Real Estate 08/24/14

RealEstate powered by:

Sunday, August 24, 2014

ONLINE NOW: VIDEO TOURS • DOWNLOAD THE SPRINGSHOUSES.COM APP FROM THE ITUNES STORE

FACEBOOK.COM/SPRINGSHOUSES

@SPRINGSHOUSES

TEXT GAZETTEOH TO 52732

PAID ADVERTISEMENT

SPOTLIGHT: CONTEMPORARY HILLSIDE RETREAT

Custom home behind The Broadmoor

BY LESLIE MASSEY  SPRINGSHOUSES.COM

Folded into a cache of towering trees on the alluring hillside behind the Broadmoor Hotel, this custom contemporary home delivers privacy, serenity and sophistication. Redesigned and remodeled, an open and flowing floor plan is enhanced by high ceilings and an abundance of floor-to-ceiling windows displaying postcard views of the city and the mountainside.

Boasting more than 7,200 square feet, the home includes five bedrooms, five bathrooms, an office and several living spaces, with a handy Otis Elevator conveniently accessing all levels.

The home is offered for $1,135,000 by listing agent Becky Gloriod with Berkshire Hathaway Homes Services Rocky Mountain Realtors.

The over half-acre home site is heavily treed extending plenty of peace and privacy “This is our sanctuary,” said the seller. “We love the tranquility, fresh air and the neighborhood.”

A covered circular front entry with slate floor discloses a solid wood front door, flanked by glass block, opening into a substantial foyer with prominent skylight overhead. Hardwood floors

Open House: 19 Sanford Road

1:30 – 3:30 pm Sunday, August 24 Becky Gloriod, The Becky Gloriod Team Berkshire Hathaway Homes Services Rocky Mountain Realtors 719-229-9777 • www.beckygloriod.com

CONTINUED ON PAGE 3

FEATURED OPEN HOUSES OPEN TODAY 1PM-4:00PM Hosted by Kym Palomba

Totally Restored Historic Home 1404 N. Nevada Avenue

6,961 Square Feet, 5 Bedrooms, 6 Baths Award-winning historic home. This landmark mansion by architect MacLaren is completely restored to its original splendor with “new” ever ything. Incredible foyer. Quarter-sawn oak floors. New kitchen & baths. Master with private bath. Great floor plan that really works for today’s lifestyle.

Listed at $899,000

OPEN TODAY 1:30PM-3:30PM Hosted by Erin Glenn

Private Setting on 3.63 Acres 810 Lyra Dr.

6,167 Square Feet, 4 Bedrooms, 4 Baths Frank Lloyd Wright styled home w/ master + 2 guest bedrooms on main level living. Great room w/beamed ceiling, tiled floor, fireplace & walkout to view deck. Lower level has a rec room w/fireplace & wet bar, an office w/ private entrance & a guest apartment w/kitchenette. New Pella windows in 2004. Gorgeous setting w/2 ponds. Fenced.

Listed at $675,000

Jack & Becky Gloriod • 719-229-9777 • 719-785-4110 or Dick Archer •719-440-7620

Set Your Sights On Promontory Pointe Where The Height of Luxury is Affordability.

Baptist Rd. & Gleneagle Dr. | New homes from the upper $200s | www.PromontoryPointeColorado.com

2SH

The Gazette · springshouses.com

Sunday, Aug 24, 2014

THE MORTGAGE PROFESSOR:

Don’t expect much from unregulated regulators

BY JACK GUTTENTAG  THE MORTGAGE PROFESSOR

The seeds of this article were planted in my brain some 30 odd years ago, when I did a consulting project for the United State Department of Housing and Urban Development, or HUD, for which they contracted to pay me $2,500.

Three months after delivery and acceptance of my report by HUD, I realized I had not yet been paid and I contacted the person who had retained me. This elicited what I came to realize was a stock reply of an unregulated regulator: The payment was “in process.”

The same Q-and-A was repeated multiple times, and a year went by. At that point, in a fit of pique, I wrote a letter to the secretary of HUD asking why it was not possible for his agency to discharge an uncontested debt within a year. Three days later I received a check for $2,500. Two days after that I received another check for $2,500.

It never occurred to me to seek help from someone or some entity outside the agency, because then as now, HUD was an unregulated regulator.

Neither did I stop to consider whether the bureaucratic lethargy that delayed my payment might have other negative

consequences of far greater importance.

I didn’t pursue that line of thought until last week, when my colleagues and I were suddenly faced with one.

We were upgrading our reverse mortgage calculator to handle house purchases by seniors. In 2008, Congress extended the Home Equity Conversion Mortgage, or HECM, reverse mortgage program, administered

by HUD, to cover house purchases.

Thenceforth, seniors could buy a house and finance the purchase in part with a HECM reverse mortgage. The costly intervening step of buying the house with a forward mortgage and paying it off with a reverse mortgage was no longer necessary.

