$950,000
$855,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
525 Pearl ST Denver, CO 80203
3 Beds
2 Baths
2,190 SqFt
Key Details
Sold Price $950,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,190 sqft
Price per Sqft $433
Subdivision Alamo Placita
MLS Listing ID 6072486
Sold Date 06/08/22
Style Bungalow, Cottage, Traditional
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board recolorado
Year Built 1927
Annual Tax Amount $4,079
Tax Year 2021
Lot Size 4,356 Sqft
Acres 0.1
Property Description
This 1927 Alamo Placita gem has the charm of a Denver bungalow but updated with big bedrooms with huge closets. The main level has two bedrooms, living and dining area with gorgeous built-ins around the fireplace, kitchen (with an original sitting nook!), and a flex space that has been used as an office. Downstairs is finished with a huge living area, bedroom, kitchenette, and a large bathroom with a soaking tub. Both levels have working and updated gas fireplaces, forced heat, and central AC to keep up with Denver’s weather changes. The house has smart features powered by a high-speed fiber optic internet connection, Google Nest cameras, and Orbi WiFi mesh network - all of which can stay in the home. The large backyard has low-maintenance flagstone, with an automated sprinkler system for plants, a giant shady tree, picnic table, and an additional seating area. Fantastic to have this much private outdoor space so close to downtown! The RH-2.5 zoning will also allow an ADU to be built on this property! There is a two car garage with tons of storage, as well as additional parking for two more cars off-street so guests will always have a place to park when they visit, and visit they will! The home is in a gorgeous neighborhood located within walking distance of Trader Joe's, Safeway, Angelo's, Pablo's Coffee, Don’s, Carboy Winery, The Logan, Uno Mas, The Odyssey, Table 6, the Cherry Creek Trail, and much more! The owners of the property hosted a very successful Airbnb in the lower level that brought in over $30K a year paying the mortgage while they lived on the main floor! You can see the listing here: https://tinyurl.com/525Pearl. Whole home has recently been rented for $3500 per month, giving you over a 4% cap rate should you want to buy the home as an investment property.
Location
State CO
County Denver
Zoning U-RH-3A
Rooms
Basement Finished, Full
Main Level Bedrooms 2
Interior
Interior Features Breakfast Nook, Ceiling Fan(s), High Speed Internet, Radon Mitigation System, Smart Ceiling Fan, Smart Thermostat, Smoke Free
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Vinyl, Wood
Fireplaces Number 2
Fireplaces Type Basement, Gas, Insert, Living Room, Recreation Room
Fireplace Y
Appliance Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Humidifier, Microwave, Oven, Refrigerator, Washer, Water Purifier
Laundry In Unit
Exterior
Exterior Feature Private Yard, Rain Gutters
Garage Concrete, Driveway-Gravel, Smart Garage Door, Storage
Garage Spaces 2.0
Fence Full
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected
Roof Type Architecural Shingle
Parking Type Concrete, Driveway-Gravel, Smart Garage Door, Storage
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block, Brick, Concrete, Other
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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