Outdoor Recreation in Boulder

Outdoor Recreation in Boulder
Recently rated the “#1 Sports Town in America” by Outside Magazine. Boulder is where some of the world’s top runners, cyclists, mBoulder Mountain Bikingountain bikers, and rock climbers choose to call home. It’s also a close-knit community full of residents who embrace an active outdoor lifestyle and who are committed to natural resource conservation. Combine all of that with 300 days of sunshine per year, and it’s clear why Boulder is one of the hottest outdoor destinations in the country.

The surrounding Rocky Mountain landscape beckons visitors with easy-to-challenging hiking trails and unparalleled scenic views. A single day’s itinerary might include watching the sunrise from a hot air balloon; paddling a kayak through the middle of town; rock climbing the nearby peaks; mountain biking over rugged alpine trails; tubing or fly-fishing in Boulder Creek; or teeing off at Flatirons Golf Course.

Visitors are encouraged to take advantage of Boulder’s 300 miles of serene hiking and biking trails, approximately 45,000 acres of unspoiled open space or the Boulder Creek Path, which runs through the middle of town and parallels Boulder Creek. In winter, you can test your snowshoeing or cross country skiing ability on nearby trails. Or, enjoy downhill skiing and snowboarding at Eldora Mountain Ski Resort, just 30 minutes away fromBoulder Hiking - Flatirons downtown Boulder.

If you want to go rock climbing, Boulder is a great place to be! Boulder, Colorado is blessed with some of the best rock and ice climbing in the country, only minutes from local coffee houses, taverns, and restaurants. Climbers, hikers, alpinists and mountaineers from around the world congregate here. From the distinctive Flatirons above town, to Eldorado Canyon in the south and Boulder Canyon in the west, there is a lifetime’s worth of outstanding climbs here.

About an hour out of Boulder, Rocky Mountain National Park, the South Platte and the Indian Peaks Wilderness add enormously to the choices of climbing and mountaineering available. No matter if you’ve only a few hours to find adventure or an entire day to play, there are plenty of mild-to-wild experiences awaiting you in Boulder, Colorado.

Skiing at Eldora Mountain Resort is just 30 minutes away from downtown Boulder up through scenic Boulder Canyon. With 680 acres, 11 lifts and four restaurants, there’s terrain for all skiers. Listen to Eldora’s marketing director talk about what makes it special.

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John Marcotte

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Big plans along FasTrack’s W line

Big plans along FasTrack’s W line

ULC spent almost $14 million acquiring the properties to assure that affordable. Housing and other community services would be available along the line.

ULC used the $15 million TOD Fund to purchase two of the four properties they own along the W Line, which ultimately will include about $70 million in new developments.

Drawing of planned new library at Colfax and Irving.

Drawing of planned new library at Colfax and Irving.

When built-out, the sites will include more than 600 units of housing, 400 which will be affordable; more than 50,000 square feet of commercial space; and a Denver Public library.

Each new rail line is a catalyst for transit-oriented development in metro Denver and ULC has been very strategic in our real estate investments and partnerships and stewardship on the W Line, maximizing and leveraging resources to increase economic opportunities for low-income families, seniors and the community as a whole,” said Aaron Miripol, president and CEO of ULC.

ULC’s four W Line property purchases and their projected development values are:

  • Jody Apartments: This site, next to the Sheridan Station, was purchased in December 2007 in partnership with NEWSED for $3.5 million and currently has 62 units of affordable apartments on two acres. Jody will be redeveloped at a higher density level under Denver’s new zoning code (C-MX-8), preserving and creating permanently affordable housing in a vibrant, mixed-use setting. Because the Jody Apartments will be rebuilt in the same area, residents will not be displaced and can remain in the community. The value of the projected development at this site is $25 million.
  • Mile High Vista: At West Colfax Avenue and Irving Street within a quarter of a mile of both the Knox and Federal/Decatur stations, this two-acre parcel was purchased in March 2011 for $2.14 million. The City and County of Denver purchased 0.84 acres of this site the following year to build a new Denver public library. Del Norte purchased a portion of the site to build 80 affordable homes and 10,000 square feet of community space. ULC is the master developer, completing infrastructure on the entire site and retains land planned for a 20,000 square-foot commercial building. The value of the projected development at this site is $30 million.
  • 11th Avenue TOD: Next to the Sheridan Station at West 11th Avenue and Sheridan Boulevard, this 0.83 acre site was purchased for $350,000 in July 2012. ULC is partnering with Rocky Mountain Communities to develop 58 affordable senior housing units. The value of the projected development at this site is $10 million.
  • Villas at Wadsworth Station: At 1330-1337 Yukon St. in Lakewood, ULC preserved 100 units of existing affordable housing when it purchased this site in December 2012. The 2.36 acre property is 50 feet from the Wadsworth Station and was purchased for $7 million.

