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Here is the last 7 Days Real Estate Activity in the Montorse Area. This is week 5 of the year. This information comes from the Montrose Area Realtors Information Network.
SOLD
tbd 72.50 Rd $30,000 a 3 acre lot, juniper and pinion trees south of town, 2 lots sold 30k each
1001 S 5th St $45,000 A foreclosed hm lots of work needed 1402 sq ft 3 Bd 1.5 Ba
tbd Fellows Dr $90,000 Very nice lot in the Bridges across from the 13th green
1816 Freedom $142,000 1578 sq ft hm 3 bd 2 ba
67029 Sunnyside $150,000 A foreclosed hm 1000 sq ft on 20 acres.
67585 Liberty Rd $164,900 A foreclosed 3345 sq ft hm 4 bd includes basement
67877 Tailspin $217,000 A foreclosed hm 2124 sq ft 3 bd 2 ba
67574 Trout Rd $284,900 A foreclosed log hm on the river, 1900 sq ft 4 car garage
14114 Matterhorn $388,500 2389 sq ft hm on 1 acre 5 car garage.
UNDER CONTRACT. The prices you see in this list are the asking price and do not reflect the price at which the property may be under contract for.
3600 Chestnut $39,000 A lot in the Brown Ranch sub
tbd Bellhaven $45,000 A residential lot in the city
63900 Jacaranda $62,000 A manufactured hm 1603 sq ft on 3 acres
18000 Rattler $84,500 A manufactured hm on 40 acres 2016 sq ft
1306 Bighorn $86,800 A foreclosed townhome 1065 sq ft
1964 Natalia $94,900 A foreclosed hm 1608 sq ft needs some work
64225 S Ramona $96,800 A foreclosed 1842 sq ft hm 2 bd 2 ba
14 Brown $99,950 972 sq ft hm 2 bd 1 ba
tbd Merchant Dr $108,000 A commercial lot by the Ford dealership.
813 Barnwood $112,100 A foreclosed hm 1141 sq ft 3 bd 2 ba
1629 Dover $117,300 A foreclosed hm bi level 2204 sq ft 4 bd 3 ba
6 Columbia $121,990 1434 sq ft older hm 3 bd 2.5 ba
441 Silver $125,000 A foreclosed manufactured hm 2248 sq ft
1560 American $199,900 1542 sq ft hm 3 bd 2 ba
Montrose Colorado . Real Estate Market Report Jan 23rd - Jan 29th 2012
Week 4 of 2012.. Here is the list of properties that SOLD and went under contract this past week in the Montrose Area. This information comes from the Montrose Area Realtors Information Network. If you have any questions at any time about Montrose Real Estate be sure to contact me either by phone 970-209-8436 or e- mail me AlanBrownRealtor@gmail.com
SOLD
523 S Park $32,500 A foreclosed 1064 sq ft hm 3 bd 2 ba
tbd Fellows Way $50,000 Lot in the Bridges by the 15th green.
tbd Tiyoweh Trail $58,000 40 acres of Sagebrush
44 N Junction $78,000 1900 sq ft older home in good condition
60075 Oak Grove $95,000 4.2 acre building lot on Spring Creek
1234 S 4th $97,000 A foreclosed hm 1609 sq ft 3 bd 2 ba
67498 Oak Leaf $219,900 A foreclosed log hm 2304 sq ft New Carpet tile paint views
UNDER CONTRACT. The prices you see here are the asking prices and do not reflect the price that the property maybe under contract for.
401 S San Juan $64,900 A foreclosed hm 1116 sq ft 3 bd 2 ba
1761 Kellie Dr $116,000 Nice Manufactured hm 1742 sq ft includes the lot
2524 Glen View $149,900 1442 sq ft home 3 bd 2 ba
2500 Stonebridge $250,000 2342 sq ft home by the 4th tee box of the Bridges.
1004 Laurel $259,900 Very nice brick hm 1946 sq ft 1/2 acre lot
23414 Uncompahgre $264,900 A foreclosed hm 2600 sq ft on 3 acres good condition
13820 Larkspur $329,900 A foreclosed hm 2318 sq ft on 1 acre lot
Montrose Colorado Foreclosure List for Jan 25 2012
If you have an interest in looking at Foreclosed homes for sale or you would like to receive an e-mail everytime a foreclosure is listed for sale contact me with you name and e-mail address and I will make sure you are kept up to date on the foreclosure market as it happens.
