Paved Paradise

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With the first of the construction related road closures, Cherry Creek North is beginning to look like a run-on sentence.  Parking is now the most coveted asset in this upscale neighborhood over the next three years, any residence with 2 dedicated parking spaces will enjoy appreciation.  A residence with 4 dedicated parking spots will see double or quadruple.  The restaurant Hillstone recently entered a 5 year lease on an apartment building that was torn down to create a parking lot, adjacent to the current lot behind the restaurant, going from 35 off-street spaces to 60, paying a pretty high pave penny.

Contrary to the bike hype from the city's chamber, the metro area is a city with a love/hate car affair.  Cherry Creek is not in the zip code of the light rail system,  public transit is not an option and there are only two locations to catch that cab.  To enjoy the touted shopping dining experience that Cherry Creek offers one must drive.   Finding parking is akin to being in the queue as a buyer for a home with multiple offers.  

Hope and prayer?  Not necessarily because JUST SOLD a three bedroom 3600 square foot townhome with not 2 but 4 parking spaces.  The contemporary townhome with an Italianate vibe is one of 4, next door to Hillstone.  The 3 story homes have attached garages with 2 spaces and 2 extra parking spaces in the enclosed private parking area.  Really?
Really!  The townhomes are zoned for office usage on the main level, approximately 900 square feet with a walk-off street front door.  The most recent sale was $244 per square foot, that includes the parking!  With these numbers it is hard to justify not leasing the extra parking to pay the mortgage!

For more information on the townhomes, or other real estate opportunities in Cherry Creek or other neighborhoods in the metro Denver area contact me.  

If you want to escape the asphalt jungle, I can help there too with 3 listings in the wooded and gated Castle Pines Village where the only contender for parking is a golf cart.

All of these areas, and listings are available to view on this website.

Judy Fahrenkrog
Kentwood City Properties
judy@kentwoodcity.com
303-820-2489 posted: August 1, 2013
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Get Lucky!

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How many times have you heard someone say, "We got lucky when we bought this house"?  Well the time is now to go and wake up your luck!  The major price reduction at 2715 Castle Glen Place, $100,000,  is in play.  This is major luck for any buyer!

Castle Pines Village, the 2800 acre gated community located in the southern Denver metro area is the best kept secret in Colorado...but not for long.  Castle Pines Village was a planned development that time released the lots to individuals and builders creating an ongoing cycle of inventory.  The last of the lots hit the market at the bubble creating a release of new luxury product at the beginning of the housing crisis creating a surplus of inventory during a recession.  Breaking  into 2013,  the market picture has changed color!  So get in and get lucky!

The home at 2715 Castle Glen Place was reduced to $1,500,000.  The home is located on a rare double lot in the Glen contiguous to the first fairway of the prestigious Castle Pines Golf Club.  The extra lot affords unlimited mountain, ponderosa forest and fairway views.  The home is stone construction, locally quarried, and true copper roofs and gutter system...the copper in the roof is worth the price of the home.
A main floor master suite with private deck, main floor study and large great room and dining room open to the kitchen area and additional deck.  The lower level boasts a temperature controlled wine and tasting room, full wet bar and entertainng area, three additional bedrooms and an exercise room.  The lower level walks out to the professionally landscaped yard, patios and additional lot.  Thinking pool and casita?  You can build an outdoor living area on the additional lot and control the height and location to protect the awesome views from the house.

Call now for an appointment to view this luxury home.

Judy Fahrenkrog
Kentwood City Properties
303-820-2489
email:  judy@kentwoodcity.com posted: July 25, 2013
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Priceless!

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Seeing a Super Moon off the deck of a home on the first fairway of the Castle Pines Golf Club's International course, sipping a wonderful beverage under starry night skies, hearing a soft murmur of a distant train, firing the olfactory senses with a pine scent, watching a pair of twin fawns following their mother...
Priceless, well at the most elegant listing in Caslte Pines Village that has just been reduced in price, the opportunity to live this dream is priceless.

The double lot home at 2715 Castle Glen Place and a cover property on this website has just been reduced to $1,500,000!
This Glen home's double lot affords uninterrupted mountain and golf course views and expansion abilities for a guest casita or pool and casita.  The home's professional landscaping compliments the indigenous ponderosa and scrub oak forest and the natural stone construction with a solid copper roof bringing ultimate sophistication to the location.

