NOT LISTED FOR SALE

Palace Lofts 1499 Blake St Unit 4E Denver, CO 80202

Lower Downtown Neighborhood

Estimated Value: $480,000 - $587,000

1 Bed
1 Bath
1,308 Sq Ft
$872/mo HOA Fee

Last Sold July 09, 2024

Last sale price $490,000 $375 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,831/month

37 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • Wood Flooring
  • Fitness Center
  • Open Floorplan
  • 3-minute walk to Downtown Children's Playground

About This Home

As of July 2024

Light filled Lodo loft - fabulous corner loft with spectacular hardwood floors. Updated kitchen including soap stone counters, stainless steel appliances, and newer cabinetry. Updated full bath as well and in-unit laundry. 24 hour on-site concierge to assist you with all your needs. True loft with endless possibilities to configure it to your specs! One underground parking space (and three parking spaces are currently listed for sale should you need more) and a storage unit. Palace Lofts also features a newly remodeled common area deck on the 10th floor, a fitness room and a conference room. Walking distance to Ball Arena, Coors Field, Union Station, restaurants and shops galore. Come live in this gem in Lodo.

Last Agent to Sell the Property

Christine Nicholson

LIV Sotheby's International Realty Brokerage Email: cnicholson@livsothebysrealty.com,720-319-5591 License #40044355 Listed on: 05/09/2024

LIV Sotheby's International Realty

Last Buyer's Agent

Bonnie Hissey

HomeSmart License #40018553

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • End Unit
  • Northwest Facing Home

HOA Fees

  • $872 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,308 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Window Treatments
  • Smart Doorbell

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Smoke Free Home

Schools

  • Greenlee Elementary School
  • Grant Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Seller`s Personal Property, staging items
  • Assessor Parcel Number 2331-19-085

Community Details

Overview

  • Association fees include reserves, maintenance structure, recycling, security, snow removal, trash
  • 136 Units
  • East West Urban Management Association, Phone Number (720) 904-6904
  • High-Rise Condominium
  • Palace Lofts Community
  • East Denver Boyds Subdivision

Amenities

  • Concierge
  • Business Center
  • Elevator
  • Bike Room

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,750

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$872 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Loft
  • Structure Type: High Rise (8+)
  • Levels: One
  • Building Name: Palace Lofts
  • Year Built: 1997
  • Above Grade Finished Sq Ft: 1308
  • Exclusions: Seller`s Personal Property, staging items
  • Living Area: 1308
  • Pets Allowed: Cats OK, Dogs OK
  • Property Condition: Updated/Remodeled
  • SubdivisionName: East Denver Boyds
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Builder
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 0.95146
  • Special Features: VirtualTour

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: High Ceilings, Jet Action Tub, Kitchen Island, No Stairs, Open Floorplan, Smoke Free, Stone Counters, Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Full Bathrooms: 1
  • Common Walls: End Unit
  • Basement: No
  • Total Bedrooms: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Window Features: Window Coverings

Exterior Features

  • Direction Faces: Northwest
  • Roof: Unknown
  • Construction Materials: Brick
  • Exterior Features: Elevator
  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Underground
  • Attached Garage: No
  • Garage Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Phone Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit, Laundry Closet
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Security Entrance, Smoke Detector(s), Video Doorbell

Condo/Co-op/Association

  • HOA Fee Includes: Reserves, Maintenance Structure, Recycling, Security, Snow Removal, Trash
  • Association Name: East West Urban Management
  • Association Fee Frequency: Monthly
  • Association Amenities: Bike Storage, Business Center, Concierge, Elevator(s), Fitness Center, Front Desk, On Site Management, Security
  • Association Fee: 872
  • Phone: 720-904-6904
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 10464.00
  • REC_AssociationFeeTotalAnnual: 10464.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_AssociationURL: www.palacelofts.org
  • REC_AssociationStatusLetterPercentageOrFee: $150
  • REC_AssociationTransferAmount: $150

Schools

  • Middle Or Junior School: Grant

Lot Info

  • Parcel Number: 2331-19-085
  • Building Area Total: 1308

Multi Family

  • Number Of Units Total: 136

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2750

MLS Schools

  • Elementary School: Greenlee
  • High School: West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Jul 9, 2024
Sold by
Lester Kathryn A
Bought by
Miller Kristi L
Seller's Agent
Christine Nicholson
LIV Sotheby's International Realty
Buyer's Agent
Bonnie Hissey
HomeSmart
List Price
$515,000
Sold Price
$490,000
Premium/Discount to List
-$25,000
-4.85%
Views
16
Current Estimated Value
$521,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,653
Avg. Annual Appreciation
4.29%

Purchase Details

Closed on
Oct 22, 1998
Sold by
National Palace Lofts Associates Lp
Bought by
Lester Kathryn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,920
Interest Rate
6.73%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miller Kristi L $490,000 First American Title
Lester Kathryn A $219,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lester Kathryn A $175,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $490,000 -4.9% $375 / Sq Ft
05/09/2024 05/09/24 For Sale $515,000 -- $394 / 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 $2,812 $35,500 $1,700 $33,800
2023 $2,827 $35,500 $1,700 $33,800
2022 $2,827 $36,830 $5,580 $31,250
2021 $2,827 $37,890 $5,740 $32,150
2020 $2,761 $37,210 $5,300 $31,910
2019 $2,683 $37,210 $5,300 $31,910
2018 $2,499 $32,300 $3,560 $28,740
2017 $2,491 $32,300 $3,560 $28,740
2016 $2,521 $30,910 $3,343 $27,567
2015 $2,415 $30,910 $3,343 $27,567
2014 $2,195 $26,430 $2,364 $24,066
Source: Public Records

Agents Affiliated with this Home

  • Christine Nicholson

    Seller's Agent in 2024

    Christine Nicholson

    LIV Sotheby's International Realty

    (720) 319-5591

    7 in this area

    86 Total Sales

    Christine Nicholson
    Section Image
  • Bonnie Hissey

    Buyer's Agent in 2024

    Bonnie Hissey

    HomeSmart

    (303) 668-8582

    2 in this area

    56 Total Sales

    Bonnie Hissey
    Section Image
See All Agents

About Palace Lofts

Map

Source: REcolorado®

MLS Number: 5824073

REcolorado®

APN: 2331-19-085

Colorado Denver County Denver 80202 Lower Downtown

1499 Blake St Unit 4E, Denver, CO

Not Listed for Sale

Condos

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