NOT LISTED FOR SALE

Estimated Value: $419,000 - $445,000

4 Beds
2 Baths
1,687 Sq Ft
$254/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $353,000 $209 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,453/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Corner Lot
  • Traditional Architecture
  • Bonus Room
  • 4-minute walk to Garfield Lake Park

About This Home

As of January 2023

Just a short walk to Garfield Lake Park, and still close to dozens of restaurants, this is an unbelievable opportunity to own a single family home (on a large lot) in one of Denver's great neighborhoods for $300K. The layout is perfect for an investor to remodel everything and fetch top dollar for a large house, or a house-hacker to close the wall at the stairs and make a perfect downstairs rental unit with separate entrance. Real natural hardwood floors lead throughout a home that is bathed in natural sunlight from large windows and has 4 bedrooms and 2 baths. The living/kitchen and basement living room all have south facing windows for amazing natural light throughout the day. The basement also features a fully functional kitchen along with 2 bedrooms and a bath making the perfect mother-in-law or potentially an up/down duplex to maximize cash flow. The property has a large detached 2-car garage with a separate entrance to a workshop attached to the garage and a huge mudroom/pantry/laundry room going from the back yard to the main house. An investor or homeowner could do some remodeling and have an after remodel value near $600,000 or slightly above leaving a MASSIVE profit margin potential with the current list price. The home is located close to downtown with easy access to the mountains either via 6th Ave or Hwy 285 and a short drive to Sloans Lake and Belmar for nearby entertainment options. We have priced it knowing that the new owners will want to do some remodeling, so the home is being sold as-is. Buyers can feel free to have an inspection, but the seller won't be providing any concessions or making any repairs during the inspection process...by submitting an offer, the buyer is acknowledging that they are waiving inspection rights. The seller also needs a lease back of a minimum of 30 days and preferably 60 days.

Last Agent to Sell the Property

Tim Aberle

Thrive Real Estate Group License #100055982 Listed on: 01/04/2023

Thrive Real Estate Group

Last Buyer's Agent

Susheel Nalla

Coldwell Banker Realty 24 License #100096833

Coldwell Banker Realty 24

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1940

Lot Details

  • 5,560 Sq Ft Lot
  • East Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Private Yard
  • Garden
  • Property is zoned E-SU-D1X

Parking

  • 2 Car Garage
  • Dry Walled Garage
  • Epoxy
  • Exterior Access Door

Home Design

  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Living Room
  • Bonus Room
  • Finished Basement
  • 2 Bedrooms in Basement

Kitchen

  • Cooktop
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Schools

  • Castro Elementary School
  • Kepner Middle School
  • Abraham Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Kentucky Gardens Annex Subdivision

Listing and Financial Details

  • Exclusions: Sellers Personal Property
  • Assessor Parcel Number 5184-28-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,274

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structure Type: House
  • Levels: One
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 888
  • Exclusions: Sellers Personal Property
  • Living Area: 1687
  • SubdivisionName: Kentucky Gardens Annex
  • Ownership: Individual
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 1
  • REC_BasementLevelBedrooms: 2
  • REC_BelowGradeUnfinishedArea: 89.00
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 1
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Disposal, Dryer, Refrigerator, Washer
  • Flooring: Tile, Wood
  • Full Bathrooms: 2
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 799
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Exterior Features

  • Direction Faces: East
  • Roof: Composition
  • Construction Materials: Frame, Wood Siding
  • Exterior Features: Garden, Private Yard
  • Patio and Porch Features: Deck

Garage/Parking

  • Parking Features: Dry Walled, Exterior Access Door, Floor Coating
  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Internet Access (Wired), Phone Available
  • Sewer: Public Sewer
  • Cooling: Central Air, Evaporative Cooling
  • Heating: Forced Air
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Kepner

Lot Info

  • Parcel Number: 5184-28-013
  • Lot Size Acres: 0.13
  • Fencing: Partial
  • Building Area Total: 1776
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5560
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1274

MLS Schools

  • Elementary School: Castro
  • High School: Abraham Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Apparasu Praneeth
Bought by
Apparasu Praneeth and Apparasu Prathyusha
Current Estimated Value
$428,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Outstanding Balance
$467,666
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
-$38,978

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jan 31, 2023
Sold by
Gonzales Robert
Bought by
Apparasu Praneeth
Seller's Agent
Tim Aberle
Thrive Real Estate Group
Buyer's Agent
Susheel Nalla
Coldwell Banker Realty 24
List Price
$300,000
Sold Price
$353,000
Premium/Discount to List
$53,000
17.67%
Views
148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$335,350
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2009
Sold by
Terhorst Mark A
Bought by
Gonzales Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,265
Interest Rate
5.26%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2006
Sold by
Bank Of New York
Bought by
Terhorst Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,250
Interest Rate
6.32%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 2, 2006
Sold by
Lowrance Patrick A and Lowrance Audra
Bought by
Bank Of New York and Certificate Holders Of Cwabs 2004-07

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,250
Interest Rate
6.32%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 2, 2002
Sold by
Lowrance Patrick A
Bought by
Lowrance Patrick A and Lowrance Audra H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.35%

Purchase Details

Closed on
May 27, 1997
Sold by
Fortune Marlene R
Bought by
Lowrance Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,849
Interest Rate
8.17%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Apparasu Praneeth -- Fitco
Apparasu Praneeth $353,000 --
Gonzales Robert $151,000 Htco
Terhorst Mark A $117,500 None Available
Bank Of New York -- None Available
Lowrance Patrick A -- Land Title Guarantee Company
Lowrance Patrick A $92,058 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Apparasu Praneeth $476,000
Previous Owner Apparasu Praneeth $335,350
Previous Owner Gonzales Robert $148,265
Previous Owner Terhorst Mark A $82,250
Previous Owner Lowrance Patrick A $148,000
Previous Owner Lowrance Patrick A $90,849
Closed Lowrance Patrick A $3,400
Closed Lowrance Patrick A $37,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Sold $353,000 +17.7% $209 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $300,000 -- $178 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,053 $25,920 $3,700 $22,220
2023 $1,489 $25,920 $3,700 $22,220
2022 $1,319 $23,540 $7,080 $16,460
2021 $1,274 $24,220 $7,290 $16,930
2020 $1,135 $22,450 $5,510 $16,940
2019 $1,619 $22,450 $5,510 $16,940
2018 $1,283 $16,590 $3,970 $12,620
2017 $1,280 $16,590 $3,970 $12,620
2016 $1,003 $12,300 $3,725 $8,575
2015 $961 $12,300 $3,725 $8,575
2014 $758 $9,130 $2,189 $6,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7208230

REcolorado®

APN: 5184-28-013