Score
0Denver, CO
3407 W Arkansas Avenue
529K
5 beds
3 baths
2,128 sqft
5 bd • 3 ba • 2,128 sf
This analysis was generated on 1/29/2025. 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
$529,000
Price/Sq.Ft
$249
Year Built
2000
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Remodeled Interior: The property has been fully remodeled, including a spacious primary suite with a luxurious 5-piece ensuite, a bright and open kitchen, and an expansive living room. These upgrades provide a move-in-ready experience, reducing the need for immediate renovations.
• Income Potential: The property includes a fully updated mother-in-law suite with a full kitchen, studio space, and bathroom, previously rented for $1,200/month. This offers immediate rental income potential, which can help offset mortgage costs. This suite can be used for long-term rental, Airbnb, or as a guest suite.
• Private Location: Situated on a rare flag lot, the property offers unmatched privacy and serenity. The absence of street noise and foot traffic creates a peaceful retreat, which is a significant benefit in a busy city. The large backyard further enhances the private setting.
• Central Location: The property is centrally located with easy access to Ruby Hill Park (5-minute drive), Platte Park (10-minute drive), and Wash Park (12-minute drive). This proximity to parks and recreational areas is a major draw for Denver residents. The easy access to Federal Blvd and 6th Ave makes commuting and mountain getaways convenient.
• Recent Upgrades: The property has undergone several recent upgrades, including a roof replacement in 2022, new windows (in 2020, with an uncertain date), and a newer furnace. These improvements reduce the likelihood of immediate maintenance issues and enhance the property's overall value.
The Bad
• High Days on Market: The property has been on the market for 1722 days, significantly longer than the Denver average (typically under 60 days). This suggests potential issues with pricing, condition, or marketability. Such an extended period can lead to questions about the property's desirability.
• Manufactured Home Status: As a manufactured home, it may face challenges in financing and long-term appreciation compared to site-built homes. Some lenders may have stricter requirements, and the property may not appreciate at the same rate as comparable properties. The stigma of a manufactured home may also deter some buyers.
• School Ratings: The property is served by schools with below-average ratings. Charles M. Schenck (Cms) Community School has a rating of 6/10, Kepner Beacon Middle School has a 4/10, and Abraham Lincoln High School has a 2/10. This is a significant issue for families with school-aged children.
• Unknown Window Replacement Date: The listing mentions windows were replaced in 2020, but the actual date is uncertain. This lack of clarity may raise concerns about the quality and warranty of the replacement windows.
• Unclear Furnace Upgrade Date: The listing notes a newer furnace, but there is no specific information about the installation date or efficiency rating. This lack of detail makes it difficult to assess the value of this upgrade.
The Ugly
• High Price for a Manufactured Home: At $529,000, the price is high for a manufactured home, especially given its age (2000). The price per square foot is $248.59, which may not align with market values for similar manufactured homes in Denver. This could lead to slower appreciation and difficulty in resale.
• Limited Land Value: The property is located on a flag lot, which, while providing privacy, may not be as desirable as a traditional rectangular lot. The land value may be limited due to the lot's configuration, which can affect the overall investment potential.
• Uncertainty of Rental Income: While the mother-in-law suite was previously rented for $1,200/month, there's no guarantee that it will consistently generate that level of income. Vacancy rates and changes in rental market conditions can impact the actual income generated from this space.
• Historical Price Fluctuations: The property has experienced significant price fluctuations in the past. It sold for $129,000 in 2017, $380,000 in 2020, and is now listed at $529,000. This volatility suggests the property's value may be unstable, and future market conditions could lead to a decline in price.
• High Estimated Insurance Cost: The estimated annual insurance cost is $1,904.40, which is higher than the average for the Denver area. This is likely due to the age of the home, the fact that it is a manufactured home, and the general climate risks in the area. This high insurance cost adds to the overall cost of ownership.
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
• Multi-Generational Home Buyers: The property’s 5 bedrooms, 3 bathrooms, and a separate mother-in-law suite with a full kitchen and bathroom accommodate larger or multi-generational families. The layout provides a degree of separation that is not common in similarly sized properties.
• Rental Property Investors: The property has a history of generating $1,200/month in rental income from the mother-in-law suite. The additional rental income can support mortgage payments and offer a solid return on investment. The property is also suitable for Airbnb with its convenient location.
• Buyers Prioritizing Privacy and a Quiet Location: The flag lot location provides privacy, minimal street noise, and no foot traffic. This appeals to buyers who want a secluded living environment in a city setting. The mature trees and backyard add to the peaceful atmosphere.
• Buyers Seeking Fully Remodeled Homes: The property has been fully remodeled with recent upgrades such as new windows (2020), a newer furnace, and a roof replaced in 2022. The remodeled kitchen, bathrooms, and living areas offer a move-in-ready experience.
