3077 S. Madison St.

Neighborhood:           Wellshire/ Southern Hills

Style:                Ranch

Year:                            1954
Square Feet:               1,955

Bedrooms:                  3
Baths:                          2
Car Storage:               2 car attached

Earnest Money:           $10,000

HVAC:  Central AC, Gas, Forced Air

Taxes:  $3,772 (2011)

Click photo for virtual tour or visit www.3077SMadison.com

This beautifully remodeled home features an open floorplan and has been updated with luxury for the modern family  lifestyle.  The kitchen is open and inviting with a breakfast bar for little ones or guests to gather around.  Relax in the huge backyard where mature trees provide just enough shade to catch the breeze under the covered patio.  The bedrooms are on the opposite side of the house from the living areas for ultimate comfort and privacy in this sprawling ranch.

▪  New roof

▪  New electrical

▪  New plumbing

▪  Central air conditioning

▪  New double pane windows

▪  Laundry room

▪  Formal living room + spacious family     room

▪  Gourmet kitchen

▪  Slab granite countertops

▪  New cabinets

▪  Stainless steel appliances

▪  Designer lighting

▪  Two fireplaces

▪  Completely remodeled

▪  Ceiling fan

▪  New carpet

▪  Covered patio

▪  Large backyard with mature trees

▪  Slaven’s Elementary School

▪  Quiet Street

Jefferson Park Row Homes new construction

new construction Jefferson Park

New construction rendering for Jefferson Park Row Homes

This past couple of weeks, eyes have been on the newest project in the hood, The Row Houses at Jefferson Park.  This new construction project includes 29 for sale row homes at the corner of Clay Street and Frontview Crecent.  This project was originally planned to be called Clay Street Village as it appears on the recent Denver Housing Update post.  Another built by Sprocket creation keeping form and function in mind during design.  The hype these days in the Highlands neighborhood is the rooftop deck, Sprocket has added a third floor terrace instead of the rooftop deck which is included in each of the The Row Houses at Jefferson Park.  These row homes will range in size from 1,385 sq ft to 1,623 sq ft.  The units are currently priced at low to high $400’s.  The groundbreaking  for this project has taken place at the beginning of the month and things go under contract on a daily basis in this HOT Highlands market so be sure to contact us at SeeDenverHomes.com.

What’s New in LoHi?

Besides all of the modern new construction going on, there is a new goal of some local business owners to preserve some of the LoHi nostalgia.

We love LOVE, all the modern development but with so much change there is a need to preserve some of the history that makes up the identity of the neighborhood.  The Coors Theater itself was a historic landmark that now houses the Highland Tavern, The Clever Turnip, and Black Eye Coffee Shop.  The owners of Black Eye Coffee are behind the effort to fund raise for a mural that will depict the history of the landmark building.  In recent decades this neighborhood has been a local nucleus for art and culture.  The Coors theater itself has been a live theater, barbershop, and liquor store.   This area has also been known for underground activities such as boxing and bookkeeping as well as home to a hard working class with Italian and Mexican heritage.  This is the history that the effort is aimed at preserving. 

The artist commissioned Larry Polzin of Stargazer Creations is a well known artist and specializes in antiquing his work to make it look like it has been on a wall for decades, which is exactly what they want this mural to portray.

The inspiration for the mural to go on the historic Coors Theater building.

The artist is doing the mural at a huge discount if and only if the fundraising efforts are successful.  Check out the fundraiser’s status and contribute if you share the same feelings on preserving the history of LoHi amidst the new modern revolution of the neighborhood.

When this blog post was written they were $2260 towards their goal and trying to reach $6000 before May 1st.  They are offering memorabilia to donors that are giving any where from $50 dollars and up. 

If you would like to know about new construction projects or real estate in LoHi Denver, Highlands, Sloan’s Lake or any Denver Metro area contact us.

Deviree Vallejo shows a duplex nearing completion west of Denver’s Highland Square.

In an article by Mark Samuelson from the Denver Post, Deviree Vallejo shows a duplex nearing completion west of Highland Square.  Deviree is noted for selling both of her modern listings that were new this week in LoHi in less than a week.  LoHi, (in case you are just moving to the area) is the neighborhood between Highlands and LoDo.

In the article Deviree is quoted, “West Highlands is a little cooler than LoHi, but not much says Vallejo.”  “It’s just nuts, Highlands isn’t as busy as lower Highlands, but it’s still definitely one of the craziest areas in Denver.  We’re seeing bidding wars even north of 38^th Avenue”.

