Edgewater, CO

Welcome to Edgewater, Colorado

How do you like your morning drive? If short and sweet is what you want, then the City of Edgewater, Colorado is just for you. Located just four miles west of downtown Denver, just inside Jefferson County limits, the City of Edgewater with its humble beginnings as fishing shacks and a stage stop has true Colorado frontier roots.

The City of Edgewater has evolved since its establishment in 1861. Named after its proximity to Sloans Lake, this charming and at times rustic City of Edgewater has a personality unique to Denver neighborhoods. Homes in Edgewater are so varying in age, size and architecture. There are Bungalows, Dutch Colonial, Post War home Traditional, the 1950 Brick Contemporary and recently built custom homes. This variety of architecture is available in all price ranges.

The City of Edgewater offers great views of downtown Denver and the Front Range Mountains. The City of Edgewater is within walking distance to shopping, dining, entertainment and historic Sloans Lake. Sloans Lake is a 177 acre park. Typical activities at Sloan's Lake include hiking, jogging and bicycling on the trails and sidewalks that surround the lake, and fishing and boating on the lake itself. There are tennis and basketball courts located within the park. The annual Dragon Boat Festival event attracts thousands of visitors each summer, a celebration of Asian American culture and civilization.

If you like the feeling of historic Colorado combined with contemporary conveniences the City of Edgewater has it all. Come see what the City of Edgewater is all about.

Edgewater, Colorado is one of those Denver neighborhoods that no one is talking about – yet! It is a small town just west of downtown Denver that has a lot of potential to grow in housing values in the next 5 years, which makes it very attractive for investors who are looking for houses in the Denver area to fix up and re-sell. Edgewater is also a Denver neighborhood that is attracting young home buyers who aren’t afraid of putting some work into a home that will become an investment for them in the future. Edgewater houses are full of potential.

The city of Edgewater, Colorado is bordered by Sheridan Blvd. on the east, 32nd Ave. on the north, Carr St. on the east and 6th Ave. on the south. It has a population of only 5,159 people and is only 4 miles to downtown Denver. You can get some fantastic views of the city lights at night and the city skyline in the day from the edge of Sloan Lake in Edgewater.

The average price of a home sold in Edgewater over the past twelve months is $184,205. In the past year, a total of 201 properties sold in an average of 115 days on the market. In comparison, a the average price of a home sold in Edgewater in 2010 was $190,128. A total of 224 properties sold in an average of 80 days on the market. All of this means that homes in Edgewater are currently priced lower than the previous year, and are taking an average of 35 days longer to sell. Unfortunate for the Edgewater home seller, but now is the time to buy a home in Edgewater.

Besides easy access to all the recreational activities at Sloan Lake, Edgewater residents enjoy an easy, quick commute to their jobs in downtown Denver or the Denver Tech Center. On a nice summer day, you could even bike to work! The 25th Avenue Shops at Edgewater provide several options for bars and restaurants to walk to after work, and cute boutiques to shop on a lazy Saturday afternoon. As the area develops further. look for this retail area to rival Tennyson St. in neighboring Berkeley, and Highland Square in Highland. The Edgewater Inn has been around for many years, but still attracts locals and visitors alike to dine in their restaurant.

With today’s low interest rates around 4% and as little as 3.5% of the price required for a down payment, you could own a home in Edgewater for $1,242 a month including taxes and insurance with a down payment of $6,300. This amount is equivalent to a monthly rental fee, and the equity in the home will be preserved – a deal for either a home buyer or an investor!

If you would like more details on homes for sale in Edgewater, Colorado, give Celia Sellers a call at 303-921-3199 or send an email to www.Sellers.Celia@gmail.com. I will gladly provide you with more information including a free list of the best deals, foreclosures and shorts sales currently available in Edgewater. Or go to my website at www.DenverNeighborhoodHomes.com to search properties in the area and receive daily updates automatically.

Homes with a Beautiful View of Denver's Skyline

If you’re looking at Edgewater homes, you should know that you’re considering living in the area with what is arguably the most beautiful view of the Denver Skyline. Edgewater can be found west of Denver in Jefferson County, not too far from Lakewood and Wheat Ridge. The town is also just west of Sloan Lake, which is arguably one of the most peaceful lakes in the metro Denver region. If you want the perfect mix of small town feel and big city Amenities, you want to be considering Edgewater homes for sale.

The story of Edgewater real estate goes back to 1861 when Thomas Sloan found an underground spring. That spring would eventually become Sloan Lake, and Edgewater is the community that would spring up with it. To this day you’ll find that the real attraction of Edgewater homes for sale is the recreational and outdoors opportunities offered by that lake.

There are other parks and open spaces in Edgewater, as well. You can play tennis, have a picnic, ride a bike, walk, and play horseshoes. All of the open space makes you feel like you’re way out in the country instead of just a few miles up the road from Denver.

And that’s one of the great things about looking at Edgewater property. You know that Denver, along with all of the amenities and experiences that the city holds, is right nearby.

Of course, you don’t need to leave Edgewater to enjoy yourself. There are shopping opportunities, and some local dining opportunities including the famous McGuire’s Restaurant. If you want to be part of a small, close-knit community with all the amenities of modern city living, you need to consider Edgewater homes for sale.

A recent client of mine just bought a home in Edgewater, a small town in the Northwest Denver area located near Sloans lake. We tried for quite a while to find a home in the $200K range in The Highlands, LoHi, or Berkeley, but things were either too dilapidated, or just too expensive.

So, I tried looking a little further west of Sheridan Blvd and found similar style homes on some great streets just west of Sloans lake. From Edgewater you can get to the Highlands Square area and the 45th and Tennyson area in just minutes. Also, there is quick access to downtown Denver and I-70.

I think we stumbled onto something and my client has been very happy since moving in. While we were conducting the inspection, several people walked to the front door asking if they could see the property and later, when we were negotiating the inspection, the seller got a full price backup offer. Edgewater seems like a great place for the First-Time Homebuyer.

For more information check out www.BevGrothProperties.com

Or call Todd Groth at 720.203.9624

Special considerations for Investor loans

The talk around the water cooler these days is all about LOANS. Who can get them? At what price? What if I already have a few loans, do I still qualify? A year or two ago the question was at what price do I get a loan (those were the days!). Today it is "am I still in the game?"

Here's the deal: if you have an owner occupied loan and 3 investor loans you cannot buy any more properties and get Fannie Mae / Freddie Mac financing, meaning you can't get a conventional 30-year fixed loan. Now, my hope is that someone reads this and tells me I'm wrong. That would be great! But as far as I know that is the case.

Where does this leave you? You can pursue loans that are warehoused by lenders, meaning they are not sold on the backend to Fannie or Freddie. You are probably looking at a minimum of 20% down but more importantly it will be almost impossible to get a 30-year loan. But a 5/1 ARM is not out of the question. (Lenders, please start a dialogue here and let folks know who has what products available.) There is also Hard Money available. I met with a group of high-end Hard Money lenders today to discuss options and the consensus is that they are proceeding...but with extreme caution.

A final version is to contact smaller local lenders. You'll need 25% down, but if your story makes sense, you'll get your loan - and usually at an attractive rate. Let me know what your situation is and I'll try to refer you to the right person.