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Great Deals Near Coors Field

by Roberts Johnson and Rachel Diedrich, Real Estate B

Call Bobby for more information on these fabulous townhomes featured in this Saturday's Denver Post.

Six blocks from Coors Field, a slow pitch today on some new, edgy townhomes, offered at half their original price


Two months before the first ball is tossed out at Coors Field, a bank is throwing a meatball of a pitch today, high in the strike zone, for anybody who ever dreamed about having one of those edgy, contemporary townhomes within a short walk of the ballpark.

The Ballpark District's 'Trellis' project opened its models exactly two years ago, at a time when buyers were just beginning to balk at their listed price range -- $650,000 to $775,000. Today you can tour five homes from Trellis that late last year, ended up back at the bank - relisted as of today from as low as $315,900.

That's over half off on No. 2543 Lawrence Street, a new 1,862-square-foot home with 2-1/2 baths, attached 2-car garage, and a rooftop deck with a view of the ballpark six blocks west; originally $650,000. A few doors down, the new price on No. 2531, with a lavish full-floor of master suite plus the other goodies, originally $775,000, is now $349,900 - way over half off.

"They want them gone ASAP," says Rike Palese of Classic New Home Sales, handling the event for the receiver, and who adds that qualified buyers who write a contract by tomorrow night will pay no HOA fee for a year. "At prices in the low-to-mid-threes, we're talking what you might expect to pay at today's reduced prices for a 1,200-foot unit, not one with over 1,800 feet."

Meanwhile, says Palese, the quality of builder Spectrum Construction's design comes across very strong--dramatic in the use of vertical space; showing open staircases in stainless and hardwood beside expanses of glass. Entry levels have a big flex space that works as a home studio...and wide-open masters with his-her closets, spa baths, vessel-style his-her vanities, and ceramic walk-in showers.

And that's not to mention some glass-floor elements that will take a party guest's breath away as she steps out over open space while crossing a hall to a bath. The Coors-view rooftops (all have some kind of view of the mountains) are both dramatic and utilitarian; a place to orient yourself to the 'RiNo' district a few blocks west, or east toward the downtown skyline and a view across a new city 'eco park' taking shaped across Lawrence from the homes.

These are real townhomes, by the way -- nobody above or below, and are already eligible for FHA loans at low fixed rates, 3-1/2% down. "You can close right away," adds Palese. "For anybody who has wanted to live downtown it's an awesome opportunity." If coming from Coors Field, take 20th Street east, another three blocks past Blake to Lawrence, and turn north six blocks.

Old House Fair February 5 Features National Old House Author

by Roberts Johnson and Rachel Diedrich, Real Estate B

Denver’s Old House Society’s Old House Fair, scheduled for Saturday, February 5, 2011 from 9:00 am - 5 pm at the Tivoli Turnhalle, 900 Auraria Parkway, is the only one of its kind west of the Mississippi River, offering information, resources and workshops specific to homes over 50-years-old. The $12 tickets are available at King Soopers stores, on-line at TicketsWest, http://ticketswest.rdln.com/, and at select retailers, http://denversoldhousesociety.org. Tickets are $15 at the door. The fair features national author, speaker, TV personality, Jane Powell, and partners with the “Saving Places” Conference, the largest historic preservation seminar in the country.

 

Contact: Elizabeth Jeanne Wheeler, 303-459-4710, Historicgenie@aol.com

Mountain Views In Gated Fairplay Communtiy

by Roberts Johnson and Rachel Diedrich, Real Estate B

Check out our newest listing with amazing mountain views, vaulted ceilings, open floor plan on 1.85 acres of land in Fairplay Colorado.  Easy drive to World Class Skiing, National Forest, Hiking, bike trail, and much more!  Located in a gated community with fishing and Club House:  Check it out: http://www.cooldenverhomes.com/property/1992-High-Creek-Road-Fairplay-Colorado

Church of Scientology buys building near Coors Field

by Roberts Johnson and Rachel Diedrich, Real Estate B
Big sale in the LoDo Area:
 
Church of Scientology Pays $8.5 million for McClain Finlon Advertising's ex-home.
By Margaret Jackson
The Denver Post

The Church of Scientology has paid $8.5 million in cash for a building in the Ballpark neighborhood formerly occupied by McClain Finlon Advertising.

