September 2014 Market Update for Troutman Park

As your local 8z REALTOR and market expert, it is my pleasure to bring you this monthly update for Fort Collin’s Troutman Park area including the Willow ParkLarkborough, and  Four Seasons neighborhoods. Tune in each month for updated information about one of life’s biggest investments: your home. Or, even better, have it delivered right to your Inbox: 

 

Join Troutman Park Pulse

 

Much like the rest of the Front Range’s real estate market, the activity around Troutman Park went through a temporary slow down at the end of summer. It seems as if things are picking back up now that the kids are back in school and Labor Day has passed. A good example of this is the month over month comparison of homes on the market around Troutman Park and the number of those properties which are under contract. At this time last month there were 10 homes on the market and 5 of them were under contract. Now there are 14 homes for sale and 10 of them are under contract.

 

Troutman Park Sept Update

 

Sold in August

 

424 Guillemont St., Listed at $249,900, Sold for $239,000, 2 beds, 2 baths, 1,291 sq. ft., 70 days on the market, 62 days until under contract, $185.13/sq. ft.

 

4300 Table Mountain Pl, Listed at $249,000, Sold for $249,000, 4 beds, 2 baths, 1,580 sq. ft., 38 days on the market, 15 days until under contract, $157.59/sq. ft.

 

4313 Hummingbird Dr, Listed at $269,900, Sold for $269,900, 4 beds, 2 baths, 1,742 sq. ft., 59 days on the market, 10 days until under contract, $154.94/sq. ft.

 

503 Haven Dr., Listed at $269,900, Sold for $269,900, 3 beds, 2.5 baths, 2,096 sq. ft., 49 days on the market, 4 days until under contract, $128.77/sq. ft.

 

3818 Granite Ct., Listed at $287,000, Sold for $295,000, 4 beds, 3.5 baths, 2,124 sq. ft., 34 days on the market, 5 days until under contract, $138.89/sq. ft.

 

I would expect the demand for housing around Troutman Park to remain strong through the end of the year. We typically notice a seasonal slow down around the holidays here in Fort Collins. Much of the reason for that is that home owners don’t want to inconvenience themselves with keeping their place in prime condition for showings with all the hustle and bustle of the holiday season. With this in mind you can probably expect the sales activity to slow down in your neighborhood, but it will be due to more of the lack of inventory than the demand for housing as we near the end of the year.

 

Our real estate market has been shifting very quickly and there has been a growing disconnect between buyers and sellers recently. A lot of this is due to many sellers who are testing the market very aggressively at higher prices and sometimes less than favorable condition. To get top dollar in today’s market it is still important to have your home in premium showing condition at a price that creates competition among buyers. If you have questions please feel free to reach out and I’ll be happy to help.

 

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: 8 Tips To Keep Your Appliances Working

 

Laundry

1. Washers and dryers

Clear lint from dryer traps after each load of laundry (Your clothes will dry faster too). Run an empty load with a 1:1 solution of vinegar and water every six months or so to keep it nice a clean.

 

 

range hood

2. Range hoods

Clean the vent and filter to make sure it’s able to filter the air properly.

 

 

dishwasher

3. Dishwashers

Run an empty cycle with 1 cup of vinegar to clean your dishwasher out!

 

 

Midnight snacks

4. Refrigerators

Make sure to clean the coils and around them to insure that your refrigerator isn’t going more work than it needs to. Also make sure the seal is working all around the door to ensure that you aren’t wasting energy!

 

smoke detector

5. Smoke and carbon monoxide detectors

Test your detectors once a month to ensure they are working (or just fill your kitchen with smoke on accident to test as well haha)

 

hot water heater

6. Hot water heaters

Test the pressure-relief valves for leaks and check the outside for corrosion.

 

Under the sink.

7. Garbage disposals

Make sure nothing hard like fruit pits or silverware are in the disposal when you turn it on. If there is, turn it off immediately and retrieve whatever was causing the blockage. Also, put your citrus peels down the disposal to keep it smelling fresh.

