Rare opportunity! Updated custom home w/ finished Lower levels on beautiful 1 acre. Remodeled kitchen complete with quartz countertops & travertine backsplash. Remodeled master bath with custom walk-in shower. Professionally landscaped w/ plenty of patio space to relax next to the 20×40 pool this summer.
Charming brick cape cod. Walk to Historic Downtown Loveland with restaurants, rooftop bars, craft brewery, shops, bike trail and river canoeing. Yard backs to McCoy park w/ tennis, basketball, baseball and playground. New stainless steel appliances and windows. Hardwood floors. Newer roof, water heater and furnace. Fresh paint throughout. Oversized detached 2 car garage / workshop and 1 car attached garage. Partially finished basement. 2 parcels.
Spacious 2824 Square feet 4br on a quiet cul-de-sac. Open floor plan,kitchen with island. Large 25×16 master suite with walkin closet, masterbath with his and her sink,tub and shower. Large level private backyard that is great for soccer / play area or kids and dogs to play.
Spacious Open 4 Br 3. bath 3 car garage, move in ready, Gourmet kitchen Double ovens with Morning room and rear deck overlooking private treed lot, 2 story entry with loft, Lower level with walkout and 9 foot pour.Great curb appeal and fantastic yard.
Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.
However, there is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose lending standards, a tremendous amount of inventory was coming to the market to satisfy that demand. Below is a graph of the inventory of homes available for sale leading up to the 2008 crash.
A normal market should have approximately 6 months supply of housing inventory. As we can see, that number jumped to over 11 months supply leading up to the housing crisis. When questionable mortgage practices ceased, and demand dried up, there was a glut of inventory on the market which caused prices to drop as there was too much supply and not enough demand.
Today is radically different!
There are those who believe that low mortgage rates have created an artificial demand in the current market. They fear that if mortgage rates continue to rise, some of the current demand will dry up (which is a possibility).
However, if we look at supply again, we can see that the current supply of homes is well below the norm of 6 months.
We will not have a glut of inventory like we did back in 2008 and home values won’t come tumbling down. Instead, if demand weakens, we will return to a normal market (approximately a 6-month supply) with historic levels of appreciation (3.6% annually).
513-602-6000 | Kevin@DuffyRealtor.com
Listed at $125,000
Fantastic opportunity to live in a newly remodeled place. Both units with 1 bed, 1 bath, and walk in closet each. New appliances, hard wood floors refinished, and new bath downstairs . 4 car garage can be rented for extra income.