TJC Real Estate

HUD Secretary Donovan on Housing Market

2012-02-17T08:15:00.000-08:00

23 New Models in Stapleton: StapletonDenver.com

2012-02-10T07:57:00.001-08:00

Stapleton - Global Coolness from LEGWORK on Vimeo.

Stapleton Snow Removal Policy

2012-02-08T08:09:00.000-08:00

Below is a letter from the Executive Director, Keven A. Burnett, at Stapleton Community Association.

Stapleton Snow Removal
Many Stapleton residents continue to ask who is responsible for snow removal throughout Stapleton. The answer is that there are several entities who take on snow removal responsibilities on a regular basis from the City and County of Denver down to individual Property Owners. The system works when everyone does their part.

Major Roadways and Arterials are the responsibility of Denver’s department of Public Works. Snow removal on these designated roadways starts prior to every snow event and continue through its completion. Roads are placed in different priority levels and are addressed as equipment becomes available. For a complete diagram of these identified roads please visit the StapletonCommunity.com web site.

Neighborhood Streets are not addressed on a regular basis by the City unless a “Major Snow Event” of one foot or more occurs. The City’s policy for Major Snow Events can be found on the StapletonCommunity.com website.

Neighborhood Sidewalks are the responsibility of the adjacent property owner or Sub Association. When the sidewalk is located adjacent to a community park or parkway the Stapleton MCA will remove snow. When the sidewalk is located adjacent to a Regional Park (East West Greenway, Westerly Creek) Denver Parks and Rec will be responsible for snow removal.

Neighborhood Alley Surfaces are to be routinely maintained by the adjacent property owner or Sub-Association. Residents and sub-associations are not permitted to shovel or plow snow in such a manor that it impacts the access of the alley by any vehicle. Snow should always be shoveled, plowed and stored onto the landscaping areas located within each alley easement. Residents or Sub-association found to have caused access issues due to improper snow plowing will be issued a violation notice and corresponding
fine for the cost to cure if the MCA is required to remedy the situation. Please respect all residents need to access their property via the rear alleys by never plowing or shoveling snow onto any alley surface that impacts access to any garage.

During Major Snow Events as defined by current Denver City & County standards, the Stapleton MCA will initiate its emergency snow removal plan for the alleys along with the City’s plan for neighborhood streets. In the event of a major snow event, the snow removal plan will include the continuous use of heavy equipment, light equipment and hand work to remove snow from alleys, intersections and major pedestrian paths. Alley work will be limited to the removal of enough snow from the alleys so residents can access their garages. This emergency only procedure involves attempting to open up a single drive lane through each alley in the community. The drive lanes will not be scraped down to pavement, to eliminate the need to
truck any snow off site. This allows us to expedite the process ensuring that we can get to everyone’s alley within the shortest period possible. This procedure does not negate individual property owners from participating in the snow removal during these types of storms.

Although we are unable to address the complete removal of snow on the roads, it is our goal during a major snow events to remove enough material to allow for some level of travel in and out of the alleys. Paths and parks are done to open up some level of pedestrian travel. We will continue to address all the pocket parks and pathways to ensure that they are as snow free as possible to promote pedestrian access throughout the community.

It is our goal to continue to define the snow removal program during major and minor snow events as the community grows; specifically by coordinating with the other agencies and private property owners such that we can address the urgent needs of the community utilizing our current resources.

Sincerely,

Keven A. Burnett
Executive Director

Stapleton Commercial Real Estate Opportunities

2012-01-20T09:46:00.000-08:00

The community’s location, access to qualified labor, and economic benefits offer any company room to grow. So whether you’re planning to build a corporate campus or move into a single office building, we have what you need.

Click here to see a map of Stapleton’s business opportunities or pick one of the following districts to learn about the location:

• Centerfield Campus (127 acres – office/flex/industrial use)

• Central Park South (11 acres – office/mixed-use/retail space)

• Central Park Station (33 acres – office or mixed-use space)

• E. 29th Avenue Town Center (10 acres – retail/office/mixed-use space)

• Eastbridge (4 acres – retail or mixed-use space)

• Enterprise Park (65 acres – office/flex/industrial use)

• Northfield Business Park (93 acres – office/flex/industrial use)

• The Shops at Northfield Stapleton (67 acres – retail or office space)

Visit StapletonDenver.com for more information about Stapleton.

Invest in Denver Real Estate?

2012-01-09T11:10:00.001-08:00

North Stapleton Development Meeting

2012-01-02T20:49:00.000-08:00

North Stapleton Park Design: Public Input Meeting

Posted on December 30, 2011 StapletonDenver.com

Forest City Stapleton will discuss updates for development on the north side of Interstate 70. Here are the meeting details:

6:30-8:30 p.m. Wednesday, Jan. 25
At Stapleton's Central Park Recreation Center (9651 E. Martin Luther King Jr. Blvd.)

