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Denver area multi-million-dollar homes are selling fast!

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Mike Shanahan's Mansion More Denver area multi-million-dollar homes sold in May compared with both a month and a year earlier. In the Denver metro area, there were 232 sales of residential properties priced $1 million and higher in May, which is a 38 percent increase from the same month in 2016 and a 27 percent increase from April. Although there are more sales, buyers of the luxury homes might be getting a deal these days, as the median sales price for luxury properties in May dipped slightly to $1,293,150 compared with $1,296,000 in May 2016. Of the luxury home sales in the Denver metro area, 21 were of properties priced $2 million or more last month, the same as in May of 2016. Seven $3 million-plus homes were sold in May, compared to five in May 2016 and eight $3 million-plus sales last month, The most expensive Denver sale last month was an 11,716-square-foot estate with five bedrooms and six bathrooms, trading for $5,850,000. In Colorado right now, the most expensive ...
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Open house in Englewood: The Future of ADU's and Zoning.

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As home prices and rental rates continue to soar with little restraint across the metro area, a decidedly unsexy topic — accessory dwelling units — is generating more heat as communities look to the small living spaces on small lots for needed relief in an overheated real estate market. On Tuesday night, Englewood will hold an open house on accessory dwelling units to get feedback from the public on what the rental units should look like and where in this city of 33,000 they should and should not be allowed. According to the Denver Metro Association of Realtors, the average price in April of a single-family home in metro Denver reached a dizzying $487,974 — a new high. Meanwhile, rents in the metro area resumed their upward climb this year after pulling back somewhat last fall. The average apartment rents rose to $1,446 in May, up $19 over April’s average. By virtue of their smaller size, accessory dwelling units tend to be cheaper to rent than conventional apartments. Englewo...
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Property Taxes in Colorado How are they determined and what can I do about it?

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Colorado’s system of real property taxation can leave homeowners confused and frustrated. This may be especially true if a homeowner receives a Notice of Valuation reflecting an unexpected increase in the value of his or her home which results in an increase in taxes owed. This article will provide an overview of the process by which property values are determined for the purposes of taxation and the options for homeowners who believe their properties have been incorrectly valued. Colorado has a two year cycle for valuing real property for the purposes of assessing property taxes. In odd years, properties are revalued; even years are considered “intervening years” and properties are generally considered to have the same value as in the prior year. In intervening years, notice of the value of property is often contained in a short form along with the property tax statement issued in January. However, in odd years assessors are required to mail a Notice of Valuation, or NOV, to taxp...
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Remodeled Newport home for sale in Willow Creek

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Address: 8723 E Kettle Pl. Centennial, CO 80112 Price: $635,000 Call 303-249-2060 if you have any questions Incredible home with 4 bedrooms and 3 baths in Willow Creek. Remodeled and redesigned Newport Model in a Cul-de-sac near the pool, Blue Ribbon elementary school, and Greenbelt. Removed the popcorn and dropped the main floor to one level. New everything: Roof, Stainless appliances, Granite counters, Bathrooms, Railings, Trim, Light fixtures, Hardware, Hardwood floor, Carpet, Paint inside and outside, Fireplaces and Driveway. The master bedroom features an under the floor heating system in the bathroom, Restoration hardware vanity and mirrors, and professional custom walk-in closet. The loft upstairs is closed in for an additional room. The house also features plantation shutters on most of the windows. This is a one of a kind home in a one of a kind neighborhood.  ...
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