Real Estate 01/06/18

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RealEstate

INSIDE: HOME & GARDEN

Saturday, January 6, 2018

FEATURE:

From left: Eric Thompson, President of Windermere Real Estate Colorado; Matthew Gardner, Windermere Real Estate Chief Economist

Windermere Real Estate to shed light on baffling interest rates at annual forecast event NEWSWIRE

Windermere Real Estate will host its 2018 Annual Forecast Event on January 18 at the Fort Collins Marriott. Starting at 5:30 p.m. and free to the public, Windermere’s Chief Economist, Matthew Gardner, and Windermere Colorado President, Eric Thompson, will navigate attendees through Colorado’s Real Estate Environment.

Gardner, responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level, will be flown in from Seattle to present at both the Denver and Fort Collins forecast events. With more than 50 years of combined professional experience, Gardner and Thompson plan to shed CONTINUED ON PAGE 2

2018 Windermere Annual Forecast Event to take place January 18 in Northern Colorado

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WONDERFUL 3 BEDROOM KISSING CAMELS PATIO HOME

6357 Kearsagrge | $352,000 Neighborhood: Fountain Directions: From I-25 Continue to Fountain to Mesa Ridge Prkwy, take Marksheffel Rd. to Kearsarge Dr. Agent/Company: Joyce Heffner–Williams, 719-685-8140, Keller Williams Client Choice

4 Bed 3 Bath 3400 Sqft., Landscaped – well maintained – loft – outside master – washer/dryer on upper level.

2585 Stagsleap Point | $624,900 Neighborhood: Kissing Camels – The Courtyard By Appointment Only Agent/Company: Kevin Patterson, 719.575.1200, The Patterson Group

Great 3 bedroom, 3 bath patio home with 2-car garage and ability to live on the main level. Living room includes gas fireplace, built-ins and walkout to private backyard with mountain views. The kitchen features hardwood floors, built-in oven, separate cooktop and breakfast nook. Also on the main level are two bedrooms, the spacious master suite with 5-piece bath and a second bedroom perfect for an office. The lower level includes the third bedroom, an additional bath, family room and great storage. HOA amenities include exterior maintenance, insurance, lawn, snow and trash removal.

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RE 2 ❘ THE GAZETTE ❘ SATURDAY, JANUARY 6, 2018

FEATURE: CONTINUED FROM PAGE 1

light on interest rates, the boom in multi-family homes, the “10-year rhythm” which looks as if a housing bubble truly exists and more. “Interest rates continue to baffle forecasters,” Gardner said in a preview of his presentation. “The anticipated rise that many of us have been predicting for several years has yet to materialize. As it stands, my forecast for 2018 is for interest rates to rise

modestly to an average of 4.4 percent for a conventional 30-year fixed rate mortgage — still remarkably low when compared to historical averages.” Alongside Gardner, Thompson will address the nation’s impact on the housing market specific to Colorado as well as key trends in Northern Colorado and Metro Denver such as new homes, best-selling neighborhoods and additional interest rate predictions.

“Our goal for the Windermere Annual Forecast Event is to keep the community involved and knowledgeable about today’s real estate market. Our vision at Windermere is to transform the customer experience and create a ‘frictionless’ transaction for them. That starts at our Annual Forecast Event,” said Thompson. The Northern Colorado Forecast Event will be held at the Fort Collins

Marriott, 350 E. Horsetooth Road, followed by a reception at Windermere Fort Collins, 400 E. Horsetooth. The Forecast is free to the public and attendees are asked to RSVP at www. windermereforecast.com. With the leadership of Eric Thompson, President of Windermere Colorado, Windermere landed in Colorado in 2014 by focusing on three basic principles: hire the best

people, give them the best tools and create thriving communities. For more information visit www. windermerecolorado.com. Windermere Real Estate is the leading residential real estate network in the Western US with more than 300 offices and 6,000 associates dedicated to the improving life in the neighborhoods they serve. For more information visit www. windermere.com. 

THE PLATINUM GROUP, REALTORS EXPERT CORNER

8 tips to help you avoid problems when buying new construction COURTESY OF THE PLATINUM GROUP REALTORS

Buying a newly built home offers some exciting choices that are not typically available when purchasing an existing home, such as the ability to choose the cabinetry, flooring and even the floor plan you want. But it’s important not to get so caught up in your excitement that you forget to focus on some key pieces of the process.

