The Brian Petrelli Team Blog

Our team has been helping many, many buyers take advantage of some of the amazing financing deals available for buyers. There is the Fannie Mae Homes Homepath programs, the Denver HUD Homes $100 down programs, CHFA and now a program offered by Douglas County.

If you’re nterested, give us a call at 303-817-0209 and we can help you get started.

Here is the Basic Information:

Douglas County Housing Shared Equity Program

What is It?

Opportunity for homeownership in Douglas County through use of “Shared Equity” with the Housing Partnership. DCHP will provide an investment of up to 20% of the purchase price to first time homebuyers that currently live or work in Douglas County.

This investment will be a deferred loan which must be repaid upon sale or refinance of the home. At that time, the borrower must return the same investment percentage to DCHP based on the current fair market value.

Who is eligible?

		First-Time Homebuyers including persons that have not owned a home in the previous 3 years, single parents that have owned prior with a spouse, and displaced homemakers.
		Borrowers who currently live or work within the limits of Douglas County.

Borrower Responsibilities

		Attend a free CHFA-approved First-Time Homebuyer Education Class
		Secure a 30 year fixed rate mortgage with a maximum 45% debt to income ratio
		Contribute $1,000 towards the purchase
		Occupy the home as a primary residence
		Meet with DCHP for approval, pay $100 application fee

 You can use this program to buy homes in Douglas County:

Highlands Ranch Homes

Parker Homes

Castle Rock Homes

 As always, we’re watching Denver HUD homes for the best deals. This week, we found a new Parker HUD home and another Parker Condos unit we wanted to draw your attention to.

The first home is in Town and Country Parker. This is a terrific complex located just north of Main St in central Parker. This 2 bed, 2 bath home has over 1,300 square feet and is priced at just $100,000!

The Second unit is located in The Highlands Parker. This is a newer, 2 bed, 3 bath home in the great Stonegate Parker area with over 1,200 square feet. This home is priced at $148,500 and is a fantastic deal for that area!

Give our team a call to see these units at 303-726-1874.

HUD Owned Home 19711 rosewood parker 80138 $100,000.00	Beds: 2      Fin Sq Ft: 1332 Baths: 2     Year: 1984 # of Photos Avail: 5 V-tour Available:  No MLS #: 905408 Listing Office: realty executives of aurora	Broker Remarks: hudhomesold___asis___byelectr.bidonlyfha#052-457834avail9/24/10bidsdue on/before9/28/10@11:59pmortilsoldnolckboxbuyhudke… more… Disclosures
HUD Owned Home 9481 ashbury parker 80134 $148,500.00	Beds: 2      Fin Sq Ft: 1246 Baths: 3     Year: 2008 # of Photos Avail: 4 V-tour Available:  No MLS #: 930668 Listing Office: realty executives of aurora	Broker Remarks: hudhomesold___asis___byelectr.bidonlyfha#052-499607 avail10/22/10bidsdueon/before10/26/10@11:59 pmortilsoldnotonlockboxbu… more… Disclosures

The Highlands Ranch Community Association is putting on a Trick Or Treat Street again this year. This is a fun, safe, and warm (indoors) event that is great fro the entire family.

The Highlands Ranch Trick or Treat Street will be held at Eastridge Rec Center (map) on Saturday, October 30th from 11:00 a.m. to 2:00 p.m. 

Children ages 12 and under are invited to put on costumes, grab their trick-or-treat bags and join the fun at Trick-or-Treat Street! Local businesses provide treats for all the “little ghost and goblins!” $1.00 per trick-or-treater (ages 12 and under) and each family may select a pumpkin from the pumpkin patch; while supplies last. Admission is at the door; Cash or check only; No credit cards.

You can see a schedule of all of the Highlands Ranch Community Association events at their website: www.hrcaonline.org

You can contact our team and see all Highlands Ranch Homes on our website.

Interesting article on a new community being planned near all of the existing Highlands Ranch Homes from 9news.com:

New Housing Development Proposed Near Highlands Ranch Homes

 DOUGLAS COUNTY – It’s a nearly $4.3 billion community that would create countless jobs, a new school and an impressive commercial development.

The question, according to opponents, is whether the Sterling Ranch housing development is actually needed or desired.

With Highlands Ranch nearly built out and other developments nearby already covered in houses, developers of Sterling Ranch say there is an absolute need for new homes. They also contend that the housing development, the first major project in Colorado in nearly 10 years, would be a catalyst of economic recovery with jobless rates still at remarkably high levels.

Principal Developer for Sterling Ranch LLC Harold Smethills says the project, which is settled on urban property in the rolling hills off of Santa Fe and Titan Road in Douglas County, has been on paper for more than 10 years. The project consists of 12,000 homes and would take nearly 20 years to complete. It is surrounded by Highlands Ranch, Littleton, Roxborough Village and Chatfield Reservoir. It has been described as a donut hole because of its nestled location between the four areas.

Read the whole article here.

 We came across a couple new Denver HUD homes that are available this week.

 The first home on 1351 W. Erb Pl, is located in Athmar Park, Denver (Just north of Mississippi and West of I-25). Bids are due on this home by November 21, so there is time to look at it and run numbers. Give us a call at 303-726-1874 to see this home and get a list of comparable properties to run your numbers.

The second home is located in Green Valley Ranch Denver. Our team has a few listings in Green Valley Ranch, and would be happy to show you this HUD as well so you can compare it to a standard resale home. Give us a call to let us know when you’d like to see it at 303-726-1874. 