ULC, a nonprofit organization established in 2003, uses real estate as a tool to enrich urban communities. In much the same way that a land trust preserves open space for future generations, ULC preserves real estate assets in urban areas to ensure their continued community benefit.For more information, please visit Urban Land Conservancy.

 

 

John Marcotte

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New home permits soar 61%

New home permits soar 61%

New home building activity in the Denver area rose 61.2 percent in February compared with February 2012, continuing a trend that is approaching a two-year mark, according to a study released today by the Home Builders Association of Metro Denver.

“If we get to April and we do it again, it will have been two years,” of consecutive month increases from the same month in the previous year, said Jeff Whiton, president of the local trade organization.

This 5-bedroom, 5-bathroom, new homes in Parker is on the market for $849,500.

This 5-bedroom, 5-bathroom, new homes in Parker is on the market for $849,500.

The HBA tracks building permits issued in Adams, Boulder, Broomfield, Denver, Douglas, Elbert, and Jefferson counties, as well as every municipality within each county. Building permits track future starts.

“The market is improving,” Whiton said.

The report shows that there were 490 permits issued for single-family detached homes in February, compared with 304 in February 2012.

In the first two months of this year, there were 967 permits issued for homes, a 58.4 percent jump from the 623 permits issued in the first two months of last year.

During the Great Recession, when the new housing market fell to the lowest levels on record, new homes accounted for only about 10 percent of all homes sold in the area, Whiton said.

Given the historically low inventory levels of resales on the market, new homes should account for a much bigger percentage of the overall market, Whiton said.

“The market share for new homes is climbing,” Whiton said. “It has been as high as about 20 percent and I think this year it will be at least in the low teens.”

Many more Realtors are focusing on selling new homes, rather than resales, he said.

“There has been a big market shift,” Whiton said. “Not only is there this huge shortage of resales, it is just easier to sell a new home than a resale. A new home is a much better product. Builders just make it easier to buy a new home. They build a better product. They are more energy-efficient and fresh. They can often be customized to the way the consumer wants it.”
 However, builders may not be able to construct enough homes quickly enough to meet demand, he said.

“The existing supply of lots that are ready for building being absorbed quickly,” Whiton said. “Builders are looking for new lots.”

He said new homes prices are beginning to rise. During the tough times, builders weren’t able to charge consumers for things such as lot premiums, but they are today, he said.

“The market dictates what the price levels can be,” Whiton said. “Now, if homes with unique features, such as great views or next to a park or on a golf course, or near a good school, customers are bidding up those prices.”

www.insiderrealestatenews.com

 

 

John Marcotte

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Developers shy away from buying home

Developers shy away from buying home

Highlights:

  • Only one developer bid on mansion overlooking Denver Country Club.
  • Sonja Leonard Leonard believes other developers were scared off.
  • Conservation Fund stands to lose well into six figures because of lack of developer bids.

A number of developers did not make bids for a large home on six city lots overlooking the Denver Country Club, because they feared opposition from neighbors and Historic Denver Inc., according to the listing broker.

Sonja Leonard Leonard is listing the home at 101 S. Humboldt St. on behalf of the Conservation Fund.

Developers were scared to bid for this home listed for $2 million on behalf of the Conservation Fund.

Developers were scared to bid for this home listed for $2 million on behalf of the Conservation Fund.

The 5,198-square-foot home, donated to the Conservation Fund by the late Helen “Prue” Grant, was priced at $2 million.