1. USE A REALTOR Because the seller usually pays the commission, it doesn’t cost the buyer anything to be represented by a Realtor. It’s important to have an agent who will represent you and your needs. This agent will be helping you with everything from advising you on how to structure your offer so that the builder will bite to making decisions that will affect resale value. Make sure that there’s no conflict of interest — get your own agent.

2. MAKE LOCATION A PRIORITY Start researching the online listings for new home construction in the developments you are interested in. Visit the communities and walk around, you may even talk to current homeowners.

Look into home owner’s association fees, zoning laws, schools, and future development plans for the area.

3. CHECK OUT THE BUILDER Many home builders have been in the business for years and produce a quality product. However, a few do not. Check review sites, state licensing boards and the local court records to see whether the builder you’re considering has run into any trouble, including lawsuits, complaints with licensing agencies and disciplinary actions by state and local agencies. This is also a good time to talk to previous customers.

4. CHOOSE SQUARE FOOTAGE AND LOCATION OVER UPGRADES You can never change your home’s location, but you can upgrade items anytime. If you’re choosing between a fourth bedroom and granite countertops, for instance, it’s a good idea to go with the extra bedroom, (it would be very expensive to add later).

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5. DON’T OVER IMPROVE Selecting a house-size and options that are comparable to your neighbors is another sensible plan. It’s never wise to price yourself out of the neighborhood with extras that no one else has. When it comes time to sell, unloading the priciest home on the block will be a challenge. The mismatch between your home and the surrounding homes tends to lead most buyers away from it.

6. CHECK OUT WARRANTIES Many home warranties are backed by the builder, while others are purchased by the builder from an independent company that assumes responsibility for certain claims. Sometimes home owners will purchase additional coverage on their own to supplement the coverage their builder provides. Before signing on the dotted line, make sure you’re aware what is and isn’t covered as well as the process required to get something fixed.

7. GET A HOME INSPECTION Nobody thinks a newly built home needs an inspection. But getting an independent inspection before closing is never a bad idea, and you should think about being present, so you can learn more

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8. DON’T AUTOMATICALLY USE THE BUILDER’S LENDER Builders usually prefer their own lender because the builder will be kept fully informed of your personal progress, but a builder’s lender might not offer you the best deal. Carefully consider alternate sources such as your own bank or credit union, or your Realtor can likely refer you to a list of lenders. Consult with a Platinum Group Realtor before you start shopping. Because they are Colorado Springs’ number one independent real estate firm, their guidance is an advantage throughout the new construction home buying process in many ways. In order to get the best deals on upgrades and customizations you’ll need an experienced agent by your side throughout the process to negotiate. In the big picture, you will save money working with a Platinum Group Realtors. For a no-obligation consultation about buying or selling call today: 719536-4444 or visit PlatinumHomesSales.com. 

Featured Home of the Week 9898 Golf Crest Dr | $384,914

Neighborhood: Stonebridge at Meridian Ranch Driving Directions: From Powers Blvd & Woodmen, head East on Woodmen, left/north on Meridian Road, right/east on Londonderry. Enter Stonebridge at Meridian – left/south at Stone Valley Dr which turns into Golf Crest Dr. Right on Gulf Crest Dr, right on Stonemont Dr. Model homes on left. Agent/Company: Lenka Martin, (719)205-5248 For more info: Lenka@LenkaMartin.com 4 bdrms/3baths/2 car garage/ 3460 total sq f/ 3254 finished Ranch plan with finished basement, south facing lot with mountain views, adjacent to Antler’s Golf Course. Main level living at it’s best! Two bedrooms, two bathrooms on the main level. Two bedrooms, bathroom, rec room w/game area and finished wet bar area in the basement. Chef kitchen w/gas appliances and double ovens, designer cabinets, large island with granite countertops, pantry, & hardwood floors. Open floor plan – kitchen connect with dining area that flows into great room and gives plenty of room for entertaining. Master Suite w/coffered ceiling, 5pc bath, and walk-in closet. Additional features include: AC prep, covered patio, 90% energy efficient furnace, concrete area wells, fireplace, 8’doors, and so much more. This home is part of established Meridian Ranch community with many amenities. 1 year membership to Antler Creek Golf Course for two included! READY NOW. Brand new energy efficient home.

