$875,000
SOLD DEC 20, 2024
5 Beds
3 Baths
2,448 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$357 Per Sq Ft

5% Below List Price

29 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Forced Air Heating and Cooling System
  • Guest Parking
  • Smart Locks
  • High Speed Internet

About This Home

As of December 2024

Welcome to 5240 Stuart Street, a versatile two-story home with an additional single-story ADU, located just outside the
Denver city limits in unincorporated Adams County. This unique property currently operates as two successful short-term rentals and offers the flexibility to be rented as two separate units or one house. These units are professionally managed, have a monthly positive net income, with an average 86% occupancy rate. The P&L and Occupancy History report is available upon request.

This property comes fully furnished! The main home features 3 bedrooms, 2.5 baths, a spacious kitchen, living room, and its own laundry room. The attached ADU provides an additional 2 bedrooms, 1 bath, its own kitchen, living room, and laundry, making it ideal for multi-generational living, rental income, or guest accommodations. Inside, you'll find beautiful wood- like laminate, tile, and carpet throughout, offering both style and comfort. Step outside to enjoy the lush backyard,
complete with green grass (sprinkler system installed) and a built-in fire pit on the patio—perfect for relaxing or entertaining. With no HOA, this property offers endless possibilities. Perfectly situated for easy access near Regis University and Denver city amenities while located near I-70 to quickly go East to the airport or West to the mountains!

Check it out on

*** Preferred lender providing a 1.75% lender credit (based on loan amount) to be used towards closings costs and prepaid items or buy down interest rates! Primary, Secondary and Investment loan eligible, no income limits – Conditions apply. Estimated savings of up to $16,000!

Last Agent to Sell the Property

Rachael Friesen

Real Broker, LLC DBA Real Brokerage Phone: 303-881-0062 License #100088258 Listed on: 10/03/2024

Real Broker, LLC DBA Real

Co-Listed By

JTG Team

Real Broker, LLC DBA Real Brokerage Phone: 303-881-0062

Last Buyer's Agent

Garrett Beserra

MODUS Real Estate License #100071483

MODUS Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,343

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Front and Back Yard Sprinklers

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Smart Locks
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Exterior Access Door
  • Paved Parking
  • Guest Parking

Schools

  • Tennyson Knolls Elementary And Middle School
  • Westminster High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • The owner pays for cable TV, electricity, exterior maintenance, gas, grounds care, insurance, internet, taxes, trash collection, water
  • Assessor Parcel Number R0105286

Community Details

Overview

  • No Home Owners Association
  • Berkeley Gardens Subdivision

Building Details

  • Operating Expense $46,854

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,343

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: Two
  • Year Built: 1927
  • Above Grade Finished Sq Ft: 2448
  • Exclusions: None
  • Living Area: 2448
  • SubdivisionName: Berkeley Gardens
  • Co List Office Mls Id: RECM2988
  • Co List Office Phone: 720-807-2890
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.94595
  • Attribution Contact: 303-881-0062
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Carpet, Laminate
  • Basement: No
  • Total Bedrooms: 5

Exterior Features

  • Foundation Details: Slab
  • Roof: Other
  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Parking Features: Concrete, Exterior Access Door, Guest, Oversized
  • Attached Garage: No
  • Total Parking Spaces: 5
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit
  • Security: Carbon Monoxide Detector(s), Smart Locks, Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 46854

Schools

  • Middle Or Junior School: Tennyson Knolls

Lot Info

  • Parcel Number: R0105286
  • Lot Size Acres: 0.14
  • Fencing: Partial
  • Building Area Total: 2448
  • Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6098

Rental Info

  • Owner Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Internet, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5343

MLS Schools

  • Elementary School: Tennyson Knolls
  • High School: Westminster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Dec 20, 2024
Sold by
Swanson James and Swanson Amber
Bought by
Cistone Anthony Michael
Seller's Agent
Rachael Friesen
Real Broker, LLC DBA Real
Buyer's Agent
Garrett Beserra
MODUS Real Estate
List Price
$925,000
Sold Price
$875,000
Premium/Discount to List
-$50,000
-5.41%
Views
52
Current Estimated Value
$868,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,571
Avg. Annual Appreciation
-1.23%
Original Mortgage
$806,500
Outstanding Balance
$804,417
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$64,012

Purchase Details

Closed on
Mar 18, 2022
Sold by
Shipmates Arvada Llc
Bought by
Swanson James and Swanson Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,750
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2021
Sold by
Precision Investments Llc
Bought by
Shipmates Arvada Llc

Purchase Details

Closed on
Nov 21, 2017
Sold by
Olsen Shigeko
Bought by
Precision Ivnestments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,000
Interest Rate
13%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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 Type Sale Price Title Company
Warranty Deed $875,000 Chicago Title
Special Warranty Deed $861,000 First American Title
Quit Claim Deed -- First American Title
Warranty Deed $325,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $806,500 New Conventional
Previous Owner $645,750 New Conventional
Previous Owner $750,000,000 New Conventional
Previous Owner $482,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $225,000 FHA
Previous Owner $61,200 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $875,000 0.0% $357 / Sq Ft
12/20/2024 12/20/24 Sold $875,000 -2.8% $357 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
11/01/2024 11/01/24 Pending -- -- --
10/23/2024 10/23/24 Price Changed $900,000 0.0% $368 / Sq Ft
10/23/2024 10/23/24 Price Changed $900,000 -2.7% $368 / Sq Ft
10/03/2024 10/03/24 For Sale $925,000 0.0% $378 / Sq Ft
10/03/2024 10/03/24 For Sale $925,000 -- $378 / 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 $5,462 $47,130 $7,380 $39,750
2023 $5,343 $50,260 $7,980 $42,280
2022 $4,386 $35,910 $8,200 $27,710
2021 $4,496 $35,910 $8,200 $27,710
2020 $4,311 $35,050 $8,440 $26,610
2019 $4,300 $35,050 $8,440 $26,610
2018 $3,001 $24,340 $6,480 $17,860
2017 $1,851 $24,340 $6,480 $17,860
2016 $877 $15,410 $3,500 $11,910
2015 $877 $7,700 $1,750 $5,950
2014 -- $8,750 $1,460 $7,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 5558402

REcolorado®

APN: 1825-18-1-12-004