For more information, contact David Marquardt of Denver Parks Planning at 720.913.0629 or David.Marquardt@DenverGov.org or Tom Gleason of Forest City Stapleton at 303.382.1800, ext. 72720, or TomGleason@ForestCity.net.

Wonderland Homes 3-D Tour of Edge Models

2011-12-17T12:38:00.001-08:00

Stapleton Real Estate Market Report: December 2011

2011-12-12T19:11:00.000-08:00

By: GregPond

Stapleton DevelopmentNews

Forest City recently spoke with the Colorado Real EstateJournal about upcoming development in Stapleton in 2012. A senior vice president with Forest City Stapletonexpressed his hopes to attract major employers by offering premiere officespace in Stapleton. The commercial realestate firm Grubb & Ellis has been hired to market and sell several largeparcels of land throughout the Stapleton area. According to the article in the Colorado Real Estate Journal, themarketing effort will start in 2012 with several parcels of land for office,medical, mixed-use, flex, and light industrial buildings being offered.

According to Grubb and Ellis, they “have seen quite a bit ofactivity” for the land. They went on tosay that they have 13.5 acres under contract for office and flex space to bedeveloped. The article continued to explainthat there has been quite a bit of interest from out of state businesses, sohopefully that means more job opportunities in Stapleton.

Given there is over 300 acres available for office spacealone, there is a tremendous opportunity for a large multinational company tobuild a presence in the Denver area. Belowis a list of some of the development opportunities that are listed on ForestCity’s website StapletonDenver.com.

o CenterfieldCampus

§ 127-acres “straddling” Central Park Boulevardalong the south side of I-70 for medical, flex, R&D, and retail buildings. Prices are listed at $5-$14 per square foot.

o CentralPark Station

§ 33-acres at Central Park Boulevard and East 36^thAvenue. Bordering the future light railstop and the FBI building is a parcel for office, mixed-use, and medicalspace. Land is being offered for $12-$25per square foot.

o I-70Central Park Interchange

§ 78-acres at the “northeast corner of the I-70Central Park Boulevard interchange.” Land is being developed as office, R&D, medical, and retailspace. Land is listed at $7 to $14 persquare foot.

o East 29^thAvenue Town Center

§ Adjacent to the infamous 29^th AvenueTown Center in Stapleton is a 7.14 acre parcel at the “southeast corner ofSyracuse Street and Martin Luther King Jr. Boulevard.” Forest City is offering office, mixed-use,and medical space. According to thearticle, Forest City could develop an office building in 15-months on theparcel. Prices are being quoted at $8 to$12 per square foot—probably for the land, the article did not specify.

Click hereto read the full article and to visit the Forest City Stapleton website, whichhas periodic updates on future development in Stapleton.

Stapleton Home Sales

According to Metrolist MLS, there were 20 homes and condossold in Stapleton in November 2011. InNovember 2010, there were 29 home and condo sales, which is a considerable dropyear-over-year. Although, the precedingmonths of August to October 2011 saw an increase in sales compared to August toOctober of 2010. Below is a table withdata gathered from Metrolist MLS with some key indicators that real estateprofessionals monitor.

November Home & Condo Sales Compared to Last Year
	2010	2011
# of Home & Condo Sales	29	20
Avg. Days On Market	123	93
Avg. Price Per Sq. Ft.	$191	$198
*Data gathered from Metrolist MLS.

Central Park West

The good news is that homes and condos sold 30 days fasteron average and $7 per square foot higher in November 2011 than 2010, which isfinally good news for sellers. In myopinion, there is one red flag from the data, and that is there were 9 lesssales in November 2011 compared to 2010. In my estimation, the positives outweigh the negatives, as the $7 persquare foot on a 2,000 square foot house equates to $14,000 in additional revenueon a sale. Regardless, the Stapletoncommunity will continue to grow with more development to take place in 2012.

Sources:

Metrolist MLS
Forest City Stapleton: http://www.stapletondenver.com/business-opportunities/dev-updates/stapleton-takes-it-next-level-office-development

Stapleton Rowhome For Sale

2011-11-28T22:29:00.001-08:00

Colorado Foreclosures Fall To 42-Month Low

2011-11-17T10:07:00.000-08:00

Stapleton Home Collection 2011 Video

2011-11-09T14:17:00.001-08:00

2011 Home Collection from Stapleton Denver on Vimeo.

Stapleton Denver Real Estate Market Report For October 2011

2011-11-03T19:16:00.000-07:00

Federal Reserve

The FederalReserve signaled to Wall Street and the housing market on November 3, 2011 thatthey are considering buying additional mortgage backed securities to aid the sluggish housing market. The Federal Reserveand Chairman Ben Bernanke understand that housing has led the way out ofprevious recessions and must be supported. A normal realestate market, which seems like an oxymoron, helps create jobs and enhances additionalspending in the broader economy. So, we can expect additional aid from the Federal Reserve should the economy continue to stumble.

