Access Date and Time
Thursday, 4/3/2025, 2:00 PM
Property Overview
Mountain View on a 10,324sf lot!
This 4 bedroom, 2 bath ranch with a basement in Golden is a great opportunity for an investor ready to finish what’s been started. This 2,040 square feet with a 1-car attached garage house has already had some major updates, including new vinyl plank flooring in the main living areas on both levels, new siding, and exterior paint. Carpet has been purchased but not yet installed for the upstairs bedrooms, and drywall materials are on-site for the areas that still need finishing. The electrical work was nearly completed, with new copper wiring run throughout, but it still needs to be connected to the panel. The basement bathroom has new tile in place, but finishing work is needed. The kitchen is close to functional as is, with upgraded cabinets and butcher block counters that could be slab for a more modern look. Outside, the front and backyards need a big cleanup, and there’s an enclosed room off the kitchen that, if finished, could add even more usable square footage. The real standout feature of this property is the backyard view—expansive mountain scenery that makes this home worth the effort. With inventory in the neighborhood sitting under two months, demand is strong, and a full renovation to match area comps should make this a solid investment. Closing is set for April 18th, but there’s flexibility to close sooner if needed. If you have a crew ready to jump in and finish the job, this could be a great project with plenty of upside. All materials on site will stay with the property which will minimize your material costs. Lakewood buyers place a premium on large lots. This should finish up quickly and be on the market in a few weeks.
Neighborhood Description
Located in the highly sought after Golden Heights neighborhood of iconic Golden, Colorado, this property sits in an A+ location with unbeatable access to everything the area has to offer. With inventory sitting at just 1.99 months, opportunities here are rare, making this a prime investment. Whether heading to downtown Golden, Denver, or Boulder, or escaping to the mountains, this property’s central location makes it easy. Outdoor enthusiasts will appreciate the countless hiking and biking trails just steps away, including the C-470 bike path and the Green Mountain Trail System. The combination of strong demand, limited supply, and easy access to parks, trails, and major cities makes this an investment worth considering.
Video Walkthrough
We have estimated the fix budget at around $60k for this property. This fix includes bathroom updates, bedroom floors, drywall patch work, electrical work finish, backyard cleanup, kitchen counters/cabinets/layout, roofing, furnace replacement, and interior paint for the finishing touch.
Total Budget: $60,220
The finished product will be a 4-bed, 2 bath property with 2,040 square feet of updated property with a finished basement.
The backyard requires some clean up, there is a gazebo that adds character but there is an old wooden shed that might need to be taken down. The view from the backyard is definitely the selling point of this property.
Closing is scheduled for 04/18/2025.
Close is set for 4/18 but can be sooner if you prefer.
2 beds,1 baths, 1,104 sq ft
322 Pike Street, Golden, CO 80401 Zillow
Sold for $619,200 on 1/17/25 | 4 Bed, 2 Bath, 1824 Sq Ft
This comparable property sold for $619,200 on 1/17/25 and offers a solid benchmark, but the subject property has several advantages that position it for a higher after-repair value. While both properties have four bedrooms and two bathrooms, the subject property has an additional 216 square feet of living space, creating more room and functionality. The kitchens are similar in updates, but the subject property has the potential for more counter space, adding value. One major difference is the backyard—while this comp lacks a view, the subject property offers stunning mountain scenery, a significant selling point in Golden Heights. Also this comp has hard-to-sell-solar, which the subject does not. It is a different style home in the same neighborhood and does not match the subject’s potential in size or location appeal. With similar levels of updates but more square footage and superior outdoor space, the subject property is well-positioned for a stronger resale price.
175 Pike Street, Golden, CO 80401 Zillow
Sold for $602,100 on 9/16/24 | 3 Beds, 2 Baths, 2,000 Sq Ft
This comparable property sold for $602,100 on 9/16/24 and offers a clear example of what a fully renovated home in the neighborhood can achieve. While it has been completely flipped, making it a great reference for the subject property's potential, it falls short in a few key areas. The comp has only three bedrooms compared to the subject property's four, despite being nearly the same size (comp smaller by 40 sq ft), meaning the subject offers more functionality and value. Additionally, the comp appears to have lower ceilings due to bulkheads, which can make the space feel more closed-in compared to the subject property's more open feel. Most importantly, the comp lacks the stunning mountain views that set the subject property apart, giving it a major advantage in both appeal and resale potential. With similar square footage but an extra bedroom and a superior backyard setting, the subject property is positioned to sell for more once fully updated.
15924 W 3rd Avenue, Golden, CO 80401 Zillow
Sold for $605,000 on 6/14/24 | 3 Beds, 2 Baths, 1,144 Sq Ft
This comparable property sold for $605,000 on 6/14/24. It has been renovated with hardwood floors, fresh paint, and updated kitchen and bathrooms, making it a good reference for the finished product of the subject property. However, the finished subject property does outshine this comp in a few areas. The comp has only three bedrooms compared to the subject’s four and is significantly smaller, offering a whopping 896 fewer square feet of living space. It also lacks a basement, which gives the subject property a major advantage in terms of functionality and resale value. While the comp has partial mountain views and a slightly landscaped backyard, the subject property’s backyard will be much nicer once completed, with beautiful, unobstructed mountain views that add significant appeal. With more living space, an extra bedroom, a basement, and superior outdoor potential, the subject property is positioned to sell for more once fully updated.