We assumed that lenders extending reverse mortgages to seniors buying houses would offer multiple combinations of interest rate and upfront fees. This has long been the practice on forward mortgages, and has become increasingly common on HECM reverse mortgages issued on homes already owned. Higherrate loans carry rebates from the lender that are used to pay upfront settlement charges, including title insurance and mortgage insurance.

For example, on August 14, one lender on our site offered a senior of 83 with a house worth $500,000 and a $313,000 existing mortgage balance an adjustable rate HECM at 2.529 percent and a rebate of $12,057. The rebate reduced the settlement costs on the HECM to $1,868. If the borrower expected to be out of the HECM within 5 years, this would cost the senior less in total than the lower-rate ARMs available that day on which the lender charged fees instead of paying rebates.

I was astounded, therefore, when lenders told us that HUD did not allow rebates on HECM purchase transactions! We checked all the relevant HUD documents, and nowhere did we find a statement that rebates paid by lenders were not allowed.

On the other hand, we did not find any statement explicitly authorizing rebates, either.

What we did find were strict prohibitions against any participants in the transaction, including lenders, contributing to the down payment required of the senior. We have no problems with these rules, which are designed to prevent seniors from being

charged more for houses than they are worth. We know that when home sellers pay some of the settlement costs of home buyers, sale prices end up higher. That happens because negotiations on who pays settlement costs and negotiations on the sale price occur together. They are part of the same negotiation process.

In contrast, the offering of multiple combinations of interest rate and upfront fees by lenders, and the selection of a preferred combination by the borrower, are not part of the negotiation on sale price. Offering borrowers multiple price combinations cannot affect the sale price of the house.

Evidently what happened was that HUD was not sure that rebates from lenders wouldn’t affect prices, so they left the issue ambiguous. They did not explicitly prohibit rebates, but neither did they explicitly exclude rebates from the prohibitions on other kinds of payments.

I was told that when they were asked about it by lenders several years ago, they said “we will look into it.” This is another stock reply of a regulator that knows it need not do any follow-up because it is not being monitored.

When a regulation is left ambiguous, the interpretation by the industry involved will depend on the culture of the industry. In many industries, the prevailing assumption is that what is not explicitly prohibited is permissible.

The mortgage industry, however, is so rule-driven and mortgage lenders so risk-averse that they often assume that what is not expressly authorized is prohibited.

That seems to be the case here.

We have not found any lenders willing to offer rebates on purchase HECMs. HUD has effectively shut down a potentially valuable service to seniors without explicitly prohibiting it, thus avoiding any need to justify its actions.

Unregulated regulators can get away with that.  Note: The article above was sent to HUD with an invitation to comment. No response was received.

Jack Guttentag is professor emeritus of finance at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

Insider hints for design on a budget NATIONAL ASSOCIATION OF HOME BUILDERS

Spend lazy Saturday afternoons browsing the pages of Architectural Digest or Dwell, wishing you had the budget to hire an interior designer to replicate their artistic interiors?

Well-designed rooms don’t always have to come with a huge price tag; in fact, designing on a budget may be easier than you think. Many times, by changing small elements, you can give a room an entirely new personality.

Sometimes adding a few colorful pillows or picking up a paintbrush is all you need to do to make your room look like something out of the pages of a magazine.

One of the most common fixes for a boring room is color. “Color is easy to do and inexpensive,” says Kathy

Browning, owner of Design Consultants, a design firm in Virginia Beach.

Updating the color of just one wall in any room will give it an entirely new feel. Painting, when approached correctly, can be an enjoyable experience with instant rewards.

Lauren Warnock, vice president director of design at Mary Cook Associates, an interior design firm based in Chicago, reminds home owners that warmer colors can make a room feel cozier and more inviting. Cooler colors like grey or “stark white,” on the other hand, may give a room a more industrial feeling.

“Light airy colors open up a space, while deep, darker colors can make a room appear smaller,” Warnock says.

For the style-conscious, earthy tones

such as ambers, browns, and rust are currently popular. “Using modern glamour hues such as white and black with a punch of a teal, coral or chartreuse color is very hot as well,” says Warnock.

Connie Edwards, director of design for Shenandoah Cabinetry, has her own advice when it comes to color, particularly if you are looking at the kitchen. “You can never go wrong with neutrals, but color is hot now,” Edwards says. “Not necessarily vibrant colors — although for the right space, they can be fabulous — but think along the lines of buttery yellows, soft sage greens and nearly neutral blues.”

Adding accents to pieces you already own can also make a large difference.

For instance, if your couch is not as exciting as it once was, try throwing a few fun accent pillows on it. Remember, throws and cushions, when selected as accents, can really bring new life to a tired piece of furniture. “The use of pillows, throws and draperies in living spaces enhances a room in many ways,” Warnock says. Fabrics also can add beautiful softness to a room and allow additional patterns and textures to be brought into a room.

Another budget-friendly change is to rotate the artwork in a room. Using the same frames but changing the images can easily create a new theme or mood, and combining several different frames in different finishes and sizes can achieve different looks.

