Homebuyers determined to purchase in Denver should consider the Montclair Neighborhood.
The historic neighborhood offers a mix of architecture, from Queen Anne and Victorian homes to 1950s ranches and modern builds.
With an average home price of $800,000, Montclair also is more affordable than surrounding neighborhoods like Cherry Creek, Hilltop, or Crestmoor, where home prices could be double, says Stephen Berg with 8Z real estate.
Those higher prices make it cost-prohibitive to buy, tear down and build new but Montclair still offers opportunities to do that on large lots.
“There’s great potential in this neighborhood to build equity,” Berg says. “While appreciation will slow down as interest rates climb, Montclair’s one of a handful of neighborhoods with unrealized equity…
Sara B. Hansen
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