$1,637,065
$1,759,900
7.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,875 SqFt
SOLD DATE : 07/15/2024
Key Details
Sold Price $1,637,065
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,875 sqft
Subdivision Observatory Park
MLS Listing ID 6426372
Sold Date 07/15/24
Bedrooms 5
Full Baths 2
Half Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 2,875
Originating Board REcolorado
Year Built 1952
Annual Tax Amount $6,968
Lot Size 0.410 Acres
Acres 0.41
Property Description
UNIQUE BUILDING OPPORTUNITY! 18,000 SF lot for sale- You rarely see a lot this size for sale in Denver anymore. It fits all zoning requirements to be split into two 9,000 SF lots- Still extra large compared to the 6250 SF & 7500 SF lots most common in Observatory Park. POSSIBILITIES: You could knock down the house & finalize the lot split & sell both lots for the neighborhood market value ($1,250,000-$1,350,000) 2) Split the lot into two 9,000 SF lots, build for yourself on one side & sell the other. 3) Split the lot & build 2 new luxury spec homes on one of Denver's prettiest streets for huge profit potential. 4) Do some updates & live in this charming 1952 home with 5 bedrooms & 4 baths. 5) or build 1 huge luxury home on this gorgeous oversized lot for yourself or a custom client. The new home sales in Observatory Park have an average sold price of $3.3M. This portion of Jackson Street is often described as a country lane in the city. The cottonwood tree-lined street has no cross streets & a permanent exemption from sidewalk requirements. There's already a temporary 2nd address from the city; a survey showing all information the city needs to sub-divide; asbestos testing results & certificate showing all interior asbestos was removed. The lot has 2 curb cuts & 2 gates, a newer water line & a new circular driveway that can easily be modified to be reused for 2 new homes. There's a privacy fence in the backyard & original stately wrought iron fencing around the front. A 2 year old home down the street recently sold for $3.245M on a slightly smaller lot. Observatory Park's highest price sale is $5.396M. The median price per square foot for homes built since 2021 was $859 PSF above ground & $578 PSF total - sod in a median of 36 days. Observatory Park is a premier Denver neighborhood with 2 parks & a great location right between downtown Denver & the Denver Tech Center. This property is ready for redevelopment @ an amazing price!
Location
State CO
County Denver
Area Metro Denver
Zoning S-SU-D
Direction I-25, go south on Colorado BLVD. to Ill. turn west (right) on Iliff. our south (left) on Jackson St. The property is located midway between Iliff and Yale on the WEST side of the street.
Rooms
Other Rooms Outbuildings
Basement Crawl Space
Primary Bedroom Level Main
Bedroom 2 Upper
Bedroom 3 Upper
Bedroom 4 Upper
Bedroom 5 Upper
Interior
Interior Features Study Area, In-Law Floorplan, Walk-In Closet(s)
Heating Forced Air, Wood Stove, Wall Furnace
Cooling Central Air, Room Air Conditioner, Attic Fan
Fireplaces Type Family/Recreation Room Fireplace, Single Fireplace
Fireplace true
Window Features Window Coverings,Double Pane Windows
Appliance Double Oven, Dishwasher, Microwave, Disposal
Laundry Main Level
Exterior
Parking Features Oversized
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Roof Type Composition,Rubber
Street Surface Paved
Handicap Access Level Lot
Porch Patio
Building
Lot Description Gutters, Lawn Sprinkler System, Level
Faces East
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Vinyl Siding,Wood Siding
New Construction false
Schools
Elementary Schools University Park
Middle Schools Merrill
High Schools South
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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