A damaged Colorado Springs home, marketed as “a slice of hell,” sold well above its asking price and in less than a week after the property listing went viral.
“It was crazy,” said Mimi Foster, a local real estate agent with 30 years of experience. “Over a three-day period, we had over 500 text messages, 300 emails, 22 actual offers on hand and around 50 SMS offers. “
On Saturday morning alone, the real estate ad recorded more than 807,000 clicks on Redfin.
“If you dream of owning your own little piece of hell and turning it into a slice of heaven, look no further,” the list read, written by Foster.
The 3,598 square foot home at 4525 Churchill Court was valued at $ 590,000 on Tuesday.
The seller, who lives out of state, accepted an offer from a local couple in the neighborhood, Foster said.
“There were a lot of quick deals, but they (the buyers) are locals and that’s one of the reasons their offer was accepted,” Foster said. “The buyers grew up in the neighborhood, they have friends who are deadlocked. They are eager to restore it to its majestic glory. We didn’t take the highest offer, we took the best offer.
The Colorado Springs real estate market, like many parts of Colorado, is on fire. In May, single-family homes sold in nine days at 105% of the asking price on average, according to the Colorado Association of Realtors.
The Churchill Court house sold in four days. The buyer inspects the property on Sunday and it is under contract to close by July 9th.