Another thread.. Where to buy home?? (Denver: house, buyer, elementary schools)

[MissTerri]

Originally Posted by drmoneytails

Just out of curiosity, what are your thoughts on Crestmoor? The reason I ask is because we found a nice home we like there. Was wondering what is the community/schools/life is like there?

I believe that Crestmoor Park feeds into Carson Elementary which has a very good reputation. Hill Middle School and GW High School, both of which have more mixed reputations. I've heard great things about both and bad things about both. The park is awesome. There are a few places to walk to in the neighborhood like Pete's Market, Park Burger. etc. This area has a sizeable Jewish population with several synagogues and Temples. It's a nice, quiet, upper middle class neighborhood. The only downside I can see in your case is your commute. If you don't mind the drive then it would be a great place to settle down in.

[drmoneytails]

There's a home in Crestmoor that backs into Monaco street parkway. I drove around yesterday during rush hour and it was pretty busy. The front entrance of the house is to a quiet, nice street and you can't hear the traffic from inside the house unless you are out in the back yard during rush hour.
Do you guys think it is a problem that this home backs into Monaco?

[wilberry]

In my opinion yes , with the amount of money you are paying but that is just me I don't like being near traffic .
I once lived on the corner of Downing and yale

https://www.google.com/maps/@39.6676...7i13312!8i6656

in this house but it was not quite ,,,,

[SkyDog77]

Originally Posted by drmoneytails

There's a home in Crestmoor that backs into Monaco street parkway. I drove around yesterday during rush hour and it was pretty busy. The front entrance of the house is to a quiet, nice street and you can't hear the traffic from inside the house unless you are out in the back yard during rush hour.
Do you guys think it is a problem that this home backs into Monaco?

Is it a problem? It’s less desirable than not being that close to Monaco. If the market cools and inventory numbers go way up, you will be at a bigger disadvantage trying to sell than someone in a slightly better location. This likely means less money and/or more time on the market.

Are you getting a substantial enough price discount on it versus if it were further from Monaco? If so it’s probably fine.

[wilberry]

yes what Skydog77 said ...

[davebarnes]

Personally, I would not.
We lived at 890 S Josephine for 24 years and that is the closest I would want to be to a major street (University).

There are 4 houses near Sloan’s Lake in the $800+range that I think have a better location.

[drmoneytails]

Originally Posted by SkyDog77

Is it a problem? It’s less desirable than not being that close to Monaco. If the market cools and inventory numbers go way up, you will be at a bigger disadvantage trying to sell than someone in a slightly better location. This likely means less money and/or more time on the market.

Are you getting a substantial enough price discount on it versus if it were further from Monaco? If so it’s probably fine.

this may be a silly question, but how do I know if I am getting a substantial enough price discount?
the house is all updated and on a large lot.. i feel like compared to others i have seen on wash park, park hill, the price seems okay - but that is only based on my own very biased opinion.

[SkyDog77]

Originally Posted by drmoneytails

this may be a silly question, but how do I know if I am getting a substantial enough price discount?
the house is all updated and on a large lot.. i feel like compared to others i have seen on wash park, park hill, the price seems okay - but that is only based on my own very biased opinion.

Need to compare to stuff within a few blocks on the same side of Monaco, not Wash Park. Talk to a realtor who works a lot in the neighborhood.

[davebarnes]

Originally Posted by drmoneytails

this may be a silly question, but how do I know if I am getting a substantial enough price discount?

1. You have seen a number (many?) houses. Trust your instincts.
2. Have your agent do a quick CMA. He/She should be able to do one in 23.2 minutes.

[drmoneytails]

Thanks guys. The house was really nice but Monaco street kinda ruins it.. My instinct says "keep looking"