“None of the bids were high enough for the Conservation fund, so we are going to continue marketing,” said Leonard, who was listing the home for the non-profit group for a 1 percent commission.

“Our problem is that developers or folks who want to tear it down face a huge obstacle in a neighborhood protest and in Historic Denver promising to jump in the minute a demolition permit is pulled,” she said.

Leonard said neighbors and Annie Levinsky, the executive director of Historic Denver, told her they planned to try to save the home, which lacks a historic designation, if a demolition permit is issued by the city. Levinsky could not immediately be reached for comment.

“I’m trying to find out exactly what non-owners can and cannot do,” Leonard said.

In December, the City Council made it more difficult for citizens to seek Landmark status for properties they do not know. The new ordinance, among other things, requires a minimum of three Denver residents or property owners, to seek the designation. Far more neighbors than that oppose the demolition of the home, Leonard said.

Leonard she said she believed the existing home could be razed and the parcel could include three new homes. The home was designed by Denver architect Thomas Moore. Victor Hornbein, another well-known architect, also was involved with the design of the home after it was built.

While about a half dozen developers looked at it, only one, a Texan, made an offer. That offer, she said, had a number of contingencies, such as the ability to allow him to move forward on the demolition, before he would pull the trigger.

A lot of developers were blind-sided by Historic Denver,” she said. “It just scared the living daylights out of them.”

Leonard said she did receive a number of offers for the home and it is possible that it may be placed under contract shortly, although a developer would be willing to pay a higher price.

“I think it will be sold by Sunday,” said Leonard, who held open houses for the property during the previous two Sundays, which together drew about 550 people.

“All of the offers came in within $100,000 of each other,” she said. “We took the one, which was not the highest, but had the fewest contingencies, and made a counter offer. We’ll see what happens.”

She said she can not be specific about the dollar amount of the offers.

Leonard said the irony about the opposition from Historic Denver is that she loves to preserve buildings and if she had her druthers, the home would be saved from the wrecking ball.

 

 

John Marcotte

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Real Estate Transaction Coordination

Hey fellow Realtors, there’s no shame in having an extra hand helping you out to make sure all contract dates and duties are being taken care of. That’s why I have a Transaction Coordinator that helps me with every single deal I do.  Her name is Nicole Vallely and she has been in the Real Estate business for over 10 years. She  is a HUGE asset to my success and helped me grow my business. She has “Realtor hours” and has always been there for me when I’ve needed her. I strongly suggest you consider working with her.

 

Nicole Vallely

www.transactioneNVy.com

303-669-8868

Nov 056x2

 

John Marcotte

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Boulder’s History is No Mystery

Boulder’s History is No Mystery

Plenty of Ways to Stay, Eat, Play, Listen, See and Learn

Boulder’s history is easily experienced.  From its aesthetically-appealing historic downtown and neighborhoods, historic walking and bus tours, to its own National Historic Landmark, this college town of 103,000 residents is a history-lover’s dream town.

Downtown Boulder – Boulder celebrated its 150th anniversary in 2010 and the town’s history is evident in a number of places around town, most notably in the downtown historic area.   The Downtown Boulder Historic District was listed on the National Register of Historic Places in 1980.  Pearl Street is the main street and four blocks of it are closed to traffic which make-up the Pearl Street Mall.  It is the heart and soul of Boulder and the perfect spot to see Boulder’s distinctive lifestyle.    http://www.boulderdowntown.com/

  • Stay: Overnight at one of Boulder’s downtown historic properties – the Hotel Boulderado, the Bradley Boulder Inn, or the Briar Rose B&B.
  • Eat: Many of Boulder’s favorite restaurants are located in historic downtown Boulder.
  • Play:  Little kids cool-off by playing in the pop-jet fountains located on the pedestrian mall in front of the art deco Boulder County Courthouse.
  • Listen: Take a tour from Banjo Billy Bus Tours or Boulder Walking Tours and listen to guides tell stories about Boulder’s historic people and places.
  • See: Historical signs with words and photographs displayed along the Pearl Street Mall.
  • Learn: The Boulder History Museum is open every day except Mondays.

