Real Estate 04/15/17

RealEstate

INSIDE: HOME & GARDEN

Saturday, April 15, 2017

Photos courtesy of Saddletree Homes SPONSORED FEATURE

SPOTLIGHT: THE FARM

New phase in The Farm is now selling, with phenomenal views, unique lots and exciting architectural options

BY GINA CRONIN  GINA.CRONIN@GAZETTE.COM

Residents of The Farm — a master planned community in Academy School District 20 — enjoy enchanting views blended into a down-to-earth, quiet lifestyle with unlimited opportunities right outside their front door. Set against the backdrop of stunning Front Range, families are able to get away from every day hustle and bustle, and find time for

biking, swimming and fishing, without ever leaving the community. Homes are priced from the upper $300’s to $1 million plus.

The next phase of Farm Filing Two is now paved and selling, and consists of 43 single-family lots.

Builders include Saddletree Homes, Vantage Homes and Goetzmann Custom Homes. “Saddletree

Brookstone Homes: BrookstoneColorado.com, 719-494-5113 Keller Homes: KellerHomes.com, 719-388-2322 Vantage Homes: Vhco.com, 719-597-6373 Goetzmann Custom Homes: GoetzmannHomes.com, 719-548-1338 Saddletree Homes: SaddletreeHomes.com, 719-593-1400 Adamo Homes: AdamoHomes.com, 720-320-4959

CONTINUED ON PAGE 2

FEATURED HOME OF THE WEEK

FEATURED HOME OF THE WEEK

CUSTOM HOME AVAILABLE NOW IN BLACK FOREST

ONE LEVEL LIVING IN KISSING CAMELS!

12435 Oregon Wagon Trail | $439,900

Neighborhood: The Trails Directions: North on US-24 E, left on E Woodmen Rd., right on Meridian Rd., right on Latigo Blvd., right on Oregon Wagon Trail.

Contact: James Stiltner, 719-964-3526 jimstiltner@msn.com

This brand new, beautiful 4 bedroom, 4 bath, 3 car ranch-style home has everything you want — including open-concept, main level living, acreage and a gorgeous view! The front entry is vaulted and spacious, with warm hardwood flooring which extends throughout the main living space. The kitchen includes granite counters, birch cabinetry, travertine tile brick-set backsplash, large pantry and stainless steel appliances. The dining room walks out to the deck. MasterBilt.com

3150 Sunnybrook Lane | $650,000 Neighborhood: Kissing Camels

By Appointment Only Agent / Company: Kevin Patterson, 719.575.1200 The Patterson Group

This one level rancher includes 3 bedrooms, office/study, 4 baths, 2-car garage plus tons of storage. Throughout most of the main level you will find hardwood floors and crown molding. The living room also features a fireplace and walkout to the wonderful sunroom.

The updated kitchen features granite countertops, tile flooring, and stainless appliances to include double oven and gas cooktop. The master features two private baths and walkout. The .61 acre lot offers a beautiful lawn, mature trees, fenced backyard, brick patio and mountain views. Please call today and ask about special incentive!

Denver

Spectacular by Nature.

Custom Homes & Homesites (719) 649-0605 Classic Homes From the upper $300s (719) 481-9828

Where Tranquil Shores Colorado Springs

Meet Mountain Views

Located South of Monument, just off Baptist Road, West of I-25

470

Castle Rock

Monument Forest Lakes Baptist Rd.

N

(map not to scale)

Colorado Springs

ForestLakesColorado.com

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The Gazette · springshouses.com

Saturday, Apr 15, 2017

SPOTLIGHT: THE FARM CONTINUED FROM PAGE 1

Homes is thrilled to break ground in Filing Two of The Farm,” says Blake Barcus of Saddletree Homes. “Being a semi-custom to custom builder we feel we now truly have a product in a master planned community that provides us with the opportunity to get creative and really make dreams come true.” Filing Two is a truly unique area and offers a different product than people have seen thus far in The Farm, with varying levels of topography and phenomenal views provided by these one-of-a-kind lots. These new lots are unique for the north side of Colorado Springs with their varying sizes and broader architectural options. The opportunities are endless with lots ranging from 7,000 to 27,000 square feet, and new elevations ranging from mountain modern to farm house.

“Saddletree Homes is excited to get creative and have fun with the new opportunities The Farm provides, and we hope our future home buyers are just as excited,” adds Blake.

Count Fleet Court, an exceptional culde-sac offering low maintenance living, also in Filing Two, is currently set to be ready in June and reservations are now open for lots 1–19! This neighborhood will feature single-family homes from Vantage Homes, but will have the added bonus of low-maintenance living — similar to a patio home community.

The area features easy living at its finest, with snow removal, lawn care maintenance, trash and recycling, and exterior water for landscaping included in the HOA. Vantage Homes will be offering six ranch plans and three twostory plans for buyers to choose from.

The Farm is also excited to present 16 custom home sites, which will debut this fall 2017. These lots are phenomenal offering impressive Front Range views, large lot size, and natural scrub oak, not to mention beautiful custom homes.

With only 16 being offered they are sure to be popular.

Photos courtesy of Saddletree Homes The community affords plentiful trails for biking, hiking and strolling, with 12 planned pocket parks along the way. Each park will feature a different amenity — be it a park bench to take in the views or play equipment for the kids.

The play equipment will have a unique twist on more common styles typically seen in other areas. For example, the giant double slide is already in, so siblings or parents and kids can go down the slide together. Most recently, a charming swing set modeled to look like a tree swing has been installed.

In addition, the extensive trail system will link to regional trails in the future.

“One of the trail segments is in and it runs along the creek and open space area. It will be really neat in the future

when the community trails connect to the regional trails as it will provide even more plentiful opportunities for walking and biking,” says Lindsey Nigon, Marketing Director of La Plata Communities.

A surplus of opportunities await at The Gathering Place, which is a beautiful four acres of land right in the heart of the community, reserved for fun and relaxation. Located on “Lake Ann,” The Gathering Place imparts a number of chances to connect with nature, family and friends. From here families can enjoy gently drifting in canoes, a peaceful moment of fishing, campfire pastimes or engaging with the community for events.

“We are progressing with plans for the community clubhouse and hope to reveal

more details later this year,” says Nigon.

“The clubhouse will be situated adjacent to the lake and will boast lovely views of the mountains as well, not to mention numerous amenities and activities.”

Families living at The Farm benefit from the highly regarded Academy District 20 schools; and The Farm has set aside 15 acres at the entrance for an elementary to be built at District 20’s discretion.

Before long, families with schoolaged children will enjoy the luxury of having a top notch school within walking distance.

Stop in to tour the model homes today. Visit TheFarmColorado.com to learn more. Or connect with one of the builders in the community. ■

2016

Saturday, Apr 15, 2017

The Gazette · springshouses.com

RE 3

Outstanding Properties N O T W KE NE AR M

KISSING CAMELS - CAMELS RIDGE

3830 Camels Ridge Lane $255,000 Great 2 bdrm townhome on leased ground, upper level master, main level bdrm, views.

KISSING CAMELS TOWNHOMES

5308 Kissing Camels Dr, G3 $275,000 One level 2 bdrm, 2 bath condo, updated baths and kitchen, fenced front yard, views.

KISSING CAMELS TOWNHOMES

5306 Kissing Camels Dr, H4 $360,000 Terrific 2 bdrm+office, 3 bath updated condo with exceptional Pikes Peak views.

KISSING CAMELS TOWNHOMES

5206 Kissing Camels Dr, B4 $380,000 Beautifully updated 2 bdrm+office, 3 bath condo with 2-car garage, open floor plan.

N O T W KE NE AR M

SALE PENDING BROADMOOR - SPRINGLAKE VILLAGE

KISSING CAMELS - THE PARK

SALE PENDING BROADMOOR

108 Miramar Drive Representing the Seller.

1520 Camel Drivers Lane $595,000 3 bdrm, 3 bath golf course townhome, 2-car + golf cart garage, fenced backyard,views.

15 Polo Pony Drive Representing the Seller

KISSING CAMELS - THE RETREAT

KISSING CAMELS - CAMELS RIDGE

PEREGRINE - LA BELLEZZA

KISSING CAMELS

3150 Sunnybrook Lane $650,000 One level living, 3 bdrms, study, hardwood floors, sunroom, fenced backyard, views.

BE T TO IL BU

1638 Rockview Trail $650,000 Built by C.R. Shea Homes, 2 bdrm+library, 2+car garage. One level living, great views.

3640 Camels Ridge Lane $655,000 4 bdrm, 5 bath golf course townhome with 3-car garage and spectacular views.

KISSING CAMELS

KISSING CAMELS - THE GREENS

4215 Reserve Point $850,000 Backs to the golf course, 4 bdrms, main level master+study, 2nd lower level master.

KISSING CAMELS

KISSING CAMELS

3836 Camelrock View $1,045,000 3910 Star Rise Point $1,025,000 Option for main level living, 6 bdrms, library, Wonderful 4 bdrm, 4 bath home, ability to enclosed courtyard, mountain views. live on one level, big views, quiet cul-de-sac

