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619 E 9th Street
Score
0
Leadville, CO

619 E 9th Street

520K
2 bd • 2 ba • 840 sf

This analysis was generated on 2/5/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$519,900

Price/Sq.Ft

$619

Year Built

2019

AI Property Analysis

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

The Good

• Modern Construction: Built in 2019, this home offers modern amenities and construction standards, potentially reducing maintenance costs compared to older properties in Leadville. Newer construction often incorporates energy-efficient features, leading to lower utility bills. • Expansion Potential: The property includes nearly three city lots, providing ample space for adding a detached garage and/or an Accessory Dwelling Unit (ADU). This offers significant potential for increasing property value and generating rental income. • Panoramic Views: The property boasts sweeping panoramic views of the Rockies and downtown Leadville, a highly desirable feature that adds to the property's appeal and market value. Mountain views are a significant draw for buyers in this area. • Energy Efficiency: Designed with energy efficiency in mind, the home likely incorporates features such as good insulation, energy-efficient windows, and a modern heating system. This translates to lower utility bills and a smaller environmental footprint.

The Bad

• High Price per Square Foot: At $618.93 per square foot, this property is significantly more expensive than the average for single-family homes in Colorado. While new construction and location contribute to the price, potential buyers need to carefully consider if the value aligns with their budget and investment goals. This high cost could also impact future resale value. • Small Living Space: With only 840 square feet, this 2-bedroom, 2-bathroom home is relatively small. This could be a drawback for buyers needing more space for living, working, or entertaining. The limited square footage might also restrict furniture choices and storage options. • Low School Ratings: The local schools have relatively low ratings (null/10, 3/10, and 4/10), which may be a concern for families with children. This could impact the property's appeal to a significant segment of the market and potentially affect resale value. • Reliance on Radiant Heating: While radiant heating is energy-efficient, it can be slower to heat up a space compared to forced air systems. This might be a consideration for buyers accustomed to faster heating methods. It is also important to ensure the radiant heating system is well-maintained to prevent costly repairs.

The Ugly

• Undefined Median Income: The lack of median income data makes it difficult to assess the affordability of the property for local residents. This also hinders the ability to compare the property's price to the average income level in Leadville. • Low School Ratings: The low ratings of the local schools (null/10, 3/10, and 4/10) are a significant concern, potentially deterring families with children and impacting the property's long-term resale value. Addressing this issue would require improvements to the local school system, which is beyond the control of individual homeowners. • High Altitude: Leadville's high altitude (10,152 ft) can pose significant health challenges, especially for those not acclimated. Altitude sickness can be a serious issue, and pre-existing health conditions can be exacerbated. This factor limits the pool of potential buyers and requires careful consideration. • Previous Rental Listing with Price Changes: The property was previously listed for rent at $3,400, with subsequent price decreases. This could indicate challenges in finding a suitable tenant or overpricing. Potential buyers should investigate the reasons for the rental listing and price adjustments.

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

• Buyers Seeking Modern, Energy-Efficient Mountain Living: The property's 2019 construction, coupled with energy-efficient design, appeals to those prioritizing modern amenities and reduced utility costs in a mountain setting. • Individuals Desiring Expansion Potential: With nearly three city lots, the property offers significant space for adding a detached garage and/or an Accessory Dwelling Unit (ADU), catering to buyers planning for future growth or rental income opportunities. This is especially attractive given Leadville's limited housing inventory. • Buyers Prioritizing Views and Outdoor Space: The property's location on the east side of Leadville provides sweeping panoramic views of the Rockies and downtown, coupled with a large, fenced yard ideal for outdoor activities and relaxation. This appeals to those seeking a strong connection with the natural environment. • Buyers Comfortable with High-Altitude Living: Individuals who have already acclimated to Leadville's altitude (10,152 ft) or are aware of the challenges and benefits, and are prepared for the lifestyle adjustments required for living at such elevation.

Not For

• Buyers Requiring Significant Square Footage: At 840 square feet, the home may be too small for buyers needing more living space, especially larger families or those who prefer a more spacious layout. • Buyers Seeking Top-Rated Schools: The local schools have relatively low ratings (null/10, 3/10, and 4/10), which may deter buyers prioritizing high-quality public education. • Buyers Unprepared for High-Altitude Challenges: Leadville's altitude (10,152 ft) can pose health challenges and requires lifestyle adjustments. This property is not suitable for those unwilling or unable to adapt to these conditions. • Buyers on a Strict Budget: The price per square foot ($618.93) is high compared to some other areas, and the estimated insurance costs are also significant. This property may not be affordable for buyers with limited financial resources.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline
$0Cash Purchase
Nov 9, 2020
Diane L Sipe Ret, Erica M CanzlerErica M Canzler
Deed
Non-Arm's Length Transactions

Property Taxes

$2,530
2024 Tax Assessment
0.0%from previous year
Assessed Value$33,559
Tax Rate7.54%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

4.0/10
Average

Financials

Monthly Costs
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$519,900
Price/sqft
$619
Layout
2 bd2 ba
Days on market
4 daysat time of analysis

Stats in the Area

Based on 5 comparable properties nearby

Average Price

$338,800

53.5%

Your price is 53.5% above average

Median Price

$327,500

58.7%

Based on 5 recent sales

Price per Sq.Ft

$374

65.5%

Your price is 65.5% above average $/sqft

Comparable Properties

921 Mt Massive Drive #11, Leadville, CO 80461
Price: $327,500
Sq.Ft: 896
Beds/Baths: 2/2
$/Sq.Ft:
$36640.9%
Sale Date: 9/23/2024
921 Mt Massive Drive #7, Leadville, CO 80461
Price: $404,500
Sq.Ft: 912
Beds/Baths: 2/2
$/Sq.Ft:
$44428.3%
Sale Date: 8/20/2024
421 E 2nd Street, Leadville, CO 80461
Price: $155,000
Sq.Ft: 828
Beds/Baths: 2/1
$/Sq.Ft:
$18769.8%
Sale Date: 10/3/2024
921 Mt Massive Drive #26, Leadville, CO 80461
Price: $320,500
Sq.Ft: 896
Beds/Baths: 2/1
$/Sq.Ft:
$35842.2%
Sale Date: 8/20/2024
317 Mount Sherman Drive, Leadville, CO 80461
Price: $486,500
Sq.Ft: 945
Beds/Baths: 3/1
$/Sq.Ft:
$51516.8%
Sale Date: 8/18/2024

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