Chautauqua – Teddy Roosevelt called it “the most American thing in America.”  He was referring to the Chautauqua Movement, which was at its height in the late 1800’s through the early 1900’s, and was where Americans traveled to gather for multiple days to enjoy stimulating lectures, music, camaraderie and nature.  The Colorado Chautauqua was, and still is, located in Boulder.  It was named a National Historic Landmark in 2006.  It is located on 40 acres at the bottom of Boulder’s mountains – exactly where the mountains meet the plains – and is made up of nearly 100 cottages, a restaurant, an auditorium, a park, hiking trails and wide open spaces.  http://www.chautauqua.com/

  • Stay: Overnight in a historic cottage (studios to 3-bedrooms).
  • Eat: Linger on the wrap-around porch of the restaurant, circa 1898.
  • Play: Throw a ball, run around or take a nap under the big old trees in Chautauqua Park.
  • Listen: Attend a concert – symphonic or rock & roll – in the historic auditorium.
  • See: Stroll through the streets, gardens and hiking trails.

History – Boulder was first populated by miners who flocked to the area when gold was discovered in Boulder Canyon.  The city’s beginnings date to 1859 when a group of foresighted settlers organized the Boulder City Town Company.  In the early years, the town grew slowly, because lots were expensive and business was limited to trades which supplied the mining towns in the mountains.  In 1873, railroads connected Boulder to other major areas.  Between 1873 and 1880, the population tripled.  The young community of Boulder began preserving land in 1898 with the purchase of Chautauqua Park.    By the end of the 19th century, Boulder had already established itself as a center for health, recreation, and culture.  In 1967, Boulder became the first city in the US to tax itself for the acquisition, management, and maintenance of open space.  Today, there are 45,000 acres of this open space surrounding the city.

Located 35 minutes northwest of Denver and 45 minutes from Denver International Airport, Boulder is a captivating community enriched with natural beauty, hip urban culture and a vibrant love of the outdoors. Visit Boulder and experience its distinctive lifestyle overflowing with world-class restaurants, inspired shopping and art, unbeatable people watching, and thousands of acres of wide open spaces.

 

 

 

John Marcotte

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Boulder Facts

Boulder Facts


Location

Boulder is nestled in the foothills, where the rolling plains meet the Colorado Rocky Mountains. Centrally located near Denver, Denver International Airport, Eldora Ski Resort (Johnnie’s mountain!) and Rocky Mountain National Park. Downtown Denver is just 35 minutes away.  A few hours from many of Colorado’s world-famous ski resorts, making Boulder the ideal Colorado destination.

Age Demographics
18-24 Years — 31%
25-44 — 36%
45-64 — 25%
65+ — 8%
Median — 29

Elevation & Size
5,430 feet (Denver is 5,280 feet); City of Boulder is 27.8 square miles.

Population
102,500 residents, including 25,000 students at the University of Colorado.

Weather
Four distinct seasons and over 300 sunny days a year.
Average temperature highs/lows:

Spring (March-May) — 63/35 F
Summer (June-August) — 83/55 F
Fall (September-October — 72/45 F
Winter (November-February) — 45/23 F
Average 83.3 inches of snowfall a year.

Recreation
Rated the “#1 Sports Town in America” by Outside Magazine, Boulder offers countless year-round recreational activities. Take advantage of the 200 miles of public hiking and biking trails, approximately 43,000 acres of open space or the Boulder Creek Path, which runs through the middle of own.

Arts & Culture
More than 30 art galleries, 4 local museums, 32 movie & stage theaters and many festivals, including the Colorado Shakespeare Festival, Colorado Music Festival and Chautauqua Summer Festival.

Dining
More than 400 restaurants featuring local, regional and international foods.

Accommodations
Approximately 2,000 guestrooms, ranging from full service city hotels to rustic cabins to historic Victorian suites.  Whether you are staying at a cozy Bed & Breakfast or our largest conference hotel, mountain views and proximity to activities will ensure an unparalleled experience.

Sister Cities
Dushanbe, Tajikistan; Jalapa, Nicaragua; Lhasa, Tibet; Mante, Mexico; Yamagata, Japan

Founded
City of Boulder founded in 1859.

