512 Larkbunting Dr., Fort Collins : A Done Deal in Larkborough

512 Larkbunting Dr. , Fort Collins, CO 80526 was just evaluated in the Larkborough neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert, Brandon Bidwell, knows and dishes the scoop on this recently sold home.

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Listed at: $285,000
Sold for: $285,000

 

The property at 512 Larkbunting Dr. was:

Originally listed on May 12 for $295,000.
After 60 days on the market without a contract the owners decided to reduce the price to $285,000.
Another 88 days went by after the price adjustment and on October 7th this house went under contract.
On November 19th this home closed at $285,000 with the seller paying $4,000 towards the buyers closing cost.

 

It took a while to find the new owner of this home (192 days to be exact).

 

The average days on market for homes in the Troutman Park area so far this year is 46.

 

The reasons that it took so much longer for 512 Larkbunting to sell are:

1. With all the additions to this house and the lack of a garage it took a very particular buyer to find use for all 3,500 square feet.
2. There was a lot of remodeling that most buyers would want to have done to update this place and the size of this house made that a very significant project.
3. With Larkborough’s average sales price of $236,392 in 2014 this property was significantly over priced when it was listed at $295,000.

 

Need a market expert’s assistance? To see homes in the area contact 8z Realtor, Brandon Bidwell, at (970) 215-1573 or bidwell@8z.com.

 

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

 

Big Apple, Picket Fence, or Green Acres?

If you live in a tiny house, you do not have to decide whether to be a city mouse, and country mouse, or a suburban house. The house can go on a trailer to anywhere. But most home buyers are a bit more conventional, and have things like family size, jobs, and lifestyle preferences to consider.

Choose an urban location, and the city is at your fingertips. Coffee shops, restaurants, mass transit, job possibilities, and schools either lie nearby or can be reached via established infrastructure with relative ease. The urban cultural scene can’t be surpassed, for it is to cities that artists, musicians, and actors flock, knowing that the best opportunities and biggest audiences lie there. Live on a lake or an ocean, or up against the mountains, and you have open space, too. Urban real estate is a great investment, as they offer new homeowners all the occupation and living options that big cities encompass. The downside is the noise and less personal space, but for city people, the buzz far outweighs the disadvantages.

Choose the suburbs, and you find more personal space. Houses have real yards for children and dogs; neighborhood associations proliferate, and a sense of community seems to come with the house package. Remodeling can increase the square footage and tailor the structure to you. School choices abound and offer their own communities. Suburbs are rife with parks and bike paths, so the great outdoors is yours. Of course, the commute to shopping and work can be a bit of a bear. These houses are particularly popular among homebuyers, particularly those with new or growing families, so it’s a safe investment.

Like your solitude and the great outdoors? Want to grow your own veggies, own animals, and enjoy clean air? Tired of the rush of development? Rural property investment comes with peace and quiet. Often one can either build new on an open lot, or remodel a farm, barn, or historic building. Although community isn’t as readily apparent, people who bond over living in open land form close ties.  The market for these houses is a discriminating one, with perennial interest and limited availability, making it a great investment.

According to city-data.com, Troutman Park is a suburban neighborhood, a great place to invest in a home. And you won’t need to BYO tiny house ….

Infographic: December 2014 Market Update for Troutman Park

Troutman Park - Fort Collins, real estate infographic

 

Troutman Park’s real estate has been busier than usual this November. All 7 of the homes on the market out there right now are under contract.

 

They range in price from $240,000-$299,000 at an average of $256,185 and total volume of $1,793,300.

 

Sold in November

 

418 Towhee St. 748811, Listed at $229,900, Sold for $228,800, 3 beds, 1.5 baths, 1,320 sq. ft. 48 days on the market, under contract in 21 days, $173.33/sq. ft.

 

431 Towhee St. 751717, Listed at $235,000, Sold for $235,000 (sellers paid $400 toward buyers closing costs), 3 beds, 2 baths, 1,320 sq. ft. 34 days on the market, under contract 1st day, $178.03/sq. ft.

 

936 Butte Pass Dr. 748979, Listed at $245,000, Sold for $250,000, 3 beds, 2 baths, 1,372 sq. ft. 47 days on the market, under contract in 12 days, $182.22/sq. ft.

 

4418 Rosecrown Ct. 749760, Listed at $262,500, Sold for $259,500 (seller paid $1,400 toward buyers closing costs), 3 beds, 2 baths, 1,996 sq. ft. 33 days on the market, under contract in 5 days, $130.01/sq. ft.

 

1012 Deer Creek Ln. 748192, Listed at $269,900, Sold for $282,500 (seller paid $300 toward buyers closing costs) 4 beds, 3.5 baths, 2,309 sq. ft., 51 days on the market, under contract in 2 days, $122.35/sq. ft.

 

512 Larkbunting Dr. 735502, Listed at $285,000, Sold for $285,000 (seller paid $4,000 toward buyers closing costs), 4 beds, 3 baths, 3,500 sq. ft., 192 days on the market, under contract in 146 days, $81.43/sq. ft.

