$625,000
SOLD DEC 16, 2024
3 Beds
2 Baths
1,420 Sq Ft
7,280 Sq Ft Lot

Recently Sold

$440 Per Sq Ft

4% Above List Price

Highlights

  • Midcentury Modern Architecture
  • Property is near public transit
  • No HOA
  • East High School Rated A
  • Private Yard
  • Covered patio or porch

About This Home

As of December 2024

Welcome to 3238-3240 Madison Street, a charming mid-century styled brick duplex in the heart of Denver. This listing is for both units of this duplex which offers the perfect investment potential for first time buyers and experienced investors alike. The upstairs 2 bed, 1 bath unit is available for immediate move in and is recently remodeled. Newer double pane windows, new paint, new lights, modern bathroom, newer appliances and a great layout. The garden level 1 bed, 1 bath unit is currently leased for $1500/month until February 2025 and has its own separate front entrance. There is a shared laundry/utility room with washer/dryer in the basement and extra storage for both units. The roof was just recoated in 2024, brand new water heater installed and a new central air conditioner. The sewer line has been updated to PVC. Step outside into your spacious backyard on this nearly 8000sqft lot! There is so much room for expansion and the potential to build a garage or ADU(s). The full fenced yard also has so many amazing spaces for gardening and includes a large shed for all your tools/toys. There is a gate off the alley which allows you to park up to 6 vehicles including large RVs, boats, etc. in the yard. Secure fencing all around the property provides a haven for furry friends and lots of space to entertain. Close to highways, coffee shops, parks, great restaurants, City Park Golf Course and so much charm in the historic Clayton neighborhood. Not often does a property with so much potential come onto the market at a price below $600k. Offset your mortgage payment or perhaps even live for free. Financing incentives available. Please reach out to listing agent Bobby Reginelli for details. While the upstairs two bedroom unit is vacant and available to show anytime, we have arranged for a 1 hour period to show both units at our OPEN HOUSE this Saturday, November 16 from 11am - 12pm

Set up your showing today. This property won’t last long.

Last Agent to Sell the Property

Bobby Reginelli

MODUS Real Estate Brokerage Email: BobbyILoveYourWay@gmail.com,720-636-6096 License #100082744

MODUS Real Estate

Last Buyer's Agent

Michael Steffen

EXIT Realty DTC, Cherry Creek, Pikes Peak. License #100045412

EXIT Realty DTC, Cherry Creek, Pikes Peak.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,834

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 7,280 Sq Ft Lot
  • West Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Level Lot
  • Private Yard
  • Garden

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Midcentury Modern Architecture
  • Brick Exterior Construction
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Fiberglass Roof

Interior Spaces

  • Multi-Level Property

Kitchen

  • Freezer
  • Laminate Countertops

Flooring

  • Carpet
  • Linoleum
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Exterior Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Home Security

  • Smart Thermostat
  • Outdoor Smart Camera
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Ground Level
  • Property is near public transit

Schools

  • Columbine Elementary School
  • Whittier E-8 Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Single-Phase Power
  • 220 Volts
  • 110 Volts
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Phone Available

Listing and Financial Details

  • Exclusions: Staging and tenant personal property. Owners property in shed.
  • Tenant pays for cable TV, electricity, gas, grounds care, internet
  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 2251-48-010

Community Details

Overview

  • No Home Owners Association
  • Clayton Subdivision

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Laundry Facilities
  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,834

Year Built

Built in 1945 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Mid-Century Modern
  • Structure Type: Duplex
  • Levels: Multi/Split
  • Year Built: 1945
  • Above Grade Finished Sq Ft: 1420
  • Entry Location: Ground
  • Exclusions: Staging and tenant personal property. Owners property in shed.
  • Living Area: 1420
  • Pets Allowed: Cats OK, Dogs OK
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Clayton
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 80.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 1.04341
  • Attribution Contact: BobbyILoveYourWay@gmail.com,720-636-6096
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Freezer, Gas Water Heater, Refrigerator, Washer
  • Interior Amenities: High Speed Internet, Laminate Counters, Smart Thermostat
  • Flooring: Carpet, Concrete, Linoleum, Tile, Vinyl
  • Basement: Daylight, Exterior Entry, Finished, Full, Partial, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 3

Exterior Features

  • Direction Faces: West
  • Roof: Fiberglass, Rolled/Hot Mop, Tar/Gravel
  • Construction Materials: Brick
  • Exterior Features: Garden, Lighting, Private Yard, Rain Gutters
  • Patio and Porch Features: Covered

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 6
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V, 220 Volts, Single Phase
  • Laundry Features: Common Area, In Basement, Laundry Closet
  • Security: Carbon Monoxide Detector(s), Smart Cameras, Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 3000

Schools

  • Middle Or Junior School: Whittier E-8

Lot Info

  • Parcel Number: 2251-48-010
  • Lot Size Acres: 0.17
  • Fencing: Full, Partial
  • Building Area Total: 1500
  • Lot Features: Landscaped, Level, Near Public Transit
  • Lot Size Sq Ft: 7280
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Energy Efficient: HVAC, Lighting, Thermostat, Water Heater, Windows

Rental Info

  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Internet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3834

MLS Schools

  • Elementary School: Columbine
  • High School: East

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $625,000 +4.3% $440 / Sq Ft
11/15/2024 11/15/24 For Sale $599,000 -- $422 / Sq Ft
Source: REcolorado®

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 $3,919 $49,480 $22,060 $27,420
2023 $3,834 $49,480 $22,060 $27,420
2022 $2,288 $28,770 $16,630 $12,140
2021 $2,256 $30,240 $17,480 $12,760
2020 $2,132 $28,730 $14,990 $13,740
2019 $2,072 $28,730 $14,990 $13,740
2018 $1,598 $20,660 $12,580 $8,080
2017 $1,594 $20,660 $12,580 $8,080
2016 $1,456 $17,850 $6,670 $11,180
2015 $1,395 $17,850 $6,670 $11,180
2014 $866 $10,430 $3,335 $7,095
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Closed $500,000 New Conventional
Previous Owner $170,950 FHA
Previous Owner $179,800 Purchase Money Mortgage
Previous Owner $3,000,000 Unknown
Previous Owner $165,600 Unknown
Previous Owner $1,622 Stand Alone Second
Previous Owner $10,750 Stand Alone Second
Previous Owner $20,000 Stand Alone Second
Previous Owner $3,000 Stand Alone Second
Previous Owner $158,655 Unknown
Previous Owner $76,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $625,000 Exact Title
Warranty Deed $625,000 Exact Title
Special Warranty Deed $185,400 Fahtco
Trustee Deed -- None Available
Warranty Deed -- --
Quit Claim Deed $135,600 --
Special Warranty Deed $125,000 Chicago Title Co
Trustee Deed $198,037 --
Source: Public Records

About the Listing Agent

Bobby Reginelli

MODUS Real Estate

(720) 636-6096

Section Image

As a real estate advisor, property investor, home builder, landlord, and craftsman, Bobby has been very active in Colorado real estate for nearly a decade. A Denver native, Bobby is a passionate educator who thrives helping first-time home buyers, real estate mavens and developers/investors at every price point. Informally dubbed the “Ambassador of Enthusiasm” Bobby brings excitement about all thing’s real estate with him in every transaction. Whether he is working in Spanish or English, Bobby

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Source: REcolorado®

MLS Number: 5629319

REcolorado®

APN: 2251-48-010