The Brian Petrelli Team Blog

 The city of Centennial is spread across the south east section of the metro area and weaves its way between Littleton, Aurora and Greenwood Village. We’ve helped many buyers and seller with Centennial Condos and we are always monitoring the new listings on the market.

Right now, there are two Centennial HUD homes we wanted to make you aware of. You can reach us at 303-726-1874 to see any of these: 

Olde Mill Condos, Centennial:

 I’m partial to Olde Mill Condos because my very first home purchase was a two bedroom unit in the complex. Right now, HUD has a two bed, 1 bath on the market for just over $100,000. This is a great price for this neighborhood. Bids are open for both investors and owner occupants.

Hunters Hill Condos, Centennial:

 We’ve been watching this Hunters Hill Condo over the last month. The price has been reduced and the bidding has been opened to allow investors the opportunity to get this great condo for under $70,000!

Bank Owned / Foreclosed Home 7318 s xenia centennial, CO 80112 $67,900.00

Beds: 1      Fin Sq Ft: 834 Baths: 1     Year: 1973 # of Photos Avail: 1 V-tour Available:  No MLS #: 885677 Listing Office: realty executives of aurora

Broker Remarks:  HUD Home hudhomesold___asis___byelectr.bidonlyfha#052-225751avail9/17/10 bid due on/before9/21/10@11:59pmortilsoldnotonlockboxbuy… Disclosures

 To see any of these homes today, give us a call at 303-726-1874 or see all Denver HUD homes on our website.

Many of our clients have been contacting us with questions on HUD’s $100 down payment program for Denver HUD Homes. This is an amazing program that HUD has made available and can help many people who can’t afford a down payment into one of the available Denver HUD Homes on the market.

In the past, low down payment programs with HUD were limited to public servants such as teachers and police officers. Recently, HUD has opened this program to allow for any owner occupant to purchase one of the available Denver HUD homes with only $100 down. There are only a few requirements to take advantage of this program:

1.) You must be an owner occupant homebuyer: HUD is not allowing investors to use this program to buy any of the available Denver HUD Homes. Only buyers who will live in the property as their primary residence will qualify for this program.

2.) You must use an FHA loan: While a requirement, this provision has some advantages. FHA loans typically allow a co-signer, so you if you need help to qualify (i.e. relatives, etc) FHA allows that. Also, HUD is allowing buyers to use FHA 203(k) loans. These loans allow you to finance not only the purchase price, but also the repair and fix up costs that typically are involved in Denver HUD Homes.

3.) All offers must be “full price”: This requirement needs some explaining. If a property was originally listed for $120,000, but HUD reduced the price to $110,000 prior to you submitting an offer, “full price” would mean $110,000, not the original price. In addition, you can still ask for HUD to pay for up to 3% in closing costs from the “full price” offer. So, in our $110,000 example, you could make an offer for $110,000 and ask for HUD to pay for $3,300 of your closing costs too.

Now that you know how HUD’s $100 down payment program work, what are you waiting for? This could be the easiest path to home ownership that’s been available in years!

I was running market statistics for one of our clients for all of the Highlands Ranch Condos. I’ve pulled the stats for the last month and thought I’d share them here with everyone.

 Keep in mind, these are the stats for all Highlands Ranch condos and townhomes. This is not a list for a specific complex. If you’d like the data for a specific complex or area in Highlands Ranch, send me an email or give me a call.

As you look at these stats, the most useful number is the Price / sqft. You’ll see the difference between sold price/sqft and listed price/sqft is $8 or roughly 5% per square foot difference. This is consistent with what we’re seeing as far as list / sold price variance goes. Somewhere between a 3%-5% difference between the price a home is listed at and what it sells for.

As with all our stats, your individual home will be different and pricing depends on many factors. Give us a call at 303-817-0209 to discuss your specific situation.

You can always search all Highlands Ranch Homes for sale on our website.

Highlands Ranch Condo Stats: 

“Based on information from Metrolist®, Inc. for the period September 2010 through October 2010

Note:

This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

As always, we continually monitor the inventory of Lakewood Condos on the market. Right now, there are a few great deals on some HUD condos in the Lakewood area we wanted to make sure you know about:

Silver Valley Lakewood Condos:

In the heart of Bear Creek lies the Silver Valley at Bear Creek condo community. Just southwest of the Bear Creek Greenbelt, this great complex has units priced from the $90’s to the high $150’s.

