Pending

Canoe Creek Dr

Colorado Springs, CO 80906

Your Buy Price: $399,995

Bedrooms: 4
Bathrooms: 3.5
2 Car Garage
Total SF: 3,279
Built in 1994
After Repair Value: $530,000
Fix Estimate (Flip): $30,000
Fix Estimate (Rental): $10,000

Property Overview

Today we are offering a 1994 two-story home with 3,279 sq ft containing 4 beds, 3.5 baths, and a fully finished basement on a 6,060 sq ft lot with a two-car attached garage and a two-car covered carport on a quiet street in the desirable Cheyenne Meadows South neighborhood of Colorado Springs. Buys this house at such a huge discount that you can add some paint and carpet with a little clean up and put it back on the MLS! Only 1 current active nearby! According to the seller, this house has newer exterior paint, a new roof, Champion windows, quartz countertops, freshly painted cabinet, a water heater, and an updated .5 bath. The home has a beautiful layout with a large living room with fireplace off the large kitchen, a family room, .5 bath, and a dining area on the main level with easy access to the nice back yard. Upstairs has the large main room with a full bathroom, two large bedrooms, and another full bath. The finished basement has one bedroom, a large living area, and a bathroom. This is a great opportunity in a desirable Colorado Springs neighborhood. The school district is Harrison, and taxes are $1,500.

Neighborhood : Cheyenne Meadows South is a desirable Colorado Springs neighborhood close to Cheyenne Mountain. This neighborhood is close to parks, the Zoo, restaurants, shopping, and Ft. Carson Airport, a lake, hiking trails, and easy access to I-25.

Deal Type: Wholesale
Property Type: SFR
Rent Estimate: $2,055
Est Close Date: 09/05/2024
SF Above Ground: 2,123
Basement SF: 1,156
Lot SF: 6,060
Zoning: SFR

Video Walkthrough

We have budgeted to fix a little part of the driveway, some landscaping clean-up, some paint, and new carpets, along with $5K in general, to put this for sale quickly. According to the seller, this home has a newer roof, champion windows throughout, quartz countertops, freshly painted kitchen cabinets, a newer water heater, exterior paint, and an updated half bath to hit or exceed our target ARV.


Landscaping/Yard: $1,000
Concrete Replacement: $2,000
Flooring: $15,000
Interior Paint: $7,000

Total Budget: $25,000


This two-story house has 4 bed, 3.5 baths. This is a 3,279 sq ft on a 6,060 sq ft lot with a two-car attached garage and two-car covered carport on a quiet street in the desirable Cheyenne Meadows South neighborhood of Colorado Springs.

This house is in the desirable Cheyenne Meadows South neighborhood. According to the seller this house has a newer roof, Champion windows, quartz countertops, matching appliances, newer interior and exterior paint, and an updated .5 bath. Freshen it up with some paint and new carpet, then list it on the MLS with just one active nearby comp.

Closing is scheduled for 09/05/2024.

4436 White Oak CT, Colorado Springs, CO 80906 Zillow

Located in the same subdivision this home sold for $530,000 in December at $20K over asking price. This is a 5 bed 3 bath ranch home with 2,620 sq ft and a two car attached garage. Subject is 3,279 sq ft. Two-story with 4 beds and 3.5 baths and a two car attached garage. Subject has .5 baths more and is 659 sq ft larger. This home has some updates.


1611 S Canoe Creek DR, Colorado Springs, CO 80906 Zillow

Located on the same street this ranch home sold for $507,000 in May for $7K over asking price in 4 days. This is a 4 bed 3 bath ranch home on a similar sized lot with a two car attached garage. This comp is 2,611 sq ft compared to the subject that is a two story with an extra bath and has 668 sq ft more. This comp was clean with basic features and in mostly original condition.


1425 Gumwood DR, Colorado Springs, CO 80906 Zillow

Located in the same subdivision this comp is pending at $499,000 and went U/C in 2 days. This is a 5 bed 3.5 bath split level home with 2,524 sq ft and a two car attached garage on a similar sized lot. This comp is 755 sq ft smaller than the subject. This comp has an updated kitchen but is mostly original.


1458 S Canoe Creek DR, Colorado Springs, CO 80906 Zillow

Located on the same street this comp went pending in 8 days at $468,000. This is a 4 bed 3.5 bath two story with a two car attached garage and a similar sized lot. This comp has 2,847 sq ft compared to subjects 3,279 sq ft. This comp is very dated and will require some updates.


Zillow

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