Featured Open House Great Value in D12 250 Mayfield Lane | $799,000

Hours: Saturday 01/06/18 1:00 to 3:00 pm Neighborhood: Broadmoor Northstar Driving Directions: Lake Avenue west to Old Broadmoor Road; go south to Sequoyah turn left and then another left onto Sierra Vista; then right onto El Encanto and right onto Mayfield Lane. Agent/Company: Bianca Taylor, 719-229-6488 ERA Shields

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719.284.7961 | www.CenturyCommunities.com/Gazette *Price, plans and terms are effective on the date of publication and subject to change without notice. Depictions of homes or other features are conceptual. Decorative items and other items shown may be decorator suggestions that are not included in the purchase price and availability may vary. Persons in photos do not reflect racial preference and housing is open to all without regard to race, color, religion, sex, handicap, familial status, or national origin. Financing provided by Inspire Home Loans, Inc. NMLS# 1564276 Regulated by the Colorado Division of Real Estate. To contact Inspire Home Loans, call 720.386.2564. ©12/2017 Century Communities

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about the home. An independent inspection is a chance for construction errors to be addressed before they become major problems. It doesn’t matter how thorough the municipal inspector is; mistakes are still missed.

1/4/2018 4:35:18 PM

Spacious ranch on private street/cul de sac in the Broadmoor. This hidden treasure is on a private ½ acre lot: walk to the elementary school; bike to restaurants; Broadmoor and Cheyenne Canyon. Lovely main level living with hardwood flooring & large deck. Separate wing on the lower level. 2 kitchens; 2 family rooms; 2 living rooms; 4 fireplaces; 2 laundry areas; amazing value on the “flats” in the Broadmoor. Close to D12 schools & private schools. 7 bedrooms, 6 baths, 3 car garage 7066 square feet.


SATURDAY, JANUARY 6, 2018 â?˜ THE GAZETTE â?˜ RE 3

Kevin Patterson Achieved Over $50 Million in 2017 Residential Sales!

