Real Estate 11/16/14

RealEstate

powered by:

Sunday, November 16, 2014

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

FACEBOOK.COM/SPRINGSHOUSES

@SPRINGSHOUSES

TEXT GAZETTEOH TO 52732

Wayne and Sylvia Jennings (L) with Becky and Jack Gloriod (R) at the luncheon announcing Jennings as the new Managing Broker of BHHS, Rocky Mountain Realtors PAID ADVERTISEMENT

SPOTLIGHT:

Berkshire Hathaway HomeServices, Rocky Mountain Realtors announces new managing broker

BY LESLIE MASSEY  SPRINGSHOUSES.COM

On November 11 Berkshire Hathaway HomeServices (BHHS), Rocky Mountain Realtors announced Wayne Jennings will be their new Managing Broker replacing Jay Gupta, who served as managing broker since 2008.

“It is very much an honor to be chosen for this position,” said Jennings.

Along with his wife Sylvia, Jennings has been part of the real estate industry for over 17 years. Together they have established themselves as leaders within Rocky Mountain Realtors as managers of the downtown location for the past couple of years.

“It’s intriguing and exciting to be able to take on this new role,” Jennings said. “We are looking forward to 2015 as a year for growth both within the company and its brokers, as well as with the brand — which has already been extremely well received.”

Rocky Mountain Realtors was among many Prudential franchises across the country to join the Berkshire Hathaway brand following launches in California, Connecticut, Delaware, Florida, Georgia, Iowa, Missouri, Nebraska, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, West Virginia, and Washington.

Berkshire Hathaway, best known for its chairman, president, and CEO Warren Buffett, adds some zing to the current real estate market as one of the world’s most admired companies, according to Forbes, and also as the world’s most respected company, according to Barron’s.

“More than 1,000 offices, coast to coast, have now transitioned to the Berkshire Hathaway brand,” Jennings said. “In real estate terms it seems like it happened overnight, when in reality it has taken around 12 to 16 months.”

Berkshire Hathaway HomeServices is headquartered in Irvine, CA, and is comprised of an ever-expanding family of affiliate companies. As a new real estate brokerage network, it intends to establish a new era in residential real estate.

As a result of this transition, BHHS Rocky Mountain Realtors benefits from access to a solid real estate technology platform, ongoing business consultation, professional education, marketing support and more.

With this affiliation, and Jennings at the helm, BHHS Rocky Mountain Realtors anticipates continued growth and the opportunity to build on their success. 

Wayne Jennings and Jack Gloriod

BERKSHIRE HATHAWAY HOMESERVICES, ROCKY MOUNTAIN REALTORS 660 Southpointe Ct. Ste. 200 • 719-576-6767 216 N. Tejon Street • 719-635-7653

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

2SH

The Gazette · springshouses.com

Sunday, Nov 16, 2014

THE MORTGAGE PROFESSOR:

Introducing the manageable mortgage

BY JACK GUTTENTAG  THE MORTGAGE PROFESSOR

Last week I suggested that the standard mortgage was very difficult for many borrowers to manage because of its rigid payment obligation, the fixed payment period and payment amount, and the high cost of building a payment reserve.

This article introduces what I will call the Manageable Mortgage which has none of these problems. It would give borrowers the leeway to integrate the management of their mortgage into their lifestyle and budgetary practices, without weakening the discipline that many borrowers require.

HOW THE MANAGEABLE MORTGAGE WOULD WORK:

INTEREST AND PAYMENTS: Interest would accrue daily instead of monthly, so borrowers have an incentive to pay early rather than late. Payments would reduce principal by the same amount on the day received. There is nothing novel about this; HELOCs and simple interest loans work this way now.

Payments could be made on any day for any amount. Since interest accrues daily, there is no need to partition payments into interest and principal components. Payments go entirely to principal.

THE BORROWER’S OBLIGATION: The discipline imposed on the borrower is defined in terms of the loan balance rather than the payment. On any given day there is a maximum balance which declines day by day over the term of the loan. The maximum balance schedule is shown in the note.

So long as the loan balance is below the maximum balance, the borrower is OK. It doesn’t matter, furthermore, how the balance was reduced to its current level. It is up to the borrower to determine when payments are made and how large they are.

The technique of defining the borrower’s obligation in terms of the balance rather than the payment has also been used before, notably by CMG which created such a mortgage prior to the financial crisis. I have an article about CMG on my web site.

CONTRACT VIOLATION: A borrower is in violation when the actual balance is greater than the maximum balance.

(Call this “excess balance”). An excess balance up to some amount stipulated in the note might be allowable, the equivalent of the current 15-day grace period. No late charges need be imposed, however, because interest would continue to accrue.

To minimize disruption to existing

systems, a delinquency could be defined as an excess balance exceeding 30 days, while a default would be an excess exceeding 90 days.

