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2445 S Jackson Street
Denver, 80210
FOR
SALE
$2,000,000
For Sale
2
Garage0.40
AcresMLS# 5602713
Listed on site 36 days since October 25th, 2023
Property Details
Amazing opportunity to build one or two new luxury homes on one of Denver's prettiest streets. The home is livable but needs updates and repairs and is being sold as-is. The highest and best use for this rare 18, 000 SF lot is to be subdivided into two 9, 000 SF lots with two luxury new builds Other large lots in the neighborhood are typically only 7500 SF and new home sales since 2021 have sold for a median of $3, 485, 000. This portion of Jackson Street is often described as a country lane in the city. The cottonwood tree-lined street has no cross streets and has lots varying from 1 / 3 of an acre to 1 1 / 2 acres. 2445 S Jackson St already has a temporary 2nd address from the city. A survey showing both lots and all information the city needs to sub-divide has been completed. Asbestos testing was done inside and all asbestos has been removed with certification. The lot has two curb cuts and two gates and a new circular driveway that can easily be modified to be reused for two new homes. There is a newer privacy fence in the backyard and wrought iron fencing around the front yard. A two year old home down the street sold recently for $3, 245, 000 on a slightly smaller lot. Observatory Park's highest price sale is $5, 396, 000. The median above ground price per square foot for homes built since 2021 was $856 PSF above ground and $580 PSF total. Those new builds sold in a median of 36 days. Observatory Park is a premier Denver neighborhood with two parks and a great location right between downtown Denver and the Denver Tech Center. This property has a HUGE profit potential and is totally ready for redevelopment!
Property Highlights
Price
$2,000,000
Property Type
Land
Property Sub Type
Subdividable
Acres
0.40
Location
County
Denver
Subdivision
Observatory Park
Zoning
S-SU-D
Property Details
Price
$2,000,000
Property Sub Type
Subdividable
Property Type
Land
Community
Local Schools
School District
Denver 1
Interior Features
Interior Features
Electic
110V, 220 Volts
Terms
Terms
Exclusions
Seller has the right to remove any and all items from the house and property including, but not limited to, all appliances, lighting, cabinets in the garage, plants, stones/rocks, HVAC, copper piping, cabinetry, mirrors
Ownership
Agent Owner
Special Conditions
None
Special Terms
1031 Exchange, Cash, Conventional, Jumbo
Taxes
Tax
Tax (Annual)
$6,968
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Water Source
Public
Lot
Acres
0.40
Lot Dimensions
100 x 180
Lot Features
Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear, Subdividable
Lot Size
0.40
Lot Size Area Sq Ft
17,424
Exterior Features
Fencing
Full
Parking
Garage Capacity
2
Parking Features
Circular Driveway, Concrete, Exterior Access Door, Lighted, Oversized, Storage
Total Parking Spaces
2
Listed by Kentwood Real Estate Cherry Creek, 720-422-0950.
Listing Data last updated 30th November, 2023 23:00 MST
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Property History
36 days ago
Property Listed
13 days ago
Property info last updated
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Listing Data last updated: 30th November, 2023 23:00 MST
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Listed by Kentwood Real Estate Cherry Creek
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