Monthly Archives: November 2015

21049 Cedar Lake Road, Golden, CO

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21049 Cedar Lake Road, Golden, CO

Price Reduced!

$ Click for current price
1 BEDROOMS | 5 (5 full ) BATHROOMS | 4087 SQUARE FEET

Presented By:

Sean Gribbons

Associate Broker
Buildings & Residences
303-883-3833
Licensed In: Colorado
License #: FA00055843

 

Schedule a Showing/Request Info

Property Description

This Look Out Mountain Home sits in a private cove with 180 degree views overlooking the metro area as well as Mother Cabrini Shrine and the mountains. This half built 4,000+ SQFT modern neo angle home. This home sits on a 1.14 acre lot with double thick foundation and extra joices this home is rock solid! Being sold as is the home comes with 418 foot well, guest house, multiple roof top decks, 13 foot plus ceilings, custom door, Pella Energy Star Windows, open floor plan, and the freedom choose finishes or change floor plan! Multiple Builders Estimating 250k-350k to finish. After finish resale alue could be anywhere from 950,000 to over a million dollars depending on finishes. There is no other home like this on lookout mountain its truly one of a kind and specatacular no doubt! Call Sean Gribbons from more information or to schedule a showing. 



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Licensed through Colorado Association of Real Estate. License #FA0055843. All branding provided by Buildings & Residences of Denver.

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How Does A Real Estate Agent Price a Home?

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How Does a Real Estate Agent Price My Home?

Its a great question! There are many different ways in which agents price homes but, first we need to understand two things. Market Value and Market Price. Market Price is the way agents price homes. We find the most probable market price and choose this as the listing price. Market Value is the price in which the market actually will pay for it. Confusing? Let me explain, Market Value is simply what someone will actually pay for the home (offer). 

 

Now that we're clear on that, the most common way if you live an area where are there are many similar homes is to pull properties from different areas that have recenetly sold. Real estate agents will then assess multiple things to determine prices. Things they look at our number of bedrooms & bathrooms, square footage, updates of the house, location of the home and lot, and if there are any things that may lower the price. The second way to price a home is by factoring the building costs to recreate the structure plus the market value of the lot. This method is used if there are very few comparables or nothing comparable to value the home by. Once the  real estate agent has priced the home he/she will choose the best market value or the most probable price it will sell for. Pricing is a very key componet into how long a home will sit on the market.

Will the Winter Season Make for a Slow Down From the Very Busy 2015 Year?

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Many of my customers ask me Sean, is now a good time to sell with winter approaching?  

Well the first thing to understand is that there is no such thing as a normal market! The real estate market is always changing and its sometimes hard to predict what will happen. I always look to numbers and facts for reasoning. 

Between July of 2014 and July 2015 over 200,000 people moved to Colorado. Most of which to the Denver area.

The Denver apartment vacany rate is at 4.8%.

Home sales from last month are up at 3.2%.

Median home price is up 15.2% from the 2nd qtr at $350,500.

After looking through these numbers its not hard to see that why we may have a small slowdown while holidays approach us, there are still lots of people shopping for homes. With vacany rates so low that means rents are continuely on the rise. I think next Spring could be bigger than July of this year. So heres my conclusion.

Is it still a good time to sell…. Yes. Still a good time to buy….YES 


Denver Real Estate Market Update