Edgewater, Colorado is one of those Denver neighborhoods that no one is talking about – yet! It is a small town just west of downtown Denver that has a lot of potential to grow in housing values in the next 5 years, which makes it very attractive for investors who are looking for houses in the Denver area to fix up and re-sell. Edgewater is also a Denver neighborhood that is attracting young home buyers who aren’t afraid of putting some work into a home that will become an investment for them in the future. Edgewater houses are full of potential.
The city of Edgewater, Colorado is bordered by Sheridan Blvd. on the east, 32nd Ave. on the north, Carr St. on the east and 6th Ave. on the south. It has a population of only 5,159 people and is only 4 miles to downtown Denver. You can get some fantastic views of the city lights at night and the city skyline in the day from the edge of Sloan Lake in Edgewater.
The average price of a home sold in Edgewater over the past twelve months is $184,205. In the past year, a total of 201 properties sold in an average of 115 days on the market. In comparison, a the average price of a home sold in Edgewater in 2010 was $190,128. A total of 224 properties sold in an average of 80 days on the market. All of this means that homes in Edgewater are currently priced lower than the previous year, and are taking an average of 35 days longer to sell. Unfortunate for the Edgewater home seller, but now is the time to buy a home in Edgewater.
Besides easy access to all the recreational activities at Sloan Lake, Edgewater residents enjoy an easy, quick commute to their jobs in downtown Denver or the Denver Tech Center. On a nice summer day, you could even bike to work! The 25th Avenue Shops at Edgewater provide several options for bars and restaurants to walk to after work, and cute boutiques to shop on a lazy Saturday afternoon. As the area develops further. look for this retail area to rival Tennyson St. in neighboring Berkeley, and Highland Square in Highland. The Edgewater Inn has been around for many years, but still attracts locals and visitors alike to dine in their restaurant.
With today’s low interest rates around 4% and as little as 3.5% of the price required for a down payment, you could own a home in Edgewater for $1,242 a month including taxes and insurance with a down payment of $6,300. This amount is equivalent to a monthly rental fee, and the equity in the home will be preserved – a deal for either a home buyer or an investor!
If you would like more details on homes for sale in Edgewater, Colorado, give Celia Sellers a call at 303-921-3199 or send an email to www.Sellers.Celia@gmail.com. I will gladly provide you with more information including a free list of the best deals, foreclosures and shorts sales currently available in Edgewater. Or go to my website at www.DenverNeighborhoodHomes.com to search properties in the area and receive daily updates automatically.