Courtest of www.bouldercoloradousa.com

 

 

John Marcotte

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New home permits rise 56%

New home permits rise 56%

Denver-area home builders started out the year on a strong note, as they struggle to meet consumer demands for new houses in a market with a record-low inventory of resale homes.

In January, builders pulled 497 permits for homes, a 55.8 percent increase from the 319 permits issued in January 2012, according to a report by the HBA of Metro Denver.

Brookfield Homes is having great success with its Midtown community, minutes from the more expensive Highland.

Brookfield Homes is having great success with its Midtown community, minutes from the more expensive Highland.

The report covers the counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Elbert and Jefferson, as well as every municipality in every county.

“January was the 22nd consecutive month that showed an increase from the same month in the previous year,” said Jeff Whiton, CEO of the HBA of Metro Denver.

The report also showed that single-family attached permits rose by 66 percent to 83 from 50 and apartment permits rose a whopping 345 percent to 276 from 62. In total, for all product types, there were 864 permits issued in January, a 100.5 percent increase from January 2012.

Permits are a sign of future construction.

Whiton said that while 2013 may show huge percentage increase in permit from 2012, as 2012 did from 2011, housing activity will still be far off its historic norm of about 15,000 housing starts annually.

Let’s say we do 8,500 homes this year,” Whiton said. “That is about half of the 15,000 we do in a traditional year and a long way from a booming housing market,” when builders pull about 30,000 permits.

Still, an improving housing market benefits the entire economy, and not just those directly involved in the industry, he emphasized.

“I think that a strong case can be made is that the residential construction economy is one of the biggest economic engines of the economy,” Whiton said.

“Every new home built will provide well over $30,000 from permits and other fees to local communities. And, on average, every home that is build creates the equivalent of a little over three permanent, full-time jobs.”

In addition, the “recurring” impact of building a home has a ripple effect beyond the first-year impact.

“Every two homes built, has the impact of creating the equivalent one recurring full-time job,” Whiton said. “So if do 8,500 homes this year, that translates into 25,000 to 30,00 new jobs.”

Consumers increasingly turning to new homes, because of the unprecedented lack of inventory of resale homes on the market.

There are now fewer resale homes on the market since Metrolist began tracking statistics in 1985, even though there are more than a million more people living in the metro area today.

For homes priced in the “sweet spot” from about $225,000 to $350,000, there are five buyers for every home available, according to some Realtors.

“There is this incredible pent-up demand from consumers, now that the economy is becoming better and consumer confidence is rising,” said housing consultant S. Robert August.

“The demand can’t be met by resale homes; there is simply nothing available,” he said. “A lot of Realtors are waking up to the fact that they need to start selling new homes.”

However, both August and Whiton agree that builders, for the most part, aren’t building speculative homes that aren’t pre-sold.

“I think for the most part, builders are just trying to keep up with the orders they have right now,” Whiton said.

At the same time, consumers increasingly prefer new homes to resale homes, he said.

Courtesy of InsideRealEstateNews.com – sponsored by Universal Lending,Land Title Guarantee and 8z Real Estate.

 

 

John Marcotte

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Snapshot of state’s housing market shows strength

Snapshot of state’s housing market shows strength

Buyers in Colorado purchased 18,343 single-family detached homes, condominium and townhomes in the state in the first quarter, a 16 percent increase from sales in the first quarter of 2012, according to a report released today by the Colorado Association of Realtors.

The Quarterly Market Statistical Reports also showed that new listings dropped slightly more than seven percent statewide, primarily due to drops in the Denver metro region and the mountain region.

Meanwhile, the median sales price rose nearly 15 percent to $225,000 compared to the first quarter 2012. Days on the market continued downward, dropping 22 percent to 90 days on average.

The statewide number of active listings for the first quarter was at 30,114, representing a 4.1-month inventory supply.

The Quarterly Market Statistical Reports are prepared by 10K Research and Marketing, a Minneapolis-based real estate technology company, and are based on data provided by Multiple Listing Services in Colorado. The reports represent approximately 90 percent of all MLS-listed residential real estate transactions in the state. The metrics do not include “For Sale by Owner” transactions or all new construction.

