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My foreclosure pick of the week

Colordo Springs Foreclosure pick of the week

For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com

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My pick of the week is in Holland Park area on 1090 Kara Ridge Pt.

It includes over 1400 square feet, with 2 bedrooms, 3 baths,  2 car attached garage.kara Ridge 

If you are looking for a Colorado Springs townhome at a reasonable price in the desirable west side located close to Garden of the Gods, then this is the property for you.

The downside

Even though the property was built in 2004, the property has been lived in fairly hard.  There are some dings in the wall, paint chiped on some of the bull nose corners, some broken tiles in the main entryway; all easy cosmetic things to fix.

The one downside I saw about the property, the master bath only has a shower, vs. a shower and bath.   The carpet going to the garage is stained, but it may be able to be cleaned up.  Also it’s a typical bank-owned property with no appliances, but it has been cleaned up.

The other thing I didn’t like about the property was it’s location in the complex.   It’s a middle unit and there are another 8 units located just a sidewalk away; because of it’s location it felt dark and crowded.

The upsides 

The upsides, Read the rest of this entry »

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Interesting foreclosed home in Holland Park

Colorado Springs Foreclosed Properties

Search for Colorado Springs Foreclosures

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Buying HUD homes in Colorado Springs, Part I
Buying HUD homes in Colorado Springs, Part II
Colorado Springs HUD Homes – Part III in FAQ’s
HUD homes available for $100.00 downpayment 

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.

 IMG_1748 hans outside

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.

IMG_1757 hans bathroom in closet 

Kitchen was also pretty outdated; as it Read the rest of this entry »

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Townhome bargains in Colorado Springs

Some of my favorite townhomes  and condos in Colorado Springs

Search for Townhomes Homes in Colorado Springs

Related ArticleTax Credit — Who is a first time home buyer?

I spent part of last weekend showing condos/townhomes to one of my clients on the west side of Colorado Springs.   As I’ve mentioned before in some of my previous posts, it’s an amazikara-ridgeng time to buy a home in Colorado Springs, especially if you are a first time home buyer.    There are some very attractive deals in the townhome/condo market; as they seem to have been hit even harder on pricing than single family homes.  Here’s a sample of some of my favorite properties I showed over the weekend.

Townhomes in Holland Park:  Newer units, some were just finished in 2006.   Close to Garden of the Gods and I-25; easy access to the Interstate.   Tons of space for a townhome, as many of the units have 2 car garages, 2 bedrooms, 2 baths, with almost 1500 square feet.  One bank-owned unit is priced at less than $150,000.    Amazing value for all this square footage.  Some of these units originally sold for $180,000 to $200.000.  

autumn-crestTownhomes in Pinecliff:  One of my favorite areas of town, in a secluded neighborhood on the bluffs.   The area is visited by local wildlife; and portions of Pinecliff have amazing view, all close to I-25 and Garden of the Gods.   There are currently 2 properties for sale in the complex; one 2 bedroom 2 bath rancher with a carport for under Read the rest of this entry »

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