Jan 10

Colorado Springs Colorado, Pinon Valley Homes

Northwest Colorado Springs Colorado real estate extends through some beautiful country near the base of one of the most famous American mountains, Pikes Peak, at the eastern edge of the southern Rocky Mountains.  Bordered by Interstate 25 and the Pike National Forest, the Air Force Academy and U.S. Highway 24, the sought-after locale includes Cedar Heights, Discovery, Mountain Shadows, Peregrine, Pinecliff, and Rockrimmon—where Colorado Springs CO real estate meets the wilderness of the Front Range.  Colorado Springs sits over one mile above sea level, though this area of the city is significantly higher.

Ask about available Colorado Springs Colorado homes in Pinion Valley neighborhoods at Popes Bluff, Pinion Glenn, Green Valley Ranch, Shadow Valley, and Territory Trail.  The new mixed-use development at Tuscan Foothill Village completes most of the Mountain Shadows real estate along Centennial Boulevard.  Located southwest of Chuckwagon Road, this new-home community in northwest Colorado Springs real estate calls for 62 single-family homes, 42 duplex units, 39 triplex units, and 21,000 square feet of commercial space.

The east side of Centennial Boulevard borders Ute Valley Park, the pride of the Colorado Springs park system.  With forested bluffs, scenic overlooks, slick rock, wetlands, and abundant wildlife, it is a convenient retreat for locals, great for picnics, walking dogs, and relaxing strolls.  Ute Valley also offers 2.5 miles of single track, 8 miles of mountain biking and hiking trails.  Holland Park borders Ute Valley Park and features North Douglas Creek Trail leading to Foothills Trail.

The rural community activities of the Pinion Valley neighbors including volunteerism to help at fun events such as the annual picnic, Jazz in the Park, and with projects such as the newsletter, website, serving on the board, local development, school issues and more.  The community sustains good-Samaritan activities such as restoring bicycles to give to hurricane victims.

Colorado Springs was selected as the No. 1 Best Big City in “Best Places to Live” by Money magazine in 2006.  It is the county seat and most populous city of El Paso County with approximately 400,000 residents.  Just a short 61 miles south of the Colorado State Capitol in Denver, residents enjoy a diverse array of employment options including an overwhelming number of military and government positions in the city and up the Front Range into the Denver metropolitan area.  Enjoying an interesting past and brief gold-rush flurry, the city has been a popular tourist destination for over a hundred years, boasting many fine healing spas and restaurants.

Jan 07

King’s Deer Community in Monument Colorado

If you like a country feel with all of the amenities of civilization, ask about real estate in King’s Deer Classic and Highlands subdivisions near Monument  in northern El Paso County.  Tucked away west of Interstate 25 along the foothills of Front Range of the Colorado Rocky Mountains, west of Colorado Springs’ homes, King’s Deer features the pure links of the world-class King’s Deer Golf Club along with its 1,800-acre community.

The community experiences the clear blue skies, meandering wildlife, and a great escape from urban life.  Located two and a half miles east of Monument, King’s Deer is 20 minutes from both downtown areas in Colorado Springs and Castle Rock and 30 minutes from the C-470 and I-25 roadways.

These country estate homes west of Colorado Springs CO real estate are just far enough away and close enough to be convenient and peaceful at the same time.  Featuring large 2.5-acre lots, about 340 of these upscale, rural homes west of Colorado Springs are sprinkled along a tranquil and private trail system.  Families enjoy 12 miles of walking and bicycling paths that traverse through the expansive community.  Stocked fishing ponds offer great picnic spots and the space to be away from it all.  Playgrounds are strategically placed as are the golfing greens that really extend the feeling of getting away.

The King’s Deer Golf Club brings the feel and design of the great Scottish courses to America.  Challenging shots of all types and varieties flow around open spaces, 200 acres of native rolling hills, and lush wetlands.  The views of Pikes Peak and the Rockies lift golfers to a surreal experience of awesome beauty.

Although the community took shape in the early 1990s, the King’s Deer Golf Club opened in 1999.  It quickly established itself as one of the best golf courses in the state.  Featuring the same designers as The Ridge at Castle Pines, Redstone Golf, the 18-hole championship layout has proven to be enjoyably difficult.  Accommodating golfers of all abilities, tee yardages range from 5,054 yards to 7,000 yards.