Interestrates have been bouncing around historic lows for several weeks now. Low mortgage rates provide home buyers with tremendouspricing power that most generations will never see. With today’s rates in the high threes to mid-fours,pales in comparison to the whopping 14.96% that my parents paid in the summerof ‘82 for their humble bungalow in rural Ohio. To put it in perspective, today's mortgage at approximately 4.5% for a $300,000 home wouldcost you approximately $1,975/month; whereas, a $300,000 home with a mortgage at 6.5% wouldcost approximately $2,351/month. The twoadditional points on your interest rate increases mortgage payments an extra$376 per month, but what is more jaw dropping is that you pay an estimated$150,000 more over the 30-year mortgage.

According tothe National Association of Realtors (NAR), 32-36% of the home buyers in themarketplace are first-time home buyers. Given that rents have continued to rise, more buyers are coming off thesidelines to purchase a home at bargain basement prices. Many buyers think that they are buying nearthe bottom, as well as the bravely optimistic that believe we are beginning theascent out of doldrums of the “Great Recession.” Many buyers have voiced concerns that interest rates cannot stay this low for too long. Regardless, the first-time home buyer isactive in the real estate market today.

In a recentarticle in the Wall Street Journal, the largest national home builders reportedthat sales are growing and prices are stabilizing. The Commerce Department reported this weekthat new-home sales grew 5.7% in September. As noted before, the combination of low interest rates and declininghome prices has sparked the interest of the weary consumer. The National Home Builders Association noted that builder confidence is on the rise as well, which is another positive note for the real estate market.

Compared to 2010, there was one less homesale in Stapleton and the average price per square foot in October 2011 was $186/sf,compared to October 2010 which rested at $191/sf. Sohome sales in October 2011 dipped slightly on a price per square foot basis,but the previous two months home sales volume was up on a year-over-year basis. Below are the results for October 2011 home sales in Stapleton, according to Metrolist MLS.

Type	Address	Baths	Beds	SF	PSF	Builder	Model	Sale Date	Sale Price
Condo	10532 E 29TH Dr	3	3	1,463	$128	NEW TOWN	DAHLIA	10/21/11	$187,000
Condo	2937 CENTRAL PARK Blvd	3	2	1,438	$170	McStain	Clarkson	10/5/11	$245,000
Condo	8719 E 25TH Ave	3	2	1,438	$175	McStain		10/12/11	$252,000
Condo	2935 WILLOW St	3	3	2,197	$148	John Laing	Paired Homes	10/14/11	$325,000
	Average PPSF Condo				$155

Res	2236 UINTA St	4	4	1,467	$235	Wonderland	Eaton	10/5/11	$345,000
Res	7738 E 25TH Ave	3	4	1,695	$211	Wonderland		10/25/11	$357,500
Res	3428 AKRON Ct	3	3	1,670	$215	KB HOMES	MARTHA STEWART	10/3/11	$359,000
Res	2928 FLORENCE St	4	3	1,631	$223	KB HOMES	ALCOTT	10/17/11	$364,000
Res	7890 E 26TH Ave	4	4	1,788	$221	New Town	Fillmore	10/19/11	$395,000
Res	8741 E 29TH Ave	4	4	2,660	$153			10/14/11	$405,959
Res	3455 N BEELER Ct	3	3	1,942	$211			10/21/11	$409,500
Res	2716 GENEVA St	3	4	2,439	$181	MCSTAIN		10/28/11	$442,500
Res	8174 E 28TH Ave	4	3	2,691	$167	PARKWOOD	OXFORD	10/22/11	$450,000
Res	2950 EMPORIA Ct	4	4	2,160	$208	NEW TOWN	MONROE	10/21/11	$450,000
Res	8421 E 21st Ave	3	4	2,392	$190	Parkwood	Chesapeake 4	10/18/11	$454,427
Res	2656 GENEVA St	5	5	2,851	$177	McStain	Willow	10/28/11	$505,000
Res	9030 E 29TH Ave	4	4	2,856	$186	Parkwood	Oxford	10/26/11	$532,000
Res	2674 DAYTON St	4	4	3,288	$165	Parkwood	Veranda	10/13/11	$542,000
Res	9052 E 35TH Ave	4	5	2,944	$187	Parkwood	Oxford 4	10/19/11	$551,000
Res	7907 E 24TH Ave	8	5	4,471	$216	NUWEST	Parade of Homes	10/17/11	$966,800
	Average PPSF Single Family Home				$197

*Data gathered from Metrolist MLS.

2011 Stapleton Pumpkin Decorating & Carving Contest and Food Drive

2011-10-28T11:17:00.000-07:00

2011 Stapleton Pumpkin Decorating and Carving Contest and Food Drive

Bring your already carved or decorated pumpkin and something for The Gathering Place:

When: October 30, 2011: 5:30pm - 7:30pm (Check in by 6:00 pm with your pumpkin(s). Judging and viewing will take place between 6:00 and 7:00pm. Winners will be announced at 7:00pm!