Over the past five years, the Los Angeles-based church had considered numerous Denver locations, including the Colorado National Bank Building at 17th and Champa streets that is now slated for a hotel.

It bought the 44,679-square-foot Ballpark building at 2300-2346 Blake Street on Thursday.

The building was listed for $14 million in 2008, following a banner year in commercial real estate, said Kittie Hook, a broker with Cassidy Turley/Fuller Real Estate who represented seller Cathey Finlon.

The property also includes a 90-vehicle parking lot that could be developed.

The church, which has had a presence in Denver since 1971, has 9,200 members here and has outgrown its current space, said Karin Pouw, spokeswoman for the church, which has locations in Englewood, Boulder and Aurora.

The acquisition is part of the organization's program to establish new, expanded Scientology churches in major cities to provide a full spectrum of services to Scientology parishioners and the community, Pouw said.

The building will include public information displays, course rooms and a chapel for congregational religious services, including weddings, naming ceremonies and Sunday services, Pouw said, adding that the site will accommodate outreach and humanitarian programs.

Finlon said she's pleased with the price, even though it's far less than the initial asking price. She paid $2.9 million for the property in 2000 and spent several million dollars renovating it.

"It was a reset of the economy, and we completely understood that," said Finlon, now president of the Denver Art Museum. "We got our money out of it. It was a totally good investment."

McClain Finlon ceased operations in 2008. At its peak, the agency employed 250 people.

Over the past six years, the church's real estate holdings have more than doubled, from 5.6 million square feet in 2004 to 11.5 million square feet today, according to its website.

The Church of Scientology has developed a national reputation for historic preservation, restoring significant buildings throughout the country.

"We work with professionals in adaptive reuse who help us transform the buildings with state-of-the-art infrastructure while preserving and enhancing notable historic or architectural elements," Pouw said. "Historic properties hold personal memories for many people, and because our churches are open to all — to participate in religious services, to be part of community volunteer projects, attend an event or take a tour — members of the community are able to continue to enjoy the building."

 

2010 mixed for Denver metro-area homes

by Roberts Johnson and Rachel Diedrich, Real Estate B
Number sold declines by 10.7 percent, but median price hits $235,000
Check out this interesting article about the Denver Housing Market.
By Margaret Jackson
The Denver Post
Updated: 01/11/2011 02:45:57 AM MST
Buyers were willing to pay more for houses last year than they were in 2009, but the number of homes sold declined compared with the previous year.

Total homes sold in the eight metro-area counties dropped 10.7 percent, from 42,027 in 2009 to 37,522, according to an analysis of Metrolist data by independent real estate consultant Gary Bauer.

Meanwhile, the median price of a single-family home increased to $235,000, up 7.3 percent from $219,000 in 2009.

"There were more homes sold in the $1 million-plus range," Bauer said. "In 2010, there were fewer transactions in the lower price categories, mainly because of the scarcity of inventory."

Sales of homes priced at more than $1 million increased 11.2 percent, from 471 in 2009 to 524 last year.

Meanwhile, sales of homes priced between $200,000 and $300,000 declined 10.6 percent, from 11,149 in 2009 to 9,967 last year.

"In 2009, we were just faced with recession, recession, recession," Bauer said. "In 2010, there were price adjustments and more people who wanted to get into their dream home."

Even though people have started buying higher-end homes, brokers are still keeping a close eye on inventory, said Chris Mygatt, president and chief operating officer of Coldwell Banker Residential Brokerage.

At the end of December, there were 18,867 homes on the market, up from 16,456 during the same month a year ago. Fifty-seven percent of the homes were priced below $300,000, and 6 percent were priced above $1 million.

