$1,525,000
$1,550,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
2,555 SqFt
SOLD DATE : 08/04/2023
Key Details
Sold Price $1,525,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,555 sqft
Price per Sqft $596
Subdivision Hilltop
MLS Listing ID 2637127
Sold Date 08/04/23
Style Cottage
Bedrooms 4
Full Baths 1
Half Baths 1
Three Quarter Bath 1
HOA Y/N No
Originating Board recolorado
Year Built 1948
Annual Tax Amount $5,587
Tax Year 2022
Lot Size 10,018 Sqft
Acres 0.23
Property Description
This 9940 square foot lot presents an exceptional opportunity to build your dream home in the highly sought-after Hilltop neighborhood, just one block away from Cramner Park. The property, previously used as a rental, is being sold As Is as part of a 1031 exchange, allowing the seller to defer capital gains taxes. Located on the prestigious 200 block, the area is renowned for its collection of multi-million dollar homes, adding to the allure and potential value of the lot. Developers and discerning buyers alike should take a closer look at this property. While considering the purchase, it is important to conduct thorough due diligence, including assessing zoning regulations, obtaining necessary permits, and carefully examining any potential issues. Moreover, it's worth noting that the seller has a one-month window to exercise their option for a replacement 1031 property, which may influence the timing of the transaction. To ensure a smooth process and make informed decisions, it is advisable to seek guidance from experienced real estate professionals or legal experts specializing in real estate transactions. They can provide invaluable assistance throughout the acquisition and development stages.
Location
State CO
County Denver
Zoning E-SU-G
Rooms
Basement Partial
Main Level Bedrooms 3
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Fence Partial
Roof Type Wood
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story One
Sewer Public Sewer
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Carson
Middle Schools Hill
High Schools George Washington
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo
Special Listing Condition None
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