 

air conditioner

8. Air conditioners (window or central)

Clean the air filter once a month to ensure that air can flow through it easily. Also make sure there are no leaks coming from the unit.

 

 

Via HouseLogic

4300 Table Mountain Place: A Done Deal in Willow Park

 

 IMG_20140718_101631_587

4300 Table Mountain Place was just evaluated in the Willow Park neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert knows and dishes the scoop on this recently sold home. Follow Troutman Park Pulse on Facebook!

 

Listed at: $249,000

Sold for: $249,000

 

This house was listed for sale on July 16, 2014 and quickly went under contract in just 3 days with competing offers. Unfortunately that buyer had to terminate their contract on July 24th. Another party came along and put the property under contract again on July 30th.

 

This home had a lot going for it. Great curb appeal, move in ready condition and a fantastic back yard on property that’s adjacent to open space and just a block away from Troutman Park. I believe the buyers that ended up closing on this house were able to take advantage of a situation with sellers who were just ready to be done with the sale after the 1st contract terminated. This is definitely one of the best deals I’ve seen in the Troutman Park neighborhood this year!

 

Need a market expert’s assistance? To see homes in the area contact 8z REALTOR Brandon Bidwell at brandon.bidwell@8z.com.

 

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

4313 Hummingbird Drive: A Done Deal in Larkborough

4313 Hummingbird Drive

4313 Hummingbird Drive

4313 Hummingbird Drive was just evaluated in the Larkborough neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert knows and dishes the scoop on this recently sold home. Follow Troutman Park Pulse on Facebook!

 

Listed at: $269,900

Sold for: $269,900

 

The owners of 4313 Hummingbird Dr. initially listed the home for sale at $279,900 on June 11, 2014 and quickly adjusted that to $274,900 and then 8 days later reduced it again to $269,900. A couple days after that they found their buyer and went under contract. When I previewed the property it was listed for sale at $274,900 and I remember thinking that it was over priced. It did sell a little quicker than I expected for a little more than I thought it would.

 

Hummingbird Dr. is a busier street than most in Troutman Park’s neighborhoods but it does have good proximity to the park and MAX transit stations. I believe the owners of this property caught the right timing of our summer’s frenzied selling season which allowed them to get what I would consider absolute top dollar for this home.

 
Need a market expert’s assistance? To see homes in the area contact 8z REALTOR Brandon Bidwell at brandon.bidwell@8z.com.

 

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

3818 Granite Court: A Done Deal in Four Seasons

IMG_20140708_151858_686

3818 Granite Court was just evaluated in the Four Seasons neighborhood in Fort Collins. Was this a good deal? Our 8z Neighborhood Expert knows and dishes the scoop on this recently sold home. Follow Troutman Park Pulse on Facebook!

 

Listed at: $287,000

Sold for: $295,000

 

When I previewed 3818 Granite Ct. I remember thinking that the sellers could be asking a little more than they were. This house was only on the market for 5 days before going under contract. The sellers used the “California Style” selling strategy of letting everyone know when they would be considering offers. This ended up working very well as the competition drove the value up $8,000 over asking price.

 

Granite Courts cul-de-sac location and its proximity to Lopez Elementary and Troutman Park make it a very desirable area with in the neighborhood. I’m not surprised to see this property selling for more than the list price.

 

Need a market expert’s assistance? To see homes in the area contact 8z REALTOR Brandon Bidwell at brandon.bidwell@8z.com.

 

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

Quick Tip Tuesday: Top 5 Fall Home Projects

#5. Organize the garage

When the cold temperatures roll in, you want to make sure you have room for your car in your garage and the appropriate tools on hand (snow shovels, leaf rakes, etc.) These go hand in hand. If your garage is organized, then accessing everything in it should be easier as well as making space for your car.

 

Neat garage tool hanging storage

 

 

 

#4. Plant a tree

It is least stressful for a tree to be planted when it’s dormant, which means planting in the spring or fall, so give it a go and plant a tree this fall!