AMORTIZATION SCHEDULES: The schedule of maximum balances could be defined as the balances in an amortization schedule based on fullyamortizing monthly payments. It also could be hand-tailored to the payment preferences of the borrower.

However the schedule of maximum balances is defined, borrowers would be provided with amortization schedules based on their own payment preferences. If they wanted to pay biweekly, for example, they would receive a biweekly payment amortization schedule.

USE OF THE INTERNET: In addition, borrowers would have access to their loan files on the internet. On the day they log in, they would see their current balance, maximum balance, and the number of days until their balance equals their maximum balance Borrowers would also be offered easy simulation capacity so they can play “what ifs” with regard to future payments. They would be able to specify future payments in a variety of ways, and in each case trace the

INDUSTRY VOICES:

What is your home worth?

impact on the balance versus the maximum balance. In this way, the Manageable Mortgage could become the core of the intelligent household’s financial planning.

The Manageable Mortgage would eliminate the rigidities of the standard mortgage.

PAYMENTS COULD BE SKIPPED OR DEFERRED: Borrowers cannot skip a payment on the standard mortgage under any circumstances. On the Manageable Mortgage, in contrast, borrowers could skip a payment so long as their balance stays below the maximum. Those with fluctuating income could adopt a payment schedule at the outset that is a little larger than needed for full amortization, building in the capacity to skip one or more payments. Alternatively, they can build up the capacity to skip payments by making extra payments earlier.

BORROWERS CAN SELECT THEIR OWN PAYMENT PERIOD: The standard mortgage requires borrowers to pay monthly. On the Manageable Mortgage, in contrast, borrowers could elect to make payments monthly, weekly, every other week, twice a month or something else — whatever best suits their income pattern and budget

practices.

BORROWERS CAN REDUCE THE MONTHLY PAYMENT BY MAKING EXTRA PAYMENTS TO PRINCIPAL: On the standard fixed-rate mortgage, borrowers cannot reduce their monthly payment by making extra payment to principal. On the Manageable Mortgage, in contrast, there is no required payment, so the borrower who reduces the balance by making extra payments can reduce the periodic payment without breaching the maximum balance rule.

BORROWERS CAN ACCUMULATE A PAYMENT RESERVE WITHOUT LOSS OF INTEREST: With a standard mortgage, a borrower with excess cash can either make payments early, losing the interest saving, or pay down the balance to save the interest, but not both. On the Manageable Mortgage, the borrower can do both because an extra payment saves interest at the mortgage rate, and also allows a reduction in future payments.  Jack Guttentag is professor emeritus of finance at the Wharton School of the University of Pennsylvania. Comments and questions can be left at http://www. mtgprofessor.com.

Designer shortcuts

BY STUART SCOTT  BROKER, STUART SCOTT LTD GROUP, ERA SHIELDS

Would you like to know what your house is worth? Give your real estate broker five minutes. She’ll tell you the sales price of all sales STUART SCOTT through the Multiple Listing System (MLS) of homes similar to yours. She’ll have results from web sites purporting to know its value. She’ll tell you about every house’s mortgage, and know about most major home improvements you and everyone else have made. She’ll drive through your neighborhood in her Google-mobile.

It hasn’t always been this way!

When I entered the real estate business in 1971, you’d find me in the meeting room of a local restaurant every 8:30 Tuesday morning along with a couple of dozen other brokers.

We all brought a three ring binder. We brought any new listings we had, and any changes to our listings with three holes carefully punched in. Around the room we sent, dispensing and collecting new listing sheets.

If you wanted to know what your house was worth, we brokers would go through court house records to check for recent

sales. We’d ask other brokers what they knew. And then … ? Well, and then … we’d extrapolate what we knew to give you our best guess what a willing buyer might be a willing to pay.

Which is what we do today … only with more information to confuse things.

You see, an exact value is a mythical beast.

Suppose the day your home hits MLS there are three families in town looking for a home just like yours. And, they all have to have a contract by Friday to enroll the kids in school. And you’re the only similar home on the market.

Or, conversely, suppose the day your home hits MLS there are six other homes like yours on the market, but there don’t happen to be any buyers in the market.

Same house, but the price difference could be enormous.

How in the world can you make a pricing decision with such variability?

Good news! There’re no more gatherings of brokers with three ring binders bringing market information up to date. If there were any pricing changes this week, everyone already knows. We convey pricing, and any other changes, virtually instantly.

The best way to approach pricing today is to use your broker’s wonderful market information. Together, you can

look at pictures, location, improvements, etc., see how your house compares, and you can come up with a competitive price. The goal of a listing price is to generate showings and then for one of those showings (or more than one!) to generate an offer. If the phone doesn’t ring for a month, we know that the entire buyer pool has seen the listing and passed on it. If you decide to make a price adjustment, you get a fresh look from that whole existing buyer pool again … as the saying goes, you only get one chance at a first impression … but with real estate technology today you do get multiple chances to attract buyers in this manner!

