Come see this amazing, new home in Colorado (Fremont County)! Located in the quaint town of Florence, CO, this ranch style home at 120 Rose Drive will be open this weekend, Saturday April 20th, from 10:00AM – 3:00PM. Be one of the first to see the beautiful finishes and fixtures throughout the home. Amenities include hardwood flooring, vaulted ceilings, granite countertops, stainless steel appliances, and much more. All located within walking distance of downtown Florence, CO the Antique Capital Of Colorado!
Florence CO real estate
Colorado real estate is diverse and unique, and the options are endless when you’re looking for an investment, primary residence, commercial property or even vacant land. Take a look at these unique Colorado properties that all have a unique real estate history and future.
Mobile Home Park Restored to Mid-Century Glory
In the small town of Canon City, CO you’ll find the magnificent results of creativity in real estate. The Rosedale mobile home park sits on about 0.70 acres and includes 5 mobile homes, but there’s a twist.
Remember the Sears catalog colors like mint green, sea-foam, and cherry pink that often inspired the decor throughout homes? These popular mid-century colors were used in bathroom sinks, toilets, bathtubs, countertops, and even exterior house paint.
This creative owner decided to purchase used mobile homes and renovate them to their former mid-century glory. He purposefully uses as many original period pieces as possible, from countertops to wood paneling on the interior walls. Even the decor and furniture matches the era. The team of renovators (including the owner) have made the old feel new again.
Plus, his business plan was obviously successful, with extremely high occupancy of renters. From traveling nurses to VRBO and AirBnB guests, many have enjoyed this creative twist on retro. And the vintage theme fits right in to its surroundings, ironically located right next to the Antique Capital of Colorado.
The property is currently available for sale, including all 5 mobile homes and the land for less than $400,000: https://www.peakdream.com/homes-for-sale-details/1535-ROSEDALE-LANE-CANON-CITY-CO-81212/56853/468/
Antique Store with Living Options, Retail Space, and More
In the Central Historic Business District in Downtown Florence, CO the old Vendetti’s Building has housed many businesses over the years dating back to 1922 when it was built. Currently, the multi-use building is home to Salvage, Antiques, Vintage, Etc., one of the favorite antique stores along Main Street (State Hightway 115). Now, the owner is ready to sell, providing a huge opportunity for the right buyer.
First of all, let’s look at a real estate term: Mixed Use Building. This means the zoning has been labeled as a live/work space and is available both as a commercial property, but also with the option of adding the residential element. Whether you’re planning on continuing to run the antique business, or using the space for your own purposes, there are multiple advantages and features on this property that make it very flexible.
The front retail space includes large windows, two separate shop spaces, and private parking immediately in front of the store. Plus, there’s a small adjacent lot that is vacant and ready for creative ideas, additional buildings, etc. which is also included real estate.
Also, in front is a garage door which leads into the large warehouse space in the back of the building. This enormous space (which can also be accessed by a rear garage door loading area) includes 2-story tall ceilings, plus an unfinished loft space which could be a potential residential living space after converted.
Best of all, the location is key in the gorgeous town of Florence, CO the Antique Capital of Colorado. The bustling downtown includes excellent restaurants and shops, and recreation is just around the corner on the Arkansas River, Pathfinder Park, and other amenities. Tourist often pass through to shop, or en route to major attractions like Royal Gorge Bride and Park.
This Colorado property is currently for sale under $400,000. More details and property photos are available at https://www.peakdream.com/homes-for-sale-details/208-W-MAIN-STREET-FLORENCE-CO-81226/60153/468/
Are These Mortgage Interest Rates Low?
Mortgage interest rates are at historic lows, despite the slight climb in 2018. Although we’ve seen rates increase a bit over the past year, this chart is a reminder of how spoiled homebuyers have been, especially over the last few years. In the last quarter of 2018, we’ve seen rates gradually increase 2 to 3 tenths of a point each month. Even with the rates increasing more than 1 point during calendar year of 2018, be thankful that you are not paying the 18% or more that buyers were burdened with around the early 1980’s.
