NOT LISTED FOR SALE

Estimated Value: $1,345,000 - $1,825,000

0.19 Acre
$8,083,395 Price per Acre
8,400 Sq Ft Lot

Last Sold July 21, 2020

Last sale price $855,000 $435 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $9,293/month

8 Days on Market

Highlights

  • No HOA
  • Development of the land is complete
  • Level Lot
  • University Park Elementary School Rated A-
  • Partially Fenced Property
  • 4-minute walk to Observatory Park

About This Lot

As of July 2020

Fantastic location in Observatory Park with extra large 8400' lot! Excellent opportunity for a scrape or remodel. Former duplex currently on land. New builds or remodels in the immediate vicinity have sold for between $1.2 and $2.4 in the last six months.

This popular and sought-after neighborhood is close to DU, University Park Elementary School, Observatory and McWilliams Parks and restaurants on University Blvd. RTD Light Rail and bus lines nearby.

Last Agent to Sell the Property

Julie Anderson

AFJ Properties License #40000166 Listed on: 06/10/2020

Last Buyer's Agent

Matthew Clark

Thrive Real Estate Group License #100075480

Thrive Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,236

Year Built

  • 1912

Lot Details

  • 8,400 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Front and Back Yard Sprinklers
  • Grass Covered Lot
  • Development of the land is complete
  • Property is zoned U-SU-C

Parking

  • 2 Car Garage

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Observatory Park Subdivision

Listing and Financial Details

  • Exclusions: Seller's Personal Property.
  • Assessor Parcel Number 5253-05-029

Property Details

Property Type

Land

Est. Annual Taxes

$3,236

Year Built

1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Land
  • Property Sub Type: Improved Land
  • Current Use: Residential
  • Exclusions: Seller's Personal Property.
  • Directions: From University Blvd head east on Iliff Ave., South on Columbine. Home is on east side.
  • SubdivisionName: Observatory Park
  • Ownership: Individual
  • REC_RVSpaces: 0
  • REC_WaterIncludedYN: 1
  • Ratio Close Price By Original Li: 0.95106
  • Special Features: None
  • Year Built: 1912

Exterior Features

  • Road Frontage Type: Public
  • Road Surface Type: Alley Paved

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

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

Lot Info

  • Horses: No
  • Parcel Number: 5253-05-029
  • Lot Size Acres: 0.19
  • Fencing: Partial
  • Possible Use: Residential
  • Lot Features: Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 8400

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3236

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 21, 2020
Sold by
Rundles Linda A and Rundles Jeffrey W
Bought by
Volin Jennifer and Schaetzle Troy
Seller's Agent
Julie Anderson
AFJ Properties
Buyer's Agent
Matthew Clark
Thrive Real Estate Group
List Price
$899,000
Sold Price
$855,000
Premium/Discount to List
-$44,000
-4.89%
Total Days on Market
8
Current Estimated Value
$1,535,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$680,845
Avg. Annual Appreciation
12.78%
Original Mortgage
$510,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2009
Sold by
Rundles Linda A
Bought by
Rundles Linda A and Rundles Jeffrey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 1999
Sold by
Ebel Linda A
Bought by
Rundles Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.83%

Purchase Details

Closed on
Jun 13, 1996
Sold by
Ebel Craig W and Ebel Linda A
Bought by
Ebel Linda A

Purchase Details

Closed on
May 13, 1994
Sold by
Macbride William L and Macbride Nancy Ellen
Bought by
Ebel Craig W and Ebel Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.03%
Source: Public Records

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Range of Values:

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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
Volin Jennifer $855,000 Land Title Guarantee Co
Rundles Linda A -- Stewart Title
Rundles Linda A -- --
Ebel Linda A -- --
Ebel Craig W $240,000 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Volin Jennifer $1,284,000
Closed Volin Jennifer $510,000
Closed Volin Jennifer $254,915
Previous Owner Rundles Linda A $245,000
Previous Owner Rundles Linda A $238,000
Previous Owner Rundles Linda A $20,000
Previous Owner Rundles Jeffrey W $10,000
Previous Owner Rundles Linda A $234,500
Previous Owner Rundles Linda Ann $10,000
Previous Owner Rundles Linda A $132,500
Previous Owner Rundles Linda A $130,000
Previous Owner Rundles Linda A $5,132
Previous Owner Rundles Linda A $109,000
Previous Owner Ebel Linda A $27,341
Previous Owner Ebel Craig W $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2020 07/21/20 Sold $855,000 0.0% $435 / Sq Ft
07/21/2020 07/21/20 Sold $855,000 -4.9% $435 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/17/2020 06/17/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $899,000 0.0% $457 / Sq Ft
05/05/2020 05/05/20 For Sale $899,000 -- $457 / 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 $8,052 $101,670 $53,580 $48,090
2023 $6,052 $78,110 $53,580 $24,530
2022 $3,924 $49,340 $48,600 $740
2021 $3,788 $50,760 $50,000 $760
2020 $3,329 $52,020 $47,230 $4,790
2019 $3,236 $52,020 $47,230 $4,790
2018 $3,710 $47,960 $44,760 $3,200
2017 $3,699 $47,960 $44,760 $3,200
2016 $3,405 $41,750 $35,565 $6,185
2015 $3,262 $41,750 $35,565 $6,185
2014 $2,995 $36,060 $23,195 $12,865
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3168975

REcolorado®

APN: 5253-05-029