Additionally, the golf community features a wonderful clubhouse and restaurant, a golf shop, a putting and chipping area, a large elevated practice range, and state-of-the-art GPS yardage system on every golf cart—a great way to mix science and intuition to perfect the game.

The population of Monument is over 12,000 with a median income of $107,447.  Over 92 percent of homes are owned and the median home value is $345,000.  Students are served by the Lewis-Palmer School District 38.

For information on all available homes with similar qualities, contact Amy Lassen at amy@thelassenteam.com or call (719) 440-0013.

Dec 08

Six Month Real Estate Market Report for Contrails & Meadowridge.

Here is the market report for Meadow Ridge & Contrails from June 2010 to November 2010.

  • Number of Homes sold in Meadow Ridge & Contrails = 15
  • Average sold price in Meadow Ridge & Contrails = $196,671
  • Median sold price in Meadow Ridge & Contrails = $200,000
  • Homes sold for about 96.3% of their asking price.
  • Average days on the market* = 97

If you have any questions about the Real Estate Market or would like to find out how much your home is worth in today’s market feel free to give me a call! 719-440-0013

*Days on Market = How many days the home was actively for sale before the home sellers accepted an offer.

Jun 08

Why Do Basements in Colorado Springs Have Sump Pits?

Sump Pit Cover

Nearly all homes in Colorado Springs has a sump pit if not a sump pump in the basement. If the pump is there, either the builder or previous owner saw a need to provide a way to pump water out of the basement.  The general water table in Colorado Springs tends to be low, but there are areas where run off and drainage can be a problem. A sump pump is the solution. When water collects around the foundation of a house, either from poor drainage or heavy rain, it may find no where to go but your basement. If you have a sump pit, it is located at the low point of the drainage system for your foundation. The pump is probably submerged in the pit and has a float attached. It is designed to kick on if the water in the pit gets too high and pump the excess out into your yard beyond the foundation drain system.

Protect your real estate investment by maintaining your sump pump. Make sure the outlet pipe is not plugged and that it directs water away from the house. A sump pump is never to be connected to the basement floor drain or sewer. Putting storm water in the sewer can overload the public system and cause a back up for you or your neighbors.

Use a flashlight to check if the sump is clean and that the pump inlet is not plugged. Slowly pour about 5 gallons of water into the sump pit. Watch to see that the pump kicks on and discharges the water. Sump pumps don’t have filters, but they do have screens or small openings so check to see that they are not clogged. Over time, a pump can rust through. There are many qualified plumbers in Colorado Springs who can replace them for you. The last one I replaced cost a mere $200.

Jun 08

Has Colorado Springs’ Real Estate Bubble Burst?

Or is the sky falling? It’s so hard to tell. The Colorado Springs real estate market is definitely experiencing a correction that was due. Lower interest rates fueled a real estate buying bonanza in Colorado Springs in the last few years aided by the profits buyers brought from other, higher markets. But Colorado Springs never really reached bubble intensity. Our exuberant building and borrowing did not swell to bursting like it did in Las Vegas, much of California and Phoenix. Colorado Springs real estate is affected by those markets and enjoys (and suffers) a trickle-down effect. Colorado Springs is the little sister who accepts the hand-me-downs. Because our big sister markets could not sustain the profits and continue to send some our way, we could not sustain our rate of growth either.

At the beginning of 2008, Colorado Springs has about 7 months of inventory (that’s homes waiting to sell). In some areas the glut is higher. Many people have taken their homes off the market hoping for things to turn around. It will be a little while. But take heart: our market did not experience a 40% increase in 2006, so it didn’t see a 35% decrease in 2007. If you bought and had to sell in the last two year, I’m sorry. Lousy timing. The lesson to be learned is similar to the lessons of investing in stocks; don’t plan to pull your money out soon. Over any 10 year period, Colorado Springs real estate prices tend to plunk along and stay ahead of inflation.  If you’re not in a hurry, you will be fine. No need to watch for pieces of falling sky.