Where: Founder's Green in Denver's Stapleton neighborhood

Who can participate: Anyone!

What: This is a contest for Jack-o-Lantern Decorating and/or Carving. We will also be accepting food donations for The Gathering Place of Denver, as a part of our Halloween Trick or Treating for a Cause (Please check out the needed items on The Gathering Place website)

Entries in each division will be judged based on originality & quality of work (including consideration for age in the kids divisions)

Udi's Restaurants is going to be providing hot chocolate and The Bon Bon Buggy buggy is going to be there as well, bringing their gourmet chocolate covered caramel apples and special treats for anyone who shows up in costume!

We also have a wonderful panel of judges lined up to judge the Jack O' Lanterns! (Please sign up if you want to enter any pumpkins in the contest).

Our judges are Laura Meixell, Events Coordinator from the Gathering Place, Colorado State Representative Angela Williams, and Bella the Princess from Wands and Wishes.

Divisions & Top Prizes (more prizes may be added):

Little kids (11 and under) Top Prize: $50 Timbuk Toys Gift Card
Big kids (12 - 17) Top Prize: $100 Best Buy Gift Card
Adults (18 and over): Top Prize: iPad2

Rules:

All contestants must register using the form below.
No carving or decorating is to be done on location at the event. Anyone wishing to partcipate must bring an already carved or painted Jack-o-Lantern. Here is a list of locations where you can buy pumpkins.
The main part of the entry must be a pumpkin or a member of the pumpkin family.
Pumpkins may be carved OR decorated. Objects, paper & materials of any kind may be pinned or glued to pumpkins. Participants may also draw or paint on their entries, cut designs into their services or dress them up. No electrical device (other than battery powered candle/light) may be used as part of any entry.
Kids division guidelines: Jack O' Lantern design must be created by the kid(s), but an adult can do the actual carving. Any painting/decorating must be done by the kid(s).
Bring your own candle or light to illuminate your pumpkin at dusk
This is a family event. We reserve the right to remove/disqualify any entries that are deemed to be inappropriate or offensive.
We reserve the right to change the prizes, divisions, rules or other aspects of the contest (For example, we may add a division and more prizes if the number of entries is high enough)
In the case of inclement weather, the contest will still proceed but may be relocated. All contestants will be notified and changes will be posted on this site.
Have fun!

For more information, visit http://stapletonconnect.com/page/2011-pumpkin-contest

Elegant Stapleton Home For Rent

2011-10-26T10:31:00.000-07:00

Greg Pond | TJC Real Estate & Management | (720) 457-4520

2709 Hanover St, Denver, CO

Elegant Stapleton Home For Rent

4BR/3+1BA Single Family House

$2,895/month

Bedrooms	4
Bathrooms	3 full, 1 partial
Sq Footage	2,416
Parking	None
Pet Policy	Conditional
Deposit	$2,895

DESCRIPTION

Amazing 4 bedroom plus loft, 3.5 bath house, John Laing #3 model - rarely found on rental market – with all the upgrades
Unique open floor plan has almost 3400 SF of living space including a finished basement
First floor has a hardwood through-out – includes a family room (with fireplace off of kitchen) ; great room that can be used as a formal dining room or living room, and space for a large office
Spacious Gourmet eat in kitchen with stainless appliances, top of the line dishwasher, built in microwave, and 5 burner gas cook top
Upstairs has oversized master with large walk in closet and 5 piece bath, 2 large bedrooms, a 2nd full bath, and a loft perfect for 2nd office or kids game room.
Finished basement has family room, 4th bedroom, 3rd full bathroom, and plenty of storage
Large fenced in backyard with huge deck; 2 Car private garage with large (for Stapleton) backyard

see additional photos below

RENTAL FEATURES

- Air conditioning	- Fireplace	- Walk-in closet
- Hardwood floor	- Family room	- Living room
- Bonus/Rec room	- Office/Den	- Dining room
- Dishwasher	- Refrigerator	- Stove/Oven
- Microwave	- Granite countertop	- Stainless steel appliances
- Basement	- Washer	- Dryer
- Balcony, Deck, or Patio	- Yard	- Cable-ready

COMMUNITY FEATURES

- Garage parking	- Guest parking	- Storage space(s)
- Fitness center	- Swimming pool(s)	- Tennis court(s)
- Playground	- New property (< 5 years)

LEASE TERMS

flexible

ADDITIONAL PHOTOS

Photo 1

Contact info:

Greg Pond

TJC Real Estate & Management

(720) 457-4520

Equal Opportunity Housing

Posted: Oct 26, 2011, 8:23am PDT

Closing Tips & Checklist For Home Buyers

2011-10-18T10:59:00.000-07:00

Purchasing a new home includes more cash than an earnest money check for the down payment and a few hundred dollars for a home inspection. Closing costs can be up to 2-4 percent, which typically includes: title insurance policies, recording fees, home inspection fees, courier charges, and other lender fees. Several other factors that determine closing costs are points and origination fees, which are common lender charges to factor in to the equation. The summary of fees for closing costs are disclosed on the Good Faith Estimate (GFE), so be sure to review a couple before closing.

