Access Date and Time
Monday, 10/21/2024, 12:00 PM
Property Overview
Today, we are pleased to present a well-kept 1954 ranch home with a finished basement, located in the desirable Virginia Village neighborhood of Denver. This residence offers 2,030 square feet of living space, featuring 4 bedrooms and 2 bathrooms. Set on a quiet street, the property sits on a generous 6,110 square foot lot and includes a 1.5-car detached garage.
As you enter, you are welcomed by a spacious living room that flows into a dining area, which was thoughtfully converted from the original third upstairs bedroom. Down the hall, you will find a full bathroom and two generously sized bedrooms. The well-appointed kitchen at the back of the home features double doors that lead to a newly constructed large deck, perfect for outdoor entertaining.
The finished basement provides additional living space, including a sizable family room, a utility room, a laundry room, and a bathroom, along with two more bedrooms. This home offers a fantastic layout and a wonderful opportunity for comfortable living in a vibrant community.
Homes in this neighborhood typically sell in the high $600,000s to low $700,000s, with similar square footage, bedrooms, and bathrooms. Our subject property includes the added benefit of a 1.5-car detached garage. To meet or exceed our target After Repair Value (ARV), we have budgeted for cosmetic updates to align with comparable sales in the area. The 2023 property taxes were $2,915, and it is located within the Denver County School District 1.
Neighborhood: Vestals Sunset Terrace is a highly sought-after subdivision within the Virginia Village neighborhood of Denver, offering an array of desirable amenities. Residents enjoy convenient access to excellent schools, beautiful parks, and a variety of restaurants and shopping options. With its proximity to Downtown Denver and easy access to I-25, this community provides the perfect balance and convenience. Experience the best of Denver living in this vibrant neighborhood!
Video Walkthrough
To meet or exceed our target After Repair Value (ARV), we have budgeted for several key updates, including a renovation of the kitchen and both bathrooms, as well as enhancements to the flooring, the upstairs already features attractive hardwood flooring. We plan to add air conditioning, replace the water heater, and install new windows in the basement. Additionally, our budget includes provisions for interior painting and addressing any general maintenance needs. These improvements will significantly enhance the property's value in the market.
Total Budget: $60,000
A beautifully updated 4-bedroom, 2-bathroom ranch home located in the highly sought-after Virginia Village neighborhood of Denver. This spacious 2,030 square foot residence features a thoughtfully designed layout and modern finishes throughout. Situated on a generous 6,110 square foot lot, the property includes a 1.5-car detached garage, providing ample storage and parking options. This home offers a perfect blend of comfort and convenience in a vibrant community. Don't miss the opportunity to make it your own!
Closing is scheduled for 12/02/2024.
The closing date is likely to be sooner.
3 beds, 2 baths, 2,030 sq ft
1663 S Elm Street, Denver, CO 80222 Zillow
Located in the same subdivision, this comparable property sold for $680,000 with $3,000 in seller concessions on September 13, 2024. This ranch-style home features 2,232 square feet, including 5 bedrooms and 2 bathrooms, and was built within one year of our subject property. While this comp has a slightly larger lot and three bedrooms upstairs, our subject has converted the third bedroom into a dining room, enhancing its layout. Additionally, our subject benefits from a 1.5-car detached garage, which this comp lacks. The comparable home includes a nicely updated kitchen and some bathroom improvements, making it comparable to our subject after incorporating the proposed renovation budget.
1869 S Filbert Court, Denver, CO 80222 Zillow
This comparable property, just a few doors down on the same street, is currently active for $675,000 as of September 18, 2024. Built in the same year, it features 4 bedrooms and 2 bathrooms within 1,798 square feet, with 1,530 square feet of finished living space. This comp sits on a lot of similar size but does not include a garage. In contrast, our subject property offers 2,030 square feet, the same number of bedrooms and bathrooms, and the added benefit of a 1.5-car detached garage. This comp is well-maintained and has undergone updates to both the kitchen and bathrooms, making it a relevant comparison to our subject property.
1852 S Fairfax Street, Denver, CO 80222 Zillow
Located on the next street over, this comparable property sold for $660,000 just last month on September 27, 2024. This home features 1,810 square feet, with 4 bedrooms and 2 bathrooms, and was built within one year of our subject property. It sits on a similarly sized lot and includes a one-car attached garage. In contrast, our subject offers 220 additional square feet of livable space and a 1.5-car detached garage. The comparable home is clean and has some basic updates in the kitchen and bathrooms, while our subject's budget includes provisions for a higher-quality finish, enhancing its overall appeal.
Noteable; 1729 S Eudora Street, Denver, CO 80222 Zillow
This comparable property, located in the same subdivision, is currently pending for $550,000 and went under contract in just 7 days on September 18, 2024. It features 2,153 square feet, with 4 bedrooms and 2 bathrooms, and was built in the same year as our subject property. Although it sits on a similarly sized lot, it does not include a garage, while our subject has a 1.5-car detached garage. The comparable home is dated and in need of a full remodel, highlighting the value of our subject property, which is offered at a much more competitive price point.
