That depends upon what the question is: are you asking about the house or the house and land? This particular Forclosure property in Chateau at Antelope Ridge is listed at $34,900 and if you are searching for a home via the web that sounds pretty sweet considering the median price for homes in Colorado Springs, El Paso County was $187,000 in October 2011.
The home looks great and has nice features. The area is newer, convenient commute to military bases, and 5 minutes to the newest shops and restaurants along the Powers corridor but just as your parents taught you, “if it sounds too good to be true it probably is….”
The assumption that the land goes with the house is where an excited buyer can have the wind knocked out of their sails. The Chateau at Antelope Ridge is one of the rare land lease neighborhoods in Colorado Springs and for the current home owners that is a palatable home ownership partnership and they are satisfied with the conditions of the lease attached to their home.
For those desiring a more traditional home purchase the knowledge that there is a separate obligation besides their mortgage on the property might be something that they are not ready to engage in. Shopping for a home on the web is the wave of the future but buyers might want to consider partnering with a professional local Realtor to get ALL the facts before signing on the dotted line.