Featured image: 401 S Garfield Street.
We just experienced a batter up and home run in Cherry Creek South with the sale of 401 S Garfield Street, #15 (four bedrooms, five bathrooms, 5,514 square feet) for $2.8 million, more than 10 percent of comparable homes nearby.
Located in Belcara, a small gated community near Cherry Creek S Drive and Alameda Avenue, the two-story, 4-year-old custom home fetched more than similar-sized new-construction nearby homes, which sold for between $2.4 million and $2.6 million on larger lots.
For example, the East Wash Park modern farmhouse at 442 S Vine Street closed for $2.55 million in mid-June.
So why did Garfield go so much higher? The answer:
- Newer construction, built in 2014 — check
- Open concept, indoor and outdoor connection created with a Nanawall (minimal framed, floor to ceiling sliding glass wall system with recessed tracks for a picture frame effect) — check
- True lock-and-leave home for on-the-go living. In a gate community with an HOA, it requires minimal exterior maintenance — check
- Elevator with access to all levels — check
- Plenty of “WOW” with a grand entrance, Sub-Zero and Wolf appliances, stone wine cellar and exquisite outdoor space with quaint pool, fireplace and built-in grill — check
At $762-per-above-ground-square-feet the Garfield sale, a recent high for area comparable homes, shows what happens when a top-notch listing hits the market — a home run transaction for the seller.