The Brian Petrelli Team Blog

The Metro Mortgage Assistance Program recently gave buyers looking at Westminster homes something to cheer about. Now, Westminster has been added to the list of eligible cities for the Metro Mortgage Assistance Program. This is the closest thing we have seen to Zero Down Mortgage Programs in Denver for a while.

This program has been around for several months in other states and has helped many buyers buy a home that would otherwise been beyond their reach due to a lack of down payment funds. This program can be used on all Westminster homes, including Westminster foreclosures, so give us a call today if you’d like to apply or want more details.

Here are the basics:

• Buyers must have a minimum 640 Credit Score
• Household income limits of $91,100 for 2 or fewer and $103,000 for 3 or more
• 4% Grant towards down payment and closing costs
• 30 year, fixed rate mortgage
• Purchased home must be the buyer’s primary residence
• Buyers DO NOT have to be 1st time home buyers
• May be used on any home in the following cities: Denver, Arvada, Brighton, Dacono, Edgewater, Lakewood, Littleton, Sheridan, Westminster or Wheat Ridge

This is a tremendous opportunity to get into a home using a government grant. These programs do not come along often – especially with a 4% grant – so don’t miss out!

If you have been looking at Thornton homes, than you are probably familiar with the popular King Ranch Thornton neighborhood. This newer area still has brand new homes under construction and is moving very quickly. Yesterday, HUD released a rare, higher end foreclosure in this great neighborhood.

Priced at $375,000, this home has 4 bedrooms, 3 and a half baths, a loft, main floor study hot tub, formal dining room and much more! One look at the pictures of this home will show you that this is not your typical HUD home. Stainless steel kitchen appliances, cherry cabinets, wood floors, high end counters and more make this a unique find and one of the nicest Denver HUD homes we’ve seen in a long time.

Bids on this home close August 8th at midnight, so if you are interested in seeing this home, call our team today at 303-726-1874. Our entire team is registered and able to help you with HUD homes (not all agents are). We can explain the bidding process and help you make a winning bid!

King Ranch Thornton:

HUD Owned Home 7585 e 121st pl thornton 80602 $375,000.00

Beds: 4 Fin Sq Ft: 3590 Baths: 4 Year: 2007 Acres: # of Photos Avail: 25 V-tour Available: No MLS #: 1215178 Status: Active Listing Office: re/max momentum

Broker Remarks: this home in king ranch has it all. 4 bed, 3.5 bath, main floor study, loft, full walkout basement, formal dining, hot t… more…

The number of Thornton foreclosures has dropped drastically over the past several months and finding a foreclosure in this condition is remarkable. We expect to see multiple bids so call us today so we can help you make a strong, winning bid.

Our team is getting ready to market a new listing in Cherry Knolls Homes this week. In preparing our marketing plan, we ran the latest numbers for the area and wanted to post them here for anyone thinking of selling their Cherry Knolls home in the near future.

As with most Centennial homes, the market in Cherry Knolls is moving quickly. We’re seeing the median days on market at just 6 days, and homes are selling at 99.66% of their list price! This is a dramatic improvement over last year during the same time period. Last summer at this time, the median days on market was 52 days and the average days on market was a whopping 131!

If you have been waiting for the market to improve to sell your home, now is the time. Give us a call today at 303-817-0209 and we can run a market report for your specific home and show you what we can sell it for.

Sold Cherry Knolls Homes – Past 6 Months

Based on information from Metrolist®, Inc. for the period January 2013 through Jluy 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market

It’s official. We’ve been reporting the upward price trend for the past year and as of the latest Case-Shiller report, Denver homes have reached their all time high. If you have been paying attention o the market, than you are already aware of the severe shortage of available homes. This lack of inventory has caused major pain for buyers in the Denver market and has resulted in bidding wars and rapid price increases.

If you have been considering selling your home, you may be very surprised to learn what our team can sell it for. Give us a call at 303-817-0209 today and let us run a detailed report for your home and your neighborhood.

Full Details from The Denver Business Journal:

Denver-area home sales prices reached an all-time high level in May, finally topping previous highs attained seven years ago before the real estate bubble burst, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

The widely followed gauge of home resale prices in 20 U.S. cities showed Denver-area prices were up 9.7 percent in May from a year earlier, the 17th consecutive year-over-year gain.

Denver’s Case-Shiller price index for May was 140.98, meaning that local home resale prices averaged 40.98 percent higher than they were in the benchmark month of January 2000.

The previous peak index reading for Denver was 140.28 in August 2006.

The market for Denver homes is highly competitive. If you are a buyer looking at homes, make sure you are working with a team of REALTORS who can help you with all of the available Denver foreclosures and resales on the market. Not all agents can show you all homes (Denver HUD homes have restrictions, etc), so give our highly trained team a call today!

Of all of the neighborhoods for Littleton condos, we receive more calls for Dakota Station condos than any other. This neighborhood is a great complex of both condos and townhomes between Kipling and Wadsworth just north of Chatfield Rd. Its proximity to C-470, Chatfield State park, shopping and everything south west Littleton has to offer make it one of the best bets for Littleton townhomes in the low $100’s.

Often overlooked in this neighborhood are the few 1 bedroom condos that sell in the $80,000 range. They are smaller units, but offer one of the most affordable options in the entire city of Littleton. There is currently one of these unit available, so if you are interested, give our team a call at 303-726-1874.

We have several clients considering Dakota Station condos right now, and we had prepared this market report for them. We wanted to share it here for you to see the recent activity in the area.

Dakota Station Littleton Condos – Sold:

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Donna Jarock on our team is listing another great home in the Founders Village Castle Rock area this week. With the heavy competition for Castle Rock homes, we wanted to make you aware of it here before it went into the MLS.