The list below is all the bank owned homes that are currently available today. This list is constantly changing. These homes are listed with many different agents and companies around town. If you would like to see any house listed for sale contact me today. Alan Brown 970-209-8436 AlanBrownRealtor@gmail.com
18 N 9th $39,000 14598 6355Rd $40,800
521 N 4th $64,400 17800 6780 Rd $64,900
401 San Juan $64,900 67610 Sunshine $72,900
102 Brown $82,900 107 Vista View $84,900
1306 Bighorn $86,800 1305 Pitchfork $89,000
64225 S.Ramona $96,800 813 Barnwood $112,100
1964 Natalia $112,900 63873 Nancy $114,900
1270 Wagon $115,000 1629 Dover $117,300
441 Silver $125,000 1672 Rhine $128,000
1808 Drafthorse $128,000 2839 Stoney Creek $129,900
9017 Harvard $129,900 2729 Country Club $129,900
2545 Storm King $134,900 2210 Devon $140,000
11311 6450 Rd $142,900 2497 Sunnyside $146,900
130 N 8th $153,500 9570 Indian $167,900
12773 6600 Rd $168,300 3911 Lone Tree $169,900
62667 Jig $198,900 13368 Marine Rd $209,900
319 E Main St $214,900 21835 Govt Spgs $249,900
23414 Uncompahgre $264,900 61393 Niagara $279,900
13895 Larkspur $298,900 12570 6450 Rd $329,900
2218 Fellows $385,000 67660 Ogden Rd $570,000
60169 La Salle $749,900
Montrose Colorado Real Estate Market Report for Week 3 of 2012 Jan 16th - Jan 22 2012
Just 4 closings this past week this is left over from a slow month in December. This week 15 properties went under contract which is a good week for January. So far this year in the first 3 weeks 37 resdential properties have gone under contract. The market is busy for the time of year.
If you have any questions or you are looking to buy or sell in the Montrose Area Contact me. Alan Brown 970-209-8436 AlanBrownRealtor@gmail.com
SOLD
831 Chipeta $27,500 A foreclosed Manufactured home 1400 sq ft
539 S Park $32,500 A foreclosed 1733 sq ft hm in good condition, STEAL OF THE YR
832 N Uncompahgre $40,000 A foreclosed hm 1024 sq ft 3 bd 1 ba
436 N Cascade $46,250 A foreclosed 950 sq ft hm 2 bd 1 ba

UNDER CONTRACT.. Theprices on this list are the list prices and do not reflect the price at which the property may be under contract for.
512 N 7th $28,900 A foreclosed 908 sq ft 3 bd 2 ba hm
tbd Cirque Way $30,000 A lot in town
1001 S 5th $39,900 A foreclosed hm 1402 sq ft in need of work.
16244 Chipeta $64,900 A foreclosed hm 1116 sq ft 2 bd 1 ba
tbd Fellows Way $86,000 A lot in th Bridges by the 15th green.
2470 Helen Way $99,900 A foreclosed hm 1302 sq ft 3 bd
8310 6400 Rd $100,238 A foreclosed manufactured hm on 3 acres 1815 sq ft
1395 Corral Dr $135,000 Very nice Manufactured hm 2074 sq ft 3 bd 2 ba
2349 Mead Ln $174,900 A foreclosed hm good condition 3 Car, 1629 Sq ft 3bd
2135 Bradford $175,900 Remodelled bi level 2224 sq ft 4 bd 3 ba
559 Opal Dr $209,900 Brand New Spec hm 1620 sq ft 3bd 2 ba
3008 Ivy Dr $249,000 Brand New Spec hm brick, 3 car 1800 sq ft nice.
67574 Trout $284,900 A foreclosed Log hm on the river, 3 acres
1716 Capital Ct $299,900 A foreclosed hm 2850 sq ft 3 bd 2.5 ba great condition
2701 Sleeping Bear $385,000 A foreclosed hm in the Bridges 2795 sq ft 16th tee box nice hm
Montrose Colorado. Condo For Sale, Owner Will Finance.
If you would like to see this condo or you would like further information contact me Alan Brown 970-209-8436 or AlanBrownRealtor@gmail.com . If you are looking to buy or sell any other type of Real Estate in the area also I would love to hear from you.

Ground floor unit. Located on a cul de sac this 825 sq ft condo is in good condition, built in 1983. It is close to some restaurants and schools. It is also just a few minutes walk to the Bus Stop.
2 bedrooms 1 bath. The monthly HOA dues are $100. This covers Water Sewer and Trash from the City. Insurance on the Building, Maintenance for the landscaping around the building. There are a total of 8 condos in the building.