Mortgage Rate Averages

Prior to committing with a mortgage broker or lender, get a few Good Faith Estimates from potential lenders and mortgage brokers. Comparing at least three (3) GFEs will provide a financial picture for you to make an informed decision. For example, total closing costs for a $400,000 home could cost approximately $4,000 to $16,000, so doing your homework can save you thousands of dollars. Below is a list of common closing costs for home buyers:

One-Time Closing Costs
The fees that are paid once at closing are as follows:

Home inspection
Title policies
Escrow or closing
Notary fees
Survey fee
Wire fees
Courier/Delivery (i.e. FedEx, UPS)
Attorney fees
Endorsements
Recording fees
State, County, and/or City Transfer Taxes
Lender fees paid in conjunction with the loan on HUD-1, line 800
Loan discount fees
Loan origination fees
Documentation processing fees

Prepaid & Recurring Closing Costs
These fees will be paid again in the future, such as:

Property taxes
PMI (if applicable)
Prepaid interest
Flood insurance (if required)
Fire insurance premium

Depending on the time of year that you close, will determine the prorated amount the lender will collect for future insurance premiums and taxes. Click here for a list of settlement or closing costs from HUD. Be sure to have your real estate professional review the HUD with you prior to your closing.

What to expect on Closing Day?

Present paid homeowner’s insurance policy or binder and receipt with proof that premium has been paid.
Closing agent will list the money you owe the seller, such as: remainder of down payment, prepaid taxes, etc.
Monies the seller owes the buyer, such as unpaid taxes, credit for repairs, credit for HOA fees, and other concessions negotiated.
Seller to provide proof of warranties, copies of invoices for repairs, etc.
After you review and understand the documentation, you will sign the mortgage. Signing the mortgage means that the lender has the right to sell the property if you do not make payments.
Sign a mortgage note, which is a promise to repay the home loan.
Seller will provide the title to the house in the form of a signed deed.
The lender’s agent will paid be paid closing costs, and provide you with a settlement statement of all items that you paid for in the transaction.
The deed and mortgage will be recorded at the Registry of Deeds.
Congratulations you are now a homeowner.

Documentation You Receive At Closing

Settlement Statement, HUD-1 Form

Itemized list of services provided and fees associated with services
Filled out by closing agent
Must be provided at or before closing

Request a copy before closing

Truth-in Lending Statement
Mortgage Note
Mortgage or Deed of Trust
Binding Sales Contract

Prepared by the seller
Have your attorney review the contract

Keys to your new home

Below is a list of specific ‘Settlement Costs’ from the U.S. Department of Housing and Urban Development:

Stapleton Paired Home For Rent: Mountain Views

2011-10-17T10:19:00.000-07:00

$2,395/month

8665 E. 29th Place in Stapleton

Amazing 2 bedroom plus loft(ideal for office/study, or 3^rd bedroom), 3 bath John Laing Paired Home
Eat in kitchen has all the upgrades: Cherry Cabinets, Hardwood floor, stainless appliances, granite counters, gas cook-top and breakfast bar/island
Large family room has fireplace and surround sound
Oversized master with large walk in closet, 5 piece bath, and Juliet balcony with park views.
Upstairs loft ideal for office or kids play area
Home includes a large unfinished basement, security system, 2 car garage, &central a/c
Great outdoor living with wraparound front/side porch, large “corner lot sized’ fenced in yard which includes a doggy door, and a shared courtyard with patio.
Ideal location across from Central Park and minutes from the Stapleton Town Center, the four community pools, dog park, walking path/greenbelt, and various playgrounds
Convenient to Downtown, DIA & Fitzsimons(Anschutz Medical Campus) with Easy Access to I-70
Available mid-December; Some short Term Lease Options Available

HGTV: About Stapleton & 2011 Green Home

2011-10-17T08:56:00.000-07:00

Stapleton Pumpkin Patch & Farmers Market

2011-10-14T09:24:00.000-07:00

Stapleton’s last Farmers Market will be from 8:30 a.m. to 12:30 p.m. Sunday, October 16, on The Green. Pumpkins will also be on-site, and for every $5 you spend at the market, you’ll receive a coupon for the Pumpkin Patch. Get there early as the pumpkins will probably sell out fast.

Forest City Stapleton Realtor Development Panel Discussion

2011-10-13T13:28:00.000-07:00

In late September, Forest City hosted a Realtor Development PanelDiscussion at the Discovery Center in Stapleton. The room was filled withreal estate professionals noshing on croissants and coffee, and chatting aboutthe ever-changing landscape of Stapleton. Several speakers took to thepanel and the discussion was underway. Forest City started the discussionwith an update on the current and future development, which is on display atthe Discovery Center. Below is a summaryfrom the Forest City notes from the discussion about current and futuredevelopment projects in Stapleton.

