Newest listings in 80120 this week

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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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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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6 things you need to do to lower your property taxes in Metro Denver

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Protest, protest, protest . Front Range homeowners may have that reaction when they first see how much county assessors increased the value of their homes over the past two years amid worries that next year’s property taxes will shoot up as well. Neighborhoods throughout metro Denver have recorded double-digit price increases, which reflects the region’s hot real estate market. The biggest percentage gains are coming in lower-income neighborhoods that lagged in past cycles. The first steps for those who disagree with value placed on their home is to figure out how much the value should be adjusted and whether a protest has a chance of winning. And with a June 1 deadline for protests, homeowners need to act fast. Should I protest? While a big jump in property value may come as a shock, in most cases it is probably justified. But county assessors can have basic information about a property wrong, and they won’t know details about a home’s condition versus others in the neighborho...
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Can Your Home Survive a Wildfire?

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Whether a home survives a wildfire is not random, nor is it a function of luck, most homes that exhibited attributes promoted by the FireSmart program -- including keeping combustible vegetation away from the house, uncluttered yards and low-flammability roofs and surfaces -- survive fires. It seems clear that the survival of homes was a function of resistance to ignition and not a random event or a matter of luck, Beyond doubt, risk mitigation (FireSmart) guidelines demonstrated their effectiveness in mitigating risk under the harshest of wildfire conditions. Most homes caught on fire as the result of embers from the forest fire landing on their property. "Based on site visits, no instances were observed where home ignition could confidently be attributed to direct contact by flames of the burning forest, and there were very few observations where home ignition was likely due only to radiant heat from the forest. Other studies have shown that embers generated by burning vege...
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R-2-B Zoning in Englewood for sale. Rare opportunity for a killer duplex

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Investors or Developers R-2-B Zoning!!! Rare opportunity for a killer duplex (Can be subdivided with separate legal description) or triplex building lot in a highly-sought-after neighborhood in Englewood. Just 4 lots N of Dartmouth & Elati, it's a quiet, up-and-coming neighborhood with great neighbors, right around the corner from Broadway, Santa Fe, Light Rail, William E. Bishop Elementary School, neighborhoodcommunity gardens, RiverPoint shopping, Walmart, Kings Soopers, Safeway & a lot more. Buy to redevelop and resell at just over $100k per unit for the dirt!!! The home is currently boarded up, the real value is in the land. NO SHOWINGS. PLEASE DRIVE BY AND SEE THE LAND. Survey and Soil test are already done. Broker Remarks Tons of duplexes & triplexes being built in the neighborhood (Four planned in the next year plus two already built. All in the same block). R-2-B is what you want to maximize your return. Rents are going for $2200+ per unit in the triplex ...
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