Tell her your time frame. Then be ready to take advantage of our instant communication today. If you’re not getting showings with great interest, and you’re in a hurry, then lower your price.

With 95 percent of buyers searching the net, they and their brokers will see your price change immediately. If you’re in no hurry, you and your broker can be very patient.

Keep adjusting your price to meet market conditions and your level of patience. No matter what you might think your house is ‘worth,’ the real question is WHAT a buyer is willing to pay WHEN you need to get it sold. 

Factors that impact a home’s value STATEPOINT MEDIA

It may seem like the size of your home is the be-all and end-all of your home’s value. But there are many factors that determine the listing price of a home.

A new report offers some insights.

The Coldwell Banker Home Listing Report ranks the average listing price of four-bedroom, two-bathroom homes in nearly 2,000 markets across the country.

Analyzing more than 51,000 similar-sized listings, it addresses how much a home in one market would cost if the same home were located somewhere else.

For example, the report reveals that for the price of the average home in Los Altos, California, you could purchase 30 similar-sized homes in Cleveland, Ohio, nine homes in Charlotte, North Carolina,

eight homes in Chicago, Illinois, five homes in Miami, Florida or two homes in Seattle, Washington.

But why are there discrepancies?

“It’s amazing how much location impacts a home’s value,” says Coldwell Banker Real Estate consumer specialist Jessica Edwards. “Typically, urban markets are expensive, while suburban and rural areas tend to be more affordable. However, many factors contribute to the average price of a home, such as commute time or proximity to the waterfront. The Home Listing Report is a helpful reference.”

Local industry plays a role as well. In the case of Los Altos, which is ranked as the most expensive market in America,

the continued success of many tech companies contributes to the boom.

This information can be useful, whether you’re planning to put your property on the market or you’re looking to relocate.

For example, if you are scoping out a neighborhood where home prices are on the verge of increasing, area features to look out for include cultural institutions as well as such factors as unique architecture and proximity to mass transit and other trendy areas.

Edwards recommends doing some quantitative research, including talking to your Realtor about how properties are selling in your area and whether business owners are investing in the neighborhood. 

BY CATHY HOBBS MCCLATCHY-TRIBUNE NEWS SERVICE

The season of entertaining family and friends is almost upon us. What better time to change or refresh your decor in an inexpensive way. What’s wonderful about design is it doesn’t always have to be expensive to look expensive. Many of the great successes in design can be achieved with a minimal amount of time and at a low cost. Here are some of my top designer shortcuts for ways to bring quick, easy decor into your home at an affordable price.

QUICK CENTERPIECES

Tall vessel filled with fruits or vegetables. There is nothing more colorful or festive than incorporating fresh fruits or vegetables into your decor. From large green, yellow or red peppers to artichokes, lemons and limes, jars filled with these colorful items can make a real statement. When it comes to lemons, limes and apples, incorporate the fresh leaves of the stem, sprinkling them throughout the height of the jar.

Short flowers in small pitchers or vases. Big blooms such as hydrangeas or peonies look gorgeous when cut short and placed in a short vase, pitcher or apothecary jar. Other ideas include colored bottles, jelly or canning jars. The look is both fresh and elegant.

Tall vase with stems. From a single stem in a tall slim vase to a handful of fresh cut flowers, flowers instantly say welcome to your guests.

Glass hurricane/candle on a birch coin. A simple birch coin can add an instant organic element to your decor, and with a simple candle and glass hurricane on top, it can be an elegant centerpiece for a coffee or dining table.

Carved out apple or artichoke with a taper candle. Whether it’s an artichoke or apple, carving out fruits and vegetables and inserting a tall taper candle can add instant appeal.

Succulents in moss and sand. Tiny succulents are hearty enough to be around for plenty of holiday parties. Pair them with sand, moss or river rocks in a glass jar or vessel and you have a beautiful accent piece.

QUICK DECOR ITEMS

Affordable toss pillows. Toss pillows are relatively affordable, and the right pattern and or color can really add impact to a space. If you want a budget, craft-friendly idea, why not make toss pillows from affordable scarves?

Treasured items placed in shadow boxes. Shadow boxes are such a beautiful way to display mementos and even those items you may have thought about packing away for good. Postcards, treasured photos and holiday cards all work, especially when paired with multi-dimensional items such as buttons, coins, souvenirs and mementos.

Framed wallpaper. Wallpaper is making a comeback. Prints are bold, colorful and in many cases textured. Nearly all retailers that sell wallpaper allow potential buyers to take home free samples. The sample sizes are usually always substantial in size and perfect for framing.

Framed pieces of fabric. When it comes to affordable/instant artwork, this tip tops my list! The beauty of fabric is you can buy it by the yard. Can’t paint? Why not buy yards of printed fabric and stretch it over a frame made of plywood? The result is a colorful, unique print. You can also frame smaller pieces to hang. 

