4590 Osage Drive, Boulder: A Frasier Meadows Review

4590 Osage Drive was reviewed over the past few days in the Frasier Meadows neighborhood in Boulder. Read below to find out more about 8z Real Estate’s take on this listing!

 

The Specs: IMG_20140723_105528_758

Address: 4590 Osage Drive, Boulder, CO 80303

 

Price: $559,900

 

Original List Date: 05/12/2014

 

Total Square Feet: 2,054

 

Bedrooms: 4

 

Bathrooms: 2

 

Location: Frasier Meadows

 

The Scoop:

 

1026 Osage is a 1960s-era bi-level located in Keewaydin/Frasier Meadows. This home has some nice upgrades and an open concept kitchen/living area.

 

Buyers will likely appreciate: the newer kitchen with updated cupboards, slab granite and tile backsplash, the deck off the kitchen overlooking the pretty back yard, outdoor access via the family room downstairs and the decently sized bedrooms (two up and two down).

 

Buyers will want to change: the dated bathrooms, the tight entryway and some of the aluminum windows.

 

This home is on a corner lot and has a fenced, private back yard with excellent southern exposure. The mature Golden Locust provides nice shade, but is in need of a serious branch trimming. I am definitely a lover of trees, but there are few ill-placed evergreens that I would want removed.

 

1026 Osage has 2054 square feet and most of it is finished space. There’s plenty of room for a family of four or five. This home would also be great for a single owner or couple who’d want space for roommates.

 

This house was listed on July 12. The list price is $559,900 ($275/SF). Buyers may hold off making full-priced offers based on the need for additional improvements.

 

The Score:

Below are our overall ratings for 4590 Osage Drive, Boulder, CO 80303

Layout/Floor Plan: 3

Finishes: 3

Condition: 3

Curb Appeal/Landscaping: 3

Neighborhood/Outdoor Amenities: 4

Overall Value: 3

 

 

The home is listed by Carrie Hill with Rocky Mountain Re Inc. 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: 4590 Osage Drive, Boulder, CO 80303

 

Want a status update or 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 area contact 8z REALTOR Sara Oclassen at saraoclassen@8z.com or 303.818.1998.

 

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

 

1369 Garfield Street, Denver: A Congress Park Review

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1369 Garfield 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 the listing!

 

The Specs:

1369 Garfield Street

1369 Garfield Street

Address: 1369 Garfield Street, Denver, CO 80206

Listed for: $495,000

Bedrooms: 3

Bathrooms: 2

Listed: 07/22/2014

Year Built: 1916

Total Square Feet: 1,983

Location: Congress Park

 

 

 

The Scoop:

After 30 years in the neighborhood and raising a family, the kids are grown and a desire to be closer to grandbabies is a draw.  This was not the house the family was raised in, but rather an investment property that first the daughter moved in to, and then the parents when down sizing.

 

Do you want to be close to Sprouts market? Bus lines? The fire station? Or possible, do you love claw foot tubs? Because this one has two!

 

But corners were cut on the renovated kitchen to be sure. And the bathroom could still use some upgrades to be expected at this price.

 

A three car garage, in Congress Park under 500k is a unique opportunity.

 

I do feel this was properly priced. Being across from apartments can make for more difficult parking on a street with a challenged parking situation to start with.
The 3rd bedroom doesn’t have a closet but does have a piece of furniture to provide hanging space.

The kitchen is great. The one upgrade I would prefer is a solid surface rather than tiles for the counter top.

 

There is a bit of movement I saw in the NW corner, so as always, I suggest an inspection, as well as sewer scope. It was built in 1916, I do believe it stands straighter than I and I am a fraction of that age!

 

The basement is a storage area in my opinion. Low ceiling height throughout.

 

The yard is delightful. I believe the seller is a lover of hydrangeas, and is sharing her hard work with the new homeowners.

 

I think this is priced so that it will sell quickly.

 

The Score:

Below are my overall ratings for 1369 Garfield Street, Denver, CO 80206:

Layout/Floor Plan: 3

Finishes: 3

Condition: 3

Curb Appeal/Landscaping: 3

Neighborhood/Outdoor Amenities: 5

Overall Value: 3

 

The listing agent for this property is Ann Atkinson with Fuller Sotheby’s International 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: 1369 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.