PEREGRINE

1910 La Bellezza Grove $725,000 3 bdrm, 4 bath home, main level master and study, private enclosed courtyard.

8425 Terrapin Trail Represented the Seller

N O T W KE NE AR M

N NE TIO U J LE P M O C

3740 Cumulus View $795,000 5 bdrm+study home (3 bdrms on the main), sensational kitchen, elevator, great views.

S O L D

KISSING CAMELS - THE RETREAT

1615 Rockview Trail $859,500 The Summit Plan built by C.R. Shea Homes, 3 bdrms, 4 baths, 2+car garage, views.

OLD BROADMOOR

25 Maple Avenue $1,075,000 5 bdrms (includes main level guest suite) +office, fenced backyard, mountain views.

KISSING CAMELS

1710 Coyote Point Drive $895,000 Terrific 5 bdrm, office, 4 bath home with 3-car+golf cart garage, Pikes Peak views.

UNIVERSITY PARK 5039 Stonehill Road $1,275,000 4 bdrm suites, study, 3-car garage, pool, spa, unique multi-sport gym, climbing wall.

Real Estate?

Call Kevin!

KISSING CAMELS

3515 Hill Circle $1,460,000 4 bdrm (2 on main), 5 bath golf course home, stunning views and outdoor spaces.

KISSING CAMELS

3670 Hill Circle $1,925,000 4 bdrms, main level study, 3-car garage+ room for 2 golf carts, breathtaking views.

SALE PENDING KISSING CAMELS

3540 Hill Circle Representing the Seller

See All Our Properties at www.PattersonGrp.com

19 Lago Vistas $59,900

Mountain Feel in the City! Near Palmer Park

5 Acres + Mountain Views!

Palmer Lake Townhome

5 Acres

4225 McPherson Ave $109,000

5221 Roundup Ridge Road - $129,999

106 Vale St. ~ $212,000

Kelly Young 719-337-6043

Skip Johnson 719-660-0791 Skip@SkipJohnsonGroup.com

Laurie Klipfel 719-661-5353

New Listing!

5241 Black Cloud Lp. $275,000

New Listing well located near shopping.

This rancher has 1968 sf, 3+ bed, 2 bths, finished bsmt (80%), 2 car garage, alley access, off street parking, covered entry, hardwood floors, updated kitchen, Hi efficency furnace and more! Move in condition. Well proced at $229,500. 1621 Happiness Dr. 80909 MLS#1401020

The Demos Team 719-338-8110 "Working Together to Serve You Better"

Frank Passanante 719-491-0065

Updated & upgraded 2312 sq. ft. 3 bedroom, 2 ½ bath 2-story with 1532 sq. ft. finished & unfinished walkout basement.

3-car garage. New quartz counters throughout. New high end pergo type flooring, carpeting, & tile throughout. New stainless steel appliances. New roof & fresh paint inside & out. Open & bright with surround sound in great room. No rear neighbors.

Bobbi Price, Jade Baker, Stephanie Hawthorne 719-499-9451 www.bobbiprice.com

Banning Lewis Ranch

Northgate

Templeton Heights

Old North End Mid Century Modern

Stunning S/W Home! Upgrades Throughout!

612 Tierra Verde Ct

7452 Mountain Spruce Dr - $350,000

13904 Paradise Villas Grove

3820 Stetson Ct. $425,000

1333 Culebra Ave. ~ $440,000

3840 Becket DR - $450,000

Stunning Modern Contemporary $475K

Behr and Behr Team 719-536-4359 www.behrandbehr.com

Linda Lafferty 719-955-8590 LindaLafferty.com

Beautiful home. Recently completely renovated with beautiful cabinetry, wood floors, stainless steel appliances, granite, plumbing and wiring.

Very open, light floor plan with lots of windows. Beautifully landscaped corner lot with charming picket fence and a peek at the Peak. Main level living at it's best. Lots of custom painting. New stucco and new patios in front. Private back yard and patio. Huge storage shed. Don't miss this one.

Banning Lewis Ranch home that backs to Open Space!!! Oakwood Rio Grande model with 5" plank Hickory floors, and open floorplan. Master Suite with walk in shower and attached full bath. 3 Car Garage and upgrades are everywhere in this home!

For more information, photos, and video tour: please visit MakeSpringsHome.com

Anne Marie Flynn 719-536-4312

Greg Luczak 719-271-8888

Beautifully appointed home offers main level living with designer touches throughout.

Gourmet kitchen with wrap around breakfast bar, ss appliances, granite, custom backsplash, gas cooktop & pantry. Cozy great room offers a wall of windows & gas fireplace. Master retreat provides a 5pc bathroom and WI closet. French doors lead to a secondary bedroom/office.

Gated community offers walking paths, pond & views of Pikes Peak & the Front Range.

The MacGuire Team 719-536-4321 Photos & Tours at: SeeThatHome.com

Wonderful stucco custom 4376 sq. ft. 6 bedroom, 4 bath walkout 2-story on over 1/2 acre lot with unobstructed mountain, city, & Pikes Peak views. 22 solar panels. Gar heated solar greenhouse. Gazebo with hot tub. Decorative pond & stream with multiple waterfalls. Main level master suite with 5-piece bath. Island kitchen. Wet bar.

Security & intercom systems. 2 jetted tubs.

Great floor plan for large or multi-generational families.

Bobbi Price, Jade Baker, Stephanie Hawthorne 719-499-9451 www.bobbiprice.com

Impresively updated home in Country Broadmoor. 4/3/2 w/ 2700+ sq.ft. D12 schools! Wood floors on main. Great rm w/ gas fireplace. Stylish kitchen w/ breakfast bar made of reclaimed wood, glass subway tile backsplash, granite counters, designer distressed cabinets, under mount sink, gas range & more! Lg. composite deck w/ views of the mtns! Private bkyd, perfect for entertaining!

Main lvl master w/ wood floors, walk-in closet & adjoining remodeled 4pc bath w/ ceramic tile floors, his & hers vanitites w/ granite counters, tile shower & modern lighting. Fin. garden lvl bsmt w/ new carpet, fam. rm w/ fireplace. Add'l highlights: newer furnace, central a/c, newer int/ext paint, leaf guard gutters, wrought iron stairway & more! This is a must see!

Mid Century Modern Ranch on Corner Lot in Old North End. Main Level Living. Hardwood Floors throughout. The Master Bedroom has hardwood flooring and private 3/4 bath.

Inviting family room offers a cozy gas fireplace and access to landscaped back yard with pond and fountain. Nestled on a serene corner lot with lush, mature landscaping.

FABULOUS location close to Monument Valley Park and minutes from the unique shops and restaurants of Downtown.

Susie Chambless-Hess 229-7267 sccrealtor@aol.com

U M se Pr ixe op d er ty

Sa t1 O pm pe n to 3p m

C U O N N D TR ER AC T

Stetson Hills

Incomparable Modern Contemporary Home will Take Your Breath Away* Kitchen Features Concrete Counters & Flooring, SS Convection Oven, Micro,DW, RF, Custom Island w/Gas Cook Top*Casual Dining Area w/Custom Tile Accented Wall & Bench Seating*New Maple HW Flring*The Great Rm offers a Corner Gas FP, Soaring Ceiling, Wall of Windows Captures the City & Mtn Views*MBR w/FP, Luxury Bath, 2 Person Shower*Hand Crafted Stair Railings & Fencing*2 Out Door Living Spaces, Roof Top Deck and BackYard Oasis w/Pergola & Pond* 4 BR, 4 Baths, Over Sized 2 Car Garage*Close I25, OCC, Manitou & Downtown* Virtual Tour http://tours.virtuance.com/741771

F H LY O IN RS G E!

1002 San Miguel Street ~299,000~

C O SO M O ING N

C Un on de tra r ct

Co nt U ra n ct de in r 5 da ys

Brandon Smith 955-8578 www.BuyWithBrandon.com

Willow Creek Complex in desirable Palmer Lake - Close to rock formations and hiking trails - Just minutes to in-town amenities and I -25 - Sunny living room boast windows that frame mountain views, a gas log fireplace and door access to back patio - Spacious kitchen has all appliances and eating nook - Master bedroom has vaulted ceilings and mountain views - 2nd bedroom on upper level shares full bath with master, 3rd bedroom in basement has 3/4 bath - Laundry is on the UL with W&D.

Gorgeous 5-acre parcel in quiet Longview Estates. Excellent views of Pikes Peak and Front Range. Beautifully meadowed, corner lot with paved road. Property in close proximity to District 38 schools. Zoned for horses!

