High Prairie Farms Dream Home!

Contemporary elegance and ultra-private seclusion define this stunning home in High Prairie Farms. Featuring 4 bedrooms, 4 baths, and 4459 finished square feet, this home is perched high on a 1.67 acre lot at the end of a cul-de-sac, and the grounds are pure paradise. Ponderosa, Spruce, Aspen, Gambel Oak and an assortment of wildflowers and perennial gardens are sprinkled throughout the lush park-like lot. Siding to a greenbelt and fronting to vast open space, privacy and openness are assured, and the views go on forever! Panoramic mountain, city, and lake views are captured from every window (even the lower level) of this home. Bingham Lake is a 10 minute walk away, schools are a few blocks away, and so is the Pinery Country club with pool, tennis, dining, and a 27 hole golf course.

If you value light and an open floor plan this home is perfect for you. This is the kind of home where you don’t have to turn on a single light during the day, because the vast windows bathe the home in so much natural light.

This Craig Bush designed home was carefully designed to maximize the entertaining possibilities and the picture-postcard views. A grand foyer with hand carved solid cherry front door, sweeping staircase, and glorious chandelier impress immediately. The living room offers 19’ ceilings, a wall of windows, and gas fireplace with black granite surround, and the formal dining room boasts a Murano Italian crystal chandelier. The island kitchen features an abundance of maple cabinets with handy appliance garages, cherry floors, Silestone counters and Jenn-air appliances. The delightful breakfast nook is surrounded by glass on all sides and benefits from the warmth of the double sided fireplace in Winter.

The master bedroom suite comes complete with a private east facing “morning room” that is blessed with 2 picture windows and a skylight, drenching the room with sunshine and warmth year-round (you may never want to leave!) It also features a second fireplace and Murano chandelier, and opulent bath with large steam shower, Jacuzzi tub, and private access to the covered deck set up for your hot tub.

Other amenities include:

-564 SF loft area w/bed, full bath
-1600 SF of deck
-Covered front porch
-Seasonal cedar-lined closet
-Open home theater w/surround sound and wet bar
-500 bottle wine cellar
-Drip system

Search the Denver MLS for Parker Colorado Real Estate -save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.ColoradoHomeValues.net to check out recent home sales in your area!

Unique Pinery Listing!

Uniquely Pinery with custom one-of-a-kind amenities, this stylish home will surprise, delight, and inspire! Featuring 5 bedrooms, 4 baths on 3 above-ground stories, plus a separate 484 SF workout area below the garage, a home like this rarely is available and must be seen to be appreciated!

It’s truly rare to find a home with a bank of windows as large and tall as in this great room, with over 20 windows that span from the wood floors to 29’ wood ceilings, bathing the top 2 stories in natural light. A custom free-standing copper/glass fireplace anchors one corner, and gleaming hardwood floors extend through the formal dining room and kitchen. The gourmet kitchen is completely new and boasts top of the line appliances expected in a house of this caliber. Granite tile counters/backsplash, stainless steel sink, Maple cabinets with two pantries and pull-out drawers, pendent lighting, Bosch dishwasher, Thermador gas cooktop, Advantium oven (uses 3 heat technologies to provide cooking in a fraction of the time,) and GE Profile convection double oven combine to create this dream kitchen. The main level bath is completely remodeled with gorgeous travertine tile and oil rubbed bronze fixtures.

The romantic master bedroom has cozy gas fireplace, vaulted wood-beamed ceiling with skylight, and private deck. The opulent 6 piece master bath is roomy with jetted tub, bidet and new lighting. The spacious rec room includes a unique glass barrel fireplace, wet bar, and home theater area. A heated solarium with built-in hot tub completes the lower level.

Stepping out of your home is where the true beauty begins. Nestled on a lush .28 acre lot backing to an expansive greenbelt, you will find a mix of 100 year old Ponderosas and some of the largest towering 45’ Gambel Oak you will find anywhere in Parker. You can drink in the stunning sunset colors or watch the deer play below from any of your 1600 SF of decking, which wraps around a majority of the home. If you cherish nature, this is the ideal house for you! And to top it all off its in the prestigious Pinery golf community.

Other amenities include:

-2 X 6 construction
-Central Vacuum
-Wood Casement windows
-Main floor bedroom with separate private sink
-Heat lamps in 2 baths
-Tile roof
-4’ crawl space for extra storage
-New high grade carpeting

Search the Denver MLS for Parker Colorado Real Estate -save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.ColoradoHomeValues.net to check out recent home sales in your area!

New Listing 10742 E. Cloudberrry Drive, Parker, CO 80134

Offering luxurious accommodations and endless entertaining opportunities , this stunning home features 4 bedrooms, 5 baths, and 5224 finished square feet. Situated on a .29 acre estate-sized lot at the end of a cul-de-sac, this site is a lushly landscaped sanctuary with an amazing assortment of mature trees, shrubs and perennials, and completely private. A
covered 25’ X 10’ patio expanded with 383 SF of Trex decking creates the perfect outdoor living space for gatherings, and the expansive side lawn could easily accommodate a game of volleyball or croquet. The Challenger Park neighborhood is arguably the best location in Parker, with walking distance to shopping, parks, the Cherry Creek Trail and the Parker Rec Center, plus you are minutes away from E-470 and the Tech Center.