Each unit has a covered parking space in the back plus a small storage unit, this particulaer umit has 2 storage units.
The owner would consider financing the sale. The terms being offered are $10,000 down, 4% interest amortized over 15 years witha balloon payment in 5 years. Based on those terms your monthly Principal and Interest Payment would be $517 a month. Asking Price $79,900
Montrose Colorado Real Estate Activity for week 2 of 2012 .
Here are the lists of properties that SOLD and went under contract in the last 7 days .
SOLD
1202 Harvest Ln $42,000 A foreclosed manufactured home 1428 sq ft needed work
925 S 1st $58,400 644 sq ft hm 1 bd 1 ba good condition
14516 6360 Rd $59,000 A foreclosed manufactured hm 1040 sq ft
119 6675 Rd $119,000 A foreclosed hm 1415 sq ft 3 bd 2.5 ba
23786 V 66 Trail $121,000 39 acres scrub oak and pinions
1401 S Mesa $170,000 Very nice ranch hm with basement 2160 sq ft
67903 Tulare Rd $234,500 1660 sq ft 3 bd 2ba on 1 acre
64876 Kourtney Ln $239,000 A foreclosed hm on 4 acre 2066 sq ft
3371 Mahogany $385,000 2800 sq ft hm in the Brown Ranch
UNDER CONTRACT.. The prices here are the asking prices and do not reflect the price at which the property may be under contract for.
148 S 4th $48,000 A foreclosed 800 sq ft hm 2 bd 1 ba
630 N 2nd $55,000 A foreclosed hm 680 sq ft 2 bd 1ba
tbd Tiyoweh $84,900 40 acres up Govt Springs Rd scrub
1025 S 11th $85,000 Short Sale ranch with bsm 2200 sq ft
tbd Fellows Way $109,500 A lot in the Bridges across from the 13th green
59925 Joe Pye $126,500 A foreclosed hm 1963 sq ft 2.3 acres
2750 Country Club $136,900 A foreclosed hm 1750 sq ft 3bd 2 ba
2497 Sunnyside $146,900 A foreclosed hm 1704 sq ft backs up to 13th green at Black Canyon
2515 Cirque Way $155,000 Santa Fe style 1700 sq ft hm
67585 Liberty Rd $166,900 A foreclosed 3345 sq ft hm ranch with walk out bsm
15381 6100 Rd $289,900 A foreclosed older hm on 10 acres Spg Creek
1100 Fruit Park $299,000 2538 sq ft hm on 4.6 acres 48 x 38 detached shop
If you have any questions, or you are looking sell or buy in the Montrose are contact me.
Montrose Colorado Real Estate Numbers for all of 2011.
On this page you will see the Number of sales for the last 6 years 2006 thru the end of 2011 for Residential Homes, Vacant Land and Commercial.
In the top right corner of page 1 you will see that the number of homes sold in the Montrose Area in 2011 increased to 428 homes sold, that's up over 2009 and 2010 ...You will also notice that the number of Bank Owned homes that sold also increased almost two fold over 2010.
There is some good news on the foreclosure front. In 2011 284 homes received a notice of foreclosure that compares to 385 in 2010 so a decrease of 100 homes. With that and more homes selling a glimmer of light that we are maybe about to turn the corner here in Montrose, or at least the market is going to level out.

The number of land sales continues to fall even though it is only by a few. If you have any questions contact me either by phone 970-20908436 or e-mail me at AlanBrownRealtor@gmail.com
Below is the list of Sold and Under Contract Properties for the first week of 2012 in the Montrose Area.
The information provided in this article comes from the Montrose Area Realtors Information Network.
SOLD
511 S 7th $22,000 A foreclosed home in bad shape 1440 sq ft 2 bd 1 ba
1861 Ouray Dr $88,000 Short Sale 1062 sq ft hm 3 bd 1 ba
1317 S Mesa $119,000 Ranch hm with basement 1824 sq ft 4 bd 2 ba
3801 Lone Tree $157,250 A foreclosed hm in Cobble Creek 1701 sq ft
2805 Bluebell Ct $270,000 1850 sq ft hm on 1/2 acre 3 bd 2ba
904 S 4th $350,000 Medical building 2600 sq ft
67231 Ogden Rd $352,500 2802 sq ft hm on 3 acres detached shop plus views.
UNDER CONTRACT...The price you see here is the list price and does not reflect the price at which the property maybe under contract for.