RE 5

1621 Happiness Dr. - $229,500

Li Ne st w in g

Amazing 29,428 sqft lot located within the city that feels like being in the mountains- true Colorado Lifestyle living at its best! Pikes Peak & Front Range Mountain views w/ perfect lot for a walk out basement. Wonderful treed lot w/ scrub oak, plenty of pine trees and rock outcroppings.

The adjacent 1.5 acre lot is also available.

Surround yourself by natures beauty on this private, treed flag lot that will make the perfect site for your forever home-great build site.

Highest elevation lots in the neighborhood- saved the best for last.

Gorgeous front range living on this 5 acre parcel right off pavement with city water, natural gas, fiber optic cable and Colorado Mountain views in multiple directions. If it's lifestyle you are looking for, fishing in Lake Beckwith is less than 3 minutes away. National Forest hiking is right up the road. Golfing at Holly Dot golf course is under 10 minutes. Small town amenities with local grocery store, restaurants, gas station, and more are all within a 10 minute drive. Your 5 acres with all the amenities. $59,900.

Well maintained townhome in a quiet neighborhood. Spacious 3 bedroom, 3 bathroom, 2 car garage property in north side of town. Bright open living room with a cozy fireplace. Kitchen opens into dining room with a breakfast bar. Full sized finished basement with large family room and new carpet. No exterior maintenance. A must see!

SA Op T en 12 -3

~5892 Tradewind Point~

C o So mi on ng !

C So om on ing !!!

Saddleback Townhomes

The Gazette · springshouses.com

C O SO M O ING N

Saturday, Apr 15, 2017

Li Ava m il ite ab d le Ti a m e

Saturday, Apr 15, 2017

Sa Ope t2 n -4

The Gazette · springshouses.com

Ba W se alk m -O en u tL t ot

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WOODLAND PARK WITH VIEWS and UPDATES

Hunters Pointe

Peregrine

Located in the Heart of Old Colorado City.

Northgate

Spectacular Mountain & City Views!

1052 Summer Spring VIew

610 Sun Valley Drive ~ $519,900

1618 Oak Hills Drive ~ $537,000

2985 Cindercone Lane ~ $639,900

1331 W Colorado AV - $599,000

94 Coyote Willow Drive ~ 599,000

13109 Crane Canyon Loop - $650,000

Broadmoor Resort

Behr and Behr Team 719-536-4359 www.behrandbehr.com

MacGuire Team 719-536-4321 Photos & Tour @ SeeThatHome.com

P LO EA CA CE TI FU O L N!

LI NE ST W IN G !

Luxurious updates throughout this 4BR/4BA Flying Horse ranch! ML living at its finest w/2 bdrms + office w/French door entry on the main! Formal DR offers ample space to host gatherings of any size. Gourmet kitchen w/Knotty Alder Pine cabinets, granite counters, walk-in pantry, large island & sunny dining nook w/walk-out to the composite deck w/VIEWS! 2-story great room boasts a floor-to-ceiling stacked stone gas FP. Double-door entry into the ML master retreat w/5pc bath. 2nd ML bdrm has private full bath. Finished w/o basement features a FR w/FP, built-in surround sound & w/o to covered patio. Two additional bdms share a full bath. D20 schools. This is a must-see home!

Stunning rancher w 5BR, 4BA, 3CA, 3,627 SF. Spectacular views of Pikes Peak. Great room features stone fireplace and wall of windows overlooking the private, treed back yard.

Gourmet kitchen w birch cabinets, granite, top of the line appliances. Main level master retreat. Finished basement, 3 BR, 2BA. Deck & patio overlooking the beautifully landscaped yard and backing to rural acreage property with mature trees and scrub oak.

Debbie Reardon ~ 719-955-8525 13109CraneCanyon.IsThePerfectHome.com

A Pr ma op zi er ng ty !

Suzanne Holland 719-955-8515

LE VE MA L IN LI VI N G

Missy Campbell 719-963-6690

3 unit building, b uilt in 1998 w/modern construction & materials to look like a 1908 craftsman home.Wrap around front porch w/ handicap access ramp. The main level is currently setup for multiple office rooms, conference room, full kitchen, & half bath. Upper &lower units are setup as residential apartments w/ private entries. There is plenty of parking incl.

1 attached garage bay, detached garage w/ 2 separate bays, & 1 off street. The possibilities are endless with this property, see it today!

Beautiful Custom 6BR, 4BA, 3CA home at the base of Blodgett Peak with city views! Open & bright floor plan w stunning great room & formal dining - perfect for entertaining with comfortable livability. Gourmet kitchen is sure to please the most discerning chef. Luxurious master retreat. Walk-out lower level offers guest suite, media & gaming area. Quiet cul-de-sac location is tranquil mountain setting with access to open space and miles of hiking in Pike Natl Forest.

MacGuire Team 719-536-4321 Photos & Tour @ SeeThatHome.com

BU M ILD O E DE R L S

1618 Oak Hills Drive ~ $537,000 Description- Updated home tucked away in a fabulous setting. Ideally located off the street at the end of a quiet private cul-de-sac. Renovated gourmet kitchen with granite slab, custom cabinets, hardwoods, fireplace and casual eat-in dining area.

Wonderful family/great room with vaulted ceilings, dual sided fireplace and crown molding. Great new multi-level outdoor living space accessed from the kitchen, redone with composite material showcasing your views and adjacent open space. Master suite on the main level with updated bath.

L Es uxu ta ry te

Fabulous views of Pikes Peak, adjacent to a Park, situated on 1.8 acres. Four bedrooms, 3.5 baths and an oversized 4 car garage. Over 3,500 finished square feet. Updated kitchen with all the bells and whistles, extended breakfast room, some newer windows, newer carpet, large formal dining room, vaulted ceilings, open floor plan. Grand master suite with a walk out to the views and an updated 5 piece master bath. The master bath has a heated tiled floor, quartz countertop, new vanity and a large walk-in shower with a glass blocked wall. Huge deck with a sunken hot tub and entertainment area for taking in the views.

Shows beautifully.

Monument

Beautiful Tuscan Villa Influenced Home

Nestled In the Trees on 5+ Acres!

Northgate

Flying Horse

Broadmoor

17524 Colonial Park Drive ~ $839,000

4727 Bella Collina Court ~ $885,000

8825 Whispering Pine Trail ~ $850,000

14595 Roller Coaster Road ~ $1,175,000

2172 Red Edge Heights ~ $1,180,000

60 Polo Drive ~ $1,325,000

Dean Weissman 719-499-6124 www.DeanWeissman.com

Dean Weissman 719-499-6124 www.DeanWeissman.com

Sited in the tall Pines * Gorgeous Custom Rancher on private 2.5 acre lot * Open Great rm w/ high ceilings, built-ins & focal gas fireplace * Formal dining rm w/ travertine flooring * Gourmet kitchen w/ SS appliances, slab granite, island, breakfast bar & eating nook * Luxurious master suite w/ large sitting area, fireplace & newly remodeled, modern 5 piece bath * 2nd main lvl bedroom & main lvl office a plus * Lower level offers large family / rec rm w/ fireplace & step behind wet bar * Dedicated theater room, 2 additional bedrooms & 3 bathrooms finish off the lower level * Large private deck off the great room and patio off lower level, perfect for outdoor relaxation * Convenient to both Colorado Springs and Denver * This is a must see!

Dean Weissman 719-499-6124 www.DeanWeissman.com

Imagine yourself enjoying the warmth & beauty of your own Tuscan Villa. Ideally located in a peaceful setting with majestic ponderosa pines, twinkling city lights and mountain views. This home is like brand new and tastefully designed for ideal main level living. Quality high end finishes with lots of charm and character reflected in the attention to detail throughout. Wonderful outdoor living areas for relaxing or entertaining include a front courtyard, covered deck with fireplace and lovely views, and covered patio from walk out lower level. 4 BR, 4 BA, 3 Car, 5055 total square feet.

Anne Marie Flynn 719-536-4312

4BR/3BA custom ranch offers peaceful tranquility! Great room w/16' ceilings, hickory flooring, wood burning stove & walk-out to covered patio. Gourmet kitchen w/skylights, island w/gas range & counter seating & large walk-in pantry. Separate dining room. ML master w/bay window, walk-out, walk-in custom closet & spa-like bathroom. Bedroom, ¾ bath, office & laundry on ML. Family room w/wet bar & wood-burning stove, state-of-the-art exercise room, 2 bedrooms share a full bath, craft/hobby room & storage room in LL! Efficiency features include radiant floor heating, stone-coated steel roof & ICF (insulated concrete forms) from foundation to roof line w/R50 insulating factor. D20!

