Castle Pines North, CO

December 1, 2, 7, 8 & 9: Holiday Carriage Rides - The Ridge at Castle Pines

5:00 pm to 9:00 pm

303.688.4575

December 3: Holiday Open House - Village at Castle Pines

4:00 pm to 9:00 pm

303.663.2034

December 3: Orchestra Concert - Rock Canyon High School

7:00 pm

303.387.3000

December 4: Broadway Revue - American Academy

7:00 pm

720.292.5200

December 5: Holly Jolly Breakfast - The Ridge at Castle Pines

8:00 am & 10:00 am

303.688.4301

December 5: Christmas Tree Farm Family Day - Solid Life Christian Center

Time TBA

303.799.3914

December 5: Santa in the Pines - Village at Castle Pines

11:00 to 2:00 pm

303.663.2034

December 6: Christmas Concert - Douglas County Event Center

6:00 pm to 9:00 pm

720.733.9227

December 6: American Girl Mystery Program - Castle Pines Library

2:00 pm

303.791.7323

December 6,12,18 & 20: Holiday Concerts at the Castle Cherokee Ranch & Castle

5:30 pm or 6:30 pm

303.688.5555

December 7: Douglas County Children's Chorus - Rock Canyon High School

6:00 pm to 8:00 pm

303.387.3000

December 7: Castle Rock Band Holiday Concert - Faith Lutheran Church

7:30pm to 8:30 pm

303.688.3476

December 8: Choir Concert - Rock Canyon High School

7:00 pm

303.387.3000

December 10 to 13: The Best Christmas Pageant Ever - Castle Rock Players

2:00 pm and 7:00 pm

303.814.7740

December 10: Band Concert & Theatre Production - Rock Canyon High School

7:00 pm

303.387.3000

December 15: Band Concert - American Academy

7:00 pm

720.292.5200

December 16, 17 & 19: Visit with Santa - Philip S. Miller Library

10:30 am to 12:00 pm

303.791.READ

December 24: Christmas Eve Church Service - Douglas County Events Center

2:00 pm to 2:00 am

303.663.2514

Homes for Sale in Castle Pines North

As of Nov 3nd, 2009 there are 134 Homes for sale in Castle Pines North. The listing prices range from $230,000 to $1,795,000. The price per square foot goes from $104 to $491 per square foot. 17 new listings came on the market in October 09. Castle Pines North is a large area with multiple subdivisions including Daniels Gate, Buffalo Ridge, Hidden Pointe and Romar West to name a few. Three homes are listed as lender owned (foreclosures).

Searching homes for sale in Castle Pines.
Castle Pines North is a city, however most homes are listed under city - Castle Rock. If you are searching for houses and select Castle Pines North as the city there will be only a handful of search results. Along with that if you search by a specific subdivision you may miss several homes for sale as many of the listings do not indicate a specific subdivision - only Castle Pines North as the Sub area. For specific subdivision searches in Castle Pines a MAP SEARCH may be helpful.

Search Homes for Sale in Castle Pines
Castle Pines North Information


Homes on Buffalo Ridge in Castle Pines North - the Bison (or Buffalo) actually roams on in this area


If you would like more information or have any questions you can contact us via e-mail or call Brian Direct 303.710.2609

Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Kenna Real Estate does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2009.© Kenna Real Estate. Rita Burke. Castle Pines Homes and Real Estate. All Rights Reserved. Nov 3rd 2009. "Homes for sale in Castle Pines North"

Homes for sale in Castle Pines North Colorado

151 Residential Detached Homes are for sale in Castle Pines North, Colorado as of Aug 1st, 2009 5:30 pm. The average list price is $698,434. 42 of the homes for sale are listed for under one million dollars. The average listed price per square foot is $215/sq ft. The average days on the market of the homes for sale in 199, ranging from one day to 1082 days on the market. 21 new listings came on the market in July in Castle Pines North.

As of Aug 1st, 2009

New indicates new for the category for the month specified.



Castle Pines North is located South of Denver and just North of Castle Rock in Douglas County. Zip code 80108. There are over 40 communities or neighborhoods within Castle Pines North. For golf lovers Castle Pines North offers an 18-hole golf course - The Ridge at Castle Pines North. Parks, trails and a community outdoor pool are also there for the residents enjoyment.