Athmar Park Denver Homes

HUD Owned Home 1351 w erb pl denver 80223 $125,000.00

Beds: 3      Fin Sq Ft: 992 Baths: 1     Year: 1952 Acres:0.14 # of Photos Avail: 5 V-tour Available:  No MLS #: 942252 Listing Office: re/max professionals

Broker Remarks: hud home sold strictly ___as is___ bids due on/before 11/21/10@11:59pm for information, disclosures, condition report an… more… Disclosures

Green Valley Ranch Denver Homes

5563 ensenada st denver 80249 $130,500.00

Beds: 3      Fin Sq Ft: 1520 Baths: 3     Year: 2005 Acres: # of Photos Avail: 1 V-tour Available:  Yes MLS #: 930745 Listing Office: exit one realty

Broker Remarks: as is hud property sold by electronic bid only. fha case # 052-457836 available on 10/22/10. bids due on/or before 10/26… more… Disclosures

 Visit our website to see all Denver Homes for Sale.

 Our team is thrilled to announce our new listing in Lakehurst West Homes!

This gorgeous home has been completely remodeled in every possible way:

• New Wood Floors
• New Granite Counters in Kitchen and Bath
• New Carpet
• New Paint
• Re-landscaped Yard
• 3 car garage + RV parking on the side of the house
• New cabinets
• More!

if you’re searching for Littleton Homes, check out this great house by taking the virtual tours or give us a call to see it today: 303-726-1874 

4629 s quail st littleton, CO 80127 Lakehurst $229,900.00

Beds: 3      Fin Sq Ft: 1358 Baths: 2     Year: 1977 # of Photos Avail: 2 V-tour Available:  Yes MLS #: 940656 Listing Office: mb the brian petrelli team

Broker Remarks: remodeled! new ss appliances/cabinets/kitchen corian countertop/hardwood floors/new carpet in bedrooms/new tile/cabinets… Disclosures

Our team is proud to announce our new listing ib the Belmar Lakewood Condos area.

Lakewood condosare diverse and contain dozens of complexes. Our new listing is actually in the Yukon Reserve complex in Lakewood. However, this complex has only 16 units and is general considered the Belmar area.

 This home has 2 beds, 1 bath and a 1 car garage. At just $119,900, this great unit is all on the ground floor, has a large living area, and has a number of upgrades including new wood floors and a remodeled bathroom.

Check out the virtual tours and then give us a call at 303-726-1874 to see it for yourself! 

970 s yukon lakewood, CO 80226 Belmar $119,900.00

Beds: 2      Fin Sq Ft: 889 Baths: 1     Year: 1986 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 940038 Listing Office: mb the brian petrelli team

Broker Remarks:  fantastic home in great condition with new wood floors, updated bathroom, 1 car garage and more. ground level home with … more… Disclosures

Our team has sold more condos in Canyon Ranch Highlands Ranch than anyone. We’ve been helping buyers and sellers with Highlands Ranch Condos for years and are intimately familiar with the entire complex.

Right now, we have a great 3 bedroom unit with a garage for only $155,000. Check it out on our website or give us a call to see it yourself: 303-726-1874

8437 thunder ridge highlands ranch, CO 80126 $155,000.00

Beds: 3      Fin Sq Ft: 1282 Baths: 2     Year: 1996 # of Photos Avail: 5 V-tour Available:  Yes MLS #: 928018 Listing Office: mb the brian petrelli team

Broker Remarks: fantastic 3 bedroom condo with a garage! all appliances are included. interior unit with no street noise! vaulted ceilin… more… Disclosures

Here are the past 6 month’s Canyon Ranch Highlands Ranch Market Stats.

 “Based on information from Metrolist®, Inc. for the period April 2010 through October 2010

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.

Our client had temporarily taken their listing on Deer Creek Rd off the market, but it’s back up now!

If you’ve been looking for Denver Homes with Acreage, this is what you want! With 240 acres just a few short minutes to C-470, this home can work for buyers looking for a private retreat or investors looking to subdivide and build several homes.

In addition to the 240 acres, this home also has a great, raised ranch, 2,100 square foot home with 3 beds and 2 baths. Add in the barn, seasonal stream and outdoor arena and you’ll never find a property that matches these amenities this close to Denver!

10525 s deer creek rd littleton, CO 80127 $2,950,000.00

Beds: 3      Fin Sq Ft: 2100 Baths: 2     Year: 2005 # of Photos Avail: 5 V-tour Available:  No MLS #: 921114 Listing Office: mb the brian petrelli team

Broker Remarks: rare find in littleton !! just a few min to c-470* spectacular and private horse property on 240 acres*raised ranch w fu… Disclosures

Call us today at 303-726-1874 for a private showing!

I blogged about this 2 bedroom unit in Marina Pointe Condos earlier this week. However, HUD just dropped the price another $8,000!

Now this 2 bedroom, 2 bath 918 square foot condos is listed at just $72,000. It will be difficult to find a deal like that on any other Littleton Condos.

Marina Pointe Condos are located just north of C-470 off of Wadsworth. Minutes from Chatfield and easy access to the foothills and DTC make this complex a popular neighborhood in Littleton.

Bank Owned / Foreclosed Home 8378 s upham littleton, CO 80128 $72,000.00

Beds: 2      Fin Sq Ft: 918 Baths: 2     Year: 1983 # of Photos Avail: 1 V-tour Available:  No MLS #: 926287 Listing Office: mb denver colorado realty

Broker Remarks:  HUD Home hudhomesold’asis’byelectr.bidonlyfha#052-121099avail10/8/10biddue on/before10/12/10@11:59pmortilsoldnotonlockbox buykeyf… Disclosures

You can see all Denver HUD Homes on our website.