Is It Better To Wait Until Rates Go Down Again?
Also, it’s important to look at the trend for the last five years. Although there are some ups and downs, rates are gradually increasing. It’s a great time to talk to your favorite real estate agent about purchasing a home. Whether you are a Springs transferred military buyer considering using your VA benefits or a first-time buyer looking to get a conventional 30-year or 15-year loan, the past 5 years have shown us overall that the more time that passes, the more you will pay for the loan. Right now, people who were thinking of buying a home 5 years ago are kicking themselves for not taking advantage of those low rates. Thankfully, they still have the option of homeownership with the advantage of securing some of the lowest interest rates over the last 45 years.
What If Interest Rates Go Back Up?
Talk to your agent and mortgage broker about locking in your rate so you secure the lowest possible mortgage interest rate without fear of it increasing during your contract period. We know this stuff can be confusing, but that’s why we’re here: to provide direction, advice and even professional hand holding for your next real estate transaction.
These enticing rates along with home sales slowing in the last quarter provide the perfect recipe for buying a home, condo, or townhome.
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Florence, Colorado (located just southwest of Colorado Springs in eastern Fremont County) is one of the best kept secrets in the state. The mild climate and location along the Arkansas River are just a few of the selling points for this quaint community, not to mention unique restaurants and community events in what’s referred to as the Antique Capital of Colorado.
If you’re just visiting Florence for the day, we’ve provided some ideal stops to make your trip memorable:
Antique and Thrift Stores
You can’t come to Florence, CO without at least window shopping at the dozens of antique stores which line main street. Take a trip down memory lane as you wander through these local independent shops and galleries. Shops provide everything from your favorite antique toys you grew up playing with, to reclaimed wood, turn of the century furniture, and fixtures to decorate your home. Plan a few hours to stroll down main street and enjoy – there’s even a gallery with wine tasting!
Enjoy the Outdoors
Florence River Park and Pathfinder Regional Park are a few community favorites, with trails and open space as well as access points to the popular Arkansas River. Fish, float the river, or just enjoy meandering down the trails on bike or foot. Golfing is also available just outside of downtown Florence, at the affordable Sumo Golf Village complete with views of the Sangre De Cristo Mountains while you enjoy a round of golf.
Dine on Main
Mixed in with the historic shops and galleries are a plethora of restaurants with one-of-a-kind dining experiences. Ito Japanese Steak House is a community favorite and they have recently expanded their space to keep up with the demand from locals and tourist hankering for sushi, Thai food, and ramen bowls just to mention a few menu items. Additional, local pizza at Papa’s Restaurant or the memorable Quincy’s Steakhouse, which offers prime rib Friday through Sunday, and filet mignon the rest of the week. Local foodies are already raving about the newest restaurant to main street, Turmeric Indian and Nepalese Restaurant. If you’re not ready for a full meal, grab a coffee and pastry at Pour House Coffee Shop or grab a beer at Florence Brewing Company, just 1 block up Pikes Peak Avenue from downtown.
Royal Gorge Bridge and Park
Just 20 minutes outside of Florence is the larger community of Canon City, where the Royal Gorge Bridge and Park attracts thousands of tourist every year. Whether you just go to see the highest suspension bridge in Colorado, or are looking for more of a thrill on their Cloudscraper Zip Line, there’s something for every age and level of engagement.
With an elevation of 5187 feet above sea level, the climate in the Florence area tends to be warmer than larger surrounding cities like Colorado Springs. Perfect for exploring, shopping and loving the Colorado life! Whether you are a local or a tourist, you’ll have a great time exploring this unforgettable Colorado city.
For more community information, tips, and options please contact us or visit the Florence Chamber of Commerce website.
Horseback riders and owners love the Colorado climate, which provides plenty of time during all four seasons to explore the Colorado mountains and plains on horseback. Horse owners are drawn to the endless trails and open space areas, plus the surrounding amenities and services for their beloved animals.
Just as important as recreational opportunities with horses is the need for affordable and adequate accommodations at home. Take a look at these exceptional horse properties, providing great spaces for everyone from equine to human.
More than 20 acres with a perimeter fence, this property in Fremont County includes: a nearly 2300 square foot home; detached 3 car garage and workshop; Cleary barn; horse barn with stalls; paddock; large chicken coop and shed; well. Great location with plenty of acreage to add more amenities or outbuildings, plus easy access to the Antique Capital of Colorado (Florence, CO), Canon City, or even Fort Carson Army Base. Enjoy mountain views of the Sangre De Cristo and Wet Mountains and privacy at your home on the range. Listed by Sylvia Jennings
40 acre ranch for less than $80,000! Property feels private and secluded, yet just minutes from downtown Florence, CO. With electricity at the property line and local services close by, it’s time to start designing your perfect house and pick the build site. Enjoy the beautiful mountain views and the warm moderate climate of sunny Fremont County. Plenty of amenities nearby, including Sumo Golf Village and outdoor recreation along the Arkansas River. Listed by Sylvia Jennings
An incredibly unique piece of property, located in Florence just 6 blocks from Main Street! The six bundled parcels make up 22 acres of land running along and crossing and Arkansas River! Zoned commercial and agricultural, this Colorado property has endless options and already includes a large metal building (5,760 square feet inside) with 3 garage doors, office area, and loft. Other existing structures include a pole barn and an secondary barn. Whether you’re an entrepreneur looking for a place to start a new business or a visionary wanting a barndominium, this lot provides a great backbone to start your adventure. In addition to the great location and unique terrain, the property includes 21 water shares from the Union Ditch. Listed by Wayne Jennings.
New homes are currently being built in Florence, CO (located in Fremont County just southwest of Colorado Springs). If you’re familiar with the Florence community, you probably know it’s hard to find new homes being built. Many of the homes in this area are historic, older homes especially within the city limits.
We want to change the housing trend because we know there’s a need and demand for affordable housing, including the recurring request for newer finishes and amenities. For instance, these new homes in Last Mile Estates are being built to include a large 3 car attached garage, granite countertops in the kitchen, hardwood flooring, fireplace, kitchen island, and much more. Even down to brand new stainless steel appliances in the kitchen, so there’s one less thing you have to worry about when you move into your new home.
And don’t worry, we’re not neglecting the other important finishes that buyers are desiring. For instance, the master bedroom has a 5-piece attached master bath ensuite, creating a private retreat and relaxing getaway.
Perhaps most importantly, these homes provide open-concept living with large flowing spaces and thoughtfully designed living areas. The vaulted ceilings add to the spacious feel and well-positioned walk outs to deck patios provide additional living space in the moderate Colorado temperatures.
These quality homes are tried and true ranch floor plans, built by an experience and long-time builder who noticed the need for affordable new homes in the Florence area. The one-level living is ideal for any situation and can easily be your forever home in Fremont County.
Take a look at these listings and know there are more coming! We would love to talk to you about the options, time frames, and features.
203 Junior Court, Florence, CO 81226
120 Rose Drive, Florence, CO 81226
With such a busy, seller’s real estate market right now in Southern Colorado, why would any under contract home “fall out of contract” and go back on the market? You’ve seen real estate agents advertise houses as “Back on the Market” or perhaps you thought you missed out on buying a home, then it’s suddenly active again when you’re searching the MLS. Many buyers ask questions like:
Is this something you should be worried about?
Why didn’t it sell the first time?
Is there something wrong with the house?
As you can see from the Notice to Terminate contract, the buyer has lots of reasons why they can terminate a contract. The seller also has flexibility after receiving certain information, but the seller doesn’t have nearly as many chances to “cancel the contract.” So, typically when we see a house go back on the market, it’s generated from the buyer’s side of the transaction, although sometimes not by the buyer’s choice.