SOLD

1646 Rockview Trail (Lot) Represented Seller & Buyer

SOLD

3660 Camels View (Lot) Represented the Seller

SOLD

3830 Camels Ridge Lane Represented the Seller

SOLD

SOLD

1970 Hill Lane (Lot) Represented the Seller

SOLD

5204 Kissing Camels Dr, A2 Represented the Seller

SOLD

5210 Kissing Camels Dr, E4 Represented Seller & Buyer

SOLD

5955 Ridge Brook Lane Represented the Seller

668 La Bourgade Point Represented the Seller

SOLD

SOLD

2973 Catherdral Park View Represented the Seller

SOLD

3720 Cumulus View Represented the Seller

SOLD

5050 Lyda Lane Represented the Seller

1650 Hill Circle Represented the Seller

SOLD

1910 La Bellezza Grove Represented Seller & Buyer

SOLD

1780 Cornerstone Drive Represented the Buyer

SOLD

1679 Rockview Trail (Lot) Represented the Seller

SOLD

5204 Kissing Camels Dr, A7 Represented Seller & Buyer

SOLD

5308 Kissing Camels Dr, G3 Represented the Seller

SOLD

108 Miramar Drive Represented the Seller

SOLD

1663 Rockview Trail (Lot) Represented Seller & Buyer

SOLD

5202 Kissing Camels Dr, C7 Represented the Seller

SOLD

5306 Kissing Camels Dr, H4 Represented the Seller

SOLD

3050 Valleybrook Lane Represented Seller & Buyer

SOLD

SOLD

15728 Cala Rojo Drive Represented the Seller

2521 Chilson Lane Represented the Buyer

SOLD

SOLD

3640 Camels Ridge Lane Represented Seller & Buyer

SOLD

5895 Gladstone Street Represented Seller & Buyer

3820 Alta Mesa Court Represented the Seller

SOLD

6335 Wilson Road Represented Seller & Buyer

SOLD

3740 Camel Grove (Lot) Represented Seller & Buyer

SOLD

5202 Kissing Camels Dr, C3 Represented Seller & Buyer

SOLD

261 Summit Eagle Pt #102 Represented the Seller

SOLD

3530 Camels Ridge Lane Represented the Seller

SOLD

2865 Rossmere Street Represented the Seller

SOLD

16482 Mountain Mist Drive Represented the Buyer

SOLD

1445 Smoochers Circle Represented the Seller

SOLD

26 Pourtales Road (Lot) Represented Seller & Buyer

SOLD

5210 Kissing Camels Dr, E3 Represented the Seller

SOLD

3810 Camels Ridge Lane Represented Seller & Buyer

SOLD

7420 Winding Oaks Drive Represented the Seller

SOLD

15 Polo Pony Drive Represented Seller & Buyer

SOLD

9736 Summit Ash Court Represented the Seller

SOLD

1975 Sunnybrook Circle Represented the Seller

Example of The Vista Plan Actual Construction May Vary

SOLD

3826 Hill Circle Represented Seller & Buyer

SOLD

3430 Kissing Camels Drive Represented the Seller

SOLD

1430 N. Cascade Avenue Represented the Seller

SOLD

8425 Terrapin Trail Represented the Seller

SOLD

3440 Signature Golf Point Represented Seller & Buyer

SOLD

5039 Stonehill Road Represented the Seller

SOLD

SOLD

1663 Rockview Trail (Home) Represented Seller & Buyer

5031 Lyda Lane Represented the Seller

SOLD

SOLD

524 Silver Oak Drive Represented the Buyer

SOLD

4215 Reserve Point Represented the Seller

SOLD

SOLD

1615 Rockview Trail Represented Seller & Buyer

SOLD

3786 Hill Circle Represented Seller & Buyer

58 W Cheyenne Mountain Blvd Represented the Buyer

3865 Camels View Represented Seller & Buyer

SOLD

SOLD

SOLD

SOLD

3650 Camels View Represented the Seller

3655 Camel Grove Represented the Seller

3775 Hill Circle Represented the Seller

A Heartfelt Thank You to our great team at The Patterson Group, the Buyers, the Sellers, vendor partners and the cooperating agents who were part of these transactions.

Best Wishes for a Successful 2018.

Kevin Patterson

Source: Pikes Peak Multiple Listing Service, Report of MLS Sales Data of Sold Properties and Individual Sales Data.

3540 Hill Circle Represented the Seller


RE 4 ❘ THE GAZETTE ❘ SATURDAY, JANUARY 6, 2018

5 first-time homebuyer mistakes to avoid BY POLYANA DA COSTA, TRIBUNE NEWS SERVICE

Thinking about buying your first home? Before you can unlock the door to homeownership, you have to take some important first steps. From finding the perfect location to financing your purchase, shopping for your first home has challenges that go beyond curb appeal and interior features. Some of the important steps to homeownership include: • Getting approved for a mortgage. • Choosing the right real estate agent. • Finding the right home that fits your budget. Here are five common mistakes first-time homebuyers should avoid.

but they don’t realize there’s much more to it,” he said. Know you can afford a house payment? Start shopping today for a mortgage. Property insurance, taxes, homeowners association dues, maintenance, and higher electric and water bills are some of the costs that first-time homebuyers tend to overlook when shopping for a place. “Keep in mind property taxes and insurance have a tendency of going up every year,” Castellanos said. “Even if you can afford it now, ask yourself if you’ll be able to afford the increased costs later.”

1. MORE TO IT THAN MORTGAGE PAYMENTS Many first-time homebuyers decide to buy when they feel ready for a mortgage. But just because they can afford the mortgage payment doesn’t mean they can afford to own a home, said New York attorney Rafael Castellanos, president of Expert Title Insurance. “They have an idea of what their mortgage payment RD. is going to be, DIVIDE PALMER

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2. LOOKING FOR A HOME FIRST AND A LOAN LATER Homebuying doesn’t begin with home searching. It begins with a mortgage prequalification — unless you’re lucky to have enough money to pay cash for your first house. Often, first-time homebuyers “are afraid to get prequalified,” said Steve Anderson, a broker and owner at Re/Max Benchmark Realty in Las Vegas. They fear the lender may tell them they don’t qualify for a

