Colorado Springs Vintage Homes Blog
719.287.1049
Diamonds in the rough near the Broadmoor
Luxury Foreclosures near the Broadmoor
Search for Luxury Foreclosures in Colorado Springs
I previewed a variety of interesting bank foreclosures last week in Southwest Colorado Springs, including some homes in the Broadmoor area.
My tour for the week started at a wonderful home in Broadmoor Ridge priced at $269,900. As I started to write this blog today I went back to check some of the info on the property, and it is now under contract. I didn’t think it would last long on the market, as comparables in the area are going for $350,000 to $700,000.
Our second home of day was another luxury foreclosure home in Broadmoor Hills on Oakhurst Lane that has structural damage. The last time it sold in 1996 for over $500,000. The property has amazing views from every window, a 2 story atrium, all on a 1/2 acre lot. Since the last sale in 1996 it looks like it has been listed and withdrawn 7 or 8 times; and it’s been foreclosed on 2 or 3 times. Property needs tons of work; including structural problems including the concrete slab was removed in the basement due to radiant heating system problems. Comparable houses in the Broadmoor Hills area are currently for sale from $650,000 to $900,000. It will be interesting to see what happens with this property; I almost wonder if someone will buy it and tear it down and build something new on the lot.
In the $250,000 and higher foreclosure price range, there are 2 other homes on the market in Broadmoor area that are bank-owned properties; and 6 in this same price range is listed as a short sale.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
Related Articles:
To find out more information about buying a luxury foreclosure in Colorado Springs Call
Kathy (719-287-1049)KTorline@msn.com