 

775 Morgan Dr, Boulder: A Park East Square Review

775 Morgan Drive was reviewed over the past few days in the Park East Square area of the Aurora neighborhood in Boulder. Read below to find out more about 8z Real Estate’s take on this listing!

 

The Specs:      IMG_20140723_101651_127

Address: 775 Morgan Drive, Boulder, CO 80303

Price: $470,000

Original List Date: 07/16/2013

Total Square Feet: 2,001

Bedrooms: 3

Bathrooms: 2

Location: Park East Square area of Aurora

 

 

The Scoop:

 

With a list price of $470,000, 775 Morgan is currently the least expensive single family home available for sale (and not under contract) in south Boulder. It’s a solid house with some nice upgrades and in a good location. It would be a wonderful home for a family of 3 or 4.

 

Here’s what buyers will appreciate about this house: the real hardwood floors on the main level, the hip gas fireplace in the living room and the upgraded bathrooms (nice tile choices IMG_20140723_101711_705and Duravit commodes & bidets), the big, level fenced back yard and next door neighbor’s trampoline (the best kind – someone else’s).

 

Here’s what buyers may want to change: an updated kitchen would do wonders for this home. The cupboards are high quality – there’s just not enough of them. Incorporating the breakfast nook space into the kitchen would allow for more cupboards and counter space. Bringing those beautiful hardwood floors in would also make a big difference.

 

775 Morgan is in the Park East neighborhood with great schools, easy access to Foothills/US36 and central Boulder. The homes across the street do back to Foothills, so there’s definitely some background traffic noise that may eventually become white noise.

 

This is one of the few homes available in Boulder under $500,000. It was listed on July 16th. I anticipate it will be under contract soon.

 

The Score:

Below are my overall ratings for 775 Morgan Drive, Boulder, CO 80303

 

Layout/Floor Plan: 4

Finishes: 3

Condition: 3

Curb Appeal/Landscaping: 3

Neighborhood/Outdoor Amenities: 4

Overall Value: 3

 

 

The home is presented on the MLS by Gail Mock with Mock Realty Company. 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: 775 Morgan Drive, Boulder, CO 80303

 

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 area contact 8z REALTOR Sara Oclassen at saraoclassen@8z.com or 303.818.1998.

 

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

 

250 Columbine St Is Coming To Cherry Creek

photo (6)

 

Cranes are in the sky, construction is under way and 250 Columbine St is coming to Cherry Creek!

 

250 Columbine St is a mixed-use development project that will include retail, residential and office space. The residential component will feature 71 luxury condominium residences on the 2nd – 7th (penthouse) floors and anticipated delivery is summer of 2015.

 

photo (5)

 

Available units include 1, 2 and 3 bedroom luxury condos.  Each unit comes complete with its own private balcony or terrace.  In addition, reserved parking spaces in the covered garage are sold with the units. The common areas feature a fitness facility, community pool, rooftop deck area and more.

 

Prices for a 1 bed/2 bath, 912 sq ft start at $450,000 or $492/sq ft and prices for a 3bd/4bath, 2,494 sq ft condo go up to $2,125,000 or $852.04/sq ft.

 

Yes! That’s right; prices are from $492 to $800+ per square foot, which is far above the average of approximately $300 per square foot. Within the last 6 months, out of 111 attached dwellings sold in Cherry Creek, only 5 attached dwellings sold over $500/sq ft, or less than 7% all sold listings.  (The residences included: 105 Fillmore St #201, #203 and #207, 333 S Monroe St, #605 and #606, 100 Detroit St #502 and 251 Steele St, #2S).

 

photo (4)

What’s even more impressive is that more than 50% of the units originally available units at 250 Columbine St have already sold.  You guessed it, home buyers are willing to pay top dollar for new construction Cherry Creek.

 

How will this development affect home prices in Cherry Creek? I don’t anticipate an immediate effect on resale home values in Cherry Creek.  However, as several of the mixed-use developments in the Cherry Creek complete construction in 2015 and 2016, residential inventory may tighten as employees move to the area.  At that time, Cherry Creek will likely see an increase in home value as a result of restricted inventory to meet Buyer needs. Overall, I see 250 Columbine Street continuing to raise the bar in terms of luxury living in a neighborhood where the standard is already set high.

 

 

Current Rental Rates In Cherry Creek

photo (2)

 

If you own an investment property or if you’re thinking of renting out your Cherry Creek home, this post is for you.