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3. NOT GETTING PROFESSIONAL HELP New to the homebuying game? You’ll need a reputable real estate agent, a good loan officer or broker, and perhaps a lawyer. Venturing into this process alone, without professional help, is not a good idea. While every rule has its exception, generally, first-time homebuyers should not try to deal directly with the listing agent, Anderson said. “If you are getting divorced, are you going to go to your husband’s attorney for help? Of course not,” he said. “Same here. If you go to a listing agent, they are only going to show you their listings. You must find a buyer’s agent to help you.” If you hire an agent without a referral from friends or family, ask the agent to provide references from previous buyers. The same goes for loan officers or mortgage brokers. “It’s very hard for first-time homebuyers because they don’t know who they are dealing with,” Anderson said. It’s crucial to find a professional who will give you “truly independent advice,” Conarchy said. Sometimes that means hiring a lawyer.

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mortgage or they qualify for a loan smaller than expected. “So they pick a price range out of the sky and say, ‘Let’s go look for a house,’” Anderson said. And that’s not how it should be done. Yes, it’s more fun to go look at houses than to sit in a lender’s office where you have to expose your financial situation. But that’s a backward approach, said Ed Conarchy, a mortgage planner and investment adviser at Cherry Creek Mortgage in Gurnee, Ill. “You get preapproved, and then you find a home,” he said. “That way, you’ll make a financial decision versus an emotional decision.”

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4. USING UP SAVINGS ON THE DOWN PAYMENT Spending all or most of their savings on the down payment and closing costs is one of the biggest mistakes first-time homebuyers make, Conarchy said. “Some people scrape all their money together to make the 20 percent down payment so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” he said. Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. That’s usually translated into substantial savings on the monthly mortgage payment. But it’s not worth the risk of living on the edge, Conarchy said. “I’d take paying for mortgage insurance any day over not having money for rainy days,” he said. “Everyone — especially homeowners — needs to have a rainy-day fund.” 5. GETTING NEW LOANS BEFORE THE DEAL IS CLOSED You have prequalified for a loan. You found the house you wanted. The contract is signed and the closing is in 30 days. Don’t celebrate by financing another big purchase. Lenders pull credit reports before the closing to make sure the borrower’s financial situation has not changed since the loan was approved. Any new loans on your credit report can jeopardize the closing. Buyers, especially first-timers, often learn this lesson the hard way. “They sign the contract and they want to go buy new furniture for the house or a new car,” Anderson said. “I remember one case where, just before closing, the buyer drove to the office and said, ‘Look at my brand-new car.’ I told them, ‘You’d better go back to that dealership.’” Luckily, the dealership agreed to wait a couple of days to report the loan to the credit bureaus, he said. Otherwise, it could have killed the deal. 


SATURDAY, JANUARY 6, 2018 ❘ THE GAZETTE ❘ RE 5

2017


RE 6 ❘ THE GAZETTE ❘ SATURDAY, JANUARY 6, 2018

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7246 Indian River Dr. Great upgraded ranch design with vaulted ceilings in great room + dining. Large kitchen w/tile tops, large pantry, tile flooring. Main lvl study/office or could be additional bedroom, master suite w/jetted tub in 5 piece bath, finished bsmt w/large rec room set up for home theater. Wet bar, 2 additional bedrooms, sharp! Randy Reynolds (719) 499-5833

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2709 La Strada Grande Heights | Free-standing townhome in the private, maintenance-free, beautifully maintained community. One of only 35 highly- soughtafter & rarely available homes. Open & bright floor plan featuring 10’ coffered ceilings, Pella windows, new hrdwd flrs in the living & dining areas & a totally remodeled kitchen using only the very finest finishes & craftmanship. Keith Hays (719) 492-1751

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Ft Carson. Great Gazebo for Colorado Cook Outs or Just Sitting. Main Level Living-3 beds, 2 Full Baths, Large 2 Car Garage. Over 1600 Square Feet All the right moves... Bob Longgrear (719) 232-9278

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2970 Cedar Heights | Outstanding custom ranch design w/unsurpassed views of city + Pikes Peak. Very open + flowing floor plan w/wall of windows in great room, hearth room off gourmet kitchen, 5BD, 8BA, 5FPs, wine cellar, sauna, elevator, rear deck runs the length of home, 2 home offices + much more! Check pictures at: RandyReynolds.com Randy Reynolds (719) 499-5833