Sunday, Nov 16, 2014

The Gazette · springshouses.com

SH 3

Why these seniors got reverse mortgages

BY MARCIE GEFFNER BANKRATE.COM

Mike Ryan was so skeptical of reverse mortgages that he thought for two years about getting one before he finally did it. The idea of taking equity out of his house, tax-free and with no monthly payments, was appealing. But still, he wasn’t sure.

Then Beth Paterson, executive vice president at Reverse Mortgages SIDAC, a division of Greenleaf Financial, in St. Paul, Minn., told Ryan he could sell his current home and use a reverse mortgage to buy a new home.

With that in mind, he was sold.

his wife lived in a home with a tuckedunder garage and 15-step staircase to the main level.

“We wanted a single level so my wife didn’t have to traverse steps up and down. Every time we went to get groceries, we had to bring them up the 15 steps and vice versa,” he says.

REVERSE MORTGAGE A reverse mortgage is a home equity loan in which the borrower is not required to make payments. The homeowner must be at least 62 years old. A reverse mortgage accrues interest and does not have to be repaid until the homeowner dies or moves out of the house. The Federal Housing Administration calls it a HECM (pronounced HECK’M), for home equity conversion mortgage.

NEW HOME The reverse mortgage paid off an existing loan on that home and, combined with the equity from the sale, enabled the Ryans to buy their new residence.

“The old house sold for $240,000,” Ryan says, “and that afforded me enough to actually put a few bucks in my pocket at the end of the day.”

The Ryans’ new home, bought for $400,000 in November 2013, also has two levels, but the main living area is on the first level, just two steps up from the garage. The lower level is a walk-out basement that contains storage space and a guest bedroom.

Both homes are in St. Paul.

A LONG CLIMB FROM THE GARAGE At the time, in mid-2013, Ryan and

NO WORRIES The upfront fees and interest costs

were “one of the drawbacks,” Ryan says, but he adds that he and his wife had no concerns about using their home equity.

“We’re the perfect candidates for a reverse mortgage because there’s no one for us to be leaving our money to,” he says. “The idea is: Why shouldn’t I enjoy the fruits of my labor when I was younger in my old age if it makes it a little easier for me? It’s the perfect tool.”

So far, Ryan says, he has no regrets about the reverse mortgage, although it was difficult to move out of the home where he and his wife had lived 38 years.

“The net result of having a reverse mortgage is that there are no more payments for you to make and you can live there until the last one of the two of you expires,” he says. “The beauty of it is you have a nice new house with no payments.”

REVERSE AND REPEAT DeAnna Manley, 71, believes so strongly in the benefits of reverse mortgages that she’s taken out not just one or two, but three reverse mortgages, and she wouldn’t hesitate to go for a fourth if she could.

“It’s a wonderful option,” Manley

says.

Manley inherited her home in San Diego from her mother in 2010 and got her first reverse mortgage of about $200,000 that year. She says she used the money to pay off an existing $135,000 loan and “completely gut and remodel the house.”

CASH OUT The house then appreciated in value, giving Manley the opportunity to obtain her second and third reverse mortgages, all from Eric Meehan, owner/broker of Golden Opportunity Reverse Mortgage in San Diego.

Those mortgages netted Manley a combined total of about $60,000 in 2011 and 2013. An appraisal in 2012 wasn’t high enough for her to get a new reverse mortgage that year.

“After I modernized the house, the value went up a lot,” Manley says, “so I did another reverse mortgage based on the new value. That got me back the same $60,000 that I had already gotten and spent.”

That sum is now invested in the financial markets to supplement her retirement savings.

NO FEAR OF THE UNKNOWN Manley says she had no hesitation about the reverse mortgages or fees, though she is aware that some of the fees have become more expensive while others have been reduced.

“I was a mortgage broker for 15 years and a real estate broker for 30, so it’s not scary to me,” she says. “The things that make other people nervous about real estate lending and all the hoopla and voodoo about buying and selling doesn’t bother me because I’ve been doing it for so long.”

PRESERVING ASSETS Manley says her three adult children “are all interested” in her financial situation and know about the reverse mortgage, but don’t question her about it.

“If I decide to get a mortgage, I’m going to do it,” she says. “There’s no sense talking about it. It would affect my offspring only to the degree that I am living off the equity, but I can either live off the equity or I can have equity and they can take care of me someday. I figure this is better.” 

YARDSMART: Fill compost bins, not landfills, with compostable holiday decor

BY MAUREEN GILMER  MCCLATCHY-TRIBUNE NEWS

Long before Christianity became established in Europe, the ancient tribal people who lived there believed in the spirit of the vegetation. The Druid spirits lived within the ancient oaks that once covered the land before the Roman conquest. The oldest and most gnarled of those oaks or those located beside springs in the forest were thought to be oracles that were able to communicate with Druid priests through the gurgling of water and rustling of leaves.

