Monday, September 17, 2007

Homes for sale in Cole Neighborhood, Denver

OK, just to be up front, this is a completely selfish post, blatantly trying to sell real estate in Cole. No, I don't own any of these properties, nor do I stand to gain anything from their sale except hopefully adding another responsible neighbor to the area. But that's enough for me.

I just can't get over how many properties are for sale over here! Yet again, I found a home for sale in our Cole neighborhood this week. It's over on Marion Street, and appears to be very similar to our home--A late 1800's Victorian that has been largely refurbished. Asking price is in the ballpark of fair assuming it is as nice as they make it out to be in the listing, though I am at least a little skeptical because of the used-car-salesman-esque descriptions of the home in the listing ("This is truly the best...").

It does appear to be somewhat updated, and have some original moldings and nice wood floors. While the house could use a fresh coat of paint and landscaping, it certainly has good Victorian charm. (Far more charm than this more mundane listing a couple blocks away.) At least three other homes have been renovated on this same block over the past two years, so it is certainly changing more rapidly than some over here.

One could certainly find a cheaper home over here, but if you're like we were when we were looking and don't want a fixer upper, this might be a good one to look at.

I think it definitely has more to offer than this longtime resident on the MLS. I'm no expert, but after six months or so you might re-take your property photo so that it isn't so obvious that the home has been on the market at least since last winter. Oh, and there's another home on this block that's currently in foreclosure--It looks like a real fixer-upper, but I don't think anyone will be biting on it anytime soon, as it looks like the bank is asking $170,000 for it--When it seems more like a $125k property to me based on how much work will be necessary to get it fixed up.

I also found a couple rental properties on Marion, but I can't believe the asking price after looking at them, at least from the inside. Like $282k for this Vic-converted-into-apartments. There is also yet another residence, a duplex, for sale on this same block, though I can't find a listing for it.

Still shocking to me how expensive homes are over here given how far the neighborhood still has to come. It's not hard to realize why so many find it hard to buy a home. (Heck, we know first-hand, as we barely were able to purchase our own.)

With the yet-inflated prices over here, what must be wrong with this little home to be only 46k?

Anyway, thanks for reading, and come look at some homes in Cole, Whittier, Curtis Park or Five Points. We'd love to have you over here!

1 comment:

Anonymous said...

Great work.