Home for Sale at 4525 Goodnight Ave, Pueblo, CO 81005

4525 Goodnight Ave
Pueblo, CO 81005

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Property Details

List Price:	$549,900
Beds:	4
Baths:	2
Status:	Active
SqFt:	1320
Agency:	Pueblo Real Estate Associates, LLC

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1955
Notes:	Perched atop the bluffs overlooking the Arkansas river, Valco ponds, views of the Pueblo Reservoir Dam & Mountains, this one of a kind Raised Ranch style home boast 4 bedrooms, 2 baths, and 2 car car garage (1 bay door), plus 2 car carport. A fully updated home spanning almost 2 full acres of prime local real estate. Feel the comforting warmth as you walk into the kitchen and dining area, stainless steel appliances, custom countertops and beautiful hickory cabinets, all complimented with a stone fireplace. This is a great space for entertaining! But wait, there's more! A family room right off the kitchen gives you almost a cabin type feel along with a beautifully updated bathroom just off this room. The living room is huge and Bright, maintaining the breathtaking views from the many windows. A conveniently located large laundry room will make your job easier, and a split bedroom design to offer some quiet time. Although on city water, this home also features a shared well, keep that grass and garden green! Got horses? No problem, with AG-4 zoning, we have you covered. A fabulous pergola sits at the edge of the bluffs so you can wine down the day while enjoying views and wildlife, turkeys, deer and rabbits, . Fishing, kayaking, tubing, & walking trails are just steps from your backyard.
MlsNumber:	214193

Listing Provided By:	Pueblo Real Estate Associates, LLC, original listing
Name:	Pueblo Real Estate Associates, LLC
Phone:	(719) 583-8383
Office Name:	RE/MAX Associates
Office Phone:	(719) 583-8383
Agent Name:	Rich Mayo
Disclaimer:	Copyright Â© 2024 Pueblo 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing