EXCEPTIONAL INVESTMENT OPPORTUNITY: PRIME LOT FOR DEVELOPMENT!!!
Back on market; buyer financing fell through at the last minute!
Welcome to a unique investment opportunity in a highly sought-after area! This single-family home is situated on a generous lot with potential for significant future development. Boasting ample space, this property is zoned to allow the construction of up to three single family homes, a triplex, or a single family home plus a duplex, making it an ideal choice for investors or builders looking to maximize profitability.
PROPERTY HIGHLIGHTS:
Spacious Lot: A generous parcel offering the potential to build up to three homes, providing ample room for expansion and development.
Prime Location: Minutes away from Olde Town's shops, galleries, restaurants, boutiques, coffee shops, live music, outdoor events
Walkable: Olde Town is pedestrian-friendly and easy to stroll around.
Location: Olde Town is also home to residential living and is a stop on the RTD's G Line commuter rail, which goes to Denver International Airport.
Single-Family Home: A single family residence currently on the lot, offering immediate rental income or a comfortable living space while you plan your development project.
Development Potential: Zoned for multi-home construction, this property offers exceptional flexibility and opportunities for maximizing investment value.
INVESTMENT BENEFITS:
High ROI Potential: With the ability to build multiple homes on a single lot, investors can significantly enhance their return on investment.
Desirable Area: Benefit from a location that attracts interest from buyers/renters, ensuring strong marketability of new properties.
Strategic Growth: Take advantage of the area's growth trends and rising property values to secure a lucrative development opportunity.
Don't miss out on this rare chance to capitalize on a prime piece of real estate. Contact us today to explore the potential of this exceptional property!!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Colorado Real Estate, LLC Brokerage Email: vbeaudoin00@gmail.com,303-726-1847 License #100066590
Co-Listed By
Berkshire Hathaway HomeServices Colorado Real Estate, LLC Brokerage Email: vbeaudoin00@gmail.com,303-726-1847 License #100098240
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Bedrooms and Bathrooms
Basement
Home Security
Schools
Utilities
Community Details
Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2025 03/24/25 | Sold | $455,182 | +1.2% | $360 / Sq Ft |
| 02/23/2025 02/23/25 | Price Changed | $450,000 | -14.3% | $356 / Sq Ft |
| 01/24/2025 01/24/25 | Price Changed | $525,000 | -4.5% | $415 / Sq Ft |
| 01/06/2025 01/06/25 | Price Changed | $550,000 | -2.7% | $435 / Sq Ft |
| 11/19/2024 11/19/24 | Price Changed | $565,000 | -1.7% | $447 / Sq Ft |
| 09/25/2024 09/25/24 | Price Changed | $575,000 | -4.2% | $455 / Sq Ft |
| 08/19/2024 08/19/24 | For Sale | $600,000 | -- | $475 / 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 | $2,303 | $30,442 | $17,227 | $13,215 |
| 2023 | $2,303 | $30,442 | $17,227 | $13,215 |
| 2022 | $1,864 | $25,984 | $15,189 | $10,795 |
| 2021 | $1,895 | $26,732 | $15,626 | $11,106 |
| 2020 | $1,414 | $21,805 | $9,188 | $12,617 |
| 2019 | $1,395 | $21,805 | $9,188 | $12,617 |
| 2018 | $1,264 | $20,110 | $8,538 | $11,572 |
| 2017 | $1,157 | $20,110 | $8,538 | $11,572 |
| 2016 | $938 | $17,816 | $8,718 | $9,098 |
| 2015 | $707 | $17,816 | $8,718 | $9,098 |
| 2014 | $707 | $13,967 | $7,105 | $6,862 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $432,250 | New Conventional | |
| Previous Owner | $130,500 | VA | |
| Previous Owner | $192,000 | New Conventional | |
| Previous Owner | $192,000 | Unknown | |
| Previous Owner | $92,000 | No Value Available |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $455,182 | First American Title | |
| Guardian Deed | $115,000 | First American Heritage Titl |
$550,000
This a perfect flip.The detached two car garage is 18 x 24" equaling 432' with a one car garage door.Carriage house is being remodeled inside and out.There are three sheds 170', 173', 286'.We went to the City of Arvada development meeting, and you can apply for three additional building lots of about 106 x 100 each. You can make four additional lots, but you would need to remove
Ed Tomlinson MB Ed Tomlinson Real Estate Services
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Source: REcolorado®
MLS Number: 4222203
APN: 39-111-11-027
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