Often overlooked but strikingly effective, updated lighting can work wonders. “Lighting will dramatically change the mood of a room,” Warnock says. Try installing a new fixture or simply swapping out the shades on current fixtures. Installing dimmer switches can also make for an interesting change.

Kate Brennan, vice president of new business development at Mary Cook, offers some advice for ready do-it-yourselfers. “Get excited about the transformation that will occur — usually people become more inspired to continue updating their homes.” Brennan says. “Take your project one step at a time and follow your gut.” 

Sunday, Aug 24, 2014

The Gazette · springshouses.com

SH 3

SPOTLIGHT: CONTEMPORARY HILLSIDE RETREAT CONTINUED FROM PAGE 1

progress into a spacious great room featuring both an elegant living room and formal dining room.

Along the great room, walls of glass showcase the breathtaking outdoor vistas, along with access to a large rear deck overlooking the city and hillside.

A masonry rock fireplace with rope accent lighting and built-in cabinets and shelves adds refined style, while the impressive pyramid-shaped skylight between the dining and living rooms conveys additional natural lighting and radiance.

Neighboring the dining room, a sizeable contemporary kitchen offers slab granite counters, an oversized island with butcher block countertop and a built-in desk. Stainless steel appliances include a six-burner gas range and double Viking ovens.

A significant rectangular skylight generates a brilliant ambiance.

Relaxation is easy in the private master retreat. The main-level suite delivers a gas fireplace in a warm and calming setting. Walkout to an additional deck, (which can also be accessed from the living room), presenting further spectacular views of the Colorado outdoors.

Designed for luxury, the heart of the master bath is a large jetted tub with “waterfall” faucet and large skylight

directly overhead. Dual vanities with Jado fixtures, granite tiled counter tops, and an oversized granite tile shower supplement the well-appointed space. A dressing room/walk-in closet with three double closets, a triple-door closet and a surplus of built-ins provide remarkable space and elegance.

Step downstairs to the first lowerlevel into a generous family room featuring beautiful outdoor scenery through floor-to-ceiling windows, a wealth of built-ins and eye-catching stone fireplace. Two considerable bedrooms share a full bath with two sinks and a large laundry room provides a lavish amount of storage.

An exercise area with its own fresh-air return system overlooks an appealing home office.

A second lower-level features a sun-drenched office space and a Jackand-Jill bath along with two more bedrooms. The bedroom suite features a roomy walk-in closet and direct access to the bathroom.

Able to accommodate a simple transition into a second master-suite, the fabulous upper level is comprised of a vast recreation room (or bedroom) with gas log fireplace, skirted by floorto-ceiling windows and a walk-out to sizable private deck. “This room definitely comes with the best views,”

said the seller.

Adjoining the recreation room, a spacious game room (which could be converted into an incredible walk-in closet). In addition, this level offers a

large bathroom and retro kitchenette with vintage Hotpoint electric stove and eating space.

More exceptional highlights of this home include four furnaces, three

air conditioning systems, radon mitigation, security system and central vacuum. Removing the workshop in the garage would allow ample space for up to six cars. 

US existing home sales rise for 4th straight month

BY CHRISTOPHER S. RUGABER  THE ASSOCIATED PRESS

WASHINGTON — Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

The National Association of Realtors says home sales rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million, the highest since last September.

More homeowners are selling their homes, mortgage rates remain low and home price gains have slowed this year.

That’s made home purchases more affordable.

Sales peaked in July 2013 and then fell as interest rates rose from low levels. Harsh winter weather also slowed sales earlier this year. As a result, July’s sales are still 4.3 percent lower than a year ago. They also

remain below the 5.5 million considered consistent with a healthy housing market.

Still, the rise in home sales comes after other encouraging data show that the housing market is improving.

Steady job gains and rising consumer confidence have led more Americans to purchase homes. That’s a contrast from earlier this year, when weak sales and limited homebuilding led economists to peg housing as a missing piece of the economic recovery. Federal Reserve Chair Janet Yellen recently told Congress that housing has been disappointing this year.

But new-home construction surged 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the government said Tuesday.

And applications for building permits, considered a good sign of future activity,

also showed strength in July, advancing 8.1 percent to an annual rate of 1.05 million after declining in the prior two months.

Separately, the sentiment index from the National Association of Home Builders and Wells Fargo rose in August to 55, up two points from a revised 53 for July. Readings above 50 indicate more builders view sales conditions as improving.

“For those getting a bit antsy about the state of the housing market recovery, this rounds out a trio of better-than-expected reports that point to improving activity through the early summer months,” said Robert Kavcic, an economist at BMO Capital Markets.

The Realtors report also showed that healthy sales make up an increasing share of purchases. Fewer home sales stem from foreclosures or involve homes

where the seller owed more on their mortgage than the home was worth.

Those “distressed” sales made up just 9 percent of sales in July, the lowest proportion since the Realtors began tracking the figure in October 2008.

Distressed sales, which are usually at much lower prices, made up 36 percent of sales in 2009.