Sales of lender-mediated properties (properties owned by banks and other mortgage lenders) declined in all areas of the state, ranging from a drop of three percent in the Southeast to 44 percent in the Northwest area. Overall, such sales represented about 22 percent of all transactions in the first quarter 2013. The median sales price for lender-mediated properties increased 10 percent statewide compare to the same period in 2012.

The CAR Housing Affordability Index, a new statistical measure for Colorado’s housing market, dropped about seven percent to 163 for the state as a whole, declining in each area of the state except the Northwest. An index of 120 means the median household income in that area was 120 percent of what is necessary to qualify for the median-priced home under prevailing interest rates.

A higher number usually is interpreted as greater housing affordability. Higher values generally benefit buyers whereas lower values help sellers.

 

Metro Denver Region (Denver, Jefferson, Adams, Arapahoe, Broomfield, Douglas counties.)

Sales in this region rose 18 percent while median sales price jumped more than 16 percent to $240,000. Prices rose consistently throughout 2012, a trend that continued into the first quarter of this year. One of the consequences of improved prices is that the Affordability Index for Metro Denver has dropped steadily during 2012 and into the first quarter 2013.

Days on the market showed a 29 percent year-over-year drop, the largest drop of any region in the state.

In addition, this region had fewer han 9,100 homes available at the end of the quarter, representing a 2.2-month supply and down about 2000 from the fourth quarter of 2012.

Northeast Region (Boulder, Larimer, Logan, Morgan, Weld counties.) –

This region of Colorado continues its trends from 2012: new listings are up five percent (one of four regions showing an increase in this category); sales increased 19 percent, the seventh consecutive quarter of increases; days on the market decreased by 20 percent (surpassed only by Metro Denver).

The CAR Affordability Index dropped three percent. The region had nearly 5,700 homes available at the end of the quarter, representing a four-month supply.

Courtesy of The Colorado Association of Realtors, the state’s largest real estate trade association representing more than 19,000 members statewide. For more information:www.ColoradoREALTORS.com.

 

John Marcotte

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Multiple Offers For Sellers: How to Choose

Multiple Offers For Sellers: How to Choose

Tips for Handling Multiple=

1. You don’t need to counter each and every offer. – This is urban legend #1. You actually don’t even need to respond to every offer (although I don’t recommend this). No response equals rejection in Colorado. In addition, the “Acceptance Deadline” is only applicable if you will be ACCEPTING that offer as written. If you will be rejecting or countering an offer, that deadline is meaningless so don’t stress about it.

2. Narrow your possibilities to those that satisfy the most important aspects of your move. – Each offer will have it’s pros and cons. Is price most important to you? Maybe it’s an earlier closing date or perhaps it is a later closing date to allow you time to find a new home. For some it’s knowing the deal is rock solid because you had a previous offer that fell through. The factors are different for everyone, but filter each offer based on what is most important to you and your situation.

3. Verify financing of your top contenders – A lender letter is a must when a buyer presents an offer, however, it honestly isn’t worth the paper it is printed on. Your listing agent needs to discuss the buyer’s ability to qualify for a loan with their lender.

  • Has income & assets been verified or is it only based on verbal information provided by the buyer.
  • Has a full credit report been obtained.
  • Has the lender already had their underwriter review the file to ensure it will get approved.

These questions need to be asked to know how solid the financing is. Gone are the days where just a lender letter will suffice.

4. If the offer is non-contingent, VERIFY. – More than one seller and their agent have been misled by this fact. Ask for the contingent offer. Verify that buyer’s ability to qualify. Have inspections been completed? Any red flags. Verify Verify!!

5. How have your agent’s dealings been with the buyer’s agent? -Someone who has been polite, professional, competent and timely during the offer stage, is apt to be that way throughout the transaction.Other agents have a reputation of being difficult to deal with or always wanting to “win”, making the deal challenging. Ask your agent about their experience with the buyer’s agent(s).

6.Treat everyone fairly. Transactions fall apart, and you may be re-visiting these offers for a back-up if things don’t work out the first time.

 

Courtesy of  the Taylor Realty Group

 

John Marcotte

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