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The couple purchased the house in 2012 for $913,500 and completed a million-dollar renovation of the interior shortly thereafter.
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The couple purchased the house in 2012 for $913,500 and completed a million-dollar renovation of the interior shortly thereafter.
“You’ll hear people talk in Denver about how, ‘Oh, this or that isn’t context sensitive,’” a councilmember said. “This is honoring some key elements in the neighborhood.”
The television station’s general manager identified Property Markets Group in a letter to the city and said it is planning a residential project for the site.
The Washington-based developer submitted a plan in 2019 for an eight-story building with 365 units on the vacant lot at 2950 Arkins Court.
The development company CEO paid $3.2 million for the three-bedroom, 3,797-square-foot condo at 1690 Bassett St. in 2014.
“The mountain view ordinance we’re talking about, it’s been on the books for decades and it’s an important attribute of living in Denver,” said Brad Cameron.
It joins five competitors that also buy homes with online cash offers, charge sellers a fee and then profit from the resale.
Wade Davis and his wife bought the 4,182-square-foot unit on the 29th floor of One Lincoln Park for $2.4 million in 2018.
The site is a parking lot at 1616-1630 N. Pearl St. in Uptown that was listed for $3.3 million and is currently under contract.
The company’s home value estimation tool — a prominent feature on its website — doubles as an initial cash offer for eligible properties.
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