What you get for $1 million
Diane Rex, broker-owner of Rex Realty, shows off the bright, airy kitchen of an unusual listing in Lafayette. The property, for sale for $1.025 million, has a recently upgraded 4,678-square-foot house on several acres of land, but is located near the center of Lafayette.
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6081 Nimbus Road, Longmont - 2,390 total square feet; four bedrooms, one full bath and one three-quarter bath. -
4875 Sixth St., Boulder - 5,261 total square feet; four bedrooms, three full baths and one half-bath. -
2025 S. 104th St., Broomfield - 2,650 total square feet; three bedrooms, two full baths and one half-bath. -
670 Johnson St., Louisville - 5,217 total square feet; four bedrooms, four full baths and one half bath. -
2490 Cana Court, Lafayette - 4,678 total square feet; four bedrooms, three full baths.
Referring to the property he's listing at 6081 Nimbus Road in Longmont, he said, "There are 18 listings in the same area with 15 acres or more."
What sets this property apart from most others, he said, is that its value is in the land.
"Houses built in this area on 15 acres of property are priced in the $2 million to $3 million range," Haffnieter said. "The value here is in the land, not in the house. It allows for an up to 6,000-square-foot house and a 6,000-sqare-foot accessory building, although the county would still have to approve it."
His advice for people looking for properties like this is to be sure and look at neighboring properties for values.
"This place was appraised in 2007, and the current list price is less than what it was appraised for then," he said. "After the housing bubble broke, the high-end market was really affected."
Diane Rex, Rex Realty broker owner, is listing a property at 2490 Cana Court in Lafayette, another place with a lot of land. This one, however, is located more in the heart of town. "Four and one-half acres in the middle of Lafayette is rare," she said.
Another difference is that this home has been upgraded recently. There's also the possibility that a buyer could "jump through hoops," she said, and investigate the likelihood of building additional homes on the process.
Rex stressed that the option is merely a possibility and far from a certainty.
All the same, it seems that a good amount of land adds a good amount of value to properties, especially in this price range.
6081 Nimbus Road, Longmont | List price: $1,050,000 :
The house sits on 21 acres and is off the road.
Inside
Built in 1890, the house needs remodeling, according to the listing broker.
Outside
The property features an irrigated meadow with water, pastoral views, close to Niwot, borders Left Hand Creek to the north. Garage is a recent construction and can be used as a barn for animals and horses. A conservation easement is recorded for the property, which allows for a 6,000-square-foot house and a 6,000-square-foot accessory building subject to the Boulder County building permit process.
4875 Sixth St., Boulder | List price: $1.049 million :
Unique features
Owners are taking backup offers for this property, which includes a house built in 2003.
Inside
The house includes a solar system, an eat-in kitchen, separate dining room, cathedral/vaulted ceilings, open floor plan, pantry, walk-in closet, cherry hardwood floors throughout the main level, a kitchen island, high-efficiency furnace, central air conditioning, a jetted bathtub and a security system. The living area and master suite have fireplaces.
Outside
Near trails and parks, the property features a lawn sprinkler system, balcony, patio, deck, deciduous trees and a fenced yard.
2025 S. 104th St., Broomfield | List price:$1.195 million :
Unique features
Built in 1995, this contemporary house sits on two and one-half acres and is adjacent to a 30-acre farm, which is a conservation easement.
Inside
The house includes an eat-in kitchen, separate dining room, cathedral/vaulted ceilings, a bay window, walk-in closet, loft, window coverings. The family/recreation room has a fireplace.
Outside
The property, zoned for four or more horses, has been used to board horses and has a pond as well as a heated shop. It includes a pasture, loafing shed, hay storage building, and access to riding trails. The lot includes evergreen trees, deciduous trees and native grass.
670 Johnson St., Louisville | List price: $1.099 million :
Unique features
Built in 1998, the property is in Old Town Louisville.
Inside
The house includes an eat-in kitchen, separate dining room, open floor plan, wood floors, a master bedroom fireplace, great room fireplace, basement fireplace, solar photovoltaic system, solar thermal system, solar domestic hot water, central air conditioning window coverings, a main floor bath and a main level bedroom.
Outside
The property is in a cul-de-sac and includes a lawn sprinkler system, a patio and a three-space garage.
2490 Cana Court, Lafayette | List price: $1.025 million :
Unique features
Built in 1971, the house was recently renovated.
Inside
The contemporary/modern, raised ranch house includes bamboo floors, an open floor plan, an eat-in kitchen with new cabinets and a kitchen island. The living room includes cherry columns and shelving. Additional features include a high-efficiency furnace, a recreation room with fireplace, central air conditioning and a sauna.
Outside
The house sits on 4.53-acres and includes a barbecue patio area, a lawn sprinkler system, storage buildings and an oversized garage. Deciduous trees, native grass and an orchard decorate the property. There is a common recreation/park area.
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