NOT LISTED FOR SALE

2480 S Gilpin St Denver, CO 80210

University Neighborhood

Estimated Value: $651,000 - $805,000

4 Beds
2 Baths
1,784 Sq Ft
$416/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $796,500 $446 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,228/month

3 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Private Yard
  • Asbury Elementary School Rated A-
  • Corner Lot
  • No HOA

About This Home

As of March 2023

Splendid over/under fully leased brick duplex located on the corner of the 2400 block of South Gilpin St. The strategic location of this property allows it to pull its tenant base from Centura Porter Adventist Hospital, the University of Denver, and people who either work in downtown Denver or the Denver Tech Center. Additionally, it is steps away from the Harvard Gulch pedestrian Trail allowing easy access to Downing St amenities such as Harvard Gulch mini park, DoBoer Park, Denver Beer CO, Little India, Lil Coffee Shop, Right Cream Ice Cream, and a Conoco gas station. The property is fully leased. The upper unit is paying $1900 + 50% G&E with a lease expiring May 31, 2023. The lower unit tenant is paying $1600 +50% G&E on a MTM basis and will be vacating at the end of April which gives the future owner immediate access to markets rents. The upper unit market rent equates to approximately $2300/mo and The Garden Level unit market rent should be approximately $1800/mo. This property will have very little down time between tenants and the previous owner had the upper unit pre-leased during the acquisition. Recent upgrades include: New HVAC unit installed June 2021. New Garden Level unit shower by Bathfitter installed February 2023. New Baseboard heater in living room of garden level unit installed 2022. New tiling in the kitchen of the upper unit and the bathroom of the lower unit installed June 2021. New Furnace installed March 2022. New Carpet & paint in the upper unit installed June 2021. New Egress Windows in lower unit bedrooms installed June 2021.

Last Agent to Sell the Property

Brad Bayer

LoKation License #100101462 Listed on: 03/07/2023

LoKation

Last Buyer's Agent

Brody Stinson

Compass - Denver License #40022804

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,074

Year Built

  • Built in 1953

Lot Details

  • 6,250 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Fixer Upper
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Oven
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Schools

  • Asbury Elementary School
  • Grant Middle School
  • South High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 220 Volts
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Smoke Free Home
  • Flood Zone Lot

Community Details

  • No Home Owners Association
  • Evanston Subdivision

Listing and Financial Details

  • Exclusions: Dryer in upper unit
  • Tenant pays for cable TV, electricity, gas, internet, trash collection
  • The owner pays for exterior maintenance, grounds care, insurance, taxes, water
  • Assessor Parcel Number 5265-12-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,074

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Contemporary
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1953
  • Above Grade Finished Sq Ft: 909
  • Current Use: Live/Work
  • Entry Location: Stairs
  • Exclusions: Dryer in upper unit
  • Living Area: 1784
  • Property Condition: Fixer
  • Directions: Lockbox is located on front door railing
  • SubdivisionName: Evanston
  • Ownership: Agent Owner
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 100.00
  • REC_ExpectedActiveDate: 2023-03-07
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Pantry, Smoke Free, Utility Sink
  • Flooring: Carpet, Linoleum, Tile, Wood
  • Basement: Daylight, Exterior Entry, Finished, Interior Entry
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 875
  • Entry Level: 1

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Architecural Shingle
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Yard, Rain Gutters
  • Patio and Porch Features: Front Porch

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Baseboard, Forced Air
  • Water Source: Public
  • Electric: 110V, 220 Volts
  • Laundry Features: In Basement, Main Level
  • 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

Schools

  • Middle Or Junior School: Grant

Lot Info

  • Parcel Number: 5265-12-027
  • Lot Size Acres: 0.14
  • Fencing: Partial
  • Building Area Total: 1884
  • Lot Features: Corner Lot, Flood Zone, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6250
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3074

MLS Schools

  • Elementary School: Asbury
  • High School: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Mar 24, 2023
Sold by
Bayer Bradley W
Bought by
Gartner Owen
Seller's Agent
Brad Bayer
LoKation
Buyer's Agent
Brody Stinson
Compass - Denver
List Price
$750,000
Sold Price
$796,500
Premium/Discount to List
$46,500
6.2%
Views
35
Current Estimated Value
$742,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,649
Avg. Annual Appreciation
-1.51%
Original Mortgage
$35,000,000
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 25, 2022
Sold by
Bmp Gilpin Llc
Bought by
Bayer Bradley W

Purchase Details

Closed on
May 18, 2021
Sold by
Nelson L Sjostrand Trust
Bought by
Bmp Gilpin Llc

Purchase Details

Closed on
Sep 3, 1998
Sold by
Sjostrand Nelson L and Sjostrand Marlene M
Bought by
The Trustee Nelson L Sjostrand Trust
Source: Public Records

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
Gartner Owen $796,500 First American Title
Bayer Bradley W -- None Listed On Document
Bmp Gilpin Llc $676,325 Bmp Gilpin Llc
The Trustee Nelson L Sjostrand Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lokal Communities Llc $35,000,000
Closed Gartner Owen $677,025
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $796,500 +6.2% $446 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $750,000 -- $420 / 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 $3,665 $46,280 $29,790 $16,490
2023 $3,586 $46,280 $29,790 $16,490
2022 $3,183 $40,030 $32,560 $7,470
2021 $3,074 $41,190 $33,500 $7,690
2020 $2,786 $37,550 $26,800 $10,750
2019 $2,708 $37,550 $26,800 $10,750
2018 $2,257 $29,170 $22,490 $6,680
2017 $2,250 $29,170 $22,490 $6,680
2016 $2,026 $24,840 $22,376 $2,464
2015 $1,941 $24,840 $22,376 $2,464
2014 $1,641 $19,760 $9,942 $9,818
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brad Bayer

    LoKation

    Section Image
  • Brody Stinson

    Buyer's Agent in 2023

    Brody Stinson

    Compass - Denver

    (720) 989-5895

    1 in this area

    76 Total Sales

    Brody Stinson
    Section Image
See All Agents

Map

Source: REcolorado®

MLS Number: 3277484

REcolorado®

APN: 5265-12-027

Colorado Denver County Denver 80210 University

2480 S Gilpin St, Denver, CO

This home is located at 2480 S Gilpin St, Denver, CO 80210 since 07 March 2023 and is currently estimated at $742,851, approximately $416 per square foot. This property was built in 1953. 2480 S Gilpin St is a home located in Denver County with nearby schools including Asbury Elementary School, Grant Beacon Middle School, and South High School.

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