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Sold for $205,000
  • $205,000

    5225 Balsam Street #5, Arvada, CO 80002

    2beds
    762sqft
    Townhouse
    Built in 1962
    -- sqft lot
    $203,500 Zestimate®
    $269/sqft
    $1,471 Estimated rent

    Home value

    $203,500

    $191,000 - $216,000

    $1,471/mo

    Zestimate® history
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    What's special

    Stainless steel refrigeratorBlack dishwasherTwo generously sized bedroomsCozy eat-in areaConvenient understair storage
    **** This home is part of an AFFORDABLE HOMEOWNERSHIP PROGRAM through Elevation Community Land Trust (ECLT)***** $5,000 Seller Concession available for limited time! AFFORDABLE HOMEOWNERSHIP Through Elevation Community Land Trust (ECLT) Step into this charming 2-bedroom, 1-bathroom, 2-story condo offering an open floor plan filled with natural light. The spacious living room includes convenient understair storage, while the updated kitchen features an island, stainless steel refrigerator, black dishwasher, stove, microwave, and a cozy eat-in area—perfect for everyday living and entertaining. Upstairs, you’ll find two generously sized bedrooms and a full bathroom with modern finishes. Through the sliding glass door, enjoy your private fenced-in patio—ideal for relaxing outdoors. Additional amenities include convenient parking and an onsite coin-operated laundry facility. Located in a beautiful residential Arvada community, this home is close to shopping, Costco, parks (including one just across the street), bus routes, and Olde Town Arvada. With thoughtful updates and a prime location, this home offers affordable comfort and convenience. Only ECLT-qualified homebuyers whose letter of qualification indicates they are under both the MTSP and FMR income limits are eligible to purchase this home. In addition to the mortgage payment, there is a fee of $100 per month for the land lease. Income Qualification Guidelines: 1 person: $98,100 2 people: $112,100 3 people: $126,100 4 people $140,100 Do you meet the income qualifications? Reach out today to learn more!

    Zillow last checked:

    Listing updated:

    Listed by:

    Merima Brkic 303-304-3888,

    Invalesco Real Estate

    Bought with:

    Mike Lawton, 100076670

    Your Castle Real Estate Inc

    Source: REcolorado as distributed by MLS GRID,MLS#: 5935393MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Upper
    Bedroom
    • Level: Upper
    Bathroom
    • Level: Upper
    Dining room
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Baseboard
    Cooling
    • Air Conditioning-Room
    Appliances
    • Included: Dishwasher, Microwave, Oven, Range, Refrigerator
    • Laundry: Common Area
    Features
    • Flooring: Carpet, Wood
    • Windows: Window Coverings
    • Has basement: No
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 762
    • Total interior livable area: 762 sqft
    • Finished area above ground: 762

    Property

    Parking
    • Total spaces: 1
    • Details: Off Street Spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Private Yard
    Details
    • Parcel number: 154475
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Contemporary
    • Property subtype: Townhouse
    • Attached to another structure: Yes
    Materials
    • Brick, Frame
    • Roof: Composition
    Condition
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Westpark Condos
    HOA
    • Has HOA: Yes
    • Amenities included: Coin Laundry, Parking
    • Services included: Reserve Fund, Exterior Maintenance w/out Roof, Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Snow Removal, Trash, Water
    • HOA fee: $363 monthly
    • HOA name: Vista Management
    • HOA phone: 303-429-2611
    Location
    • Region: Arvada

    Financial & listing details

    • Price per square foot: $269/sqft
    • Tax assessed value: $195,010
    • Annual tax amount: $1,324
    • Date on market: 4/10/2026
    • Listing terms: Conventional
    • Exclusions: Seller's Personal Property
    • Ownership: Corporation/Trust

    Price history

    DateEventPrice
    5/22/2026Sold$205,000$269/sqft
    Source: REcolorado as distributed by MLS GRID #5935393 Report a problem
    4/21/2026Pending sale$205,000$269/sqft
    Source: REcolorado as distributed by MLS GRID #5935393 Report a problem
    4/10/2026Listed for sale$205,000+286.8%$269/sqft
    Source: REcolorado as distributed by MLS GRID #5935393 Report a problem
    6/25/1998Sold$53,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$934 -0.1%$12,188 +29.9%
    2024$935 -29.4%$9,381
    2023$1,324 -1.5%$9,381 -29%
    2022$1,344 +8.4%$13,205 -2.8%
    2021$1,240 $13,585 +8.3%
    2020$1,240 +1.3%$12,548
    2019$1,223 +68.5%$12,548 +73.4%
    2018$726 $7,236
    2017$726 +4.6%$7,236 +3.3%
    2016$694 +100%$7,005 -38.1%
    2015$347 -53.9%$11,319 +56.6%
    2014$752 +17.3%$7,228
    2013$641 +2.1%$7,228 +16.3%
    2012$628 -1.5%$6,217
    2011$638 +5.4%$6,217 -2.2%
    2010$605 -16.6%$6,360
    2009$725 +0%$6,360 -16.4%
    2008$725 -0.5%$7,610
    2007$729 +0.9%$7,610 +0.5%
    2006$722 +7.6%$7,570 +7.5%
    2005$671 +8.9%$7,040
    2004$616 +21.2%$7,040
    2003$508 +1.5%$7,040 +23.1%
    2002$501 -1.5%$5,720 +10.2%
    2001$508 -1.1%$5,190
    2000$514 $5,190
    Find assessor info on the county website

    Neighborhood: 80002

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lawrence
    • Middle: Arvada K-8
    • High: Arvada
    • District: Jefferson County R-1

    Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $203,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $203,500