The Brian Petrelli Team Blog

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.

 The city of Centennial is spread across the south east section of the metro area and weaves its way between Littleton, Aurora and Greenwood Village. We’ve helped many buyers and seller with Centennial Condos and we are always monitoring the new listings on the market.

Right now, there are two Centennial HUD homes we wanted to make you aware of. You can reach us at 303-726-1874 to see any of these: 

Olde Mill Condos, Centennial:

 I’m partial to Olde Mill Condos because my very first home purchase was a two bedroom unit in the complex. Right now, HUD has a two bed, 1 bath on the market for just over $100,000. This is a great price for this neighborhood. Bids are open for both investors and owner occupants.

Hunters Hill Condos, Centennial:

 We’ve been watching this Hunters Hill Condo over the last month. The price has been reduced and the bidding has been opened to allow investors the opportunity to get this great condo for under $70,000!

Bank Owned / Foreclosed Home 7318 s xenia centennial, CO 80112 $67,900.00

Beds: 1      Fin Sq Ft: 834 Baths: 1     Year: 1973 # of Photos Avail: 1 V-tour Available:  No MLS #: 885677 Listing Office: realty executives of aurora

Broker Remarks:  HUD Home hudhomesold___asis___byelectr.bidonlyfha#052-225751avail9/17/10 bid due on/before9/21/10@11:59pmortilsoldnotonlockboxbuy… Disclosures

 To see any of these homes today, give us a call at 303-726-1874 or see all Denver HUD homes on our website.

Many of our clients have been contacting us with questions on HUD’s $100 down payment program for Denver HUD Homes. This is an amazing program that HUD has made available and can help many people who can’t afford a down payment into one of the available Denver HUD Homes on the market.

In the past, low down payment programs with HUD were limited to public servants such as teachers and police officers. Recently, HUD has opened this program to allow for any owner occupant to purchase one of the available Denver HUD homes with only $100 down. There are only a few requirements to take advantage of this program:

1.) You must be an owner occupant homebuyer: HUD is not allowing investors to use this program to buy any of the available Denver HUD Homes. Only buyers who will live in the property as their primary residence will qualify for this program.

2.) You must use an FHA loan: While a requirement, this provision has some advantages. FHA loans typically allow a co-signer, so you if you need help to qualify (i.e. relatives, etc) FHA allows that. Also, HUD is allowing buyers to use FHA 203(k) loans. These loans allow you to finance not only the purchase price, but also the repair and fix up costs that typically are involved in Denver HUD Homes.

3.) All offers must be “full price”: This requirement needs some explaining. If a property was originally listed for $120,000, but HUD reduced the price to $110,000 prior to you submitting an offer, “full price” would mean $110,000, not the original price. In addition, you can still ask for HUD to pay for up to 3% in closing costs from the “full price” offer. So, in our $110,000 example, you could make an offer for $110,000 and ask for HUD to pay for $3,300 of your closing costs too.

Now that you know how HUD’s $100 down payment program work, what are you waiting for? This could be the easiest path to home ownership that’s been available in years!

I was running market statistics for one of our clients for all of the Highlands Ranch Condos. I’ve pulled the stats for the last month and thought I’d share them here with everyone.

 Keep in mind, these are the stats for all Highlands Ranch condos and townhomes. This is not a list for a specific complex. If you’d like the data for a specific complex or area in Highlands Ranch, send me an email or give me a call.

As you look at these stats, the most useful number is the Price / sqft. You’ll see the difference between sold price/sqft and listed price/sqft is $8 or roughly 5% per square foot difference. This is consistent with what we’re seeing as far as list / sold price variance goes. Somewhere between a 3%-5% difference between the price a home is listed at and what it sells for.

As with all our stats, your individual home will be different and pricing depends on many factors. Give us a call at 303-817-0209 to discuss your specific situation.

You can always search all Highlands Ranch Homes for sale on our website.

Highlands Ranch Condo Stats: 

“Based on information from Metrolist®, Inc. for the period September 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.