Debbie Reardon ~ 719-955-8525 8825WhisperingPine.IsThePerfectHome.com

Private, gated entrance winding to this spectacular Luxury Estate * Nearly 5 acres boasting spectacular Pikes Peak Views over the towering pines * Extensive stone accents on the exterior including the dramatic Porte-cochere drive thru * Entry boasts huge vaulted ceilings mirrored front to back looking straight @ Pikes Peak * Large formal living room w/ stone fplce compliments the luxurious formal dining space * Dream kitchen w/ new SS appliances & new granite * vaulted Fam Rm w/ full wall built ins & stunning stone fireplace * Dedicated exercise room, private billiard space, huge heated workshop, 4 car garage *Low maintenance stucco exterior, tile roof & high end windows make this home very efficient * Landscaped yard & more!

Builders Luxury Model * Dramatic 7 bed, 8 bath stunner w/ every amenity possible * Entertainers dream inside & out * Perfect for multi-generational living w/ 2 complete in-law/guest suites w/ dedicated living areas, dining areas, kitchenettes or coffee bars, bedroom, baths and inside/outside entrances * Upper level has two Ensuite bedrooms w/ a lofted study / media area on the landing * The staircase to the lower level is complimented by a full wall wine room that is showcased behind plated glass French Doors * Fully equipped theater w/ step down seating, overhead projector, 7 surround sound speakers & 72" screen * Gorgeous walk-behind wet bar * Private, gated area of Flying Horse Country Club Community,

Private Broadmoor Estate on a prime lot * Incredible library style great room is dramatic w/ French doors leading out to expansive decking * Family rm w/ two way fireplace & French doors to patio * Gourmet kitchen boasts granite countertops, Jennair cooktop, wall oven, built-in refrigerator, warming drawer, wine refrigerator & trash compactor * Large master suite features gas fireplace, walk-out to balcony, sitting area w/ adj 5 piece master bath w/ double vanity, dual headed shower and bidet * 4 Addt'l bedrooms up all w/ ensuite baths * Dedicated billiard room w/ pool table, media room w/ projector & audio equipment * Beautifully landscaped yard w/ in ground swimming pool * Gorgeous views, walking distance to 5 star Broadmoor Hotel * HURRY!

Anne Marie Flynn 719-536-4312

Luxurious living surrounds you in this beautifully decorated and impeccably maintained 3 bedroom, 3 bath Townhome with main level living. Spacious, light and bright ideal for entertaining. Outdoor living in this peaceful paradise with mountains, stream and trees surrounding you. Two master suites each with 5 piece bath, fantastic storage, separate dining and breakfast nook (if desired) in Great Room. Stunning updates throughout with gorgeous landscaping and covered outdoor living. Gated community with hiking trails. Extremely well cared for inside & out. $689,000.

Anne Marie Flynn 719-536-4312

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The Gazette · springshouses.com

Saturday, Apr 15, 2017

PropertyTransactions This list was obtained from the El Paso County Assessor’s Office and covers sales recorded during the period of March 6 – 12. Each listing includes the address and sales price. For more information, e-mail mark.vujcevic@gazette.com.

80106

• 13518 Halleluiah Trl $355,000

80132

• 91 Misty Creek Dr $340,000 • 1115 Woodmoor Acres Dr $383,000 • 19410 Rim Of The World Dr $385,000 • 15941 Dawson Creek Dr $397,500 • 15728 Agate Creek Dr $400,000 • 17683 Lake Overlook Ct $409,000 • 15823 Maple Hill Rd $422,000 • 15752 Paiute Cir $425,000 • 16048 Penn Central Way $531,400 • 3115 Waterfront Dr $622,200 • 18455 Appaloosa Rd $635,000 • 17255 Colonial Park Dr $670,000 • 3213 Lakefront

Dr $736,200 • 1330 Embassy Ct $829,900

80808 • 14249 Fitz Pt $223,500 • 34050 Judge Orr Rd $690,000

$296,000 • 7504 Chewy Ct $299,800 • 10727 Mcgahan Dr $304,900 • 10821 Darneal Dr $331,500

80829

• 451 Crystal Hills Blvd $385,000

80817

• 7017 Yampa River Hts $135,000 • 10567 Country Park Pt $144,900 • 410 E Ohio Ave $174,900 • 412 Crest St $180,000 • 701 Bunting Ave $183,000 • 6919 Millbrook Ln $190,000 • 624 Harvest Field Way $203,000 • 8304 Cedar Chase Dr $219,600 • 7214 Moss Bluff Ct $219,900 • 2148 Fairweather Way $255,000 • 8061 Lodi Ln $287,500 • 7227 Trione Ln

80831

• 13640 Pueblo St $217,500 • 7358 Maybeck Vw $235,000 • 12041 Eagle Crest Ct $236,000 • 15170 Ewing Ct $249,000 • 10805 Scenic Brush Dr $283,600 • 11131 Indian Echo Ter $285,000 • 9498 Beryl Dr $295,300 • 10126 Golf Crest Dr $302,000 • 9066 Copenhagen Rd $308,000 • 12257 Crystal Downs Rd $310,000 • 10379 Evening Vista Dr

Bobbi Price Team

• Past Recipient Realtor Sales Person of the Year • Platinum Legend Award Winner • Member Elite 25 • Top 1% in the Nation • Member of Peak Producers

Under $150,000

422 Highlands Dr. Cañon City • $145,000

Land

14655 Irwin Dr. Park Ridge • $39,000

Land

$150,000-$300,000

14705 Irwin Dr. Park Ridge • $51,000

Land

5444 Founders Pt. Crystal Park • $155,000

Land

1655 Aldrin Pl. Park Ridge • $59,000

Land

5185 Windgate Ct. Old Farm • $249,900

er Und act Contr

14585 Park Canyon Rd. Park Ridge • $60,000

er Und act Contr

5195 Crystal Park Rd. Crystal Park • $70.000

2007 E San Miguel St. Grand View • $274,900

er Und act Contr

2825 Villa Loma Rd. Villa Loma • $279,900

Land Sunrise Peak Rd. Crystal Park Rd. • $65,000

nder

U act 2495 St. Paul Dr. Contr Spring Creek Traditional • $299,900

$301,000-$500,000

5050 Neeper Valley Rd. Crystal Park • $70,000 Land

Land

er Und act Contr

2653 Twin Harbor Hts. Mountain Shadows • $379,900

6055 Big Horn Rd. Crystal Park • $70,000

Land

80905

• 508 Warren Ave $144,000 • 1815 S 8th St $249,500

6960 Eagle Mountain Rd. Crystal Park • $78,000 5565 Founders Pl. Crystal Park • $85,000

Land

545 Sunrise Peak Rd. Crystal Park • $85,000 565 Sunrise Peak Rd. Crystal Park • $85,000

act ontr e er C Und wnhous To

27 S. Murray Blvd.

Murray Heights • $94,000

New

er Und act Contr

3555 Walker Rd. Walden Pines • $95,000 0000 Waterfall Lp. Crystal Park • $105,000 Land 454 Palmer Tr. Crystal Park • $145,000

Land

315 Venison Creek Dr. Jackson Creek • $425,000

er Und act Contr

New tion ruc Const

er Und act Contr ted Lis JustNew er Und act Contr

9249 Kathi Creek Dr. Wolf Ranch • $439,500

14380 Park Canyon St. Park Ridge • $439,500

n

ructio

Const

14330 Park Canyon St. Park Ridge • $449,950

New tion ruc t Const ntrac o er C Und New n ructio Const

9790 Thatcher Ct. 4-Way Ranch • $483,900

Forest Rd. Manitou Springs • $95,000

Land

n 13911 Bandanero Dr. Falcon North • $406,100

ructio

Const

Land

Land 3535 Walker Rd. Walden Pines • $95,000

• 937 London Green Way $139,000 • 307 W Cheyenne Rd $150,000 • 3945 Glenhurst St $254,500 • 18 Newport Cir $335,000 • 5263 Bancroft Hts $364,600 • 325 Pine Ave $385,000 • 1325 La Veta Way $449,000 • 745 Pollux Dr $515,000

80907

• 2530 Plumtree Grv $161,500 • 3835 Catalpa Dr

80909

• 2637 E Yampa St $138,500 • 1981 N Academy Blvd $144,900 • 1615 E Platte Ave $180,000 • 2122 N Circle Dr $188,500 • 3013 Palmer Park Blvd $205,000 • 2106 Glenn Summer Rd $255,000

80910

• 3623 Bering Hts $142,000 • 3623 Bering Hts $142,000 • 2605 Granada Dr $145,000 • 2746 Stonecrop Ridge Grv $146,000 • 2038 Creekridge Pt $152,000 • 3227 Michigan Ave $180,000 • 2007 Kodiak Dr $184,000 • 3680 Dogwood Dr $195,000 • 1228 Yosemite Dr $198,000 • 1203 Royale Dr

