5225 Balsam St Unit 5 Arvada, CO 80002
Estimated payment $1,556/month
Highlights
- Contemporary Architecture
- Private Yard
- Dining Room
- Wood Flooring
- Living Room
- 5-minute walk to Griffifth Station Park
About This Home
**** This home is part of an AFFORDABLE HOMEOWNERSHIP PROGRAM through Elevation Community Land Trust (ECLT)*****
$5,000 Seller Concession available for limited time!
AFFORDABLE HOMEOWNERSHIP Through Elevation Community Land Trust (ECLT)
Step into this charming 2-bedroom, 1-bathroom, 2-story condo offering an open floor plan filled with natural light. The spacious living room includes convenient understair storage, while the updated kitchen features an island, stainless steel refrigerator, black dishwasher, stove, microwave, and a cozy eat-in area—perfect for everyday living and entertaining.
Upstairs, you’ll find two generously sized bedrooms and a full bathroom with modern finishes. Through the sliding glass door, enjoy your private fenced-in patio—ideal for relaxing outdoors. Additional amenities include convenient parking and an onsite coin-operated laundry facility.
Located in a beautiful residential Arvada community, this home is close to shopping, Costco, parks (including one just across the street), bus routes, and Olde Town Arvada. With thoughtful updates and a prime location, this home offers affordable comfort and convenience.
Only ECLT-qualified homebuyers whose letter of qualification indicates they are under both the MTSP and FMR income limits are eligible to purchase this home. In addition to the mortgage payment, there is a fee of $100 per month for the land lease.
Income Qualification Guidelines:
1 person: $98,100
2 people: $112,100
3 people: $126,100
4 people $140,100
Do you meet the income qualifications? Reach out today to learn more!
Listing Agent
Invalesco Real Estate Brokerage Phone: 303-304-3888 License #100072885 Listed on: 04/24/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,324
Year Built
- Built in 1962
Lot Details
- 1 Common Wall
- Private Yard
HOA Fees
- $363 Monthly HOA Fees
Parking
- 1 Parking Space
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Frame Construction
- Composition Roof
Interior Spaces
- 762 Sq Ft Home
- 2-Story Property
- Window Treatments
- Living Room
- Dining Room
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Lawrence Elementary School
- Arvada K-8 Middle School
- Arvada High School
Utilities
- Mini Split Air Conditioners
- Baseboard Heating
Listing and Financial Details
- Exclusions: Seller's personal property
- Property held in a trust
- Assessor Parcel Number 154475
Community Details
Overview
- Association fees include reserves, exterior maintenance w/out roof, ground maintenance, maintenance structure, road maintenance, sewer, snow removal, trash, water
- Vista Management Association, Phone Number (303) 429-2611
- Low-Rise Condominium
- Westpark Condos Subdivision
- Community Parking
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
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 | $935 | $9,381 | $6,332 | $3,049 |
| 2023 | $935 | $9,381 | $6,332 | $3,049 |
| 2022 | $1,324 | $13,205 | $4,379 | $8,826 |
| 2021 | $1,344 | $13,585 | $4,505 | $9,080 |
| 2020 | $1,240 | $12,548 | $4,290 | $8,258 |
| 2019 | $1,223 | $12,548 | $4,290 | $8,258 |
| 2018 | $726 | $7,236 | $3,600 | $3,636 |
| 2017 | $665 | $7,236 | $3,600 | $3,636 |
| 2016 | $685 | $7,005 | $5,572 | $1,433 |
| 2015 | $752 | $11,319 | $5,572 | $5,747 |
| 2014 | $752 | $7,228 | $2,229 | $4,999 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $205,000 | -- | $269 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $53,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $26,000 | Seller Take Back | |
| Previous Owner | $27,000 | Seller Take Back |
Source: REcolorado®
MLS Number: 5397117
APN: 39-142-11-025
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