new - 3 days on rocket

1516 Lafayette St, Denver, CO, 80218

$725,000

Home List Price

$8,609*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,825 SqFt
$397/SqFt
House

Location

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1516 Lafayette St, Denver$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1885
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #9729220
Lot Size0.14 Acres
StatusActive

About 1516 Lafayette St

Calling all Investors, Developers, and Homebuyers. Zoned G-RO-3, this home has something for everyone! Looking to offset your mortgage? Add an ADU. Nearby short and mid-term rentals are earning $20-45k/year! Average long-term rent is $3,200 for the existing structure with approximate cap rate of 4.3% and for an ADU it's 14%. Great rental potential if you are looking to hold and then develop. The 6,250 sqft lot is well suited for a duplex or multi-unit with room for a garage/ADU.

Property Details

Property Features

Property Information:

  • Year Built: 1885
  • Living Area: 1,825 SqFt

Listing Office:

  • Office Name: Porchlight Real Estate Group
  • Office Phone: (720) 878-2589
  • Listing Agent: Nikki Wiederaenders

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Range Hood, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate
  • Interior: Ceiling Fan(s), High Ceilings, Laminate Counters, Open Floorplan, Pantry, Primary Suite, Smart Thermostat

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • East High School, Public District Grades 9-12
  • Bruce Randolph School, Public District Grades 6-12
  • Cole Arts and Science Academy, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $397/SqFt
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Housing Market Comparison

See how this home compares to others in Denver, CO.

Med. Sold Price

$584.9K

Med. Price/SqFt

$375

Avg. Days On Market

46

# of Sold Homes

843

1516 Lafayette St vs Denver

3 DAYS ON ROCKET

-43 Days

$725,000

+$140K More

$397/SqFt

+$22 More

KEY TAKEAWAY

This property is $140K more than the Median Sold Price and $22/SqFt more than other homes in Denver, CO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RECOLORADO
  • MLS Number: #9729220

Listing Office:

  • Office Name: Porchlight Real Estate Group
  • Office Phone: (720) 878-2589
  • Listing Agent: Nikki Wiederaenders

IDX Listings courtesy of REColorado as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX ©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved.

Presented by Rocket Homes Real Estate, LLC
Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 3:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1718771
4
/10
  • Cole Arts and Science Academy

  • 3240 Humboldt St

  • 1.54 miles

  • Public District Grades PK-5

High School

school-card-donut-1718772
7
/10
  • East High School

  • 1600 City Park Esplanade

  • 0.78 miles

  • Public District Grades 9-12

school-card-donut-1718773
4
/10
  • Bruce Randolph School

  • 3955 Steele St

  • 2.42 miles

  • Public District Grades 6-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,745. Residents of Denver, CO typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1516 Lafayette St

What is the listing price of this property?

The listing price of 1516 Lafayette St property is $725,000.

What type of property is this?

The property 1516 Lafayette St is a house located in Denver, Colorado, 80218.

Is this property for sale now?

Active Listing: 1516 Lafayette St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1516 Lafayette St are:
Cole Arts and Science Academy: GreatSchools Rating 4/10
East High School: GreatSchools Rating 7/10
Bruce Randolph School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 1516 Lafayette St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1516 Lafayette St is 1,825 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1516 Lafayette St is 1885.

Rocket Homes›Colorado›Denver County›Denver›80218›1516 Lafayette St

This home is located at 1516 Lafayette St in Denver, CO and zip code 80218 in the Northeast Denver neighborhood. This 1,825 square foot home, which was built in 1885, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $725,000.

In October 2024 more than 185 listings in Denver, CO were sold above the asking price. During the same period more than 217 listings were sold at asking price, while more than 441 were sold below. The number of homes for sale in Denver, CO increased by 8.8% between September 2024 and October 2024. In October 2024 median list price was $584,921 and the average listing age was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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