The number of homes for sale rose 3.5 percent in July from June to 2.37 million, the most in nearly two years.

That gives buyers more choices and restrains price gains. The median time that homes remained on the market was 48 days, up from 42 a year ago.

First-time homebuyers made up 29 percent of sales, up slightly from the previous month and the second straight gain. Still, that’s far below the typical figure of 40 percent. Firsttime buyers are critical to fueling any

housing recovery, as they enable current homeowners seeking to buy larger homes to sell.

First-time buyers are recovering slowly from a low of 26 percent earlier this year. They are likely benefiting from strong job gains. Hiring since February has been at the healthiest pace since 2006.

Home prices are increasing at a slower clip, which should help ease affordability pressures.

Data provider CoreLogic said that prices rose 7.5 percent in June compared with 12 months earlier. That’s the smallest year-over-year gain in 20 months.

And average rates for 30-year mortgages fell to 4.12 percent from 4.14 percent, mortgage company Freddie Mac said last week. Mortgage rates are below recent peaks of about 4.5 percent at the beginning of the year. 

4SH

The Gazette · springshouses.com

Sunday, Aug 24, 2014

Featured Houses Featured Home of the Week

Featured Home of the Week

Classic Homes in The Village of Siena

MAYBE ONE OF THE BEST VIEWS IN COLORADO SPRINGS

13066 Cupcake Heights | $437,156

1206 E. High Point Ln. | $475,000

Neighborhood: Flying Horse Driving Directions: I-25 to Interquest Exit 153; East on Interquest to Flying Horse Club Dr; West on Flying Horse Club Drive to first round-about, right on Barossa Valley; Left on Sea Smoke Circle (turns into Cupcake Heights). 13066 Cupcake Heights is on the right!

Agent/Company: Classic Homes, 719-495-7297, flyinghorse@classichomes.com

Neighborhood: Highland Gardens Driving Directions: South on I-25, Take Exit 143 onto Uintah, turn right onto W. uintah St., turn right onto Mesa Rd., turn right onto Terrace Rd., turn right onto E. High Point Ln. Agent/Company: Brian Maecker, 719-593-2963, RE/MAX Advantage

Located just east of The Club at Flying Horse, the “Landau” Model Home is now available for leaseback! The home is a 3,195 sq. ft. ranch-style patio home featuring 4 bedrooms, 3 baths, and 2-car garage. It has stucco & stone exterior, covered expanded deck, and is fully landscaped with sprinkler system and all landscape maintenance is included! This spacious patio home offers a finished basement with 1’ taller ceilings, fireplace, and wet bar rough-in plumbing. All new Classic Homes in Flying Horse include Social Fitness Membership in The Club at Flying Horse!

SPECTACULAR PIKES PEAK AND MOUNTAIN VIEWS FROM THIS WALK OUT RANCHER. TONS OF TREES, PONDS, WATERFALLS ON THIS 1/3 ACRE LOT ON THE WEST SIDE. TONS OF HARDWOOD FLOORS THROUGHOUT THE MAIN LEVEL TO HUGE EAT IN KITCHEN WITH CUSTOM PAINTING THROUGHOUT. LUXURY MASTER SUITE FEATURING DUAL MASTER SHOWER, OVERSIZED 3 CAR GARAGE, NEW ROOF, HOT WATER HEATER, 2 MOSS ROCK FIREPLACES, AWESOME DECK, PATIO AND GARDENS TOO.

Featured Home of the Week

Featured Home of the Week

GREAT CORDERA HOME

Classic Homes in The Village of Verona

9513 Roxborough Park Ct. | $400,000

1908 Turnbull Drive | $646,096 - Available Now!

Neighborhood: BRI Driving Directions: Briargate Pkwy East of Powers to 2nd Grand Lawn; Right to Happy Meadows; Right to Roxborough Park.

Agent/Company: Ted Thurber, 719-593-1000, ERA Shields Real Estate

Neighborhood: Flying Horse Driving Directions: I-25 to Northgate Blvd Exit #156; East on Northgate; Right on Silverton Rd; Right on Silver Rose Dr; Left on Turnbull; 1908 Turnbull Drive is on the left corner!

Agent/Company: Classic Homes, 719-495-7297, flyinghorse@classichomes.com

Open & Bright 2 Story Home on a Garden Level Cul-de-Sac lot; 4 Bed, 3 Bath, 3-Car Tandem Garage; 2-Story Living Room; Huge Kitchen Island; Butler’s Pantry; Stucco w/Tile Roof; Master w/5-pc. Bath that inclues a seethru Fireplace.

The 4,614 Stratford Model home is a rancher located on 16,590 sq. ft. lot is fully landscaped and has stucco & stone exterior, a welcoming front porch, and an expanded 10x19 deck off the nook. It offers 5 bedrooms, 4 baths, and 3-car garage with service door. Kitchen includes large island with pendant lights, canned lighting, upgraded cabinets with undercabinet lights, upgraded granite countertops with tile backsplash, stainless steel undermount sink, and stainless steel appliances. Custom drapes and rods come with this builder model home!

