5430 Carr St #E
About This Property
The development project, called The Origins at Olde Town, breaks the typical mold in how we approach new construction. Designed by Real Architecture of Denver, built by M & B builders and developed by Resolv homes, which are all local businesses. The project consists of two phases that will create 19 townhomes in total. The Origins will offer sophisticated urban living, just at the edge of the heart of downtown Olde Town Arvada, and minutes to Denver, and the Colorado Rocky Mountains.
Using state contracts, not a builders contract.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2023 | Sold | ||
| Sold | |||
| Jan 15, 2023 | Listed by Corcoran Perry & Co. | $775,000 | |
| Listed by Corcoran Perry & Co. | |||
| | |||
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BRAND NEW ROW HOMES in Olde Town Arvada. 4 bedroom 5 bathroom with walk-out basement townhomes located in the heart of Arvada. These new builds come standard with finishes similar to what most new home builders would charge almost $50,000 in upgrades. The kitchens are outfitted with a full appliance package, base models are KitchenAide. They also include a large pantry, huge kitchen islands with sinks, dove tail cabinets. An open floor plan with open iron railings on main floor to visually expand the living space and a sundry of windows inviting the Colorado sunshine in. The primary bedroom has a walk-in shower with built-in shampoo nooks and dual vanities. The homes are built with a bedroom and ensuite bathroom on the first floor for an in-law or separate office situation. The basement has the option to lock off, the bedroom will have stubs in place for a wet bar with outlets for small appliances and guests are able to use the separate entrance. Alternating balconies with Sliding glass doors lay within the exteriors of the homes, which are brick, stucco and siding to blend with the surrounding neighborhood. Two car attached garages. Each property will be semi custom with Buyers selections. Passive Radon systems are pre-installed. LOW HOA dues.
The development project, called The Origins at Olde Town, breaks the typical mold in how we approach new construction. Designed by Real Architecture of Denver, built by M & B builders and developed by Resolv homes, which are all local businesses. The project consists of two phases that will create 19 townhomes in total. The Origins will offer sophisticated urban living, just at the edge of the heart of downtown Olde Town Arvada, and minutes to Denver, and the Colorado Rocky Mountains.
Using state contracts, not a builders contract.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/23/2023
|
4 Bed
|
5 Bath
|
2365 ft²
|
$779,900
4 Bed
5 Bath
2365 ft²
|
$770,900
-1.15%
03/15/2024
|
Strawberry Melissa Windholz
Corcoran Perry & Co.
| |
|
01/15/2023
|
4 Bed
|
5 Bath
|
2274 ft²
|
$775,000
4 Bed
5 Bath
2274 ft²
|
$818,026
+5.55%
10/04/2023
|
Strawberry Melissa Windholz
Corcoran Perry & Co.
| |
|
11/19/2022
|
4 Bed
|
5 Bath
|
2209 ft²
|
$799,000
4 Bed
5 Bath
2209 ft²
|
$779,000
-2.50%
10/25/2023
|
Strawberry Melissa Windholz
Corcoran Perry & Co.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017