This home won't last, so contact me for a private tour of the ultimate opportunity to own this priceless dream.

Judy Fahrenkrog
Kentwood City Properties
303-820-2489
judy@kentwoodcity.com posted: July 23, 2013
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The Cherry Monk

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The legend of the Cherry Monk, featured on the poster of the 2013 Cherry Creek Arts Festival, is a tale of a monk that bicycles to the top of a mountain to pick and gather cherries from a tree of enlightenment for the deserving members of the village below, however the road down the mountaintop is so rutted that the cherries spill from the basket and scatter randomly.  Only the luckiest villager receives the enlightenment.  Feeling lucky and random?  Maneuvering today's residential real esate market requires both luck and enlightenment!

With record low inventory, and rapidly changing interest rates, the buyer in today's market needs a combination of finesse, enlightenment and luck.  Many homes in highly desirable areas are receiving multiple offers within a few hours of launching to market.  The winning buyers begin their search with pre-qualified letters from reliable lenders and ample earnest money....enlightenment.

Some of the hottest neighborhoods in Denver are the Highlands, Washington Park, Observatory and University Park, Denver Country Club and the Cherry Monk's favorite Cherry Creek.  To engage in this real estate game, don't depend on the random scattering of great listings to roll from a bicycle basket...connect with a real estate specialist, preferably one that lives and breathes your desired neighborhood.

As a resident in Cherry Creek, and a fourth generation Denverite with homes in Hilltop and Park Hill, I have the knowledge and expertise to help you manage the search.

For more information contact me at Kentwood City Properties.
303-820-2489 or judy@kentwoodcity.com posted: July 9, 2013
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The Real Estate Within

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Is the most expensive square footage of real estate the dining room in your own home?  So you need a large dining room for the table that sits twelve chairs comfortably because you have a boxed set of Thanksgiving china with accessory pieces that dare to be broken once a year?  Didn't think so.  
Time to take stock and get clear with how you live, and then look around your home to determine if the real estate is still valuable.

A living room that gathers dust can play out as a different culture center...need a playroom for the kiddos?  Many interior designers will inject new life into unused rooms by simply adding what is missing.  Turn that stale living room into a library with a long table used as a library table when not in use as the dining table, shelve the walls with books, photos, a TV and add the oversized sofas or chairs...voila!  Next step, turn the unused dining room into a home office with homework stations for the kids...use it as the smart location with all the plugs and the room will get heavy use.  Everyone may be on their own tablet, but they will be within the same real estate.

Rooms are like people, they need character.  If the room is the classic look right out of the last issue of any number of magazine glossies, then perhaps the character of the owner is indeed lifted off the page.  Guests come to your home because they want to be with you and soak up that aura of friendship, can they do it in a room that suggests you live along Central Park rather than Wash Park?  If the room characterizes the owner, than you have a room with more user visits, therefore useful real estate within.  

If you have tried a number of these options and still cannot make all the empty space and real estate within your home work, give me a call and we can find a home that suits your lifestyle.  I work with buyers and sellers in the Denver area, city close and country wide.  For more information go to...
judy@kentwoodcity.com

Judy Fahrenkrog
Kentwood City Properties
303-820-2489

posted: June 17, 2013
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MOVE DENVER

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Etymologists define the Latin root of motivate as "motare", to move in a fashion, shake it up, stir...so let's get MOTIVATED and MOVE.

Now is the time to MOVE DENVER, get motivated, stir it up because this record making housing market will not last.  In the hierarchy of motion, what goes up must certainly move, so which side of the arrow motivates you?

Abraham Maslow discussed human motivation through the hierarchy of needs, the most basic is eating, sleeping, breathing and the second tier upwards is security of home, property, employment.  From those first two tiers the move is up to love and belonging then on to respect, achievement, self-esteem towards the top tier of self-actualization; think Pyramid and then think like an Egyptian.  The epitome of self-actualization is the top of the pyramid, but why not live in something more "livable" .

There are many areas in Denver that have seen market movement at a motivated pace, but a too well kept secret in the metro Denver area is Castle Pines Village.  Many of the luxury homes in the packet of listing inventory are for sale at motivated prices.  This is your chance to live the dream and move into an estate quality home on exceptional acre plus lots with native landscaping that captures the essence of Colorado...truly where Denver becomes Colorado again.