And, Social Fitness Membership in The Club at Flying Horse is also included!

More Open Houses Featured Open House of the Week Beautiful NEW Country Estate Home with Quick Move-In! 12365 Black Hills Drive | $ 524,900

Neighborhood: The Estates at Meridian Ranch Agent/Company: Jene Bullock, 719-963-7983, Majestic Custom Homes Open House: August 23 & 24, 12pm-5pm Driving Directions: From Powers, take Woodmen Rd. east to Meridian Rd. Go north on Meridian to Rex Rd. and turn right, go to Mt. Gateway and turn left, then right on Black Hills Dr. Follow signs to Open House.

Will consider all reasonable offers! Enjoy main level living in this open-concept ranch plan by award winning custom builder. 4,694 sq. ft., 5 br or 4+study, 3.5 ba, oversized 1.3 ac lot, 6 car garage, and huge finished basement. Gourmet kitchen, luxurious master suite, open great room with fireplace and soaring vaulted ceilings. Amazing features to be included throughout! Take in the majestic mountain views from large covered patio. Wonderful community amenities. Home is currently under construction with estimated 6 week quick completion. Make some of your own selections for a limited time! Come see it today! *References to square footage are approximate. Price and features subject to change without notice. This ad is for informational purposes only and is not part of any contract or offer to sell.

Open House of the Week Backs to Grand Lawn!

4829 Steamboat Lake Ct. | $425,000 Hours: 1 – 3 p.m. Sunday, August 24 Neighborhood: Cordera Driving Directions: Powers to Briargate Pkwy, East to Grand Lawn Cir. Left on Steamboat.

Agent/Company: Tyra Sandoval, 330-9440, ERA Shields Real Estate

Open House of the Week Beautiful Hard Pine Log Home – 10+ Acres 9505 Thoroughbred Lane | $449,000 Hours: 1 – 4 p.m. Sunday, August 24 and August 31 Neighborhood: Black Forest Driving Directions: From Hwy 83, East on Hodgen to Remington, North to Morgan Rd., East to Clydesdale, North to Thoroughbred (on corner).

Agent/Company: Ti Mix, 719-290-1331, ERA Herman Group Real Estate Attractive Remodeled 4 BR 4 Bath home on 10+ acres - corner lot w/stunning Front Range/Pikes Peak views.

Maple cabinetry w/solid surface countertops, Stainless Steel Wolf Appliances, 2 pantries, Cathedral Pine Ceilings, Red Maple Flooring. Built-in Entertainment Ctr & Bookshelves. Green house. Covered Porches, large deck. 4-cargarage. Extra Building Site.

Featured Open House

New Home At Mackenzie Place Active Adult Campus 2836 Elm Meadow View | $326,155

Neighborhood: Mackenzie Place Driving Directions: North on union on the Southwest corner of Fillmore and Union Agent/Company: Mark Brantley, 719-963-5427, Triton Communities Open House: Tuesday – Saturday, 10am – 5pm

Backing to the Grand Lawn allows for unobstructed mountain views! Great floor plan with main level master suite and 2 additional bedrooms on the main level. 6 bedrooms total! Located on a quiet cul-de-sac. This home is upgraded with AC, tile roof, hardwood floors, new carpet, covered front and back porch!

Cottage home with loft plan has main floor living, 3 bedrooms, 2 baths, and attached 2-car attached garage. Inviting kitchen is finished with 36” Maple cabinets, Granite kitchen countertops, tile backsplash, and GE microwave, dishwasher & smooth cook top range. Vaulted ceilings and Optional gas fireplace in the Grand Room. A spacious master bedroom with coffered ceiling, walk-in closet and private master bath with double sinks, and a walk-in shower w/bench. Laundry room is conveniently located in the owner’s entry next to the garage, and the second bedroom has a nearby bath. Covered front porch and covered patio provide the perfect place to enjoy spectacular Colorado evenings.

Open House of the Week

Open House of the Week

SOME OF THE BEST VIEWS IN COLORADO SPRINGS 5912 Mapleton Drive | $525,000

Hours: 1 – 3 p.m. Sunday, August 24 Neighborhood: Orchards at Sunset Ridge Driving Directions: From Academy and Union, go North on Union to Vickers, take a right on Vickers, a right on Cherryvale Dr, right on Mapleton. Home is at the end of the cul-de-sac.

Agent/Company: Kevin Patterson, 719.575.1200, The Patterson Group Backing to Sunset Mesa Open Space on a .86 acre lot provides for SPECTACULAR views of Pikes Peak and the Front Range. This home offers over 5,000 sq. ft., 5 bedrooms, main level study, spacious kitchen with breakfast area, main level family room and 3 car garage. The lower level finish was completed approximately 2 years ago and includes an expansive recreation room with wet bar, 5th bedroom, full bath plus two bonus rooms great for an exercise room, music room, second office or library.