One of the most popular areas in Castle Rock, Founders Village is located on the East side of Castle Rock just north of Founder’s Park. It provides easy access to I-25 and is a fantastic neighborhood.

Here are the details on this upcoming listing:

1460 N Monument Dr

$240,000

• – Near Schools
• – Vaulted Living Room
• – New Roof
• – 3 Bedrooms
• – 3 Baths
• – 2nd level Laundry
• – French Doors to Yard
• – Heated Garage

This 2 story home will not disappoint. Beautiful, comforting wall colors and Vaulted living area greet you upon entering. Walk through to the bright and inviting kitchen. White kitchen Cabinetry and appliances. Eating space with French Doors leading to outside space. Adjoining family room will accommodate your family for years to come. The main floor includes a powder bath and access to heated garage as well. The second floor laundry is located near the Bedrooms. A secondary full bath as well. The large master has a bathroom suite including double sinks and large soaking tub with glass doors. Call today for your private viewing.

Westbrook Westminster Homes are walking distance to Standley Lake, minutes to three major highways (I-25, I-70 and Highway 36) and just north of the Two Ponds National Wildlife Refuge. This ideal location makes it one of the most popular neighborhoods for buyers looking at Westminster homes for sale.

HUD has just made a 6bedroom, 3 bath tri-level available for bidding. This amazing opportunity has 2,100 finished square feet, wood floors and a two car attached garage. Priced at just $215,000 this home has great potential and is accepting bids now. As with most Denver HUD homes, this home will accept bids for the initial 10 day bidding period before a bid is selected. If you would like to see this home, call our team at 303-726-1874 today to set up an appointment.

Westbrook Westminster Homes:

HUD Owned Home 9788 jellison way westminster 80021 $215,000.00

Beds: 6 Fin Sq Ft: 2100 Baths: 3 Year: 1988 Acres:0.10 # of Photos Avail: 22 V-tour Available: No MLS #: 1214617 Status: Active Listing Office: great way re exclusive prop…

Broker Remarks: buy me! great deal for this tri level home in wonderful neighborhoos. home has tons of potential. basement bedrooms are … more…

The market for Westminster Foreclosures is highly competitive. The number of foreclosure filings has dropped off roughly 50% over the past year in the metro area, and the bidding can be fierce. If you are interested in this market, call our team today to learn the differences in bidding on bank owned, Denver HUD homes and other foreclosed homes. If your agent isn’t registered and approved by HUD, you can not bid on HUD homes.

One of the most popular and affordable communities in Highlands Ranch is the Canyon Ranch Highlands Ranch Condos complex. This great neighborhood has nearly 500 units, its own pool, clubhouse, hot tub and workout center and is also part of the broader Highlands Ranch Community Association allowing access to all four Highlands Ranch Rec Centers.

It is located in the northern part of Highlands Ranch on the southeast corner of County Line Rd and Colorado Blvd. The complex has 1,2 and 3 bedroom condos each with either a garage or a carport. Prices rand from the low to mid $100’s. This low price point coupled with all of the amenities make it highly desirable for anyone considering Highlands Ranch Condos.

If you are interested in this area, give our team a call today.

Last 6 Month Sold Statistics for Canyon Ranch Highlands Ranch Condos:

Based on information from Metrolist®, Inc. for the period January 2013 through Jluy 2013Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

Please not that many agents incorrectly list the sub area as “Highlands Ranch” when in fact the sub area should be “Canyon Ranch.” Because of this, many condos do not come up in these reports. If you would like a more detailed report, please contact Brian at 303-817-0209 and we can create it for you.

Donna Jarock will be listing a home in the Mission Viejo Aurora neighborhood tomorrow, but we wanted to let you know about it here first. With the heavy competition for Aurora homes, every minute counts, so if you are interested in this great new listing, call our team today to see it at 303-726-1874.

The great Mission Viejo neighborhood is located between Quincy Reservoir and Cherry Creek State Park. It provides easy access to I-225, E-470 and all that the Denver metro area has to offer. This great ranch home is one of the best homes in the neighborhood and will not last long at this price.

16751 E Nassau Dr

Mission Viejo

$210,000

* 3 Bedroom
* 2 Bathrooms
* Fireplace
* Central Air
* Newer Carpet
* Updated Kitchen
* Newer Vinyl Windows
* French Patio Doors
* Sun Room
* Finished Basement
* All Appliances Included
* New Fence
* Shed
* Vinyl Siding/Brick
* Newer Roof

Aurora homes are moving quickly – especially those priced under $250,000. If you are in this market, call our team and have us set you up on daily email alerts for new listings so you don’t miss any of the homes coming on the market.

Darcy Truppo on our team just listed this fantastic home in the Sterling Hills Aurora neighborhood!

Located off of Jewell Ave between Side Creek Park and Great Plains Park, Sterling Hills is one of the most sought after neighborhoods for Aurora Homes and offers easy access to both E-470 and I-225. Just minutes to Cherry Creek Reservoir this neighborhood has everything you could want!

This home has over 2,100 finished square feet, three bedrooms, three baths, dark oak wood floors on the main level and is in move in ready condition! The back yard has a great deck with a hot tub for you to enjoy! With vaulted ceiling and more, this home is going to sell quickly, so if you want to see it before it is gone, call our team today at 303-726-1874 to schedule a private showing!

Sterling Hills Aurora Homes:

2143 s ensenada st aurora 80013 $239,900.00

Beds: 3 Fin Sq Ft: 2120 Baths: 3 Year: 1995 Acres: # of Photos Avail: 16 V-tour Available: No MLS #: 1213373 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: contemporary open floor plan with great light and newer dark oak wood floors throughout main level! sparkling clean and … more…

We can not stress enough how fast homes are selling. If you have any interest in this, or any other Aurora homes, call us immediately so we can get you in today.