At the time of the winter solstice, what we call the shortest day of the year, the spirits were thought to move into the evergreen trees. The most well-known were the species of holly from genus Ilex, which were capable of retaining their rich green foliage throughout the winter and under snow.

To honor these spirits, tribal people brought boughs of evergreen foliage into their homes, which in ancient times

were much like the thatched houses of the movie “Braveheart.”

This is the origin of our Christmas decorating traditions before it was set in midwinter. This pagan celebration was one that encouraged the sun to return to the land and bring a plentiful food supply. Primitive people didn’t have calendars or written history to prove the sun would return, so they surrounded themselves with vestiges of the natural world instead.

Today, winter celebrations of all kinds have been overwhelmed with massproduced glitz and plastic that is worse than artificial — a lot of this stuff won’t decompose after it’s discarded. Perhaps it’s time we turn back to the earlier traditions of Europe that came across the Atlantic and defined our early American holiday celebrations. As our nation expanded westward, the plants changed, but the way they were used remained

the same. This is our green tradition, which creates a festive environment with decorations that can be moved into the compost heap come January.

If you’ve never sought decorations in the natural world, consider these primary materials that can be easily found both in the countryside and overgrown homesites throughout many cities.

called a hip. By the holidays they are bright red and stand out in the dormant landscape. String them fresh while soft enough to run a needle through them, then hang to dry until it’s time to decorate the tree. Cut bunches of cotoneaster berries, firethorn and bittersweet to dress up hearth and table.

STICKS When the deciduous plants bear their bones, they are sticks. Whether these originate in willow thickets along a drainage ditch or are clipped from our fruit trees, sticks brought indoors in winter are simple and organic. Wild grape and honeysuckle produce long, flexible runners that make lovely garlands by adding decorative leaves and fruit.

WEEDS When wild or naturalized plants die with frost, there’s often seed heads and unusual parts still standing. Teasel, an invasive weed, stands tall, topped with curious cones filled with seeds similar to those of coneflowers. Fluffy grass heads both decorative and wild are equally beautiful. Every region has its own weeds from West Coast artichoke to New England mullein.

ROSE HIPS AND BERRIES After roses bloom, they produce fruit

CONES AND CONIFERS Evergreen conifer boughs bring the

smell of Christmas indoors as their rich oils evaporate into the warm, heated rooms. Many of these trees produce cones that are free for the gathering to decorate the hearth or stud garlands draped upon a stair rail. You may not realize just how much there is to clip in most regions until you start looking around. When the deciduous plants are bare, you’ll find these evergreens stand out just like living spirits of the ancient world.

Returning to our natural roots for the midwinter holidays is not only affordable, it’s better for the environment, too. Even in our cities there are many opportunities to find organic decorations in roadsides and waste places. Perhaps if more people returned to this traditional way of living, the holidays would not be a mass market event and our compost bins would be full at season’s end, not the landfill. 

4SH

The Gazette · springshouses.com

Sunday, Nov 16, 2014

More Open Houses Open House of the Week Gorgeous Custom with Amazing Views 10955 S. Holmes | $725,000

Lovely Custom A frame Chalet atop a knoll in the Black Forest with sweeping views of the Front Range that will leave you in awe of the gorgeous city we live in. Wonderful use of natural stone and moss rock in the 4 fireplaces; top of the line appliances in the remodeled kitchen; fabulous master suite addition with access to the wrap around deck. Through French doors.

The bedroom has a fireplace and great master bath with views and translucent Onyx tile in the Jacuzzi tub. Custom light fixtures throughout the home. Two master suites grace the main level and wall of glass allow the sunlight and views in; two story fireplace adds coziness to the living/family room. Upstairs brings you to an office/bedroom retreat with fireplace and bathroom. Downstairs is a walk out with additional family room, fireplace, 2 bedrooms and laundry. This beautiful treed 5 acres has an abundance light and Spectacular views. There is a landscaped yard around the home with perennials. You have the opportunity to live in nature in a very private environment yet are very close to shopping and major arteries.

Open House of the Week Custom Home in Sunset Ridge 5735 Flintridge Drive | $279,900

Hours: Saturday, November 15 and Sunday November 16.

Call for Private Showing.

Neighborhood: Northeast Driving Directions: Academy to Vickers; East on Flintridge; take a right and home is on the left.

Agent/Company: Bianca Taylor, 719-229-6488 ERA Shields

Beautiful custom home with fabulous Pikes Peak Views! Professional Landscaping in front and back yards.

Xeriscaping in front, new sod in back. Two decks off the kitchen add to the outdoor ambience. Wonderfully remodeled kitchen to include Granite countertops, stainless appliances and porcelain tile floors. Main level living with a large master suite, living room with gas fireplace, kitchen & nook, powder room and walkout to lovely yard. Two additional bedrooms, loft and Jack and Jill bath upstairs. Basement has a nice family room with gas firepalce; bar area for entertaining and bath. Oversized two car garage.

