Introduction
Denver, Colorado, is one of the most vibrant and sought-after cities in the U.S., and its properties are attracting significant attention, especially in popular neighborhoods like Yates Street. Among these, 1230 Yates St Unit 1 Denver, CO 80204 stands out as a prime real estate option for homebuyers and investors alike. This guide delves into the essential aspects of the property, providing valuable insights for potential buyers.
Property Overview
Location: 1230 Yates St Unit 1, Denver, CO 80204
This beautiful unit is situated in a central Denver neighborhood, known for its convenience and thriving community. Close to downtown Denver, this property offers an ideal blend of city life with a peaceful, suburban atmosphere.
1230 Yates St Unit 1 is part of a well-constructed and modern residential development, offering residents state-of-the-art amenities, contemporary designs, and easy access to various lifestyle perks.
Property Specifications:
- Type: Townhome/Condominium
- Size: 2,500 square feet
- Bedrooms: 3
- Bathrooms: 3
- Parking: 2-car attached garage
- Year Built: 2020
- Price: $675,000 (as of current market listing)
This property boasts an open floor plan, modern finishes, and energy-efficient installations, making it a perfect option for both families and young professionals.
Neighborhood Highlights
One of the most attractive aspects of 1230 Yates St Unit 1 is its location in Denver’s buzzing West Colfax neighborhood. Here’s why this neighborhood stands out:
Proximity to Amenities
Residents have easy access to a variety of local amenities, including shopping centers, parks, schools, and entertainment spots. The area is well-connected by public transport, making it easy to commute downtown or to other areas of the city.
- Shopping & Dining: Nearby establishments like Target, Sloan’s Lake Tap & Burger, and Alamo Drafthouse Cinema are just minutes away.
- Parks & Recreation: Sloan’s Lake Park, one of the most popular parks in Denver, is within walking distance. It offers a great space for outdoor activities like jogging, boating, and picnicking.
- Schools: The property is located near highly-rated schools, such as Colfax Elementary School and Lake Middle School, making it an excellent choice for families.
Transportation and Connectivity
With easy access to major roads like W 6th Ave and Colfax Ave, commuting from this property to downtown Denver is a breeze. The neighborhood is also serviced by RTD Light Rail (W Line) for public transport options.
Community Vibe
West Colfax is a growing neighborhood known for its vibrant community. The blend of historic architecture and modern developments gives the area a unique charm. New bars, restaurants, and coffee shops are popping up regularly, catering to a diverse crowd of families, professionals, and students.
Key Property Features
1230 Yates St Unit 1 offers a range of high-end features that make it stand out in the competitive Denver real estate market.
Spacious and Modern Interiors
This 3-bedroom, 3-bathroom property features a well-thought-out layout. The large living room and open kitchen concept allow for seamless entertaining. The kitchen is equipped with stainless steel appliances, quartz countertops, and custom cabinetry, making it a dream for home chefs.
Energy Efficiency
Built in 2020, this unit adheres to modern energy standards. It includes energy-efficient windows, HVAC systems, and smart home technologies that reduce utility bills and environmental impact.
Outdoor Space
Though it’s an urban townhome, the property includes a private outdoor deck, perfect for enjoying Colorado’s sunny weather. Additionally, the attached two-car garage provides secure parking and additional storage space.
Security Features
For peace of mind, the property is equipped with security features like smart locks, a home security system, and exterior cameras, ensuring that homeowners feel safe and secure.
Market Insights and Investment Potential
Denver’s real estate market has been experiencing steady growth, and properties like 1230 Yates St Unit 1 are in high demand. The city’s increasing population, coupled with its strong economy, make this unit a promising investment opportunity.
Local Market Trends
According to the Denver Metro Association of Realtors (DMAR), property values in the West Colfax neighborhood have increased by an average of 5-7% annually over the past three years. This is due to the influx of residents looking for affordable housing options near downtown Denver.
Comparative Market Analysis (CMA)
To give prospective buyers a better idea of pricing, here is a comparative look at similar properties in the area:
- Property A: 2,400 sq ft, 3 bed, 3 bath – Sold for $660,000
- Property B: 2,600 sq ft, 3 bed, 3 bath – Listed for $680,000
- Property C: 2,500 sq ft, 4 bed, 3 bath – Sold for $700,000
With its prime location and modern features, 1230 Yates St Unit 1 falls within the competitive price range for homes in this area.
Rental Market Potential
Moreover, the rental market in West Colfax is thriving, especially among young professionals, who are not only attracted by the proximity to downtown Denver but also drawn to the convenient public transportation options. This property has strong rental potential, with similar units renting for approximately $3,500 – $4,000 per month.
Investors can expect a steady rental income, especially given Denver’s rising demand for quality housing.
Real-Life Examples and Testimonials
Many residents who have bought homes in the West Colfax neighborhood share positive experiences. Here’s a real-life testimonial from a homeowner living just a few blocks away from 1230 Yates St Unit 1:
“We moved to West Colfax last year, and it’s been a fantastic experience. The neighborhood is peaceful yet close to everything. We love having Sloan’s Lake nearby for weekend outings, and the local dining scene is just getting better.” – Sarah J.
Another local property owner shares:
“I bought my townhome here in 2019, and I’m happy to see the value appreciate significantly. It’s a great place to live, with the convenience of being close to the city but without the downtown chaos.” – Michael T.
Practical Tips for Prospective Buyers
If you’re considering purchasing a property in Denver, particularly 1230 Yates St Unit 1, here are some tips to help guide your decision:
Work with a Local Realtor
Local realtors are well-versed in the Denver market and can provide valuable insights into pricing trends, neighborhood developments, and off-market opportunities.
Check for Homeowners Association (HOA) Fees
For properties like townhomes and condos, it’s essential to inquire about HOA fees, which can vary depending on the services provided. Be sure to understand what’s covered under these fees, such as exterior maintenance, landscaping, and security.
Conduct a Home Inspection
Always conduct a thorough home inspection to ensure that the property is in excellent condition. Even newer properties may have minor issues that should be addressed before purchasing.
External Resources for Homebuyers
To further assist you in your home-buying journey, here are some useful external resources:
- Denver Metro Association of Realtors (DMAR): dmar.org
- City of Denver Official Website: denvergov.org
- Zillow for Property Listings: zillow.com
- West Colfax Association of Neighbors (WeCAN): wecandenver.org
These resources provide detailed market data, neighborhood insights, and helpful tools for comparing properties.
Conclusion
1230 Yates St Unit 1 Denver, CO 80204 offers a fantastic opportunity for those looking to live in one of Denver’s rapidly developing neighborhoods. In addition to its modern amenities, combined with a prime location and impressive market potential, 1230 Yates St Unit 1 Denver, CO 80204 stands out as an exceptional investment opportunity for both homebuyers and investors alike. By understanding the key aspects of the property and neighborhood, you can make an informed decision that aligns with your needs and financial goals.
To explore this property or similar homes in Denver, contact a qualified realtor and thoroughly research the market to secure the best deal.
