April Market Update for Peregrine

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As your local 8z REALTOR and market expert, it is my pleasure to recap data and provide this market update for Colorado Spring’Peregrine neighborhood. Stay tuned each month as I post updated information on our market’s activity.

 

Market is picking up. School is coming to an end for the year, the weather is warming up and so are the sales in Peregrine. There was only one sale in February and in March we saw 8 properties sell. All eight properties that sold were under $500,000, however all 4 properties that are under contract are all at or above $500,000. We saw 6 new properties come on the market in March and it doesn’t seem to be slowing down anytime soon. Historically in Peregrine, the most activity is seen over the late spring and summer months. If you are thinking of selling now is the time.

 

Peregrine saw a huge jump in homes in March.

Peregrine saw a huge jump in homes in March.

 

 Homes sold in the 1st Quarter of 2014 in Peregrine:

 

Address Price Beds Baths Square Feet Cumulative Days on Market
8175 Spire CT $326,000 3 3 3,260 176
2565 Dunfries Ct $348,000 4 3 3,478 0
2525 Edenderry DR $350,000 6 6 5,638 0
2150 Kittridge AV $361,550 5 4 3,769 146
8140 Spire CT $361,900 5 4 4,078 56
2460 Clayton CT $380,000 4 4 3,980 225
7853 Fawn Meadow VW $395,000 4 3 3,471 119
2265 Shiprock WY $409,900 5 4 3,890 0
8005 Orchard Path RD $480,000 6 5 4,712 146

 

First quarter summary:

 

Average Sold Price $383,044
Median Sold Price $370,950
Average Cumulative Days on Market 108.5
Average Square Footage 4,100
Average Price per Square Foot $95

 

The interest rate has maintained in the mid 4% range. I think spring buyers will have the benefit of still being able to afford more house for their money.

 

Please call me if you need any assistance in Peregrine or elsewhere in Colorado Springs. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with any of your real estate needs in the community. You can always reach me at 719.359.8085 or candice@8z.com.

16875 Howlett Pl: A Coyote Run Review

16875 Howlett Place was reviewed over the past few days in the Coyote Run subdivision in Mead. Read below to find out more about 8z Real Estate’s take on this listing!

 

The Specs:

16875 Howlett Place, Mead

16875 Howlett Place, Mead

Address: 16875 Howlett Place, Mead, CO 80542

Price: $339,900

Bedrooms: 3
Bathrooms: 3
Original List Date: 1/18/2014

Style: 2 Story
Year Built: 2006

Total Square Feet:  4,463

Approximate Lot Size (Acres): 0.25

Location: Coyote Run

 

 

The Scoop:

 

Job Transfers have been a driving force for the Real Estate market for the last year, #1 with my clients, for sure. This home on the market appears to be the same situation. Built in 2006, The original owners have done a nice job maintaining and updating their home.

 

One of the nicest features of this home is that all 3 bedrooms are completely separated, creating privacy for each one. The main theme of this house is wide open spaces, and the large versatile loft upstairs echoes that feel. The family room/ Kitchen area is great for entertaining, or just hanging out with the family. The master bath also a huge positive for this house as it’s large and open, with tasteful neutral decorative tile. For those who would like room to grow, the basement is almost 1800 square feet with 9 foot ceilings. Wow!

 

The only drawback for this home is a split garage. 2 car garage on 1 side and 1 car side loaded. This may not bother some buyers, but the large cave feel of an all in 1 3 car garage is absent.

 

The selling price points in this neighborhood have been variable, ranging from 310- 340 in the last 6 months. The homes are similar in square footage and lot size, so variability points to open space lots, and condition. This home is in great condition so it should sell pretty quickly, and close to asking price. There are few homes in this price range in Mead, and none available currently. Continuing the trend of shortage across the front range, Mead is extremely limited on any property under $400K.

 

Currently the upstairs loft is un used, and its difficult for a buyer to place furniture in their mind with such a large space.

 

The Score:

Below are my overall ratings for 16875 Howlett Place, Mead, CO 80542:

Layout/Floor Plan: 4

Finishes: 4

Condition: 4

Curb Appeal/Landscaping: 4

Neighborhood/Outdoor Amenities: 3

Overall Value: 4

 

The listing agent for this property is Michael Nicholson with Home Savings Realty. For additional photos, a list of inclusions and the details on the home’s design features, click here to visit the property’s profile on 8z.com: 16875 Howlett Place, Mead, CO 80542

 

Need a market expert’s assistance? To check the status of this listing, or see other homes in the Mead area contact 8z REALTOR Ashley Bevan at 303-359-0457 or ashley.bevan@8z.com.

