Sedalia sale biggest of the year

Sedalia sale biggest of the year

Highlights:

  • Sedalia ranch fetches $2.85 million.
  • Ranch sale, closed in late 2014, was biggest last year in Sedalia.
  • Sedalia isn’t as hot as Denver area, but still is less than 20 minutes from the DTC.

An aerial view of the Klein Ranch in Sedalia that just sold for $2.85 million.

A 95-acre historic ranch in Sedalia sold last week for $2.85 million.

The Klein Ranch, home to the first Post Office in Douglas County, which doubled as a Pony Express station, marked by far the largest sale in 2014 in that rural community, both in price and size.

“Only three properties sold for more than 50 acres in Sedalia last year and this was one of them,” said Jayne Cordes, the listing broker from Coldwell Banker Residential Brokerage Southeast Metro DTC.

There are only two larger properties currently for sale in Sedalia, according to COhomefinder.com.

COhomefinder.com describes Sedalia as a “cool market” with a 9.1-month supply of unsold homes.

By comparison, the overall Denver market has record-low inventory numbers and less than a two-month supply of homes.

Even though the Klein Ranch at 3450 Big Bear Drive is only 16 minutes from the Denver Tech Center, it took a long-time to sell.

And the sale is not a sign that the Sedalia market is poised to become red-hot with the multiple offers experienced by those selling in Denver-area neighborhoods.

“It was a long time coming,” Cordes said about the sale. “I had it listed for almost two years.”

The views on the Klein Ranch in Sedalia are to die for.

It was initially listed at $3.5 million. The price had been lowered to $3.3 million prior to the sale.

Before she had a listing for the Sedalia spread — which sports panoramic views of Front Range mountains, a 17-foot deep pond stocked with bass, bluegill and catfish, as well as a 6,931-square-foot 5-bedroom, 5-bathroom home — another broker had it on the market for $3.5 million. While the home had high-end finishes, it also incorporated into it a house initially built in the 1890s by the James family, Cordes said.

The property also includes an eight-stall barn, where the Kleins kept their horses. They renovated the original barn into luxury stables that include a new tack room, office suite and an open loft for entertaining.

The James family arrived on the property from the East Coast in a Conestoga wagon, she said.

And Terry and Cami Klein restored the original 1864 homestead, which is a mere 100 feet from the custom walk-out ranch on the property.

The Kleins purchased it in 2005 and sold it with plans to move to a smaller property in Franktown.

The buyer was from Florida.

“It was truly a lifestyle decision,” Cordes said.

“He wanted a place where he could raise his family and have plenty of space,” Cordes said.

While it sold for about 13.6 percent less than the most recent asking price, it was a textbook good deal for both sides, according to Cordes.

The deep pond at this Sedalia spread is stocked with fish.

“The best deals are when the buyer and seller walk away from the closing table happy,” Cordes said.

“The buyer thinks he got a good deal and the seller, while may not getting exactly the price they hoped for, it still met their needs. And they were realistic about market conditions.”

Several factors have made big spreads in the wide-open spaces less of a draw than in past years, when people wanted the peace and quiet of rural living.

“Part of it, is that people who can afford these kind of ranches would rather buy in California, or Florida for that matter,” despite the buyer coming from the Sunshine State.

“I think a lot of people who can afford a big ranch don’t want to spend a Colorado winter on it,” Cordes said.

Also, the type of bank loans for spec custom homes in rural areas just aren’t available for builders the way they were in the 1980s and even before the Great Recession, she said.

Cordes knows that first had, as she and her sister own lots in Banbury Cross, a gated, custom-home community in Douglas County.

“Banbury Cross is just a wonderful community with so much energy it is unbelievable,” Cordes said.

 

Terry and Cami Klein restored the original baron on their Sedalia property into a luxury, 8-stall barn for their horses.

“But while the overall Denver market is recovering incredibly fast, these areas on the outskirts of the metro area have not enjoyed that type of recovery from the horrible market of 2008.”

Instead of building custom homes on big homes, builders are much more likely to build and quickly sell homes in inner-city neighborhoods such as Washington Park, Observatory Park, Berkley, or Sloan’s Lake.

Well-heeled buyers also are more likely to buy a downtown condo for the same price or more than they would pay for a ranch at the edge of the metro area.

“I think it is a generational thing,” Cordes said. “Younger people, especially, who are very tech-savvy, want the downtown scene with all of that urban excitement.”

But for someone looking for true rural Colorado living, yet still a short commute from the offices and shopping along the southeast Interstate 25 corridor, places like Sedalia can’t be beat, according to Cordes.

“Honestly, I don’t think the Sedalia-area market is going to get any worse. I do think it is going to make a comeback. I really do,” she said

“After all, they are not building any more land. Hopefully, builders will start building out in the Sedalia area again, giving people more custom choices. And you can’t really put a price on Colorado’s history.”

Interested in buying a home in Sedalia? Please visit COhomefinder.com to learn what is available.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee Co. and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 


A Property is Sold as…What does that mean to you?

Maybe just the ticket for Home buyers to get a lot of house for the money.  Some Sellers just aren’t in the position to make repairs to a home that may come up on an Inspection Objection.  Instead of having to be faced with a long list of repairs, the Sellers may just offer the home at a reduced price anticipating some items that need to be repaired.  Homes that are in foreclosure, a Hud owned home or a home in probate may be listed that way as well as the Sellers don’t have an idea of what the condition is.