80911

• 6925 Woodstock St $125,000 • 249 Everett Dr $160,000 • 208 Harvard Pl $175,000 • 106 Amherst St $186,000 • 7280 Woodstock St $189,900 • 90 Mcburney Blvd $195,000 • 720 Squire St $215,000 • 1035 Barnum Dr $233,000 • 1484 Terra Vista Ln $234,000 • 740 Foxwood Dr $234,000 • 521 Bickley St $235,000 • 8030 Woody Creek Dr $235,000 • 708 Raemar Dr $237,000 • 5230 Wainwright Dr $246,000 • 1135 Lindstrom Dr $248,500 • 6371 San Mateo Dr $265,000 • 6434 Dancing Moon Way $265,000 • 6076 San Mateo Dr $270,000 • 6307 Marilee Way $275,000 • 752 Seawell Dr $282,000

80915

• 6425 Zermatt Dr $180,000 • 6890 Noble St $190,000 • 1343 Sanderson Ave $219,900 • 1365 Shadberry Ct $225,000 • 6440 Pawnee Cir $242,000 • 1165 Wagon Wheel Ave $242,000 • 1945

80916

• 3380 Foxridge Dr $100,000 • 4177 Charleston Dr $110,000 • 2265 Anthony Ct $158,000 • 5373 Blair Vw $161,000 • 3403 Foxridge Dr $167,500 • 3463 Foxridge Dr $172,500 • 1240 Irving Ln $194,000 • 560 Crestline Dr $211,500 • 4330 N Wordsworth Cir $223,000

80917

• 2821 Hearthwood Ln $125,000 • 4847 Bluestem Dr $139,900 • 4241 Oro Blanco Dr $200,000 • 4640 Whimsical Dr $230,000 • 2920 Rio Vista Dr $250,000 • 2670 Sierra Dr $265,000 • 5474 Jessica Ct $275,000

80918

• 3617 Meadowland Blvd $194,000 • 4523 La Cresta Dr $196,900 • 5975 Breeze Ct $216,000 • 4830 Ranch Dr $225,000 • 5699 Butterfield Dr $234,000 • 3645 Sedgewood Way $251,000 • 2950 Cortina Dr $269,500 • 3282 Squaw Valley Dr $270,000 • 4230 Brush Ridge Dr $275,000 • 5116 Alta Loma Rd $300,000 • 6445 Nanette Way $325,000 • 6145 Castlewood Ln $339,000 • 6725 Magnum Ct $349,000 • 2306

Conservatory Pt $350,000 • 5670 Mercer Dr $442,500 • 4441 University Oaks Pl $490,000 • 4631 Cedarmere Dr $592,000

80919

• 2166 Austrian Way $193,000 • 6002 Wisteria Dr $249,000 • 6470 Pemberton Way $269,000 • 1069 Dancing Horse Dr $289,900 • 7799 Julynn Rd $299,900 • 2835 Coldwater Dr $335,000 • 5888 Via Verona Vw $362,900 • 1935 Hunters Point Ln $473,000 • 7890 Ravenstone Ct $576,000

80920

• 2662 Bannister Ct $185,000 • 8377 Dolly Madison Dr $249,000 • 2643 Zephyr Dr $268,000 • 7811 Swiftrun Rd $280,000 • 2628 Antietam Ln $300,000 • 7565 Conifer Dr $308,000 • 8385 Grand Peak Summit Vw $310,300 • 4920 Kashmire Dr $368,000 • 1642 Fuller Rd $375,000

80921

• 855 Citrine Vw $348,100 • 944 Spectrum Loop $410,000 • 1326 Morro Bay Way $422,800 • 15445 Desiree Dr $430,000 • 12696 Rockbridge Cir $472,000 • 1224 Foothills Farm Way $479,500 • 12546 Broad Oaks Dr $500,000 • 13266 Cedarville Way

$535,000

80922

• 4011 Happy Jack Dr $242,000 • 3013 Pony Tracks Dr $244,500 • 7268 Westerner Dr $253,000 • 2860 Harrisburg Way $259,500 • 5847 Moon Ridge Dr $273,000 • 5003 Sweetgrass Ln $275,000 • 3510 Richmond Dr $284,900 • 4453 Centerville Dr $286,000 • 5180 Laredo Ridge Dr $290,000 • 7145 Ashley Dr $290,000 • 4043 Ascendant Dr $299,900 • 6610 Battle Mountain Rd $299,900 • 6963 Mcewan St $299,900 • 2643 Farrier Ct $341,900

80923

• 6667 Hannah Rose Rd $200,000 • 5649 Shamrock Hts $214,000 • 6552 Pennywhistle Pt $219,100 • 6556 Pennywhistle Pt $228,900 • 5619 Celtic Cross Grv $243,000 • 5480 Balsam St $249,500 • 5004 Butterfield Dr $253,200 • 7170 Grand Prairie Dr $260,000 • 6552 Shimmering Creek Dr $280,000 • 7199 Thorn Brush Way $344,300 • 7063 Renegade Ridge Dr $388,900 • 7091 Renegade Ridge Dr $429,400

80924 • 8824 White

• • • • • • • • •

•

Prairie Vw $222,600 8818 White Prairie Vw $254,700 8830 White Prairie Vw $288,200 5818 Cumbre Vista Way $305,000 6097 Leon Young Dr $400,000 5522 Leon Young Dr $409,600 9189 Sunstone Dr $412,700 5550 Leon Young Dr $413,800 6024 Fergus Dr $511,000 9444 Roxborough Park Ct $530,000 4346 New Santa Fe Trl $531,300

80925

• 4119 Anvil Dr $222,500 • 8327 Firethorn Dr $229,900 • 9839 Silver Stirrup Dr $249,200 • 9527 Desert Lily Cir $258,000 • 4136 Harvest Moon Ter $280,000 • 7254 Dutch Loop $294,800 • 6767 Phantom Way $296,500 • 7505 Bonterra Ln $355,000 • 7385 Bonterra Ln $391,000

80927

• 7023 Whitebark Ln $269,000 • 6721 Hidden Hickory Cir $272,000 • 6738 Ironwood Tree Cir $342,000 • 8560 Crooked Branch Ln $439,000 • 8409 Crooked Branch Ln $451,800

80928

• 16355 Degroot Rd $135,000

80951

• 2251 Springside Dr $251,800 ■

Colorado Springs-area homebuilding continues to climb in the first quarter

BY RICH LADEN  RICH.LADEN@GAZETTE.COM

920 Carlson Dr. Woodstone • $399,900

1352 Sun Valley Ln. Crystal Park • $78,000

Land

• 1002 Arch St $198,500 • 3530 Camels Ridge Ln $517,500

• 7325 Pearly Heath Rd $275,000 • 7578 Chasewood Loop $282,500 • 7846 Lightwood Way $305,000 • 7971 Smokewood Dr $329,900 • 7785 Wagonwood Pl $337,700 • 8048 Codrington Pl $337,900 • 12295 Howells Rd $410,000 • 3041 Kettle Ridge Dr $425,000 • 7379 Neota Way $526,200 • 9576 Cairngorm Way $605,000 • 17374 Pond View Pl $759,600

Heatherdale Dr $250,000 • 5350 Waddell Ave $260,000

er Und act Contr

Land

Land

80904

80908

$203,000 • 2647 Winterbourne St $240,000 • 1507 Server Dr $243,600 • 1226 Antrim Loop $250,900 • 2371 St Claire Dr $255,000 • 1738 Grand Overlook St $313,500

4899 Turning Leaf Wy Stetson Hills • $244,900

1715 Aldrin Pl. Park Ridge • $59,000

Land

• 1008 E Costilla St $159,900 • 718 Sahwatch St $200,000 • 321 S Institute St $203,700 • 411 N Cedar St $305,000

$243,200 • 960 Mesa Valley Rd $280,000 • 1726 Alamo Ave $499,900

er Und act Contr

Land

Land

80903

109 transactions 80906 closed in 2016 • 833 San Bruno Pl $95,000 with a sales • 931 London volume of Green Way $125,000 $31,000,000

Bobbi Price: 719-499-9451 Jade Baker: 719-201-6749 Stephanie Hawthorne: 719-210-0480 bobbipriceteam@gmail.com www.bobbiprice.com

Land

$319,900 • 9940 Glenellen Dr $330,000 • 16835 Reata Rd $333,000 • 16078 Spencer Rd $335,000 • 13293 Park Meadows Dr $335,000 • 10519 Mt Sherman $340,000 • 10011 Mt Princeton Dr $363,500 • 12285 St Annes Rd $367,900 • 12667 Wheeler Peak Dr $390,400 • 12035 Black Hills Dr $484,900

springshouses .com

$501,000-$750,000 11010 McClelland Rd. Peyton • $525,000 er Und act1043 Greenland Forest Dr. tr n o C Monument • $575,000 er Und act3335 Angelstone Pt. tr n Co Peregrine • $825,000 230 Crystal Park Rd. Manitou Mesa • $1,250,000 Just

d

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The pace of Colorado Springs-area homebuilding rose modestly in the first quarter as a stronger economy and stillaffordable mortgage rates helped drive the market.

