Home for Sale at 411 Lakewood Circle B1113, Colorado Springs, CO 80910

411 Lakewood Circle B1113
Colorado Springs, CO 80910

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Property Details

List Price:	$285,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1728
Agency:	Engel & VÃ¶lkers Colorado Springs

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Description/Comments

Lot Size:	--
Property Type:	Other
Year Built:	1974
Notes:	Rare opportunity to own a PENTHOUSE!<br /> <br /> Mid Century modern living in the iconic Satellite Hotel. Come home to this historic Colorado Springs landmark and stroll the runway to enter your condominium every day. Experience the ultimate convenience of having all of your utilities, endless amenities, and maintenance a phone call away included in your HOA. Enter in to the lobby where you are greeted by concierge and Orbit Restaurant where you can make a quick pit stop for a cup of coffee and a (best ever) cookie, before taking the newly renovated elevators upstairs to your home. Step inside and be awed by the wall of glass, overlooking the city creating an immediate indoor/outdoor experience. Galley kitchen with matching appliances and ample counter space providing plenty of prep area for a meal or an evening night cap. Kitchen gives way to the dining area, which flows into the living room giving an open concept feel to the space. Step through the living room balcony doors. Enjoy the incredibly large balcony space, making indoor/outdoor entertaining a breeze. Spacious primary bedroom featuring walk in closet and private balcony access. Generously sized secondary bedrooms, which also has full access to the balcony. Other highlights of the property include: central air, washer and dryer, access to the pool, gyms, billiards room, libraries and ballroom. Although there is space for guests, should they require a more private stay, you get discounted hotel rates for their privacy and your convenience. Beyond the conveniences in the building the condominiums access to downtown, military installations, shops and restaurants is unmatched. Urban living with a historic twist at it's best- schedule your showing today. The unobstructed mountain views will stop you in your tracks every single time you glance through your full wall of glass.
MlsNumber:	6247653

Listing Provided By:	Engel & VÃ¶lkers Colorado Springs, original listing
Name:	Engel & VÃ¶lkers Colorado Springs
Phone:	(719) 358-9707
Office Name:	Engel & VÃ¶lkers Colorado Springs
Office Phone:	(719) 358-9707
Agent Name:	Christina Whiteley
Disclaimer:	Copyright Â© 2024 Engel & VÃ¶lkers. 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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