Deviree’s listing at 3538 & 3540 Raleigh with 3,392 finished sq ft and listed at $699,000 is the last duplex grandfathered into the old zoning-meaning new builds from here on will be single family, at prices realistically closer to $800,000.  Meanwhile, people who get involved in Highlands homes before completion seem to be making money, Vallejo notes.

What is the latest update on 3538 Raleigh Street?  It is almost completed, so if you are in the market for a gorgeous modern and spacious duplex call Deviree Vallejo for a tour.

If you would like to know the most up to date inventory call Deviree Vallejo or visit SeeDenverHomes.com.

The mix of homes selling helps increase the median prices, which was up 15.9% so far this year. Across the U.S., homes sold faster in February than in any February since 2007. Homebuyers met a tight supply of homes for sale, with homes being on the market for a median of 98 days last month, down 123 days in February 2011. Although 98 days is still long, it’s an improvement.

Denver is part of the 10 fastest-moving markets, with an average of 80 days on the market. Condos have seen the biggest percentage gain with 18 sales in the price range from $500,000 to $699,999 through February, compared with 10 in the first two months of 2012. The second largest percentage gain was from the $200,000 to $299,999 price range, with 217 sales this year compared to 129 last year, a 68.2% jump.

Supply and demand affects the prices of home sales. When there is a limited supply of homes and there is a larger amount of buyers, sellers can ask for a higher price. As the economy picks up, so does the increase in home sales. Home prices continued to rise while inventory fell to its lowest level since 1985. There has been an 11% increase in home prices compared to a year ago, showing that there is a strong market even through the slower winter months.

Deviree Vallejo is one of Denver’s premiere agents with an established reputation in the real estate industry. Deviree knows the Denver area, from the older homes that make up the central Denver market to the modern day condos that fill downtown Denver; she has a well-rounded understanding of Denver real estate. Deviree also participates in giving back to the community and is involved with many fundraisers across the Denver area.

If you’re looking for Highlands Denver real estate, LoHi homes for sale, or elsewhere in the area, Deviree is there to help throughout the entire process. As the real estate industry continues to blossom throughout the year, Deviree stays on top of the market to ensure that her clients get exactly what they’re looking for. Contact us today for more information: 303-931-0097.  To learn more about Cherry Hills homes for sale or Greenwood Village real estate, contact The Sandy Weigand Team.

Buying a home in Denver?

Just out! This past months stats from Metrolist for February 2013.

Are you thinking of starting the process of buying a new home? Or perhaps you have been out in the action trying to find that perfect dwelling to call your own. Lately shopping for a home is comparable to hitting the Black Friday sales after Turkey Day. You better have your poker face on and elbows out because chances are you will be touring the latest listing with at least a few other Brokers and their Buyers. Competition is fierce and timing is everything, so if you plan to start the buying process be sure you are armed with the best Buyers agent to navigate through the madness and provide you with a fighting chance when you find your perfect home. Contact us if you are serious about shopping for a new home in the Denver metro area. We have a proven method in the most competitive of markets and have the best tools to help you in your quest for your sanctuary.

Quick Denver Real Estate Market Facts
+2.1% change in new listings
a decrease in active listings from last years month of February 2012 to this past February 2013 of -29.9%
+19.9% change in sold listings
an increase of sold listings from last years month of February 2012 to this past February 2013 of +19.9%
+18.0% change in Median Sold Price
last February 2012 the median sold price was $197,250 and this year February of 2013 resulted in a median sold price of $274,980 bringing up the median sold price by +18.0%

Newest restaurant opening in LoHi

inside Lohi’s Old Major

New restaurant in LoHi

Highly anticipated… Old Major-3316 Tejon Street

Who: chef Justin Brunson

When: Old Major will serve dinner seven nights a week

What: starting with small plates, they feature a range of options from wood-fired PEI mussels to lobster pot pie, crispy pork cheeks, and a meaty French onion soup

They simplify the complex menu by breaking it up into three sections: the Farmer, the Butcher, and the Monger.

Pastry chef Nadine Donovan crafted a five-item dessert menu aimed at each taste category.

And for those looking for lighter fare, a ten item bar menu that includes pork belly nuggets, smoked sturgeon rillettes, chicken liver mousse, and a porchetta burger.

