About Denver's Park Hill

4100 Albion #321. A Great Affordable Home Right Next to Future Light Rail.

In a couple of years Denver's light rail system will have a series of expansions that will make the mass transit rail become very functional for a much larger population than currently uses it. Where currently the Southeast corridor of town has benefited from access to downtown. Now it will add East, West and North all coming downtown and a crucial addition that will take a train out to Denver International Airport. This is the commuter rail line that will add so much value to the Park Hill neighborhood, Park Hill Village condos and in particular 4100 Albion #321.

Currently the home is already right next to a bus line that goes straight down town. But come 2014 or so the new station for light rail going downtown and to DIA will be getting ready to open and will be just 2 blocks away. 4100 Albion #321 is a 2 bedroom 2 full bath home that feels bigger than it's 1,001 square feet. It has high and vaulted ceilings, is an upstairs town home that is set up more like a double master than a typical 2 bedroom. 

It has a great private balcony and a lot of storage for a unit this size. A deeded parking spot is included but like I said you may just be able to sell your car by living here.

This home is part of the Denver Affordable Housing Program. You can do a little research on what that means at the YesYouCanAffordable Connection Team's site. But in general it is a below market value home for people who make less than area median income. Who then pay it forward for future buyers.

This home is a perfect home for someone that may be a first time homebuyer so to ask any questions about the home buying process, the affordable program or to set a showing feel free to call or email Damon Knop, who has sold over 200 affordable homes and specializes in first time homebuyers. You should really think of how much money this home could save you instead of how much it costs, but it is priced very well at $110,000. So please hurry and give Damon a call for your private showings.

Damon Knop- 303-332-8754

Damon@YesYouCanACT.com

KnopHomeTeam.com

Distinctive Properties

Thinking about selling or buying in the Park Hill neighborhoods?

Here's some information for you.

(The following statistical information compiled from information provided by Metrolist MLS and applies to detached single family homes.)

The neighborhoods have averaged approximately 16 sales per month over the last 6 months. There are approximately 101 homes on the markets. Using these figures the absorption rate is approximately 15.8% and the “months of inventory” is about 6.3. This indicates to me a market slightly favoring buyers. The “median days on market” also consistent to this indication.

The homes in the Park Hill neighborhoods were built ranging from the late 1800’s to the 2000’s. Many home buyers favoring older homes like the area for the selection of the unique homes. Some of the older homes have little refurbishment, others have been totally remodeled.

2011 Homes Sold

There have been 21 homes sold (detached single family) so far in 2011 (Jan 1 – Feb 25) according to information provided by Metrolist MLS.

Of these solds, the year of construction of the homes ranged from 1908 to 2002. The median sold price was $337,000.

Median total days on market.

111 (Compared to 80 during the last 8 months. Likely indicative of seasonal differences in market.)

Low sold price – high sold price

$120,000 - $635,237

Ave price sq ft – ave price fin sq ft

$266 - $155

If you are thinking about buying a home in this or any other area in the area in the Denver/Boulder metro areas, please contact me and I’ll be glad to email you information on any area. If you are considering selling, please contact me for a free CMA for your home. Roy Johnson www.yourcastle.co coloradorealtor@email.com

Featured Neighborhood: Park Hill Home & Real Estate For Sale

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When you are ready to look at homes (or have one to sell) in Park Hill of Denver CO give me a call. I would love the opportunity to earn your business! Mark at 303.204.8949.

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Copyright 2011 All Rights Reserved, "Denver CO Home Update - Featured Neighborhood: Park Hill Home & Real Estate For Sale"
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This question came from buyers moving in from out-of-state.

Dear Kerry:

Our son James was in the gifted & talented program in California. We have been told that Park Hill K-8 would be a great school for him here in Denver. Is Park Hill K - 8 as great as we have heard?

Sincerely,

Dean & Colleen

Dear Dean & Colleen:

When I help my buyers purchase homes in Park Hill, many parent gravitate to Park Hill K-8, making it a big part of their decision when choosing their home. The Denver Public Schools website is www.dpsk12.org. You can certainly get additional info there. But, I can tell you that I have quite a few families that have children in the Park Hill K-8 school that are in the gifted and talented program and they love it. Park Hill K-8 is listed as one of Denver's top three elementary schools.

If you would like, I can take you to the school for a tour, and also get you in touch with other parents with children in that school so you can get their honest opinion of the programs offered there.

Best,

Kerry

PS - These buyers ended up buying a home in the school district and love it. They have referred several of their friends and neighbors to me.

This was a question from a 1st time home buyer whose name was Tom!:

Dear Kerry: I really like the last home you showed me today. It is in my price range and in an area that I can bike to work. My big question is:

Is the home is a safe area? I want to make sure that my new wife is safe in the house when I am working late at night.

I look forward to hearing from you.

Sincerely,

Tom

My response to Tom was:

Dear Tom:

I can certainly understand your concern since you work so many late nights. Each precinct within the Denver Police department has was is call a Community Relations Officer or CRO. The home that you are looking at is located in District 3, and the CRO for that district in Officer _______________________, and her phone number is 720-XXX-XXXX. If you call her, Officer ________________ can give you all of the crime statistics for that area that the home is located. That way, you can make an informed decision based on facts not here-say.

PS - After Tom called the CRO in his area, he and his wife decided to buy the property in question. They loved the house and referred 2 of their friends to me.