There are a lot of reasons why this could happen and they’re hardly ever the same. Although, we tend to see 3 major categories that a canceled contract often falls into, which typically leads to the home going back on the market:
Home Inspection or Appraisal Issues (House problems)
Inspection and appraisal can be stressful events for both buyers and seller. The inspector could find a major problem with the home or even a minor problem which parties can’t agree who will pay to fix. As part of the inspection process, even before the day of inspection, the buyer has the right to investigate and research the home. This could lead to discoveries that may change the buyer’s name including: special taxing districts or fees the buyer wasn’t expecting; inability to get or dissatisfaction with future homeowners insurance; the home is in a flight pattern; the buyer doesn’t like the neighborhood; the history of the home makes the buyer uncomfortable (deaths/suicides, drug problems, rumors from neighbors, etc). Plus, if the home doesn’t appraise for the contracted value and the parties can’t agree on a selling price, the deal may die with the finalized appraisal.
These are just examples, but overall, we typically see a buyer cancel a contract before one of these deadlines. There are also additional deadlines, where the buyers have the chance to look through HOA documents, title paperwork and other information. Although these dates may vary from the inspection deadline, many of them overlap and happen simultaneously. While they can put a home back on the market for various reasons, inspection and appraisal problems are the most common.
Buyer Financing and Loan Approval (Buyer Problems)
Although the buyer may be qualified to purchase the home when they go under contract, things can change. For instance: if they buyer loses a job or another stream of income; if the buyer suddenly makes a large purchase while under contract; if the purchase of the new home was contingent on the buyer selling his current house and the sale falls through or if the buyers suddenly receive or learn of a judgement against them.
Plus, anytime there’s a loan involved, the process can be complicated, especially depending on the type of financing. Even a conventional home loan can get flagged near the last few days in underwriting. That’s why it’s important to do your research on the lender – as a buyer, it will keep you from spending unnecessary money and headaches and as a seller, it will help decrease the likelihood of having to put your house back on the market.
Buyers simply change their minds (Buyer Decisions)
Just when you think you’ve seen everything, another creative reason comes along. From suspicions of a house being haunted, to the overwhelming problem of not being able to match the paint colors (yeah, that’s a real one), there are a million reasons a buyer may back out of a contract.
Other real-life reasons include (these were collected from agents around the country):
- Buyer went to jail
- God told them to not buy
- The house had bad feng shui
- Buyer passed away while under contract
- Ex-wife lived across the street
- Buyer saw a mouse in the house
- Strange statues in the neighbors yard
- Buyers (a couple) decided to get a divorce
- There was a bad omen
- Their lifecoach said it wasn’t in sync with their souls
You can always ask for previous inspection reports or reasons, but the main point here is that just because a house goes back on the market doesn’t mean there’s something wrong with the house itself. Sometimes the listing agent will disclose why they’re back to active status in the MLS, and sometimes they won’t get into too much detail. Unless there is a material defect that was uncovered, they are really not required to give you the details and a smart agent will determine what information to release and still best represent their client.
If you’re interested in a home that’s come back on the market, have your favorite real estate agent check-in with the listing agent to gather additional information that could give you the upper-hand when making your offer!
The large property is 3.26 acres and includes a fenced perimeter, existing 42′ x 60′ barn and shop, 240 feet of private riverfront access, and plenty of room to build your dream home. In fact, the land has already been surveyed and there is an approved building permit for a residence. The options are unlimited, from converting the existing barn into a barndominium, parking for an RV or tiny home, or executing plans to build a single family home.
Despite all those factors, there are some very specific things that make this home site even more unique. First of all, there are existing water rights that come with the property, plus additional irrigation ditch rights available. This is nearly unheard of to have water rights deeded with a property and as many experts say, “water is the new GOLD!”
