This listing addresses the lack of developable properties presently available in Park Hill. Renovate or scrape. Post renovation sale price is expected to exceed $675K (with existing 2-car detached garage) and new construction is expected to exceed $1.5M (assumes 3200 square foot new build). Either option allows for a profit factoring in the property acquisition cost. Property will be sold as-is; offers without contingencies will be given higher priority. Good lot size at 6000 SF.
Listed by RazrGroup .• Keller Williams Realty Urban Elite
Listed by Ramon C. Bargas• Keller Williams Realty Urban Elite
Bought with Jan Ford• Coldwell Banker Realty 24
Redfin checked: 1 minute ago (Sept 24, 2023 at 1:29pm)
•Source:REColorado #2459982
Home facts
Property Type
Single Family Residential
Year Built
1950
Community
Watertown Place
Lot Size
6,200 Sq. Ft.
Price insights
Redfin Estimate
$498,429
Price/Sq.Ft.
$365
Buyer’s Agent Commission
2.5%
Redfin Estimate for 2850 Ivy St
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Create an Owner Estimate
$498,429
+$38K since sold in 2023 • Last updated 09/24/2023 1:31 pm
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Around this home
Transportation near 2850 Ivy St
56/100
Somewhat walkable
Walk Score®
43/100
Some transit
Transit Score®
86/100
Very bikeable
Bike Score®
Climate risks
About climate risks
Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.
Risk Factor
Flood Factor - Minimal
Unlikely to flood in next 30 years
Fire Factor - Minimal
Unlikely to be in a wildfire in next 30 years
Heat Factor - Moderate
5 days above 92° expected this year, 12 days in 30 years
Based on Redfin's Denver data, we estimate the home's value is $498,429
What is the rental estimate for this home?
We estimate that 2850 Ivy St would rent for between $2,099 and $2,423.
How competitive is the market for this home?
Based on Redfin's market data from the past 3 months, we calculate that market competition in 80207, this home's neighborhood, is very competitive. Homes sell for about 1% below list price and go pending in around 15 days. Hot homes can sell for about 1% above list price and go pending in around 4 days. Compared to nearby markets, 80207 is more competitive than Central Park and as competitive as Park Hill.
The Denver housing market is very competitive. Homes in Denver receive 5 offers on average and sell in around 16 days. The median sale price of a home in Denver was $638K last month, down 2.7% since last year. The median sale price per square foot in Denver is $358, up 2.3% since last year.