Home for Sale at 520 176th Ave, Broomfield, CO 80023

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520 176th Ave
Broomfield, CO 80023

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Property Details

List Price:	$855,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	4147
Agency:	RE/MAX Northwest, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2020
Notes:	Welcome to this beautiful home in the Palisade Park neighborhood. This lovely home offers 3 bedrooms plus a loft upstairs, as well as a main-level bedroom and 3/4 bath, Study room, the living room features a dramatic high vaulted ceiling, abundant natural light, and a cozy gas log fireplace. The kitchen boasts granite counters, a spacious breakfast nook, an eating space, large pantry, and high-quality stainless steel appliances. Upstairs, is the primary suite, providing a luxurious retreat. Additionally, there are 2 more bedrooms, a convenient laundry area, a full bath, and a relaxing loft space. Located on a corner lot, this home includes a 2-car attached garage, with over 9,000 sq ft of lot space, a Professionally finished front and back landscape, and a 1,373 sq ft unfinished basement, the property offers endless possibilities. Enjoy the convenience of front and back yard sprinkler systems. This home is impeccably maintained and situated for easy commutes, offering quick access to I-25 and Hwy 7. You'll appreciate being within walking distance of restaurants, coffee shops, King Soopers Marketplace, Children's Hospital, Colorado National Golf Club, Erie Municipal Airport, great schools, and numerous walking and biking trails. Don't miss this exceptional opportunity to own a truly remarkable property!
MlsNumber:	1009311

Listing Provided By:	RE/MAX Northwest, Inc., original listing
Name:	RE/MAX Northwest, Inc.
Phone:	(303) 255-4301
Office Name:	RE/MAX Northwest
Office Phone:	(303) 255-4301
Agent Name:	Neelam Shrestha
Disclaimer:	Copyright Â© 2024 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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