$299,900 Price Analysis 7025 W 20th AveLakewood, CO 80214 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.29 acre lot. Listed 2024-04-18 | Ⓧ USDA Ineligible due to property near Lakewood |
Just 1 mile to Sloan's Lake and Edgewater Public Market and Shopping. Build 2 single family homes ~ $1.5M each home or $1.1M 1/2 duplex units x 2! This vacant lot = RED outline shows you can build 2 units ('3' and '4') The Yellow Lot, Lots 1 and 2 - 7031 W. 20th Ave (MLS# 6234571) - is also for sale for $599, 900 AND includes a single family home PLUS the buildable single family lot on North part of lot Per R2 zoning AND City of Lakewood 11/15/2023 written communication to Owner, you are allowed to build 2 single family, stand alone houses by a simple legal process to 'condominiumiz' the lot Per REALIST/Public Record, 7051 W. 20th Ave (just 2 lots to West) sold for ~ $862, 500 on 6/23/2023 - and it was 1, 648 sq.ft. above grade and 1, 648 in basement, a relatively small home. Of the 2 homes to be built, you'd have City Views on '3' b/c of a secluded wooded area in back + separation from Geneva Court to the North because of a public water ditch and green space. Build a Walk-Out Basement to increase your value and functionality, because it is perfectly sloped for a natural build-out!
In lieu of 2 stand alone homes, you are allowed to build a duplex like the neighbor directly West on 2020 Teller Street (1 block over), which per Realist/Public Record SOLD for $1, 100, 000 on 6/02/2023 @ $369/foot 2020 Teller Street shows as expired but actually sold - check Realist/Public Record. UNIQUE OPPORTUNITY: BUY ADJACENT 7031 West 20th Ave property and build THREE (3) single family, (all detached) homes + owning the existing 100% REMODELED home to offset costs AND/OR live in while developing! It has 2 kitchens, 2 washer/dryers, 2 living spaces, 2 baths = PERFECT Land Cover Play! When finished, sell off 3 and keep one FREE & CLEAR or keep one as investment, etc., etc. You can do what you want! Hurry, this unique opportunity will go soon!
Presented by Patrick Finney at
CJV Real Estate.
Property MLS #6416510 from REcolorado
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.