Not For
• Buyers Seeking Low-Maintenance Properties: The property's large lot and multiple structures (including two sheds and a gazebo) may require significant upkeep. Additionally, the flag lot configuration could present challenges for lawn care and maintenance.
• Buyers Prioritizing Top-Rated Schools: The property is served by schools with ratings of 6/10, 4/10, and 2/10. Buyers who prioritize top-rated schools may find this location less desirable. The low ratings of Kepner Beacon Middle School (4/10) and Abraham Lincoln High School (2/10) are significant concerns.
• Buyers Needing a Traditional Single-Family Home: As a manufactured home, this property may not appeal to buyers who prefer a traditional stick-built home. There may be some financing limitations, and the property may depreciate at a faster rate than a traditional home.
• Buyers Concerned About Air Quality: The property is located in an area with a major air quality risk (5/10), with an average of 7 bad air days per year. Buyers sensitive to air quality issues may want to consider other options.
Demographics
Area Median Income
$56,441
Property History
Price History
Ownership Timeline
$0Financed
Jul 26, 2021Levi Rossi, Brogan RossiLevi Rossi, Brogan Rossi
Intrafamily Transfer
Non-Arm's Length Transactions
$380,000Financed
Jul 13, 2020Luis Noe Varela SaenzLevi Rossi, Brogan Rossi
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 26, 2020Pedro Pablo Nunez Cervantes, Luis Noe Varela SaenzLuls Noe Varela Saenz
Re-Recorded Document
Non-Arm's Length Transactions
$0Cash Purchase
Feb 13, 2020Luis Noe Varela SaenzPedro Pablo Nunez Cervantes
Quit Claim Deed
Non-Arm's Length Transactions
$129,000Financed
Oct 18, 2017Daniel LopezLuis Noe Varela Saenz
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Nov 22, 2013Pedro Pablo Nunez CervantesDaniel Lopez
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Feb 11, 2013Daniel LopexPedro Pablo Nunez Cervantes
Quit Claim Deed
Non-Arm's Length Transactions
$115,000Financed
Jul 30, 2008Novastar Mortgage IncDaniel Lopez
Special Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 7, 2008Carmen VenzorNovastar Mortgage Inc
Trustees Deed
Foreclosure
$0Financed
Nov 7, 2006Carmen Venzor, Arturo OgazCarmen Venzor
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$2,437
2024 Tax Assessment
6.7%from previous year
Assessed Value$31,450
Tax Rate7.75%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Middle
4.0/10
AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,390
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$529,000
Price/sqft
$249
Layout
5 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$583,417
9.3%
Your price is 9.3% below average
Median Price
$585,000
9.6%
Based on 6 recent sales
Price per Sq.Ft
$274
9.3%
Your price is 9.3% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2002 S Paseo Way, Denver, CO 80219 | $545,000 | 2,071 | 4 | 3 | $2635.9% | 8/31/2024 |
| 4589 Morrison Road, Denver, CO 80219 | $550,000 | 2,030 | N/A | N/A | $2719.0% | 12/12/2024 |
| 1618 S King Street, Denver, CO 80219 | $409,000 | 2,025 | 4 | 2 | $20218.8% | 11/27/2024 |
| 580 S Alcott Street, Denver, CO 80219 | $799,500 | 2,200 | 4 | 2 | $36346.2% | 11/15/2024 |
| 1890 S Wolcott Court, Denver, CO 80219 | $612,000 | 2,164 | 5 | 2 | $28313.8% | 10/2/2024 |
| 2027 S Vrain Street, Denver, CO 80219 | $585,000 | 2,232 | 4 | 2 | $2625.4% | 10/3/2024 |
2002 S Paseo Way, Denver, CO 80219
Price: $545,000
Sq.Ft: 2,071
Beds/Baths: 4/3
$/Sq.Ft:
$2635.9%
Sale Date: 8/31/2024
4589 Morrison Road, Denver, CO 80219
Price: $550,000
Sq.Ft: 2,030
Beds/Baths: N/A/N/A
$/Sq.Ft:
$2719.0%
Sale Date: 12/12/2024
1618 S King Street, Denver, CO 80219
Price: $409,000
Sq.Ft: 2,025
Beds/Baths: 4/2
$/Sq.Ft:
$20218.8%
Sale Date: 11/27/2024
580 S Alcott Street, Denver, CO 80219
Price: $799,500
Sq.Ft: 2,200
Beds/Baths: 4/2
$/Sq.Ft:
$36346.2%
Sale Date: 11/15/2024
1890 S Wolcott Court, Denver, CO 80219
Price: $612,000
Sq.Ft: 2,164
Beds/Baths: 5/2
$/Sq.Ft:
$28313.8%
Sale Date: 10/2/2024
2027 S Vrain Street, Denver, CO 80219
Price: $585,000
Sq.Ft: 2,232
Beds/Baths: 4/2
$/Sq.Ft:
$2625.4%
Sale Date: 10/3/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results