Mammoth Foreclosure of The Week | Chamonix #34

Chamonix #34 –– This newly listed condo could fall into several categories but the one that comes to mind is “crashpad,” but with a Canyon Lodge location. Yes, this is walk-to-the-lift location for most people; out the door and up Rainbow Lane. This is a 1-bedroom + loft property with 2 baths. The project has (large) internal hallways so no snow blowing in the doors and plenty of room for kids to run around! This condo is actually in pretty good condition. Some buyers could move right in. The carpeting is relatively clean but an atrocious color . The kitchen has tiled counters. The bathrooms are pretty original. The EPA verified insert is in place in the fireplace. But some buyers would just gut the whole thing. Besides location, the other bonus here is that Chamonix did a major assessment and renovation in the last decade so buyers would be buying on the “back end” of those major assessments, which is a great place to be. Chamonix also has a nice pool and spa area and recreation room. And the project does have conventional financing. This is also a Fannie Mae Homepath property so there is some special financing for those who qualify. Just listed at only $224,900.

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