Home for Sale at 357 Navajo Rd, Red Feather Lakes, CO 80545

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357 Navajo Rd
Red Feather Lakes, CO 80545

Ryan Jenkins with Grey Rock Realty, original listing - (970) 672-0775

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Property Details

List Price:	$730,000
Beds:	2
Baths:	Full: 1, ¾: 1
Status:	Active
SqFt:	2292 Square Feet
Agency:	Grey Rock Realty
Agency Phone:	(970) 672-0775

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1996
Notes:	Recently renovated Swedish Cope Log home on a gently rolling 2.6 acre lot located in the private mountain community of Crystal lakes. Dramatic cathedral tongue-and-groove ceiling in the great room with incredible natural light and a cozy propane fireplace. Gourmet kitchen with timber frame and tongue and groove accents, granite countertops, custom cabinetry, and Jenn-Air appliances, and incredible views of the outdoors while you cook! The main floor features a private primary bedroom, while the loft offers a versatile space for a second bedroom or office/guest room. Both bathrooms have been fully remodeled with heated floors for extra comfort. The lower level has been thoughtfully updated with a family room, laundry, and mudroom, providing ample space for relaxation and convenience.Step outside to take in the breathtaking sunrises and sunsets from the wraparound covered deck. Incredible recreation abounds in Crystal Lakes with miles of hiking and biking trails, access to Roosevelt National Forest, private access to fly fishing on the North Fork of the Poudre River, Panhandle Creek, Crystal Lake, and numerous other lakes and ponds in the neighborhood that are stocked and managed for fishing.Starlink internet is available for reliable high-speed service. The exterior has been recently re-chinked and stained, with fieldstone accents, a new tankless water heater, furnace with humidifier, and a generator installed for modern comfort and peace of mind.This home is move-in ready, with gorgeous east-facing views of an aspen grove. A newly built dog run adds extra convenience for pet owners. Whether you're looking for a primary residence, a vacation getaway, or a rental property, this mountain retreat offers endless possibilities.
MlsNumber:	--
ListingId:	1018151

Listing Provided By:	Grey Rock Realty, original listing
Phone:	(970) 672-0775
Office Phone:	(970) 672-0775
Agent Name:	Ryan Jenkins
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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