Central Park West

Central Park West

The new neighborhoodwest of Central Park is bustling with activity as new homes spring up amongstthe construction trucks and heavy machinery. There are two new buildersin the neighborhood: David Weekley Homes and Standard Pacific. Accordingto Forest City, over 115 homes have sold in the Central Park neighborhoodssince April. Forest City predicts the remaining lots in Central Park Westwill be sold by the spring of 2012.

Martin Luther King Boulevard/South Side of Central Park
There have been no definitive plans carved out as of yet, but the plan is to be finalized by first quarter of next year. Forest City mentioned that this area will be high-end multi-family homes similar to the Brownstones currently along MLK.

I-70 Central Park Boulevard Interchange

The six-lane interchange will include a bridge over Interstate 70, and is tentatively scheduled to open November 1^st. The road extension will connect Stapleton’s residential area south of I-70 to the Shops at Northfield Stapleton.

FasTracks

South Stapleton
The east side of Stapleton is one of the largest undevelopedneighborhoods south of interstate 70. According to Forest City’s plans,there will be about 120 homes built in the next year, and another 200 homes inthe second phase. Construction is underway on two new apartment projects:Novella and Eastbridge Apartments. According to Forest City, NovellaApartments will open next year with 85 units in the first phase, a couple of blocksnorth of the East 29th Avenue Town Center. The carpenters are outassembling Eastbridge Apartments, which will be at East 29th Avenue and GenevaCourt with 118 units. The delivery date is set for summer of 2012.

In 2016, the trackswill be laid for FasTracks light rail stop in Stapleton, Central Park Station will be nearthe Quebec Square Shopping Center. Surrounding Central Park Station willbe mixed-use real estate offering passengers the opportunity to pick up acoffee and the newspaper before heading to work on the train. This new trendin urban development called transit-oriented development (TOD) ortransit-oriented community (TOC) is designed to offer residential andcommercial (office and retail) space while maximizing public transportation. Residents can take advantage of working, shopping, and living in an areathat is convenient and walkable.

Rendering of new Stapleton Library

Stapleton Library

The steel beams are being laid for the foundation of the future Stapleton Library. The library is set to open in mid-2012,according to Forest City. The project isset to be LEED Silver with environmentally friendly and energy efficientbuilding systems.

Eastbridge Town Center
As previously mentioned, Eastbridge Apartments are currently underconstruction. The existing car wash isthe future site of the Eastbridge Town Center. Forest City is still courting grocers to anchor the new retailcenter. At the time of the meeting inlate September, Forest City did not have any grocery stores lined up, but didmention that they are in talks with several grocers.

Eastbridge & 26^th Avenue
The 25-acre park slatedfor East 26^th Avenue still has no grand opening date set. Forest City is still in talks to give thepark back to Aurora after the park is developed. According to Forest City, “Dayton, Fulton, Iolaand Kingston streets will connect Stapleton to Aurora.”

MLK to Peoria Extension

The MLK to Peoriaextension will connect Iola to Fitzsimons Parkway. The city of Denver is petitioning the federalgovernment for $10M in funding for the project. The city of Denver expects to hear back from the federal government in January of2012.

North Development

Stapleton will continueto expand with new development north of I-70. Homebuilders will showcase their new modelsin early spring of 2013. Recently,Denver Public Schools (DPS) acquired a 20-acre parcel on the southeast corridorof 56^th Avenue and Northfield Boulevard. DPS plans to build a high school that couldopen in 2014 or 2015, which depends on the growth of Stapleton and the citybudget.

2011 Sales Data from Forest City

Under Contract:

Jan. 1 – Sept. 30, 2011 – 285 new home sales
Jan. 1 – Sept. 30, 2010 – 204 new home sales

New Home Closings

Jan. 1 – Sept. 30, 2011 – 179 new home closings totaling $73,128,691
Jan. 1 – Sept. 30, 2010 – 210 new home closings totaling $78,405,736

Resale Home Closings

Jan. 1 – Sept. 30, 2011 – 161 resale closings totaling - $66,053,207
Jan. 1 – Sept. 30, 2010 – 139 resale closings totaling $49,077.610

New Home Sales Average

2011-- $422,407*
2010-- $410,268*

*Based on market rate homes sold Jan 1. – Sept. 30

Click here to see the notes from the meeting.

Arapahoe Basin, Loveland open for skiing

2011-10-12T22:47:00.000-07:00

Arapahoe Basin, Loveland open for skiing: Another Colorado ski resort — Arapahoe Basin — fires up the lifts for the first time this season on Thursday, and Loveland follows suit a day later.

