Lot 7 of 17:
0.21 Acres, Pueblo County-Colorado City, CO  
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Lot closed - unsold

 

 

THIS IS A BID & ASSUME ITEM.
The winning bid will be the DOWN PAYMENT on the Property!

 

Your DOWN PAYMENT will be deducted from the assumable balance of $4900!  The New reduced price now is $2,000!

 

Your payments will be $99 month at 8.5% plus a one time processing fee of $199 and a 15% buyer's premium. 

 

Guaranteed Financing is offered by the seller to the winning bidder!
Guaranteed Free & Clear Title!

 

Owner Financing!        No Credit Checks!        No Qualification to Own! 

 

 Colorado City
This beautiful community, located in the Historic Greenhorn Valley is nestled against the San Isabel National Forest, at the foot of the wet mountains in Colorado’s Southern Rockies. Colorado City is a recreational community that boosts views of Greenhorn Mountains, and Pikes Peak.

Recreation
Colorado City takes pride in its 27 hole Golf Course, beautifully located at the base of Greenhorn Mountain. Hollydot Golf Course has much to offer including; a full line pro-shop, driving range, full service restaurant & bar. Greenhorn Meadows Park offers Public Campgrounds, while Lake Beckwith Park is 70-acre lake, that is not only stocked for fishing, but offers a wide variety of outdoor activities. Canoes, pedal boats, kayaks and electric trolling motors are commonly seen on the lake. Beautiful Lake Pueblo State Park is only about 30 minutes away, offering boating, water skiing, hiking and fishing and camping.

Terrain & Building
The terrain is level and covered with native grasses and sage brush. Excellent building site for a home or cabin, and site-built homes, mobile homes and manufactured homes are permitted, and campers and RVs are allowed on a temporary basis. This lot is close to the lake, with views of the outdoors and mountains. There are no association dues.

Location
Colorado City is located in Pueblo County, approximately 30 minutes from the City of Pueblo, and 90 miles from Colorado Springs. Colorado City is located at exit 74 on I-25. I-25 is the major highway to Pueblo, Colorado Springs, & Denver.

THIS LOT WILL SELL AT A FRACTION OF THE PRICE FOR SIMILAR LAND IN COLORADO. The State of Colorado, north of Pueblo, has seen a housing boom and price increases over the last 10 years. A golf course community lot, with nearby access to the National park recreational opportunities, would cost $50,000 to $100,000 or more.

Comparables
Homes Sold with Lot & Price


Sold Price

Address

$237,000

Lot 207 Unit 5

$295,000

Lot 288 Unit 8

$242,000

Lot 692 Unit 5.

$235,000

Lot 382 Unit 5

Buildable Lot Sales:


Sold Price

Address

Date

$25,000

Lot 698 Unit 1

May 2006

$15,500

Lot 16 Unit 4

Nov 2005

$9,000

Lot 1 Unit 16

Aug. 2006

$12,000

Lot 1217 Unit 1

Aug 2006

$16,800

Lot 470 Unit 5

May 2006

$14,300

Lot146 Unit 13

May 2006

CHEAP LAND PRICES AND AVAILABLE WATER HAS CREATED THE BEGINNING OF A HOUSING BUILDING BOOM. Get in on the ground floor. This community was established in the 1970's. Infrastructure, utilities, lake, recreation center, golf course were constructed and served the community during the 1980,s - 2000. North of the City, in the Pueblo, Colorado Springs, and Denver areas, development was rapid. Meanwhile, Colorado City population was slowly growing to 1500. As Pueblo grew, jobs, technical, and college level school, and modern malls with shopping centers were established to serve the residents of Pueblo County. Colorado City and Rye built elementary, middle and high schools to provide educational facilities for the local residents. Water supplies and sewer treatment plants were built or expanded as the city began to grow again. New homes are being constructed - such as one on unit 5, lot 692 which sold for $242,000 as identified on the County Assessor's Report. Other new homes in clusters of 4 to 6 were constructed in 2004 with similar prices. As development proceeds, land prices will increase.

Item # 21452
APN Lot 429 Unit 31 Colorado City
Parcel Size (Approx) 0.21 Acres
Location Pueblo County-Colorado City, CO
Interest Rate 8.5% Type Undeveloped lot
    Liens None
    Sewer/ Septic None
Roads Dirt & Paved Property Taxes Less than $75 a year!
Dues None Deed Type Warranty
Zoning Recreation, Residential & more! County Phone  719-583-6597

 

Fabulous Vacation/Retirement Area-Affordably Priced

Categories: Bid & Assume

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Terms and conditions

Contract

Your Bid is a Contract.
 
Place a bid only if you're serious about buying the item. If you are the successful and winning bidder, you have entered into a legally binding contract to purchase the property bid on from the seller. You should contact the seller to resolve any questions before bidding.
 
Payment Commitment

YOU acknowledge that if you are the winning bidder, there will be an initial payment of $50 USD charged to your credit card on file.

You understand that this payment is to secure your purchase and will be deducted from your invoice total. You also acknowledge that you have three (3) business days to contact GovernmentAuction.com to arrange payment for the remaining balance.

If you do not contact GovernmentAuction.com you acknowledge that your credit card will be charged the remaining balance on the fifth (5) business day.

 
Payment Details
NOTE** Make sure before bidding that you read all the terms for the specific Lot you are bidding on.
 
Land - Straight Sale: What you bid is the price for this property plus a 15% buyer’s premium and low processing fee of $249.00. Most images are of the general area and may not be of actual property.
 
Land - Bid and Assume: Your bid is for the down payment and then you will assume the low balance/monthly payments noted in the terms section of the property you have won plus a 15% buyer’s premium and a low processing fee of $199.00. Most images are of the general area and may not be of actual property.
 
We charge $6 per month collection fee - yearly taxes will be prorated over 12 months. The Collection fee and yearly taxes will show on your payment coupon along with your monthly payment.
 
Taxes
Local Taxes Apply
 
Terms and Conditions
All parcels must be paid for within 5 working days by the respective purchaser. A few properties will be offered as Bid and Assume sales. Your bid on these types of properties is your down payment, you then will assume the low balance and low monthly payment (noted in the terms on that specific property). You will be able to identify these foreclosure properties by their listing lines (Bid and Assume with monthly payment). GovernmentAuction.com will prepare all paperwork to insure a proper transaction. Once paid in full, property will be deeded by legal binding warranty deed.
 
Online Bidding
You are required to keep your login information in a safe and secure location. For this reason, the person posting bids online is assumed to be the account holder. Bids may be retracted up to 1 hour before the start of auction, however anytime thereafter, your bid is your contract.