14 University Circle, Longmont
Square Feet: 2700
This foreclosure is located in the Longmont Estates neighborhood. It has been on the market for about 2 weeks and we have already seen a price drop from 225K to 214K. The interesting thing about this home is that many of the projects are already taken care of for the future flipper. The front room has beautiful wood floors that just need a bit of touch up work, the cabinets in the kitchen will not need to be replaced, and there is little damage that has been done to the home.
So what’s the rub? The resale value of a home like this in flipped condition is about 275K. That means for most investors, the numbers aren’t perfect yet. With a little negotiation or a price drop, this one is in the money though. This is one to keep an eye on.
If you have questions about this home, feel free to give us a shout at 303-956-7122!