$352,571 EMV

3 Beds   2 Baths   1,456 Sq. Ft.
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Mineral Springs Cir
Parachute, CO 81635

Overview

This Preforeclosure is located at Mineral Springs Cir, Parachute, CO 81635. It has 3 Beds 2 Baths , 1,456 sqft of living space. This property is currently in auction with an estimated market value of $352,571.
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Status: Active
Listing ID: 63952360
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Learn about Mineral Springs Cir in Parachute, CO

This property is available as a preforeclosure at Mineral Springs Cir. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,456 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Parachute, specifically for Mineral Springs Cir and comparable listings. Based on this expert analysis, the estimated market value is $352,571. If purchased for rental purposes, the monthly rental rate could range between $1,291 and $1,570, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Mineral Springs Cir are updated daily along with others in Parachute, Colorado, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Mineral Springs Cir below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Mineral Springs Cir in Parachute Colorado Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Mineral Springs Cir
View Preforeclosure Status
07/29/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Mineral Springs Cir Parachute CO 81635

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Parachute, CO like?

Parachute, Colorado, is a small town located in the western part of the state, nestled in a picturesque valley surrounded by stunning mountain landscapes. The area is known for its outdoor recreational opportunities, with easy access to hiking, biking, and fishing, making it an ideal destination for nature enthusiasts.

For residents, Parachute offers a tranquil lifestyle with a close-knit community atmosphere. The town has basic amenities including restaurants, shops, and services while being a short drive away from more extensive facilities in nearby cities. Families appreciate the local schools and community events that foster a welcoming environment for newcomers.

The natural beauty of Parachute is complemented by its proximity to the Colorado River, providing opportunities for water-based activities like rafting and kayaking. With its stunning sunsets and scenic views, the area promotes a healthy, active lifestyle in a serene setting.

Nearby Schools

There are 3 schools in the area. Nearby schools include Parachute Elementary School and Grand Valley High School.

Parachute Elementary School
Grand Valley High School
Grand Valley Middle School

Nearby Attractions

There are plenty of activities near this property like Parachute Public Library, Parachute Recreation Center, and more.

Parachute Public Library
Parachute Recreation Center
Grand Valley Health Center

What kind of public transportation is there?


Public transportation options include: Greyhound Bus Service to Denver and Grand Junction, Local taxi services for inter-town transportation. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Parachute Community Park, Rifle Gap State Park and more.

Parachute Community Park
Rifle Gap State Park
Bennett Peak Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon Wireless
AT&T
T-Mobile

Internet Providers

CenturyLink
Comcast Xfinity
Skybeam
Rental Chart
View Rental and Market Value
for Mineral Springs Cir in Parachute Colorado
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Property Information

Public Records

Community & Neighborhood

This property in Parachute, CO is located in the Tamarisk Amd Flg 02 Subdivision.


Preforeclosure

The property located at Mineral Springs Cir in Parachute, CO is listed as a Preforeclosure

This listing located at Mineral Springs Cir in Parachute, CO could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Parachute, Colorado is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Parachute, CO, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Parachute, Colorado doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

Loan Information

Legal Information

Credit Information Center

Document Center

Rental Value

The estimated rental value for Mineral Springs Cir located in Parachute, CO is $1,430/month. Comparable homes around Mineral Springs Cir that are rentals have monthly ranges starting as low as $1,291 per month and as high as $1,570 per month. An owner looking to use this property as an investment could bring a return in the area of $1,291 - $1,570 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
07/29/25   Preforeclosure COLORADO HOUSING AND FINANC...
09/20/13 01/22/14 Preforeclosure WELLS FARGO BANK

Similar Homes Nearby Parachute, CO


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Mineral Springs Cir
Parachute, CO 81635

3 Beds   2 Baths   1,456 sq. ft.

$352,571 EMV

Status: Active Listing ID: 63952360

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Mineral-Springs-Cir-Parachute-CO-81635/63952360_lid

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