This Week in Central Park Real Estate 10.13.23
Today is Friday the 13th! How often does Friday the 13th occur in October? Not too frequently! The last October 13th that fell on a Friday was in 2017 and the next one will be in 2028…. Hopefully this doesn’t mean unusual mischief this year!
Let’s talk about what has been on everyone’s minds lately, interest rates. Yes, interest rates are still higher than anticipated, but this doesn’t mean it’s a terrible time to buy! Buyers can take advantage of offerings such as buydowns. For example, a 2-1 buydown will lower your interest rate by 2 points in the first year and 1 point the second year. By year three, you are back up to the initial interest rate on your mortgage note, but you can always refinance if rates have dropped by that time (or anytime over your buydown period!), which they are forecasted to do. This is an excellent way of securing a lower monthly payment temporarily to get into your dream home!
Upsides of purchasing a home right now? Central Park inventory is robust from what we have been experiencing over the last few years with over 80 properties currently listed in the MLS. We are hearing people waiting for rates to go down, that’s just going to drive competition again so definitely explore your purchasing options right now and let’s get creative on how to take advantage of this unique market! Need help on where to start? Give me a call, let’s chat!
Need a fall activity for the weekend? Swing by Stanley Marketplace on Sunday, October 15th from 11am-4pm for their Fall Festival! Costumes encouraged!
Get a jump start on Ski Season with Lisa’s inside guide to The Scoop on Skiing in Colorado this Season 2023-2024.
Have you done a yearly check on your home insurance? Here are a few tips from Jen Mathes with The Mathes Group to help ensure you are getting the best rates! What Home Features Can Provide Discounts On Your Home Insurance Policy
Each week we share these types of posts on the Central Park Scoop blog but to get the info even quicker follow the Scoop on Facebook, IG and YT!
On to the current Real Estate market, let’s jump in!
New Listings
This week we had 11 new resale listings hit the market in Central Park.
Check out this new listing that caught our eye:
6288 Dallas St:
Listed by Mariel Ross of Focus Real Estate for $1,300,000, this one-of-a-kind Parkwood offers unparalleled Front Range views and designer touches abound, from the custom designed floorplan with enormous kitchen featuring a luxurious ILVE black and gold range, 60” Dacor built-in refrigerator, wood beams and solid granite backsplash to the expansive covered porch overlooking the Bluffs Park in North End. It features 4 bedrooms and 3.5 bathrooms with soaring ceilings and hardwood floors. It includes a private study, an incredible backyard, and an unfinished basement. Open House Saturday, October 14th from 12:00pm-3:00pm and Sunday, October 15th from 12:00pm-2:00pm.
Under Contract Homes
This past week 18 homes went under contract in the neighborhood.
Sold Homes
There were 6 homes that closed last week ranging from $286,602 to $1,345,000. If you’re curious what your home is worth, we’re always happy to do a free, no-obligation valuation if you’re considering a future sale.
All Active Homes
There are 69 active resale listings on the market in Central Park right now, with another 13 homes that are either quick move-in or ready to be built. We have the latest information from the remaining builders on what’s available. Have questions? Please reach out!
Of the current listings, here are a few that caught our attention:
9722 E 35th Ave: $1,225,000
Don’t miss this exceptional opportunity to own a stunning Parkwood “Chesapeake” nestled on a tranquil street, facing the expansive Sand Creek Prairie park in sought-after Eastbridge north! This exquisite 4-bed, 4-bath residence boasts a complete 3rd-floor suite and a picturesque backyard, poised to create enduring memories. Custom millwork, gleaming hardwood floors through the first 2 levels, and upgraded lighting adorn this residence, lending it an air of timeless elegance. Trails right at your doorstep and the Central Park Recreation Center just around the corner provide daily opportunities for relaxation and rejuvenation. This ultra-convenient location grants easy access to a plethora of dining and shopping options at Eastbridge Town Center and Stanley Marketplace. Listed by Mariel Ross with Focus Real Estate. See the 360 self-guided tour here!