 

Have you viewed the home above? Do you agree with our listing review? Let us know! Please feel free to submit your comments below.

 

1250 Saint Paul St: A Congress Park Review

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1250 Saint Paul Street was reviewed over the past few days in the Congress Park neighborhood in Denver. Read below to find out more about 8z Real Estate’s take on this listing!

 

The Specs:

1250 Saint Paul St, Denver

1250 Saint Paul St, Denver

Address: 1250 Saint Paul Street, Denver, CO 80206

Price: $579,900

Bedrooms: 4

Bathrooms: 2

Original List Date: 4/22/2014

Year Built: 1908

Total Square Feet: 2,832

Location: Congress Park

 

 

The Scoop:

 

Another fix and flip or fix and live opportunity in Congress Park, on the same block!

 

My gut is that the asking price on this property is a direct correlation of the asking price of the unit 2 doors up the street which is under contract. When the other property closes, it might likely affect the price this property sells for. I for one will be keeping close watch, feel free to contact me and I will share my findings! 20140423_091846

 

The special qualities that stand out in this house are the wood details of a craftsman. That and the more standard front entry, unlike the side entry up the block. This offers a lovely front porch to enjoy the summer afternoons as you melt into the fact that you are at home in one of the top neighborhoods in Denver.

 

The burgundy carpet is covering wood flooring. When I peaked in a corner, it looks like oak. The age of the carpeting means the floors have not seen the light of day for several decades. There might be some surprises when pulled up, thanks to a family pet. I think of these stains as personality, personally!

 

Again, without knowledge as to the contract price of the property at 1260, I am just guessing that there might be some room between asking and selling price.

 

The kitchen could use a remodel, I would suggest taking the wall out to the dining room adding space to accommodate the refrigerator and stove which are presently in the middle of the small space and create no flow. The dishwasher is tucked into the corner so well, I can’t fathom how you easily load it!

 

The main floor bath is a plus, already installed. The shower reminds me of bathing in a Japanese ‘onsen’ which means it is not spacious!

 

The upstairs has pine flooring, and I would reconfigure the space for the addition of a master bed and bath. A favorite attribute I noticed was a laundry chute. I adore how the thought was put into the construction back in the early 1900′s!

 

Two expensive costs have been addressed already, a newer boiler, and a newer roof. As I do with all properties built around this age, a sewer scope is highly suggested as an item to inspect should you be the lucky one to put a contract in on this property.

 

Once this property is updated, it will be a winner! One important thing a prospective buyer should take close investigation is cost of updating. At this asking price, with the monies that are needed to update, there is a strong possibility to over improve for the neighborhood.

 

Do I think it will have competing offers at this price? Absolutely not. Add in the price of 20140423_091824renovating the kitchen and appliances, and bathrooms, and you will have spent a pretty penny. Then there is all the rouge and makeup needed (thinking you might want to get rid of walls of wall paper and add some paint, lighting fixtures and window coverings!)

 

Once finished, the new owner will never want to move!

 

 

The Score:

Below are my overall ratings for 1250 Saint Paul Street, Denver, CO 80206:

Layout/Floor Plan: 3

Finishes: 2

Condition: 2

Curb Appeal/Landscaping: 3

Neighborhood/Outdoor Amenities: 5

Overall Value: 2

 

 

The listing agent for this property is Joni Jagger with Coldwell Banker Residential 24.  For additional photos, a list of inclusions and the details on the home’s design features, click here to visit the property’s profile on 8z.com: 1250 Saint Paul Street , Denver, CO 80206

 

Need a market expert’s assistance? To schedule a viewing for this home, check the status of this listing, or see other homes in the Congress Park neighborhoods contact 8z REALTOR Leslie Resnick at 303.503.6818 or leslie@8z.com.

 

Have you viewed the home above? Do you agree with our listing review? Let us know! Please feel free to submit your comments below.

 

Weekly Update: Erwin Homes Sold April 16-22

erwinSOLD

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on properties in the Erwin area of Loveland that sold in the past seven days.

 

Just one home sold this week.

