Downtown luxury, income property + centrally located steal
February is here and we should catch the spring real estate fever in a few short weeks. In the meantime, sellers will start testing the market’s water and wake buyers from their winter slumber.
Despite the lethargic January market, three recent notable sales went down in Cherry Creek North. They reveal where the market’s heading and how to get a win in 2019 as a seller.
As one of my core markets, I keep a close eye Cherry Creek North’s pulse — I’d love to help anyone looking to hit the market running this spring.
This is property is all about downtown Cherry Creek luxury.
Part of the brownstones at Northcreek, this private enclave overlooks the Filmore Plaza and encapsulates the luxury downtown Cherry Creek lifestyle. I love the interior finishes.
The home appreciated just over 7 percent since March 2017, when it sold for $1.725 million. Although the Cherry Creek North average home price dropped over 2018, certain properties are seeing big value jumps.
145 Harrison Street, 3 beds, 4 baths, $750,000
This town home sits on the southeastern limit of Cherry Creek North. The listing billed it as a potential income property and the eventual buyer is now looking for tenants.
I couldn’t find any interior shots of the property, so perhaps it needs some updating. The price point and size — $750,000, 3,342 square feet — make it a perfect income property in a desirable neighborhood. Monthly rent is listed at $3,500.
At $529,900, it’s a great value for a central spot in Cherry Creek North.
The listing is about half the size and doesn’t boast the turn-key luxury, but still delivers with hardwood floors throughout, vaulted ceilings and two private balconies.