 

Last year there were 4 homes that sold during November in Troutman Park’s neighborhoods:

They ranged in price from $187,000-$258,000 with an average of $223,000 and 34 days on the market.

 

This year there were 6 sales in November:

Ranging in price from $228,800-$285,000 at an average of $256,800 in an average of 67 days on the market

 

The average price in your neighborhood last month increased by 15% over last year’s November sales. That’s almost double Colorado’s annual appreciation rate of 7.76%.

 

It looks like December may be busier than November this year with all the property that is under contract in your neighborhood.

 

2015 is primed to get off to a quick start!

 

If you’re considering selling your home next Spring it’s just about time to start making any necessary preparations. Buyers are still paying top dollar for “Move-in Ready” & “Updated” homes. If you have questions about what will net you the best return on your investment just let me know and I’ll be happy to share.

 

Join Troutman Park Pulse

 

Please call me if you need any assistance in Fort Collins. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with your real estate needs. You can always reach me at 970.215.1573 or bidwell@8z.com

Quick Tip Tuesday: 5 Fireplace Upgrades

As winter approaches, you might start thinking about using your fireplace if you’re in a colder climate. Before it get’s too cold out, here are 5 fireplace upgrades to make it something special.

 
 

1.  Install a Mantel

Sharp, detailed models come in kits that lock together with a few twists of the Phillips-head. You can have a whole new look in less than a day.

 
 

2. Tile the Hearth  

Consider jazzing things up with some colorful new tiles. You can change the whole look of a fireplace—and the room

 
 

3.  Tile the Surround

While you’re at it, tiling the surround is a great way to spruce up a fireplace!

 
 

4. Granite-Slab Surround is another option

And might be quicker than individual tiles.

 
 

5.  Tin-Tile Surround

Why not use the same unique tin tiles that adorned their kitchen backsplash for the surround? In total, the project took only a few days—but the result will look cozy all winter. 

 

 

 

See 12 more Fireplace Upgrades over at This Old House

1012 Deer Creek Ln. : A Done Deal in Willow Park

1012 Deer Creek Ln. , Fort Collins, CO 80526 was just evaluated in the Willow Park neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert, Brandon Bidwell, knows and dishes the scoop on this recently sold home.

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Listed at: $269,900
Sold for: $282,500

 

The previous owners of 1012 Deer Creek Ln. listed their property at an extremely low price considering all it had to offer. My client was competing with 4 other buyers for this home on just it’s second day on the market.

 

After looking through comparable sales we were confident that this property was worth at least as much as 4201 Saddle Notch Dr. which sold for $282,500 in July and had a much less desirable lot backing up to Shields St.

 

The appraiser reported the value of 1012 Deer Creek Ln at several thousand dollars over the sales price of $282,500. Great news for neighbors who are surely excited to see property values on the rise in Willow Park.

 

Need a market expert’s assistance? To see homes in the area contact 8z Realtor, Brandon Bidwell, at (970) 215-1573 or bidwell@8z.com.

 

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

 

4418 Rosecrown Ct. : A Done Deal in Woodlands

4418 Rosecrown Ct. , Fort Collins, CO 80526 was just evaluated in the Woodlands neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert, Brandon Bidwell, knows and dishes the scoop on this recently sold home.

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Listed at: $262,500
Sold for: $259,500

 

The house at 4418 Rosecrown Ct. had some really nice updating done with granite counters, stainless appliances, bamboo flooring and newer paint.

 

It also had some challenges: a noticeable crack in the foundation (I’m told an engineers report indicated that it was not compromising structurally), No garage entrance to house, and neighbors behind that have really let their yard go.

 

This property went under contract with a full priced offer in 5 days. The appraiser did not believe that the value was as high as the list price of $262,500 so the owners reduced the sales price to accommodate the buyer(s).

 

There were a few inspection items that came up so the sellers did also pay $1,400 towards the buyers closing costs to compensate for that as well.

 

Need a market expert’s assistance? To see homes in the area contact 8z Realtor, Brandon Bidwell, at (970) 215-1573 or bidwell@8z.com.

 

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

 

3912 Moss Creek Dr. : A Done Deal in Four Seasons

3912 Moss Creek Dr. , Fort Collins, CO 80526 was just evaluated in the Four Seasons neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert, Brandon Bidwell, knows and dishes the scoop on this recently sold home.

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Listed at: $310,000
Sold for: $310,500

 

The house at 3912 Moss Creek Dr. went under contract in 26 days and closed for $500 over list price on Halloween. The transaction was a cash purchase and the sales price would suggest that there was some competition for this home.

 

There are only 3 properties in the Troutman Park community that have sold for more than 3912 Moss Creek Dr. so far this year:

 

831 Marble Dr. at $312,000
725 Bonita Ave at $314,000
807 Marble Dr. at $329,000

 

All of which were larger, 2 story homes which makes 3912 Moss Creek Dr. the highest priced ranch style house to ever sell in your neighborhood.