Enchantment Ridge

 

4543 Obrien Dr Loveland, CO 80538

Sold for $332,000 – 3497 total sf, 5 bed 3 bath, 2005 Single Family

 

If you have any questions or are curious about your home’s value, we can help! Reach us at 970-237-4646 or clientcare@8z.com.

 

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Weekly Update: Rock Creek Homes Sold April 16-22

rockcreekSOLD

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on Rock Creek homes that sold in the past week.

 

One home sold in Rock Creek:

 

2855 Rock Creek Cir Superior, CO 80027

Sold for $329,900 – 2748 total sf, 3 bed 3 bath, 1999 Condo / Townhome

 

Have any questions or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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Weekly Update: Roxborough Homes Sold April 16-22

roxSOLD

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on Roxborough homes that sold in the past week.

 

2 homes sold this past week in Roxborough.

 

7585 Halleys Dr Littleton, CO 80125

Sold for $256,000 – 2112 total sf, 3 bed 3 bath, 1991 Single Family

 

10391 Stable Ln Littleton, CO 80125

Sold for $555,000 – 5118 total sf, 4 bed 4 bath, 2004 Single Family

 

Have any questions or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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Weekly Update: Evergreen Homes Sold April 16-22

evergreenSOLD

 

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on Evergreen homes that sold in the past week.

 

6 homes sold, ranging from $325,000 to $675,000.

 

1923 Interlocken Dr Evergreen, CO 80439

Sold for ? (looks like agent entered wrong price) – 2594 total sf, 4 bed 4 bath, 1986 Single Family

 

7565 Brook Forest Ln Evergreen, CO 80439

Sold for $325,000 – 2050 total sf, 3 bed 3 bath, 1998 Single Family

 

45 Oak Way Evergreen, CO 80439

Sold for $360,000 – 2032 total sf, 3 bed 3 bath, 1980 Single Family

 

2431 Pinehurst Dr Evergreen, CO 80439

Sold for $454,000 – 3584 total sf, 4 bed 4 bath, 1978 Single Family

 

6735 Olympus Dr Evergreen, CO 80439

Sold for $559,000 – 2708 total sf, 2 bed 3 bath, 1981 Single Family

 

30200 Troutdale Scenic Dr Evergreen, CO 80439

Sold for $675,000 – 3521 total sf, 4 bed 4 bath, 1989 Single Family

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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Weekly Update: Wash Park Homes Sold April 16-22

washparkSOLD

 

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on Washington Park homes that sold in the past week.

 

4 homes sold, ranging from $152,000 to $770,000.

 

20 So Logan St 303 Denver, CO 80209

Sold for $152,000 – 588 total sf, 1 bed 1 bath, 1965 Single Family

 

871 So Sherman St Denver, CO 80209

Sold for $331,000 – 1714 total sf, 2 bed 2 bath, 1929 Single Family

 

693 So Ogden St Denver, CO 80209

Sold for $500,000 – 2052 total sf, 3 bed 2 bath, 1922 Single Family

 

372 So Downing St Denver, CO 80209

Sold for $770,000 – 2935 total sf, 4 bed 4 bath, 1925 Single Family

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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Weekly Update: Homes Sold in Highlands April 16-22

highlandsSOLDfinal

Want the latest info on what homes are selling for in your neighborhood? Here’s the scoop on homes in the Highlands that sold in the past week.

 

This week, 15 homes sold throughout the Highlands, ranging from $256,000 to $849,900.

 

Lower Highlands

 

3657 Pecos St Denver, CO 80211

Sold for $325,000 – 1768 total sf, 1903 Income Property

 

2640 Central Ct 202 Denver, CO 80211

Sold for $379,000 – 1153 total sf, 2 bed 2 bath, 2011 Condo / Townhome

 

2724 W 35th Ave Denver, CO 80211

Sold for $420,000 – 1428 total sf, 4 bed 2 bath, 1928 Single Family

 

2919 W 33rd Ave Denver, CO 80211

Sold for $425,000 – 2615 total sf, 5 bed 2 bath, 1908 Single Family

 

West Highland

 

4630 W 33rd Ave Denver, CO 80212

Sold for $358,000 – 1697 total sf, 3 bed 2 bath, 1906 Single Family

 

3340 W Hayward Pl Denver, CO 80211

Sold for $408,500 – 1505 total sf, 3 bed 2 bath, 1891 Single Family

 

