Sellers: capitalize on classic style, deliver modern comforts + nail price point
This month, I’ve been previewing what’s to come in 2019 around real estate in my core neighborhood markets. One important trend point is last year’s standout neighborhood sales, which can hint at trends that will drive the 2019 market.
Unsurprisingly, 2018 Wash Park notables tend to check every box for the typical Wash Park buyer — old world charm with modern function, move-in ready with easy access to Denver’s most famous park.
Each of these properties tell a story about how Wash Park sellers can succeed this year.
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367 Vine Street — $1.275 million, September 2018
This classic Tudor knocked it out of the park in 2018. Built in 1935, original craftsmanship blends seamlessly with modern, urban updates.
Thoughtful maintenance and design — from the handcrafted countertops to original decorative ceilings — give this home its charm. With a 6,250-square-foot lot, three-car garage and spacious outdoor patio, this home had a lot to offer.
The listing went fast — it went under contract within four days of list and sold for $1.275 million, $25,000 over list price.
With most East Wash Park bungalows and ranches selling for under $1 million, this home proves that sellers who meet buyer demand win.
If you own an older home in the ‘hood and are looking to sell — you could be in a sweet spot. Many Wash Park buyers cannot afford a new construction at a price point of $1.8 million, so you’ll have the market’s attention from jump.
Embellish your home’s original craftsmanship, make sure it’s move-in ready and show the buyer the luxury lifestyle it offers!
For more tips on how sell your Denver home for more, check out last week’s blog.
433 and 435 S Humboldt Street — (details below)
Wash Park is primarily made up of single-family homes — so paired homes a half block north of the park are worth highlighting.
Constructed in 2016 and architecturally-inspired by Old Town Hall in Cherry Creek North, the homes are wrapped in tumbled brick and feature rooftop decks and wide open floor plans.
433 S Humboldt sold for $1.5 million in January 2018 and 435 S Humboldt sold for $1.44 million in March 2018.
These homes are new constructions, which provide the modern touches many Wash Park buyers want, but offer a dose of the classic, packaged in traditional design.
Again, classic-style homeowners take note — if you are looking to sell, you can fit the bill and come in at a more competitive price point.
1066 S Franklin Street — $3.65 million, January 2018
Fun fact — this home was sold for $3.65 million in January 2018 by Joe King, lead guitarist for The Fray.
This parkside home’s signature feature is its stunning windowed foyer, designed by architect Carlos Alvarez, the same architect in charge of the new and controversial 201 Garfield Street development. Considering the design’s success, I wonder if we will see something similar at the finished 201 Garfield project.