If you have any questions, feel free to contact us via e-mail or call 303.710.2609 (Brian Direct).

*Disclaimer: Data based on information from Metrolist, Inc. for period of 3/1/2009 through 8/1/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.

Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Aug 2nd 2009. "Homes for sale in Castle Pines North Colorado."

Loan Considerations for Buy and Hold Investors


As far as investment loans, little or no money down loans are impossible. However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment. Or, self-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower’s debt-to-income ratio). Thus, we have clients leveraging themselves with other homes they own in order to get in with little or nothing down.
There are exceptions, but practically every lender requires Full Income Documentation on any investment purchase. Full Documentation requires the proof of income through W2s, pay stubs and/or tax returns, as well as proving liquid assets with bank statements. The max LTV is 85% on a non-owner single family property (75% for a 3 - 4 unit); however, most homes are being affected with the ‘declining market’ tag. As such, the maximum loan permitted would be 80% of the purchase price. This is due to mortgage insurance companies refusing to provide MI on investment properties in declining markets. Also, if an investor does not have landlord experience in the past two years, new rules will now not allow any rental income to be included as monthly income. Hence, the buyer would need to qualify with the entire payment going against his/her debt-to-income ratio.
Another point to keep in mind is that Fannie Mae and Freddie Mac are only permitting a maximum of 4 financed properties on a borrower’s credit report. Hence, if a borrower is looking to purchase or refinance a fifth home and already have four loans on their credit, they will face a tremendous challenge in securing financing. This latter rule only affects someone purchasing or refinancing an investment property/second home and NOT an owner occupied purchase.
All this being said, if an investor can put down 20% (or borrow a good chunk of that 20% from other homes they own or lines of credit), is Full Doc, with a 680+ credit score and DTI below 50%, rates are in the upper 6% range on 30yr fixed mortgages with no prepay penalties. With home prices bottoming up in most neighborhoods, coupled with a bullish rental market with increasing rents and low vacancy, investors can easily generate hundreds of dollars of cash flow per month. In fact, many investors choose 15 year fixed mortgages to pay off the loan quickly, yet still cash flow tremendously.

Loan Considerations for Fix & Flip / Short-Term Investors


Securing conventional financing on a fix & flip or short-term loan is not recommended. Most conventional lenders sell off their mortgages to investors on the secondary market. If the loan is paid off early (before six payments are made), the investor has not recovered their initial investment. The investor will attempt to recover their loss from the lender, who will ultimately come after the loan originator. The loan originator would then be obligated to pay back any premium paid out by the lender. If such activity becomes habitual with the loan officer, the lender can cease doing business with them and their firm.

Furthermore, conventional loans require conventional appraisals. The lender will require that the home is a) habitable in its present state b) in at least ‘average’ condition and c) not in need of any repairs greater than 2% of the purchase price. All three points can be challenging to overcome for investments properties, especially bank owned homes. Consequently, many investors use private money, hard money, home equity lines of credit, cash or specialty investment lenders to avoid failing a conventional appraisal. All of the aforementioned sources of funds can be worthwhile to pursue, but they are meant for short-term loans. Hence, the borrower needs to have a clear exit strategy(ies) to avoid costly extension fees and holding costs. Such loans carry higher interest rates and up-front fees due to their considerable risk. They can be a great route to pursue; however, the investor better be prepared in case the home is not able to sell.

Fix & flip investors should also be cognizant of title seasoning issues. FHA guidelines require that a seller be on title for 90 days before a buyer can purchase the home with an FHA loan. Most flips take longer than 90 days to renovate, market and actually close. But, some deals need limited work and can be turned around quickly. Ultimately, you will want to verify that the new buyer’s lender understands the title guidelines of the lender being used. Furthermore, a flip investor is going to list the remodeled home for significantly higher than what they had paid for it. The lender providing financing to the buyer purchasing the renovated home will scrutinize the new appraisal to ensure the value is justified. Lenders got burned in the past on property flipping schemes and are wary of substantial value increases in short periods of time.