With the Covid-19 pandemic affecting markets across the country and experts doing their best to predict what the market will do, real estate professionals everywhere are left unsure of what the future holds. That said, there is one thing that we real estate professionals can spot immediately no matter the health of the market and that is an AMAZING DEAL! As of this moment that deal is Megan Pitkin’s 2 bedroom, 2 bathroom condo unit located in the Prado building at 300 W 11th Ave in the heart of Denver’s Golden Triangle neighborhood.
Just listed on Thursday April 30th, this tenth floor, corner unit features wrap around windows offering exquisite natural lighting in addition to the comfortable balcony with city views. Gorgeous hard surface flooring throughout the living areas are complimented by tray ceilings providing the 1296 square foot home with an open and airy ambiance. The kitchen delivers a modern look with granite counter tops, sleek wooden cabinetry, and a contemporary mix of black and stainless-steel appliances in excellent condition.
An over sized master bedroom gives way to a generous walk in closet and sizable updated en-suite with direct balcony access from the bedroom. All this in addition to a second bedroom and bath, in-unit laundry, one deeded parking space and a sizable storage unit on the same floor as the unit, one would expect to see a price point well over half a million but that is what’s special about this listing. At $490K this unit is priced on the lower end of what the market suggests it could sell for. Owner/listing agent Megan Pitkin of Keller Williams Integrity says she priced it this way with the intention of providing buyers with incentive and an upside on their purchase.
Having owned the unit since 2016, Pitkin and her husband made the tough decision to relocate this last year despite their love of this condo and the location.
“For us it’s the definitely difficult to leave this home. Being so close to 6th Ave and Speer you have such easy access to Cherry Creek, Downtown, the mountains and Highlands so it feels like you’re literally in the middle of everything” said Pitkin. “With a coffee shop and hair salon in the building, discounts on local gym memberships and the Cherry Creek trail right out our front door, it really is an emotional move for us leaving the building.”
The location is also one of the major reasons we here at Denver High-Rise Living were so intrigued by this listing.
On May 1, 2020 James Rodriguez of the Denver Business Journal published an article detailing city planners’ intent to enhance the Golden Triangle neighborhood in conjunction with the developer interest in the area. The article highlights the recent purchase of the historic Evans School building by City Street Investors, the same group behind the redevelopment of Union Station. Located less than two blocks away from this condo, City Street Investors are hoping the Evans School redevelopment, incentivized by the current rezoning efforts for the neighborhood, will serve as a “center of gravity” for Golden Triangle residents.
Read the full Denver Business Journal article here:
WEDGE OF OPPORTUNITY
“Developers and city planners aim to make Golden Triangle Denver’s next hot neighborhood”
With the upcoming redevelopment of the Evans School, the $150 million dollar renovation currently underway at the Denver Art Museum and roughly 8 additional lots either in the planning stages or under construction already in the neighborhood, we with Denver High-Rise Living believe this unit comes with significant upside for a lucky buyer. With Golden Triangle already a residentially dense neighborhood, the City of Denver’s rezoning efforts would bring along with it an influx of retail, commercial, food and beverage and recreational outdoor spaces – all things we know boost residential property values.
If you are interested in touring or purchasing this incredible condo unit, listing agent and owner Megan Pitkin is ready to assist. Find her contact information here below or reach out to us here at Denver High-Rise Living and we will be happy to make an introduction.
Property MLS ID 8246578