NOT LISTED FOR SALE

5590 Otis Ct Arvada, CO 80002

Estimated Value: $322,000 - $428,000

2 Beds
1 Bath
732 Sq Ft
$536/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $305,000 $417 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,300/month

176 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Bungalow
  • Partially Wooded Lot
  • Patio
  • 1-Story Property

About This Home

As of January 2023

Great Arvada Central location, close to Old Town and Light Rail, .8 miles, 3 minute drive or 18 minute walk. Large trees and end of block location one of the largest in the Neighborhood, if backyard privacy is important this home offers a quiet , private , trees . The home has not been updated and will need major improvements throughout including kitchen and bathroom. New roof 2018. This house is in original condition and needs to be remodeled . This is an Estate sale so the Sellers will not provide a Sellers Disclosure and and Buyer will need to sign the" as is " agreement, attached .

Last Agent to Sell the Property

Douglas Haffnieter

Flagstaff Properties Inc License #000187231 Listed on: 07/06/2022

Last Buyer's Agent

Kent Madson

RE/MAX of Boulder License #246821

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,289

Year Built

  • Built in 1951

Lot Details

  • 0.29 Acre Lot
  • West Facing Home
  • Partially Fenced Property
  • Level Lot
  • Partially Wooded Lot
  • Many Trees

Parking

  • 1 Car Garage
  • Exterior Access Door

Home Design

  • Bungalow
  • Fixer Upper
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 732 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Fire Pit

Location

  • Property is near public transit

Schools

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

Utilities

  • Floor Furnace
  • 110 Volts

Community Details

  • Vetting Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Exclusions: all sellers possessions.
  • Tax Lot 38
  • Assessor Parcel Number 010898

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,289

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Structure Type: House
  • Levels: One
  • Above Grade Price per Sq Ft: 416.67
  • Finished Price per Sq Ft: 416.67
  • Total Price per Sq Ft: 416.67
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 732.00
  • Exclusions: all sellers possessions.
  • Living Area: 732.00
  • P P A: 1051724.14
  • Restrictions Covenants: Yes
  • Property Condition: Fixer
  • Directions: Wadsworth Bypass to 55th then east to Otis , left turn and at end of block on right.
  • SubdivisionName: Vetting Subdivision
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Full Bathrooms: 1
  • Room Count: 6
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Exterior Features

  • Direction Faces: West
  • Roof: Unknown
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Fire Pit
  • Patio and Porch Features: Patio
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Exterior Access Door
  • Garage Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Available
  • Sewer: Public Sewer
  • Heating: Floor Furnace
  • Water Source: Public
  • Electric: 110V

Schools

  • School District: Jefferson County R-1
  • Elementary School: Secrest
  • Middle School: Arvada K-8
  • High School: Arvada
  • Middle Or Junior School: Arvada K-8

Lot Info

  • Out Building Count: 1
  • Parcel Number: 010898
  • Lot Size Acres: 0.29
  • Fencing: Partial
  • Building Area Total: 732.00
  • Lot Features: Level, Many Trees, Near Public Transit
  • Lot Number: 38
  • Lot Size Sq Ft: 12643.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2289.00

MLS Schools

  • Elementary School: Secrest
  • High School: Arvada

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Jan 17, 2023
Sold by
Sillasen Victor N
Bought by
Mattson Tammy and Difilippo Robert
Seller's Agent
Douglas Haffnieter
Flagstaff Properties Inc
Buyer's Agent
Kent Madson
RE/MAX of Boulder
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Views
39
Current Estimated Value
$392,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,440
Avg. Annual Appreciation
9.64%

Purchase Details

Closed on
Jun 14, 2022
Sold by
Victor Sillasen Irrevocable Trust
Bought by
Sillasen Victor Norton

Purchase Details

Closed on
Dec 21, 2018
Sold by
Sillasen Victor N
Bought by
Victor Sillasen Irrevocable Trust
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
Mattson Tammy $305,000 --
Sillasen Victor Norton -- None Listed On Document
Victor Sillasen Irrevocable Trust -- None Available
Victor Sillasen Irrevocable Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2023 01/17/23 Sold $305,000 -3.2% $417 / Sq Ft
12/29/2022 12/29/22 Pending -- -- --
12/14/2022 12/14/22 Price Changed $315,000 -3.1% $430 / Sq Ft
12/13/2022 12/13/22 For Sale $325,000 0.0% $444 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $325,000 -9.5% $444 / Sq Ft
11/01/2022 11/01/22 Price Changed $359,000 0.0% $490 / Sq Ft
11/01/2022 11/01/22 For Sale $359,000 -3.0% $490 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
10/19/2022 10/19/22 Price Changed $370,000 -3.9% $505 / Sq Ft
09/23/2022 09/23/22 Price Changed $385,000 -4.9% $526 / Sq Ft
08/22/2022 08/22/22 Price Changed $405,000 -4.7% $553 / Sq Ft
08/09/2022 08/09/22 Price Changed $425,000 -5.6% $581 / Sq Ft
07/14/2022 07/14/22 Price Changed $450,000 -10.0% $615 / Sq Ft
07/06/2022 07/06/22 For Sale $500,000 -- $683 / 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 $2,642 $18,908 $16,231 $2,677
2023 $2,642 $27,235 $16,231 $11,004
2022 $2,252 $22,993 $11,929 $11,064
2021 $2,289 $23,655 $12,272 $11,383
2020 $2,107 $21,831 $11,416 $10,415
2019 $1,398 $21,831 $11,416 $10,415
2018 $897 $16,358 $7,388 $8,970
2017 $821 $16,358 $7,388 $8,970
2016 $643 $13,519 $6,092 $7,427
2015 $533 $13,519 $6,092 $7,427
2014 $533 $10,531 $5,158 $5,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 4706813

REcolorado®

APN: 39-132-05-024