Parkway Drive

December 5, 2016
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Street Address: 5 Parkway Drive #1/2

Unit/APT:

City: Cherry Hills Village

State: CO

Zip: 80113

Sold Price: 1123000

# of Days to Contact: 54

# of Days to Close: 133

# of Total Offers: 2

List Price** 1350000

Square Feet: 4338

Beds: 4

Baths: 4

5 Parkway Drive #1/2 originally went went under contract in 19 days in the beginning of June and unfortunately fell out of contract. After a price reduction in August, it finally went under contract again in the beginning of October. This updated 1973 ranch home mostly likely would have closed close to the original list price of $1,350,000 had it not fallen out of contract versus 18% below original list price. 

This area of Cherry Hills features larger homesites, a wide variety of home styles, and an abundance of recent newer construction, therefore I believe the sale price of 5 Parkway Drive 1/2 closing at $268 per square foot finished does not negatively affect the home values of the neighborhood. 

The sale of 5 Parkway Drive #1/2 was an excellent value for this area, especially being on over an acre lot. 

This property was Listed by The Kentwood Company