NOT LISTED FOR SALE

5239 Balsam St Arvada, CO 80002

Estimated Value: $845,000 - $904,000

2 Beds
1.5 Baths
1,456 Sq Ft
$602/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $835,000 $573 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,969/month

16 Days on Market

Highlights

  • Parking available for a boat
  • No HOA
  • Walk-In Closet
  • Open Floorplan
  • Eat-In Kitchen
  • 3-minute walk to Griffifth Station Park

About This Home

As of November 2023

Rare opportunity in Olde Town Arvada. This exceptional property offers an opportunity for future development, boasting a meticulously planned 12-unit townhome project that includes full architectural plans, soil tests, surveys, etc. guaranteeing a solid foundation for your project. Situated in the highly sought-after Olde Town Arvada, this property benefits from its prime location within walking distance of a vibrant array of restaurants, shops, and the convenient Light Rail Station. The existing ranch-style home on the property offers nearly 1,500 square feet of comfortable living space. With 2 bedrooms and multiple spacious living areas, wood-burning stove this home provides a cozy haven for potential tenants. The property also includes multiple barns and storage facilities, catering to various needs and expanding the potential uses of the land. With the potential to generate up to $3,500 a month in rental income.The current owner is open to a partnership, presenting an exciting chance for collaboration on this project. Whether you're an experienced developer looking to join forces or an investor seeking to enter the real estate market, this unique partnership avenue adds another layer of potential.

Last Agent to Sell the Property

Dave Janis

Coldwell Banker Realty-Boulder Listed on: 09/15/2023

Coldwell Banker Realty-Boulder

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,896

Year Built

  • Built in 1904

Lot Details

  • 1 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Carport
  • Parking available for a boat

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Dining Room
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Lawrence Elementary School
  • Arvada K-8 Middle School
  • Arvada High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Septic System

Community Details

  • No Home Owners Association
  • Built by Nelson & Son Construction
  • Arvada Subdivision

Listing and Financial Details

  • Assessor Parcel Number 004542

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,896

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1904
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 1
  • Subdivision Name: Arvada
  • Above Grade Finished Sq Ft: 1456
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1456
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Has Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Eat-in Kitchen, Separate Dining Room, Open Floorplan, Walk-In Closet(s)
  • Living Area: 1456
  • IRESDS_HasFamilyRoom: No
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 24
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Laminate Floor
  • Room Kitchen Area: 104
  • Room Master Bedroom Area: 264
  • Master Bathroom Features: Full Primary Bath
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Builder Name: Nelson & Son Construction
  • Lot Features: Level
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Other Structures: Storage
  • Patio And Porch Features: Patio
  • Property Condition: Fixer, Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: RV/Boat Parking
  • IRESDS_GarageType: Carport

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic
  • Water Source: Well, City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lawrence
  • HighSchool: Arvada
  • Junior High Dist: Jefferson Dist R-1
  • Middle Or Junior School: Arvada K-8

Lot Info

  • Zoning: SFR
  • Lot Size Sq Ft: 43560
  • Parcel #: 004542
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2896

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Nov 30, 2023
Sold by
Calabrese Joseph A
Bought by
5239 Balsam Street Llc
Seller's Agent
Dave Janis
Coldwell Banker Realty-Boulder
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%
Views
79
Current Estimated Value
$876,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,170
Avg. Annual Appreciation
2.55%
Original Mortgage
$525,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2023
Closed on
Oct 31, 2023
Sold by
Balsam Vested Interests Llc
Bought by
Calabrese Joseph A
Seller's Agent
Dave Janis
Coldwell Banker Realty-Boulder
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2021
Sold by
Balsam Gardens Llc
Bought by
Balsam Vested Interests Llc

Purchase Details

Closed on
Dec 23, 2015
Sold by
Gerber Joseph A
Bought by
Balsam Gardens Llc

Purchase Details

Closed on
Dec 22, 2015
Sold by
Haas Phillip G
Bought by
Gerber Joseph A

Purchase Details

Closed on
Jul 25, 2001
Sold by
Haas Phillip G
Bought by
Haas Phillip G and Gerber Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,375
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1998
Sold by
Lucille Rickert Edith and Lucille E
Bought by
Haas Phillip G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,200
Interest Rate
4.35%
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
5239 Balsam Street Llc -- None Listed On Document
Calabrese Joseph A $835,000 Land Title Guarantee
Balsam Vested Interests Llc $815,000 Land Title Guarantee Company
Balsam Gardens Llc -- None Available
Gerber Joseph A $124,416 None Available
Haas Phillip G -- --
Haas Phillip G $141,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Calabrese Joseph A $525,000
Previous Owner Haas Phillip G $120,375
Previous Owner Haas Phillip G $113,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $835,000 -6.7% $573 / Sq Ft
09/15/2023 09/15/23 For Sale $895,000 -- $615 / Sq Ft
Source: IRES MLS

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 $3,659 $36,723 $22,889 $13,834
2023 $3,659 $36,723 $22,889 $13,834
2022 $2,896 $28,885 $17,771 $11,114
2021 $2,939 $29,716 $18,283 $11,433
2020 $2,510 $25,404 $14,586 $10,818
2019 $2,476 $25,404 $14,586 $10,818
2018 $2,367 $23,590 $14,214 $9,376
2017 $2,169 $23,590 $14,214 $9,376
2016 $2,214 $22,643 $12,964 $9,679
2015 $1,927 $22,643 $12,964 $9,679
2014 $1,927 $18,519 $11,244 $7,275
Source: Public Records

Agents Affiliated with this Home

  • Dave Janis

    Seller's Agent in 2023

    Dave Janis

    Coldwell Banker Realty-Boulder

    (303) 828-6655

    146 Total Sales

    Dave Janis
    Section Image

  • N

    Buyer's Agent in 2023

    Non-IRES Agent

    CO_IRES

See All Agents

Map

Source: IRES MLS

MLS Number: 996440

IRES MLS

APN: 39-142-00-055

Colorado Jefferson County Arvada 80002

5239 Balsam St, Arvada, CO

This home is located at 5239 Balsam St, Arvada, CO 80002 since 15 September 2023 and is currently estimated at $876,170, approximately $601 per square foot. This property was built in 1904. 5239 Balsam St is a home located in Jefferson County with nearby schools including Arvada K-8, Arvada High School, and Prospect Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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