Property Overview
🏡 Turnkey Cherry Creek Townhouse | Market-Ready at a Discount
📍 Villas at Cherry Creek | Aurora, CO
💰 Asking: $549,999 | 📈 ARV: $675,000
🔧 Fix Budget: $8,000
📐 Total Sq Ft: 3,968 | 🛏 3 Beds | 🛁 2.5 Baths | 🚗 2-Car Garage
Bonus: Cherry Creek 5 School District
✨ Property Overview
Located in the gated Villas at Cherry Creek, this 3 bed, 2.5 bath townhouse offers nearly 4,000 sq ft of finished space with high-end touches, vaulted ceilings, and Corian countertops in an extended kitchen. The layout is functional and impressive, with a spacious main-level primary suite, multiple living zones, and a finished basement that includes a wet bar, full bath, and additional non-conforming bedroom.
With only $8K in light cosmetic touch-ups this property is market-ready or can be taken to the next level for even more upside. The house is clean, spacious, and completely ready to move in or hit the market with no updates needed to compete with comps.The extended kitchen and square footage give it an edge, and it’s priced at a discount. The HOA experienced instability over the past few years leading to challenges last fall and this winter for getting buyers comfortable. The owners took action, fired the bad management company, hired a new one March 11 and now have a couple of months under the belt of the new and responsive management company. Your lender can confirm it’s ready for normal conventional loans. There are no rentals in this development, the reserves are above the required 10% of annual dues and prior roof issues have been repaired. You can price this desirable unit to sell fast and no work is required. Seller has moved away to be near family and is looking for a quick close. Must see this property is very nice, confirm HOA is good to go and it’s a straightforward relist.
📐 Layout Highlights
* Main Floor:
* Vaulted living area
* Extended kitchen with Corian counters
* Dining area
* Primary suite with 5-piece bath & walk-in closet
*Oversized deck fitted with a custom-powered awning that automatically retracts in high wind
* Laundry chute to basement laundry
* Office/flex room + half bath
* Basement (Finished – 1,984 sq ft):
* Living/rec space with wet bar
* Full bath with dual vanities
* Bedroom (non-conforming)
* Spacious laundry room
* 2-Car Attached Garage
🔧 Rehab Summary
Minimal updates needed:
* Stage or update photos with virtual staging.
No major system updates required. This is a true plug-and-play property. Confirm HOA is no obstacle and list with no updated required. You could replace the brass doorknobs with black if you wanted.
💡 Why This One Makes Sense
* Vacant + Immediate Possession (Closing: May 23, 2025)
* High Buyer Demand: Median 19 DOM, 3.5 months of inventory
* HOA Community Amenities:
* Pool, hot tub, clubhouse, greenbelt spaces
* Direct access to Cherry Creek State Park & off-leash trails
* Located in the Cherry Creek 5 School District.
Neighborhood:
The Villas at Cherry Creek is a gated community that sits right next to Cherry Creek State Park, where residents regularly walk into the park to use the trails and off-leash dog area. You also get clear views of the Front Range, which add to the appeal. The neighborhood is in the Cherry Creek 5 school district and includes amenities like a clubhouse, outdoor pool, hot tub, and plenty of greenbelt space. From an investment standpoint, this is a market that moves: only 3.5 months of inventory and a median of just 19 days on market. It’s also well-connected, with quick access to both Parker Road and E-470. For buyers looking for a low-maintenance, well-located property with solid demand, this is worth a close look.
Video Walkthrough
We added in $8k for any inspection objections issues you get when you sell on MLS. However, it is market-ready as it sits.
Total Budget: $7,936
3 Bed, 2.5 Bath, 3770 finished sq ft townhouse in market comparable condition
This property has been on the market for over 123 days, but it’s worth noting that it went under contract twice during that time in its current condition. The first offer at $680K fell through due to concerns with the HOA, and the second at $695K didn’t close because the buyer’s contingent sale did not go through. That level of interest suggests there’s solid resale potential here without needing major updates. This is a straightforward opportunity to pick up a discounted property with built-in value. You can confirm the HOA is solid now and the new property management company is a massive improvement to what was blocking previous buyers.
Closing is scheduled for 05/23/2025.
3 Beds | 2.5 Baths | 3,968 sq ft
13990 E Chenango Drive, Aurora, CO 80015 Zillow
Pending at $699,950 | 3 Bed, 3 Bath, 3,968 SqFt
A nearly identical comp with 3 beds, 3 baths, and 3,968 sq ft, just went pending at $699,950 after starting at $750K. It sat for a bit, but ultimately found its value right under $700K. The condition is a near match to the subject property, right down to the kitchen finishes: same square footage, similar quartz countertops, stainless appliances, and overall presentation. What this tells us is the subject property sits comfortably in that value range, if not slightly better positioned given the current momentum in the market. We’ve been conservative with pricing, knowing this comp is pending, but the subject property checks the same boxes and is market-ready without the delay. For a cash buyer, this is a clean opportunity to step in with confidence, knowing the precedent has already been set.
14033 E Whitaker Drive, Aurora, CO 80015 Zillow
Active for $675,000 | 3 Bed, 3 Bath, 4,166 SqFt
An active comp in the same complex is listed at $675,000 with 3 beds, 3 baths, and 4,166 sq ft—just 198 sq ft larger than the subject property. However, only 2,494 sq feet of this comp property is finished. It has upgraded granite counters and hardwood floors, but it’s been on the market for over 58 days. It’s also a two-story, which may be limiting buyer interest. This shows that finish upgrades aren’t enough to drive demand on their own. The subject property is single-story, move-in ready, and priced well. The HOA has fired the Property Manager causing issues for buyers and has had the new company in place since March 11. There will be new HOA board members elected June 2. The HOA has the required 10% in reserves, development does not have any rentals, should be ready to go now, you can confirm prior to Purchase Agreement.
