Real Estate Blog

Four houses in this week’s home sales roundup topped $1 million — an abnormally strong week for the top end of the Shelby County housing market.

The top home, which is located on Walnut Grove Road in East Memphis’ ZIP 38117, sold for almost $1.7 million. Built in 1926 on 2.4 acres, the house contains four bedrooms and four full bathrooms in 6,500 square feet.

A new home on Chapel Woods Cove in Germantown’s ZIP 38139 was No. 2, selling for $1.4 million. The number of rooms and square footage…

“Hillcrest Lodge,” a 5-acre estate in Sammamish has come on the market, listed for $4.98 million.

This gated and manicured estate, a Street of Dreams award-winner, was designed by Curtis Gelotte, and is owned by Nick and Patricia Coluccio. Nick, a second-generation Seattleite, is president of Frank Coluccio Construction.

Patricia is a fourth-generation Seattleite. Her great-great grandfather, Luke McRedmond, was one of the founders of Redmond. She is a retired senior executive for a transportation company.

The…

The sprawling Napa Valley ranch home built by the man who helped create the modern National Football League just hit the market yesterday for the first time ever.

Listed for $19.95 million, the 40-acre vineyard ranch of the late Lamar Hunt and his wife Norma — located in Knights Valley just outside of Calistoga — features a 6,615-square-foot, three-bedroom, four-bathroom residence along with a private vineyard of Cabernet Sauvignon vines along the banks of Bidwell Creek, complete with water…

A development team is floating plans to build a high-rise tower above the Masonic lodge at the corners of Seventh and Lavaca streets. That's either an “innovative” approach to transforming a busy downtown corner or a “horrible” desecration of a historic landmark, depending on whom you talk to. Developers, architects and engineers are trying to make their case.

Despite the lawsuits ongoing in the Central SoMa neighborhood, new developers are still flocking to the upzoned neighborhood.

Housing affordability is improving this year in metro Denver, enough to give buyers a little bit more breathing room in terms of the income they need to show lenders, according to a study from Canadian real estate brokerage Zoocasa.

Zoocasa estimates that someone buying a home at the median price in metro Denver of $370,000 in April would need $64,284 in income to qualify for a mortgage, assuming a 20 percent down payment and an interest rate of 4.5 percent on a 30-year loan.

A study in March based on year-end numbers showed the median home price at $375,000 in metro Denver required a household income of $65,148 to qualify for a 30-year loan.

“Overall affordability for homebuyers has improved slightly in Denver between December 2018 and April 2019,” said Penelope Graham, a managing editor at Zoocasa.

Buyers of a median-priced home in Denver needed $864 less in income to qualify in April than they did in December. While that isn’t a big drop, it does represent a shift after years of..

Plans have taken shape for the future of a former strip club and a nearby vacant lot on East Colfax after Denver officials picked two nonprofit firms to redevelop the properties and provide housing options for disadvantaged groups.

Once the site of a murder, the former PT’s II show club at 8315 E. Colfax Ave., is now slated for 83 income-restricted apartments. The apartments will be reserved for people making up to 80 percent of the area median income, with some reserved for people making 30 percent or under. (That’s $27,850 or less for a family of four over the course of a year, according to the city.) A ground floor space will be set aside for a high-quality early childhood education provider, according to plans from developer awardee Mercy Housing Mountain Plains.

A few blocks west, a vacant lot at 7900 E. Colfax that was once home to Ms C’s lesbian dive bar will become a supportive housing project for people experiencing homelessness with room for 72 families. Some of the service..

Tenants looking at brand new apartment units in downtown Denver have the best chance of winning a break on the rent, while those in older suburban complexes may want to think twice before even asking the landlord for a discount.

“There is a ton of variance in concessions,” said David Pierce, a senior market analyst at the CoStar Group. “In parts of the metro area, you don’t see any concession and in some areas you see lots.”

Rent concessions are a sign that an apartment market is seeing supply outstrip demand. Four years ago, they were fairly rare in metro Denver, and then mostly limited to high-end units downtown. Concessions have become more widespread, but they remain absent or minimal in large swaths of the metro area.

The discount rate on apartment rents across metro Denver this year is running 1.5 percent, not much higher than the U.S. average of 1.4 percent, according to a study released Monday by Apartments.com using CoStar numbers.

Landlords in Denver, on average, are will..

A vacant former movie house in Denver’s Berkeley neighborhood inched closer to reopening as a concert hall and entertainment venue thanks to a city regulator’s recommendations.

Developer Ari Stutz, co-owner of the nearly century-old Yates Theater building at 4979 W. 44th Ave., went before city licensing authorities June 13 seeking a liquor license and cabaret license for the would-be venue. On Monday, Kimberley Chandler, an independent city hearing officer, recommended that Denver’s department of excise and licenses approve both requests.

Stutz made a case that “there is a need and desire” in the neighborhood for what the Yates Theater would bring, Chandler found. He also “made a good faith effort to address matters relating to possible nuisance issues” through an agreement struck with the Berkeley Regis United Neighbors organization, she wrote in her recommendation.

The theater inhabits a part of the city that is seeing rapid redevelopment and developer interest akin to what neighb..

Golfer Greg Norman’s Colorado ranch has just about everything a sportsman could want.

There’s seven lakes, the pristine fly-fishing waters of the White River, miles of horseback riding and hiking trails, a sporting clays course, a long range rifle course, and 8,350 acres of private elk and deer hunting.

And all you need is $50 million to call it home.

Surrounded by the White River National Forest, the 11,600-acre Seven Lakes Ranch located in the Meeker Valley is on the market three years after his wife, Kirsten, an interior designer, helped update the main lodge in 2016.

RELATED: Rocky Mountain High-priced home: John Denver’s 7,735-square-foot Aspen mansion going for $11 million

First constructed in 1993, the nine-bedroom lodge was originally used as a rental for company retreats prior to Norman’s purchase, according to Tatiana Ceresa of Compass.

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