Rare opportunity in Olde Town Arvada. This exceptional property offers an opportunity for future development, boasting a meticulously planned 12-unit townhome project that includes full architectural plans, soil tests, surveys, etc. guaranteeing a solid foundation for your project. Situated in the highly sought-after Olde Town Arvada, this property benefits from its prime location within walking distance of a vibrant array of restaurants, shops, and the convenient Light Rail Station. The existing ranch-style home on the property offers nearly 1,500 square feet of comfortable living space. With 2 bedrooms and multiple spacious living areas, wood-burning stove this home provides a cozy haven for potential tenants. The property also includes multiple barns and storage facilities, catering to various needs and expanding the potential uses of the land. With the potential to generate up to $3,500 a month in rental income.The current owner is open to a partnership, presenting an exciting chance for collaboration on this project. Whether you're an experienced developer looking to join forces or an investor seeking to enter the real estate market, this unique partnership avenue adds another layer of potential.
Sold for $835,000
Street View
$835,000
5239 Balsam St, Arvada, CO 80002
2beds
1,456sqft
Single Family Residence
Built in 1904
1 Acres Lot
$826,000 Zestimate®
$573/sqft
$2,978 Estimated rent
Home value
$826,000
$768,000 - $884,000
$2,978/mo
Zestimate® history
Owner options
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$2,978/mo
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$2,978/mo
Rent Zestimate®
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$4,838/mo
Est. payment
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$4,838/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
David Janis 303-442-5001,
Coldwell Banker Realty-Boulder
Bought with:
Non-IRES Agent
Non-IRES
Source: IRES as distributed by MLS GRID,MLS#: 996440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
Primary bedroom
- Description: Carpet
- Features: Full Primary Bath
- Level: Main
- Area: 264 Square Feet
- Dimensions: 24 x 11
Kitchen
- Description: Laminate
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13 x 8
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: No Inclusions
Features
- Eat-in Kitchen, Separate Dining Room, Open Floorplan, Walk-In Closet(s)
- Basement: None
Interior area
- Total structure area: 1,456
- Total interior livable area: 1,456 sqft
- Finished area above ground: 1,456
Property
Parking
- Total spaces: 2
- Parking features: RV Access/Parking
- Garage spaces: 2
- Has carport: Yes
- Details: Carport
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 1 Acres
- Features: Level
Details
- Additional structures: Storage
- Parcel number: 004542
- Zoning: SFR
- Special conditions: Licensed Owner
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1904
Details
- Builder name: Nelson & Son Construction
Utilities & green energy
- Sewer: Septic Tank
- Water: Well, City
- Utilities for property: Electricity Available
Community & neighborhood
Location
- Region: Arvada
- Subdivision: Arvada
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2025 | Listing removed | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/11/2025 | Price change | $3,000-6.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/14/2025 | Price change | $3,200-5.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/4/2025 | Listed for rent | $3,400+88.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Sold | $835,000-6.7%$573/sqft |
Source:  IRES as distributed by MLS GRID #996440 Report a problem | ||
| 10/4/2023 | Pending sale | $895,000$615/sqft |
Source:  REcolorado as distributed by MLS GRID #IR996440 Report a problem | ||
| 9/15/2023 | Price change | $895,000-10.1%$615/sqft |
Source: IRES as distributed by MLS GRID #996440 Report a problem | ||
| 8/8/2023 | Price change | $995,000-85.7%$683/sqft |
Source: IRES as distributed by MLS GRID #993880 Report a problem | ||
| 8/8/2023 | Listed for sale | $6,950,000+752.8%$4,773/sqft |
Source: IRES as distributed by MLS GRID #993866 Report a problem | ||
| 3/9/2022 | Sold | $815,000$560/sqft |
Source: IRES as distributed by MLS GRID #960405 Report a problem | ||
| 10/26/2021 | Sold | $815,000+555.1%$560/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/11/2018 | Listing removed | $1,800$1/sqft |
Source: Owner Report a problem | ||
| 12/3/2018 | Listed for rent | $1,800+14.3%$1/sqft |
Source: Owner Report a problem | ||
| 11/11/2017 | Listing removed | $1,575$1/sqft |
Source: Owner Report a problem | ||
| 10/21/2017 | Listed for rent | $1,575$1/sqft |
Source: Owner Report a problem | ||
| 1/4/2016 | Sold | $124,416-12.1%$85/sqft |
Source: Public Record Report a problem | ||
| 6/26/1998 | Sold | $141,500$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,656 -0.1% | $37,577 +2.3% |
| 2024 | $3,659 +26.3% | $36,723 |
| 2023 | $2,896 -1.5% | $36,723 +27.1% |
| 2022 | $2,939 +17.1% | $28,885 -2.8% |
| 2021 | $2,510 | $29,716 +17% |
| 2020 | $2,510 +1.3% | $25,404 |
| 2019 | $2,476 +4.6% | $25,404 +7.7% |
| 2018 | $2,367 | $23,590 |
| 2017 | $2,367 +5.5% | $23,590 +4.2% |
| 2016 | $2,243 | $22,643 |
| 2015 | $2,243 +16.4% | $22,643 +22.3% |
| 2014 | $1,927 -0.7% | $18,519 |
| 2013 | $1,939 +2.1% | $18,519 -1.5% |
| 2012 | $1,900 -16.1% | $18,810 |
| 2011 | $2,265 +5.6% | $18,810 -16.7% |
| 2010 | $2,146 +4.8% | $22,570 |
| 2009 | $2,048 +0% | $22,570 +5% |
| 2008 | $2,047 +35.3% | $21,490 -11.7% |
| 2007 | $1,513 +0.9% | $24,340 +54.8% |
| 2006 | $1,499 -14.8% | $15,720 -14.9% |
| 2005 | $1,760 +8.9% | $18,470 |
| 2004 | $1,616 -6.9% | $18,470 -8.3% |
| 2003 | $1,735 +1.5% | $20,140 +3.2% |
| 2002 | $1,708 +12.3% | $19,520 +25.6% |
| 2001 | $1,522 -1.1% | $15,540 |
| 2000 | $1,539 | $15,540 |
Find assessor info on the county website
Neighborhood: 80002
Nearby schools
GreatSchools rating
- 2/10Arvada K-8Grades: K-8Distance: 0.6 mi
- 3/10Arvada High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Lawrence
- Middle: Arvada K-8
- High: Arvada
Source: IRES 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
$826,000
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
$826,000
- Colorado
- Jefferson County
- Arvada
- 80002
- 5239 Balsam St
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