Little Red as I’m calling the home was a personal deal for my wife and I.

We sold an investment property a few months back and did a 1031 exchange into Little Red.

The main draw of the neighborhood is proximity to local trails in the Chautauqua area and Colorado University.

On the financing side we were able to secure a DSCR (debt service credit ratio) loan, which keeps the mortgage amount lower during these higher than desired mortgage rate times.

Moving forward on Little Red, we’re updating the kitchen and main bath areas, had moldy insulation removed and new insulation added, installed a radon mitigation system, replacing all windows,  and a few other minor updates to get it rental ready. I’ll do a post renovation post for those of you interested.

This process of buying homes in need of some love, updating them, and holding them versus flipping, has a fancy acronym that we’ve repeated many times throughout our investing career: BRRR, which stands for Buy/Rehab/Rent/Refinance

We’re not be doing the refinance part on this one, I’m happy to discuss the pros/cons doing that if you’re an interested BRRR investor!

The post Just Sold: Lower Chautauqua (Boulder) Single Family appeared first on Denver & Boulder Real Estate.

Sold Price: $1,696,200

I represented the Buyer on this Evergreen home with 11 acres for sale on Upper Bear Creek.

If you’ve never been on Upper Bear Creek Rd it’s worth the drive just to check out the homes along the creek! The creek itself ends up in Evergreen Lake, one of the best attractions in Evergreen year round!

Back to this home…it sits on 11 acres with incredible views of Mount Blue Sky (used to be Mount Evans) from the living room and large exterior wrap around deck.

Buyer was able to get a fair deal on price and Seller worked with us to address some inspection related items prior to closing, including a new roof!

Evergreen is quite large and different areas offer unique challenges, ones your agent should be well versed in. Well & septic are two main items that require a different approach than your typical city home (good thing for you if you’ve read this far, I’m well versed in mountain properties).

Reach out if you’re also interested in Evergreen Real Estate for sale, happy to help!

The post Just Sold: Evergreen Home on Acreage with VIEWS appeared first on Denver & Boulder Real Estate.

Sold Price: $485,000

At my age (early 50’s now) I just don’t get to work with many first time homebuyers anymore (although the average age for first time homebuyers is going up…now about 40 yrs old per National Association of Realtors).

I enjoy helping first time homebuyers because I strongly feel real estate is a great way to set yourself up later in life!

These clients started their search looking at townhomes, but after breaking down the math with increased HOA/Insurance costs they pivoted to try and make a single family work (also better chance of appreciation vs the townhome product).

They ended up getting a good deal, and some inspection items addressed prior to closing, on this SW Denver mid century ranch with 3b/2b spread out over the main floor and basement.

With some capital improvements the clients plan to do they should be able to look at a refinance in the near future to get rid of mortgage insurance from their monthly payment.

Rates have been fluctuating but savvy Buyers are getting some good buys and able to get inspection items addressed in this market. Remember 2022: bidding wars offering up your first born and buying ‘as-is’? Those days are long gone, but inevitably we’ll be getting back to that at some point in the future, so might as well start now.

Reach out if you know of any first time home buyers in the Front Range, I’d be happy to assist and am always grateful for the referral!

The post Just Sold: SW Denver Mid Century Ranch appeared first on Denver & Boulder Real Estate.

Sold Price: $651,800

The overall market for attached units in and around Denver involves long days on market and a slight drop in valuations.

This transaction, a 4 story townhome in central Jefferson Park, just sold below the average days on market and at market value.

There are several reason why we were able to accomplish this win for the Seller: I hired professionals to take still photography/videography/drone footage, hired a staging professional so Buyers didn’t have to try and envision how the unit could be organized, and lastly diligent follow up after all showings which lead to a qualified Buyer and very qualified Buyers Agent getting it sold.

Here’s a few of the photos showcasing the marketing and staging that certainly was needed to secure this win:

The post Just Sold: Jefferson Park Townhome with Rooftop Deck appeared first on Denver & Boulder Real Estate.

Sold Price: $782,000

I represented the Seller on this sale who spent a lot of time prepping and getting this home ready for sale which paid off in the end!

Add in professional marketing and staging, that’s the recipe to moving properties in today’s market.

Reach out for more info and tricks used to make this one stand out in a market with increasing inventory.

The post Just Sold: Wash Park/Platt Park Tudor appeared first on Denver & Boulder Real Estate.

My clients got some good purchase equity due to the appraisal being significantly higher and the Sellers were able to relocate out of state knowing the Buyers were solid.

Sales Price: $1,600,000

Park Hill is an established neighborhood on the east side of Denver known for its mature tree lined streets, homes that are over 100 yrs old mixed in with newer ones like this one, boutique shops, and restaurants that have been in operation for a long time! Park Hill is large, it includes N Park Hill and S Park Hill. I’m always happy to discuss in further detail if the area is of interest….

The post Recently Sold: Park Hill Modern Single Family appeared first on Denver & Boulder Real Estate.

Sold Price: $897,000

I am happy to report my Sellers on this updated 5b in Louisville were able to secure a full-priced offer and successfully closed. This result was a team effort that was hard-earned by all involved, starting with the Sellers who did a great job getting the property ready for me. In addition, the staging crew, and the marketing/media team did an excellent job. As you can see from the photos the staging crew did a great job with furniture and art selection. I then was able to get one of my preferred media company in to capture all this hard work which translated well to the actual listing. Make sure you’re hiring a ‘team’ in this market, it’s what it takes to get these desired results!

Louisville is known for great schools and this property is just down the street from Fireside Elementary, one of three great Louisville elementary schools. A quick walk or bike ride gets you into the Old Town section of Louisville, a downtown area where the historical charm from long ago is still preserved. During the summer months, there is a great Farmers Market and a Street Faire with live music on Friday nights.

Are you interested in Louisville and the area as a whole? Feel free to reach out to discuss some great options. My family has called Louisville home for over 15 years now!

The post Louisville house sold with full priced offer appeared first on Denver & Boulder Real Estate.

Sold Price: $1,070,000

I recently was able to help friends and past clients get into this large 6b home in the Broadlands on a spacious lot.

If you’re looking in the Broomfield area the Broadlands should be on your list. It’s a golf course community with a great course if you’re a golfer. Otherwise, the neighborhood is roughly 30 yrs old with mature trees and more character than the newer subdivisions. You also get a lot more for your $$ in Broomfield by going just a little east of Boulder County…

Reach out to discuss further if this is something that lines up with what you’re looking for yourself!!

The post Just Sold: 6b Home in The Broadlands appeared first on Denver & Boulder Real Estate.

Sold Price: $598,000

My team represented first time homebuyers on this like new Sterling Ranch home in SW Littleton. Thanks to good friends and past clients for the referral!!

Micah Frankel took the lead and did a great job negotiating a sweet deal for our clients.

Unfortunately the first property we got under contract for these clients ended up having severe structural issues and we had to terminate; however, it lead to getting this property and one our clients are even more psyched about!!

If you’re interested in starting down the path of home ownership my team is here to help, reach out to discuss further.

The post Just Sold: Sterling Ranch Single Family Home appeared first on Denver & Boulder Real Estate.

Sold Price: $1,150,000

I represented the Buyers on this transaction who decided to upgrade their primary residence to this large 5b home in a great central Louisville location.

The house is located in a desirable cul-de-sac close to Fireside Elementary, the Louisville Recreation Center, and endless trails that lead to the Old Town/Downtown section of Louisville.

The post Just Sold: Fully Updated 5b Louisville Home appeared first on Denver & Boulder Real Estate.