NOT LISTED FOR SALE

Penn Square Condominiums 550 E 12th Ave Unit 507 Denver, CO 80203

Capitol Hill Neighborhood

Estimated Value: $447,000 - $505,000

2 Beds
2 Baths
1,373 Sq Ft
$347/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $530,000 $386 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,188/month

6 Days on Market

Highlights

  • Fitness Center
  • Panoramic View
  • Open Floorplan
  • Morey Middle School Rated A
  • 1.18 Acre Lot
  • Clubhouse

About This Home

As of May 2022

Luxury High Rise living at its finest! Beautifully updated Penn Square Condo located in Capitol Hill, w/unobstructed mountain and city views! 2bd/2ba featuring beautiful hickory hardwood flooring thru out the expansive living room, dining room, and kitchen. Updated kitchen features granite counter and new stainless appliances. New custom tile flooring in both bathrooms, new carpet in bedrooms, and new light fixtures thru out. Spectacular views can be found, both day and night from the spacious covered patio. The condo complex offers incredible amenities that are beyond compare with 24/7 concierge service, a main floor bar/entertainment area, fitness area w/showers, outdoor pool, BBQs, community garden, and gazebo. Penn Square also boasts one of the most beautiful 360-degree rooftop patios in town with stunning views! 1 deed underground parking spot and plenty of guest parking, all within walking/biking distance to downtown Denver. A Must see for anyone looking for a fabulous city life.

Last Agent to Sell the Property

Christopher Mayer

St Vrain Realty LLC License #100033713 Listed on: 04/19/2022

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,117

Year Built

  • Built in 1967

Lot Details

  • 1.18

HOA Fees

  • $495 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Panoramic
  • Mountain

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Flat Tile Roof
  • Concrete Siding

Interior Spaces

  • 1,373 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bathroom on main floor

Schools

  • Dora Moore Elementary School
  • Morey Middle School
  • East High School

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities

Additional Features

  • Accessible Elevator Installed
  • Southwest Facing Home
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 503120061

Community Details

Overview

  • Association fees include common amenities, trash, snow removal, security, management, utilities, maintenance structure, water/sewer
  • Penn Square Subdivision

Amenities

  • Clubhouse
  • Recreation Room
  • Laundry Facilities

Recreation

  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,117

Year Built

Built in 1967

Lot Details

1.18 Acres

HOA Fees

$495 per month

Parking

1

Listing Details

  • Year Built: 1967
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Attached Dwelling
  • Horses: No
  • Lot Size Acres: 1.18
  • Subdivision Name: PENN SQUARE
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1373
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Microwave
  • Accessibility Features: Near Bus, Main Floor Bath, Main Level Bedroom, Accessible Elevator Installed
  • Has Basement: None
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Wood Floors
  • Interior Amenities: Open Floorplan
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Carpet
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Wood Floor
  • Living Room Features: Wood Floor
  • Dining Room Dining Room Level: Main
  • Master Bathroom Features: 3/4 Primary Bath
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Flat
  • View: Mountain(s), City, Panoramic
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer, Concrete
  • Direction Faces: Southwest
  • Exterior Features: Balcony
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • IRESDS_GarageType: Underground

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Hot Water, Baseboard
  • Utilities: Electricity Available
  • Laundry Features: Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, unknown

Condo/Co-op/Association

  • HOA Fee Includes: Common Amenities, Trash, Snow Removal, Security, Management, Utilities, Maintenance Structure, Water/Sewer
  • Community Features: Clubhouse, Pool, Fitness Center, Park, Elevator, Recreation Room
  • Senior Community: No
  • Association Fee: 495.11
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationReserve: Yes
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Dora Moore
  • HighSchool: East
  • Junior High Dist: Denver District 1
  • Middle Or Junior School: Morey

Lot Info

  • Zoning: G-MU-5
  • Lot Size Sq Ft: 51521
  • Parcel #: 503120061
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2117

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
May 13, 2022
Sold by
Camila Palmer
Bought by
Pierce Jonathan
Seller's Agent
Christopher Mayer
St Vrain Realty LLC
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$477,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,894
Avg. Annual Appreciation
-2.69%
Original Mortgage
$424,000
Outstanding Balance
$398,076
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$79,030

Purchase Details

Closed on
Aug 12, 2020
Sold by
United Colorado Llc
Bought by
Palmer Camila and Sosman Alicia

Purchase Details

Closed on
Jan 8, 2008
Sold by
Clark Edith R
Bought by
Albert Victor Robert

Purchase Details

Closed on
Jul 11, 1995
Sold by
Brune William J
Bought by
Clark Edith R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pierce Jonathan $530,000 None Listed On Document
Palmer Camila $387,500 Tiago National Title Llc
United Colorado Llc $377,500 Tiago National Title Llc
Albert Victor Robert $232,000 Security Title
Clark Edith R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Jonathan $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2022 08/07/22 Off Market $530,000 -- --
05/13/2022 05/13/22 Sold $530,000 +1.0% $386 / Sq Ft
04/19/2022 04/19/22 For Sale $525,000 -- $382 / Sq Ft
Source: IRES MLS

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 $2,528 $39,220 $2,310 $2,310
2024 $2,528 $31,920 $1,570 $30,350
2023 $2,473 $31,920 $1,570 $30,350
2022 $2,171 $27,300 $1,630 $25,670
2021 $2,095 $28,080 $1,680 $26,400
2020 $2,178 $29,360 $1,570 $27,790
2019 $2,117 $29,360 $1,570 $27,790
2018 $2,018 $26,080 $1,480 $24,600
2017 $2,012 $26,080 $1,480 $24,600
2016 $2,070 $25,390 $1,520 $23,870
2015 $1,984 $25,390 $1,520 $23,870
2014 $1,660 $19,990 $1,083 $18,907
Source: Public Records

Agents Affiliated with this Home

  • Christopher Mayer

    Seller's Agent in 2022

    Christopher Mayer

    St Vrain Realty LLC

    (303) 803-6619

    1 in this area

    27 Total Sales

    Christopher Mayer
    Section Image

  • N

    Buyer's Agent in 2022

    Non-IRES Agent

    CO_IRES

See All Agents

About Penn Square Condominiums

Map

Source: IRES MLS

MLS Number: IRE963302

IRES MLS

APN: 5031-20-061

Colorado Denver County Denver 80203 Capitol Hill

550 E 12th Ave Unit 507, Denver, CO

Not Listed for Sale

Townhouses

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IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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