505 N 5th $89,900 A foreclosed hm 972 sq ft 3 bd 1 ba
1386 Pitchfork $111,900 A foreclosed manufactured hm 4 bd 3ba
21681 Govt Spgs $114,950 Short Sale older hm 1725 sq ft on 3 acres
Tbd Miami Rd $174,888 7.2 acre land next to the Black Canyon Golf Course.
1344 Manchester $195,000 Ranch with full Basement 2850 sq ft
67029 Sunnyside $199,000 A foreclosed hm on 21 acres in the City, house trashed
57865 Jig Rd $199,900 A foreclosed hm 1534 sq ft on 10 acres.
2757 Harp $262,000 3390 sq ft hm 4 bd 3 ba
15318 6100 Rd $289,900 A foreclosed older home on 10 acres Spg Ck
214 Harmony $316,500 2533 sq ft hm on 40 acres of pinion trees.
14114 Matterhorn $389,500 2389 sq ft on 1 acre with 5 car garage.
15227 6260 Rd $599,990 4882 sq ft hm just a couple of years old on 1.5 acres.
Do you really want to do a short sale?
What is a short sale? It's where you are trying to sell your home for less than the mortgage owed on the home.
Do I need to behind in my payments to do a short sale? The simple answer is NO.
How does having more than one mortgage on the home affect a short sale? It depends, if you have 2 loans with the same mortgage company it really doesn't affect it. If you have loans with 2 different mortage companies this is where it can become complicated. The 2nd lien holder has to agree to either not receive any proceeds from a short sale or very little. Many times the 1st and 2nd lien holders can't agree and the home goes to foreclosure.
How do I start the process of doing a Short Sale? You really should call a Realtor. Many Realtors these days have done a short sale and some have done many. First you should list the property and a fair market value based on what other similar homes in you area are selling for. Then as a seller you are going to have to gather a lot of paperwork that your realtor is going to have to send in to your lender to start the process.
As a seller your lender is going to want to see tax returns, income and expense reports, recent bank statements, pay stubs, a hardship lettter stating why you either can't make the payments or you can't sell the property for more than the amount owed. These are some of the main items you rlender is going to want from you, there could be other documentation that the want. Basically you are re-qualifiying all over again just like you did when you bought the house. If you have any cash assets your lender may try and claim those from you or at the very least deny your short sale.
Once your lender has all the paper work they need from you it can take up to 60 days in my experience for them to make a decision which although 30 days or less is becoming more of the norm these days, it really depends on the mortgage company.
Should I let it go to foreclosure rather than short sale my home? Maybe or maybe not. Generally if you sell your home on a short sale you can buy another home after 24 months, if you let it go to forclosure you are looking at 4 to 7 years before you can buy another home. Although these are not set in stone and depends on your circumstances of why you did what you did.
How will it affect my Credit Score? In the short term about the same Short Sale v Foreclosure. if you are 30 days late on a payment 40 -100 points 90 days late 75 - 135 points. Foreclosure/short sale/deed in lieu 85-160 points. Bankruptcy 130-240 points.
What else should I watch for in a Short Sale? Short Sales do not necessarily release you from your obligation to pay back your mortgage company the amount you still owe them unless you specifically have an agreement with them. This is called a deficiency judgement, by the way this could also apply with a foreclosure. At this time it is not that common for a mortgage compnay to file a deficiency judgement against you, but don't bet on it not happening, definitely address this when doing a short sale.
There are companies out there that charge fees to handle a short sale for you. Personally I would steer clear of using any of them. You can easily have a Realtor do this for you with no up front fees, and if the home sells they will make a commission.
If you have any questions or you have a home in the Montrose Area that you need to sell and you are going to be in a Short Sale situation contact me Alan Brown 970-209-8436 or e-mail me AlanBrownRealtor@gmail.com
Montrose Colorado... Real Estate Market Report Dec 25th - Dec 31st 2011

This is the Real Estate Activity list for the last week of the year 2011 for the Montrose area. The year ended with 11 properties SOLD and 9 more that went under contract. There are currently a total of 36 homes Under Contract in the Montrose area .
Next week I will be posting all the Stats for the entire year 2011.