Home buyers should consider a  “sold as is” home if there are repairs that they can live with than can be done over time like cosmetic repairs or the repairs that have to be done still make that home an attractive purchase.  An inspection will reveal the status of the major components of the home and buyers then will have to make a decision on the cost of any of those major repairs versus the purchase price they are getting the home for.  Home buyers have the right to cancel the contract if the inspection shows defects that are above and beyond what the home buyer is willing to take on or the cost of the necessary repairs.

After an inspection that hasn’t gone well, there may be a chance of continued negotiations with the Sellers as they are now aware of defects arising from that inspection and have to disclose to another potential buyer.  The Sellers are not obligated in any way to make these repairs or give buyers a further reduction in sales price, but there is always that possibility depending on if the Seller thinks he can continue to favorably market the home at the asking price.

Bottom line is “Sold As Is” can be a really good deal in  some cases or ones to walk away from in others.

 

 

 


Sedalia Colorado….a very cool place to live

With its deep rooted history established around the 1860’s….you can refer to the this area in Northwest Douglas County as a little jewel.  Only a stones through from metropolitan Denver, homebuyers who are seeking some gorgeous vistas and room to roam, this is an ideal place to call home.  Visitors will notice some  large historical land parcels, acreage home developments and pockets of small residential developments around the Santa Fe corridor, Highway 105/Plum Creek Parkway and Highway 67.

Some of the prettiest vistas in the area can be found here and is accessed primarily from C-470 south on Santa Fe(Highway 85).  The growth of  the Sedalia area, road expansions and the lite rail station at Mineral and Santa Fe, makes this a very popular choice for those wanting a city close, country feel paradise to call home.

 

 

 


Ranch For Sale Near Denver, Historic

In 1864, when General Larimer’s settlers had been in Denver for less than five years, the James family built a cabin above Plum Creek along the scenic road between Denver and Colorado Springs. In following years, it became the original post office/Pony Express station for Douglas County. The cabin was vacated in 1896, as the owners built a new two-bedroom house a short walk to the north.

Neither structure had much chance of surviving the next hundred years, as the rolling countryside of Sedalia became prime ground for custom estates – but amazingly, both have.

Today, Klein Ranch in Douglas Valley is a truly exceptional equestrian ranch. On over 95 scenic acres, the historic property features the original and restored 1860s homestead and post office/pony express station. It’s a unique property with a colorful history and extraordinary beauty.

The ranch’s five-bedroom, six-bath main house is nearly 6,400 square feet of luxuriously appointed living space. As you step into the home, the cathedral ceiling in the living room beckons, as well as the spectacular views out the windows and doors to the back deck overlooking the landscaped backyard and the mountain views to the west.

The gourmet kitchen, with breakfast bar and slab granite countertops throughout, is ideal for both large-scale cooking and intimate family gatherings, while the wonderful dining room is large enough to entertain many guest

The master bedroom suite is a comfortable retreat with a coffered ceiling, gas fireplace with surrounding stone and French doors leading to an outside deck.

The home has been meticulously updated, yet there are several nods to its history, including the charming parlor in the original part of the home with an antique wood stove.

Outside, across the sprawling property with magnificent views of the Plum Creek Valley, sits four expansive turnout pastures and an outdoor riding area. The immaculate barn features eight stalls and rubber flooring, tack room, wash bays and an impressive, finished second story loft. A separate heated workshop and two stocked ponds, complete the property.

The Klein Ranch is listed by Jayne A. Cordes of Coldwell Banker Residential Brokerage, DTC. Contact 720-936-6691

 

By Gina Uriarte|August 12th, 2014|Colorado Living, Extraordinary Home, Featured, Homepage Slider, Luxury

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Colorado Land For Sale-Denver

As the old expression goes, they don’t make land anymore. That is why I am so pleased to be involved in one of the most desirable land parcels minutes to Denver. Banbury Cross is one of the last privately owned properties this close to the Denver mainstream. Those that desire easy access to all of Denver metropolitan Denver and minutes to the lite rail station, will have to look no further than Banbury Cross. This community of only 8 home sites offers a private, picturesque paradise.

The sites range from 14 to 21 acres and only eight homeowners will be lucky to call Banbury Cross home. 5 of the 8 home sites are available and prices range from the mid $300’s to the high $500’s. The property is zoned agricultural, allows for equestrian use and a myriad of lifestyles that a homeowner can make uniquely their own.

Nestled between a small foothill and the water lands of Plum Creek, it is secured by a private gated entrance, has paved roads and electricity to the sites. It is simply a beautiful, peaceful neighborhood.

Homeowners are not restricted to build within a time frame and may bring their own custom home builder. The remaining sites are contiguous so can be additionally purchased in a bulk sale.

For more information visit www.banburycross-farm.com.


Acreage Property and Geothermal Heating and Cooling

What happens when you purchase a property without natural gas?  What are your alternatives?  Although the use of propane in either underground or above ground tanks can be used, please consider the high costs of this energy.  I would highly recommend that homebuyers of acreage property explore Geothermal Heating and Cooling systems.

The ground absorbs about  half of the solar energy our planet receives.  The earth is a consistent temperature just below the surface about 365 days a year.
Geothermal heating and cooling systems take advantage of consistent temperature underground using a piping system referred to as a “loop.”   Water circulates in the loop to exchange heat between your home, the ground source heat pump, and the earth, providing heating, cooling, and hot water at a huge cost savings.

The Georthermal heating and cooling components look very much like a traditional furnace.  Gaining in popularity, you can see this energy used in large residential homes as well as commercial facilities. The perfect application for it is on acreage ground with electricity and no natural gas.

Although initially the expense for a geothermal system is higher, the efficiency and costs savings over the long run are substantial. This green energy is readily available through companies in the Denver metropolitan area.