Home for Sale at 486 S Youngfield Circle, Lakewood, CO 80228

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486 S Youngfield Circle
Lakewood, CO 80228

Casey Karsh Perry with Compass - Denver, original listing - (303) 536-1786

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Property Details

List Price:	$950,000
Beds:	3
Baths:	Full: 1, ½: 1, ¾: 1
Status:	Active
SqFt:	2521 Square Feet
Agency:	Compass - Denver
Agency Phone:	(303) 536-1786

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2004
Notes:	Perched atop the Green Mountain Vistas neighborhood in Lakewood find this turnkey desirable ranch floor plan. Light and bright, a welcoming exterior courtyard greets you. Enjoy the outdoor fireplace in this special space ushering you to the front door. Open the front door to an open floorpan with expansive ceilings and flooded with natural light. The ease of the living space allows you to travel seamlessly between the living room, dining room and kitchen. Pull up a stool to the kitchen island for an informal meal or be seated at the breakfast table. Formal gatherings can take place at the dining room nearby. The kitchen features tons of storage and counter space and a sink that faces the fenced outdoor space with concrete patio and grass yard. Travel to one wing of the home to find an office (could be a bedroom) with built-in bookshelves and a closet and a guest bedroom with 3/4 bath in between these spaces. The main floor primary on its own wing offers a large sanctuary with ample space for a sitting area, a five piece bath with corner soaking tub and large walk-in closet. Downstairs you will find what your imagination allows, a blank slate to create another level of luxury or to keep as a large storage space. Enjoy unparalleled access to major routes like 6th Avenue, C-470, I-70, and I-25, putting the best of the city just minutes away while still feeling worlds apart in this tranquil setting. Hurry, these homes don't come to market often.
MlsNumber:	--
ListingId:	9737825

Listing Provided By:	Compass - Denver, original listing
Phone:	(720) 308-0000
Office Phone:	(303) 536-1786
Agent Name:	Casey Karsh Perry
Disclaimer:	Copyright © 2025 ROCC/REcolorado. 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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