“We were basically just knocking on doors and calling people in the area, and we called the lady who owned this lot,” said Truman, who bought land for a 20th Avenue project in Sloan’s Lake last year for $1.1 million. “You strike out most times, but she was actually in the market to sell soon.”
Residential Real Estate
One of the few Denver apartment buildings constructed during the recession sold last week for $40 million.
Plans include four townhomes that David Burcham estimated would be four stories and include rooftop decks. He estimates they’ll range from 1,800 to 2,200 square feet, and prices would come in between $850,000 and $1.2 million.
A real estate company with a home base in Cherry Creek has filed bankruptcy on behalf of a recent acquisition in California.
Six buildings along Sherman St. in Capitol Hill that make up Poet’s Row sold this week for $33.5 million.
The cable world’s John Saeman is selling a three-bedroom Cheery Creek condo with all the luxuries.
Broncos linebacker DeMarcus Ware sold his Cherry Creek brownstone to Nuggets forward Wilson Chandler for $1.6 million on May 12, according to Denver property records. That’s $220,000 more than Ware paid for the three-story home in 2014.
15,000-square-foot house sells for $6.7M; Cherry Hills Village site was No. 2 at $4.2M
“If someone wanted to come in and build five or 10 homes and maintain that equestrian lifestyle, we’re super open to them,” said the broker. “But it would be tragic to see it become a high-density development.”
Cherry Hills Village has regained its perch as king of the hill: topping the list of the highest-priced homes rankings for March with a French country-style house selling for $5.3 million last month.