Home for Sale at 20051 Elk Creek Drive, Colorado Springs, CO 80908

20051 Elk Creek Drive
Colorado Springs, CO 80908

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Property Details

List Price:	$1,250,000
Beds:	6
Baths:	4
Status:	Pending
SqFt:	5482
Agency:	RE/MAX Properties, Inc.

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential
Year Built:	1995
Notes:	This beautiful Black Forest home sits on 5 heavily treed acres featuring a brand new salt water pool, complete with Tiki Hut and new Pool Umbrellas! The grand entrance has a large archway and front patio area. The entry is 2-stories and has an elegant staircase. Just off the entry is a bedroom/office with French doors. To the right is a formal dining room. To the back of the home is a great room which has a wood fireplace and is open to the second floor. The eat-in kitchen has a large island, built-in desk, under counter lights, tile floors, and two convection ovens as well as a large pantry. The den has built in cabinets. Upstairs the large master bedroom has vaulted ceilings, a laundry chute, a huge walk-in closet and a 5 piece master bath. The master bath has marble tile as well as a large tub. There are two more bedrooms as well as a full bathroom. The granite on the main level and the second floor match in all the baths as well as in the kitchen. The basement is large and open with a custom home theatre area, lighting and space set up for a pool table, walk out, and a wet bar. There is also a state of the art workout room. The whole house has surround sound speakers including: kitchen, dining room, master bedroom, basement game room etc. The backyard has a large fenced area designed to house animals, to include a chicken-coop as well as a custom Greenhouse with Hydroponics. Complete Interior re-paint. This beautiful, serene one of a kind property is just the one you dream of. Some Photos Virtually Staged -
MlsNumber:	2486341

Listing Provided By:	RE/MAX Properties, Inc., original listing
Name:	RE/MAX Properties, Inc.
Phone:	(719) 576-5000
Office Name:	RE/MAX Properties Inc
Office Phone:	(719) 598-4700
Agent Name:	Tommy Daly
Disclaimer:	Copyright Â© 2024 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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