Open House of the Week Perfect Family Home in Dist 20 9285 Bellcove Cir. | $288,000

Custom Santa Fe Adobe-Style On 1/2 Acre, Thunderbird Estates 7605 Kelly Lane | $495,000

Hours: 1 – 4 p.m., Sunday, August 24 Neighborhood: Thunderbird Estates Driving Directions: From I-25 go west on Woodmen Rd. (Exit 149), Right at Commerce Ctr Dr., go 1/4 mile.

Commerce Ctr becomes Pine Creek Rd. Left on Tudor Rd., Left on Dorado, then Left onto Kelly Land to cul-de-sac.

Agent/Company: Laura and Tim Spear, 719-648-4588, RE/MAX Advantage Realty, Inc. Lovely custom Santa Fe adobe-style home, 3100 SQ FT, on 1/2 acre with fine finishes thru out, meticulously maintained & tucked away in Thunderbird Estates. 3 Bedrooms, 4 Baths, Attached 2 Car Garage, Immaculate condition inside and out, fully landscaped.

Be informed

on the go!

Hours: 1 – 3 p.m. Sunday, August 24 Neighborhood: BRI Driving Directions: East on Research, North on Rangewood, West on Cottage, Right on Bellcove.

Agent/Company: Janelle and Mark Potter, 719-331-4824, Real Estate Network

For phone or tablet search Colorado Springs Gazette in: 4 Bedrooms, 4 Baths, 3202 Sq FT. Lg 2 Car Garage. Within Walking Distance to Elementary, Middle Schools, Numerous Parks and Walking Trails. This Well Maintained Home Has Newer; Furnace, AC ,Hot Water Heater, Roof, Humidifier, and Windows. Fully Landscaped Yard with Auto Sprinkler System and Fenced BackYard. Granite Counter Tops Upgraded Stove with Convection Oven, Wood Flooring and Carpeting. This Home has it All! Tons of Storage in the Basement with Family Room Large Enough for Pool Table or at Home Theater. Come See for yourself, This Home is Truly Ready to Move.

Sunday, Aug 24, 2014

The Gazette · springshouses.com

SH 5

Industrial Manufacturing Facility 1875 Willow Parkway, Monument, CO 80132

6,760±SF Building 1,200±SF Metal Warehouse

I-25 Access • 2.05± Acres • Lots of Office Space

by Order of US Small Business Administration

Real Estate AUCTION th

Tuesday, September 9 at 2pm

Rentals East El Paso County

Property Inspections

Mon, Sept 8th (5-7pm) & Tues, Sept 9th (10am-2pm) or by appt.

Terms & conditions available online.

Auctioneer: Marty Rogers CAI AARE

800-544-5186 SageAuctions.com

Colorado Broker: Cookie Lockhardt Lic. 109291

Gazette County Springs 3 columns x 3 inches

SpringsGarageSales.com

Visit every THURSDAY AFTERNOON through SUNDAY NIGHT for an interactive map of this week’s garage sales!

Stetson Hills

Widefield/Security Briargate

723 Harvard St. • $149,999 OPEN SUNDAY 11AM-2PM Privacy Lovers Dream!

4679 Skywriter Circle $234,900 OPEN SUNDAY 1:00 - 3:00 Stetson Hills

Immaculate landscaping, 4/4/2, walkout basement.

Hosted by Jeff Divelbiss - Jones-Healy Realtors

Andrea Divelbiss 719-671-1670

Real estate MaRketing gRoup Manitou

520 Crystal Hills Blvd. $450,000 Open Saturday, August 23 & Sunday, August 24 1pm to 3pm

Perfect location in Manitou Springs!

Wonderful Manitou home just steps to Red Rock Canyon Park!

Completely remodeled, 4 bd/3ba, custom kitchen, granite, master suite w/gorgeous bath, unique details throughout, private deck mountain views and so much more!

Hosted by: Lisa Yens 719-648-4884

Beautiful Remodeled 3BD/1BA/1CAR with room to expand. Most everything is NEW! Large, fenced yard backs to open space. Corner lot close to schools, Fort Carson & I25. Move In Ready!

Rhonda Gilkey 719-332-8931 AdvancedRealty.info Skyway

3514 Painted Daisy Court $297,000

OPEN HOUSE SUN AUG 24 2:00 - 4:00 Briargate D20 Pine Creek Home

2 bedrooms, 2 bathrooms, 2 car garage Open floor plan, 3,314 total square feet

Dale Mueller Smith 719-359-7787

EAST

935 Saturn Drive #219 • $76,900

Open House Sunday, August 24th 1-4 PM

Quiet. Beautiful Mountain Views from this condo. 2 Patios. Updated bath and Kitchen. Easy access to pool and exercise room. Access to Parks and trails. Close to D12 schools.

2 Bed 2 Bath 1012 Sqft.

JoAnn Gadkowski 719-339-8909

OPEN HOUSE SUN AUGUST 24 1pm-4pm

2472 San Carlos Circle • $311,500

Beautiful Home Near Colorado Springs Country Club and Palmer Park Large front porch. Private backyard. Mature trees and landscaping.