Currently HUD has a unit open to both investor and owner occupant bids for a nearly 1,000 square foot home for just $126,000. Give our team a call at 303-726-1874 to see this home before it’s gone

8765 w cornell lakewood 80227 $126,000.00

Beds: 2      Fin Sq Ft: 998 Baths: 2     Year: 1986 # of Photos Avail: 0 V-tour Available:  No MLS #: 918398 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-186440avail9/17/10biddue on/before9/21/10@11:59pmortilsoldnotonlockbox buykeyfr… Disclosures

Tall Pines Lakewood Condos:

 Southwest of Hampden and Sheridan you’ll find the great and affordable community of Tall Pines in Lakewood. HUD has a 2 bed, 2 bath unit in this complex for $110,000! This is a great price for a home in this community and will make a great home or investment. 

3636 s depew lakewood 80235 $110,000.00 est $

Beds: 2      Fin Sq Ft: 949 Baths: 2     Year: 1983 # of Photos Avail: 0 V-tour Available:  No MLS #: 928362 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-332337avail9/10/10biddue on/before9/19/10@11:59pmortilsoldnotonlockbox buykeyfr… more… Click Here For Full Details & Pics Disclosures

 Ammons PArk Lakewood Condos:

 Look at the size of this home: 1,843 square feet for $110,000! WOW!

You won’t find this much home for this price anywhere in Lakewood. What a great investment this home will make.

Ammons Park Lakewood Condos are found northwest of Wadsworth and Jewell.

1765 s allison lakewood 80232 $110,000.00 est $

Beds: 2      Fin Sq Ft: 1843 Baths: 2     Year: 1985 # of Photos Avail: 0 V-tour Available:  No MLS #: 928366 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-315592avail9/10/10biddue on/before9/19/10@11:59pmortilsoldnotonlockbox buykeyfr… more… Click Here For Full Details & Pics Disclosures

 See all Denver HUD Homes here.

Thought I’d pass this article on. Remember, there are great financial incentives on HUD and Fannie Mae homes right now. You can search all Denver HUD Homes and Denver Fannie Mae Homes on our website.

 From the Denver Business Journal (link below):

The federal government will provide another $41.3 million in loans to Colorado homeowners struggling to make mortgage payments because of the bad economy, the U.S. Department of Housing and Urban Development said Wednesday.

The funds coming to this state are part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in July by President Obama. The new law created the Emergency Homeowners Loan Program (EHLP), administered by HUD, to provide $1 billion in loans.

Via EHLP, homeowners who have suffered income drops because they have lost their jobs, are underemployed, have medical problems or are at risk for foreclosure, may qualify for assistance for as many as 24 months. HUD plans to start taking applications for the new funds by the end of this year.

Read more: Struggling Colorado homeowners to get more loans from feds – Denver Business Journal

I was doing some research on Castle Rock Condos this morning, and saw that right now HUD has 3 homes listed starting at just $47,200! I’ve listed them below for you to check out. If you’d like more information, give our team a call at 303-726-1874:

Stonecreek Castle Rock Condos:

 It will be hard to find any home in Castle Rock for under $50,000. Check out this 1 bed / 1 bath condo that is open for owner occupant as well as investor bidding. Located just nortyh of Rock Park in Castle Rock,Stonecreek is a great area that you should definitely check out!

HUD Owned Home 532 oakwood castle rock 80104 $47,200.00

Beds: 1      Fin Sq Ft: 596 Baths: 1     Year: 1984 # of Photos Avail: 5 V-tour Available:  No MLS #: 910815 Listing Office: realty executives of aurora

Broker Remarks: hudhomesold___asis___byelectr.bidonlyfha#052-393522avail9/24/10 bid due on/before9/28/10@11:59pmortilsoldnotonlockboxbuy… Disclosures

 Plum Creek Castle Rock Condos:

We mentioned this condo a week ago, but now HUD has opened the bidding up to investors. with 2 bed, 2 bath and over 1,200 square feet, this $100,000 Plum Creek condo will make a great investment.

This complex is located just north of Plum Creek rd about a half mile east of I-25.

