NOT LISTED FOR SALE

Estimated Value: $750,974

0.37 Acre
$2,029,659 Price per Acre
16,117 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $2,185,000 $1,402 Per Sq Ft

Current estimated payment $4,967/month

168 Days on Market

Highlights

  • Lake View
  • No HOA
  • Development of the land is complete
  • 0.37 Acre Lot
  • 16 Car Attached Garage

About This Lot

As of May 2021

Townhouse development opportunity located just one block from Sloan’s Lake and a short walk to Edgewater Shopping District. Concept plans for 14 Townhome Units have been approved to progress to SDP. Homes with rooftop decks will have amazing views of the lakes and the mountains (see pictures).

Location is top-notch with just a quick two-minute walk to Sloan’s lake. Within ¼ mile gets you to Joyride Brewing Co., Griffin Coffee, and US Thai Café. Within 2/3 of a mile is King Soopers, Target, Shiso Sushi, Starbucks, and the brand-new Edgewater Public Market.

Currently there are 2 vacant single-family homes on the site. This site is also permit-ready for a 38-unit apartment building. DD available is from the apartment entitlement.

KEY METRICS
• The Zone lot is 16,238 sf.
• Home Price Appreciation – According to the Federal Housing Association, Colorado ranks 2nd for home appreciation since 1991, only behind Washington D.C. In the last five years Denver metro experienced a 58.6% appreciation.
• Supply and Demand – According to the University of Denver, while 12,324 new units were built in 2018, a total of 13,708 units were absorbed.
• Highly Educated Workforce – According to City Lab, Denver is ranked #8 for cities where college-educated adults live. Additionally, Denver is ranked #5 for growth of college-educated adults.
• Tech Migration – Since 2010, more than one in three tech companies operating in the Bay Area have opened offices in Denver. These are firms such as Apple, Google, Facebook, and Lyft.

Last Agent to Sell the Property

Jesse Rolla

REDT LLC License #100051223 Listed on: 11/25/2020

Last Buyer's Agent

Jesse Rolla

REDT LLC License #100051223 Listed on: 11/25/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,003

Year Built

  • 1889

Lot Details

  • 0.37 Acre Lot
  • Property fronts a private road
  • Development of the land is complete
  • Property is zoned U-MX-3

Parking

  • 16 Car Attached Garage

Property Views

  • Lake
  • Mountain

Utilities

  • Phone Available

Community Details

  • No Home Owners Association
  • Sloans Lake Subdivision

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 2312-08-050

Property Details

Property Type

Land

Est. Annual Taxes

$8,003

Year Built

1889

Lot Details

0

Parking

16

Listing Details

  • Property Type: Land
  • Property Sub Type: Improved Land
  • Exclusions: none
  • SubdivisionName: Sloans Lake
  • Ownership: Corporation/Trust
  • REC_RVSpaces: 0
  • REC_WaterIncludedYN: 1
  • Ratio Close Price By Original Li: 1.04048
  • Special Features: None
  • Year Built: 1889

Exterior Features

  • View: Lake, Mountain(s)
  • Road Frontage Type: Private Road, Public

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 16
  • Total Parking Spaces: 16
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, 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

  • Parcel Number: 2312-08-050
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16238
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2018
Sold by
Humphrey Christopher
Bought by
Nma Dla Investment Properties Llc
Total Days on Market
168
Current Estimated Value
$750,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,253
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2008
Sold by
Lundstrom Russell
Bought by
Humphrey Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 11, 2005
Sold by
Bush Jeanette I
Bought by
Lundstrom Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,150
Interest Rate
6.75%
Mortgage Type
Unknown
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
Nma Dla Investment Properties Llc $832,015 First American Title
Humphrey Christopher $235,000 None Available
Lundstrom Russell $237,000 Fahtco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nma Dla Investment Properties Llc $2,000,000
Previous Owner Nma Dla Investment Properties Llc $465,253
Previous Owner Humphrey Christopher $188,000
Previous Owner Lundstrom Russell $225,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $2,185,000 0.0% $1,402 / Sq Ft
02/01/2021 02/01/21 Off Market $2,185,000 -- --
11/25/2020 11/25/20 For Sale $2,100,000 -- $1,348 / 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
2021 $8,236 $110,370 $110,300 $70
2020 $8,221 $110,800 $110,300 $500
2019 $8,003 $110,980 $99,590 $11,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6659732

REcolorado®

APN: 2312-08-050