4735 E Pinewood Circle Centennial CO 80121 | $1,035,000 | 4449 Sq. Ft | 4 bedrooms, 4 Bathrooms
This Centennial home is located in gorgeous The Pines neighborhood. No detail is spared in this home. You will be welcomed by the vaulted ceilings, large windows allowing for plenty of sunlight, a gourmet kitchen and an office. And that is only on the first floor! Head to the finished basement where you will find a home theater, a gym wired with A/V and a climate-controlled wine cellar that can hold up to 600 of your favorite wine bottles! The backyard offers a private oasis with a landscaped and fenced yard that backs to a neighborhood pond.
Are you looking for a home for sale in Centennial? Here are a few similar homes for sale in Centennial:
Continue your search for a home for Sale in Centennial here.
A new year (and decade) often comes with new opportunities, a fresh start and a desire to change. However, homebuyers in metro Denver might get that that sense as they search for homes for sale.
The last quarter of 2019 looked promising with an increased level of housing inventory, price reductions and homes taking longer to sell. Although, as we approached the start of 2020, we saw a steady decline of homes on the market. From November to December the number of homes for sale plunged 27%. The typical drop for the holidays between November and December is 11%. This 27% drop was uncharacteristic.
Sure, this lack of inventory is not new for Denver. We have certainly been here before but what is different is WHO is driving this lack of inventory. In the past, the lack of inventory has been due to the homes going under contract quickly as buyers compete (very often resulting in multiple offers and driving up the price). Currently, the lack of inventory is truly because sellers are not selling their home. There are no homes for sale.
It is still early in the year to fully speculate what will happen but it is fair to say that with little inventory, the environment can get very competitive (again) for the first half of the year.
As always, we will keep you updated as the year progresses.
As we approach the holidays, we are seeing inventory tighten and homes that have not sold yet are being taken off the market. Whenever there is a decrease in homes on the market, I always get asked about Zillow’s pre-foreclosures. As you search for homes on Zillow, you are bound to come across a pre-foreclosure. Pre-foreclosures can be a great opportunity are a bit different than an active home on the market.
The best away to explain these pre-foreclosures is to understand the foreclosure process in metro Denver. Arapahoe county has a great timeline of the foreclosure process here. The process may differ from county to county but this is a great visual of the process.
When the homeowner’s mortgage becomes delinquent, the first step to start the foreclosure process is for the Lender to file a Notice of Election and Demand. This notifies the homeowner the mortgage is delinquent and they have until a certain date (110-125 days) to bring it current or foreclosure proceedings begin. This is when it becomes public record and is updated on Zillow. Therefore, when you see it on Zillow it is not on the market, the homeowner has just been notified that foreclosure proceedings make start if the mortgage is not brought up to date.
If you are interested in a pre-foreclosure home, there are a few things to note:
These homes are not on the market and to view on of the homes, your agent needs to reach the homeowner directly. This might be accomplished by a card, knocking on the front door, etc.
This can be a very emotional process for the homeowner. Typically, an unforeseen situation has occurred to get to this spot, such as, losing a job, medical bills, etc.
This process can be VERY competitive. Pre-foreclosures can be very appealing to investors trying to make money on flipping the home. You may find yourself competing for the home with investors that are willing to pay cash and provide a housing solution to the homeowner once they sell (hiring a moving company to move the homeowner or even paying for a year’s rent for them).
The process is not the shortest. Often, homeowners in this situation will attempt to avoid it for as long as they can. The lender and the county will not want to foreclose and the homeowner has up to 15 days before the foreclosure sale to “cure” the mortgage and pay what is due.
As you can see, pre-foreclosures are definitely different from a home that is listed actively on the market. Pre-foreclosures can be awesome for someone with a flexible timeline and someone who doesn’t have a lengthy list of criteria and can be open to location. To win at pre-foreclosures, it is best to keep very broad search criteria and be patient. Be sure to chat with Liz further about pre-foreclosures.
6071 S Detroit St Centennial CO 80121 | $959,000 | 4,548 Sq. Ft | 4 bedrooms, 6 Bathrooms
Wow! This Dream House Acres custom ranch is gorgeous with a jaw dropping gourmet kitchen. Enjoy cherrywood cabinets, high end stainless steel appliances, large island and slab granite counters. Enjoy a double-sided fireplace that opens to the outdoor patio and living room. The walkout basement has a rec room, bar, bedroom and private bathroom. Great proximity to Trader Joe’s, SouthGlenn, parks, the Highland Canal and more!
6758 S Elizabeth St Centennial CO 80122 | $699,000 | 4,313 Sq. Ft | 4 bedrooms, 4 Bathrooms
Stunning home in an amazing neighborhood. This Cherry Knolls home has an open main floor that allows for optimal flow for entertaining for modern day living. Enter a main floor office through barn door off the family room for plenty of flexibility. All four bedrooms are upstairs while the basement has been partially finished with a bathroom and sauna. The basement has a separate entrance and it could easily be a mother-in-law or rental. Come take a look today!
5260 Preserve Pkwy Greenwood Village CO 80111 | $1,549,000 | 5,720 Sq. Ft | 6 bedrooms, 5 Bathrooms
Live in the Preserve! This has been updated and remodeled with custom details throughout. Enjoy the tranquil setting of your yard from the hot tub on your back deck. Once you enter the home, you will be thoroughly impressed with a custom kitchen that has gorgeous cabinetry, granite and butcher block counters, Subzero and Thermador appliances. All the bathroom have been updated, nothing has been overlooked in this home.