HUD Owned Home 1575 olympia castle rock 80104 $100,000.00

Beds: 2      Fin Sq Ft: 1234 Baths: 2     Year: 2004 # of Photos Avail: 5 V-tour Available:  No MLS #: 910811 Listing Office: realty executives of aurora

Broker Remarks: hudhomesold___asis___byelectr.bidonlyfha#052-342115avail9/24/10 bid due on/before9/28/10@11:59pmortilsoldnotonlockboxbuy… Disclosures

 Blackfeather Castle Rock Condos:

HUD Owned Home 479 black feather castle rock 80104 $103,500.00

Beds: 2      Fin Sq Ft: 1272 Baths: 2     Year: 2004 # of Photos Avail: 5 V-tour Available:  No MLS #: 910816 Listing Office: realty executives of aurora

Broker Remarks: hudhomesold___asis___byelectr.bidonlyfha#052-305387avail9/24/10 bid due on/before9/28/10@11:59pmortilsoldnotonlockboxbuy… Disclosures

 You can see these and all other Denver HUD Homes on our website.

 Our team sells many homes in the Green Valley Ranch Denver Homesarea. We have one listing on the market now and another home coming up next week.

In preparing for our new listing, I ran the numbers for the last six months an dhave pasted them for your review below.

Don’t forget to check out our current Green Valley Ranch Denevr Home:

5556 espana ct denver, CO 80249 Green valley ranch $149,900.00

Beds: 4      Fin Sq Ft: 1509 Baths: 3     Year: 2006 # of Photos Avail: 4 V-tour Available:  No MLS #: 908028 Listing Office: mb the brian petrelli team

Broker Remarks:  nice 4 bedrooms up house in green valley ranch. 2 community pools, golf course 3 blocks away, green valley rec ctr close… Disclosures

Green Valley Ranch Denver Homes:

Sold Statistics for the Past 6 Months:

“Based on information from Metrolist®, Inc. for the period April 2010 through September 2010

Note:

This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

Over the last year, our team has done a considerable amount of work helping clients buy and sell Powderhorn Littleton Homes. We’re always watching the market and keeping on eye on recent sales and active homes.

In pulling some information for a client, I recently pulled these market stats from the MLS and thought some of you may find them interesting.

As always, if you have questions on Powderhorn or any of the many Littleton Homes on the market, feel free to give me a call at 303-817-0209.

“Based on information from Metrolist®, Inc. for the period August 2009 through August 2010

Note:

This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

In our weekly analysis of Denver HUD Homes, we came across a few homes that are great deals, and open to investor bids as well as owner occupants.

 Harvey Park Denver Homes:

While a good deal at $155,000, this HUD home may be a little small for some. If it is, check out our HUGE, 2,294 square foot home in Harvey PArk for just $219,900. It’s the property at 2906 S Sheridan Blvd below.

HUD Owned Home 2624 s newton st denver 80219 $155,000.00

Beds: 2      Fin Sq Ft: 963 Baths: 1     Year: 1955 Acres: # of Photos Avail: 0 V-tour Available:  No MLS #: 928394 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-319834avail9/10/10biddue on/before9/19/10@11:59pmortilsoldnotonlockbox buykeyfr… Disclosures

2906 s sheridan blvd denver, CO 80227 Harvey park $219,900.00

Beds: 5      Fin Sq Ft: 2294 Baths: 2     Year: 1956 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 929783 Listing Office: mb the brian petrelli team

Broker Remarks: finished complete living area downstairs with separate entrance, 2bd, new kitchen. separate elec box. updated. ll bdrms … Disclosures

Green Valley Ranch, Denver Homes:

 WIth 3 beds and 2 baths, this 1,520 square foot home is a great deal at $160,000. However, our team has a 4 bed / 4 bath home in Green Valley Ranch for $149,900. You can see it here: 5556 Espana Ct Denver CO

HUD Owned Home 5563 ensenada st denver 80249 $145,000.00

Beds: 3      Fin Sq Ft: 1520 Baths: 3     Year: 2005 Acres: # of Photos Avail: 1 V-tour Available:  No MLS #: 930745 Listing Office: exit one realty

Broker Remarks: as is hud property sold by electronic bid only. fha case # 052-457836 available on 9/17/10. bids due on/or before 9/26/1… Disclosures

 One more HUD Home in Green Valley Ranch:

HUD Owned Home 3903 ireland st denver 80249 $160,000.00

Beds: 3      Fin Sq Ft: 2186 Baths: 3     Year: 2000 Acres: # of Photos Avail: 1 V-tour Available:  No MLS #: 930760 Listing Office: exit one realty

Broker Remarks: as is hud property sold by electronic bid only. fha case # 052-435500 available on 9/17/10. bids due on/or before 9/26/1… Disclosures

 Another Green Valley Ranch Home:

UD Owned Home 4965 perth st denver 80249 $200,000.00

Beds: 4      Fin Sq Ft: 3176 Baths: 3     Year: 2002 Acres: # of Photos Avail: 1 V-tour Available:  No MLS #: 930768 Listing Office: exit one realty

Broker Remarks: as is hud property sold by electronic bid only. fha case # 052-487480 available on 9/17/10. bids due on/or before 9/26/1…  Disclosures

By now you know that our team does a lot of work selling Littleton Condos. We had our team meeting this morning and discussed the 5 Littleton HUD Condos on the market right now. Some of these units are price extremely well, and all of these units are eligible for investor bids.