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5845 Northwind Dr. | You’ll love the fresh updates & spacious floor plan, including a stunning eat-in kitchen w/stainless appl & granite counters. Immaculate 3 bedrm, 3 bath home in sought-after area near trails, open space, schools, & shopping. Family room w/ fireplace + living/dining area. Owner’s retreat w/5 pc bath. Fenced yard. Wow! Sylvia Jennings (719) 491-1116

$1,025,000 - Broadmoor Hills

360 Childe Dr. Perched on an acre lot w/panoramic views of golf course, mountains & city. Formal & informal living. Gourmet kitchen w/cherry floors, alder cabinetry & slab granite counters. Master w/ sitting area, fireplace & 5-piece bath. Wrap-around Trex deck. Walkout lower. Heated driveway. Becky Gloriod Partners (719) 822-0636

1614 Nellie Ln. Enjoy living in one of the city’s favorite neighborhoods and collect rent, too! Newer 4 bed/3 bath rancher has upgrades galore PLUS basement apartment w/private entry. Rare duplex is near Old Colorado City shops & miles of trails connecting to the mountains and downtown. Wow! Sylvia Jennings (719) 491-1116

35 Upland Rd. | Luxurious hilltop retreat overlooking the Broadmoor Hotel. 3 large bedrooms, 4 bathrooms. Large dramatic entry with skylights and travertine floors. This home design can be traditional, contemporary, or southwest. 1.33 acre lot, partially fenced. Plantation shutters throughout. The home has an elevator for those who cannot use steps. Kris Frank (719) 351-0819

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$1,350,000 - Pikes Peak Mountain Estates

4145 Omer Rd. | 11,708sqft w/main level living. Pecan floors, walnut beams, real stone accents, gym, spa, sauna, library & wine cellar. Chapel w/a peaked beamed ceiling & a wall of glass. 6 Adorable turnkey cabins. 4,200sqft lodge/Events center w/ commercial kitchen, fireplace & attached apartment. 2 equip garages. Barn. 9 spring fed ponds, 3 wells & a creek! Becky Gloriod Partners (719) 822-0636

5010 Chipita Pines Dr. | Breathtaking home on 2.5 acres in gated community. Lush setting & mountain views. Main level living. Heated marble floors & hand scraped wood floors thru-out. Gourmet kitchen w/La Cornue stove & Viking oven. Stunning great room. 2 deluxe wet bars. Wine & Exercise rooms. Fully equipped theater. All beds w/private baths. Becky Gloriod Partners (719) 822-0636

$198,000 - Cedar Heights

3160 Black Canyon Rd. | 1.14 acres * corner lot in private, custom home community w/beautiful views of the city & mountains * 24 hr security & manned gate * only 10 minutes West from downtown Colorado Springs * just outside of Garden of the Gods & very close to attractions of Old Colorado City & Manitou Springs * level to gently sloping land * over 300 acres of open space w/hiking trails Dana Smith (719) 502-9217

$665,000 - Broadmoor Spires

590 Paisley Dr. Treed setting w/privacy, seasonal stream & views. Main level master w/large tiled bath. Main level office. Great room w/gas fireplace & a wall of glass. Upscale kitchen w/gas cooktop & big center isle w/slab granite. Upper level w/2 bedrooms & loft. Walkout lower features a rec room w/fireplace. Plus an $8,000 carpet allowance! Becky Gloriod Partners (719) 822-0636

THE CHOICE IS CLEAR FOR REPEAT HOME SELLERS The network was honored in J.D. Power’s 2017 Home Buyer/Seller Satisfaction Study for “Highest Overall Satisfaction for Repeat Home Sellers Among National Full Service Real Estate Firms.” Berkshire Hathaway HomeServices received the highest numerical score among 5 real estate companies for repeat home sellers in the J.D. Power 2017 Home Buyer/Seller Satisfaction Study, based on 5,117 total responses, measuring the perceptions and experiences of customers who bought and/or sold a home between March-April 2017. Your experience may vary. Visit jdpower.com

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