Is That Really a 3 Bed 2 Bath Ranch Home built in 2006 for $34,900 in Colorado Springs?

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Real Estate Agent with Monument, Black Forest, Falcon, Fountain homes

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.  Chateau at Antelope Ridge

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.  3 bed/2 bath home for 34,900 Colorado Springs

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.  

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Topic:
Real Estate Market Trends
Location:
Colorado El Paso County Colorado Springs
Groups:
Colorado Real Estate
Bananatude
Tags:
reo
land lease
bank owned
buying a home in colorado springs
foreclosures in colorado springs
antelope ridge

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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Lorraine, partnering with a Realtor is the way to go when you want to find a home. Takes the guess work out of things!

Nov 29, 2011 11:15 AM #1
Rainer
93,559
Lorraine Sayer
Monument, Black Forest, Falcon, Fountain homes - Colorado Springs, CO
Realtor ABR,CDPE,GRI - Colorado Springs,CO RE/MAX

Andrea just having someone knowledgable about the area can give one all the facts necessary to make the right choices in housing.  The deal looks great on the web but there is more to the story than just the list price. 

Nov 29, 2011 02:53 PM #2
Rainmaker
763,363
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Amazing price Lorraine! I love  Colorado and had no idea that homes like this were so reasonable. Heck you cannot get a 2 bedroom condo here for that. I see a Colorado retirement in my future ...if I can retire :-)

Nov 30, 2011 10:44 AM #3
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Rainer
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Lorraine Sayer

Realtor ABR,CDPE,GRI - Colorado Springs,CO RE/MAX
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