Property Values: What You Get For $180,000

08Apr09

Excerpt from an article written by Mike Powell

Originally published in New York Times: April 7, 2009

 

Denver, CO 

WHAT:

A three-bedroom three-bath town house in a condominium complex (1205 S. Monaco Pkwy)

1205 South Monaco Pkwy, Denver, CO 80224 

HOW MUCH:

$179,900

 

PER SQUARE FOOT:

$88.58

 

SETTING:

This town house is in the French Quarter, a condominium complex built in 1969 in southeast Denver. Across the street is Garland Park, which has tennis courts and a small lake. The Cherry Creek Bike Path, a 40-mile-long paved trail, is a block away. The 1205 South Monaco Pkwy, Denver, CO 80224surrounding area is mixed-use: strip malls, other town home complexes and larger businesses, many along South Colorado Boulevard, about 1.5 miles to the west.  Also nearby is the 16th Street Mall, a 16-block-long pedestrian mall that runs through downtown Denver.

 

COMMON SPACES:

The current owners, both architects, made major renovations to the main level, according to the listing agent.  Coat and shoe closets were added, an island was put into the kitchen, and walls were knocked down to open up the kitchen, living and dining areas. The 1205 South Monaco Pkwy, Denver, CO 80224 - Bedroomliving room’s fireplace is wood-burning.  The owners also finished the basement.  It currently has an office, a children’s arts-and-crafts area, a media room wired for home theater, a bathroom and a washer/dryer.  The complex has an indoor pool and clubhouse.

 

PERSONAL SPACES:

There are three bedrooms upstairs. The master suite has a walk-in closet and bathroom; the other two bedrooms share a bath.

1205 South Monaco Pkwy, Denver, CO 80224 - Patio 

OUTDOOR SPACE:

There is a fenced-in wooden deck off the kitchen.

 

TAXES:

$819 (estimated for the next owner)

 

 

CONTACT:

Perry & Co. Real Estate Professionals Agent Corrie Lee, (303) 817-9266



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