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King’s Deer in Monument Colorado, majestic homes on 2 1/2 acre lots
My Colorado Springs neighborhood pick of the week — King’s Deer in Monument
Search for Homes in Monument, Zip Code: 80132
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- Mountain Shadows homes in the foothills
- Pinecliff homes, secluded and quiet
- Colorado Springs Neighborhoods – Pleasant Valley
- Woodmoor Homes – Neighborhood Pick of The Week
King’s Deer is a community that is located in Monument, east of I-25, North of 105, east of Furrow, south of County Line, West of Highway 83. It also includes the Kings Deer Golf Course.
Most of the homes in the area area are included in the King’s Deer HOA and the yearly dues are around $200.00.
Single Family Homes in Kings Deer were primarily built from 1995 to 2010 with an average age built of 2002. The majority of the houses are ranches with some 2 storys; with 3 – 4 baths, 3 – 5 bedrooms and 3-5 car garages; both attached and detached. The average home has appx. 4500 to 5500 square footage.
High end foreclosures on the upswing in Colorado Springs
Foreclosures are going upscale across Colorado Springs
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While the high-end numbers are less in Colorado Springs than the lower-priced foreclosures, there has been a growth that reflects a 
significant shift in the foreclosure landscape and its underlying causes. Mortgage problems have moved upstream; partially because of economic conditions such as unemployment and stock losses. Also in play is a different type of risky loan called option ARM (adjustable rate mortgage) and interest only loans.
It definitely seems like the focus is shifting as we’re seeing more defaults, foreclosures and short sales in the more-affluent Colorado Springs communities. Some national experts emphasize that the foreclosure numbers don’t reflect the extent of distress at the high end. Banks are more likely to pursue short sales in luxury Colorado Springs luxury homes, in which the homeowner stays put while marketing the home for less than is owed on the mortgage.
Experts agreed that high-end homes take longer to become foreclosures because affluent people have more resources, consequently they likely to extend the time they’re struggling to make payments.
I looked over the Post Sale List dated 8-4-2010 from the El Paso Public Trustee’s office, and there is definitely evidence that foreclosures are going upscale. There was one property over $1,000,000 that was foreclosed on, 1 over $700,000, 1 over 500,000; and several over 300,000. When I compare this to the same list over a year ago, there were no Colorado Springs properties foreclosed on over $300,000.
There are currently 52 Bank-owned properties on the Colorado Springs market over $300,000; including several homes in the Broadmoor area, as well as in homes in Black Forest and in Monument.
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To find out more information about Colorado Springs and Luxury Foreclosures, Call ……
Kathy (719-287-1049) KTorline@msn.com
Foreclosure pick for July, 5 acre horse property in Monument
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My foreclosure pick of the week is in Monument (located north of Colorado Springs) on 4185 Spaatz Road in Pine Hills in Monument. It’s located west of I-25 and it includes over 4100 square feet, with 4 bedrooms, 3 baths, and a 2 car attached garage.
The property was built in 1983; and most recently sold for $375,000 in 2005. It is a two-story , on 5 acres zones for horses and includes a finished basement.
The upsides….. 5 acre lot, expansive floor plan, beautiful valley views with plenty of square footage. It’s very close to Pike National Forest, hiking trails, and only minutes from downtown Monument. It does need quite a bit of work, but at first glance it mainly looks like cosmetic work including new floor coverings, everything needs painted, appliances are needed, deck needs refinished, and the windows look in bad shape. Couldn’t tell about the roof, or the condition of the well or the heating system; all things to be checked out during an inspection.
The description in the MLS Says: “Great opportunity! 4 bed, 2 bath home with over 4,000 square feet! Tons of living space in this house. The main level features formal living and dining rooms, a family room with a fireplace and a spacious kitchen. Kitchen features a breakfast bar and tile counters and backsplash. There is a sunroom off of the family room which offers tons of natural light for the kitchen and family room area. Basement offers a large rec room and an office. Lots of windows and high ceilings throughout the main level.”
The El Paso County Assessor’s office has it valued at $394464. At the current list price of $272.900, it’s priced below market value. There are 3 other properties in the area, priced from $365,000 to $654.000. During the last 6 months, 4 comparable homes in Monument have sold in the same area, ranging from $275,000 to $406,500; averaging $110.00 per square foot.