Arapahoe Basin, located just west of the Continental Divide on U.S. 6, switches on a single lift serving the intermediate High Noon run at 9 a.m. MDT Thursday, with an 18-inch base of natural and machine-made snow.

The high-altitude resort closed for the 2010-11 season on July 4, just over three months ago. A-Basin will pay tribute to founders Marnie Jump and Max Dercum, who passed away this year, before the opening...more

Courtesy of Denver Business Journalhttp://www.bizjournals.com/denver/

Tips to Refinance Home Mortgage

2011-10-12T11:17:00.000-07:00

Stapleton Home For Rent

2011-10-10T10:16:00.000-07:00

TJC Management Services: Stapleton Home For Rent:

2550 Xanthia Court

· Beautiful 2,000+sf, 3 Bedroom, 2.5 Bathroom

· Kitchen has stainless appliances, double oven, and gas range

· Master Suite

· Master bath 5-piece bath, jetted bathtub

· Large walk-in closet

· Steps to the Puddle Jumper pool

· Office with French doors

· 2 Car Garage

· Central Air

· Unfinished basement for storage

· Loft upstairs, can be office

· Available January 1st

· $2,450 per month

Great location, steps from the Puddle Jumper Pool and blocks from Stapleton Rec Center pocket parks, greenway, playgrounds, Stapleton Town Center, the other three Community Pools, Dog Park, Walking Path/Greenbelt, and Westerly Creek/Bill Roberts/SMIS/DSA/DSST/Odyssey schools. Convenient to Downtown, DIA & Fitzsimons(Anschutz Medical Campus) with Easy Access to I-70 and Northfield Mall. Some Short Term Lease Options Available.

HGTV: All About Stapleton

2011-10-06T13:50:00.000-07:00

September Home Sales For Stapleton, Denver

2011-10-04T14:55:00.000-07:00

Stapleton Town Center

According to MLS sales data, the Stapleton real estate market experienced another month of solid gains. There were 25 home sales in September 2011 in Stapleton, surpassing last years sales of only 18 homes and condos. Homes sold from July 3, 2011 through October 3, 2011 were on the market for an average of 68 days. This is up from last month, which experienced 55 days on the market, but much better than July 2011 which was 91 days on the market. In brief, this is good news for Stapleton homeowners.

Home prices have stabilized and demand for Stapleton homes continues to gain momentum. Not to mention, the incredibly low mortgage rates have given the market a little nudge in the right direction. Given the low inventory of homes on the market in Stapleton, the majority of home sales are new construction. There just aren't that many resales to choose from, so the builders are winning the home buyers. Another factor is that many builders are offering very attractive finishes and pricing to lure in home buyers.

According to the Chairman of the S&P Index Committee David Blitzer, the Denver area market did not experience the lows that other U.S. real estate markets experienced. Blitzer commented that the real estate market is moving from a national picture to a local and regional marketplace. In the recent Case-Shiller Home Price Indices report, Denver ranked #4 out of 20 metropolitan cities. This is great news for the Denver area real estate market.

Below is the data for recent sales in Stapleton for the month of September, according to MLS.

#	Street Name	Baths	Beds	SqFt	Builder	Sold Date	Sold Price	PSF	Type
2708	SYRACUSE St	1	2	817	Palace Builders	9/14/11	$124,900	$152.88	Condo
9891	E. 26TH Ave	1	2	1,178	MCSTAIN	9/29/11	$151,100	$128.27	Condo
8272	E 24th Dr	2	2	1,133	MCSTAIN	9/30/11	$213,500	$188.44	Condo
8824	E. MARTIN LUTHER KING Blvd	4	4	3,950	DENVER BROWNSTON	9/12/11	$560,000	$141.77	Condo

2686	AKRON ST	3	2	1,341	KB	9/30/11	$265,000	$197.61	Res
10047	E. 31ST AVE	2	2	1,185	Wonderland	9/30/11	$290,000	$244.73	Res
2696	AKRON ST	3	3	1,586	KB	9/9/11	$297,000	$187.26	Res
9065	E. 28TH Ave	3	3	1,997	KB Gallery	9/23/11	$320,000	$160.24	Res
2362	XENIA St	3	3	1,639		9/7/11	$345,000	$210.49	Res
2850	XANTHIA CT	3	3	2,072		9/2/11	$350,000	$168.92	Res
3260	SPRUCE ST	3	3	1,692	WONDERLAND HOMES	9/23/11	$389,382	$230.13	Res
7792	E. 25TH AVE	4	4	1,778	Wonderland	9/8/11	$402,000	$226.10	Res
8641	E. 29TH AVE	4	4	1,837	McStain	9/23/11	$424,000	$230.81	Res
7877	E. 22ND Pl	4	4	2,049		9/22/11	$427,000	$208.39	Res
2834	ELMIRA ST	3	3	2,231		9/23/11	$430,000	$192.74	Res
3462	Trenton ST	3	3	2,134	DAVID WEEKLEY	9/23/11	$431,640	$202.27	Res
2829	WABASH ST	4	4	2,394		9/28/11	$436,650	$182.39	Res
3537	AKRON CT	3	3	2,349	Infinity	9/8/11	$469,068	$199.69	Res
8123	E. 34th Ave	3	3	2,204	New Town Builder	9/9/11	$517,274	$234.70	Res
9678	E. 28TH Ave	4	5	2,608	JOHN LAING 5	9/15/11	$558,000	$213.96	Res
9071	E. 29TH AVE	4	4	3,060		9/29/11	$570,300	$186.37	Res
9147	35TH AVE	3	3	3,022	INFINITY HOME CO	9/7/11	$636,673	$210.68	Res
9157	35TH AVE	4	4	3,255	INFINITY HOME CO	9/7/11	$655,484	$201.38	Res
3156	DAYTON ST	5	5	4,051	Harvard Communit	9/2/11	$975,000	$240.68	Res
8214	E. 25TH Dr	4	4	3,251	Latsis Custom Ho	9/8/11	$1,127,803	$346.91	Res
					Average Price Per Square Foot			$203.51

