5601 S Florence St, Greenwood Village CO 80111

Recently, The Storck Team listed and sold a property at 5601 S Florence St in Greenwood Village, Colorado, making headlines for its rapid sale and impressive return on investment. This luxury residence is situated in the coveted Sundance Neighborhood, conveniently close to DTC, I25, and I225 and a mere 20-minute drive to Cherry Creek and Cherry Creek Reservoir. It’s also in close proximity to Park Meadows, offering an ideal location for potential buyers.

Originally listed on 11/21/2024 for 1.2 million, the property quickly went under contract within two days of listing, a testament to its desirability. Ultimately, the house sold for the full list price in a cash offer only 15 days after it was first listed. In this article, we will delve into the details of the sale, the renovations undertaken, and the story of the sellers who called this property home for over 40 years.

The Sundance Hills property generated considerable interest, receiving four offers within days of its listing. The average time on the market for properties in Sundance Hills in the past 180 days is approximately 34 days before a property goes under contract, but this residence markedly beat that average.

The home underwent extensive renovations through Homenhance to enhance its appeal and increase its market value. These included new interior and exterior paint, landscape cleanup, and the installation of new hardware, mirrors, and lighting throughout the house. The hardwood floors were refinished, and various handyman repairs were carried out.

Further improvements included a thorough, deep clean of the HVAC, chimney, windows, carpet, and upholstery. The house also underwent pre-inspection and professional staging, with exterior marketing photos taken during the summer.

The sellers, a couple in their 80s, had lived in their Sundance Hills home for over 40 years, raising a family within its walls. Unfortunately, due to declining health, the couple had to move into assisted living.

While cherished, the house had become dark and dated, with limited natural light. To rectify this, Homenhance introduced new lighting, including can lighting throughout, and a fresh interior paint job to brighten the space. The hardwood floors were refinished with a natural finish to further lighten the space.

Given their health conditions, the sellers were unable to make these updates themselves. However, they needed to maximize the sale price of the house to fund their assisted living costs for the coming years. If sold as-is, the house would likely have fetched around 1 million to 1,025,000.

With an investment of $35K in Homenhance updates, professional cleaning, staging, and marketing, the house fetched a sale price of 1.2 million. This resulted in a 5x return on investment on the $35K renovation cost. Homenhance managed and paid the contractors, obtained the bids, and carried all the costs through to the closing, ensuring no out-of-pocket expenses for the sellers.

In conclusion, this property sale in Sundance Hills is a testament to the power of strategic updates and professional staging in real estate. With a rapid sale and an impressive return on investment, it stands as a success story for both the sellers and Homenhance.