Score
0Denver, CO
2650 Colorado Blvd
593K
5 beds
2 baths
2,350 sqft
5 bd • 2 ba • 2,350 sf
This analysis was generated 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 Given the lack of information on recent upgrades or the year built, there may be hidden maintenance issues or outdated systems that could require significant investment in the near future.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
Property History
Price History
Ownership Timeline
$371,000Financed
Jul 31, 2019Gerlene I Miller, Sheldon R MillerAlex Bernhardt
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
May 5, 2017Gerlene Isabelle Miller, Sheldon Ridel MillerGarlene I Miller, Sheldon R Miller
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 4, 2011Edward John Miller Jr, Gerlene Isabelle MillerEdward John Miller Jr, Gerlene Isabelle Miller
Intrafamily Transfer
Non-Arm's Length Transactions
$104,900Financed
Nov 21, 1997Jaberi Jahan & Lisa MLeah R Miller
Warranty Deed
Standard Sale (Purchase/Resales)
$70,000Financed
Mar 8, 1996Josephine C PiperJahan Jaberi, Lisa M Jaberi
Joint Tenancy Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,390
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$592,800
Price/sqft
$252
Layout
5 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$808,875
26.7%
Your price is 26.7% below average
Median Price
$850,000
30.3%
Based on 6 recent sales
Price per Sq.Ft
$352
28.3%
Your price is 28.3% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 3036 Elm Street, Denver, CO 80207 | $750,000 | 2,300 | 5 | 2 | $32629.3% | 10/25/2024 |
| 2657 N Josephine Street, Denver, CO 80205 | $810,000 | 2,492 | 4 | 2 | $32528.9% | 10/12/2024 |
| 3321 Birch Street, Denver, CO 80207 | $612,000 | 2,332 | 4 | 2 | $2624.0% | 9/12/2024 |
| 1561 Monroe Street, Denver, CO 80206 | $850,000 | 2,334 | 4 | 2 | $36444.4% | 8/29/2024 |
| 1637 Jackson Street, Denver, CO 80206 | $906,250 | 2,176 | 4 | 2 | $41665.1% | 9/11/2024 |
| 2580 Cherry Street, Denver, CO 80207 | $925,000 | 2,222 | 5 | 2 | $41665.0% | 8/29/2024 |
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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