 

According to the Colorado Division of Housing, average rent during the first quarter 2014 was up 8.0% over last year’s first-quarter average rent.  The vacancy rate in metro Denver measured at 5.1% in May 2014.  A vacancy rate of 5% or below suggests a tight market.

 

As far as Cherry Creek is concerned, rent growth has accelerated pushed along by metro Denver job growth that continues to outpace new construction.  Multifamily construction and new apartment buildings near Colorado and Alameda have pushed vacancies up slightly, but it hasn’t been enough to push average rents down.

 

photo (3)

 

Here is a look at current Cherry Creek rental rates:

 

In Summary:


1 bedroom/1bathroom: $1,400 – $1,600/month
2 bedrooms/2 bathrooms: $2,300 – $2,600/month
3-4 bedrooms/ 3-4 bathrooms: $3,400 -$3,800/month

 

 

Of course, when considering rental rates, adjustments need to be made for specific buildings and amenities.  For example, a 1 bed/1 bath condo located at 2 Adams St (an older building, built in 1974 with a pool and fitness area) may rent as low as $1,100/month.  In contrast, I’ve recently seen a 1 bed/1 bath condo listing at The Residences at Fillmore Plaza for $2,975/month.  The Residences at Fillmore Plaza is a brand new community in the heart of Cherry Creek North featuring homes with walk-out balconies, north facing views of Denver, covered access to Pure Vida Health Club.  To state the obvious, luxury amenities demand premium rental rates.

 

Of course, numbers change daily as inventory turns.  In addition, rental rates follow the buy/sell market real estate trends in Colorado and are highest from April – July and lowest between October – January. Landlords should maximize rental income by starting and ending leases in the Spring and Summer months. In other words, if you’re on the fence today, lease your property before the winter months come around.

 

photo (1)

 

Here is a detailed breakdown of a few current rentals in Cherry Creek:

 

1 bedroom/1 bathroom

Average Price, Square Ft = 2.11


Sq Ft Monthly Rental Rate Average Price/Sq Ft
611 sq ft, $1,490 $2.44
814 sq ft, $1,500 $1.84
879 sq ft, $1,865 $2.12
995 sq ft, $2,020 $2.03

 

 

2 bedrooms/2 bathrooms

Average Price/Sq Ft = $1.87


Sq Ft Monthly Rental Rate Average Price/Sq Ft
1,219 sq ft, $2,195 $1.80
1,297 sq ft, $2,500 $1.90
1,429 sq ft, $2,500 $1.74
1,344 sq ft, $2,750 $2.04

 

 

3-4 bedrooms/2-3 bathrooms

Average Price/Sq Ft = $1.04


Sq Ft Monthly Rental Rate Average Price/Sq Ft
3,125 sq ft $3,560 1.14
3,807 sq ft $3,600 0.94
3,696 sq ft, $3,900 1.06

 

 

 

See this Denver home before it hits the MLS!

In this low inventory market, it’s always great to know about homes before they come on the market! The home below is currently available for sale in Denver. It is not yet on the MLS, but will be soon! Please reach out to Amy Terry for more information on the home at 303.882.3954.

 

5439 S Dover Street Unit 203 Denver, CO 80123

$175,000 | 2 bed | 2 bath | 955 total sf | Condo

1598150-1
Gorgeous unit, on open space, in desirable gated community.Updated throughout.Newer flooring, light fixtures, hardware, and granite counter tops.Spacious bedrooms and closets.Detached garage for parking and storage.All appliances included.

 

This home is not yet in the MLS, but will be soon. Contact Amy Terry at 303.882.3954 for more information. We welcome other agents! We Co-op!

 

Renovating Old Town Louisville Homes: 2nd Edition

before-after

 

This house is one of my favorite renovations in Old Town. Hillery and Jeff kept the small town charm by keeping the front of the bi-level home as it was, but added a master suite, laundry room and garage to the back. They added 1200 square feet for an approximate total of 2954 square feet.

 

It isn’t just the added square footage; it is the small details like the beautiful new fireplace, the butler’s pantry, and the laundry room! The sitting area that is off of the master bedroom is a great addition as it is perfect for a computer or reading area, and the pocket doors are perfect for closing off the noise of the train. The use of the outside area is also so thoughtful with the seating areas both up and downstairs, right outside of the living room there is a small deck that houses the herb garden, and my favorite outside area is in the backyard, it’s called the “Urban Garden” and it is brilliant!

