Just Listed: Discover the Perfect Blend of Comfort and Colorado Charm in this Adorable Ranch!

 
 
 

Welcome home to Arvada!

This adorable ranch is the perfect place to relax, entertain, and enjoy all the things you love about living in Colorado! Head through the front door into your living space, which features massive windows + beautiful hardwood floors. This open floor plan allows you all the room you need to host happy hour or have friends over for game day. Whip up appetizers in the freshly remodeled kitchen, while your guests gather around the dining table or lounge in your expansive back patio. The large driveway + detached garage give you plenty of room for your cars, RV, or outdoor toys. Ready to explore? Olde Town Arvada is located less than two miles away, giving you an easy option for grabbing a bite to eat or doing some local shopping. Quick access to the lightrail and I-70 means that commuting is a breeze and your next adventure is never far. You're going to love living here!

Listed by Kasie Foster for West + Main Homes. Please contact Kasie for current pricing + availability.

 
 
 

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West + Main Homes
(720) 903-2912
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Kasie Foster
720-329-0605
kasie@westandmainhomes.com

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Home equity remained near historic highs to end 2023

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Buoyed by a rise in home prices, U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023.

Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

“Rising home prices continue to fuel growing home equity, which, at $298,000 per average borrower, remained near historic highs at the end of 2023,” Selma Hepp, chief economist at CoreLogic, said in a statement.

“By extension, at 43%, the average loan-to-value ratio of U.S. borrowers has also remained in line with record lows, which suggests that the typical homeowner has notable home equity reserves that can be tapped if needed.”

 
 

Rhode Island posted the country’s highest annual equity gains of $62,000, followed by New Jersey ($55,000) and Massachusetts ($53,000). The equity growth in the three Northeast states was attributed to “the recent healthy home price increases” in that area of the country.

In January, home equity increased by 13.2% year over year in Rhode Island and by 11.6% in New Jersey, as the two states led the nation in annualized appreciation.

Texas was the only state that posted an annualized equity loss (-$6,000) in Q4 2023.

Home price growth over the past year helped lift the equity of homeowners who were underwater due to price declines in 2022, meaning their mortgage debt exceeded the value of their properties. 

As of fourth-quarter 2023, the total number of mortgaged homes with negative equity decreased by 1.1% from the previous quarter to 1 million homes, or 1.8% of all mortgaged properties.

Compared to 12 months earlier, that figure dropped by 15%, from 1.2 million homes or 2.1% of all mortgaged properties. 

The national aggregate value of negative equity was approximately $323 billion at the end of last year. This was up by $9 billion (3%) from the $314 billion figure in third-quarter 2023 but down by $12.4 billion (4%) from the $336 billion total in fourth-quarter 2022.

 
 

Because home equity is affected by home prices, borrowers with equity positions near the break-even point are most likely to move into or out of underwater status as prices change. 

If home prices increased by 5%, 114,000 properties would have regained positive equity status as of Q4 2023. If prices declined by 5%, however, 162,000 homes would have fallen underwater, CoreLogic projected. 

The real estate analytics company expects U.S. home prices to increase by 2.8% from December 2023 to December 2024.

Read more at HousingWire.com

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Just Listed: A Perfect Blend of Space, Style, and Serenity!

 
 
 

Welcome to 8267 Arapahoe Peak Street!

A stunning residence where luxury meets comfort in a harmonious blend, offering an unparalleled living experience. This well appointed property is designed to cater to a variety of lifestyles, ensuring that every moment at home is one of quality & enjoyment. Spanning an impressive 4,345 square feet, this house boasts five beds & five baths, providing ample space for family, guests, and versatile living arrangements. As you approach the home, you are greeted by a charming covered front porch that sets the tone for the inviting ambiance that permeates throughout the interior. The design of the house is one of brightness and spaciousness paired w warmth & coziness, creating an environment that feels both expansive & intimate. The heart of this home is undoubtedly the gourmet kitchen. Clad in pristine white w beautiful quartz countertops, it is equipped w oversized island, gas cooktop, double oven, SS appliances & walk-in pantry. The dining space adjacent to the kitchen ensures that it's not just a place for cooking but also for gathering & making memories. A large covered back deck off the main living area is perfect for summer cookouts or simply enjoying the sunny Colorado days & evening sunsets. For those who work from home or cherish privacy, the main-floor office is a dream come true…..complete with French doors & access to the covered deck. The primary bedroom serves as a private retreat within this expansive home. It features a well-appointed 5-piece bath w lg soaking tub & walk-in closets. Practicality is not overlooked in this home; a stylish mudroom off the garage includes great storage & built in bench. This home features a newly finished full basement adding 2 bedrooms, a 5 piece spa like bath, powder, XL media room w builtin speakers, wet bar kitchenette & home gym! The three-car heated parking garage, caters to the needs of modern households. 2 playgrounds within 2 blocks plus walkable to Sterling Ranch amenities!