Take a look at these condos and then call us to see them for yourself at 303-726-1874.

Dakota Station Townhomes, Littleton:

 Our team currently has a great 2 bedroom townhome listed in Dakota Station, but if you are looking for a one bedroom / studio, condo style unit, make sure you look at this home. For those of you unfamiliar with Dakota Station, It’s located near the southwest corner of Kipling and Chatfield Ave.

HUD Owned Home 9633 w chatfield littleton 80128 $40,000.00

Beds: 0      Fin Sq Ft: 405 Baths: 1     Year: 1984 # of Photos Avail: 1 V-tour Available:  No MLS #: 926173 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-430040avail9/3/10biddue on/before9/12/10@11:59pmortilsoldnotonlockbox buykeyfro… more… Click Here For Full Details & Pics Disclosures

Hickory Place Condos, Littleton: 

Found near Belleview Park, Hickory Place Condos offer very affordable condos ni the heart of Littleton. This 1 bedroom, 550 square foot home is priced under $50,000 and could make a very good investment.

HUD Owned Home 5250 s huron littleton 80120 $48,000.00

Beds: 1      Fin Sq Ft: 550 Baths: 1     Year: 1986 # of Photos Avail: 1 V-tour Available:  No MLS #: 910903 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-368546avail9/24/10biddue on/before9/28/10@11:59pmortilsoldnotonlockbox buykeyfr… more… Click Here For Full Details & Pics Disclosures

 Marina Pointe Condos, Littleton:

 Over the years, we’ve sold many homes in the Marina Pointe complex. Marina Pointe was built in several phases, and this 2 bed, 2 bath home is located in The Cay at Marina Pointe. With over 900 square feet, it will be hard to find a unit this size, in this nice an area at this price.

HUD Owned Home 8378 s upham littleton 80128 $80,000.00 est $

Beds: 2      Fin Sq Ft: 918 Baths: 2     Year: 1983 # of Photos Avail: 1 V-tour Available:  No MLS #: 926287 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-121099avail9/3/10biddue on/before9/12/10@11:59pmortilsoldnotonlockbox buykeyfro… more… Click Here For Full Details & Pics Disclosures

 Mountain Gate Condos, Littleton:

Mountain Gate condos have an amazing view of the foothills and are one of the best complexes in the southwest Littleton area. Right now, HUD has an amazing deal on a 3 bedroom, 1,400+ square foot condo for just $122,400! That works out to just over $87 a square foot!

HUD Owned Home 7379 s gore range littleton 80127 $122,400.00

Beds: 3      Fin Sq Ft: 1405 Baths: 3     Year: 1986 # of Photos Avail: 0 V-tour Available:  No MLS #: 920967 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-306764avail9/24/10biddue on/before9/28/10@11:59pmortilsoldnotonlockbox buykeyfr… more… Click Here For Full Details & Pics Disclosures

 Redstone Ridge Condos, Littleton:

 Perhaps the nicest condo complex in Littleton for under $200,000 is Redstone Ridge. Right now, HUD has a 3 bedroom unit in this fantastic neighborhood for $160,000. This complex is located just north of C-470 off of Kipling and is surrounded by new shopping and offers easy access to Chatfield State park, the foothills and more! 

HUD Owned Home 8427 s hoyt littleton 80128 $160,000.00 est $

Beds: 3      Fin Sq Ft: 1405 Baths: 2     Year: 2002 # of Photos Avail: 0 V-tour Available:  No MLS #: 928368 Listing Office: mb denver colorado realty

Broker Remarks: hudhomesold’asis’byelectr.bidonlyfha#052-274940avail9/10/10biddue on/before9/19/10@11:59pmortilsoldnotonlockbox buykeyfr… more… Click Here For Full Details & Pics Disclosures

 As always, see all Denver HUD Homes on our website.