
16851 E Mansfield Circle Aurora CO 80013
A recent Mission Viejo success story unfolded at 16851 E Mansfield Circle in Aurora, CO 80013. The property, situated in the sought-after Cherry Creek School District, garnered multiple offers and went under contract just four days after listing, remarkably outperforming the neighborhood’s 45-day average.
Located minutes from DTC, Buckley AFB, Cherry Creek Reservoir, I-225, and the Nine Mile light rail station, this HOA-free home benefits from prime positioning. Students attend Mission Viejo Elementary, Laredo Middle School, and Smoky Hill High School, adding notable value for families. The property’s February 1st listing date led to a swift full-price offer by February 5th, with closing scheduled for February 28th, demonstrating strong market demand and strategic pricing in this established neighborhood.
The Sale and Renovation
Transforming this Mission Viejo property involved extensive renovations through the HOMenhance program, which delivered substantial improvements both inside and out. The thorough renovation included necessary upgrades such as a new sewer line, roof installation, and a French drain system to address foundation concerns. Interior improvements featured new paint, carpet, lighting, and LVP flooring throughout, while both bathrooms received updated tile work.
The property underwent meticulous preparation with professional cleaning services, including HVAC and fireplace maintenance. A new sprinkler system and outdoor cleanup improved curb appeal, while professional staging maximized the home’s market potential. These strategic improvements, combined with converting an office into a proper bedroom, helped overcome the property’s location challenges and secured multiple offers within days of listing.
The Story of the Sellers
Behind this successful renovation and sale was a compelling story of financial necessity. The seller, a woman in her late 70s, owned a single-bedroom home with an unfinished basement in Mission Viejo. As her only important asset, maximizing the property’s value was essential for her retirement. The home faced multiple challenges: it backed onto Buckley Road, required a new sewer line and roof, and had foundation issues. Rather than accepting an as-is value of $320,000, she opted for the HOMenhance program. Through strategic improvements, including converting an office into a second bedroom, the $54,000 investment in renovations yielded a contract price of $450,000. This strategic decision resulted in a $76,000 net gain over the as-is value, greatly boosting her retirement funds.
Return on Investment
By investing $54,000 in strategic renovations through the HOMEnhance program, the property achieved a remarkable return, selling for $450,000 instead of its as-is value of $320,000. The net gain of $76,000 after renovation costs demonstrates the program’s effectiveness in maximizing property value.
The thorough improvements, which included crucial structural repairs like a new sewer line and roof, alongside cosmetic updates and professional staging, helped overcome significant property challenges such as the Buckley Road location. Converting an office into a proper bedroom also improved marketability. The investment yielded a 141% return ($76,000 profit on $54,000 spent), proving particularly valuable for the elderly seller who relied on the home sale proceeds for retirement.