5987 Boston Ct: $759,000
Nestled in the heart of Beeler Park and tucked back on a lush courtyard, this beautiful 3 bed/ 2.5 bath home will delight you with contemporary finishes, rich hardwood floors and a professionally landscaped backyard! A short distance from the Shops at Beeler Park and Beeler Plaza which boasts endless fun in the river-like water feature. Ride to the High Plains Pumptrack or Splash Landing Pool! Miles of trails around Rocky Mountain Wildlife Refuge right outside your doorstep! Listed by Rebecca Fawcett with Focus Real Estate. See the 360 self-guided tour here! Open House this Saturday, October 14th from 1pm-3pm.
Curious about listing outside the neighborhood? We can help with that too! Below is a new listing in the Painted Prairie community listed by Joe Phillips of Focus Real Estate.
6052 N Perth St: $577,000
Listed by Joe Phillips with Focus Real Estate for $577,000, this single-family home located in the Painted Prairie community offers sleek finishes, 20-foot-high ceilings and modern vibes throughout! Nestled on a serene grassy courtyard, this contemporary home boasts 2 bedrooms and 2.5 bathrooms as well as a loft. Step out to the balcony/deck, where you can enjoy tranquil courtyard views and a glimpse of the majestic mountains in the distance. This property is the perfect urban-suburban haven for professionals seeking a modern and convenient lifestyle with close proximity to the light rail for easy commute to Downtown and DIA. See the 360 self-guided tour here!
For Rent Homes
In the link above you can find all the homes for rent on Zillow in Central Park.
Now that we’re providing property management in the neighborhood, we’ll start to mention our coming soon and new rental listings in our weekly updates so you’re in the loop. Right now we have 2 new properties to share with you!
6240 N Florence Way: Rent $3,095/mth
This brand new Brookfield “Tealight” single family home is available now! It has 3 beds + a loft upstairs, faces West onto a large shared courtyard and includes an unfinished basement and 2 car garage. For more info see the Zillow listing or call/text me at (720) 299-1730 for a showing!
11551 E 26TH Ave: Rent $3,195/mth
This immaculate South side KB paired home with 3 bedrooms, a loft and a finished basement is going to be listed for rent tomorrow!. It’s a short bike ride from the Anschutz Medical Campus and it’s available immediately. Rent $3,195/mth. For more info or an early showing call/text me at (720) 299-1730.
Lastly, for landlords, we recently wrote the two blog posts below to provide helpful info regarding some rental law changes and to help them navigate the Denver Rental License they need by 1/1/24. (Time is running low! Need the “easy button” on all this rental stuff? We manage properties in and around Central Park! You can learn more on our property management website or you can call me directly at (720) 299-1730.)
4 New Laws Colorado Landlords Need to Know About
3 Steps to Navigate the Denver’s Residential Rental License Program
If you have a property you’d like managed, please keep us in mind! Here is our pricing and services page if you want to check out what we do. We can take that off your plate and let you focus on other things in your life. For new clients, we’ll help you through the Denver Rental License process at no charge above the hard costs of the third-party home inspection and online City application fee. ($224 in total).
That’s it for this week! If you want to talk Real Estate or really anything you think should be on the Scoop, let’s chat! Send me an email at [email protected] or feel free to call/text me at 303-434-1646. Rebecca
**Focus sells homes for a 2.0%- 2.5% listing commission. Neighborhood experts, flexible commissions**
Disclaimer: Our Friday real estate updates are meant to be a “roundup” type post where we discuss all listings in Central Park, not just our own. It’s our way of making sure we follow the market closely and we share it with the Scoop readers because we know many of you like to track real estate in the area as well. Many of the listings in these posts are not our company’s listings and we wanted to mention that here to make sure it’s clear. Thanks for reading the Scoop!