This information comes from the Montrose Area Realtors Information Network
If you have any questions at any time contact me 970-209-8436 or alanbrownrealtor@gmail.com
SOLD PROPERTIES
tbd Redcliff $20,000 A lot in the Bridges Golf Community
14581 6355 Rd $26,500 A foreclosed single wide on a lot in poor condition
1101 S 5th #5 $44,000 A foreclosed condo 1218 sq ft 3 bd 2ba
1322 Bighorn $125,000 Townhome 1065 sq ft 2 bd 2ba
9150 6115 Rd $130,000 1650 sq ft Manufactured home on 3 acres
125 Spruce $133,350 Ranch home with Basement 1872 sq ft good condition
753 White Tail $145,000 1769 sq ft home 3 bd 2 ba
2364 Fox Park $163,000 A foreclosed home 2044 sq ft 4 bd 3 ba
24 Elm $225,000 2783 sq ft 1960's built in greta condition 4 bd 3 ba
2006 Otter Pond $258,500 A foreclosed hm 2470 sq ft 4 bd 3 ba
3216 Monte Vista $280,000 2084 sq ft hm on a 1/2 acre lot 3 bd 3ba
UNDER CONTRACT.... The prices you see here are the list prices and do not reflect the price at which the property maybe under contract for.
68580 Overland $79,900 A foreclosed hm on 1 acre 1551 sq ft needs lots of work
18000 Rattler $84,449 A foreclosed manufactured hm on 40 acres
2113 Leah $102,000 A foreclosed hm 1487 sq ft 3 bd 2ba
1317 S Mesa $119,000 Ranch hm with basement 1824 sq ft
60075 Oak Grove Rd $120,000 4 acre lot with all utilites including septic
1816 Freedom $164,900 1578 sq ft home 3 bd 2 ba
67877 Tailspin $234,900 A foreclosed hm 2124 sq ft on 1 acre
904 S 4th $425,000 Medical building 2600 sq ft.
60870 Kansas Rd $649,900 4802 sq ft hm on 10 acres plus a guest house.
Montrose Colorado Year End Foreclosure List 2011
Here is a list of homes currently for sale in the Montrose area that are bank owned and ready for new owners.
Some good news on the foreclosure front for Montrose, there were 100 less homes that received notices of foreclosure in 2011 than 2010. The number is still high at 285 notices this year but its a lot better than the 385 of last year. Hopefully this trend continues into 2012.
If the number of homes being foreclosed on can drop another 100 in 2012 it will go along way to turning the market around.
This is the list of homes under $200,000 if you would like foreclosures over $200,000 let me know I will e-mail you that list.
512 N7th $29,900 1001 S5th $44,900
62350 David Rd $49,000 630 N 2nd $55,000
401 S San Juan $64,900 523 S Park $69,900
521 N 4TH $71,400 17800 6780 Rd $74,400
16244 Chipeta $74,900 68580 Overland $79,900
67610 Sunshine Rd $79,900 102 Brown $82,900
18000 Rattler $84,500 107 Vista View $84,900
505 N 5th $89,900 539 S Park $94,900
1270 Wagon $97,750 1306 Bighorn $98,600
64225 S Ramona $110,000 813 Barnwood $112,100
1964 Natalia $112,900 63873 Nancy $114,900
441 Silver $125,000 59925 Joe Pye $128,850
2839 Stoney Ck $129,900 9017 Harvard $129,900
1808 Drafthorse $134,900 2545 Storm King $139,900
2729 Country Club $139,900 5118 5600 Rd $149,900
130 N 8th $159,900 2497 Sunnyside $159,900
67585 Liberty Rd $166,950 9570 Indian $178,500
3911 Lone Tree $179,900 67029 Sunnyside $199,000
57865 Jig Rd $199,900
If you would lik emore information on any of these homes or you would like to see the inside of any of them, contact me either by phone 970-209-8436 or e-mail AlanBrownRealtor@gmail.com
If you would like to recieve by e-mail any new foreclosed homes that come up for sale automatically within 5 minutes of them being posted on the MLS, send me your name and e-mail address and I will add your information to the foreclosure hotline.
Print this list out and take it with you on a drive around town.
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Alan Brown
Montrose,
CO
More about me
Coldwell Banker Montrose Colorado
Address: 2023 S Townsend Ave, Montrose, CO, 81401
Office Phone: (970) 249-2449
Cell Phone: (970) 209-8436
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Bringing you knowledge and expertise in the Real Estate Business
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$129,900
3 br, 2 ba, 1,304 sqft
Bank Owned. Good Condition, Maintenance free exterior, Cherry Wood Floors in ...
$134,500
3 br, 2 ba, 1,344 sqft
This home is located on a large lot with irrigation water. Log home, yet the ...
$114,900
3 br, 2 ba, 1,272 sqft
2001 Manufactured Home, in good condition. There is a 24 x 30 attached garage...
$79,900
2 br, 1 ba, 825 sqft
Neat Clean Condo on the ground floor. Located on a cul de sac. Owner will fin...
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