Sunnyside

 

4243 Wyandot St Denver, CO 80211

Sold for $331,000 – 2143 total sf, 3 bed 2 bath, 1954 Single Family

 

Berkeley

 

4326 Wolff St Denver, CO 80212

Sold for $385,500 – 1325 total sf, 2 bed 1 bath, 1921 Single Family

 

4137 Vrain St Denver, CO 80212

Sold for $421,500 – 2027 total sf, 3 bed 4 bath, 2002 Single Family

 

4411 Vrain St Denver, CO 80212

Sold for $625,000 – 3231 total sf, 4 bed 5 bath, 2013 Single Family

 

4125 Quitman St Denver, CO 80212

Sold for $849,900 – 3603 total sf, 5 bed 4 bath, 2014 Single Family

 

Sloan’s Lake

 

2842 Irving St Denver, CO 80211

Sold for $256,000 – 1124 total sf, 2 bed 1 bath, 1908 Single Family

 

2675 Perry St Denver, CO 80212

Sold for $307,500 – 1200 total sf, 3 bed 1 bath, 1929 Single Family

 

3451 W 20th Ave Denver, CO 80211

Sold for $460,000 – 2895 total sf, 3 bed 4 bath, 1997 Single Family

 

3068 W 27th Ave Denver, CO 80211

Sold for $622,000 – 3226 total sf, 4 bed 4 bath, 2013 Single Family

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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913 Burgundy Court, Fort Collins: A Four Seasons Review

913 Burgundy Court was reviewed over the past few days in the Four Seasons neighborhood in Fort Collins. Read below to find out more about 8z Real Estate’s take on the listing!

 

 

The Specs:

913 Burgundy Court

913 Burgundy Court

 

Address: 913 Burgundy Ct, Fort Collins, CO 80526

Price: $265,000

Original List Date: 4/18/2014

Style: Two-story

Year Built: 1980

Total Square Feet: 1,628

Approximate Lot Size Square Feet: 5,775

Bedrooms: 4

Bathrooms: 2

Location: Four Seasons

 

 

The Scoop:

 

 

The owner of 913 Burgundy no longer lives here but has tenants who appear to take pretty good care of the place. When I spoke with the owner he mentioned that one of his favorite features of this home was the green belt and walking trail that is adjacent to the property. After previewing this house for myself I could certainly see what he was talking about. The fenced yard offers a nice private setting and will peak the interest of those who enjoy entertaining outdoors. The deck looked like it might need a little repair but other than that there is not much to complain about with the yard. There are a couple features that some buyers will object to. The kitchen does showcase newer cabinets & stainless appliances but it is a small galley style kitchen that will not thrill anyone who likes to cook. Another big objection that most will have is that the master bedroom has the only bathroom on the main level. I would imagine that most will really struggle with the idea of company having to go upstairs or through the master to use a restroom.

 

 

I would think that the home at 913 Burgundy will appeal most to a younger individual or couple that has a minimalist kind of mindset. The layout and floor plan is far from the most functional in the neighborhood but there is a lot to be said for the “move-in” condition that this place offers in today’s market.

 

 

A good comparable that I’m sure this owner was using is the home that sold at 919 Arbor Ave on January 14th. That property was listed at $275,000 and ended up selling for $260,000. To read more about that sale check out the Sold Review in the Home Hub section.
913 Burgundy Ct is essentially the same house as 919 Arbor Ave. The price of $265,000 certainly does feel like a lot to ask for something with the type of functional issues this floor plan has but with the current lack of supply and demand for “move in” ready housing now is the perfect time for this owner to sell.

 

 

The Score:

 

Below are our overall ratings for 913 Burgundy Ct, Fort Collins, CO 80526:

Layout/Floor Plan: 1

Finishes: 4

Condition: 3

Curb Appeal/Landscaping: 3

Neighborhood/Outdoor Amenities: 4

Overall Value: 2

 

The listing agent for this property is Susan Kerr with Kerr Realty. For additional photos, a list of inclusions and the details on the home’s design features, click here to visit the property’s profile at 8z.com: 913 Burgundy Ct. Fort Collins, CO 80526

 

 

Need a market expert’s assistance? To set up a showing to see this home contact 8z Broker Brandon Bidwell at 970-215-1573 or bidwell@8z.com.

 

Have you viewed the home above? Do you agree with our listing review? Let us know your comments below!