This 4 bedroom, 3 bath home has vaulted living area off of the kitchen.

Fantastic for entertaining. Hardwood floors. French Doors. 3 Fireplaces and Views of the Mountains. Recent Price Improvement.

Sue Myers 719-209-0364

N/W

Open Sunday, August 24 1-3pm 7325 Woodmen Mesa Cir. $515,000 Fabulous, Contemporary Woodmen Valley Rancher w/Privacy and VIEWS! Incredible 4 bedroom/3 bath walkout rancher on ¾ acre lot nestled in the beautiful Woodmen Mesa subdivision! This beautifully appointed home is the perfect combination of elegance and sophistication. Many recent updates have enhanced the already desirable layout, featuring high ceilings, quality and custom finishes, and plenty of living space to enjoy. You’ll find upgraded cabinets and appliances, newly-custom-remodeled baths, fresh interior paint, updated lighting and more. You’ll love the views from the front of the home, and the privacy from the large rear deck w/hot tub. Enjoy Colorado living at its best!

Lori Jones

592-9700

Nicholas Scott Real Estate

Real Estate Group

980 W. Woodmen $475,000 Open Sunday, August 24 1pm to 4pm

Immaculate 4 bedroom, 3 bath Ranch on 3 acres with mature trees & private rock formations with views of Pikes Peak! There are 360 degree views for miles from the top of the lot! Main level living with Country kitchen opening to large family room with fireplace, walk-out to back, & bay window & custom flooring. Kitchen boasts soapstone counters, knotty alder cabinets, and wood floors, 6-panel solid core wood doors. Formal dining and living room with built-ins. Large rec room and another bedroom downstairs. Rock formations in your backyard, with room for your garden, and covered patio to sit and just enjoy the views and nature! This is a must see!!

Alan Wilaby at 719-338-1100

NW

3945 W. Woodmen Rd. $639,900 OPEN SUNDAY AUGUST 24, 1 PM - 3 PM

5465 Wilson Road • $385,000 Mountain Shadows Low Maintenance Living!

Beautifully maintained Mountain Shadows home on a large private lot with natural Scrub Oak backyard and maintenance-free Xeriscape; front yard! Relax and enjoy the healthy Colorado lifestyle in this low-maintenance home with gorgeous mountain views and close proximity to hiking and biking at the Garden of the Gods park, the West side and I-25. Twostory floor plan with a fully finished walk-out basement. 5 bedrooms and 4 bathrooms.

Tom Gray 719-232-9946

OPEN AUG 23 & 24 - 12-4PM

ONE OF PEREGRINE’S BEST-KEPT SECRETS IF you are looking for a beautiful home in the middle of a fabulous Colorado setting, then look no further; this can be your sanctuary. Lush xeriscaped landscaping with private settings and awesome panoramic views. Indoor & outdoor entertaining unlimited. Hiking & biking trails just steps away. 4,682 sf, 4 BR, 4 Ba, 3 Car. 3FP, 800+ sf wrap-around deck.

Gary Eisenbraun 719-440-0066

1125 Bayfield Drive $440,000 OPEN SUNDAY 12-3 Exceptional

This beautiful 3484 SF, 5BD, 4BA, and Oversized 2 car garage walkout ranch boasts incredible views of the front range mountains and the city’s evening lights. Stunning architectural features and a covered back patio that is sure to leave you breathless. High end finishes and attention to detail throughout with exotic hardwood flooring, travertine tile, and stacked stone fireplace. Beautiful kitchen delivers granite slab counter-tops, dark cherry cabinets, stainless appliances, and a built in espresso machine.

Mary Fontana 719-339-2867

Palmer Lake

105

105

6SH

EASTONVILLE RD.

Monument

The Gazette · springshouses.com

Pikes Peak New Homes HIGBY RD.

14 9

2 SHOUP RD.

• Custom-Semi Custom Homes • Energy Star 3.0 Certification • Nine Exceptional Floor plans Available • Diverse Selection of Home sites – View Lots and Golf Course Lots now available.

BURGESS RD.

KISSING CAMELS & CATHEDRAL RIDGE VOL LM

4

KW Y.

MA

11

RO N

AU ST IN

Colorado Springs Premier Custom Builder

13

• Model open 12-5 Saturday & Sunday and 10-5 Weekdays • No one tops our luxury but we compete with anybody on price • Luxurious custom home builders

Custom Homes From The $400,000s 2840 Meadow Run Cr.

www.copperleafhomes.com

24

2

PLATTE AVE.

94

• Custom & Semi-Custom Homes • Any location, style, size, or price • Building custom homes for the most satisfied clientele in the Pikes Peak region – Find out why!

AIRPORT RD. ACADEMY BLVD.

CIRCLE DRIVE

25

• We’ll build on any lot anywhere • Parade home winners since 2006

719.598.8900

Colorado Springs

85 87

ST.

