Longmont Renaissance Neighborhood : Under Construction
Longmont Renaissance neighborhood is a subdivision that was born in the early 2000’s. It’s located in the southwest corner of Longmont – West of the Cloverbasin Dr and Airport Rd intersection. Like most new construction that was underway when the market tanked in 2010, there was a pause in the build-out in Longmont Renaissance neighborhood. For a couple of years, a drive through the neighborhood revealed roads that went nowhere and vacant land… Lonely, muddy and neglected lots who’s plans for new homes and new homeowners, had been put on hold.
Then the recovery began and construction restarted. Right now Meritage (builder) is full steam ahead. Selling lots and breaking ground, with model homes open (on Eagan Way) every day someone comes a little bit closer to closing on and taking possession of a brand new house. They are nice! Good schools are close by, there is easy access to shopping, commuter routes and Longmont’s Vance Brand Airport. This neighborhood is very conveniently located.
This video was taken on Dorothy Circle – A street that is alive with kids playing on a Sunday morning as well as host to unsold vacant lots and all stages in between. Please excuse the bumpiness, you cannot believe how gusty it got while I was filming!
Note the view to Long’s Peak and our Rocky Mountains in the background?
Just beyond the green port-a-potty in the above pic, ground has been broken and a foundation poured. The buyers of that property can expect to move in later this summer, or perhaps the fall. Just in time to trick-or-treat in this friendly community!
Cloverbasin Drive is the main road you can see. Traffic on the weekends is minimal and there is a traffic circle right there… But that period around 8 AM and then near 3 PM on the weekdays is busier with school drop off/pick up traffic and there is the inevitable increase in traffic as folks make it home from work too.
In the last picture, note the large traffic circle? Where Eagan Way crosses Cloverbasin Drive and then becomes Eagan Circle, neighborhood traffic is slowed. While this might seem overkill, it’s important to remember the nature of the ‘hood. With newer schools, larger more affordable houses than nearby communities, low traffic cul-de-sacs, neighborhood parks and miles of walking trails, this is a very attractive area for young families. I’ve spent considerable time in the area over the last few years and while I have not found it to be uncomfortably noisy (kids, aircraft or traffic) I have noticed people are outdoor a lot. Kids on bikes or foot, people walking dogs, jogging, cycling. Friends hanging out on front porches and back yards.
How did Longmont Renaissance neighborhood real estate perform in 2014?
Short answer: Quite well!
Attached Dwellings: There are just a couple of pockets in the subdivision that are not detached houses. Along DaVinci Dr and Florentine, sit the stucco townhomes. Each building has 3 units, all different layouts and sizes. All have 2 car attached garages and alley access. They feature community open space, walk ways and landscaping. The trees are maturing nicely now that the units are about 10-12 years old and the area has an established feel.
Further south, nearer to Airport Rd, a different style of townhouse have been constructed. The Venice Lane townhouses seem to be taller (you go up plenty of steps to the front door) and there are many more of them – including those that are only just being finished. These townhouses/condos are smaller than the DaVinci ones, hence my need to circle the two types on my chart below.
Summary of Attached Dwellings sold in Renaissance neighborhood in 2014
- Average Days on Market: 62
- Average Sold Price: $301,300
- Median Sold Price: $302,500
- Listings sold at an average of 98% of asking price.
Detached Dwellings: As you can see from my chart (below) there is significantly more data for stand-alone homes in 2014. Bearing in mind that these homes were built between 2002 and 2014, take into consideration not just location and views, but also how maintained, updated or just plain new they are.
You will also notice that the 2 highest sold prices are not following the trend line as well. Both of these two (and only these two) have lot sizes that are 0.44 acres. Huge! About double the size of the other properties that sold.
You are of course, welcome to use this as a rough guide for guessing how much your home might fetch, but I would caution you to take into consideration more than just total square footage (adjust for finished vs unfin. basement, view, location, age, landscaping, maintenance, lot size etc) or even better, just call me. I would be happy to create a report/analysis specific to your home, with no obligation.
Summary of Detached Dwellings sold in Renaissance neighborhood in 2014
- Average Days on Market: 64
- Average Sold Price: $433,500
- Median Sold Price: $427,500
- Listings sold at an average of 99% of asking price.
That’s right. If you are thinking of selling your home in Longmont Renaissance neighborhood, you will not be disappointed. With accurate pricing (which not just reflects the market of 2014, but takes into account 2015’s market trend and stays ahead of the curve), strategy, eye-catching photography, neighborhood knowledge and experience, and dedicated effort from the get-go, your home can attract serious, qualified buyers – quickly! Buyers who will compete for the opportunity to live in your property – Even better!
If you are thinking about buying, let’s jump on those (still) low interest rates! Whether it’s house, townhouse or new construction that lights you fire, Renaissance has it now. Including several of those larger homes (5000+ square feet) on lots up to 0.64 acres on gorgeous Milano Lane.