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Old 07-25-2007, 10:14 AM
 
Location: Denver, CO
739 posts, read 2,678,035 times
Reputation: 203

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i think it will be interesting to see how it plays out. There is a development going in where the old denver international school was on Race/High and Mississippi. There are currently 4 homes in completion phase and the prices are extremely high- Start at 1.4-1.5 for 3200-3400 fin sq feet (basements are unfinished) and extremely tiny yards. They have been in the MLS for about 5 months but are only now close to completion. I'm wondering if they can get it. It is still a desirable neighborhood but that will be a new price point.
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Old 07-25-2007, 03:46 PM
 
Location: on an island
13,374 posts, read 40,197,838 times
Reputation: 13181
Wow dj--that's really something.
Can you report back on that later?
I've left Denver, but it hasn't left me.
Still curious about stuff like that.
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Old 07-25-2007, 11:18 PM
 
12 posts, read 57,867 times
Reputation: 10
Yes I see those and the new home owner will be living in a construction zone for about 3 years. I don't see them going for that but I always say that about houses on the east side and then before you know it the house is sold. My strategy is to buy the old house rent them out and wait till the inventory of unscraped/un poped house is nill. WE will see
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Old 07-26-2007, 04:13 AM
 
Location: on an island
13,374 posts, read 40,197,838 times
Reputation: 13181
Quote:
Originally Posted by Investor80209 View Post
Yes I see those and the new home owner will be living in a construction zone for about 3 years.
heh
That's how my old Country Club North block was--and it was all people (including us) who were simply remodeling their houses. On our block alone, I can think of ten different homes that were remodeled, two and three at a time.
The rest of the surrounding neighborhood was the same way: back-up beeping, trucks, blocked alleys, and that familiar, percussive sound of the nail gun.
Construction is a pain in the rear end, but it is temporary.
People will put up with a lot if they like the location.
OTOH
That's a lot of money for an unfinished basement with a tiny yard!
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Old 07-26-2007, 09:19 AM
 
Location: Denver, CO
739 posts, read 2,678,035 times
Reputation: 203
Cil- that is the new trend all around. Build a house to the lot line with great finishes (in some cases, not so great) and then leave the basement unfinished. If we go to sell in the next year or so (for school reasons only) we are hoping that our 3 yr old home w/ a finished basement will be a selling point! And yes, the builders are doing the attached garages (how they are getting that with the building envelope restrictions- 25% open space- is beyond me!) which makes for a tiny yard. They use the park as a big draw, saying you don't need a yard if you have the park a few blocks away.

Last edited by dj32; 07-26-2007 at 09:20 AM.. Reason: grammar/spelling
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Old 07-28-2007, 01:21 PM
 
Location: Northglenn, Colorado
3,689 posts, read 9,262,469 times
Reputation: 944
getting 25% open space on a lot is not hard at all, takes some playing with the footprint, but its not hard at all. In boulder county, where alot of my designes end up being built. some of the sub-divisions have a max. % coverage, which makes it harder to place a huge house on. with a 35' max and a 30% lot coverage, it does bring us into a bit of a crunch to get them to fit on smaller lots. the 2.5:1 setbacks also help to limit the size on any paticular lot.

in some areas, porches / decks / some areas of the footprint are exempt from being counted as part of the coverage.
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