$430,000
SOLD JUL 31, 2024

2823 W Archer Place Denver, CO 80219

Valverde Neighborhood
6 Beds
3 Baths
2,087 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$206 Per Sq Ft

11% Below List Price

4 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Partially Fenced Property
  • 1-Story Property
  • South Facing Home
  • 4-minute walk to Ulibarri Park

About This Home

As of July 2024

Visit 2823archer.com for more info! **Investor Fixer Upper Special** - Experienced Investors only. This triplex is a great fix and flip opportunity. Can be converted to a Triplex, Duplex or one large house. After Repair Value is estimated to be $800,000 as a Triplex. It is stripped down to the studs, includes a 2 car detached garage + ample space to build a 3rd garage space. The main floor unit has the potential for a 3 bedroom, 1 bath unit and the basement has the potential for a 1 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. The property is located just 14 minutes from Downtown Denver, and in the developing neighborhood of Valverde. New development construction surrounds this property, including on the lot next door. Purchase significantly below market value and capitalize on the opportunity to build equity through strategic improvements. Note: Property being sold in "as-is" condition.

Last Agent to Sell the Property

Michelle Glass

Keller Williams Integrity Real Estate LLC Brokerage Email: MichelleDirect@kw.com,720-741-0613 License #100038971 Listed on: 07/19/2024

Keller Williams Integrity Real Estate LLC

Last Buyer's Agent

Alberto Rodriguez

Metropolitan Denver RE Brokerage License #40041669

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,798

Year Built

  • Built in 1953

Lot Details

  • 9,148 Sq Ft Lot
  • South Facing Home
  • Partially Fenced Property
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Fixer Upper
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Schools

  • Barnum Elementary School
  • Kepner Middle School
  • West High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Valverde Subdivision

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 5085-10-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,798

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Year Built: 1953
  • Above Grade Finished Sq Ft: 1297
  • Exclusions: Personal Property
  • Living Area: 2087
  • Property Condition: Fixer
  • SubdivisionName: Valverde
  • Ownership: Corporation/Trust
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 507.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.88660
  • Attribution Contact: MichelleDirect@kw.com,720-741-0613
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 790

Exterior Features

  • Direction Faces: South
  • Roof: Composition
  • Construction Materials: Block, Concrete

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard
  • Water Source: Public

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: Kepner

Lot Info

  • Parcel Number: 5085-10-021
  • Lot Size Acres: 0.21
  • Fencing: Partial
  • Building Area Total: 2594
  • Lot Features: Level
  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1798

MLS Schools

  • Elementary School: Barnum
  • High School: West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Jul 31, 2024
Sold by
2823 W Archer Place Llc
Bought by
Tcs Homes Llc
Seller's Agent
Michelle Glass
Keller Williams Integrity Real Estate LLC
Buyer's Agent
Alberto Rodriguez
Metropolitan Denver RE Brokerage
List Price
$485,000
Sold Price
$430,000
Premium/Discount to List
-$55,000
-11.34%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.89%
Original Mortgage
$575,000
Interest Rate
1%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 14, 2023
Closed on
Mar 13, 2024
Sold by
Schwartz Melissa R
Bought by
2823 Warcher Place Llc
Seller's Agent
Bruce Berman
Brix Real Estate LLC
Buyer's Agent
Dana Goldfarb
RE/MAX Professionals
List Price
$357,000
Sold Price
$270,000
Premium/Discount to List
-$87,000
-24.37%
Views
325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
240.29%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $430,000 None Listed On Document
Fiduciary Deed $270,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $575,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 Price Changed $774,900 -3.1% $597 / Sq Ft
05/16/2025 05/16/25 For Sale $799,900 +86.0% $617 / Sq Ft
07/31/2024 07/31/24 Sold $430,000 -11.3% $206 / Sq Ft
07/19/2024 07/19/24 For Sale $485,000 +79.6% $232 / Sq Ft
03/13/2024 03/13/24 Sold $270,000 -24.4% $129 / Sq Ft
12/14/2023 12/14/23 For Sale $357,000 -- $171 / 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 $1,838 $29,900 $7,430 $22,470
2023 $1,798 $29,900 $7,430 $22,470
2022 $1,579 $26,800 $10,380 $16,420
2021 $1,523 $27,560 $10,670 $16,890
2020 $1,971 $26,560 $8,900 $17,660
2019 $1,915 $26,560 $8,900 $17,660
2018 $1,350 $17,450 $7,160 $10,290
2017 $1,346 $17,450 $7,160 $10,290
2016 $1,049 $12,860 $5,946 $6,914
2015 $1,005 $12,860 $5,946 $6,914
2014 $795 $9,570 $3,303 $6,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 9584926

REcolorado®

APN: 5085-10-021