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280 Lodge Pole Circle
Silverthorne, CO 80498
$1,299,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2578
Property Description
Tucked away on a quiet street at the base of Buffalo Mountain, this 4-bedroom home is sure to impress from front to back. The property begins with the south-facing driveway for all-day sun and easy snow removal, a covered front porch, and an attached 2-car garage with added storage. Upon entering the home, you'll be welcomed by the large and open main floor that includes a living room, kitchen, dining room combo, as well as a tile entryway, bathroom, laundry room, and access to the most magnificent back porch. Enjoy outdoor living at its finest on the oversized back porch that overlooks a very private, wooded setting and includes a large hot tub and gas firepit for relaxing, along with a gas grill and plenty of space for seating and outdoor dining. Upstairs, you can begin with the primary bedroom that offers vaulted ceilings, large windows with views towards the Continental Divide, and a full bathroom with double vanities, walk-in shower, and a jacuzzi tub. The 2nd upstairs bedroom offers stunning views as well, and includes a walk-in closet. The 3rd upstairs bedroom is a bunk room, and there is a full bathroom conveniently located in the upstairs hallway. The basement level includes a 2nd living area, full bathroom, large 4th bedroom, and walk-out access to a small fenced area for pets. This home is fully furnished, and ready to start enjoying immediately. If access to the great outdoors is what you want, then the amazing location of this property is not to be overlooked. Located just steps away from Eagles Nest Wilderness and the White River National Forest, you can spend a lifetime exploring the endless miles of trails including favorites like the Gore Range Trail, Royal Buffalo Trail, and Lily Pad Trail just to name a few. Besides the 'walk out your door access', this property is also conveniently located just a few miles from I-70 and US-6 for easy access to all the local resorts.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
S1046178
Location
Address
280 LODGE POLE CIRCLE
City
Silverthorne
State
CO
Zip Code
80498
County
SUMMIT
Listing
Provider
Paffrath & Thomas, Inc., original listing
Name
Paffrath & Thomas, Inc.
Phone
(970) 453-0466
Office Name
Paffrath & Thomas R.E.S.C
Office Phone
(970) 453-0466
Agent Name
Kevin Broadrick

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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.

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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.