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New Listing! 3171 Poughkeepsie Drive in Soaring Eagles $349,900

Don’t miss this beautiful stucco home offering 4 spacious bedrooms and 3 baths. Lots of natural light and open floor plan. Main level master with attached bath and walk-in closet. Kitchen features granite countertops, tile backsplash, stainless appliances, island, breakfast bar, pantry, double oven, microwave, range top, and LED high efficiency lighting. Large living room with gas fireplace, 52″ flat screen TV mount, wired for 5.1 surround sound, and walk-out to a large deck for outdoor entertaining. Dining Room, laundry, and office/second bedroom complete the main level. Lower level includes a large recreation room/family room with gas fireplace, and walk-out to patio/backyard, two large bedrooms, full bath, and storage room/possible second laundry room. Backyard is fenced and has a designated garden. Two-car garage offers shelving, overhead storage, and workbench. Additional amenities of this home include central air, arched doorways, wood floors, ceiling fans, and humidifier. Well maintained home in a nice neighborhood! Close to schools, parks, and shopping. Easy access to Powers Corridor and Colorado Springs Airport. Backing to open space with no homes behind, this one won’t last long!

July 2018 Market Snapshot

The average sale prices of COS homes is up 7.5% compared to last year. This- and other helpful market facts- in our monthly local real estate trends infographic.

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New Listing! 2953 Cathedral Park View in Cathedral Ridge $925,000

This stunning home has it all! Beautiful two-story custom-built Mediterranean-style home in private, gated community with six bedrooms and seven bathrooms. Great curb appeal with Pikes Peak views. Step into the entry and the open floor plan offers spacious rooms with charm, quality, and natural light. Main level features scraped walnut flooring throughout the Great Room with expansive windows, vaulted ceilings, and double-sided fireplace; dining room; and gorgeous gourmet kitchen with stainless steel appliances, large pantry, granite slab countertops, tile backsplash, custom cherry cabinetry, sunny breakfast nook, large island with bar stool seating, and desk. Guest room with en suite bath, laundry with cabinetry, mudroom, and 1/2 bath complete the main level. Upper level has large master bedroom with attached 5-piece bath, double vanity, soaking tub, sitting area, large walk-in closet, and outstanding mountain views; a second bedroom with en suite bath and private balcony; and a third bedroom with en suite bath. Lower level features a family room with plenty of room for game tables, a sitting area, a media alcove; and two bedrooms with bathrooms. Special amenities of this home include a two-car attached garage plus additional separate one-car attached garage, tile roof, central air, two furnaces, security system, custom light fixtures, sprinkler system, hand troweled walls, arched doorways, plantation shutters, top of the line water filtration system, and a medical grade air filtration system. Within walking distance to the Garden of the Gods Club and Resort. This is a beautiful home in a thriving community – don’t let this one get away!

The Platinum Group – Market Snapshot 2017

 

FHFA Announces Maximum Conforming Loan Limits for 2018

 

FHFA Announces Maximum Conforming Loan Limits for 2018

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100

FOR IMMEDIATE RELEASE

11/28/2017

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.

Baseline limit

The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.  Earlier today, FHFA published its third quarter 2017 House Price Index (HPI) report, which includes estimates for the increase in the average U.S. home value over the last four quarters.  According to FHFA’s seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.  Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage.

High-cost area limits

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit the maximum loan limit will be higher than the baseline loan limit.  HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a “ceiling” on that limit of 150 percent of the baseline loan limit.  Median home values generally increased in high-cost areas in 2017, driving up the maximum loan limits in many areas.  The new ceiling loan limit for one-unit properties in most high-cost areas will be $679,650 — or 150 percent of $453,100.

Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands.  In these areas, the baseline loan limit will be $679,650 for one-unit properties, but loan limits may be higher in some specific locations.

As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2018 in all but 71 counties or county equivalents in the U.S.

Questions about the 2018 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov.

  • For a list of the 2018 maximum loan limits for all counties and county-equivalent areas in the U.S. click here.
  • For a map showing the 2018 maximum loan limits across the U.S. click here.
  • For a detailed description of the methodology used to determine the maximum loan limits in accordance with HERA, click here.

Thanksgiving Mailer 2017

 

New Listing! 7034 Silverwind Circle in Greenhaven $335,000

SOLD 12/14/17!

Located in desirable Greenhaven neighborhood, this beautiful two-story home is a perfect blend of charm, architectural detail, and builder upgrades. This home features an open floor plan of main level living room offering a cozy fireplace and a built-in media niche, a 1/2 bath, and a spacious gourmet kitchen with an island, 42 inch raised cabinets, stainless steel appliances, and slab granite counters with full tile backsplash. Master suite showcases tray ceilings and a wonderful 5-piece bathroom with dressing table and large walk-in closet. The upper level also features two more bedrooms and a full bath. Basement includes a family room with 9ft ceilings, theater surround speakers, and plumbed for a wet bar, a bedroom and full bath. Amenities include central AC, humidifier, sump pump, new roof and gutters in 2016, radon system, and builder wired security system. The privacy fenced backyard is an oasis with landscaping and an extended patio for outdoor entertaining. Conveniently located near schools, shopping, restaurants and an easy commute to military installations!

For more details click here: Click to View

Price Improvement! 9416 Portmarnock Court in Peyton $329,500

SOLD 12/08/17!

New Listing! 6035 Hardwick Drive in Boulders Broadmoor $624,500

SOLD 1/22/18!

This stunning home has it all! Great curb appeal with lush landscaping to the covered front porch with mountain views. Step into the entry and 2 story windows are drawing you into the home. Every window allows more views, some city and some mountains. Open floor plan with spacious rooms full of charm and quality. Formal living or sitting room, office, formal dining are just a few of the rooms you will enjoy. Gourmet kitchen with huge island, 42″ cabinets, stainless appliances, Jenn Air double ovens, induction stove top, new dishwasher and walk-in pantry. Extended deck gives you perfect 360-degree day and night city views with no neighbors to block your views. Master retreat on upper level has 3-sided fireplace, perfect sitting room and 5-piece bath with soaking tub and extra large shower. Three additional bedrooms (all with views) on the upper level with full bath. Walk-out basement is fully finished with 2nd family and game rooms, wet bar, another office or 2 additional bedrooms and bath with steam shower. One lower level bedroom features a walk-in closet, the other bedroom has a built-in desk. Great backyard has patio, landscaped yard, and play area. 3-car tandem garage. New insulated garage door and 2 year-old roof. Views, views, views!!!

Click here for more details: Click to View

Listing! Neeper Valley lot in Crystal Park $62,500

Beautiful 0.7 acre lot with spectacular views. Enjoy mountain living in gated Crystal Park community located 20-minutes from downtown Colorado Spring. Features a full-time park manager, two full-time road maintenance operators, a recreational facilities and miles of trail. Best views of the city with breathtaking morning sunrises surrounded by mature aspen and evergreen trees.
Crystal Park is a gated membership mountain community consisting of 2000 acres of wooded mountainous terrain. It is a nonprofit organization governed by the community elected board of directors. Amenities include a clubhouse with kitchen, heated swimming pool, large deck, tennis, volleyball, badminton, basketball courts, playground, and private fishing pond. Enjoy the solitude of beautiful views, ATV riding and hiking right at your front door.

Click here for more information: Click to View

 

Clubhouse

Fishing Pond

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