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2650 Colorado Blvd
Denver, CO

2650 Colorado Blvd

$592,800
5 bd • 2 ba • 2,350 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$592,800

Price/Sq.Ft

$252

Year Built

AI Property Analysis

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

The Good

This property at 2650 Colorado Blvd offers exceptional value with its spacious 2,350 sqft layout, priced at $252.26/sqft, which is approximately 15% below the Denver average of $296/sqft for similar homes. The 5-bedroom, 2-bathroom configuration provides ample space for large families or potential rental opportunities. The home's location on Colorado Blvd, a major thoroughfare, ensures excellent accessibility. A standout feature is the solar panel installation, which can lead to significant energy cost savings (typically 20-30% reduction in electricity bills). The property's size is 22% larger than the average Denver home (1,922 sqft), offering great value for the price point. Based on current rental rates, a 4-bedroom home in Denver rents for $2,750/month, suggesting a potential gross rental yield of 5.6% if fully rented out.

The Bad

The property's curb appeal is somewhat lacking, with a front yard that appears to need landscaping attention. This could potentially impact first impressions and overall property value. The brick exterior, while durable, may require repointing or cleaning to improve aesthetics. The driveway appears to be gravel or unpaved, which might be less desirable compared to concrete or asphalt driveways common in the area. Given the lack of information on recent upgrades or the year built, there may be hidden maintenance issues or outdated systems that could require significant investment in the near future. The bathroom-to-bedroom ratio (2 bathrooms for 5 bedrooms) is below the ideal 1:1 ratio, which might be inconvenient for larger households or impact rental potential.

The Ugly

Without specific information on the year built or recent renovations, there's a risk of major system failures or necessary upgrades. If the home is older (pre-1980s), it may contain hazardous materials like asbestos or lead paint, requiring costly remediation (potentially $20,000-$30,000). The lack of mentioned HVAC systems raises concerns about heating and cooling efficiency in Denver's climate extremes. Upgrading to a modern HVAC system could cost $10,000-$15,000. The property's location on a busy boulevard may result in higher noise levels and reduced privacy, potentially impacting quality of life and future resale value. Colorado's high altitude and dry climate can accelerate wear on exteriors; if maintenance has been deferred, significant costs for exterior repairs might be necessary.

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 buyers with household incomes around $150,000-$180,000, based on a 28% front-end DTI ratio for a $592,800 home. It's ideal for large families needing extra space or investors looking to convert the property into a multi-unit rental. The solar panels make it attractive for environmentally conscious buyers seeking lower utility costs. Given its size and potential for improvement, it could appeal to buyers willing to invest in upgrades for long-term appreciation. The location on Colorado Blvd makes it suitable for those prioritizing accessibility and potentially running a home-based business that benefits from visibility.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to potential hidden costs and necessary upgrades. It's not ideal for buyers seeking a move-in ready, low-maintenance home, as landscaping and possible interior updates are needed. The busy street location makes it less appropriate for families with young children or those prioritizing a quiet, secluded environment. Given the potential for high utility costs (if solar doesn't cover all needs) and maintenance, it's not suitable for buyers on fixed incomes or those unable to handle unexpected expenses.
Demographics
Area Median Income

$92,042

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Risk Assessment

Risk Analysis

Major risks include potential outdated electrical, plumbing, or HVAC systems, which could require costly upgrades ($20,000-$30,000 range). The property's location on a major boulevard increases exposure to traffic noise and pollution, potentially affecting long-term health and quality of life. Denver's climate presents risks of hail damage to the roof and exterior; a new roof could cost $15,000-$20,000. The lack of mentioned insulation or energy-efficient features (besides solar panels) could result in high heating/cooling costs. There's also a risk of foundation issues common in Colorado due to expansive soils, with repair costs potentially exceeding $10,000. The current drought conditions in Colorado may lead to landscaping challenges and potential water usage restrictions.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$808,875

36.4% above list price

Median Price

$850,000

Based on 6 recent sales

Price per Sq.Ft

$352

Comparable Properties

3036 Elm Street, Denver, CO 80207
Price: $750,000
Sq.Ft: 2,300
Beds/Baths: 5/2
$/Sq.Ft:
$32629.3%
Sale Date: 10/25/2024
2657 N Josephine Street, Denver, CO 80205
Price: $810,000
Sq.Ft: 2,492
Beds/Baths: 4/2
$/Sq.Ft:
$32528.9%
Sale Date: 10/12/2024
3321 Birch Street, Denver, CO 80207
Price: $612,000
Sq.Ft: 2,332
Beds/Baths: 4/2
$/Sq.Ft:
$2624.0%
Sale Date: 9/12/2024
1561 Monroe Street, Denver, CO 80206
Price: $850,000
Sq.Ft: 2,334
Beds/Baths: 4/2
$/Sq.Ft:
$36444.4%
Sale Date: 8/29/2024
1637 Jackson Street, Denver, CO 80206
Price: $906,250
Sq.Ft: 2,176
Beds/Baths: 4/2
$/Sq.Ft:
$41665.1%
Sale Date: 9/11/2024
2580 Cherry Street, Denver, CO 80207
Price: $925,000
Sq.Ft: 2,222
Beds/Baths: 5/2
$/Sq.Ft:
$41665.0%
Sale Date: 8/29/2024

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