BL UF

FS P

CIM

2

MARKSHEFFEL RD.

1FILLMORE ST.

NEVADA AVE.

GARDEN OF THE GODS RD.

(For Gate Access)

24

WOODMEN RD.

POWERS BLVD.

15

Mike Woelke 719.623.2669

5 3

8

24

3310 Mesa Road

ER

Air Force Academy

Manitou Springs

Gated Westside Neighborhoods

MERIDIAN RD.

25

83

powered by 1

BLACK FOREST RD.

ROLLER COASTER RD.

HODGEN RD.

Sunday, Aug 24, 2014

Winner 2013 People’s Choice (Parade of Homes) • Visit us in the Lodge at Cathedral Pines - 13977 Milam Road • Saturday through Wednesday 10-5 (12-5 on Sunday) • www.Alliancebuildersinc.com

DRENNAN RD. ST. AS EG

SV LA

719.495-4408

Security

11 FONTAINE BLVD.

6

Widefield

Our Model the Austin- This cozy 2 story home has everything most desire! The Great Room boasts a gas fireplace and it is open to the dining and Kitchen area. Generous Kitchen space has granite slab counters, stainless steel appliances, pantry, and extended hardwood flooring. Walk Out on to your patio from the Kitchen and Master Suite. Master Suite

MESA RIDGE PKWY

115

Vanguard’s Model Home Available for Quick Move In!

85 87

7

1585 Gold Hill Mesa Drive $359,988 Open Sat. & Sun 1-4 Kelly Price 719.650.1778

SQUIRREL CREEK RD.

Fountain

5

Quality and Affordable Custom Homes

Fort Carson

10851 Glen Canyon Drive Model Open Mon-Sat 10-5, Sun 12-4 or by appointment

UEBLO

OLD P

Winner 2013 People’s Choice (Parade of Homes)

RD.

25

115

boasts a plush 5 piece Master Bath and spacious walkin closet. A powder room and laundry complete the Main Level. The upper level enjoys 2 large bedrooms, a full bath, and a cozy loft which overlooks the Great Room!

A full unfinished lower level has 9’ ceilings for room to grow! Our model home Available NOW in the desirable Gold Hill Mesa Community! Don’t Miss Out!

www.gjgardnerfalcon.com

719.495.8800

HANOVER RD.

13

4

• • • •

5

Desirable Wolf Ranch 3BR, 2½ Bath, 2 Car Garage $187,000 - $229,900

Quality and Affordable Custom Homes 10888 Mt Evans Drive Model Open Mon-Sat 10-5, Sun 12-4 or by appointment

Landscaped & Fncd Yard

The Harbor is an impressive two-story stucco home with a main level master and two bedrooms plus a loft on the

The Village at Falcon • $225,000 - $300,000

New Townhomes in District 20

8989 Meadow Rose View • Award Winning Builder East on Research past Powers, • 3 Floor Plans including left on Grand Cordera Parkway Main Level Master Sales Office on your left • JMWestonhomes.com 719-571-9737

11405 Neutra Grove 6 New Homes Plans Brand New Neighborhood Jim Stiltner 719.964.3526

• We have 1/3 to 1 acre lots available • Award winning designs • Homes starting at $325,000

Winner 2013 People’s Choice (Parade of Homes)

upper level. 1930 finished sq. ft. Over 1,000 sq. ft. unfinished basement.

Granite in the kitchen, GE Appliances including washer, dryer and refrigerator.

Also, miniblinds, fenced back yard and landscaped front yards.

www.gjgardnerfalcon.com

719.495.8800

• We have 1/3 to 1 acre lots available • Award winning designs • Homes starting at $325,000

More New Homes in the Pikes Peak Region 4

3

3

Wolf Ranch – Richmond American Homes From the upper $200s 5766 Paladin Place 719.282.3783 - www.RichmondAmerican.com Banning Lewis Ranch – Richmond American Homes From the mid $200s 7092 Mountain Spruce Drive 719.573-7950 - www.RichmondAmerican.com Banning Lewis Ranch – Oakwood Homes From the mid $200s 8244 Cypress Wood Drive 719.380.5082 - 1-6pm Mon, 10-6pm Tues-Sun

3

5

6

Banning Lewis Ranch – Oakwood Homes From the mid $200s 7119 Snowbell Lane 719.380.5082 - 1-6pm Mon, 10-6pm Tues-Sun

7

Cumberland Green in Fountain – Oakwood Homes From the low $200s 9375 Castle Oaks Drive, Fountain, CO 80817 719.719.382.9799 - 1-6pm Mon, 10-6pm Tues-Sun

Meridian Ranch – Richmond American Homes From the $200s 10258 Mt. Lincoln Drive, Peyton 719.494.0182 - www.RichmondAmerican.com Lorson Ranch – Richmond American Homes From the mid $200s 6518 Alliance Loop 719.573.7950 - www.RichmondAmerican.com

To Feature Your New Home Inventory on this Map Call 476-1642