For a hint of what experts are saying once again looks like a hot spring for Denver's housing market, take a look at what's happening 20 minutes north of downtown near the interchange of I-25 and the 470 Northwest Parkway. Last weekend, even with the Broncos in the hunt for a championship, serious buyers were out in force with their checkbooks out at KB Home's new Villa paired homes at Broomfield's North Park.
Some of this is about pricing: Villas at North Park has roomy designs starting at $317,000 (2-car garage included) - around $100,000 less than shoppers find new homes available at competing Broomfield neighborhoods to the west. But that's not the whole story, says Randy Carpenter, Vice President of Sales and Marketing at KB Home Colorado.
"This is turning into an area where homebuyers see an exceptional future," says Carpenter. That owes to the Adams Five Star Schools (grade K-thru-9 Prospect Ridge Academy is a short walk from the two model homes you'll tour); but also to a commuter location that works as well for reaching the U.S. 36 IT corridor at Interlocken (10 minutes flat by 470) as it does to DIA (20 minutes!). Just east of KB Homes' neighborhood you can see where future plans for the larger North Park community, centered around a CU medical research campus, are taking shape - with shops and dining included.
You can tour the models - showing the standard garage, a private fenced side yard for outdoor living, and an option for a full basement (all but two buyers who have signed on since these models opened late last fall are going for that - around $20,000 extra).
That ready-to-go homes include a Willow plan, like the model home, three bedrooms plus a loft, nicely appointed with low-maintenance laminate wood floors throughout the main level, stainless appliances, quartz counters, stainless appliances and the basement. It's $378,000.
"Buyers are comparing that kind of value to what that amount buys in smaller properties in Broomfield that will take a lot of work to fix up," says Carpenter. The value, he says, draws three kinds of buyers: Some older ones that like the look of these as a place to 'right-size' from their older houses; along with some much younger ones weighing these prices to what they see in old neighborhoods around downtown Denver. And of course, families with kids, drawn by the schools and the coming attractions (you'll see a park already under way).
These will also get KB Home's energy efficiency - a far cry from how older houses perform at this price range. To view the models, from Denver take I-25 north, past E-470, to Exit 229 for Highway 7 (Lafayette/Brighton) and turn west 1.3 mile to Sheridan Parkway. Turn south half mile to Pebble Creek Parkway, and then west a block to a right turn before the school.
WHERE: Villas at North Park by KB Home, Energy Star 3 certified paired homes; 2 furnished models; all with attached 2-car garage; full basement option, 3 homes available for move-in soon. 2366 W. 165th Pl., Broomfield; from Denver take I-25 north, past E-470, to Exit 229, Hwy 7/Lafayette/Brighton; turn west 1.3 mi. to Sheridan Pkwy; turn south half mile to Pebble Creek Pkwy, turn right just before the school.
Resource: http://www.denverpost.com
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