NOT LISTED FOR SALE

500 University Blvd Unit 506 Denver, CO 80206

Cherry Creek Neighborhood

Estimated Value: $1,065,970 - $1,134,000

4 Beds
2 Baths
1,037 Sq Ft
$1,061/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $1,100,000 $1,061 Per Sq Ft

Current estimated payment $6,655/month

Highlights

  • Property is near public transit
  • Wood Flooring
  • High Ceiling
  • Bromwell Elementary School Rated A-
  • Corner Lot
  • 3-minute walk to James N. Manley Park

About This Home

As of August 2022

Amazing investment opportunity in an incredible Cherry Creek location! Just blocks to all the shops, restaurants, and parks! Half occupied duplex allows for the option to live in one side and rent to other or turn both sides into rentals. Corner lot duplex featuring two, 2 bed/1 bath units, both featuring their own entrances, basements, and washer/dryers. The building maintains the original hardwood floors, built-ins, and charm.**Building is zoned G-RH-3** option to build up to 3 stories, great investment opportunity with the option to redevelop. Great tenants are in place through 08/31/2023 in 500 University, 506 University has been rented out furnished with 30+ day rentals.

Last Agent to Sell the Property

Laura Compton

LC Realty License #100074346 Listed on: 08/11/2022

Last Buyer's Agent

Laura Compton

LC Realty License #100074346 Listed on: 08/11/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,327

Year Built

  • Built in 1912

Lot Details

  • 4,370 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Corner Lot
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • High Ceiling

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Laundry in Basement

Location

  • Property is near public transit

Schools

  • Bromwell Elementary School
  • Morey Middle School
  • East High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System

Community Details

  • Cherry Creek Subdivision

Listing and Financial Details

  • Exclusions: Furnishing in 506 are negotiable, tenant personal property
  • Tenant pays for cable TV, electricity, internet, trash collection, water
  • The owner pays for grounds care, trash collection, water
  • Assessor Parcel Number 5016-34-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,327

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Above Grade Price per Sq Ft: 1060.75
  • Finished Price per Sq Ft: 1060.75
  • Total Price per Sq Ft: 652.82
  • Year Built: 1912
  • Above Grade Finished Sq Ft: 1037.00
  • Below Grade Sq Ft: 648.00
  • Exclusions: Furnishing in 506 are negotiable, tenant personal property
  • Living Area: 1037.00
  • P P A: 11000000.00
  • Projected Gross Income: 4800.00
  • SubdivisionName: Cherry Creek
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, High Ceilings, Jack & Jill Bath, Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Common Walls: 1 Common Wall
  • Basement: Partial
  • Basement: Yes
  • Total Bedrooms: 4

Exterior Features

  • Direction Faces: East
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Basement, In Unit

Schools

  • School District: Denver 1
  • Elementary School: Bromwell
  • Middle School: Morey
  • High School: East
  • Middle Or Junior School: Morey

Lot Info

  • Parcel Number: 5016-34-013
  • Lot Size Acres: 0.10
  • Building Area Total: 1685.00
  • Lot Features: Corner Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 4370.00

Rental Info

  • Owner Pays: Grounds Care, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Water

Multi Family

  • Unit Count: 2
  • Utility Billing to Tenants: Direct Billing from Utility, Included in Rent

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3327.00

MLS Schools

  • Elementary School: Bromwell
  • High School: East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Aug 22, 2022
Sold by
Nomad Labs Inc
Bought by
Bielecki Pawel and Rodriquez Melanie
Seller's Agent
Laura Compton
LC Realty
Buyer's Agent
Laura Compton
LC Realty
List Price
$1,100,000
Sold Price
$1,100,000
Total Days on Market
0
Current Estimated Value
$1,099,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15
Avg. Annual Appreciation
-0.00%

Purchase Details

Listed on
Mar 3, 2022
Closed on
Mar 31, 2022
Sold by
500-506 University Boulevard Llc
Bought by
Nomad Labs Inc
Seller's Agent
Hilary Ades
HomeSmart
Buyer's Agent
Lisa O'Neil
Nomad Brokerage Colorado LLC
List Price
$950,000
Sold Price
$1,085,000
Premium/Discount to List
$135,000
14.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
May 9, 2017
Sold by
Ades Andrew and Chesney Virginia
Bought by
500-506 University Boulevard Llc

Purchase Details

Closed on
Jun 16, 2015
Sold by
Triple-S Properties
Bought by
Ades Andrew and Chesney Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,250
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 11, 1993
Sold by
Lundberg Eunice Sanders
Bought by
Triple S Properties

Purchase Details

Closed on
Dec 1, 1993
Sold by
Sorgel Mary J and Tremmel Phyllis S
Bought by
Triple S Properties
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
Bielecki Pawel $1,100,000 None Listed On Document
Nomad Labs Inc $1,085,000 None Listed On Document
500-506 University Boulevard Llc -- None Available
Ades Andrew $651,000 Land Title Guarantee Company
Triple S Properties -- --
Triple S Properties -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bielecki Pawel $715,000
Previous Owner Ades Andrew $488,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $1,100,000 0.0% $1,061 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $1,100,000 +1.4% $1,061 / Sq Ft
03/31/2022 03/31/22 Sold $1,085,000 +14.2% $1,046 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $950,000 -- $916 / 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 $5,759 $72,710 $36,040 $36,670
2023 $5,634 $72,710 $36,040 $36,670
2022 $3,372 $42,400 $23,770 $18,630
2021 $3,327 $44,590 $25,000 $19,590
2020 $3,412 $45,980 $25,000 $20,980
2019 $3,316 $45,980 $25,000 $20,980
2018 $3,576 $46,220 $25,170 $21,050
2017 $3,565 $46,220 $25,170 $21,050
2016 $3,318 $40,690 $27,828 $12,862
2015 $3,179 $40,690 $27,828 $12,862
2014 $1,953 $23,510 $15,172 $8,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7280667

REcolorado®

APN: 5016-34-013