The kitchen at Old Major is a feature in itself before the food even comes out.  It has been quoted by Denver.Eater.com as, “arguably, the best restaurant kitchen in Denver, equipped with a variety of bells and whistles that would make most chefs wish they got to play there. The gas-fired kitchen with wood-assist in several areas includes four Jade ranges- two French flat tops and two six-burners, a chipwood broiler – gas assist with wood chips, a smoker that can handle up to 200 pounds of meat, two fryers, a combi oven, a paco jet and ice cream freezer, a sausage stuffer, a meat saw, three immersion circulators, and a wood-assisted pizza oven.” By Andra Zeppelin author of Old Major: the Menu, Space, and Kitchen, Opening Today on Denver.Eater

check out what else chef  Justin Brunson has cooking up..

Digest: The Dirty Cookie banishes munchies; James Beard Award semi-finalists; Justin Brunson opens Old Major – The Denver Post

Featured attractions such as The Pepsi Center, Coors Field, Riverfront Park, Commons Park, Larimer and Writers Square, 16^th St. Mall, Union Station, Museum of Contemporary Art, Denver Center for Performing Arts, and much more, so there is always an opportunity for fun!  LoDo’s red-brick buildings, many of which were constructed after an 1863 fire, are preserved in the historic state that characterizes the neighborhood. In the 1920s, LoDo was known for the Market Street red light district, and in the 1970s as a warehouse center. Now, LoDo is reputed as the ideal hub for urban living in the region.  There is redevelopment going on all around lower downtown ranging from GREEN energy efficient upgrades to the Union Station itself to  a new King Soopers coming in at 20^th and Chestnut, more eateries, businesses, and park-like plaza space.  This historic area will surely be as hip in the future as it ever was in it’s glory days of past.

If you would like to find Lofts or Condos for sale in LoDo contact Deviree Vallejo for all your real estate needs.

#LoDoforsale, #LoDocondosforsale, #lodorealestate, #lodoneighborhood, #LodoLoftsforsale

We have heard rumors and have known that negotiations have been underway, but now it is final.  St. Anthony’s campus sells for $9.5 million.  In an article by John Rebchook posted in InsideReal EstateNews.com today the details are unveiled.

At the beginning of the month , a Denver based company EnviroFinance Group or EFG announced that they purchased the hospital campus next to Sloan’s Lake but they did not say how much they paid.  It was displayed in the Special Warranty Deed filed with the City of Denver the sales price of $9.5 million dollars.  EnviroFinance Group formed an entitiy called EFT-South Sloan’s Lake I LLC to buy the land which is set to be redeveloped into a large urban, residential and retail community.

This parcel mentioned is the property east of Sheridan Boulevard and south of West Colfax Avenue and is said to be just under  19 acres.

There are city documents showing the purchase price paid to be about 12 dollars a sq foot, which as quoted by Jonathan Alpert,  the developer working on the 28 unit Framework at Sloan’s Lake residential community, to be half the price that was paid for the 9^th and Colorado property the former University of Health Sciences Center.

Alpert explains the comparison and cost difference could be due to the environmental clean-up conditions that will take place in order to redevelop the land.

All the land owned by the seller, Catholic Health Initiatives Colorado, on each of the 11 parcels has a total actual value of $19.05 million according to the city records,  says the author Rebchook.   The land and the buildings on all 11 parcels have an actual value of $131.4 million with $124.6 million from the main hospital site.

EFG will raze the 629,785 sq ft hospital building to remove the asbestos and it will take 12 months for the demolition of the existing buildings and prepare the site for redevelopment.  They will however, be leaving the historic chapel and a large parking garage.  The campus is expected to eventually have 900-1200 new residential units and up to 300,000 sq ft of commercial and retail space in a seven-block, urban-grid development.  Once this site is redeveloped the property taxes it will generate are expected to be much more than the property generated before.

The median price for a home for sale in Sloan’s Lake area is around $500,000 according to www.SeeDenverHomes.com .

John Rebchook ends his article letting us know that EFG will likely be selling parcels to various developers and  EFG’s plans to raze and clear the site in the most sustainable way possible, which will include recycling and reusing much of the demolition material generated by the demolition.

If you would like to look for homes for sale in Sloan’s Lake click here to contact us and get up to date listings for the best service a home buyer could ask for.

Click property photo for virtual tour.

Sloan’s Lake Highlands Neighborhood

offered at $575,000

3 story contemporary 

2,397 finished square feet

3 bedrooms

4 bathrooms

2 car detached garage

Built in 2010, this contemporary townhome incorporates many GREEN and energy efficient features into its design.  Located just one block from Sloan’s Lake, the rooftop deck offers downtown Denver, lake, and mountain views.  Highlands Square is located one mile from this home and offers some of Denver’s most popular restaurants and shopping. Contact us today for more info!