3256 S Steele Street, Denver: A Wellshire Review

March 8, 2015
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3256 S Steele Street was reviewed over the past few days in Wellshire neighborhood of Denver. Read below to find out more about Ashleigh Fredrickson’s take on this home!

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The Specs:

Address: 3256 S Steele Street, Denver, CO
Price: $1,125,000
Bedrooms: 3
Bathrooms: 4
Location: Wellshire

 

The Scoop:

Located on a beautiful street in Wellshire, this home has been sitting on the market since the middle of last year. While they’ve undergone several price reductions and even a switch in listing brokerages earlier this year, the listing is not yet positioned to move. On the plus side, this 4,000 square foot ranch has been completely remodeled, but unfortunately the finish level, though high-end, isn’t necessarily representative of what most buyers are looking for in today’s market. Additionally, with the number of families moving into the area, the seller would have been smart to devote some of the square footage to a 4th bedroom. Since the brokerage switch in January, the seller has been offering to turn the office into a 4th bedroom with any full-price offer. For a number of reasons, I would recommend instead reducing the purchase price to reflect this shortcoming.

 
There has only been 1 sale over $1 million in this area in the past year (which sold at $1.2 million) and that home not only had 2 additional bedrooms and 1 additional bathroom, but it was also a gorgeous, new custom home with finishes perfectly suited to today’s buyers. If the seller of this home is looking to get under contract in this market, they will need to look at reducing the listing price at least below $950,000 to reflect fair market value.

 

The Score:

Below are my overall ratings for 3256 S Steele Street, Denver, CO:

Layout/Floor Plan – 3 stars
Finishes – 3 stars
Condition – 4 stars
Curb Appeal/Landscaping – 4 stars
Neighborhood/Outdoor Amenities – 5 stars
Overall Value – 2 stars

 

The listing office for this property is Coldwell Banker Residential 18 . For additional photos, a list of inclusions and the details on the home’s design features, click here to visit the property’s profile on 8z.com: 3256 S Steele Street, Denver, CO.

 

Want to chat with a market expert? Would you like speak about Wellshire and see the current inventory or prep for your home to list in the future? Feel free to contact 8z Realtor Ashleigh Fredrickson at 303-589-5421 or ashleigh.fredrickson@8z.com.

 

Have you viewed the home above? Do you agree with my listing review? Let me know in your comments below!

 

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