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Interesting foreclosed home in Holland Park
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I saw an interested foreclosed home yesterday in West Colorado Springs in Holland Park. The property definitely has possibilities, even though it needs lots of TLC and updates. Here’s the main facts, it was built in 1978 and is currently listed at $184,900; 4 bedrooms, 2 baths, 2 car garage. The property was foreclosed on in May 2009 and the El Paso County Assessor has it valued at $232,000. It last sold in 2005 at $217,500 The property has some nice curb appeal from the outside, stucco, circular drive; in my opinion it looks nicer on the outside vs. the inside. It’s in a nice established west side neighborhood.
The bank (who is the current owner) has put in new carpet and new paint; but there is still plenty that needs to be done. In the master bedroom, one of the closets had been converted to an additional bathroom, even though there is a small bath right around the corner. The bathroom conversion (addition) was not done very well, and probably should be torn out and it should be made back to a closet. Or better yet, do a major change and take the 2 bathrooms and combine them to 1 nice spacious master bath. OR, the bathroom in the closet could be redone; as then it would be very usable for handicap access.
Kitchen was also pretty outdated; as it looked like the original cabinets, original appliances, original everything. The trim molding around the doors and floor were pretty banged up. Alot of the work that needs to be done is cosmetic; and like all foreclosed homes in Colorado Springs a great inspection including a structural inspection would be required to make sure the roof, furnace, hot water are all in good working condition.
I didn’t spend much time looking at the backyard or the deck; but both looked like they hadn’t had much attention paid to them for quite a while. One unique feature, the deck was partially covered with an overhang ceiling that had a skylight in it. Also, I think the basement may have been set up for a mother-in-law apartment, as there is a mini-kitchen in the basement; including stove, frig, and sink.
Property has tons of space in it, 3000 square feet, 1700 on the main floor. For the right price, it could be made into a great house in a nice established neighborhood.
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To find out more information about buying a foreclosure in Colorado Springs Call
Kathy (719-287-1049) KTorline@msn.com
