Home for Sale at 3276 Continental Cir, Fort Collins, CO 80526

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3276 Continental Cir
Fort Collins, CO 80526

Laura Gippert with RE/MAX Alliance-FTC Dwtn, original listing - (877) 412-4811

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Property Details

List Price:	$1,550,000
Beds:	4
Baths:	Full: 3, ½: 1, ¾: 1
Status:	Active
SqFt:	5051 Square Feet
Agency:	RE/MAX Alliance-FTC Dwtn
Agency Phone:	(877) 412-4811

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2001
Notes:	Panoramic views of Horsetooth Reservoir! Perched atop the red rock cliffs and overlooking the reservoir this gorgeous log home is sure to amaze. Only 20 mins to town, you will experience a resort feeling when coming home. Paddle or plunge to your hearts delight as the neighborhood features direct access to the water via a private HOA access point. Hike, ride or bike out your front door on MILES of maintained trails of Horsetooth Mountain Park and Lory State Park. Inlet Bay Marina (5 mins away) offers all things water related including boat and wave runner rentals. Spectacular views of water by day and city lights by night. The natural materials of the home create a sense of tranquility & peace from the moment you step inside, with an open floor plan for every day living. Enjoy one of the 3 fireplaces (including a double sided one on the main level). The chef's delight of a kitchen is perfect for entertaining with an island, peninsula and spacious pantry. Relax in your own main level primary bedroom ensuite featuring double vanities and double walk-in closets. Hummingbirds frequent the wrap around deck while enjoying your morning beverage at sunrise. The lower level could serve as an in-law/guest suite or a wonderful in-home office with its own entry-door, wet bar (w/ sink and refrigerator) and a private bath. Storage galore with ample closets, several usable crawl spaces and a highly desirable (especially in the foothills) 3 car garage. This unique foothills neighborhood also boasts paved and plowed roads allowing for year round living.
MlsNumber:	--
ListingId:	1020775

Listing Provided By:	RE/MAX Alliance-FTC Dwtn, original listing
Phone:	(877) 412-4811
Office Phone:	(877) 412-4811
Agent Name:	Laura Gippert
Disclaimer:	Copyright © 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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