"One of the reasons our pricing has been on the increase for the past 30 months is because we're coming off historic low inventory," Mygatt said. "As inventory goes up, it's going to put increasing pressure on pricing to go down. The question is: What is going to happen in January, February and March?"

Counties included in the report are Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Elbert and Jefferson.

Margaret Jackson: 303-954-1473 begin_of_the_skype_highlighting              303-954-1473      end_of_the_skype_highlighting or mjackson@denverpost.com




Read more: 2010 mixed for Denver metro-area homes - The Denver Post http://www.denverpost.com/business/ci_17060952#ixzz1Bd4Pencw
Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse

Mountain Properties high on foreclosure lists

by Roberts Johnson and Rachel Diedrich, Real Estate B

Mountain Properties high on foreclosures (an excerpt from The Denver Post, dated 1/12/2011)

Darker days in 2010

Prior to the 2009 surge in foreclosures, many resort-area communities had not endured any real estate declines since the mid- to late 1980s, when the state's oil-dependent economy collapsed, triggering a real estate crash. But 2010 surpassed those dark days.

• Eagle County, home to Vail and Beaver Creek ski areas, saw 599 foreclosure filings in 1987, a record many thought would never fall. Last year, the county logged 618 foreclosure filings.

• Routt County saw its record 234 filings from 1985 overtaken by 2010's 303 foreclosures.

• Garfield County public trustee Bob Slade fielded 644 foreclosure filings in 2010, an 825 percent increase over the county's 25-year average and 400 more than the county's foreclosures in 1985.

Foreclosures in Pitkin and San Miguel counties also climbed beyond previous high marks set during the economic turmoil of the mid-1980s.

It's not just the number of foreclosure filings that is climbing in the state's high country. As big commercial properties fell into default, public trustees logged foreclosures in amounts previously unseen.

In Pitkin County, for example, banks foreclosed on the sprawling base project at Snowmass Village and Aspen's slopeside Dancing Bear fractional ownership project, totaling more than $570 million.

Routt County in November saw lenders foreclose on a $100 million construction loan at the luxury One Steamboat Place project at the base of the Steamboat ski area, marking the largest of the county's 19 commercial foreclosures. San Miguel County recorded foreclosure filings on two hotels in Telluride's Mountain Village worth $153 million.

"We are certainly seeing our biggest dollar volume in county history as well as the largest number of foreclosures," said Janice Stout, San Miguel County's public trustee.

Summit County recorded 350 foreclosure filings last year, falling short of the filing records of more than 400 set back in the 1980s.

And unlike other resort communities, Summit logged a spike in high-dollar foreclosures last year, with many filings for homes worth more than $1 million.

"We had an increase in our high end," said Summit County public trustee Bill Wallace. "Reality is setting in, I guess."



Read more: Foreclosures in Colo. mountains scaling record heights - The Denver Post http://www.denverpost.com/business/ci_17071031#ixzz1Aqnpj1TX
Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse

Free Trees in Denver

by Roberts Johnson and Rachel Diedrich, Real Estate B

Sign up to get your free tree!  Deadline for applications: February 15.  Tree pick-up: April 16.  These trees are strictly for planting along the street (in the public right-of-way), NOT on private property. (For private property trees, consider our fall yard tree program.) Trees are only $25 each and Free to residents in our target neighborhoods.  (Trees this size usually sell for $100+)Apply Online: www.theparkpeople.org or contact The Park People at 303-722-6262

Denver ranked top convention destination

by Roberts Johnson and Rachel Diedrich, Real Estate B

From the Denver Post:

The Mile High City is tops in the world when it comes to places to hold a convention.

Denver earned the designation from a panel of convention and meeting experts put together by Canada's largest newspaper, the Toronto Globe & Mail.

"The Mile High City is no longer a pit stop en route to the slopes of Vail," said panelist Zane Kerby, who has booked the National Business Travel Association's annual convention in Denver for 2011.

Denver won because of its central U.S. location and its cheap fares into Denver International Airport.


Displaying blog entries 1-8 of 8

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Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
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Fax: (303)9635335

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