Score
0Denver, CO
2350 Tremont Place Unit 13
965K
3 beds
3 baths
1,806 sqft
3 bd • 3 ba • 1,806 sf
This analysis was generated on 1/28/2025. 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
$965,000
Price/Sq.Ft
$534
Year Built
2021
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The property is a relatively new townhouse (built in 2021) with modern amenities and high-end finishes, reducing the likelihood of immediate repair or upgrade costs. The modern construction ensures compliance with current building codes and standards.
• The townhouse boasts a variety of desirable features, including quartz countertops, stainless steel appliances, a gas stove, a kitchen island, a walk-in closet, a five-piece bath, high ceilings, and a rooftop deck with a hot tub, making it attractive to buyers who value luxury and convenience.
• The open floor plan, high ceilings, and recessed lighting create a bright, spacious living environment. The use of luxury laminate hardwood flooring adds a touch of elegance and is easy to maintain.
• The owner’s suite includes a walk-in closet and a European-style wet room with double sinks and a soaking tub, offering a spa-like experience.
• The rooftop deck provides a private outdoor space with panoramic city and mountain views, along with a hot tub, making it a unique selling point. The additional storage on the deck is a bonus.
• The 2-car garage with storage and a mudroom adds convenience and functionality to the home. The mudroom's features (bench, hooks, cubbies) add a practical element for everyday organization.
• The lack of a monthly HOA fee can be a significant cost savings for the homeowner, as they do not have to pay for community maintenance or amenities, though they will be responsible for all maintenance.
• The property includes ownership of the land on the side of the building, providing an opportunity for customization, such as adding a planter or pet area. This feature makes it more appealing to pet owners and those who desire more flexibility with their outdoor space.
The Bad
• The property has been on the market for 1456 days, which is significantly above average for Denver. This may indicate overpricing, or underlying issues with the property that are not immediately apparent, raising concerns about its marketability and desirability.
• The price per square foot is $534.33, which is high for the Denver market, particularly considering the lack of an HOA and the potential for market adjustments. This premium price may deter some buyers who are sensitive to price per square foot metrics.
• The nearby schools have mixed ratings. Whittier K-8 School has an undefined rating, and University Preparatory School has a 3/10 rating, which may be a significant drawback for families with children who prioritize high-quality education. The only school with a decent rating is East High School with a 7/10.
• The lack of a monthly HOA fee might seem beneficial, but it also means that there are no shared community amenities or services, and homeowners are responsible for all exterior maintenance, repairs, and upkeep, potentially increasing costs and time commitments.
• The property description lacks specific details about the surrounding neighborhood and its proximity to specific amenities. While it mentions 'convenient access,' it does not quantify distances or discuss the specific character of the neighborhood, making it challenging for potential buyers to assess its suitability for their lifestyle.
The Ugly
• The property's extended time on the market (1456 days) is a significant concern, potentially indicating underlying issues, overpricing, or a lack of buyer interest, which might result in needing to lower the price to sell.
• The high price per square foot ($534.33) is a major drawback, especially in a market where buyers are increasingly price-sensitive. This higher price point may limit the pool of potential buyers and make it challenging to compete with other properties that offer better value.
• While the lack of HOA fees is a positive, the absence of an HOA also means that homeowners are solely responsible for all exterior maintenance, repairs, and any shared infrastructure costs, which can be unpredictable and costly.
• The long listing time could raise concerns about the property's condition or marketability, potentially leading to increased scrutiny from potential buyers.
• The property's location, while near downtown, is not within a highly-rated school district, which may be a significant drawback for families with children. The mixed ratings of nearby schools may impact the long-term resale value of the property.
• The lack of specific details about the surrounding neighborhood and nearby amenities creates uncertainty for potential buyers, as they cannot fully assess the property's suitability for their lifestyle and preferences.
• The property's price may need to be adjusted to attract buyers, which could lead to a potential loss for the seller. The previous listing removal at $849,000 suggests that there might be an issue with the property's value or the current market conditions.
• The market's volatility and potential for price fluctuations could create uncertainty for buyers, especially given the property's premium price.
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
• Urban professionals and couples seeking a modern, low-maintenance home near downtown Denver. The location provides easy access to employment centers, cultural venues, and entertainment, aligning with a fast-paced city lifestyle.
• Buyers who appreciate high-end finishes and modern design. The townhouse’s features, such as quartz countertops, stainless steel appliances, a European-style wet room, and a rooftop deck with a hot tub, appeal to those who value luxury and convenience.
• Pet owners who desire a pet-friendly space. The property's features, including the laminate hardwood floors, the side yard, and the lack of HOA restrictions on pets, make it ideal for pet owners.
• Individuals or couples seeking a turn-key property with minimal renovation needs. The townhouse is relatively new (built in 2021) and boasts modern amenities, which significantly reduces the likelihood of immediate maintenance or repair costs.
• Buyers with a strong preference for outdoor living, specifically those who value private outdoor spaces. The rooftop deck with panoramic views and a hot tub is a significant draw for those who enjoy outdoor relaxation and entertainment.
• Buyers comfortable with a higher price point who value location, modern amenities, and low-maintenance living. The property's features and location justify its higher price tag to those who prioritize these factors.
