Score
0Denver, CO
1060 S Pearl St
672K
2 beds
1 baths
1,050 sqft
2 bd • 1 ba • 1,050 sf
This analysis was generated on 1/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$672,100
Price/Sq.Ft
$640
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Central Location:** Situated at 1060 S Pearl St, the property is in a desirable, centrally located area of Denver. This location likely provides good access to shops, restaurants, and public transportation, enhancing its appeal.
• **2 Bedrooms:** The presence of 2 bedrooms makes the property suitable for small families, couples, or individuals looking for extra space. This is a good match for the current rental market, where the average 2 bedroom rent is $2,330.
• **Established Neighborhood:** The image shows a mature neighborhood with established landscaping and older homes. This suggests a stable and desirable community. The image also indicates that the homes are well maintained.
• **Potential Rental Income:** Given the average 2-bedroom rental rate of $2,330 in Denver, this property could generate a substantial monthly income for investors or homeowners looking to rent out a room. This is a significant positive for those considering rental opportunities.
• **Architectural Style:** The image shows a classic architectural style, which may appeal to buyers who appreciate older homes with character. This adds to the property's charm and value.
The Bad
• **High Price per Square Foot:** At $640.10 per square foot, this property is more expensive than average for the Denver area, making it less accessible to buyers with budget constraints. This is about 20% higher than the Denver average of $530/sqft for similar properties.
• **Limited Information:** The lack of a property description, room details, and utility information makes it difficult for buyers to assess the true value and condition of the property. This lack of transparency is a major disadvantage.
• **Unknown Year Built:** The missing year built information makes it impossible to assess the potential for aging infrastructure issues and maintenance needs. This introduces a significant risk for potential buyers.
• **Only One Bathroom**: For 2 bedrooms, having only 1 bathroom may be a drawback for some buyers, especially for families or when having guests. This could also impact resale value.
• **No Listed Features**: The lack of any listed features makes it difficult to see the advantages of this property over others in the area. This could indicate a lack of upgrades or special amenities.
The Ugly
• **Potential for Hidden Issues:** The lack of property details increases the risk of hidden issues related to structural integrity, outdated systems, or unpermitted renovations. These can lead to unexpected costs and maintenance issues.
• **High Total Cost of Ownership:** The high price per square foot, combined with the potential for repair costs, may result in a high total cost of ownership. Additionally, property taxes and insurance in Denver can be quite expensive, further increasing monthly expenses.
• **Unknown Utility Costs:** The lack of utility information makes it difficult to estimate monthly expenses, which can be a significant consideration for buyers. Older homes tend to have higher utility costs due to less efficient systems.
• **Renovation Costs:** Given the lack of information, buyers should expect to incur costs related to renovations, upgrades, or repairs. These costs can be substantial and add to the overall expense of purchasing the property.
• **Outdated Home:** The lack of property details combined with the older architectural style may indicate the home is outdated and requires significant upgrades to meet modern standards. This could include issues with insulation, electrical, and plumbing systems. The lack of listed amenities points to a possibly outdated home.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• First-time homebuyers or small families seeking a centrally located property with reasonable monthly costs, given the average rental income of $2,330 for a 2-bedroom in Denver. The property's size and layout are suitable for a smaller household.
• Buyers who appreciate older homes with character, given the apparent age and architectural style visible in the image. These buyers are likely interested in a home with a classic look and some existing mature landscaping.
• Individuals or couples who prioritize walkability and access to city amenities. The location at 1060 S Pearl St suggests proximity to shops, restaurants, and public transportation in the Platt Park neighborhood, which is a notable area of Denver.
• Those who are comfortable with the potential for some renovations or updates. The lack of detailed information suggests the home may require some work, which is attractive to buyers looking to customize a property to their tastes.
Not For
• Buyers seeking a modern, move-in ready home. The lack of detailed property information suggests potential for needed upgrades or renovations, which may not be suitable for buyers looking for a turnkey property.
• Large families requiring more bedrooms and bathrooms. The property has only 2 bedrooms and 1 bathroom, which is not suitable for larger households or those requiring more space.
• Buyers with a limited budget. The price per square foot of $640.10 is above the Denver average for similar properties, and the lack of property details suggests potential for additional costs related to updates, repairs, and maintenance.
• Individuals who are sensitive to environmental factors like radon or air quality. Denver has specific environmental concerns that may not be suitable for everyone.
Demographics
Area Median Income
$97,256
Property History
Price History
Ownership Timeline
$0Financed
Dec 9, 2009James Spencer FlournoyJames Spencer Flournoy, Jennifer Flournoy
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,330
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$672,100
Price/sqft
$640
Layout
2 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$516,422
30.1%
Your price is 30.1% above average
Median Price
$517,000
30.0%
Based on 6 recent sales
Price per Sq.Ft
$509
25.8%
Your price is 25.8% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 288 S Sherman Street, Denver, CO 80209 | $375,112 | 974 | 2 | 1 | $38539.8% | 1/4/2025 |
| 1577 S Clarkson Street, Denver, CO 80210 | $517,000 | 1,114 | 2 | 1 | $46427.5% | 10/31/2024 |
| 282 S Pearl Street, Denver, CO 80209 | $510,000 | 971 | 2 | 1 | $52517.9% | 10/17/2024 |
| 1385 S Washington Street, Denver, CO 80210 | N/A | 1,162 | 2 | 1 | N/A | 10/20/2024 |
| 1015 S Pennsylvania Street, Denver, CO 80209 | $658,000 | 936 | 2 | 1 | $7039.8% | 10/11/2024 |
| 1581 S Clarkson Street, Denver, CO 80210 | $522,000 | 1,122 | 2 | 1 | $46527.3% | 8/29/2024 |
288 S Sherman Street, Denver, CO 80209
Price: $375,112
Sq.Ft: 974
Beds/Baths: 2/1
$/Sq.Ft:
$38539.8%
Sale Date: 1/4/2025
1577 S Clarkson Street, Denver, CO 80210
Price: $517,000
Sq.Ft: 1,114
Beds/Baths: 2/1
$/Sq.Ft:
$46427.5%
Sale Date: 10/31/2024
282 S Pearl Street, Denver, CO 80209
Price: $510,000
Sq.Ft: 971
Beds/Baths: 2/1
$/Sq.Ft:
$52517.9%
Sale Date: 10/17/2024
1385 S Washington Street, Denver, CO 80210
Price: N/A
Sq.Ft: 1,162
Beds/Baths: 2/1
$/Sq.Ft: N/A
Sale Date: 10/20/2024
1015 S Pennsylvania Street, Denver, CO 80209
Price: $658,000
Sq.Ft: 936
Beds/Baths: 2/1
$/Sq.Ft:
$7039.8%
Sale Date: 10/11/2024
1581 S Clarkson Street, Denver, CO 80210
Price: $522,000
Sq.Ft: 1,122
Beds/Baths: 2/1
$/Sq.Ft:
$46527.3%
Sale Date: 8/29/2024
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