NOT LISTED FOR SALE

Estimated Value: $1,146,946

2.38 Acres
$481,910 Price per Acre
103,673 Sq Ft Lot

Last Sold March 11, 2024

Last sale price $1,200,000

Est. 4% decrease in value since last sale

Current estimated payment $7,414/month

55 Days on Market

Highlights

  • 2.38 Acre Lot
  • Prospect Valley Elementary School Rated A-
  • Mountain View

About This Lot

As of March 2024

SELLER FINANCING AVAILABLE. A coveted opportunity for development comes to light on this 103,673-square-foot lot. Situated in the heart of Applewood in Merkwood Estates, this rare, parcel of land of nearly 2.5 acres, surrounded by other high end estates, presents the option to design and build a sprawling estate or up to three residences. A development application is well underway streamlining the process for crafting a dream enclave. This property backs up to open space and features a creek running through it creating a serene backdrop. This established community of new, modern multi-million dollar homes offers a low-maintenance HOA for convenience and close proximity to Prospect Valley Elementary School. Residents enjoy easy access to I-70, Applewood amenities, Highland Square, Downtown Golden, Old Town Arvada and just minutes from the newly developed Clear Creek Crossing which will include a brand new Lifetime Fitness Country Club, Whole Foods, Lutheran Medical Campus, and much, much more.

Last Agent to Sell the Property

Kate Dean

Milehimodern Brokerage Email: kate.dean@milehimodern.com,303-588-3032 License #100089518 Listed on: 12/27/2023

Last Buyer's Agent

Kate Dean

Milehimodern Brokerage Email: kate.dean@milehimodern.com,303-588-3032 License #100089518 Listed on: 12/27/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,721

Lot Details

  • 2.38 Acre Lot
  • Property is zoned Residential Acreage

HOA Fees

  • $8 Monthly HOA Fees

Property Views

  • Mountain Views

Community Details

  • Merkwood Estates Association, Phone Number (720) 318-8523
  • Merkwood Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 508968

Property Details

Property Type

Land

Est. Annual Taxes

$7,721

Lot Details

2.38 Acres

HOA Fees

$8 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Exclusions: n/a
  • SubdivisionName: Merkwood Estates
  • Ownership: Agent Owner
  • REC_RVSpaces: 0
  • REC_WaterIncludedYN: 0
  • Ratio Close Price By Original Li: 0.88889
  • Special Features: None

Exterior Features

  • View: Mountain(s)

Garage/Parking

  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Merkwood Estates
  • Association Fee Frequency: Annually
  • Association Fee: 100
  • Phone: 720-318-8523
  • Association: Yes

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 100.00
  • REC_AssociationFeeTotalAnnual: 100.00
  • REC_AssociationManagementType: Self Managed

Lot Info

  • Parcel Number: 508968
  • Lot Size Acres: 2.38
  • Lot Size Sq Ft: 103861
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2023
Closed on
Mar 11, 2024
Sold by
Lot 7 Mwe Llc
Bought by
Halverson Jon D and Halverson Janine M
Seller's Agent
Kate Dean
Milehimodern
Buyer's Agent
Kate Dean
Milehimodern
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Views
68
Current Estimated Value
$1,146,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,054
Avg. Annual Appreciation
-2.21%
Original Mortgage
$600,000
Outstanding Balance
$435,439
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$711,507

Purchase Details

Closed on
Mar 2, 2020
Sold by
Merkwood Estates Llc
Bought by
Lot 7 Mwe Llc
Source: Public Records
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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
Halverson Jon D $1,200,000 Homestead Title & Escrow
Lot 7 Mwe Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halverson Jon D $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2024 03/11/24 Sold $1,200,000 -11.1% --
12/27/2023 12/27/23 For Sale $1,350,000 -- --
Source: REcolorado®

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 $16,474 $162,909 $162,909 --
2023 $16,474 $162,909 $162,909 $0
2022 $7,721 $81,262 $81,262 $0
2021 $7,173 $77,073 $77,073 $0
2020 $5,519 $59,344 $59,344 $0
2019 $5,445 $59,344 $59,344 $0
2018 $9,587 $101,825 $101,825 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 9738225

REcolorado®

APN: 39-282-05-161

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