I do not know whether to laugh at my bank or take them seriously.

[USMC88-93]

I own a house on the east side of Wheat Ridge.. Close enough to Denver to have a Denver zip code.

The last taxable value for purposes of property taxes was $217,000.

I know there is a science to the establishment of market value (Comparable home sales, location, current construction, etc.) but I laughed out loud when reading USAA's claimed current market value on my home of $293,000.
I would have to sink a good 30 to 40K into my home to make it "sell-able" as move in property (Roof, siding, carpet, etc) so I don't really believe the figure they established. It does make me think about what I could get as a "fixer-upper" perhaps $230K to $245K.

If it is truly in that current price range to buy into Wheat Ridge. I bet you can not find a house in this city below $250K right now.

[Sawin]

That's not very far off in my opinion...I'd take them seriously. My Townhome has appreciated from 215k in '09 to 315k presently... it's certainly plateauing this fall but 80-100k increase is not uncommon in metro Denver in that price range the last few years.

[USMC88-93]

Broomfield town-home huh, how old is your construction as there are not that many such developments in Broomfield but there is a wide variance in age for those that exist.. The ones on 287 and Miramonte across from the King Soopers are fairly old but have a view north to Boulder / Eire so I understand why their value would be out of wack.

[Sawin]

Broomfield town-home huh, how old is your construction as there are not that many such developments in Broomfield but there is a wide variance in age for those that exist.. The ones on 287 and Miramonte across from the King Soopers are fairly old but have a view north to Boulder / Eire so I understand why their value would be out of wack.

Nope, other side of Broomfield on Lowell at Midway (128th). Built brand new in 2009.

[USMC88-93]

Nope, other side of Broomfield on Lowell at Midway (128th). Built brand new in 2009.

Right behind the 7-11 with the skinny 1st floor garages... I know it well I'm in there fairly regularly

Try might also take into account what it would cost to rebuild it in a total loss. Price of construction has increased significantly.

Their "rebuild cost" estimate is $119,600

[Sawin]

Right behind the 7-11 with the skinny 1st floor garages... I know it well I'm in there fairly regularly

Yep that's the one. I've been there since 2009. PM me if you'd like to ahead of your next visit. I'd be glad to meet you.

[Madeinhb]

Nope, other side of Broomfield on Lowell at Midway (128th). Built brand new in 2009.

I know exactly where you're at.

[jhood001]

P.S. Denver is the new San Francisco when it comes to real estate. Panic and get out or ride it and profit.

[bczandm]

If you are selling for under $250,000 let me know, i'll buy it and save you a ton on real estate fees!

[USMC88-93]

If you are selling for under $250,000 let me know, i'll buy it and save you a ton on real estate fees!

Implies you are in real estate, is that market value in the ball park for Wheat Ridge?