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  • Boulder Drive & Rock Road Pagosa Springs, CO 81147
  • Vacant Land / REO Foreclosure

Property Details

Facts

Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Leland Riley, Jann C Pitcher Real Estate, OFF: 970-731-4065, leeriley@isellpagosa.com, www.isellpagosa.com: This Residential Multi-Family site is zone R-12 which could potentially allow for up to 54 residential units. The property itself is 4.52 acres and is ideally located behind Sears and the Centerpoint Church; close to shopping, restaurants, churches, and the hospital. The mountain views are tremendous. Original developer invested approximately 1.5 million dollars into the land and infrastructure. Currently utilities are in to the site, including a 4" water meter hookup, and water and sewer lines for the first 38 units. $23.50 per month for one tap and $10.00 per month for sewer availability. This property is currently bank owned and the price has been slashed in half from the last time on the market in 2011.This foreclosure home is vacant land located in Pagosa Springs. It offers in size, beds and baths. Review its detailed information and determine if this Pagosa Springs foreclosure has the qualities you are looking for.

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Property Brokerage: Jann C Pitcher Real Estate 2261 Eagle Drive Pagosa Springs CO 81147


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