Open House of the Week Updated Beauty In Villa Loma!

4830 Santiago Way | $215,000 Hours: 1 – 4 p.m. Sunday, November 16 Neighborhood: Villa Loma Driving Directions: East on Constitution. Turn left on Oro Blanco. Right turn on Santiago Way. Agent/Company: Barbara Harris 719-338-0827 Harris Group Realty, Inc. 719-227-9900

Beautifully updated 4 bedroom 3 bath home in Villa Loma. Nicely landscaped front yard, fully fenced and private treed back yard with multi-level deck and patio. Kitchen updated with oak cabinetry, tile floor, granite countertops & newer appliances. Family room has gas fireplace with built ins on either side. Master bath upper hall bath nicely updated.

Lowest level offers storage, playroom and office/bedroom. New energy efficient furnace, water heater, 2 yr old roof, stucco exterior and updated lighting

Featured Open House LOVELY RANCH HOME IN D12

EAST

OPEN HOUSE SUN NOVEMBER 16 1pm-4pm

2472 San Carlos Circle • $299,000

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

my Life, my Community my Gazette

To place your ad call: 719-444-SELL

Real Estate Group

Selling – Buying ...I Can Help!

SU OP ND EN AY 14

Hours: Saturday, November 15 and Sunday, November 16 - Call for Private Showing Neighborhood: Black Forest Driving Directions: From Burgess right onto South Holmes. Home is on left.

Agent/Company: Bianca Taylor, 719-229-6488, ERA Shields Real Estate

Tina 2060 S. Hampton St. • $164,900 • MLS#2143211

Spectacular Remodeled home w/Designer Inspired Improvements.

Move in Ready!! New Roof, Driveway & Walkways, Custom Stucco Exterior. New Vinyl Windows & Sliding Glass Door. Low Maintenance Landscaping. Remodeled Kitchen w/stunning Granite Counters, Stainless Steel Appliances, Upgraded Cabinets & Tile. Exceptional plush Carpet. Newly Designed Deck Overlooking Open Space.

Directions: B Street to Hampton Street.

1-719-229-2153 Cell 1-800-325-0466 Toll Free

Swonger

GRI, QSC, LHP, ABR, CDPE 719-229-2153

www.TinaSwongerRealty.com tina.swonger@wesellmore.net

Featured Houses Featured Home of the Week Classic Homes in The Village of Verona 1908 Turnbull Drive | $646,096 - Available Now!

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 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 covered rear patio. 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!

Featured Home of the Week Classic Homes in Meridian Ranch

2970 Shoreham Circle | $385,000

10483 Mt Columbia Drive | $299,703

Open House: Saturday 1:00-3:00PM Neighborhood: Broadmoor Driving Directions: : From Hwy 115 turn West onto Cheyenne Mountain Blvd. and take the second left on Shoreham Circle.

Agent/Company: Bianca Taylor, ERA Shields, 719-229-6488

Neighborhood: Meridian Ranch Driving Directions: This home is sold from Classic’s model home. I-25, exit #149 at Woodmen. East on Woodmen, past Powers. North at light on Meridian Rd. East on Londonderry Dr. North on Rainbow Bridge Dr. East on Mt Columbia Dr. Right on Mt Lincoln Dr. and model is on the right.

Agent/Company: Carolyn Crowley, Classic Homes 719-494-1101, www.classichomes.com

Wonderfully maintained ranch in a great location; within walking/biking distance to restaurants, shopping & elementary school. Light and bright floor plan, hardwood flooring, large rooms, main level living at its best! 4 bedrooms,4 baths, 2 car garage. Private yard, this home is a gem.

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

Cottage home with loft plan has main floor living, 3 bedrooms, 2½ 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.

Be informed on the go!

For phone or tablet search Colorado Springs Gazette in:

The Vail is a 3,430 sq. ft. 2-Story plan offering 4 bedrooms, 2.5 baths, 2-car garage, 10x18 deck off nook, and 10x10 patio off basement rec room. Hardwood floor on most of main level. Expanded kitchen includes built-in desk, designer uppers, slab granite countertops, and stainless steel appliances. Un-finished walk-out basement with 1-foot taller ceilings. 8,958 sq.ft. home site. MLS #6116805

Featured Home of the Week Classic Homes in The Village of Turin 2436 Delicato Court | $415,266 Neighborhood: Flying Horse Driving Directions: (Sold from new Milan Model) Take Highway 83 to Flying Horse Club Drive. Go west to Ravenswood Drive. Take Ravenswood south to Classic Model at 2057 Ripple Ridge.