Single-family home permits issued to builders and individuals in El Paso County totaled 794 from January through March, a 3.5 percent increase over the same period last year, according to a Pikes Peak Regional Building Department report released Monday.

The total also is the highest for any first quarter since 1,122 permits were issued during the first three months of 2006.

At the same time, permits issued in March totaled 343, a 3 percent, year-over-year gain, the report showed.

“I think we’re seeing the culmination of a lot of, again, macroeconomic factors over a number of years that are conspiring in a good

way to keep these numbers on a nice, gradual upswing,” said Mark Long, Vanguard Homes owner and board president of the Housing and Building Association of Colorado Springs.

In recent years, the Springs-area unemployment rate has dwindled, falling to a nearly 16-year low of 3.3 percent in December. Consumer confidence also has been stronger.

Meanwhile, long-term mortgage rates have hovered just above 4 percent in recent weeks after having been well below that mark for most of 2016. Still, higher rates don’t appear to have turned off buyers.

In general, Long said, buyers who purchase a new home are trying to solve a problem — they want more space, a newer house or a different neighborhood.

As a result, he said, mortgage rates don’t necessarily attract buyers in the door. But

once there, and after they’ve started the process of purchasing a home, buyers become cost conscious and want to lock in the lowest rate possible, Long said.

Heading into the second quarter, Long said he doesn’t foresee anything that would slow the market. Rising rates might be a concern down the road, and yet, he’s not overly worried.

“The general thought process is that they won’t go up that much,” Long said.

“And the amount that they’re going up is mirroring an increase in economic might in the country, as it were — personal spending power and things like that. So it shouldn’t have (an effect).

“People’s need for housing, I would say at this point, is trumping the modest interest rate increases,” Long said. “And we would hope that little scenario continues.” ■

Saturday, Apr 15, 2017

The Gazette · springshouses.com

RE 7

THE MORTGAGE PROFESSOR:

Condo association must defend against foreclosure lawsuit

BY GARY M. SINGER  TRIBUNE NEWS SERVICE

Q:

A lender has filed a foreclosure suit against a condominium owner in our complex. The lender also has sued our association. It costs our community money to hire a lawyer, and I don’t see how our association is involved, anyway. Can we just ignore the lawsuit?

– Lilly

A:

It’s never wise to ignore any lawsuit. If you do, the court may consider all of the allegations against you to be true, potentially causing severe consequences. If you’ve ignored the lawsuit, you’ll find out about those only when it’s too late.

Your community association is being sued because it has an interest in the property that the

foreclosing lender is seeking to either minimize or eliminate. This is especially important because now that the unit owner is in foreclosure, he most likely will stop paying his association dues. You may be able to get reimbursed for your attorney’s fees in defending the lawsuit. Also, your attorney may be able to speed things up with the court.

You should speak with your lawyer

in detail about the consequences of being sued. If, for some reason, your association doesn’t already have a business arrangement with a lawyer, this would be a good time to start one.

Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from

his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation. Send him questions online at www.sunsentinel.com/askpro or follow him on Twitter @GarySingerLaw.

Featured Houses THE MORTGAGE PROFESSOR:

Multiple mortgage prices complicate shopping for the best deal

Featured Home of the Week PREPARE TO BE WOWED BY THE AMAZING OUTDOOR RETREAT! 5930 Daltry Lane | $699,000

Neighborhood: Southwest Driving Directions: West on Broadmoor Bluffs Drive to top of hill. Right turn onto Daltry Lane cul-de-sac.

Agent/Company: Colleen Meier, 719/330-1779 ERA Shields Real Estate

PREPARE TO BE WOWED by the Amazing Outdoor Retreat this home has to offer – Designed by Colorado Custom Decks – 3 season heated pavilion, glass walls, gas grill, gas fire ring, spa, granite counters, river rock/stone accents.

In addition, a super lot of ¾ acres with loads of open space. Completely remodeled custom Gourmet Kitchen. Soaring ceilings, walls of windows, on a quiet cul-de-sac. Master on the main. 3 fireplaces. Extensive wood floors. Media room in basement. 6 BR, 5 Baths, 3 CAR 4846 SQ FT.

Featured Home of the Week 5 bdrms + loft+ study/4baths /2 car garage/ 3206 total sq ft/ 3180 finished sq ft

EN Y OP RDA U SAT

1004 Diamond Rim Dr | $359,900

Neighborhood: Greyhawk OPEN HOUSE 1-4pm SATURDAY Driving Directions: North on I-25, exit Northgate/156A, head west on Northgate Blvd, Right/South on Grey Hawk Dr, left at round about onto Spectrum Loop, then first right on Diamond Rim. Home will be on the left.

Agent/Company: Lenka Martin, (719)205-5248 Lenka@LenkaMartin.com

Beautiful home in desirable Northgate area. Two story with finished basement. Three bed, 2 bath, loft and laundry on upper level.

Two bed and bath in the basement. Main level has flex space that can be used for a formal dining or study. Low maintenance stucco exterior and xeriscaped fenced yard with covered patio. Kitchen has designer staggered cabinets, spacious pantry, kitchen island; great room with fireplace, 9’ceilings on the main level & basement, spacious master suite with 5 piece master bath and 2 closets. Additional features: air conditioning, 50 gal water heater, tiled tub/shower surrounds, plenty of windows and much more. Easy access to I-25, close to shopping and dining, minutes to Air Force Academy. $37/month HOA dues, includes trash service. D-20 school district – Da Vinci Academy and Discovery Canyon minutes away.

More Open Houses Featured Open House Dream kitchen in this Pine Creek beauty with an open, light and bright floorplan.

BY JACK GUTTENTAG  TRIBUNE NEWS SERVICE

How can a product have more than one price?

If the transaction is not consummated entirely at one time but extends into the future, there can be a price to be paid now and a price that will be paid later. This is the case with mortgages. The price paid now is lender fees including “points,” while the price paid later is the interest rate.

This set up is what makes mortgages more difficult to shop for than, say, a one-price purchase like a new sofa.

Here is an example of how dual prices complicate shopping. The two quotes below apply to a 30-year fixed-rate mortgage. Which of them is the better deal for the borrower?

In quote A, the interest rate is four percent and the lender fee is $4,000.

In quote B, the interest rate is 4.25 percent and the lender fee is $2,000.

The correct answer is that it depends on the borrower: • If the borrower is income-constrained, meaning that she is grappling with a high ratio of monthly housing expenses to income, she will prefer quote A because it provides a lower monthly mortgage payment.

• If the borrower is cash-constrained, meaning that she is grappling with a shortfall of cash needed for down payment and other closing expenses, she will prefer quote B because it has a smaller cash requirement.

• If the borrower is neither income-constrained nor cash-constrained, she should prefer the quote that will result in the lower cost during the period that is her best guess of how long she will have the loan. Borrowers with short time horizons should prefer B, while those with long horizons should opt for A. This is a challenging decision. Few borrowers have more than a vague idea of how long they will have a mortgage, calculating the cost accurately is beyond the capacity of most, and lenders don’t help. On my website, however, a borrower can find the total cost of a mortgage over a period specified by the borrower.

When we turn to reverse mortgages, the challenge is even greater because of the greater diversity in borrower objectives. In the forward

market, borrowers use mortgages to buy houses and want to minimize the cost. That is it. In the reverse market, borrowers use mortgages to meet a variety of needs, each of which may involve a different objective or objectives.

For example, the borrower looking to supplement her income might select the reverse mortgage that provides the largest tenure payment — the monthly payment that lasts until she dies or moves out of the house permanently.

The borrower looking to acquire a reserve for contingencies might shop for the largest initial credit line, or perhaps the line after some period of non-use during which the line grows. In both cases, the borrower interested in minimizing the loss of equity by their estate might shop for the reverse mortgage that generates the lowest loan balance after some period.

Perhaps the best head-to-head comparison of a forward and a reverse mortgage is the case where both are used to purchase a house. Where the forward purchaser seeks to minimize loan costs, the reverse purchaser might have any of the following objectives: • Obtain the largest possible amount of cash at closing with a fixed-rate reverse mortgage.

• Obtain the largest possible amount of cash at closing and after 12 months with an adjustablerate reverse mortgage.

• Incur the smallest loan balance after N years with a fixed-rate reverse mortgage.

• Incur the smallest loan balance after N years with an adjustable-rate reverse mortgage.

