NOT LISTED FOR SALE

1729 S Madison St Unit 1735 Denver, CO 80210

Cory-Merrill Neighborhood

Estimated Value: $961,000 - $1,138,350

6 Beds
1 Bath
2,624 Sq Ft
$400/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $925,000 $353 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,986/month

168 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Private Yard
  • 1-Story Property
  • Cory Elementary School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

As of February 2021

Wonderfully renovated Triplex in Cory-Merrill! Fantastic investment potential or live in one unit and rent the other 2. Brand-new remodel on each unit completed 8/20/20. This triplex is as central as they come, walking distance from light rail, food and shopping. Close to the University of Denver and has access to great schools. Each unit has 2 bedrooms/1 bath with private entrances, yard, spacious bedrooms, laminate hardwood floors, and in unit washer/dryer. Separate back yards for each unit, and a great front yard..

Last Agent to Sell the Property

Joshua Steck

Compass - Denver License #100006497 Listed on: 06/18/2020

Compass - Denver

Last Buyer's Agent

Joshua Steck

Compass - Denver License #100006497 Listed on: 06/18/2020

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,529

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 9,520 Sq Ft Lot
  • 1 Common Wall
  • Dog Run
  • Level Lot
  • Private Yard

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Midcentury Modern Architecture
  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,624 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Cory Elementary School
  • Merrill Middle School
  • South High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • Smoke Free Home
  • Ground Level

Listing and Financial Details

  • Property held in a trust
  • Tenant pays for cable TV, electricity, gas, internet
  • The owner pays for exterior maintenance, taxes, trash collection
  • Assessor Parcel Number 5244-20-022

Community Details

Overview

  • No Home Owners Association
  • Cory Merrill Subdivision

Building Details

  • Operating Expense $12,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,529

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Mid-Century Modern
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1955
  • Above Grade Finished Sq Ft: 2624
  • Entry Location: Ground
  • Exclusions: none
  • Living Area: 2624
  • Property Condition: Updated/Remodeled
  • Directions: Google
  • SubdivisionName: Cory-Merrill
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.15770
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Interior Amenities: Smoke Free
  • Flooring: Laminate
  • Common Walls: 1 Common Wall
  • Basement: No

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Membrane
  • Construction Materials: Block, Brick
  • Exterior Features: Dog Run, Private Yard

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 12200

Schools

  • Middle Or Junior School: Merrill

Lot Info

  • Parcel Number: 5244-20-022
  • Lot Size Acres: 0.22
  • Building Area Total: 2624
  • Lot Features: Level
  • Lot Size Sq Ft: 9520
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Exterior Maintenance, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas, Internet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3529

MLS Schools

  • Elementary School: Cory
  • High School: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Feb 19, 2021
Sold by
1729 S Madison Llc
Bought by
Keatts Garrick and Keatts Tera
Seller's Agent
Joshua Steck
Compass - Denver
Buyer's Agent
Joshua Steck
Compass - Denver
List Price
$999,500
Sold Price
$925,000
Premium/Discount to List
-$74,500
-7.45%
Total Days on Market
168
Current Estimated Value
$1,049,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,675
Original Mortgage
$740,000
Outstanding Balance
$683,349
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2015
Sold by
Leach Angie
Bought by
1729 S Madison Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2015
Sold by
Choury Mark J
Bought by
Leach Angie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 21, 2005
Sold by
Choury Judith H
Bought by
Choury Mark J

Purchase Details

Closed on
Jan 31, 1997
Sold by
Green Carl J and Green Jeanne J
Bought by
Choury Mark J and Choury Judith H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.75%
Mortgage Type
Seller Take Back
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
Keatts Garrick $925,000 Land Title Guarantee Company
1729 S Madison Llc -- None Available
Leach Angie $515,000 Stewart Title
Choury Mark J -- --
Choury Mark J $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keatts Garrick $740,000
Closed 1729 S Madison Llc $685,000
Previous Owner 1729 S Madison Llc $386,250
Previous Owner Choury Mark J $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $925,000 -7.5% $353 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $999,500 +8.1% $381 / Sq Ft
07/13/2020 07/13/20 Off Market $925,000 -- --
07/13/2020 07/13/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $799,000 -- $304 / 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 $4,991 $63,010 $47,900 $15,110
2023 $4,882 $63,010 $47,900 $15,110
2022 $3,999 $50,280 $46,530 $3,750
2021 $3,946 $52,880 $48,930 $3,950
2020 $3,630 $48,930 $39,750 $9,180
2019 $3,529 $48,930 $39,750 $9,180
2018 $3,282 $42,420 $35,420 $7,000
2017 $3,272 $42,420 $35,420 $7,000
2016 $2,830 $34,700 $32,341 $2,359
2015 $2,711 $34,700 $32,341 $2,359
2014 $2,546 $30,650 $25,536 $5,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 5989340

REcolorado®

APN: 5244-20-022