 

planting trees

 

 

 

#3. Clean the gutters

When all that melted snow/rain comes pouring down your roof in the spring, you want to be sure that your gutters are clear. That means this is a job for fall!

 

Fall Cleanup - Leaves in Gutter

 

 

#2. Become energy efficient

Winter is coming… that means you should try to keep that cold air out. Caulk around windows and doors to make sure that expensive energy stays inside.

 

 

 

 

#1. Insulate the attic

One of the best fall projects is to improve your insulation in the attic. It’s blistering hot up there in the winter, so why not take advantage of the cool temperatures and save yourself on energy costs at the same time?

 

Mineralwolle - mineral rock wool 02

 

 

 

Brought to you by HouseLogic

Quick Tip Tuesday: 5 Problems With Older Homes

5. Pre-1978: Lead Paint

Lead paint has been linked to many health issues. If you’re house was last painted before 1978, your walls most likely have lead paint on them. But the most likely scenario is that it has been painted over. In this case, just be weary of paint chips coming off the wall.

 

Lead Paint

 

 

4. Pre-1970s: Fuse Boxes Instead of Circuit Breakers

Some older homes have a fuse box (or more than one) instead of a breaker. You have two choices here. Go out and buy a bunch of inexpensive fuses in case the power goes out, or replace the box with a circuit breaker.

Fuse Box

 

 

3. Pre-1960: Drafty Windows

Drafty Windows

 

These windows made of wood are certainly not air tight, meaning you could be losing a lot of money to your energy bill. Inspect and possibly replace these to save money in the long haul.

 

2. Pre-1940s: Steel Pipes

Steel water pipes have all sorts of issues associated with them including rust and even bursting. You’ll be better off replacing them than waiting for an issue if there isn’t already one.

 

Burst Pipe

 

1. Pre-1940s: Grade Issues and Moisture Problems

 

With homes this old, builders typically built a house above wet soil, but over time, the moist ground can change and may be touching the house, which can cause moisture issues.

Moisture Damage

 

 

 

List courtesy of BrightNest

 

 

 

Quick Tip Tuesday: 5 Home Upgrades Under $500

If you want a quick home upgrade for under $500, here’s a list of 5 of them to get you started!

 

#1: Paint – Paint is an easy way to change the whole feel of a room. Use this paint calculator to see how much paint you need! A gallon of paint will cost about $30-$40 and covers about 350 square feet (Paint: 350 sq. ft. per gallon, Primer: 200 sq. ft. per gallon).

painting

 

 

#2: Backsplash – A backsplash is a fun and easy way to transform the look of your old kitchen. The pricing can vary depending on the material that you want to use and the size of your kitchen, but can definitely be done for under $500 if you install it yourself!

backsplash

 

#3: Carpet Cleaning – Sometimes you just need to hire a cleaning service to clean your carpets. They have special tools and cleaners that you don’t have access too. Rented carpet cleaning machines just don’t have the high-pressure steam needed to do this job right. These services can cost around $200-$250.

Carpet_Cleaning_Machine_Rug_Doctor

 

#4: Install A Programmable Thermostat - For every degree you lower your thermostat for an 8-hour period, you cut energy use by about 1 percent. Set it back 10 degrees overnight, and that’s a 10 percent savings right there!

Not This!

Not This!

#5: Area Rugs – New rugs can give a room a quick update. Think of it like paint for your floor. It’s easy to change a rug but it’s difficult to change the actual floor.

Sophisticated-Rectangular-Area-Rug

August 2014 Market Update for Troutman Park

As your local 8z REALTOR and market expert, it is my pleasure to bring you this monthly update for Fort Collin’s Troutman Park area including the Willow ParkLarkborough, and  Four Seasons neighborhoods. Tune in each month for updated information about one of life’s biggest investments: your home. Or, even better, have it delivered right to your Inbox: 

 

Join Troutman Park Pulse

 

The current available supply of housing is still certainly leaning in the favor of sellers for homes in the neighborhoods surrounding Troutman Park. It is shifting a little more towards a balanced market however. A good illustration of this is the fact is that as of right now exactly half the homes for sale around Troutman Park are still available. Compare that to earlier this year when 8 or 9 out of 10 homes for sale was under contact.