Agent/Company: Classic Homes, 719-495-7297, flyinghorse@classichomes.com Classic’s most popular 2-story the “Monarch” floor plan is now available. The home is 4,546 sq. ft. featuring 4 bedrooms plus loft & study, 2.5 baths, and 3-car garage. It has stucco & stone custom exterior. This home features granite kitchen counters, stainless appliances, and maple cabinets. A/C prep package. Covered 10x16 patio. Unfinished basement with 1ft. taller ceilings. Includes Social Fitness Membership in The Club at Flying Horse! MLS: 8592981

Sunday, Nov 16, 2014

The Gazette 路 springshouses.com

SH 5

Call to subscribe

1-866-632-NEWS To place your ad call:

719-444-SELL

To place your ad call:

719-444-SELL

PALMER DIVIDE RD.

Palmer6SH Lake

The Gazette · springshouses.com

105

Sunday, Nov 16, 2014

105

HIGBY RD.

83

9

2 SHOUP RD.

1

Gated Westside Neighborhoods • 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.

MERIDIAN RD.

25

HODGEN RD.

BLACK FOREST RD.

ROLLER COASTER RD.

14

4

powered by

EASTONVILLE RD.

Pikes Peak New Homes Monument

KISSING CAMELS & CATHEDRAL RIDGE 3310 Mesa Road

Mike Woelke 719.623.2669

BURGESS RD.

(For Gate Access)

ER

Air Force Academy

VOL LM

2

Colorado Springs Premier Custom Builder

5

6 15

KW Y. FS P BL UF

24

CIM

AU ST IN

FILLMORE ST.

MA

11

RO N

WOODMEN RD.

719.598.8900

www.copperleafhomes.com

2 • 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!

• Visit us in the Lodge at Cathedral Pines - 13977 Milam Road • Saturday through Wednesday 10-5 (12-5 on Sunday) • www.Alliancebuilders.com

ACADEMY BLVD.

CIRCLE DRIVE

719.495-4408 5

ST. AS EG

SV LA

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

Security

Winner 2013 People’s Choice (Parade of Homes) Landscaped & Fncd Yard

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

• Main-level living • Gourmet kitchen with free refrigerator

FONTAINE BLVD. PKWYGrove RIDGE MESA 11424 Neutra

9 New Plans from the High $100s 85

87

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

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

Winner 2013 People’s Choice (Parade of Homes) • 30,000 square foot recreation center with pool • Miles of paved hiking and biking trails • Neighborhood parks and playgrounds

www.gjgardnerfalcon.com

719.495.8800

OLD P

5

• Antler creek Golf Course and CreekView Grill North on Woodmen Rd., east on • New homes from the low 25Dr. and follow the $200s to the $500s Londonderry

UEBLO

Models open daily until 6pm

Quality and Affordable Custom Homes

RD.

17215 Papago Way MLS# 2997017 $449,000 Model Open Saturday 1-4PM

signs to builder models.

www.MeridianRanch.com

Winner 2013 People’sYOUR Choice (Parade of Homes) REIMAGINE REIMAGINE YOUR DREAM HOME. LIFE LIFE SIMPLIFIED. SIMPLIFIED. DREAM HOME. www.gjgardnerfalcon.com

11

HANOVER RD.

• 6 bed, 4 bath, 3 car garage • 5 acre horse property • Pond on back of lot Backs to open space A low A low maintenance maintenance community community connected connected by •by green green spaces spaces and and

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

Highest quality construction with exceptional detailing and amenities are standard with a home built by Oaksbury, Inc. Custom Home Builder in Colorado Springs for over 23 years.

719.495.8800

walking walking paths, paths, justjust minutes minutes from from downtown. downtown.

Charming Charming architectural architectural styles styles and and floor floor plans plans that that fit any fit any lifestyle. lifestyle.

11

LIFE SIMPLIFIED. LIFE SIMPLIFIED.

Vanguard’s Model Home Available for Quick Move In!

Hand Crafted Custom Homes by OAKSBURY, Inc.

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

REIMAGINE REIMAGINEYOUR YOUR DREAM DREAMHOME. HOME.

A Golf & Recreational Community

AVAILABLE NOW! 5676 Leon Young Dr. $399,000 719-368-7945 115

New Lots Available in Settlers Ranch.

Highway 83, east on Hodgen Rd. to Timber Meadow Dr. Turn left.

5

• Master level office or 2nd bedroom & full bath • Main level laundry w/free W/D • 2 bedrooms in basement w/ full bath

SQUIRREL CREEK RD.

Fort Carson

4

719.495.8800

5

• Hardwood floors, Granite Countertops, Stainless Steel appliances • Main level master with free-standing tub, large shower, walk-in closet • Main level study with trendy barn door • 3 bedrooms and 2 full baths on upper level • Full basement

Lori@CreekStone-Homes.com Open Mon-Sat 10-6 / Sun 12-6 www.CreekStone-Homes.com

www.gjgardnerfalcon.com

Widefield Available Now! $248,000

Fountain New CreekStone Homes in District 20!

Quality and Affordable Custom Homes

DRENNAN RD.

