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Old 05-04-2014, 08:30 PM
 
107 posts, read 141,685 times
Reputation: 57

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Getting pretty fed up with house hunting in Westminster/Broomfield/Arvada. What $325-375k gets you is pretty damn disappointing. Bid way over what we thought we should for our dream home and still lost it. And haven't seen anything like it since. Yes, indeed, you have now stumbled into a pity party, but the real reason for this thread is that I'm looking for opinions on Erie. Thoughts about its prospects, both from an amenity and a valuation perspective, would be especially helpful.

A number of very insightful, informed posters here have stated that proximity to one's job is of the utmost importance, and while I agree that it should be a major consideration, the aforementioned areas (which are 25 minutes from my job, as opposed to 40 from Erie; I don't even want to get started on the prices of homes even nearer to work) can't compete. $350k at Vista Ridge in Erie gets you a beautiful home, open space backyard, golf course nearby, and 20 minutes to Boulder. We are far from completely sold on Erie, but it looks more tempting by the day. What say you, /denver?
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Old 05-04-2014, 08:47 PM
 
Location: Aurora, CO
6,513 posts, read 10,159,939 times
Reputation: 9713
I wouldn't do it for a couple big reasons. #1 the commute will SUCK. #2 Erie is out in BFE and new builds will undercut your home's value. You won't get the appreciation that a closer-in area will, and if the market tanks you will take a serious bath.
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Old 05-04-2014, 10:40 PM
 
2,514 posts, read 3,477,650 times
Reputation: 5062
Vista Ridge is partially built over a land fill. That is why it is so cheap. No one wants to live on top of a garbage dump that some times smells and likely is or will be leaking chemicals.
Erie, CO

Erie also has fracking next to the elementary schools. That is why Erie is so cheap. Mom's with kids don't want to live there. This will affect your resale.
http://www.coloradoindependent.com/1...p-neighborhood

Last edited by mic111; 05-04-2014 at 10:53 PM..
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Old 05-05-2014, 07:03 AM
 
Location: The Berk in Denver, CO USA
13,930 posts, read 20,128,417 times
Reputation: 22524
Default Pay attention

bluescreen and mic have said it all.

Eire = don't
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Old 05-05-2014, 09:50 AM
 
Location: 5280 above liquid
356 posts, read 512,792 times
Reputation: 383
Sounds like a perfect scenario where shelving the hunt and not rushing to buy just for the sake of "buying" is in order.
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Old 05-05-2014, 10:44 AM
 
Location: CO
77 posts, read 108,069 times
Reputation: 80
What about Lafayette?
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Old 05-05-2014, 10:50 AM
 
1,243 posts, read 915,736 times
Reputation: 1429
Quote:
Originally Posted by ktqtp View Post
What about Lafayette?
I was in the same boat as the OP. Erie and Frederick have the most bang for your buck, but it comes at a price. When I was looking Lafayette did not have a lot available and if you cross the west side of 287 the price magically increases. The Denver market is insane right now.
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Old 05-05-2014, 01:36 PM
Status: "Celebrating 30 years as a Broker" (set 8 days ago)
 
Location: Just south of Denver since 1989
10,876 posts, read 29,272,530 times
Reputation: 7079
Are you thinking of buying new? Look for the energy efficient mortgage it's an $8,000 credit. If newer and energy efficient you can get a $6,000 credit.
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Old 05-05-2014, 01:50 PM
 
107 posts, read 141,685 times
Reputation: 57
Thanks for all the feedback. Sounds like Erie might have some issues.

2bindenver - I have looked at some new developments, but they start at the top of our range and get worse from there. Any suggestions in Westy/Arvada?
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Old 05-05-2014, 11:14 PM
 
Location: Arvada, CO
13,215 posts, read 24,268,176 times
Reputation: 12896
OP, have you thought of expanding your search to older homes? Or to newer areas in Aurora or Commerce City?
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