Wednesday, December 22, 2010

5515 Flamboro Dr, Windsor CO - $217,500! Fossil Ridge, Freddie Mac Fixer Upper

http://im1.shutterfly.com/media/47a0cc03b3127ccefbb9057e620e00000030O00AatmzFo3as2IPbz4K/cC/f%3D0/ps%3D50/r%3D0/rx%3D550/ry%3D400/
REDUCED BIG TIME! 3 bed, 2.5 bath, 2507 finished sq ft over full unfinished basement, 3 car garage, built in 2007. This is a great opportunity to get a bargain home in a desirable subdivision called Fossil Ridge, but old listings have it as Fossil Ridge/Belmont Ridge (indeed the gate at the corner says Belmont Ridge). This beautiful ranch features some high-end finishes, a huge master suite w/ 5 pc master and 2 walk-in closets, fireplace, main level laundry, 3 car garage and more. Surrounded by homes costing $100,000+ more, assessed for $444k. This property has structural damage throughout and appears to have been constructed without regard to soil type. Cash or construction loan likely to be only way to purchase. Scope the pictures to check out the cracks throughout the basement and the subsequent heaving and separation of the drywall throughout the home.
Pics start here: http://captainfantasy.shutterfly.com/14271
Video walkthrough:
I'll also say this - from the time I first looked at this house 3 or 4 months ago, I believe the cracks have grown! Be advised.  When we say there is structural damage, we are serious.  Call Crip Erickson with Realty Executives today for more info, ballpark estimates on repair, or a showing at 970-988-5634.  Thanks so much for looking!!

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