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15290 W Baker Ave
Lakewood, CO

15290 W Baker Ave

$1,117,400
4 bd • 3 ba • 3,429 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,117,400

Price/Sq.Ft

$326

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 3,429 sqft property at 15290 W Baker Ave, Lakewood, CO 80228 offers exceptional value at $325.87/sqft, which is approximately 20% below the average price of $407/sqft for similar homes in the area. With 4 bedrooms and 3 bathrooms, it provides ample space for families or those needing extra rooms for home offices. The property size is 30% larger than the median home size in Lakewood (2,636 sqft), offering significant additional living space. Its location in Lakewood provides easy access to Denver's amenities while maintaining a suburban feel. The full moon visible in the image suggests good natural lighting and potential for energy savings. The warm exterior lighting enhances curb appeal and security.

The Bad

The lack of detailed property features and description limits our ability to assess specific amenities or recent upgrades. The unknown build year raises concerns about potential hidden issues or outdated systems. At $1,117,400, the property is priced 31% above Lakewood's median home value of $850,000, which may limit the buyer pool. The exterior image shows a dark, potentially dated facade that might require cosmetic updates. The property's price point is significantly above the local median income of $99,342, potentially leading to affordability issues for many Lakewood residents.

The Ugly

Lakewood's higher-than-average radon levels pose a significant health risk, potentially requiring mitigation systems costing $800-$2,500. The area's expansive soil issues could lead to foundation problems, with repair costs ranging from $5,000 to $25,000 or more. Arsenic in groundwater, if applicable, could necessitate expensive water treatment systems ($1,000-$3,000). The property's high price relative to local incomes suggests a monthly mortgage payment around $6,000-$7,000 (assuming 20% down, 30-year fixed at current rates), which is unsustainable for many buyers. Potential aircraft noise from nearby airports could impact quality of life and future resale value.

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

This property is best suited for high-income professionals or families earning $250,000+ annually, given the price point. It's ideal for those seeking a spacious home in a suburban setting with easy access to Denver. The multiple bedrooms make it perfect for large families or those needing dedicated home office spaces. Investors looking for high-end rental properties could potentially earn $3,500-$4,000 monthly, based on local four-bedroom rental rates of $2,750 and the property's above-average size.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $200,000 due to the high purchase price and potential mortgage costs. It's also not ideal for buyers seeking a low-maintenance or move-in ready home, given the potential for updates and the unknown age of the property. Those sensitive to noise or concerned about air quality issues should carefully consider the location's proximity to airports and higher radon levels.
Demographics
Area Median Income

$99,342

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Risk Assessment

Risk Analysis

Key risks include the high radon levels in Lakewood (potentially 2-3 times the EPA action level), requiring immediate testing and possible mitigation. The expansive soil in the area poses a 15-20% risk of foundation issues over 30 years. Unknown build year could hide significant repair needs, potentially costing 1-3% of the home's value annually. Market volatility is a concern, with Lakewood's home values appreciating 42.5% over the past 5 years, suggesting a potential market correction. The high price-to-income ratio (11.2x vs. the recommended 3-5x) indicates a risk of local market overvaluation.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,017,500

-8.9% below list price

Median Price

$985,000

Based on 6 recent sales

Price per Sq.Ft

$328

Comparable Properties

14530 W Bates Place, Lakewood, CO 80228
Price: $1,023,000
Sq.Ft: 2,957
Beds/Baths: 3/3
$/Sq.Ft:
$3466.2%
Sale Date: 9/15/2024
13798 W Asbury Circle, Lakewood, CO 80228
Price: $857,000
Sq.Ft: 2,767
Beds/Baths: 5/3
$/Sq.Ft:
$3105.0%
Sale Date: 9/6/2024
2120 S Devinney Street, Lakewood, CO 80228
Price: $885,000
Sq.Ft: 2,792
Beds/Baths: 4/3
$/Sq.Ft:
$3172.7%
Sale Date: 8/6/2024
15208 W Baker Avenue, Lakewood, CO 80228
Price: $980,000
Sq.Ft: 2,992
Beds/Baths: 3/4
$/Sq.Ft:
$3280.5%
Sale Date: 11/14/2024
15508 W La Salle Avenue, Lakewood, CO 80228
Price: $985,000
Sq.Ft: 3,108
Beds/Baths: 4/4
$/Sq.Ft:
$3172.7%
Sale Date: 10/17/2024
14994 W Warren Place, Lakewood, CO 80228
Price: $1,375,000
Sq.Ft: 3,905
Beds/Baths: 5/4
$/Sq.Ft:
$3528.1%
Sale Date: 10/28/2024

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