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Arvada 80002
5320 Otis Street
$575,000
● House - Off Market

5320 Otis Street

Arvada, CO 80002
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$555,223
RealtyHop Estimate
-2.42%
Since Jul 1, 2023
CO-Denver
Primary Model

About This Property

Come check out this beautiful well maintained home within walking distance to Old Town Arvada , public transportation, restaurants, and shopping. This updated all brick home absolutely shines with 3 bedrooms 2 baths, separate dining area, formal living room,  and rec room.   There is hardwood flooring throughout, Central Air, a 2-car detached garage and only steps away from the neighborhood park. Run don't walk this home wont last long!!
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$400
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (REcolorado MLS #RECIR988082)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
May 18, 2023 Listed by Coldwell Banker Plains-Windsor $569,000
Listed by Coldwell Banker Plains-Windsor
Sep 17, 2014 Sold
Premium
Sold
Oct 12, 2009 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 1
  • Basement Area: 441
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,968
  • Total Building Area: 1,421
  • Gross Building Area: 1,493
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBINE ACRES 2ND FLG
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • State Land Use Code: 1112
  • Legal Description 1: SECTION 13 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 147200 SUBDIVISIONNAME COLUMBINE ACRES 2ND FLG BLOCK LOT 0012 SIZE: 1060 TRACT 00B VALUE: .024 SECTION 13 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 147200 SUBDIVISIONNAME COLUMBINE ACRES 2ND FLG BL

Neighborhood

  • School District Name: Jefferson County School District R-1
  • Census Tract: 010406

Geography

  • Account Number: 300005531
  • Subdivision Tract Number: B
  • Parcel: 39-132-16-006
  • Lot: 12,13
  • Meridian: SEC 13 TWN 03S RNG 69W
  • Municipality: ARVADA
  • Latitude: 39.7929
  • Longitude: -105.071

    Address

  • Full Address: 5320 Otis St
  • Address - House Number: 5320
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: CO
  • City Name: Arvada
  • Carrier Code: C014
  • 4-Digit Zip Code: 3941
  • Zip Code: 80002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,066
  • Tax Rate Code Area: 1006

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 77
  • Final Value: 589,579
  • High Value: 692,355
  • Low Value: 486,803

    Market Valuation

  • Market Total Value: $505,954
  • Market Land Value: $192,657
  • Market Improvement Value: $313,297

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,214
  • Assessed Land Value: $12,908
  • Assessed Improvements Value: $17,306

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40700
  • Previous Sale Recording Date: Sep 17, 2014
  • Previous Sale Contract Date: Sep 15, 2014
  • Previous Sale Amount: $249,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Arvada

Stats & Trends

Median Asking:

$640,000

Sale Price/ft²

$304

Below Asking

0.02%

Average Days on Market

45

Average Home Size

2166 ft²

Average Home Age

33.8 years

Currently For Sale

774 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 5320 Otis Street built and last sold?
The property at 5320 Otis Street was built in 1957 and last sold on Jun 30, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 5320 Otis Street is $570,075.
What are some comparable homes to 5320 Otis Street?
There are currently no comparable homes to 5320 Otis Street.
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