*$25,000 Price Reduction on this Income-Producing property with Prime Redevelopment Potential Near University of Denver! Welcome to 2572 S. Vine Street, an exceptional opportunity in Denver’s highly desirable University neighborhood! This charming 2-bedroom, 1-bathroom ranch-style home offers both immediate rental income and long-term redevelopment potential. Nestled on a generous lot and set within a quiet, tree-lined street, this property combines the perfect balance of proximity to Denver's urban amenities and all the outdoor activities Colorado has to offer. Interior features include gleaming hardwood floors that flow seamlessly throughout the home. The layout is efficient, with two spacious bedrooms and one full bath, but it’s the potential of the entire home that truly shines. Outside, a detached garage with alley access adds convenience, while the sizable backyard opens up future redevelopment possibilities. Whether you’re a developer looking to capitalize on Denver’s growing demand or an investor seeking a solid income-producing property, the generous lot size makes it an ideal candidate for expansion, redevelopment, or customization to meet future market trends. Key Investment Features include: Income-Producing - Currently rented, this home provides immediate cash flow potential, making it a turnkey investment for savvy buyers; Redevelopment Potential - With the ever-evolving Denver real estate market, this home sits on a prime lot ripe for redevelopment. Explore options to expand or transform this property into a multi-unit or customized living space (subject to city approval and any and all current government regulations). The location is ideal being just a short walk from several centers of employment including: the University of Denver, Swedish Medical, Craig Hospital, and Advent health. This home is an ideal rental property with several possible future exit strategies. Located near Harvard Gulch Trail and S.R. Deboer Park. Pre-Inspected.
Last Agent to Sell the Property
Kentwood Real Estate Cherry Creek Brokerage Email: MikeC@kentwood.com,303-710-5011 License #40037943
Co-Listed By
Kentwood Real Estate Cherry Creek Brokerage Email: MikeC@kentwood.com,303-710-5011 License #100087325
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
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Kitchen
Bedrooms and Bathrooms
Laundry
Home Security
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Schools
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Community Details
Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Price Changed | $555,000 | -2.5% | $519 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $569,000 | -2.7% | $532 / Sq Ft |
| 01/22/2025 01/22/25 | Sold | $585,000 | -2.5% | $556 / Sq Ft |
| 11/07/2024 11/07/24 | Price Changed | $600,000 | -4.0% | $570 / Sq Ft |
| 10/10/2024 10/10/24 | For Sale | $625,000 | -- | $594 / Sq Ft |
| 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 | $2,907 | $36,700 | $31,890 | $4,810 |
| 2023 | $2,844 | $36,700 | $31,890 | $4,810 |
| 2022 | $2,590 | $32,570 | $26,050 | $6,520 |
| 2021 | $2,500 | $33,510 | $26,800 | $6,710 |
| 2020 | $2,301 | $31,010 | $21,210 | $9,800 |
| 2019 | $2,236 | $31,010 | $21,210 | $9,800 |
| 2018 | $2,029 | $26,220 | $20,240 | $5,980 |
| 2017 | $2,022 | $26,220 | $20,240 | $5,980 |
| 2016 | $2,017 | $24,730 | $18,642 | $6,088 |
| 2015 | $1,932 | $24,730 | $18,642 | $6,088 |
| 2014 | $1,567 | $18,870 | $14,917 | $3,953 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $438,750 | New Conventional | |
| Previous Owner | $194,036 | New Conventional | |
| Previous Owner | $230,000 | New Conventional | |
| Previous Owner | $235,307 | FHA | |
| Previous Owner | $141,000 | Unknown | |
| Previous Owner | $138,750 | Unknown | |
| Previous Owner | $105,000 | Unknown | |
| Previous Owner | $28,000 | Stand Alone Second | |
| Previous Owner | $105,000 | Unknown | |
| Previous Owner | $25,160 | Unknown |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $585,000 | Land Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $239,000 | Commonwealth Title |
$599,999
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Source: REcolorado®
MLS Number: 6253407
APN: 5266-15-007
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