13

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

Mark Davis 719-338-3116

Award Winning Custom Homes

94

AIRPORT RD.

New Townhomes in District 20 8989 Meadow Rose View 115 • Award Winning Builder

4330 Settlers Ranch Rd. Settlers Ranch

Custom Homes From The $400,000s • Parade home winners since 2006 and 2014 People’s Choice Award

PLATTE AVE.

15

6

13

24

25

• • • •

24

Colorado Springs

85 87

ST.

8

• We’ll build on any lot anywhere • No one tops our luxury but we compete with anybody on price • Luxurious custom home builders

MARKSHEFFEL RD.

Manitou Springs

POWERS BLVD.

1

NEVADA AVE.

GARDEN OF THE GODS RD.

3

1585 Gold Hill Mesa Drive

$359,988 Open Sat & Sun 1-4 Kelly Price 719.650.1778 Kelly@VanguardNewHomes.com

Aaward-winning lowaward-winning maintenance community connected by green spaces and A low maintenance community connected by green spaces and Featuring Featuring 4 local, 4 local, builders: builders: minutesCharming from downtown.

Charming architectural walking paths, justwalking minutespaths, from just downtown. architectural CreekStone, CreekStone, Hi-Point, Hi-Point, JM JM Weston, Weston, and and Vanguard Vanguard Homes. styles and plans that fit any lifestyle. Homes. styles and floor plans that fitfloor any lifestyle.

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!

Featuring 4 local, award-winning builders: Featuring 4 local, award-winning builders: • •Townhomes Townhomes from from thethe $180s $180s to $230s to $230s and and REIMAGINE YOUR CreekStone, Hi-Point, JM Weston, and Vanguard Homes.

CreekStone, Hi-Point, JM Weston, and Vanguard Homes. single single family family homes homes from from the the $260s $260s to $500s. to $500s.

DREAM HOME. • Townhomes theand $180s to $230s and • Townhomes from the $180s tofrom $230s LIFE SIMPLIFIED.

single homesto from thespaces $260sand to $500s. single family homes fromfamily the $260s $500s.

A low maintenance community connected by green walking paths, just • •Models Models open open daily. daily. minutes from downtown. Charming architectural sytles and floor plans that fit any lifestyle.

LIFE SIMPLIFIED.

9

A low maintenance community connected by green spaces and Featuring 4 local, award-winning builders: • Models open daily. paths, just minutes from downtown. Charming architectural • Models open daily.

CreekStone, Hi-Point, JM walking Weston, and Vanguard Homes styles and floor plans that fit any lifestyle.

• Townhomes from the $180s.

Family Homes from the $260s.

Featuring 4Single local, award-winning builders: CreekStone, Hi-Point, JM Weston, and Vanguard Homes.

• Models open daily.

WWW.GOLDHILLMESA.COM WWW.GOLDHILLMESA.COM WWW.GOLDHILLMESA.COM WWW.GOLDHILLMESA.COM • Townhomes from the $180s to $230s and single family homes from the $260s to $500s.

Our award winning Kingsbridge- This 2 story plan is sure to please! Completed in a European Cottage Elevation, this home boasts beautiful stucco and stone in a dynamic color scheme. Inside, the main living areas are open and spacious, complete with all the features you have come to expect in our homes. The Kitchen, with granite slab counters, stainless steel appliances, walk-in pantry, and an island with additional seating provides luxurious living. The Great Room boasts a raised corner fireplace and built-in entertainment center. The Main level also has a mudroom, powder room, and a study that could function

Vanguard Homes- Kingsbridge-2 Story-Finished Basement-Wet Bar-Spectacular Views- Prestigious Flying Horse Community!

2016 Turnbull Drive $456,972 Open Sat & Sun 1-4 Kelly Price 719.650.1778 Kelly@VanguardNewHomes.com

as a formal dining room. The radius stair case with wrought iron railing leads you to the upper level. Master Suite is accompanied with a plush 5 piece Master Bath with a granite slab counter and walk-in closet. The Kingsbridge has a unique loft that opens to a covered deck which yields spectacular views, and overlooks the beautiful curved stairway! The upper level also enjoys 2 spacious bedrooms, a full bath, and laundry room located conveniently to all bedrooms. Finished Basement with 9’ Ceilings offers a Family Room with a Wet Bar, Bedroom, and a Full Bathroom.

Located in the prestigious Flying Horse Community! OR: Study OR: Loft

INFO@GOLDHILLMESA.COM 719.633.2202 719.633.2202 INFO@GOLDHILLMESA.COM INFO@GOLDHILLMESA.COM 719.633.2202 719.633.2202 INFO@GOLDHILLMESA.COM • Models open daily.

WWW.GOLDHILLMESA.COM

More New Homes in the Pikes Peak Region 4

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

5

6

719.633.2202

INFO@GOLDHILLMESA.COM

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