10291 E Powers Avenue

• Quartz Countertops: $10,000 • Stainless Steel Appliances: $5,000 • Outdoor Kitchen: $15,000 • Vaulted Ceilings: $7,000 • Updated Kitchen • Outdoor Kitchen • Finished Basement • Vaulted Ceilings • Price Position: At $280.84/sqft, the property is priced below the recent area average of $330/sqft, which could indicate a good value or reflect specific property characteristics. • Appreciation Trend: Property sold in 1998 for $395,000 and is now listed for $1,300,000, demonstrating significant long-term appreciation, but recent market trends show a 6% year-over-year decrease. • Investment Opportunity: After $15,000 in renovations, potential $35,000 equity gain (233.3% ROI) • Rental Income: $2,500/month with 95% occupancy (0.0% cap rate) • Schools: The presence of highly-rated schools like Cherry Creek High School adds an estimated 5-10% premium to property values in this area, compared to similar homes in less desirable school zones. • Future Development: While no specific developments are listed immediately adjacent, the Denver Tech Center is a hub for commercial development. Monitor local planning commission meetings for potential projects that could impact traffic or views. • The kitchen and living areas have good natural light. The basement has limited natural light. • The layout is functional with an open kitchen and living area. The basement is finished but somewhat dated.