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5500 East Colfax Avenue

5500 East Colfax Avenue, Denver, CO 80220
Property in Hale
Sold Jun 27, 2022
$1,820,000
Sold Sep 29, 2006
$760,000
$410,000 by Commerce Bank
Mortgage
5500 East Colfax Avenue in Denver, CO was first built in 1956 and is 68 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are 2 partial bathrooms. The basement is 1,472 sqft and has been categorized as a unknown. The linear feet across the front of the lot is 8,150 ft and the linear feet between the front and back of the lot is 7,100. In total, the area measurement of the land is 12,500 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. For those who need parking, there is a attached garage. The garage is 1,472 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5500 East Colfax Avenue was last sold in Jun 24, 2022 for $1,820,000. According to our calculations, that's $1,236.41 per sqft. Prior to that sales transaction, the property was sold for $760,000 in Jul 17, 2006. Current property owners are expected to pay $13,169 in taxes per year. The property on 5500 East Colfax Avenue was last assessed in 2021. As a result of that assessment, the total value of the property was placed at $176,490. To break that down further, the land itself was valued at $105,350. While improvements to the property were assessed at a total of $71,140. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Living Units: 25
  • Basement Area: 1,472
  • Garage Type: Attached
  • Garage Square Area: 1,472
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 7,100
  • Lot Size Frontage Feet: 8,150
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Residential
  • Subdivision: BELLEVUE
  • Land Acres: 0.287
  • Standard Land Use Code: Misc Residential improvement
  • Legal Description 1: N 100FT OF PLOT 89 BLK 12 BELLEVUE

Ownership

  • Current Owner : LA VISTA DENVER LLC
  • Previous Owner : SEBASTIAN KIM
  • Owner Before Previous Owner: SHIRLEY CHARLES
  • Owner Before Previous Owner 2: SHIRLEY CHO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Denver County School District 1
  • Census Tract: 004302

Zoning

  • Zoning: U-MS

Geography

  • Parcel: 06061-01-001-000
  • Block: 12
  • Lot: 89
  • Municipality: COLFAX MAYFAIR BUSINESS IMPROV
  • Latitude: 39.7399
  • Longitude: -104.923

    Address

  • Full Address: 5500 E Colfax Ave
  • Address - House Number: 5500
  • Street Direction: E
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Denver
  • Carrier Code: C035
  • 4-Digit Zip Code: 1412
  • Zip Code: 80220

Valuation

    Tax

  • Total Area: 8,157
  • Tax Year: 2021
  • Tax Amount: $13,169
  • Tax Rate Code Area: 470A

    Market Valuation

  • Market Total Value: $942,300
  • Market Land Value: $562,500
  • Market Improvement Value: $379,800

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $176,490
  • Assessed Land Value: $105,350
  • Assessed Improvements Value: $71,140

    Sales

  • Current Sale Contract Date: Jun 24, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Transaction ID: 11891128553
  • Current Sale Price: $1,820,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 84901
  • Previous Sale Recording Date: Sep 29, 2006
  • Previous Sale Contract Date: Jul 17, 2006
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDFIRST BANK
  • First Mortgage Transaction Date: Jun 27, 2022
  • First Mortgage Loan Amount: $1,183,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 23, 2023

    Previous Mortgages

  • Previous Mortgage Lender: COMMERCE BANK
  • Previous Mortgage Transaction Date: Sep 29, 2006
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $410,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Southeast Denver



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Frequently Asked Questions

What neighborhood is 5500 East Colfax Avenue located in?
The 5500 East Colfax Avenue is a located in the neighborhood of Hale in Southeast Denver, Denver.
What is the average sales price for listings in 5500 East Colfax Avenue?
The average sales price for units in 5500 East Colfax Avenue is $0 currently.

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