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Key Details
Sold Price $1,637,065
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,875 sqft
Price per Sqft $569
Subdivision Observatory Park
MLS Listing ID 6426372
Bedrooms 5
Full Baths 2
Half Baths 1
Three Quarter Bath 1
Year Built 1952
Annual Tax Amount $6,968
Tax Year 2022
Lot Size 0.410 Acres
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
Zoning S-SU-D
Interior
Heating Forced Air, Natural Gas, Wall Furnace, Wood
Cooling Air Conditioning-Room, Attic Fan, Central Air
Fireplaces Number 1
Fireplaces Type Family Room, Wood Burning
Exterior
Exterior Feature Garden, Private Yard, Rain Gutters
Parking Features Circular Driveway, Concrete, Exterior Access Door, Lighted, Oversized, Storage
Garage Spaces 2.0
Fence Full
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected
Roof Type Composition,Membrane
Building
Lot Description Landscaped, Level, Many Trees, Near Public Transit, Sprinklers In Front, Sprinklers In Rear, Subdividable
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding,Wood Siding
Schools
Elementary Schools University Park
Middle Schools Merrill
High Schools South
School District Denver 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Wild & Mild Homes LLC
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Chad Nash, The Real Estate Doctor
CEO / Real Estate Wealth Advisor
CEO / Real Estate Wealth Advisor