NOT LISTED FOR SALE

1518 S Sherman St Unit 1518-1520 Denver, CO 80210

Platt Park Neighborhood

Estimated Value: $1,276,000 - $1,437,000

5 Beds
3 Baths
2,734 Sq Ft
$487/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $1,275,000 $466 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,765/month

1 Day on Market

Highlights

  • Wood Flooring
  • Front Porch
  • Forced Air Heating and Cooling System
  • South High School Rated A-
  • Patio
  • 2-minute walk to James H. Platt Park

About This Home

As of July 2022

This perfectly located Platt Park property offers a unique opportunity to own both sides of a duplex for the price of a single-family home. As a duplex you can live in one side and rent the other for income or rent both sides as strictly an
investment property. The property is well maintained and updated over the years and move-in ready! Unit 1518 features a
large front porch, 4 bedrooms and 2 baths, a large kitchen and a separate laundry room in the back. This unit is occupied
by a single tenant with a lease through January 2023 at $3,250 a month. Unit 1520 (accessible by pathway to the right)
features a 2-story house with 1-bedroom, full bath, extra space for an office and full kitchen as well as separate laundry
room. In addition, the property has a three car garage accessible from the alley. Just two blocks to the Platt Park, a short

walk to Old South Pearl Street and the light rail all just a few blocks from your door on South Broadway. Beautiful zero-
scape landscaping with sprinkle system in the front and back yards. The roof was replaced 7 years ago.

Last Agent to Sell the Property

Andrea Cocking

Red Brick Real Estate License #100081079 Listed on: 06/23/2022

Last Buyer's Agent

Kevin Shelledy

Compass - Denver License #100057265

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,893

Year Built

  • Built in 1897 | Remodeled

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Mckinley-Thatcher Elementary School
  • Grant Middle School
  • South High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units
  • Flemings Broadway Addition Subdivision

Listing and Financial Details

  • Exclusions: Seller's personal property
  • Assessor Parcel Number 5227-08-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,893

Year Built

Built in 1897 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Multi-Family
  • Structure Type: Duplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 466.35
  • Finished Price per Sq Ft: 466.35
  • Total Price per Sq Ft: 389.19
  • Year Built: 1897
  • Above Grade Finished Sq Ft: 2734.00
  • Below Grade Sq Ft: 542.00
  • Exclusions: Seller's personal property
  • Living Area: 2734.00
  • P P A: 9107142.86
  • Upper Level Bathrooms: 1
  • Upper Level Bedrooms: 1
  • Property Condition: Updated/Remodeled
  • SubdivisionName: FLEMINGS BROADWAY ADDITION
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Laminate, Tile, Wood
  • Full Bathrooms: 2
  • Room Count: 8
  • Common Walls: 1 Common Wall
  • Basement: Unfinished
  • Basement: Yes
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4

Exterior Features

  • Foundation Details: Block
  • Roof: Architectural Shingles
  • Construction Materials: Brick
  • Patio and Porch Features: Front Porch, Patio
  • Road Frontage Type: Public Road
  • Road Surface Type: Alley Paved

Garage/Parking

  • Garage Spaces: 3
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Schools

  • School District: Denver 1
  • Elementary School: McKinley-Thatcher
  • Middle School: Grant
  • High School: South
  • Middle Or Junior School: Grant

Lot Info

  • Parcel Number: 5227-08-003
  • Lot Size Acres: 0.14
  • Building Area Total: 3276.00
  • Lot Size Sq Ft: 6250.00

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4892.70

MLS Schools

  • Elementary School: McKinley-Thatcher
  • High School: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jul 29, 2022
Sold by
Martin Cassie C
Bought by
Daniel B J Droller Trust
Seller's Agent
Andrea Cocking
Red Brick Real Estate
Buyer's Agent
Kevin Shelledy
Compass - Denver
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,332,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,019
Avg. Annual Appreciation
1.50%
Original Mortgage
$828,750
Outstanding Balance
$798,639
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$533,380

Purchase Details

Closed on
Feb 22, 2021
Sold by
Coppersmith Cassie J and Coppersmith Cassie
Bought by
Martin Cassie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2015
Sold by
Coppersmith Cassie J and Coppersmith Larry W
Bought by
Coppersmith Cassie J and Coppersmith Cassie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2013
Sold by
Hession Peter M
Bought by
Coppersmith Cassie J and Coppersmith Larry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2012
Sold by
Pyle Laura
Bought by
Hession Peter M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2005
Sold by
Marshall Mary Dean
Bought by
Pyle Thomas

Purchase Details

Closed on
Nov 12, 2003
Sold by
Tomar Properties Llc
Bought by
Marshall Mary Dean

Purchase Details

Closed on
Aug 12, 2003
Sold by
Tomar Properties Llc
Bought by
Marshall Mary Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2001
Sold by
Kalson Amy Beth and Armstrong Richard M
Bought by
Tomar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.75%
Mortgage Type
Unknown

Purchase Details

Closed on
May 21, 1998
Sold by
Joy Richard B and Joy Marjorie A
Bought by
Armstrong Richard M and Kalson Amy Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.22%
Source: Public Records

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Range of Values:

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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
Daniel B J Droller Trust $1,275,000 None Listed On Document
Martin Cassie C -- First Integrity Title
Coppersmith Cassie J -- None Available
Coppersmith Cassie J $570,000 None Available
Hession Peter M $480,000 Land Title Guarantee Company
Pyle Thomas $405,000 Land Title
Marshall Mary Dean -- --
Marshall Mary Dean -- Chicago Title Co
Tomar Properties Llc $370,000 --
Armstrong Richard M $237,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniel B J Droller Trust $828,750
Previous Owner Martin Cassie C $390,000
Previous Owner Coppersmith Cassie J $444,000
Previous Owner Coppersmith Cassie J $456,000
Previous Owner Hession Peter M $384,000
Previous Owner Hession Peter M $48,000
Previous Owner Marshall Mary Dean $252,000
Previous Owner Tomar Properties Llc $250,000
Previous Owner Tomar Properties Llc $60,000
Previous Owner Armstrong Richard M $213,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $1,275,000 0.0% $466 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $1,275,000 -- $466 / 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 $5,330 $67,300 $41,140 $26,160
2023 $5,215 $67,300 $41,140 $26,160
2022 $5,069 $63,740 $38,750 $24,990
2021 $4,893 $65,570 $39,860 $25,710
2020 $4,564 $61,510 $31,890 $29,620
2019 $4,436 $61,510 $31,890 $29,620
2018 $3,800 $49,120 $27,090 $22,030
2017 $3,789 $49,120 $27,090 $22,030
2016 $3,822 $46,870 $25,520 $21,350
2015 $3,662 $46,870 $25,520 $21,350
2014 $3,168 $38,140 $13,819 $24,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3526836

REcolorado®

APN: 5227-08-003