A senior dealing with a single reverse mortgage lender might be offered different combinations of interest rate and origination fee from which they can select, but they probably will not be offered any performance measures related to their objectives. Further, selecting from among the offerings of one lender is not shopping.

The difficulties in shopping effectively for reverse mortgages provide a very strong case for multi-lender networks. Because they cover multiple lenders, such networks can offer shoppers more options from which to choose, and the performance measures that shoppers need to guide their selection. ■

4727 Bella Colina Court | $885,000 Hours: Saturday, April 15th 11 am – 2 pm Neighborhood: High Country Driving Directions: Hwy 115 to Star Ranch Road (right up to top of hill). Left on Farthing. Right on Langdale. Left on Bella Collina. House will be down on the left.

Agent/Company: Kelly Young, 719-226-0126 The Platinum Group Realtors

Imagine yourself enjoying the warmth & beauty of your own Tuscan Villa. Ideally located in a peaceful setting with majestic ponderosa pines, twinkling city lights and framed mountain views. Outdoor living areas include the gated courtyard, covered deck with fireplace and huge views, and covered patio from walk out lower level. Entering the front door you will immediately notice the quality, attention to detail and impeccably well designed home with optimal main level living. Luxury from top to bottom with hand troweled walls, high end knotty alder finish throughout, wide plank wood floors, high ceilings upstairs and down, gourmet kitchen with double ovens, granite countertops, and wine cooler. Builder upgrades, Pella windows and doors, radiant floor heat in all bathrooms, plantation shutters and extensive landscaping are just a few of the upgrades you will find. $885,000

Featured Open House JUST LISTED: 5-BEDROOM HOME IN POPULAR FAIRFAX @BRIARGATE! 7724 Scarborough Drive | $245,000 Hours: Tuesday, April 18, 2017 12-1:30 p.m.

Neighborhood: Briargate Driving Directions: Research to Scarborough, then south on Scarborough to 7724.

Agent/Company: Lori Jones, 719-592-9700 or 719-337-3955 PLACES Real Estate & Property Management

This gem is ready for you to polish and shine! Great 2-story on a spacious lot near Woodmen and Austin Bluffs Pkwy!

5 bedrooms, 3-1/2 baths, 2340 sq. ft., 2-car garage. The living room features vaulted ceilings and a gas fireplace. There is a walk-in pantry off the kitchen and a sliding glass door from the dining area to the rear patio and backyard. The master suite and two additional bedrooms are located on the upper level. The basement features a rec room, laundry area, two additional bedrooms and a 3/4 bathroom. Excellent opportunity! HUD homes are sold as-is. Equal Housing Opportunity. Visit www.hudhomestore.com or www.sageacq.com for more details. FHA Case #052-745883.

Featured Open House BEAUTIFUL CONDO WITH MOUNTAIN VIEWS 6755 Delmonico Drive #201 | $150,000 Hours: 04/15/17 12PM-3PM Neighborhood: Northwest Driving Directions: From I-25 Exit Woodmen, head West, turn North on Delmonico Dr, second turn on your right. Please park in Visitor Parking.

Agent/Company: Sigita Webb, 719-205-8091 ERA Shields

Well Maintained condo (2bed/2bath/1305 sq. feet) in the desirable Northwest area. End Unit facing Open Space with Beautiful Mountain Views. Open Floor Plan. Kitchen features Newer Stainless Appliances with Breakfast Bar. Enjoy the Gas Fireplace in the Specious Living Room with a Walk Out Patio. Master Bedroom offers Adjoining Bath with Jetted Garden Tub, Two Closets, Walk Out Patio and Pikes Peak Views. Brand New Water Heater. Security system. Large Storage Room right outside the front door. Original Owner. Priced to Sell - It Won’t Last Long

8RE

The Gazette · springshouses.com

Saturday, Apr 15, 2017

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www.majesticcustomhomes.com

Majestic custom

homes, inc

HANOVER RD.

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Saturday, Apr 15, 2017

The Gazette · springshouses.com

RE 9

We sell in every price range, and in every neighborhood.

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We also sell more homes over $1 million than anyone else in Southern Colorado.

Elevate your selling experience with the sign of success.

Downtown Office 216 N. Tejon St. (719) 635-7653

South Office 660 Southpointe Ct. (719) 576-6767

www.FindAHomeCO.com

16 Acres!

ew g N tin s Li $850,000 - Northwest

2820 Rossmere St. Main level living & finished lower level with indoor pool & sauna. This extraordinary custom home is the ideal blend of contemporary sophistication and relaxed mountain living with stunning beamed ceilings. Private location with amazing views. 6,090 sq. ft., 4 bedrooms, 5 baths, 3 car garage.

Exceptional!

Wayne Jennings (719) 491-1117

$299,900 - Manitou Springs

1096 Laguna Pt. Build your Colorado dream home on the most desirable acreage you’ll find anywhere. Home site offers jaw-dropping views of Garden Of The Gods, mountains, forested canyon and city lights below.

Outstanding location 1 mile from Downtown Manitou. The adjacent 12 acre parcel with a stunning custom home is also available.

Aerial tour https://vimeo.com/141008649 Wayne Jennings (719) 491-1117

Oversize Lot & RV Parking

$610,000 - Northeast

4799 Cedarmere Dr. What an opportunity! Custom home featuring the ideal ranch-style floor plan PLUS incredible views of Pikes Peak. This residence has it all: 5 bedrooms, 4 baths, 3 car garage with built-in cabinetry, lower level theater room and pool table area plus bar. Spacious wrap-around deck is perfect for outdoor entertaining.

Wayne Jennings (719) 491-1117

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Luxury Urban Living $950,000 - Downtown

34 W Monument St # 504 Million dollar views of Pikes Peak overlooking Monument Valley Park! And as an added bonus, a stunning 3 bed/2 bath corner penthouse goes with it. Exquisitely appointed. Sleek design.

Gourmet kitchen. Secure entry. Walk to everything. You deserve this.

Sylvia Jennings (719) 491-1116

12517 Creekhurst Location, view, value. Fantastic homesite in Northgate w/sweeping mtn views overlooking AFA. Lot has private lane and slopes front to back for walkout basement. Great community w/ walking paths and Dist #20 schools. Call Randy for more info on soils and building requirements.

Randy Reynolds (719) 499-5833

$138,500 - Countryside

10579 Country Park Pt. | Like new! 2 story with 2 bd and 1 ½ bath. Neutral colors throughout. All appliances inlcuded– dishwasher, refrigerator, builtin microwave, washer/dryer. Laundry conveniently located on upper level. Covered front porch, 2 designated parking spaces just out front door, Metcalf Park within walking distance. Close to Ft Carson, shopping and restaurants.

Debra Faricy (719) 439-5715

$595,000 - Broadmoor

540 Brandywine Dr. | Exquisite remodel. Attention to every last detail. Coveted corner lot w/side load garage and spacious yard. Stunning kitchen boasts Viking appliances, slab granite, dual sinks, custom breakfast nook, coffered ceiling, large pantry, dual planning desks and fireplace. Brand new roof and deck. 5 bdrm, 4 bath, 2 car. Must see to truly appreciate this gem.

Debra Faricy (719) 439-5715

$265,000 - Heritage

Marion Meyer (719) 238-1660

$299,900 - Cedar Heights

4315 Cavern Ridge Rd. | 1.88 acres in private, custom home community of Cedar Heights * gate located only 10 minutes west from downtown Colo Springs * gently sloping, S/W exposure home site w/spectacular, unobstructed views of Pikes Peak and Front Range* overlooking S/W of Colorado Springs * bordering open space * Colorado Springs Utilities provides all utilities * 24 hr security Dana Smith (719) 502-9217

9.99 Acres Overlooking Garden of the Gods Corridor $350,000 - Garden of the Gods Rd.

960 Elkton Dr. Beautiful elevated views of Pikes Peak and the front range, property has already been subdivided into 4 lots, zoned PIP2. Great for light industrial or warehouse.

Erika Waggaman (719) 337-7667

$2,500,000 - Broadmoor

69 W Cheyenne Mountain Blvd.

Designed for entertaining. Blocks from the hotel.

Remodeled in 2008 w/impeccable finishes & detail. Great room w/20’ ceiling. Gourmet kitchen opens to family room. Main lvl master + 2 guest suites. 5 Baths. Wide-plank hardwood & stone floors. 51’x 30’ covered patio.

Amazing setting & gardens.

Becky Gloriod Partners (719) 822-0636

$889,000 - High Forest Ranch

16122 Timber Meadow Dr. Built in 2005 on treed 3-acre lot. Cherry wood & travertine floors, peaked ceilings & crown molding. Updated kitchen w/slab granite countertops, stainless steel appliances. Kitchen opens to living room w/stone fireplace & access to large deck. A/C. Security sys.