Not For
• Families with young children who prioritize top-rated schools. The schools in the area have mixed ratings (7/10, 3/10, and undefined), which may not meet the needs of families seeking high-performing academic environments.
• Buyers on a strict budget or those who are highly sensitive to price. At $534.33 per square foot, the property is priced higher than other options in the Denver area, which may not align with budget-conscious buyers.
• Individuals or families seeking a large living space. With only 1,806 square feet, the property might feel cramped for larger families or those who prefer more spacious living areas.
• Buyers who prefer a yard or a more traditional outdoor space. Although the property has a rooftop deck, it lacks a traditional yard, which might be a drawback for those who desire a garden or a larger outdoor area.
• Buyers who are not comfortable with the potential for noise and activity associated with downtown living. The property's location near downtown Denver may expose residents to urban noise and foot traffic.
• Buyers who prefer a community with more amenities. The townhouse does not have a monthly HOA fee, which means there are no shared community amenities like a pool or fitness center. This may not be suitable for buyers who seek these types of perks.
Demographics
Area Median Income
$79,436
Property History
Price History
Ownership Timeline
$667,000Financed
Nov 5, 2021Tremont 24 LlcAdam Beeson, Erin Johnson
Special Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$3,621
2024 Tax Assessment
0.3%from previous year
Assessed Value$46,730
Tax Rate7.75%
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• High price per square foot: At $534.33/sqft, this property is priced at a premium compared to the Denver metro average, which may lead to slower appreciation or difficulties in resale if market conditions change.
• Long days on market: With 1456 days on the market, this property has been listed for a significantly extended period, which could indicate issues with pricing or other factors that deter potential buyers. This can affect negotiating power.
• Lack of HOA: The absence of an HOA means there are no shared community amenities or services, and owners are solely responsible for all maintenance and repairs, which can lead to higher costs and less predictable expenses.
• Market volatility: Denver's real estate market is subject to fluctuations, and the property's premium price makes it vulnerable to downturns. If the market cools, the property's value may decrease.
• Altitude and environmental factors: Denver's high altitude can cause health issues for some people, and the dry climate, wildfire risk, and hail can lead to additional costs for health, property maintenance, and insurance.
• School ratings: The mixed ratings of nearby schools may be a concern for families with children, potentially impacting the long-term resale value of the property.
• Radon risk: High levels of radon are common in Colorado, which may require testing and mitigation, resulting in additional costs and efforts.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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$965 monthly
$83 monthly
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Schools
Whittier K-8 School
Public•Grades PK-8
4/10
ElementaryMiddle
288 students
Bruce Randolph School
Public•Grades 6-12
3/10
MiddleHigh
739 students
Manual High School
Public•Grades 9-12
2/10
High
309 students
Cole Arts And Science Academy
Public•Grades PK-5
2/10
Elementary
477 students
Gilpin Elementary School
Public•Grades PK-6
1/10
Elementary
280 students
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$2,449
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$965,000
Price/sqft
$534
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$736,650
31.0%
Your price is 31.0% above average
Median Price
$724,900
33.1%
Based on 6 recent sales
Price per Sq.Ft
$444
20.3%
Your price is 20.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2325 N Gilpin Street, Denver, CO 80205 | $827,000 | 1,722 | 3 | 3 | $48010.1% | 11/8/2024 |
| 1512 Larimer Street #29, Denver, CO 80202 | $640,000 | 1,763 | 3 | 3 | $36332.1% | 10/19/2024 |
| 2001 Lincoln Street #1522, Denver, CO 80202 | $625,000 | 1,467 | 2 | 3 | $42620.3% | 12/11/2024 |
| 2680 Blake Street #6, Denver, CO 80205 | $713,000 | 1,507 | 2 | 3 | $47311.5% | 11/22/2024 |
| 1200 Acoma Street #502, Denver, CO 80204 | $890,000 | 1,847 | 2 | 3 | $4829.8% | 9/9/2024 |
| 2436 N Washington Street, Denver, CO 80205 | $724,900 | 1,638 | 2 | 3 | $44317.2% | 9/11/2024 |
2325 N Gilpin Street, Denver, CO 80205
Price: $827,000
Sq.Ft: 1,722
Beds/Baths: 3/3
$/Sq.Ft:
$48010.1%
Sale Date: 11/8/2024
1512 Larimer Street #29, Denver, CO 80202
Price: $640,000
Sq.Ft: 1,763
Beds/Baths: 3/3
$/Sq.Ft:
$36332.1%
Sale Date: 10/19/2024
2001 Lincoln Street #1522, Denver, CO 80202
Price: $625,000
Sq.Ft: 1,467
Beds/Baths: 2/3
$/Sq.Ft:
$42620.3%
Sale Date: 12/11/2024
2680 Blake Street #6, Denver, CO 80205
Price: $713,000
Sq.Ft: 1,507
Beds/Baths: 2/3
$/Sq.Ft:
$47311.5%
Sale Date: 11/22/2024
1200 Acoma Street #502, Denver, CO 80204
Price: $890,000
Sq.Ft: 1,847
Beds/Baths: 2/3
$/Sq.Ft:
$4829.8%
Sale Date: 9/9/2024
2436 N Washington Street, Denver, CO 80205
Price: $724,900
Sq.Ft: 1,638
Beds/Baths: 2/3
$/Sq.Ft:
$44317.2%
Sale Date: 9/11/2024
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