What can you get for a million dollars in Denver?

What does a million dollars get you in the Denver real estate market? 

Prices have been rising rapidly in Denver since 2013 and multiple offer situations seem to be the rule–not the exception. But when you’re looking for homes around $1,0000,000, do you get any relief? 

Yes and no.  There are less buyers out there who can afford million dollar properties, so there is less competition for these homes–but there are also less homes listed in this price range.  As a result, it is still a competitive marketplace for million dollar buyers.  Some listings go quickly–while some sit on the market for quite some time. In some neighborhoods, a million dollars is three times the average sale price, in others it is below the minimum to get into the neighborhood.

Below are five homes that were recently listed for around one million dollars in Denver, Colorado that we saw in person on behalf of our buyers looking in this price range. You can see how long each of them have been/were listed, their list price, and whether they had gone under contract at the time of this post. For more information on these properties and for all of your real estate needs, visit www.schlichterteam.com!

3510 Lipan St.

This luxury 3 bedroom, 4 bathroom 2,423 sq. ft. half-duplex in LoHi is newly built and has never been lived in.  The kitchen is a showstopper with its large waterfall island, double size refrigerator and separate double size freezer, and you’ll love all of the beautiful finishes throughout.  You’ll just have to be OK with hearing highway noise from I-25 on your private rooftop.

Current list price: $975,000

Original list price: $1,000,000

Original list date: 2/20/19

Under contract date: (Still active at the time of this post.)

1033 Clarkson St.

This beautiful turn-of-the-century (literally–it was built in 1900) 5 bedroom/3 bathroom 3,856 sq. ft. Denver Square is full of character that buyers will appreciate like original unpainted wood trim, stained and leaded glass windows, fireplaces, and a beautiful dining room built-in hutch. In addition to the character of the home home, you’ll enjoy being walking distance to downtown, multiple grocery stores, and many amazing restaurants!

Current list price: $995,000

Original list price: $1,050,000

Original list date: 4/11/19

Under contract date: (Still active at the time of this post.)

956 S. Elizabeth St.

Nestled in the heart of the charming Bonnie Brae neighborhood, this 3 bedroom/3 bathroom 3,188 sq. ft. house is beautifully updated and very well maintained.  Buyers would love afternoon dinners under the pergola in the back yard, morning coffee from the balcony of the master suite, and the quiet location in the center of Bonnie Brae!

List price when under contract: $998,000

Original list price: $1,100,000

Original list date: 3/31/19

Under contract date: 5/10/19

4567 W. Moncrieff Pl.

Most of the houses in the Highlands are approximately 100 years old, but this pristine 4 bedroom/4 bathroom 3,425 sq. ft. house was built in 2005 and has had just once set of owners.  Buyers would love the beautiful interior and the location–it is walking distance to all of the amazing shops and restaurants on Tennyson St!

List price when under contract: $1,025,000

Original list price: $1,075,000

Original list date: 4/26/19

Under contract date: 5/10/19

1229 Saint Paul St.

This 4 bedroom/4 bathroom 2,823 sq. ft. Denver Square is on a quiet block in Denver’s Congress Park neighborhood.  It features many classic elements for homes of this vintage, including beautiful original hardwood floors, stained glass, bay windows, and an original staircase.  Want a relaxing space?  The 5-piece master bathroom features a soaking tub, and the back yard features a charming pergola and hot tub. The house is walking distance to the shops and restaurants on 12th Ave. for when you work up an appetite!

List price when under contract: $900,000

Original list price: $950,000

Original list date: 4/12/19

Under contract date: 5/12/19

For more information on any of these properties and for all of your real estate needs, visit www.schlichterteam.com!

 

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