Also, the location of this property couldn’t be better. You have the beauty of the mountains, the recreation of the river, and the privacy of the lot, all in a convenient location. The property is 2 miles from the heart of Florence, where you will find dozens of antique and collectible stores, plus some amazing restaurants including Ito’s Japanese Sushi Steakhouse and Thai, Quincy’s Steakhouse, Papa’s Italian Restaurant, and Steele Smokin’ BBQ. Or keep going another 20 minutes for a wider variety of services and shops in Canon City, Colorado. Plus, you can head the other direction to easily jump on Highway 50 or enjoy the quick 40-minute commute to Colorado Springs. You’re going to love the location, location, location.
For more information on this property or with help finding other options, contact the listing agent Sylvia Jennings.
This fall season may be a great time to sell your home at top dollar. Throughout southern Colorado, there’s a new surge of home buying activity as 2017 sets new records for home sales. The PeakDream agents are as busy now as we were in the summer. A large percentage of the activity is with buyers under the age of 35, who are moving here from all over the country with well-paying jobs.
The Pikes Peak Association of REALTORS reports the average home price is just shy of $320,000 – almost $25,000 higher than last year (see PPAR market trends). The median sale price increased just as much, from $255,625 to $280,538. Local single family home sales totaled 1,431 in October, a 13% increase over 2016, outpacing the number sold in June of 2015, which was also a record year.
There are 1,938 homes available for sale and over 1,700 pending sales. We have a 1.4 month supply, according to the PPAR, meaning that in many neighborhoods, most homes are selling in a few weeks. As we’ve indicated for the past few years, buyers need to be ready to move quickly on an attractive home when it hits the market, and be prepared to pay full list price, or more.
The condo and townhome market is off the charts, a trend we’ve been following all year, mostly due to the lack of starter homes at affordable prices.
And the market momentum is pushing further south into Pueblo and Fremont Counties, where home prices are comparatively lower but have also been rising fast. You can find Canon City homes and Pueblo homes for sale on our website search tool, where we feature listings throughout southern Colorado.
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1535 Rosedale Lane Canon City CO 81212 is one of the most unique listings our office has acquired in quite a while. The owner of The Rosedale Vintage Mobile Home Park had a creative vision to update mid-century mobile homes in this historic mobile home park between Canon City and Florence, CO.
Nearly ever aspect of these five homes have been restored and decorated with authentic, vintage collectibles. Not on did they restore the flooring, fixtures, appliances, plumbing, electrical and heating, but they took the next step in furnishing these tiny homes with decor that makes you feel right at home – in the 60’s! Each home has a color-theme, all with a different feel and vibe inside. The outside has many special touches as well, including a newly-built fence made of re-purposed wood and mature trees for a relaxing environment.
Plus, you couldn’t ask for a more ideal location in Colorado. Canon City is the most populous municipality in Freemont County so there are plenty of restaurants, services, and shopping close by to The Rosedale. It is also surrounded by quaint communities like the city of Florence, CO (known as the antique capital of Colorado) and top tourist attractions such as the Royal Gorge Bridge and Park. And you’ll be in the heart of Colorado living, with plenty of mountains to hike, trails to bike, and the Arkansas River for whitewater rafting.
But past all the good vibes, chill spaces and great location is some real money. These five mobile homes are constantly being rented to both long-term tenants and used as short-term rentals through popular websites like AirBnB and Vacation Rentals By Owner (VRBO). The current owner even has some partnerships with national staffing companies placing tenants at this location and is currently earning $1150 per month for one of the units. You’ll also be pleasantly surprised by the low property taxes: just $252 for the year which is for the entire property (five mobile homes, So, if you’re an investor looking for a property in Colorado with great cash flow and income potential, this might be exactly where you need to grab a drink, lay back in the hammock, and enjoy your investment.
This entire complex is all being sold together, which includes all 5 mid-century furnished homes and the land. We think you’ll be pretty amazed at the price this is listed for – click here for pricing and additional information
or contact your Florence Colorado Realtor.