Built-in speakers.

Becky Gloriod Partners (719) 822-0636

$699,000 - Broadmoor Spires

255 Ellsworth St. | Fabulous setting w/mountain & city views. Open floor plan w/contemporary flair & architectural interest. Stucco exterior.

Concrete tiled roof. Hardwood & tiled floors.

Wrap-around view deck. 5 Gas FPs. Vaulted ceilings. 51 Pella Windows for amazing light. Sumptuous upper level master w/ over 1100 square feet! Walkout lower.

Becky Gloriod Partners (719) 822-0636

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752 Silver Oak Grv. Elegant, sophisticated, secure home in prestigious gated community w/Broadmoor Golf Membership Option. Gourmet kitchen opens to stunning great room w/18’ ceiling, wall of glass & stone fireplace. Luxurious master. Hardwood floors. Premier outdoor living & privacy.

Becky Gloriod Partners (719) 822-0636

$587,500 - Kings Deer

1371 Montcombe Dr. | Location, value, views.

Beautiful custom 2-story design now available setting on 2.6 acres. Very open living + dining room areas opening to upper level. Gourmet kit w/ island + stainless appliances, main level fam rm, 5 bdrm 3 1/2 bath. Great theater rm, lg oversized 3-car, fully fin. bsmt. Sharp home. Easy commute to South Denver.

Randy Reynolds (719) 499-5833

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1.88 acres in gated community!

875 Ridgebury Place, Fountain, CO 80817 Relax, rejuvenate & enjoy the CO lifestyle in this affordable 3 BD/4 BA/2-Car garage home, w/ green space front & back! Turn-key ready w/ many upgrades: A/C, paint, tile flooring, vaulted ceilings, custom blinds & more! Beautifully maintained & ready to move in!

New Listing!

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Pride of ownership

Immaculate townhome.

Sylvia Jennings (719) 491-1116

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Big Spruce Heights | Quintessential Colorado.

Breathtaking views all the way to New Mexico!

Coveted and pristine community just 20 minutes from downtown Colorado Springs. A wonderful location to build your special home. Ample southern exposure, paved road, gated community, and miles of Evergreens.

Electric and phone at lot line.

Debra Faricy (719) 439-5715

3237 Viridian Point | New Kissing Camels ranch design. Country club living inside the gates w/access to golf, tennis, pool (separate membership). Open design w/12’ ceiling over great rm, large open gourmet kit w/quartz counters, rich oak flooring, walkin pantry, master, 2nd bdrm and study on main lvl, family rm w/2 add bdrms down in garden lvl bsmt. Backs to open space views+more!

Randy Reynolds (719) 499-5833

Stone Crossing $125,000 - Northgate

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Pristine - 35+ Acres

$155,000 - Turkey Canyon Ranch

New Kissing Camels Ranch Design $674,900 - Kissing Camels

$292,500 - Central

2209 Lark Dr. Magnificent mid-century modern 3 bed/2 bath split level. Move-in ready w/ open design, updated kitchen & baths, extensive hardwood, detached 2 car garage, covered patio, xeriscaping front & back, alley access + RV parking & VIEWS!

$835,000 - Stratton Preserve

1855 Cantwell Grv. | Charming home w/mtn & city views. Great room w/peaked ceiling & fireplace.

Gourmet kitchen & hearth room w/hardwood floors & fireplace. Kitchen w/ gas cooktop, double ovens & slab granite. Master bedroom plus guest room on main. Walkout lower w/9’ ceilings features a family room w/wet bar & 3 guest suites. Brick patio. Gorgeous landscaping.

Becky Gloriod Partners (719) 822-0636

www.FindAHomeCO.com

$274,900 - Old Colorado City

2411 W. Colorado Ave. #204 Fantastic loft in the heart of Old Colorado City in the historic Simpich Doll Factory building.

Quiet back unit w/ mountain views. 9’ ceilings.

Kitchen w/bamboo floors, granite counters, glass backsplash & stainless appliances. Big tiled bath. Trex deck w/pergola. New paint & carpet.

Becky Gloriod Partners (719) 822-0636

10RE

The Gazette · springshouses.com

Saturday, Apr 15, 2017

For comparison purposes, there’s no comparison. www.beckygloriod.com

345 Ellsworth St. The Spires Broadmoor 0.66 Acres $150,000 MLS #3702643 1760 Preserve Dr. Stratton Preserve 1.68 Acres $250,000 MLS #9355109

One Living Living + Pool + Views 3,257 Square Feet, 4 Bedrooms, 3 Baths, 3-Car Garage 3,257 Square feet all on the main level. Walls of glass. Views from every room. Incredible setting on .91 acre lot. Great room, guest room & master all open to courtyard w/in-ground heated swimming pool. Vaulted ceilings. 2 Fireplaces. Tiled roof. Office w/hardwood floors.

MLS #6201532

$650,000

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Custom Home on Large Private Treed Lot 5,171 Sq Ft, 4 BD, 4 BA, 3-Car Fabulous setting. Mtn & city views. Open, contemporary floor plan. Exceptional quality. Vaulted Ceilings.

Walls of glass. Hardwood & tiled floors. Wraparound view deck w/covered area. 5 gas fireplaces.

MLS#2550007 $699,000 High Forest Ranch

Stunning Home w/Main Level Living 5,714 Square Feet, 4 BD, 5 BA, Office, 5-Car Built in 2005. Treed 3-acre lot. Cherry wood & travertine flrs, peaked ceilings & crown molding.

Updated kitch w/slab granite countertops, stainless steel apps. A/C. Security sys. Built-in speakers.

MLS #8346200 $889,000

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Stratton Preserve

2683 Rockhurst Blvd.

University Park 0.63 Acres $289,000 MLS #9477267 Broadmoor Spires

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Thinking about buying or selling a home? Call us today! - 719.822.0636 Broadmoor Hills Land for Sale

Cozy English Cottage with Great Views 5,791 Square Feet, 5 Bedrooms, 5 Baths, Oversized 2-Car

Charming custom home w/mountain & city views. Great room w/peaked ceiling & fireplace.

Gourmet kitchen & hearth room w/hardwood floors & fireplace. Kitchen w/ gas cooktop, double ovens & slab granite. Master bedroom plus guest room on main. Walkout lower w/9’ ceilings features a family room w/wet bar & 3 guest suites. Brick patio. Gorgeous landscaping.

MLS #7594933 $835,000 Broadmoor Heights

Your Own Private Resort!

7,776 Square Feet, 4 Bedrooms, 6 Baths, Office, 2-Car Garage City views + a heated in-ground Swimming Pool + Main Level Living + Expansive Decks = resort living. Great room w/peaked wood ceiling & red sandstone fireplace. Master w/fireplace. Main level office. Remodeled baths. Walkout lower. Wine cellar. Sauna.

MLS# 9885574 $899,000 Broadmoor Heights

Updated Classic Contemporary with Main Level Living 7,282 Square feet, 5 Bedrooms, 5 Baths, 6-Car Clean lines & amazing style! Elevator access to all levels. 12ft ceilings on main. Extensive hardwood flooring. Floor-to-ceiling windows. 3 view decks. Master suite w/marble bath & amazing closet. Upper level suite or recreation room w/kitchen. 4 Fireplaces.

MLS #8274539

$935,000

Broadmoor Spires

Black Forest

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Ju ted s Li Authentic Adobe Home 4,673 Square Feet, 3 Bedrooms, 4 Baths, 2-Car Garage One-of-a-kind, Artisan home w/2-foot thick plaster walls, brick floors, beamed ceilings, antique light fixtures, antique hand-carved doors & 3 Kiva fireplaces made of mud & straw. Deck + 2 expansive flagstone patios w/mountain views. Fabulous kitchen & baths. Office. A must see.

MLS #3674821

$950,000

w w w.Bl ackForestPerfe c ti on.c om 7,829 SQ FT, 5 BD, 7 BA, 4-Car French country w/main lvl living & close to I-25.

Foyer w/curved staircase. Great room w/20’ ceiling & stone fireplace. Gourmet kitchen w/nook & hearth area. Alder office. Master w/fireplace & travertine bath. Expansive deck. Greenhouse.

MLS# 5007446 $1,789,000

Broadmoor Hills

Premier Setting with Inspiring Views 6,654 Square Feet, 6 Bedrooms, 6 Baths, 4-Car Acre lot w/panoramic views of Golf Courses, Mountains & City. Gourmet kitchen w/ cherry floors, alder cabinetry, slab granite counters, gas range & dbl ovens. Master w/ sitting room, fireplace & 5-piece bath. Trex deck. Walkout lower. Rec room w/wet bar. Sauna

MLS #8771371

$1,050,000

T he B ecky G loriod P artners

Jack

Becky

Dick

660 Southpointe Court #200 Colorado Springs, CO 80906