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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
First quarter 2010 market report for homes in MONUMENT area
Colorado Spring Real Estate
Market Report for Tri-Lakes, Single Family Homes
Includes Homes in Monument (Kings Deer, Woodmoor, Arrowhead) and Palmer Lake
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The Monument Real Estate market continues to be a Buyer’s Market, as there is currently a 15 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were down 5% from 2009 to 2008, but pricing was only down 3% from 2009 to 2008. Sales and pricing continues to decrease in 2010.
Foreclosure pick of the month for April
Colorado Springs Foreclosure – Pick of the Month for April
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My foreclosure pick of the week is Monument on 19990 Chisholm in the Woodcrest area of Monument. It includes over 4500 square feet, with 5 bedrooms, 4 baths, and a 3 car attached garage. The property was built in 1992; It is a 2 story, and incl
udes a finished basement.
The Upsides
Nice floor plan with plenty of space. Stunning fireplace with floor to ceiling brick, an amazing den with lots of wood and built in shelves. Formal Dining room, gourmet kitchen, open floor plan, plenty of room for a family. Wonderful wood floors on the main level.
The Downsides
Could use some updating, especially in the kitchen and bathrooms. Carpet could also use replaced. But for a bank-owned property, it’s in really good shape.
The Facts
The description in the MLS says: 5 bedroom, 4 bath, 3 car two-story located in Woodcrest with mountain views! 
Country kitchen with hardwoods, island and nook, 5-piece master bath, formal living and dining rooms, finished basement. Neutral Colors. Close to schools and I25.”
The El Paso County Assessor’s office has it valued at $478,000. At the current list price of $374,000 it’s currently priced below market. It is currently owned by the Bank of New York and was foreclosed on in January, 2010. At the current price, it’s at $83.00 a square foot and most of the properties in the Monument area go for close to $110.00 a square foot.
There are 13 other bank-owned properties in area, prices ranging from $237,000 to $995,000 and there 23 short sales in the area.
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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
Homes in Southeast Colorado Springs continue to be hit by foreclosures
Foreclosure Listings in Colorado Springs as of August 22, 2009
During the last two weeks of August, starting on August 10th, 47 bank-owned properties came on the market; 15 (31%) of them are already under contract
It seems like many more properties are going to final foreclosure than the number of properties that are coming back on the market. There are lots of rumors that there is a back log of properties that will hit the market sometime in 2009.
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
Market Report for Homes in Monument, July 2009
Colorado Spring Real Estate
Market Report for Tri-Lakes – Single Family Homes, Includes Monument and Palmer Lake
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The Monument and Palmer Lake housing market continues to be a Buyer’s Market, as there is currently a 14.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007. Sales continue to be soft in 2009 and are down 31% from the same period last year.
10% of homes for sale in Monument are bank-owned or short-sales
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Tri-Lakes As of 7-13-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Breakdown of homes for sale, INCLUDING FORECLOSURES
- Short sales: 32 (6.5%)
- Bank-owned: 15 (3.0%)
- Regular: 446 (90.5%)
Colorado Springs Homes for Sale — New Foreclosure Listings For week of March 23rd
Saturday Bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of March 23, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn.com
Breakdown of New Foreclosure homes for sale:
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
Colorado Springs Luxury Homes, Foreclosures in Monument
Luxury Foreclosures
Neighborhoods: Homes in Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Search for Homes in Monument
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Active homes for sale:
- Short sales: 31 (6.7%) Read the rest of this entry »
Colorado Springs Foreclosure Homes, Tri-Lakes Area including Palmer Lake
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Tri-Lakes As of 1-7-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Must Read Posts
Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Active Homes for Sale as of 1-7-09: 411
- Single Family Homes: 383 (93%)
- Condos/Townhomes/Patio Homes: 28 (7%)
Foreclosed homes in Colorado Springs, Monument and Palmer Lake
Tri-Lakes – Market breakdown for Active Homes as of 12-6-08
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Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
- Single Family Homes: 427 (94%)
- Condos/Townhomes/Patio Homes: 27 (6%)
Active homes for sale:
-
Short sales: 23 (5.1%)
- Bank-owned: 22 (4.8%)
- Regular: 409 (90.1%)
Colorado Springs Foreclosures, Tri-Valley Area including Palmer Lake and Monument
Market breakdown for Active Homes in Monument and Palmer Lake as of 11-12-08
Search for Foreclosed Homes in Colorado Springs
Includes Homes in: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
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Active as of 11-12-08: 483
- Single Family Homes: 456 (94%)
- Condos/Townhomes/Patio Homes: 27 (6%)
Breakdown of Active homes for sale as of 11-12-08: Read the rest of this entry »