 

There was not a lot of aesthetic updating done here but someone obviously found value in what this home did offer: New Roof, New Exterior Paint, Radon Mitigation, a Nice Covered Patio and a Very Functional Floorplan.

 

Need a market expert’s assistance? To see homes in the area contact 8z Realtor, Brandon Bidwell, at (970) 215-1573 or bidwell@8z.com.

 

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

 

Quick Tip Tuesday: 7 Money-Pit Projects

As always, you want to be careful how you spend your money. If you don’t spend it wisely, you’ll be thinking about what is a good long term investment. These 7 projects aren’t!

 
 

#7 – Built-in Aquariums

“Built-in aquariums look stunning, but they can also turn off potential buyers. Sure, they add a touch of luxury, but not everyone wants to deal with the upkeep. According to Daniel Fries, Atlanta, GA based home appraiser, it’s just not a practical investment. Aquariums top the list of improvements with poor return on investments.”

 
 

#6 – Built-in Electronics

“At the rate that new technology is growing, today’s shiny new gadget quickly becomes a thing of the past, which makes built-in electronics a bad investment. They tend to dominate the room, and if not properly soundproofed, can impact adjoining rooms.”

 
 

#5 – Eliminating a Bedroom

A walk-in closet and expanded master bath is a selling point, but only if that space isn’t hijacked from a third or fourth bedroom. The rule of thumb when renovating is to stay within neighborhood standards. If the neighborhood norm is three bedrooms, a two-bedroom house is at a severe disadvantage.”

 
 

#4 – Over-Improving the Basement

Below-grade improvements never pay back as much as renovations or added upstairs. Compare the cost of a finished basement to renovating the attic, adding a dormer or even raising the roof, before committing to a high-end basement remodel.”

 
 

#3 – Expansive Outdoor Renovations 

“Outdoor kitchens with grills and wood counters can be used up to ten months a year in warmer climes, but further north, a fireplace would be a much cozier investment. Make sure your renovations are appropriate for the area. As you calculate your project budget, keep the total tab no more than 10% of the current value of your house. If you spend more, count the payback in terms of personal enjoyment.”

 
 

#2 – Home Offices

“Even though more and more people work from home, adding in a home office is generally not a good idea. Buyers may be turned off by a room that can no longer function as an extra bedroom. If you already have a home office, keep the area basic, a desk, chair, and good lighting. Potential buyers should be able to easily visualize the room being utilized for another purpose.”

 
 

#1 – Pools, Hot Tubs, Spas, and Luxury Showers

“Much like the built-in aquarium, these novelty amenities will only attract a limited number of people. In most scenarios installing a pool or hot tub will not help increase the value of your home. It does add a luxury value, but you will most likely not regain your investment.”

 
 
 

Via MSN Real Estate

3904 Benthaven Street: A Done Deal in Four Seasons

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3904 Benthaven St, Fort Collins, CO 80526 was just evaluated in the Four Seasons neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert, Brandon Bidwell, knows and dishes the scoop on this recently sold home.

 

Listed at: $260,000
Sold for: $270,000

 

This home was listed at an unusually low price considering the condition and amenities. I spoke with the broker who was marketing the property and it sounds like they did not account for the value of the adjacent open space behind the yard. There were several offers competing for this house and it ended up selling for $10,000 over list price minus the $3,000 that the seller paid towards the buyers closing costs.

 

The new owners of 3904 Benthaven St. got a pretty decent deal. There is still plenty of opportunity to increase the value of this home with some sweat equity. New kitchen flooring, interior painting and fixtures would do a lot to give this house an update.

 

Need a market expert’s assistance? To see homes in the area contact 8z Realtor, Brandon Bidwell, at (970) 215-1573 or bidwell@8z.com.

 

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

 

Customizing homes in modern neighborhoods

Owning a home in a neighborhood that was built in the 1950s (an era of massive new building as World War II soldiers came home, married, and started families) and after presents a cornucopia of remodeling possibilities for homeowners, who wish to tailor their homes to their family or individual needs. Less likely to be restricted by historic designation, these homes offer a canvas for expression, expansion, exterior or interior aesthetic renovation, energy saving moves, solar remodeling, additions and pop-ups, and more. According to city-data.com, such a neighborhood is Troutman Park, whose homes were built in 1980.

 

Remodeling a home requires a good imagination, a good architect or building contractor, a dream list, and a clear sense of the site – what is possible and what is not. For example, what are the required building setbacks? What are city building code requirements for remodels in terms of size, utility update, materials, and inspection? Who are the good local builders with reasonable rates? A stroll around the site and a bit of solar and mature tree mapping can also present possibilities for remodels taking advantage of sun and shade. Of course, a really good landscape plan makes any remodel look that much better.

 

More recently built neighborhoods acquire a lot of architectural diversity and flavor, as buyers literally take ownership of their castles and make it their own. And if and when it comes time to sell, homeowners can rest assured that their property values are assured.