Listed by June Schlesinger for West + Main Homes. Please contact June for current pricing + availability.

 
 
 

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West + Main Homes
(720) 903-2912
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June Schlesinger
303-521-7292
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Just Listed: Ideal Littleton Home Facing Greenbelt

 
 
 

Welcome to your new home in the sought-after Steeplechase community, just a short five-minute drive from downtown Littleton. This gem boasts numerous upgrades and features that make it truly move-in ready. New carpet and kitchen appliances, all installed in 2021, set the stage for a fresh and modern living experience.


Enjoy the versatility of an upper-level bonus room, complete with charming French doors, brand new flooring and a picturesque mountain view. Say goodbye to parking concerns with your attached oversized 1-car garage, providing both convenience and additional storage space. With the HOA covering exterior maintenance, water, sewer, trash and pool access, this condo provides a unique opportunity for a simplified and enjoyable lifestyle.

Listed by Amanda Baffle for West + Main Homes. Please contact Amanda for current pricing + availability.

 
 
 

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West + Main Homes
(720) 903-2912
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Presented by:
Amanda Biffle
720-629-6298
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As Featured in West + Main Home Magazine: Mid-Century Marvel

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West + Main Agent Kevin Bolin

“I was showing property to clients who were looking for a brick ranch. I drove them through the Indian Hills neighborhood as, in my opinion, it’s one of the most desirable areas in Fort Collins”
— Kevin

“All of the homes were custom built in the 60’s and 70’s with large lots and now have mature landscaping. It’s a really special neighborhood. We happened upon an estate sale in progress and walked through. My clients had ZERO interest in the house, (really actually hated it) but I liked it and knew my wife would also. I called her and had her run to the estate sale and of course she loved it. We spent the next couple of weeks in negotiations and ended up with the house!”

The house was in really great condition but extremely dated and most of it not in a good way. The Bolins ended up living in the house for almost 6 years before starting the remodel and that was very helpful in informing the final design, as they thought about many different remodel plans…but they ended up keeping all the rooms where they were.

“Ultimately we bought the house because we loved it and it felt like home after living there for so long, so we kept the floorpan the same. We did open up some walls and moved nearly every doorway in the house (some just a few inches) to provide a better flow. That made all the difference in comfort, light and livability but still felt like our house.”

The couple really wanted to honor the midcentury quality + feel of the original home and wanted to have a finished space that was great for entertaining and had a bit of a sense of humor, as well as a good flow for parties and defined, intentional spaces that created some moments that they would feel comfortable enjoying, human scale and intimate.

“Lighting was a really important consideration and turned out to be one of the things that really makes the house have a soul,” said Kevin. “Midcentury homes weren’t known for their abundance of lighting and relied heavily on lamps. We wanted to make sure we had very layered and functional interesting lighting that maintained the original ambiance.”

The back of the house has large windows overlooking the yard and the landscape plan was designed to feel like a continuation of the interior. They modernized the yard and removed about 75% of the turf grass areas, but tried to keep some of the quirkiness and traditional elements of the original landscape.

“The blue painted birds on the back fence are really interesting to look at in the evening when they are illuminated by the globe light fixtures, and we have a neat rowed area of flowing perennials and a bed of lavender so we can have fresh flowers for the house all summer.”

The key words that we kept in mind as we were working on this project were restraint, quality, humor, and efficiency. We wanted the end product to not feel like new construction, but a super well maintained original house!

We worked with some amazing companies on this project.

This was the 3rd house remodel that we have done using Aspen Leaf Kitchens, 4338 Tennyson St, Denver, CO 80220. We can’t say enough good things about the collaborative process and quality of cabinets they provide. Absolutely the best installers on the planet!

Independent Plumbing Solutions (IPS), 1611 E Lincoln Ave UNIT A, Fort Collins, CO 80524

Benchmark Electrical Services, 621 Gyrfalcon Ct, Windsor, CO 80550

American Air Heating and Air Conditioning, 7350 Greendale Rd, Windsor, CO 80550

RLM Services, Hardy Window and Door, Colorado Quality Painting and NOCO Drywall were all spectacular partners on this project and really understood the quality of construction and finishes that we wanted.

Waterwise Land and Waterscapes, 1930 N Whitcomb St, Fort Collins, CO 80524 were our full service Landscape Company handling the design, install and maintenance of our yard.

We ended up spending around $650,000 on the remodel and landscaping.

 

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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