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 to gain.”
Montclair’s a quiet neighborhood with leafy streets and several neighborhood parks, including Montclair Park, Denison Park, and Kittredge parks.
The neighborhood’s also a convenient 10- to 15-minute drive from downtown Denver.
The Montclair neighborhood is known for its large lot sizes and mix of architecture styles, from Queen Anne and Victorian homes to 1950s ranches and modern builds.
While there are a few condo options near Mayfair Park, the neighborhood primarily offers single-family homes.
Home prices range from $600,000 to $2 million-plus, Berg says.
Lower interest rates are extending the time on the market, but homes still typically sell in about two weeks to a month.
Who’s moving in?
The neighborhood primarily appeals to new buyers and families looking for more space. Many take over homes from empty nesters ready to downsize, Berg says.
Montclair also appeals to developers who buy the older, small ranch houses that sit on big lots. They then scrape the properties and build bigger homes.
The neighborhood provides a dense suburban feel with restaurants and shops clustered along the neighborhood’s edges.
Popular dining options include:
Denver Pizza Company crafts its thin-crust crust pizzas using a secret, centuries-old family recipe, fresh ingredients, and beer-batter dough. The restaurant also offers gluten-free pizzas.
Moon Gate Asian Grill serves a mix of Asian favorites, including Chinese, Japanese, Thai, and Vietnamese dishes.
Tessa Delicatessen focuses on using simple, local ingredients to create classic dishes that are delicious and satisfying. It serves a variety of hot and cold sandwiches, salads, plus adult mac and cheese and portobello brisket penne.
Walia Creamery creates small-batch ice cream, sorbet, and vegan ice cream. Named for an endangered Ethiopian giant mountain goat, the restaurant also offers shakes, smoothies, and baked goods.
The news and editorial staffs of The Denver Post had no role in this post’s preparation.
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