NOT LISTED FOR SALE

5255 Memphis St Unit 118 Denver, CO 80239

Gateway Neighborhood

Estimated Value: $244,256 - $288,000

1 Bed
1.5 Baths
931 Sq Ft
$300/mo HOA Fee

Last Sold March 27, 2024

Last sale price $290,000 $311 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,808/month

9 Days on Market

Highlights

  • Clubhouse
  • Community Pool
  • Forced Air Heating and Cooling System
  • 1 Fireplace

About This Home

As of March 2024

Welcome to your dream home in the highly sought-after Trails at Parkfield Lake neighborhood. This charming condo offers 1 bedroom and 1 bathroom, perfect for cozy and low-maintenance living. As you step inside, you'll be greeted by the spacious main floor, with an open layout that is perfect for entertaining and relaxing. There is also a large den that can be used as a home office. Both bathrooms have been recently updated. All this home needs is your personal touches. But the real gem of this home is the private and secluded balcony, perfect for enjoying your morning coffee or evening glass of wine while taking in the serene surroundings. Step outside and breathe in the crisp Colorado air, as you soak in the beauty of your new home. There is a secure storage space on the balcony as well. Not only does this condo offer all the amenities you need, but it also provides access to the community's fitness center, swimming pool, and clubhouse, perfect for hosting gatherings with friends and family. And with a reserved parking space and storage unit, convenience is at your fingertips. The location of this home is ideal, with close proximity to the Denver International Airport, Anshutz CU Medical complex, and light rail. You'll also have easy access to the vibrant city life of Denver while being nestled in a peaceful and well-maintained neighborhood. Don't miss your chance to own this lovely condo, with an original owner and impeccable care, this property is truly one-of-a-kind. Schedule a tour today and envision yourself living in this beautiful home. But hurry, at a price of only $290,000, this opportunity won't last long. Make this condo your new home and start living your best life in the heart of Denver.

Last Agent to Sell the Property

Will Story

LPT Realty Brokerage Email: Will@Livian.com,720-975-7227 Listed on: 02/15/2024

LPT Realty

Last Buyer's Agent

Ryan Buckley

eXp Realty, LLC License #100096125

eXp Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,186

Year Built

  • Built in 2002

Lot Details

  • No Units Located Below

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Frame Construction
  • Stone Siding

Interior Spaces

  • 931 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Schools

  • Lena Archuleta Elementary School
  • Dr. Martin Luther King Middle School
  • Montbello High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Exclusions: Seller`s Personal Property
  • Assessor Parcel Number 174-04-119

Community Details

Overview

  • Association fees include ground maintenance, sewer, snow removal, trash, water
  • Trail At Parkfield Lake Condos Association, Phone Number (303) 693-2118
  • Low-Rise Condominium
  • The Trails At Parkfield Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,186

Year Built

Built in 2002

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low Rise (1-3)
  • Levels: Two
  • Year Built: 2002
  • Above Grade Finished Sq Ft: 931
  • Exclusions: Seller`s Personal Property
  • Living Area: 931
  • Pets Allowed: Yes
  • SubdivisionName: The Trails at Parkfield
  • Co List Office Mls Id: RECKW002
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBedrooms: 0
  • REC_ExpectedActiveDate: 2024-02-15
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 1.00000
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Common Walls: No One Below
  • Basement: No
  • Total Bedrooms: 1
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1

Exterior Features

  • Roof: Unknown
  • Construction Materials: Frame, Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Sewer, Snow Removal, Trash, Water
  • Association Name: Trail at Parkfield lake Condos
  • Association Fee Frequency: Monthly
  • Association Amenities: Clubhouse, Pool
  • Association Fee: 300
  • Phone: 303-693-2118
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 3600.00
  • REC_AssociationFeeTotalAnnual: 3600.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_AssociationURL: http://trailsatparkfieldlake.com

Schools

  • Middle Or Junior School: Dr. Martin Luther King

Lot Info

  • Parcel Number: 174-04-119
  • Building Area Total: 931

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1186

MLS Schools

  • Elementary School: Lena Archuleta
  • High School: Montbello

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 21, 2024
Sold by
Tveit Paula
Bought by
Mccolloch Thomas Luke
Seller's Agent
Will Story
LPT Realty
Buyer's Agent
Ryan Buckley
eXp Realty, LLC
List Price
$290,000
Sold Price
$290,000
Views
46
Current Estimated Value
$264,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,686
Avg. Annual Appreciation
-4.94%
Original Mortgage
$217,500
Outstanding Balance
$213,144
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$51,170

Purchase Details

Closed on
Jun 14, 2012
Sold by
Iota Plum Llc
Bought by
North Shore Properties Llc

Purchase Details

Closed on
Aug 15, 2003
Sold by
Memphis Street Llc
Bought by
Tveit Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,464
Interest Rate
5.51%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mccolloch Thomas Luke $290,000 None Listed On Document
North Shore Properties Llc $65,000 Fidelity National Title Insu
Tveit Paula $134,499 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccolloch Thomas Luke $217,500
Previous Owner Tveit Paula $130,464
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2024 03/27/24 Sold $290,000 0.0% $311 / Sq Ft
02/25/2024 02/25/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $290,000 -- $311 / Sq Ft
Source: REcolorado®

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
2025 $1,255 $19,540 $2,440 $2,440
2024 $1,255 $15,850 $1,630 $14,220
2023 $1,228 $15,850 $1,630 $14,220
2022 $1,186 $14,910 $1,360 $13,550
2021 $1,144 $15,330 $1,390 $13,940
2020 $1,017 $13,710 $1,770 $11,940
2019 $989 $13,710 $1,770 $11,940
2018 $856 $11,070 $820 $10,250
2017 $854 $11,070 $820 $10,250
2016 $537 $6,590 $772 $5,818
2015 $515 $6,590 $772 $5,818
2014 $402 $4,840 $1,313 $3,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7134558

REcolorado®

APN: 0174-04-119