Seller's Agent in 2020
Tonya Fallows
RE/MAX
(303) 489-5533
2 in this area
103 Total Sales
7401 W 59th Ave Arvada, CO 80003
Olde Town Arvada NeighborhoodEstimated Value: $958,326
0.31
Acre
$3,091,374
Price per Acre
13,504
Sq Ft Lot
Highlights
- Corner Lot
- Landscaped
- Development of the land is complete
- No HOA
About This Lot
As of September 2020This Lot is PERFECT for REDEVELOPMENT!! Zoned R13 in Sought after Olde Town Arvada! Rare Opportunity for Multi-Family Residences! Excellent Arvada Location with Convenient Access to Downtown Denver, I70, Olde Town Arvada and 5 Short Blocks to the G Line Light Rail Station! GREAT OPPORTUNITY for the redevelopment and build of 4 high-end townhouses with 2 car "tuck under" garages (or remodel the existing building to a 4-plex) just blocks away from Olde Town Arvada and minutes away from G-Line Light Rail Station.
The lot is 1/3 of an acre (R13 allows of 13 units per acre) so 4 Units would fit on this lot perfectly. Use your own creativity with this beautiful lot so close to all the shops and restaurants of Olde Town!
Currently Being Utilized as a Place of Worship, but is also zoned for a Day Care, School or Continuing Care Facility. Check the City of Arvada for any other allowed uses.
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,571
Year Built
- 1950
Lot Details
- 0.31 Acre Lot
- Landscaped
- Corner Lot
- Development of the land is complete
- Property is zoned R13
Parking
- 26 Parking Spaces
Utilities
- Natural Gas Connected
Community Details
- No Home Owners Association
- Olde Town Arvada Subdivision
Listing and Financial Details
- Exclusions: Sellers personal possessions, to include but not limited to, all Audio and Video Equipment, Appliances, Furniture and Art Work. Contact listing agent for a full detailed list of excluded items
- Assessor Parcel Number 106750
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2020
Closed on
Sep 30, 2020
Sold by
Living Water Unity Church
Bought by
Growest Llc
Seller's Agent
Tonya Fallows
RE/MAX Professionals
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$825,000
Sold Price
$755,000
Premium/Discount to List
-$70,000
-8.48%
Total Days on Market
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,326
Avg. Annual Appreciation
5.47%
Original Mortgage
$396,082
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 1, 2007
Bought by
Living Water Unity Church
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
11.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 31, 1997
Sold by
Cisneros Tomas R
Bought by
Faith Gospel Church Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,758
Interest Rate
11.75%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Growest Llc | $755,000 | Prestige Title And Escrow | |
| Living Water Unity Church | $275,000 | Security Title | |
| Faith Gospel Church Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Growest Llc | $328,000 | |
| Closed | Growest Llc | $396,082 | |
| Closed | Growest Llc | $314,903 | |
| Previous Owner | Living Water Unity Church | $436,496 | |
| Previous Owner | Living Water Unity Church | $285,000 | |
| Previous Owner | Living Water Unity Church | $50,000 | |
| Previous Owner | Faith Gospel Church Inc | $50,000 | |
| Previous Owner | Faith Gospel Church Inc | $47,758 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2020 09/30/20 | Sold | $755,000 | -8.5% | $172 / Sq Ft |
| 06/21/2020 06/21/20 | Pending | -- | -- | -- |
| 06/10/2020 06/10/20 | For Sale | $825,000 | -- | $188 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
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 | $17,188 | $177,202 | $47,399 | $129,803 |
| 2023 | $17,188 | $177,202 | $47,399 | $129,803 |
| 2022 | $5,290 | $54,022 | $42,370 | $11,652 |
| 2021 | $5,228 | $54,022 | $42,370 | $11,652 |
| 2020 | $0 | $58,521 | $42,370 | $16,151 |
| 2019 | $5,571 | $58,521 | $42,370 | $16,151 |
| 2018 | $0 | $53,547 | $38,428 | $15,119 |
| 2017 | $0 | $53,547 | $38,428 | $15,119 |
| 2016 | -- | $59,827 | $37,439 | $22,388 |
| 2015 | -- | $59,827 | $37,439 | $22,388 |
| 2014 | -- | $48,807 | $28,188 | $20,619 |
Source: Public Records
Agents Affiliated with this Home
-
Tonya Fallows
-
Damon L Chavez
Seller Co-Listing Agent in 2020
Damon L Chavez
RE/MAX
(303) 748-8009
3 in this area
157 Total Sales
-
O
Buyer's Agent in 2020
Other MLS Non-REcolorado
NON MLS PARTICIPANT
Map
Source: REcolorado®
MLS Number: 2434024
APN: 39-114-04-012
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