Like large spaces? There are million dollar homes in Parker that don't give you close to this kind of square footage. An open, flowing floor plan combined with enormous living spaces makes this residence truly extraordinary. The raised living room boasts 3 walls of large windows anchored by a handsome gas fireplace, and the high double-coffered ceiling adds drama and style. The family room off the kitchen is roomy with an abundance of large windows, fireplace, and built-in entertainment center. The gourmet kitchen will delight with Jenn-Air appliances, Maple cabinets, tile counters, large center island, and handy desk area.

A graceful spiral staircase takes you up to a generous 16’ X 28’ loft, which is the ultimate flex space; roomy enough for any pool table and more if used as a rec area, or as a fourth living space/home theater. The massive master bedroom has a formal sitting area and vaulted ceiling, and includes an opulent master bath fit for a king and queen, complete with his and her vanities, large soaking tub, and spacious master closet.

Completing this remarkable home is a 1116 SF basement complete with open home theater area, surround sound, bar w/full refrigerator, and lavish 3/4 bath. An unfinished area is currently used as a workshop, but could be finished as a 5th bedroom. Other amenities include: garden area, 2 air conditioners, 2 furnaces, wood blinds throughout, storage space galore, oversized 3 car garage.

Search the Denver MLS for Parker Colorado Real Estate -save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.ColoradoHomeValues.net to check out recent home sales in your area!

First Time Buyers Get Even a Better Break! What About Everyone Else?

From: NAR Government Affairs
Date: 29 May 2009
RE: Tax Credit Guidance for FHA Loans Announced by HUD


In his speech at the National Association of REALTORS Housing Summit on
May 12, 2009, US Department of Housing and Urban Development (HUD)
Secretary Shaun Donovan announced a program that allows borrowers to use
the first-time homebuyer tax credit for a down payment or closing costs on
a FHA-insured mortgage. The Secretary said We think the policy is a real
win for everyone, ensuring that borrowers can tap into the numerous
organizations that are already part of the FHA network to receive this
additional benefit.

The details of the program were announced today in Mortgagee Letter
2009-15. Government entities and instrumentalities of government may
provide a second mortgage. Currently, 10 state housing finance agencies
offer a product buyers can use that will effectively monetize the tax
credit for down payment purposes. These states are Colorado, Delaware,
Idaho, Kentucky, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, and
Tennessee Get information on these programs at
http://www.ncsha.org/section.cfm/3/34/2920.. State Associations are
encouraged to work with their respective housing finance agency to
implement similar programs. The 3.5 percent down payment may also be a
gift from a family member, employer or nonprofit, charitable organization.

The original guidance permitted lenders and HUD-approved nonprofits and
lenders to offer bridge loans via second lien financing or short term
loans. Guidance released today allows lenders to offer the monetized tax
credit for down payments in excess of 3.5 percent, closing costs and
interest rate buy downs. Mortgage industry leaders have indicated that
this type of product may not be immediately available to consumers.
Lenders will need some time to develop documentation for what will
effectively be personal loans to the home buyer.

Read the HUD Mortgagee Letter at
http://portal.hud.gov/pls/portal/docs/PAGE/FHA_HOME/LENDERS/MORTGAGEE_LETTERS/2009_MORTGAGEE_LETTERS/09-ML-15%20USING%20FIRST-TIME%20HOMEBUYER%20TAX%20CREDITS.PDF


For information on FHA contact Jerry Nagy at 202.383.1233,

Rates Are on the Rise! Did You Take Action For Something Better?

In case you haven’t heard, mortgage rates went up drastically Wednesday. To be specific, 0.50% to RATE in 1 day!

The main reason for Wednesday’s tsunami...OVERSUPPLY. The Treasury has literally been printing money by way of Treasury auctions to pay for the massive spending initiatives. Not to mention that these hundreds of BILLIONS of dollars of new Bond supply have to be absorbed by the market, so the additional supply literally weighs on the entire Bond market and drags prices lower. Also, when you think of supply, consider they myriad of refinances and all those loans have been bundled, packaged and sold on Wall Street. This additional supplyhas now started to hit the secondary market, as those closed loans are now getting turned around and sold. This supply also must be absorbed, and while the Fed has been a buyer, they simply can’t buy enough to balance all the selling. It’s Economics 101, anytime supply vastly exceeds demand, prices will move lower. As prices move lower, yields rise and that rise in yield will attract new buyers as they get a higher return on their investment. This process is how the market finds balance.

The question on everyone’s mind, will rates come back? The answer is that we will probably see some improvement, of which we saw a 0.25% decrease in RATE this morning. However, it will be difficult to see rates fight back to the levels they were at just last week. There are both fundamental and technical reasons why a retracement back to last week’s levels would not be easy. We are advising our clients to carefully float.


FHA ANNOUNCEMENT

It was just announced that the FHA will allow the $8,000 first time home buyer credit to be applied directly towards home purchase costs. More details to follow.

Remember, your clients never pay for an appraisal at RMA. We will refund any appraisal cost to your client at closing. Any market or loan related questions, please feel free to ask.