Metro Denver Luxury Homes For Sale

Property Description

UNIQUE BUILDING OPPORTUNITY! 18,000 SF lot for sale- You rarely see a lot this size for sale in Denver anymore. It fits all zoning requirements to be split into two 9,000 SF lots- Still extra large compared to the 6250 SF & 7500 SF lots most common in Observatory Park. POSSIBILITIES: You could knock down the house & finalize the lot split & sell both lots for the neighborhood market value ($1,250,000-$1,350,000) 2) Split the lot into two 9,000 SF lots, build for yourself on one side & sell the other. 3) Split the lot & build 2 new luxury spec homes on one of Denver’s prettiest streets for huge profit potential. 4) Do some updates & live in this charming 1952 home with 5 bedrooms & 4 baths. 5) or build 1 huge luxury home on this gorgeous oversized lot for yourself or a custom client. The new home sales in Observatory Park have an average sold price of $3.3M. This portion of Jackson Street is often described as a country lane in the city. The cottonwood tree-lined street has no cross streets & a permanent exemption from sidewalk requirements. There’s already a temporary 2nd address from the city; a survey showing all information the city needs to sub-divide; asbestos testing results & certificate showing all interior asbestos was removed. The lot has 2 curb cuts & 2 gates, a newer water line & a new circular driveway that can easily be modified to be reused for 2 new homes. There’s a privacy fence in the backyard & original stately wrought iron fencing around the front. A 2 year old home down the street recently sold for $3.245M on a slightly smaller lot. Observatory Park’s highest price sale is $5.396M. The median price per square foot for homes built since 2021 was $859 PSF above ground & $578 PSF total – sod in a median of 36 days. Observatory Park is a premier Denver neighborhood with 2 parks & a great location right between downtown Denver & the Denver Tech Center. This property is ready for redevelopment @ an amazing price!

Features
: Forced Air, Natural Gas, Wood, Wall Furnace
: Central Air, Attic Fan, Air Conditioning-Room
: Crawl Space
: Full
: Family Room, Wood Burning
: Carbon Monoxide Detector(s), Smoke Detector(s), Smart Cameras
: Covered, Front Porch, Patio
: 2
: Cooktop, Dishwasher, Disposal, Microwave, Gas Water Heater, Convection Oven, Double Oven
: Concrete, Oversized, Lighted, Storage, Circular Driveway, Exterior Access Door
: Composition, Membrane
: Public Sewer
Address Map
CO
Denver
Denver
80210
Jackson
2445
Street
W105° 3' 23.6''
N39° 40' 20''
S
Additional Information
: Frame, Vinyl Siding, Wood Siding
East
I-25, go south on Colorado BLVD. to Ill. turn west (right) on Iliff. our south (left) on Jackson St. The property is located midway between Iliff and Yale on the WEST side of the street.
: 220 Volts, 110V
University Park
: Private Yard, Rain Gutters, Garden
1
2
South
: Utility Sink, High Speed Internet, Entrance Foyer, Built-in Features, Tile Counters, Primary Suite, Walk-In Closet(s), Wired for Data, In-Law Floor Plan
Yes
Yes
Cash, Conventional
: Level, Near Public Transit, Sprinklers In Front, Landscaped, Many Trees, Sprinklers In Rear, Subdividable
Merrill
Madison & Company Properties
5254-37-030
: None
: House
Observatory Park
$6,968
2022
: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Electricity Connected, Natural Gas Connected, Phone Connected, Internet Access (Wired)
: Double Pane Windows, Window Treatments
S-SU-D
02/15/2024
2875
Active
1
Denver 1
Denver 1
Denver 1
04/24/2024
02/15/2024
Public
: Two

Observatory Park

2445 S Jackson Street, Denver, CO 80210

5 Bedrooms
4 Total Baths
2,875 Square Feet
$1,759,900
Listing ID #6426372
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 6426372
Price : $1,759,900
Bedrooms : 5
Rooms : 15
Total Baths : 4
Full Bathrooms : 2
3/4 Bathrooms : 1
1/2 Bathrooms : 1
Square Footage : 2,875 Square Feet
Year Built : 1952
Lot Area : 0.41 Acres
Lot Acres : 0.41
Property Sub Type : Single Family Residence
Status : Active
Originating System Name : REcolorado
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