So, time to get your move on.  For more information on the luxury  homes in Castle Pines Village or other neighborhoods in the Denver area, give me a call.

Judy Fahrenkrog
Kentwood City Properties
303-820-2489
  posted: June 12, 2013
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Buyers Take Your Mark...

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...Get Set... no false starts here...the summer buying season is off and let the Buyers Beware, it is HOT!  With very low inventory and a housing market that catapulted with jet propusion into a market favoring the Seller,  every minute counts.

If you have not read the article by Michelle Higgins in the Sunday Real Estate section of the New York Times, it is informative and to the point of the housing market these days.  Of course, you say, " iI's New York!", however,  be wise and take notes as the boot camp for buying is not exclusive to New York real estate.  Several of her points are more than relevant to the Denver area market, and points that buyers should use as their offensive game plan.

Some of the strategies are:
1.  DON'T WAIT FOR THE OPEN HOUSE.  Schedule a showing for the week prior to the first open house and use the open house as your second visit.
2.  FORGET ABOUT GETTING A DEAL.  Multiple offers are flying through the doors of well priced listings.  Contingencies and room to negotiate will only make you lose the baton.
3.  DON'T DELAY. Being first in allows you the position to bring the offer up if there are other bids.
4.  BE PREPARED.  Have a prepared lender approval letter or buyers financial statemet along with a short resume/bio.  This creates a level of confidence for the seller that the offer is sincere and credible as opposed to an offer that will just tie up the property. 
5.  RAISE YOUR DOWN PAYMENT. The new normal is higher than 20% and making a portion of that earnest money non-refundable gets you in the game!
6. BEWARE CONTINGENCIES.  Be prepared to keep additional provisions limited.  If there is a loan to be approved, keep the inspection objection period short and keep the list necessary.  Appraisals are beginning to keep up with the fast increase in housing values, but have the clarity and perhaps cash to make up the difference.
7.KEEP YOUR EYE ON THE PRIZE.  In bidding wars, buyers need to be prepared to bid high or add escalation clauses, but the walk-away number should stay within the buyers psyche.
8.TIME IS OF THE ESSENCE.  Point taken.

The most important point or strategy that Michelle did not mention is the agency relationship with a Realtor.  The internet is often helpful in assistin buyers durin the home search, but often the various websites have either incorrect information or the houses listed are no longer available.  The internet sites do not list the ever increasing "coming soon" housing inventory that many buyers are using to their advantage.  Get a coach, your Realtor, that will give you the time and the professional advantage to get you to the finish line with the property that is first on your list.

Contact me for more information about the Denver real estate market.  I work with Buyers and Sellers in the city close areas of Denver and as far south as Castle Pines Village.  I have been a Realtor for over 30 years.

Judy Fahrenkrog
Kentwood City Properties
303-820-2489
judy@kentwoodcity.com

The information in this blog was based on the article in the Sunday, June 2, 2013 New York Times Real Estate p. 10
by Michelle Higgins. posted: June 4, 2013
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Dressed Up or Addressed Up?

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The newest of the the new in the vertical social status is the zip code...not the area code as the mobile phone replaced the land line.  The zippiest way to find out if someone has that certain swagger is the digital way. 

Denver has a few toney neighborhoods,  usually ending in 80206..perhaps 80202.  The owners at Four Hundred East Third number 903 with an 80203, chic code, just changed out their closets...SOLD!

Yes, the 903 unit in that building with southwest corner views from Pike's Peak to Downtwon Denver was on the market and under contract within hours and closed in one month.  The new owners are officially addressed up!  

Four Hundred East Third is just west of the Denver Country Club's golf course, just south of Speer Boulevard, just north of Washington Park and within walking distance to the Cherry Creek Mall. The steel and concrete contemporary high rise has a 24 hour concierge, underground private parking, a business center, fitness center and two entertainment centers.
Many of the residents are half year or pied a terre owners, finding Four Hundred an easily accessible place for the quick change.  It is within minutes to the Denver Center Arts Complex, black tie anyone?, and if you have just travelled downhill from your mountain abode,  a great place to house the Louboutins.  It is within minutes of all the sports venues from Bronco football to Rockies baseball...also a great place to change out the jersey shirts for our southwestern and midwestern neighbors that migrate to Denver for home games.

