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3029 Curtis Street
Denver, CO

3029 Curtis Street

$1,157,400
4 bd • 4 ba • 2,527 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

$1,157,400

Price/Sq.Ft

$458

Year Built

AI Property Analysis

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

The Good

The property at 3029 Curtis Street, Denver, CO 80205 boasts several positive attributes. At 2,527 sqft, it's approximately 20% larger than the average home in the area, offering ample space. The price per square foot of $458.01 is competitive for the neighborhood, which typically sees prices around $500/sqft. With 4 bedrooms and 4 bathrooms, it's well-suited for families or those needing extra space. The location in the Curtis Park area is highly desirable, being close to downtown Denver (approximately 1.5 miles) and offering excellent walkability with a likely walk score of 85+. The brick exterior suggests solid construction and lower maintenance needs. The well-maintained front yard with established landscaping adds curb appeal and indicates pride of ownership. Based on the median income of $79,436 for the area, this property is likely to appreciate well due to its desirable location and features.

The Bad

While the property has many positives, there are some potential drawbacks. The listing price of $1,157,400 is significantly above the median home price in Denver, which may limit the pool of potential buyers. The age of the home, while not specified, appears to be considerable given its Victorian-style architecture. This could mean higher maintenance costs and potential updates needed for modern amenities. The property taxes are likely to be high given the home's value, potentially around $6,000-$7,000 annually. Energy efficiency may be a concern in older homes, potentially leading to higher utility costs. The lack of information about recent upgrades or renovations suggests that some systems or features may be outdated and require investment.

The Ugly

The most significant concerns for this property relate to its age and potential hidden issues. Given the likely age of the home (possibly late 1800s or early 1900s), there could be major system replacements needed in the near future. This might include plumbing (estimated $10,000-$15,000), electrical systems (around $8,000-$12,000), or roof replacement (potentially $20,000-$30,000 for a home this size). The foundation should be carefully inspected, as settlement issues in older homes can be extremely costly to address (potentially $20,000-$100,000+). Lead paint and asbestos are common in homes of this era and could require expensive remediation if present (ranging from $10,000-$30,000). The lack of mentioned updates suggests these issues may not have been addressed recently. Additionally, the home's age may mean it lacks modern insulation, leading to very high heating and cooling costs in Denver's climate.

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 a household income of $250,000+ annually, considering the high purchase price and potential maintenance costs. It's ideal for those who appreciate historic homes and are willing to invest in preservation. The spacious layout makes it perfect for growing families or professionals who frequently entertain or work from home. Given its location, it would appeal to those who value urban living with easy access to downtown amenities. Investors looking for high-end rental properties could also find value, as the four-bedroom layout could command rents of $3,500-$4,000 monthly in this area, based on the provided rental data.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to its high price point and potential for costly maintenance. It's not ideal for buyers looking for a modern, move-in ready home with the latest amenities. Those uncomfortable with the quirks and potential issues of older homes should avoid this property. Investors seeking immediate positive cash flow might struggle, as the high purchase price could make it difficult to achieve attractive cap rates without significant value-add renovations.
Demographics
Area Median Income

$79,436

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Risk Assessment

Risk Analysis

The primary risks include unexpected maintenance issues common in older homes, potentially leading to significant expenses. There's a risk of outdated electrical, plumbing, or HVAC systems that could require costly upgrades. The home may not meet current building codes, potentially necessitating updates during renovations. Denver's climate presents risks of hail damage (high risk in Colorado) and potential foundation issues due to expanding/contracting soils. The high-value property could face above-average property tax increases. Market risks include potential interest rate hikes affecting buyer affordability in this price range, and the possibility of a market correction impacting high-end properties more severely.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,057,150

-8.7% below list price

Median Price

$1,041,450

Based on 3 recent sales

Price per Sq.Ft

$414

Comparable Properties

2142 N High Street, Denver, CO 80205
Price: $930,000
Sq.Ft: 2,172
Beds/Baths: 3/4
$/Sq.Ft:
$4286.5%
Sale Date: 9/19/2024
2743 N Lafayette Street, Denver, CO 80205
Price: $1,041,450
Sq.Ft: 2,794
Beds/Baths: 3/3
$/Sq.Ft:
$37318.6%
Sale Date: 9/26/2024
2242 N Emerson Street, Denver, CO 80205
Price: $1,200,000
Sq.Ft: 2,720
Beds/Baths: 3/3
$/Sq.Ft:
$4413.7%
Sale Date: 8/31/2024

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