7025 W 20th Avenue, Lakewood, 80214

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7025 W 20th Avenue

Lakewood, 80214

today

REDUCED

$399,900

For Sale

0.29

Acres

MLS# 6416510

Cumulative Days on Market: 14 (since April 18th, 2024) Data provided by the MLS.

Property Details

LOCATION! Just 1 mile to Sloan's Lake and Edgewater Public Market and Shopping! Build 2 single family homes ~ $2.5M - $3.0M or a duplex, valued @ $2.2M - $2.5M!This vacant lot = RED outline shows you can build 2 units ('3' and '4') * The Yellow Lot, Lots 1 and 2 - 7031 W. 20th Ave - is also for sale for $699, 900 AND includes a single family home PLUS the buildable single family lot on North part of lot * * Per R2 zoning AND City of Lakewood 11 / 15 / 2023 written communication to Owner, you are allowed to build 2 single family, stand alone houses by a simple legal process to 'condominiumize' the lot * * Per REALIST / Public Record, 7051 W. 20th Ave (just 2 lots to West) sold for ~ $862, 500 on 6 / 23 / 2023 - and it was only 1, 648 sq.ft. above grade and 1, 648 in basement, a relatively small home. So you absolutely can build 2 larger, more valuable $1M+ homes EACH - up to $3M total value * * or stay smaller too! Of the 2 homes to be built, you'd have City Views on '3' b / c of a secluded wooded area in back + separation from Geneva Court to the North because of a public water ditch and green space. * * Build a Walk-Out Basement to increase your value and functionality, because it is perfectly sloped for a natural build-out! * * * In lieu of 2 stand alone homes, you are allowed to build a duplex like the neighbor directly West on 2020 Teller Street (1 block over), which per Realist / Public Record SOLD for $1, 100, 000 on 6 / 02 / 2023 @ $369 / foot * * * 2020 Teller Street shows as expired but actually sold - check Realist / Public Record. * UNIQUE OPPORTUNITY: You can also BUY ADJACENT 7031 West 20th Ave property and build THREE (3) single family, (all detached) homes + owning the existing 100% REMODELED home to offset costs AND / OR live in while developing! It has 2 kitchens, 2 washer / dryers, 2 living spaces, 2 baths = PERFECT Land Cover Play! When finished, sell off 3 and keep one FREE and CLEAR or keep one as investment, etc., etc. You can do what you want! Hurry, this unique opportunity will go soon!

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Property Highlights

Price

$399,900

Property Type

Land

Property Sub Type

Unimproved Land

Acres

0.29

Location

County

Jefferson

Subdivision

Grandview Acres

View

City

Zoning

Property Details

Price

$399,900

Property Sub Type

Unimproved Land

Property Type

Land

Community

Local Schools

School District

Jefferson County R-1

Terms

Exclusions

Not Applicable

Ownership

Corporation/Trust

Special Conditions

None

Special Terms

Cash, Conventional

Heating, Cooling & Utilities

Utilities

Sewer

Public Sewer

Water Source

Public

Lot

Acres

0.29

Lot Dimensions

67 x 191

Lot Features

Flood Zone, Secluded, Sloped

Lot Size

12,707

Lot Size Area Sq Ft

12,707

Exterior Features

Fencing

Partial

Listed by Cjv Real Estate, patrick@cjvrealestate.com, 303-929-1333.

Listing Data last updated 05/01/2024 08:31 AM

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Date of last price change

14 days ago

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NOTE: Cumulative Days on Market: 14. Data provided by the MLS.

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Listing Data last updated: 05/01/2024 08:31 AM

7025 W 20th Avenue - MLS#6416510 - $399,900

Listed by Cjv Real Estate

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Of the 2 homes to be built,  you'd have City Views on '3' b\/c of a secluded wooded area in back + separation from Geneva Court to the North because of a public water ditch and green space.**Build a Walk-Out Basement to increase your value and functionality,  because it is perfectly sloped for a natural build-out!***In lieu of 2 stand alone homes,  you are allowed to build a duplex like the neighbor directly West on 2020 Teller Street (1 block over),  which per Realist\/Public Record SOLD for $1, 100, 000 on 6\/02\/2023 @ $369\/foot***2020 Teller Street shows as expired but actually sold - check Realist\/Public Record. *UNIQUE OPPORTUNITY:  You can also BUY ADJACENT 7031 West 20th Ave property & build THREE (3) single family,  (all detached) homes + owning the existing 100% REMODELED home to offset costs AND\/OR live in while developing!  It has 2 kitchens,  2 washer\/dryers,  2 living spaces,  2 baths = PERFECT Land Cover Play!  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