1660 S Pearl Street

351K

1 beds

1 baths

641 sqft

1 bd • 1 ba • 641 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.

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AI Property Analysis

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List Price

$351,000

Price/Sq.Ft

$548

Year Built

AI Property Analysis

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

The Good

• Central Denver location: The address on S Pearl Street indicates a desirable, central location with good access to amenities, shops, and restaurants. This is a significant advantage in Denver's competitive real estate market. • Potential for rental income: The one-bedroom rental rate of $1,540 per month suggests a solid potential for generating rental income, which is attractive to investors. The annual income is estimated at $18,480, which can provide a reasonable return. • Compact and low-maintenance: The small size of the property (641 square feet) can be a positive for buyers seeking a low-maintenance, easy-to-manage living space. This might be ideal for single professionals or couples. • Existing infrastructure: As a house, the property likely has existing utilities (though specific details are not provided), which would save the cost and effort of new hookups. This assumes that existing infrastructure is in good working order and complies with city codes. • Walkability: The address suggests that the property is located in a walkable neighborhood, which is highly valued by many Denver residents, providing access to local shops, restaurants, and public transport.

The Bad

• Small size: At 641 square feet, this is significantly smaller than the average single family home in Denver and may not be suitable for buyers needing more space. The limited living area may also impact the property's appeal to a broader range of buyers. • Unknown age and condition: The lack of information about the property's age and condition is a major drawback. Buyers may need to budget for potential repairs or updates, and should conduct a thorough inspection prior to purchase. • Lack of property details: The absence of a property description, room details, and utility information makes it difficult to assess the property's features and potential issues. It is not possible to determine the property's specific condition or layout based on the provided information, which may deter buyers. • No included features: The listing explicitly states that no features are listed. This lack of information makes it impossible to determine any unique selling points or value-added components of the property. • High price per square foot: At $547.58 per square foot, the property is on the higher end of the market, especially considering its small size and lack of detailed features. A more detailed comparison with similar properties in the area is needed.

The Ugly

• High price for limited space: The price of $351,000 for a 641 square foot, one-bedroom property is high, especially considering the lack of information about its features, age, and condition. This may not be a good value for buyers looking for more space or modern features. • Unknown maintenance costs: The lack of information about the property's age and systems makes it difficult to estimate potential maintenance costs. Older homes often require more upkeep and repairs, which could add significantly to the total cost of ownership. This uncertainty is a major drawback for potential buyers. • Potential for hidden issues: The absence of detailed property information increases the risk of encountering hidden issues such as structural problems, outdated plumbing or electrical systems, or environmental hazards. A thorough inspection is necessary to avoid costly surprises. • Unclear long-term value: Due to the lack of information, it is difficult to assess the property's long-term value or potential for appreciation. Buyers may be taking on a significant risk without a clear understanding of the property's condition and market position. • Limited buyer appeal: The combination of a high price tag, small size, and lack of detailed information may limit the property's appeal to a smaller segment of buyers, potentially making it difficult to sell in the future.

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

• Single professionals or couples seeking a compact, low-maintenance urban dwelling in a central Denver location. Given the median income of $108,508, those with incomes at or above this level can comfortably afford the estimated monthly housing costs. • Buyers prioritizing location and walkability over square footage, who value proximity to amenities and public transportation. The property's address on S Pearl Street suggests a location with good access to local shops and restaurants. • Investors seeking a rental property with consistent demand. The one-bedroom rental rate of $1,540 suggests a potential gross annual rental income of $18,480, which could provide a reasonable return on investment, although property taxes, insurance, and maintenance costs must be factored in. • Buyers not requiring a lot of storage space or indoor living area. The 641 square footage is smaller than the average Denver home, appealing to minimalists or individuals who spend most of their time outside the home.

Not For

• Families or buyers needing multiple bedrooms or substantial living space. The property's single bedroom and 641 square feet make it unsuitable for larger households or those needing extra storage space. • Buyers on a tight budget. The price of $351,000 in Denver's competitive market is relatively high for a small one-bedroom home. Buyers should ensure they can handle the monthly mortgage payments, property taxes, and insurance costs. • Buyers who prioritize newer construction and modern amenities. The age of the property is unknown, and the lack of information about utilities and features could indicate an older home that requires updates. • Buyers who are not comfortable with the risks of buying an older property, such as potential issues with lead paint, asbestos, or outdated systems. A detailed inspection is necessary to mitigate these risks.

Demographics

Area Median Income

$108,508

Property History

Price History

Ownership Timeline

$351,000Cash Purchase

Jan 28, 2022

Lynn Mackey, Monroe MackeyDaniel Joseph Gallegos, Sunga Lee

Warranty Deed