5430 Magnolia Street, Commerce City, CO 80022

$285,000
2
BD
1
BA
864
SqFt

Courtesy of Compass - Denver . felecia.montoya@compass.com,720-324-6753

Selling Office: Keller Williams DTC.

Sold Price
$285,000
List Price
$310,000
Closing Date
Oct 24, 2023
Type
Single Family Residential
Status
CLOSED
MLS Number
5462523
Bedrooms
2
Bathrooms
1
Finished Sqft
864
Above Grade Sqft
864
Total Sqft
864
Subdivision
Value Subdivision
Sub-Area
Value Subdivision
Year Built
1952

Property Description

GREAT OPPORTUNITY! PLEASE READ ALL REMARKS as there are two options available for how this property will be sold. OPTION 1) This property can be purchased by a FHA or Conventional buyer with a 203k renovation loan ONLY. Don’t let the current condition of the property fool you. An inspection by a Hud Certified Consultant is available in supplements with an estimated breakdown of MINIMUM costs to help you discover how easy it is to breathe new life into this property by financing the repairs and upgrades into the loan. Call me to find out more. Buyer must use a lender who has verifiable experience with 203k loans, (Mike Sherer with Fairway is our preference) AND have a licensed and insured GC ready to take on this project who is familiar with 203k renos. OPTION 2) CASH ONLY DEAL, please reference the inspection report in supplements for an idea of on the minimums of what need to be done. IMPORTANT TO NOTE that seller has zero capacity to remove anything from the property and has zero dollars to hire anyone else to remove anything. The property is being sold AS IS with all contents currently on and in the property with the exception of two vehicles that will be clearly identified in the official purchase contract. AMPLE time will be provided for any upfront due diligence that needs to be done on this property prior to accepting an offer. Enter property at your own risk, Seller assumes ZERO responsibility for injury. Back yard and garage are walking hazard so come prepared, take a close look at the aerial photos before showing. Property offers a central location with easy access to highway, shopping and entertainment. Don't miss the opportunity to renovate this home and build the equity.

Additional Information

Taxes
$1,090
School District
Adams 14
Elementary School
Rose Hill
Middle School
Kearney
High School
Adams City
Garage Spaces
3
Parking Spaces
3
Basement
Crawl Space
Type
Single Family Residence
Sewer
Public Sewer
Lot Size
9,900
Acres
0.23

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks


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