 

Troutman Park Aug update

 

Sold in July

 

713 Great Plains Ct., Listed at $235,000, Sold for $242,500, 3 beds, 1.5 baths, 1,422 sq. ft. 36 Days on Market, 4 days until u/c, $170.53/sq. ft.

 

4406 Rosecrown Ct., Listed at $260,000, Sold for $260,000, 3 beds, 3 baths, 1,992 sq. ft. 39 days on market, 18 days until u/c, $130.52/sq. ft.

 

4124 Granby Ct., Listed at $264,500, Sold for $265,000, 4 beds, 2 baths, 2,243 sq. ft. 35 days on market, 4 days until u/c, $118.15/sq. ft.

 

4324 Hummingbird Dr., Listed at $275,000, Sold for $272,500 (with $5,000 in seller paid concessions), 3 beds, 2 baths, 1,736 sq. ft. 51 days on market, 29 days until u/c, 156.97/sq. ft.

 

4112 Saddle Notch Dr., Listed at $280,000, Sold for $275,000 (Cash), 4 beds, 3 baths, 1,952 sq. ft. 51 days on market, 7 days until u/c, $140.88/sq. ft.

 

4201 Saddle Notch Dr., Listed at $285,000, Sold for $282,500, 4 beds, 3.5 baths, 2,354 sq. ft. 67 days on market, 12 days until u/c, $120.00/sq. ft.

 

3807 Granite Ct., Listed at $295,000, Sold for $296,000 (seller paid concessions $2,608), 4 beds, 3.5 baths, 2,294 sq. ft. 40 days on market, 4 days until u/c, $129.03/sq. ft.

 

807 Marble Dr., Listed at $329,000, Sold for $329,000 (with $1,500 in seller paid concessions), 4 beds, 2.5 baths, 2,989 sq. ft. 24 days on market, 1 day until u/c, $110.07/sq. ft.

 

With some of the sellers around Troutman Park attempting to get a top dollar premium for less than desirable condition and or amenities, I believe we’ll see the average days on market going up.

 

Homes that are priced right and merchandised well are still selling and with competition from multiple buyers for many of them. With the current demand for “move-in ready” and “updated” housing it is well worth an owner’s time to make the necessary preparations to take advantage of that competitive market.

 

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

725 Bonita Ave, Fort Collins: A Four Seasons Review

725 Bonita Ave 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!

 

 

725 Bonita Avenue

725 Bonita Avenue

The Specs:

 

Address: 725 Bonita Ave. Fort Collins, CO 80526

Price: $315,000

Original List Date: 07/28/2014

Style: Two Story

Year Built: 1985

Total Square Feet: 3,357

Approximate Lot Size Square Feet: 7,965

Bedrooms: 3

Bathrooms: 3

Location: Four Seasons

 

 

The Scoop:

 

725 Bonita Ave was listed for sale at $325,000 on July 28th. After looking through the home for myself I thought these owners were certainly asking a top dollar for what is a very dated home. Don’t get me wrong it definitely has potential but buyers are not paying the premium they did a few months ago for homes in this kind of original but clean condition. The Fire Engine Red interior paint probably didn’t help either. It did have a nice covered deck and back yard.

 

On August 11th the owners re-considered their pricing strategy and reduced the asking price to $315,000. It’s fair to assume that’s still a little high. If the current owners spent a little more on staging and merchandising this home I think they would be fine at $310,000-$315,000.

 

The Score:

 

Below are our overall ratings for 725 Bonita Ave. Fort Collins, CO 80526

Layout/Floor Plan: 3

Finishes: 3

Condition: 3

Curb Appeal/Landscaping: 2

Neighborhood/Outdoor Amenities: 4

Overall Value: 2

 

The listing agent for this property is Matt Nesbitt with Group Mulberry. 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: 725 Bonita Ave. 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!