Home Buyer Tips

2011-09-30T08:32:00.000-07:00

Location

Like the old adage that we so often here, “location, location, location.” It still rings true in today’s real estate market. There are several factors that home buyers should consider when looking for a new home. You (spouse or in-law, if applicable) should make a list of the following items that are important to you in your next home. Remember to consider resale value when choosing the right location for your dream home. Below is an example of items to consider:

Commute time
Public transportation
Local schools or day care
Shopping centers
Gym or fitness club
Busy street versus quiet street
Commercial district versus residential neighborhood
Condo versus single-family home
Parks and recreation
More than one story
Number of bedrooms, bathrooms
Square footage
Condition of heating, plumbing, electrical
List features that you would like in your home, such as: garage, fenced in yard, finished basement, master bathroom, etc.

Research your target area

Ask your real estate professional to get you the latest home sales data in your target areas. This will give you an idea where homes and condos are selling at compared to their asking price. Trulia and Zillow also have some great market statistics, but a real estate professional will have “real-time” market information. You also want to see the current homes and condos on the market. Foreclosures and REOs are another area to review, so you can see if there are discounted properties in your target area.

Most of us do not have a crystal ball in our closet, so it is tough to know what the future holds. But, you should think about living in your new home for at least a few years. If you cannot commit to living in the house and community for a few years, then maybe it is not the right house or town for you. Transaction costs are significant when you purchasing and/or selling a home, so be aware your other costs associated with purchasing a new home.

Financing

If you are serious about purchasing a new home, it would behoove you to start talking to local and national banks, as well as mortgage brokers. They can help you figure out what you can afford. Click here for a calculator from Ginnie Mae to help you figure out how much you can afford. Visit sites like Bankrate.com to get an idea of where rates are at today. Once you have done some homework, it is time to get a pre-approval letter from the lender or mortgage broker.

Don't forget closing costs. Closing costs can vary depending on the loan and can be between 2 and 4 percent of the sales price for a home buyer. Click here to visit the Realtor.com website with a link to a closing cost calculator.

Review your credit history by getting a free credit report from the many agencies out there that offer a limited time free credit report. You want to clean up any outstanding debts that you possibly can and also look for blemishes on your report that you may have not known about. There are ways to increase your score by a few points, which your lender may be able to help you with.

There are many types of mortgages out there, so review the many different offerings to find the one that best suits your needs. Bankrate.com has a great article on the different types of fixed and adjustable rate mortgages. Click here to go to Bankrate.com.

Build a team & get organized

Before you go out trouncing through open houses, ask your real estate professional for a checklist or create a spreadsheet to keep a log of the homes that you have seen. Click here for a checklist that from HUD that I provide to clients for each home they see. Incorporate some of the features that you require in your next home into the checklist. Feel free to contact me for a Word version that you can personalize.

A home inspector is a crucial piece to the team of professionals that you need to help with the purchase of your new home. A home inspector can give you a list of potential problem areas in the home, which is worth its weight in gold. I would also recommend a real estate attorney, real estate broker/agent, insurance agent, and accountant to round out your team. Click here for a link to the IRS for tax information for home buyers.

Making an Offer

Now that you are serious about purchasing a home or condo, it is time to start making offers to purchase. Click here to read an article that I wrote with 8 tips to think about before making an offer. Ask your real estate professional to see a blank copy of an offer to purchase, so you can familiarize yourself with the language of the contract. Ask your real estate pro to review the contract with you. Learn about the multiple contingencies that you can build into your offer, so you are protected if the inspection reveals something about the home that turns you off from moving forward. At this point, I would also contact your real estate attorney and accountant.

Sources:

Stellar Stapleton Home For Sale

2011-09-27T21:20:00.000-07:00