Gabriels New Homes Widget
Today's Denver Real Estate News
Redevelopers of old East Denver YMCA say they’ll “meet a promise to the community” with rowhomes priced under $375,000
A 112-unit townhome development is rising from the site of the former East Denver YMCA north of City Park.Read more
Unlike many of Denver’s recent infill projects, though, Skyland Village at East 31st Avenue and Wilson Court will include a mix of moderately priced and high-end units, with rowhomes starting at $299,000 and going up to the mid-$600,000s.
“We meet just about every buyer out there,” said listing agent Bryon Horvath of Wild & Mild Homes.
About a third of the 68 units planned for the site’s north side will be priced under $375,000, said Patrick Guinness, one of the Skyland’s developers. (All 44 units on the south side, with rooftop decks and two-car garages, will be high-end units.)
WHAT: 4101 East 17th Avenue Parkway is a three-story Greek Revival mansion, with seven bedrooms and eight bathrooms located in Denver’s South Park Hill neighborhood. The home was built in 1907 and is situated on an 11,000-square-foot lot.Read more
PRICE: $1.595 million
SIZE: 7,080 square feet. $225 per square foot.
LOCATION: Park Hill, located in the northeast part of Denver, is a historic neighborhood known for its tree-lined streets and classic architecture. According to realtor Taylor Lawton, Park Hill residents take pride in the community’s history and diversity — both racial and architectural. “People who like Park Hill, love Park Hill, and tend to move up within the neighborhood,” he said. Colorado Gov. John Hickenlooper has chosen Park Hill as his home, rather than the governor’s mansion at the corner of East Eighth Avenue and Pennsylvania Street. The property is a short walk from City Park and its attractions, and offers an easy trip to downtown.
Porchlight Real Estate GroupThe living room of 4101 E 17th Avenue Parkway features original hardwood floors and coved ceilings.
ABOUT THE HOUSE: Perched above 17th Avenue Parkway and set back on its large city lot, the entry is framed by grand columns that highlight the blue door and red brick front porch. Mature landscaping and an iron fence provide a stately street presence.
Inside, the 1907 home has been meticulously brought up to today’s standards, including mechanics, plumbing and structural, but much of its early 1900s character remains. Historic details include archways, coved ceilings, original hardwoods and built ins. The contemporary kitchen features a curved layout, maple cabinets and granite countertops and was updated in 2001. The large master suite includes an office area with coffee bar, a gas fireplace and a private balcony overlooking 17th Avenue Parkway.
There are two additional bedrooms on the second floor, and two more on the third level along with a guest or children’s retreat.
The garden level contains a 2,100-square-foot, one-bedroom apartment with a separate entrance, that can be used as a nanny quarters or mother-in-law space. Lawton said the apartment also would fall into the rules set by the city for use as an Airbnb rental.
The backyard contains a covered herringbone-patterned brick patio, a pond with fountain and a two-car garage with upstairs storage.
There were 25 percent more starter homes available in metro Denver at the start of 2017 than at the start of 2016, and about a fifth more trade-up homes, according to a report Tuesday from the real estate firm Trulia.Read more
But the inventory in those two categories is so depressed that first-time home buyers or those hoping to avoid a heated bidding award on a more affordable property aren’t likely to see much relief.
“Those big percentage increases amount to small nominal increases” Trulia’s chief economist Ralph McLaughlin said. “It is a drop in the bucket.”
Still, something may be changing in the market. The starter-home inventory has seen annual increases for four straight quarters, and with each passing quarter, the percentage change is getting larger and larger.
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