Condos take root in Belmar
JE Dunn broke ground last week on condominiums in the heart of Belmar in Lakewood. Adjacent to Belmar Plaza, the 62 one- to three-bedroom condos are priced from $200,000 to $900,000 and range in size from 950 to 2,888 square feet. Standard features in the units, to be available in spring 2007, will include slab-granite countertops, hardwood flooring in the entry and kitchen, GE Profile appliances, and tile and marble flooring in the bathrooms. Opened in May 2004, Belmar is a 104-acre, mixed-use development at Wadsworth Boulevard and West Alameda Avenue.
Stapleton brownstones offered
Presales of The Denver Brownstones at Central Park at Stapleton are starting soon. The Brownstones, designed by Godden/Sudik Architects of Centennial and interior design firm Amirob & Associates of Denver, range from 3,500 to 3,650 square feet with pricing from $800,000. Home plans include 14-foot ceilings, double French doors in the living room opening onto an outdoor terrace, a formal dining room and numerous art niches and plant shelves. Homes feature an elevator, roof terrace, rear terrace and three-car garage. Residents will have views of the 80-acre Central Park, opening next year. For more information: www.denverbrownstones.com.
Five firms unite on north Front Range
Five northern Colorado Prudential Real Estate companies are joining to create one resource for buying and selling real estate along the northern Front Range. Boulder Realtors of Boulder, LTM Realtors of Longmont, Prime Properties of Fort Collins and Greeley, Warnock Realty Co. of Loveland and Team Realty of Estes Park are now one company called Prudential Rocky Mountain Realtors, headed by managing broker Steve Engelking. The five offices will stay in the current locations, and managers have plans to add 15 more in the next five years for a total of 400 Prudential agents serving buyers and sellers along the northern Front Range.
Mortgage rates highest since late December
National rates on 30-year mortgages edged up for a third straight week, rising to the highest level since late December. Freddie Mac reported Thursday that the average 30-year mortgage rate rose to 6.24 percent, up from 6.23 percent the week before. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 4.60 percent. The Cost of Funds Index for December from the Federal Home Loan Bank (11th District) was 3.296 percent.
