Home for Sale at 3140 Electra Drive, Colorado Springs, CO 80906

3140 Electra Drive
Colorado Springs, CO 80906

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Property Details

List Price:	$1,599,000
Beds:	5
Baths:	5
Status:	Pending
SqFt:	5850
Agency:	RE/MAX Properties, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1995
Notes:	Welcome home to this stunning fully remodeled home in the Top of Skyway! This home sits on a large lot with Massive city views and views of the Rocky Mountains. You also have bear creek walking/hiking and biking trails just steps away from you back yard! The Home is completely remodeled top to bottom with real hard wood floors throughout, beautiful wood lounge and groove paneling ceilings in the luxurious living room, a main level office as well as a formal dinning room. The kitchen is a chefs paradise with all the finishes you could think of from top of the line quartzite counter tops to plenty of counter space and a magnificent stone bordered gas stove. From the kitchen you are treated by a walk out onto a huge stamped stained and sealed covered concrete patio with a custom built stone gas grill. The master bedroom greats you with double doors, marble floors in the bathroom and all the updates you could dream of! the other 2 bedrooms upstairs are both on suites with their own bathroom. The basement offers plenty of natural light, you are created with a magnificent wet bar with a secondary family room. The basement offers 2 more bedrooms as well as a gym. The oversized 4 car attached garage is perfect for all your kids sports and camping gear, from there you are greeted with an oversized laundry room with black quartzite counter tops and tons of storage! This home is a one of a kind, not only the high end finishes and the completely brand new landscaping around the entire house with a self draining sprinkler system but it also sits in the highly prestigious school districts in the state, School District 12. Come walk this magnificent home where luxury meets functionality and be just minutes from anything you could possibly need!
MlsNumber:	5015031

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) 570-9000
Agent Name:	Jake Gans
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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