$1,759,900 Price Analysis    ♡   Denver, CO 80210 5 bed 4 bath 2,875 SqFt ($612/SqFt) 0.41 acre lot. Built 1952 Listed 2024-02-15, Taxes $6,726 | Ⓧ USDA Ineligible due to price & location near Denver |
UNIQUE BUILDING OPPORTUNITY!
* Sale Pending *18, 000 SF lot for sale- You rarely see a lot this size for sale in Denver anymore. It fits all zoning requirements to be split into two 9, 000 SF lots- Still extra large compared to the 6250 SF and 7500 SF lots most common in Observatory Park. POSSIBILITIES: You could knock down the house and finalize the lot split and sell both lots for the neighborhood market value ($1, 250, 000-$1, 350, 000) 2) Split the lot into two 9, 000 SF lots, build for yourself on one side & sell the other. 3) Split the lot & build 2 new luxury spec homes on one of Denver's prettiest streets for huge profit potential. 4) Do some updates & live in this charming 1952 home with 5 bedroo ms & 4 baths. 5) or build 1 huge luxury home on this gorgeous oversized lot for yourself or a custom client. The new home sales in Observatory Park have an average sold price of $3.3M.
This portion of Jackson Street is often described as a country lane in the city. The cottonwood tree-lined street has no cross streets & a permanent exemption from sidewalk requirements. There's already a temporary 2nd address from the city; a survey showing all information the city needs to sub-divide; asbestos testing results & certificat showing all interior asbestos was removed. The lot has 2 curb cuts & 2 gates, a newer water line & a new circular driveway that can easily be modified to be reused for 2 new homes. There's a privacy fence in the backyard & original stately wrought iron fencing around the front. A 2 year old home down the street recently sold for $3.245M on a slightly smaller lot. Observatory Park's highest price sale is $5.396M. The median price per square foot for homes built since 2021 was $859 PSF above ground & $578 PSF total - sod in a median of 36 days. Observatory Park is a premier Denver neighborhood with 2 parks & a extraordinary location right between downtown Denver & the Denver Tech Center. This property is ready for redevelopment @ an exceptional price!
Presented by Jill Schafer at
MADISON AND COMPANY PROPERTIES.
Property MLS #6426372 from REcolorado
Bedrooms On Main Level: 1
Primary Bedroom Level: Main
2nd Primary Bedroom Level: Upper
Bedroom 1 Level: Upper
Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Full Bathrooms: 2
1/2 Bathrooms: 1
3/4 Bathrooms: 1
Bathrooms On Main Level: 2
Entrance Foyer
High Speed Internet
In-Law Floor Plan
Primary Suite
Tile Counters
Utility Sink
Walk-In Closet(s)
Wired for Data
Window Features: Double Pane Windows, Window Treatments
Cooktop
Dishwasher
Disposal
Double Oven
Gas Water Heater
Microwave
Bathroom (1/2) Level: Main
Laundry Level: Main
Primary Bathroom (3/4) Level: Upper
Bathroom (Full) Level: Upper
Family Room Level: Main
Mud Room Level: Main
Office/Study Room Level: Main
Basement Description: Crawl Space
Fireplace Features: Family Room, Wood Burning
Heating Features: Forced Air, Natural Gas, Wall Furnace, Wood
Number of Fireplaces: 1
Kitchen Level: Main
Private Yard
Rain Gutters
Fencing: Full
Patio And Porch Features: Covered, Front Porch, Patio
Road Frontage Type: Public Road
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Garage Spaces: 2
Parking Features: Circular Driveway, Concrete, Exterior Access Door, Lighted, Oversized, Storage
Parking Total: 2
Lot Size Acres: 0.41
Vegetation: Grassed, Oak, Pine
Lot Size Square Feet: 17860
Elementary School District: Denver 1
High School: South
High School District: Denver 1
Middle School: Merrill
Middle or Junior School District: Denver 1
Map directions Map directions Map directions Map directionsSource Listing Status: Active Under Contract
County: Denver
Directions: I-25, go south on Colorado BLVD. to Ill. turn west (right) on Iliff. our south (left) on Jackson St. The property is located midway between Iliff and Yale on the WEST side of the street.
Tax Year: 2022
Source Property Type: Residential
Exclusions: Washer, Dryer, Kitchen Refrigerator, Microwave, White Cabinets & Movable Shelving in the Garage, Street Light in Back Porch, Mirror in Powder Room, Microwave, Fish Tank, Draperies in the Main Floor Primary Bedroom Lights in the Dining Room, Entry, Mud Room, Upper Level Primary Bedroom and Middle Bedroom's Blue Fixture. If the Property is being demo'd seller would like to leave any items they don't want on site at change of possession.
Source Neighborhood: Observatory Park
Parcel Number: 5254-37-030
Subdivision: Observatory Park
Zoning: S-SU-D
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $70 + $90,070 $90,140 | $6,726 |
| 2020 | $3,460 + $61,630 $65,090 | $4,829 |
| 2019 | $3,460 + $61,630 $65,090 | $4,694 |
| 2018 | $2,460 + $47,740 $50,200 | $3,883 |
| 2017 | $2,460 + $47,740 $50,200 | $3,872 |
| 2016 | $3,940 + $52,780 $56,720 | $4,625 |
| 2015 | $3,940 + $52,780 $56,720 | $4,431 |
| 2014 | $4,880 + $34,600 $39,480 | $3,278 |
| 2013 | $4,880 + $34,600 $39,480 | $3,280 |
| 2012 | $12,078 + $29,802 $41,880 | $3,520 |
| 2010 | $12,078 + $29,802 $41,880 | $3,474 |
| 2009 | $22,368 + $29,802 $52,170 | $3,398 |
| 2008 | $22,368 + $29,802 $52,170 | $3,379 |
| 2007 | $20,798 + $29,802 $50,600 | $3,385 |
$0
REcolorado
Price Changed 2024-04-04
$1,759,900
REcolorado
Price Changed 2024-04-04
$1,759,900
REcolorado
Listed 2024-02-29
$1,799,900
REcolorado
Listed 2024-02-15
$1,799,900
REcolorado
Listing removed 2024-01-24
$0
REcolorado
Listing removed 2024-01-24
$0
REcolorado
Price Changed 2024-01-10
$1,949,900
REcolorado
Price Changed 2024-01-10
$1,949,900
REcolorado
Relisted 2023-11-17
$2,000,000
REcolorado
Listing removed 2023-11-07
$0
REcolorado
Listed 2023-10-25
$2,000,000
REcolorado
Listed 2023-10-25
$2,000,000
REcolorado
Listing removed 2019-10-17
$0
REcolorado
Price Changed 2019-09-14
$1,350,000
REcolorado
Listed 2019-09-09
$1,440,000
REcolorado
Sold 2001-05-03
$640,000
Public Record
Sold 2001-04-12
$565,000
Public Record
Sold 1997-12-03
$387,500
Public Record
Sold 1992-08-21
$240,000
Public Record
Sold 1989-10-02
$192,000
Public Record
Sold 1977-04-01
$110,000
Public Record
Year Built: 1952
Above Grade Finished Area: 2875
Common Walls: No Common Walls
Construction Materials: Frame, Vinyl Siding, Wood Siding
Direction Faces: East
Levels: Two
Property Age: 72
Property Condition: Fixer
Roof: Composition, Membrane
Structure Type: House
Sewer: Public Sewer
Cable Available
Electricity Available
Electricity Connected
Internet Access (Wired)
Natural Gas Available
Natural Gas Connected
Phone Available
Phone Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.