This gorgeous, custom home is a mountain oasis in the heart
of the city, offering an open floorplan and 360-degree mountain & city
views! Enter into a large, vaulted great room with an ENTIRE GLASS WALL,
walk-out to 2 of 4 decks – enjoy magnificent views! A formal dining room
adjoins large, modern kitchen with new stainless steel appliances & granite
counters. Step-down to a family room with gorgeous, cultured stone fireplace
& a walkout to 2nd deck.
On the top level are 2 ample sized bedrooms and master
bedroom suite featuring a 5 pc bath, jetted tub with a Tiffany lamp and
Bluetooth speaker for complete relaxation, a walk-in closet with cedar floors
& walk-out to a 3rd, private deck. You’ll also find another guest bathroom
featuring an OVERSIZED shower and bench on that level – perfect for any living
Step down 2 levels to a 2nd family room with another
cultured stone fireplace, wet bar & walkout to 4th deck. Another two
bedrooms & third bathroom on the lower level will make a great living area
for in-laws, kids home from college, a short term guest?
INTERIOR HIGHLIGHTS OF HOME:
Completely remodeled home. The main level offers a very open layout. Offers a large laundry room w/built-in cabinets & utility sink. 2 central a/c units & furnaces with ceiling fans in every bedroom provide maximum, all-season comfort. Oversized, 3-car garage with ample space for a workshop! at the end of a cul-de-sac sets atop a hill with pine trees, scrub oak and wildlife galore – unrivaled privacy!
At the north end of town & near great schools, shopping,
restaurants, a public library, I-25, and more, it’s a luxurious, cost-effective
alternative to Denver prices AND an easy in-town commute.
In one word, market conditions are robust. A proud member of Atlas Real Estate Group, the premier real estate investment company and brokerage team along the Front Range, I am often asked for an indication of the rental market in Colorado Springs. Here is a brief synopsis.
Market Conditions – Year over Year Rent Growth
At 11% according to Yardi®, we are top three in the nation when it comes to year over year rent growth, a finding consistent with what we see on a daily basis analyzing the market for our investor clientele. This is due to a myriad of factors, such as limited inventory, minimal construction activity and a level of population growth that has moved us up to being the nation’s 40thmost populous city and a “positive trajectory with respect to economic recovery and growth“.
Market Conditions – Supply and Demand
The result of our robust market is high prices. This is bad news for wholesalers and flippers, a business model needing margins of 25% or better to make sense. Forced to seek elsewhere for the short term ROI they need, many are flocking to markets such as Indianapolis, St. Louis and others where housing prices are low enough to generate the profit margins they need. And this is where the downside takes a sharp decline.
Stepping over dollars for pennies, their capacity for building long term wealth is severely limited, as can be seen by much lower rent growth rates of 4.3% and 2.9% respectively.
Not to mention, and though cash is truly king in the rental game, appreciation cannot be overlooked. According to NeighborhoodScout®, Colorado Springs has shown an 8% in annual appreciation rate in the last 12 months, whereas Indianapolis, IN and St. Louis, MO show 4.73% and 6.14% rates respectively.
Market Conditions – Seeking New Clients
How’s the market, you ask? Like Caribbean waters, warm and inviting. Come on in? Don’t worry, no sharks allowed.
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