Jenny Apel sits in front of the William Carter Mansion that she sold for $950,000.
A couple recently paid $950,000 for the largest ?residential home in northwest Denver.
Richard Tallman and Lisa Flores bought the 7,070-square-foot William Carter Mansion at 2955 Perry St., according to public records. The estate also includes a 620-square-foot carriage home on a 30,300-square-foot parcel, which is a huge lot for a city home.
Sold in 2 weeks
?It was on the market for 13 days,? before being placed under contract, said Jenny Apel, of Nostalgic Homes, who listed it for the sellers.
?We had competing offers,? for the home in West Highland, she said. ?We had upwards of 15 showings from qualified buyers. There was tremendous interest in it.?
Apel represented the sellers, Mags Cheyenne Capital and MDN Capital, which acquired it in a foreclosure last Dec. 30. The previous owner, who had owned the property for the past 26 years, but had done little in the way of improvements, had borrowed $765,000 from the Mags and MDN, Apel said. The home initially was listed at $1.2 million, which Apel knew was a bit on the high side. She said she expected it would sell for about $1 million. Juanita Chacon of RE/MAX Alliance represented the buyers in the transaction.
?This is a rare find,? Apel said. ?There are bigger buildings, such as the Lumber Baron Inn and Gardens (a bed and breakfast) in Highland, but this is the largest single-family, detached residential home in northwest Denver. It has a tremendous location.?
Developers not welcome?
A few of the prospective buyers were developers.
?Some came in and looked at it with the idea of knocking down the house and building other properties on the big lot and garbage like that,? Apel said.
Apel, an opponent of RedPeak Properties? plan for three apartment buildings at the nearby Highland Square area at West 32nd Avenue and Lowell Boulevard, said neither she nor the neighborhood would have stood for the grand house being razed.
?Anybody trying to raze the home would have gone to war with the neighborhood,? she said. ?They would have spent so much time and money fighting the neighborhood it would not have been worth the effort. I told the sellers, who are really nice guys, that if they agreed to sell it to someone who was going to raze the home, they would have a fight on their hands and I would be leading the charge. They said, ?Calm down, Jenny, we?re not going to sell it to a developer.?
Colorful history
The home has a colorful history.
It was built by William J. Carter, who made a fortune in lumber before coming to Denver. He was one of Denver?s first automobile dealers, launching the Carter Motor Co. in 1909 to sell Overland and Apperson ?Jack Rabbit? vehicles. He also invested in real estate, caring a four-block residential neighborhood in 1913 that extended from West 29th and 30th avenues and Perry to Stuart streets. Carter died on the estate at the age of 73 under mysterious circumstances in 1930. Speculation at the time included murder, suicide or a burglary gone wrong. He may have been sleeping with his maid.
Apel said a better buyer than Tallman could not be found.
?The moon and the sun and the stars aligned when Rich bought this house,? said Apel, who toyed with the idea of purchasing it with her husband, but decided it was a bit much to chew off. ?I?ve seen his plans for the renovation and they are great. They are going to completely gut and redo the home and the yards. They are going to have a great garden in the front.?
Tallman, who holds an undergraduate and a master?s degree in engineering from the Colorado School of Mines, heads Renova Capital Partners and Renova Capital Group. Renova I and Renova II, as they are called, identify, evaluate and develop clean-energy investment opportunities. Its diverse portfolio includes investments in solar, biomass, water-to-energy and geothermal sectors.
Renovation planned
He will be carrying that green ethos to his new home, Appel said.
?This big home doesn?t have a garage, so one of the first thing he will do is build a four-car garage behind the house and there is where he is going to put on all of the solar panels,? she said.
The renovation will cost an estimated $350,000, although Apel said she wouldn?t be surprised if the total renovation is ends up costing closer to $500,000.
The buyers of the William Carter mansion in West Highland are selling this ultra-modern home in LoHi.
Tallman and Flores currently are selling a modern home?at 1815 Boulder Street, in the LoHi neighborhood. The 2,098-square-foot home is listed for $750,000 by Dee Chirafisi of Kentwood City Properties.
Apel said that Tallman and Flores weren?t shopping for an older or bigger home.
?They saw an ad for the home on the back of the North Denver Tribune, drove by the house and decided it was for them,? Apel said. Apel described the mansion as the ?King of Highlands!? in the ad.
To see what else is for sale in West Highland, please visit this COhomefinder.com link.?To learn what is for sale in Highland, please visit this COhomefinder.com link.
Have a story idea or real estate news tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews?is sponsored by Universal Lending, Land Title Guarantee Co. and 8z Real Estate.
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