For more information on this stunning address or any other notable zip codes, don't hesitate to contact me.  I have placed clients in the most sought after zip codes in the Denver area for over 30 years.

Judy Fahrenkrog
Kentwood City Properties
303-820-2489



posted: May 27, 2013
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GOT PARKING!

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JUST LISTED AND JUST UNDER CONTRACT!

Cherry Creek North, one of the hottest neighborhoods in Denver just got hotter.  Amidst the change that is coming to this toney residential and business district, the inventory of existing residential product is quickly vanishing along with available parking. 

Three major development projects have been approved and construction begins summer 2013....Summer/Memorial weekend/NOW!
The entire block of Columbine from Second Avenue to Third Avenue will be razed for new construction, the corners of Second Avenue and St. Paul and First Aveneue and Steele are construction zones.  Hillstone's has just leased more parking for their popular restaurant, on Third Avenue and University...where the apartment building was yesterday but is gone today!  Cherry Creek is under the ether...major facelift...so if you have not bought into the "hood" yet, get on it!

333 Josephine Street Unit #2 is the perfect Cherry Creek property.  A 100 % Walk Score, located across from Manley Park, next to Hillstone's, a one and one-half block from Whole Foods, less than a block from the fantabulous new boutique JOI and many more shops and "foodie" restaurants.  It is walkable to the Botanic Gardens summer concert series and sitting on the deck on a Wednesday evening, you can hear enough music from the Elway's concerts to be enticed to walk, yes, walk over and join in on the fun!

Josephine Townhome Properties are not only superior in location, but the exterior is contemporary with a European flair, stucco and terra cotta tile.  There are four townhomes with 3 floors of living space and the bonus is the main level office/bedroom area with a walk-off door and small courtyard, zoned for office, up to 3 persons, to lease out or utilize for live work.  With office and residential vacancy rates at a premium, the rental income more than pays the mortgage!

The location is great, the untis are stunning and the POWERBALL is the parking...4 PARKING SPACES!  There are 2 spaces in the attached garage and 2 additional parking spaces per unit in the enclosed parking area. BINGO!

Missed this spectacular property?  Don't let that happen again, contact me for more information on Cherry Creek real estate, the future developments and more COMING SOON LISTINGS!

Judy Fahrenkrog
Kentwood City Properties
303-820-2489
judy@kentwoodcity.com

posted: May 20, 2013
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Past Perfect

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In a recent article by Lynn Yaeger in the New York Times,  the focus is not on the home "make-over" but the "make-under", or when to leave well enough alone.  Part of the charm in so many homes is not what to remodel but how to remodel without looking, well, remodelled.  This is the ultimate facelift, when friends and family discuss how rested you look as opposed to how much work you have had done. The secret is in the sauce.

Since the home building boom screeched to a halt a few years back, home buyers have found it necessary to consider homes built during decades that have long past.  In a charming area such as Washington Park, many homes are now being considered too good to scrape because buyers don't want to lose the look of the neighborhood that has brimmed with the Denver bungalow.  Most homes in the area have no off-street parking, either built without a brick and cold one car garage or the garage became part of a renovation that created an extra bedroom or workshop or artist studio.  The residents of Washington Park don't really expect much in the way of off-street parking, a parking pad in the backyard will usually suffice as long as the pad doesn't mess with the patina of the well worn sidewalk or exposed brick walls.  It is as if the neighbors would wish spray dirt in a can, make the new residence or addition look as if it had been there from the beginning.

The make-under is the new trend in many urban areas.  The big box replacements of charming homes that were part of the neighborhood's history are not the urban chic once desired.  The uber buyer would rather buy the sub-zero refrigerator then have the manufacturer's doors replaced with period door fronts.  The hardwood floors are meticulously reconditioned to leave the story there.

If you would like to see a past perfect home in the Washington Park area, visit the 245 South Lafayette Open House on Sunday, October 14, from 2 to 4.

For more information homes in the metro Denver area visit
www.denverrealestate.com
Judy Fahrenkrog
Kentwood City Properties
303-820-2489 posted: October 10, 2012
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