 

I did a little Q&A with them so they could share the experience they had in renovating their Old Town home. I hope you enjoy reading about Hillery and Jeff’s home and checking out the before and after pictures as much as I did!

 
Jessica Charlesworth: What made you decide to remodel a home in Old Town Louisville?

Hillery and Jeff: We looked at several walkable communities such as Washington Park and the Highlands. Hillery was familiar with Louisville and convinced Jeff it would be a great place to live.

 

JC: How did you decide on this home to remodel?

H&J: We had been looking around Louisville for nearly 24 months and had visited a property right across the street when we saw for For Sale sign placed in front of the house. We could see the potential of adding on a master bedroom and a garage while still keeping the small house charm.

 

JC: Who did you use as a contractor and architect?

H&J: We used DAJ, Andy Johnson as our architect. Andy really understands the Louisville vibe. He was very creative, involved and collaborative. He introduced us to several builders including, Tom Ramsey of Westmark, who we selected as our General Contractor.

 

JC: How long did your remodel take?

H&J: Approximately 8 months. We broke ground at the start of July 2013 and completed the remodel by mid- March 2014.

 

JC: What did you enjoy about the process?

H&J: Working with Andy and coming up with new ideas and changes as the process evolved.

 

JC: What was the most difficult aspect of the process?

H&J: Coordination of schedules for the subcontractors was a challenge. If one contractor was delayed for any reason, it had a ripple effect on the schedule for all of the other subcontractors. For example, when the cabinets were late, the countertops and plumbing had to wait.

 

JC: If someone were thinking of remodeling in Old Town Louisville what advice would you give them?

H&J: Be patient, be collaborative, but also be verbal and assertive about what you want and need.

 

 

 

 

 

See this home in Denver before it hits the MLS!

In this low inventory market, it’s always great to know about homes before they come on the market! The home below is currently available for sale in Denver. It is not yet on the MLS, but will be soon! Please reach out to Felecia Monotya for more information on the home at 720-324-6753.

 

2985 S Zuni Street, Denver, CO 80236

$145,000 | 2,479 total sf | 2+ beds | 2+ baths | Single Family

1598147-1

Investors Dream! This house has been torn down to the studs and is completely exposed. No secrets. Just come in and start the remodel. Needs everything.

This home is not yet in the MLS, but will be soon. Contact Felecia Montoya at 720-324-6753 or felecia.montoya@8z.com for more information. We welcome other agents! We Co-op!

 

See this Superior home before it hits the MLS!

In this low inventory market, it’s always great to know about homes before they come on the market! The home below is currently available for sale in Superior. It is not yet on the MLS, but will be soon! Please reach out to Brad Klein for more information on the home at 303-931-7041.

 

1226 Amherst Way, Superior, CO 80027

$474,900 |  4 bed | 3 bath | 3176 total sf | Single Family Home

1226 Amherst Way

1226 Amherst Way

Peacefully situated on an 8 home cul-de-sac and backing to association greenbelt makes for the perfect setting for this Rock Creek gem. 4 bedrooms all on the upper level, granite counters, hardwood floors, new carpet and paint will make you want to make this home yours. The flat spacious rear yard and concrete patio is as tranquil as it is beautiful. Original owners have maintained and improved this home so you can’t find one in better condition.

This home is not yet on the MLS, but will be soon. Please contact Brad Klein at 303-931-7041 or brad.klein@8z.com for a private showing. Other agents welcome. We co-op!

 

See this home in Denver before it hits the MLS!

In this low inventory market, it’s always great to know about homes before they come on the market! The home below is currently available for sale in Denver. It is not yet on the MLS, but will be soon! Please reach out to Leslie Resnick for more information on the home at 303-503-6818.

 

442 S Grant St, Denver, CO 80208

$483,000 | 1,207 total sf | 2 beds | 2 baths | Single Family

P7220110

Remodeled Washington Park story and a half waiting for you to move in! As soon as you see it, you will fall in love. 2 bedrooms, 2 bathrooms with a 2 car garage. Open, remodeled kitchen with stainless and slab granite. Custom shower. Main floor master bedroom. Hardwood floors, newer windows and an exposed brick wall gives this place the charm you have been searching for.

This home is not yet in the MLS, but will be soon. Contact Leslie Resnick at 303-503-6818 or leslie@8z.com for more information. We welcome other agents! We Co-op!