221 Madison Street Bldg , Unit

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Sold Denver, CO 80206 MLS# 6679958 Sold by Dean Schmeisser on 07/27/2022
$2,284,200
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Multi-Family Property Type
3 Bedroom
5 Bathroom
3 Garage
4416.00 Sq Ft
0.10 Acres
2007 Year Built

Overview

ORIGINAL OWNER SPARED NO EXPENSE ON THIS CUSTOM, MAZE BUILDERS, TOWNHOME. BEAUTIFUL FINISHES THROUGHOUT. LOCATED IN DESIRABLE CHERRY CREEK NORTH WITH GREAT WALKABILITY TO SHOPS AND RESTAURANTS. SOLID MAGAHONY DOOR LEADS YOU INTO THE FORMAL LIVING ROOM WITH STONE FIREPLACE. BUTLERS PANTRY ACROSS FROM THE FORMAL DINING ROOM WITH WET BAR AND WINE COOLER, PLENTY OF STORAGE IN THE LARGE PANTRY. THE KITCHEN HAS CUSTOM CABINETS, WOLF RANGE WITH 4 BURNERS AND A GRIDDLE, SUB ZERO REFRIGERATOR, SEPARATE WALL OVEN, BUILT IN MICROWAVE, NEWMIELE DISHWASHER IN 2021 AND VENT-A-HOOD. FAMILY ROOM ADJACENT TO THE KITCHEN WITH FRENCH DOORS TO THE SOUTH FACING PATIO WITH BUILT IN GRILL AND GAS FIREPLACE. THREE CAR HEATED GARAGE WITH FULL WALL OF STORAGE, REFRIGERATOR AND UTILITY SINK COMPLETE THE MAIN FLOOR. THERE IS AN ELEVATOR TO ALL THREE FLOORS. UPSTAIRS THERE IS A GUEST BEDROOM WITH ENSUITE BATH, LOFT AREA PERFECT FOR A HOME OFFICE AND IMPRESSIVE PRIMARIY SUITE. THE PRIMARY BATH HAS DOUBLE SINKS OVERSIZED TUB AND LARGE STEAM SHOWER. HUGE CLOSET HAS CUSTOM ORGANIZER SYSTEM. UPSTAIRS LAUNDRY HAS A STORAGE CLOSET. THE WALK OUT BASEMENT WITH PATIO PROVIDES PLENTY OF LIGHT IN THE FAMILY ROOM AREA COMPLETE WITH FIREPLACE AND WET BAR. THERE IS BEDROOM WITH AN EGRESS WINDOW AND ENSUITE BATH, SECOND LAUNDRY ROOM AND AREA PERFECT FOR STORAGE OR HOME GYM. THE DOWNSTAIRS WAS DESIGNED AS A SPACE FOR PARENTS. THE HOME HAS BEAUTIFUL CROWN MOLDING, CLOSETS WITH AUTO LIGHTING, PLENTY OF STORAGE AND QUALITY RARELY FOUND. THE SINGLE OWNER LOVINGLY CARED FOR AND GENTLY USED THIS HOME AS A PART TIME RESIDENCE.

New Home Sales Hours

Courtesy Of Oracle Homes
Source: REcolorado

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    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? Yes
    • Basement Full,Walk-Out Access
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features Basement,Family Room,Gas Log,Living Room,Outside,Primary Bedroom
    • No. of Fireplaces 5
    Square Foot Details
    • SqFt 4,416
    • Living Area, Finished 4,344
    • Above grade, Finished 2,964
    • Basement, Finished 1,380
    • Basement, Unfinished 72
    • PSF Total $517.26
    • PSF Finished $525.83
    • PSF Above Grade $770.65
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Bar Fridge,Convection Oven,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Range,Range Hood,Refrigerator,Self Cleaning Oven,Wine Cooler
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls 1 Common Wall
    • Exclusions WASHER AND DRYER, SELLERS PERSONAL BELONGINGS
    • Flooring Carpet,Tile,Wood
    • Furnished Unfurnished
    • Interior Features Built-in Features,Ceiling Fan(s),Eat-in Kitchen,Elevator,Entrance Foyer,Five Piece Bath,Granite Counters,High Ceilings,High Speed Internet,In-Law Floor Plan,Jet Action Tub,Kitchen Island,Pantry,Primary Suite,Smoke Free,Utility Sink,Walk-In Closet(s),Wet Bar
    • Laundry Availability In Unit
    • Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Video Doorbell
    • Spa Features
    • Window Features Double Pane Windows

    Room Details

    Bathroom Details Total Bathrooms: 5
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 3
    More Room Details

    Unit Information

    Summary

    • Number of Units 2
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces East
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Duplex
    • Unit Floor # 1
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick
    • Foundation Details Concrete Perimeter
    • Roof Cement Shake
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Barbecue,Elevator,Gas Grill,Lighting,Private Yard
    • Fencing Full
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Patio
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Landscaped,Near Public Transit,Sprinklers In Front,Sprinklers In Rear
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.10
    • Lot Size Dimensions
    • Lot Size SqFt 4,164
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $22,842,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility
    • Road Surface Alley Paved,Paved

    Parking/Garage

    Parking Space Summary

    • Parking Features Dry Walled,Floor Coating,Heated Garage,Insulated
    • Total Parking Spaces 3
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 0
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Central Air
    • Green Energy Efficient
    • Heating Forced Air
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V,220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Available,Natural Gas Connected,Phone Available
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation 2.80%
      • Transaction Broker Compensation 2.80%
      • Compensation Offered
      • Dual Variable Compensation No
      • Commission Modified Decrease
      • Closing Comments Buyer's agent lowered the price $65,800.00 in lieu of commission. Actual sales price was $2,350,000.00
      Income details
      • Actual Annual Net Income $
      • Gross Income $
      • Income Includes
      • Income Includes Description
      Landleasing details
      • Land Lease Amount
      • Land Lease Amount Frequency
      • Land Lease?
      Projected
      • Other Annual Income $
      • Potential Rental Income Annual $
      • Projected Annual Expense $
      • Projected Annual Net Income $
      • Projected Gross Income $
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $9,441
      • Legal Description HARMANS SUB BLK 54 S/2 OF N 2/3 OF LOT 9
      • Tax Exemptions
      • Tax ID 5121-22-049
      • Tax Year 2021
      Other
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant

      Neighborhood

      Summary

      • Building Name
      • Development Name
      • Park Name
      • Senior Community No
      • Subdivision Cherry Creek North
      New Home Community
      • Community Description
      • Community MLS #
      • Community Name
      • Community Opening
      • Community Website
      • Current Promotions
      • Development Status
      • Directions from Agent NORTH ON MADISON FROM FIRST AVENUE, THE HOME IS ON THE WEST SIDE OF THE STREET. YOU MUST PARK ON THE EAST SIDE, WEST SIDE IS PERMIT ONLY FOR RESIDENTS
      • Move In Date
      • New Home Available Options
      • New Home Land MLS #
      • New Home Plan MLS #
      Zoning Details
      • Current Use
      • Incorporated? Yes
      • Zoning G-RH-3
      • Zoning Jurisdiction

      Other

      Business Details
      • Business Amenities
      • BusinessDescription
      • BusinessType
      • Year Established
      History
      • Original List Price $2,400,000
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      Other
      • Home Warranty 0
      • Ownership Individual
      • Possession Negotiable
      • Special Listing Conditions None Known
      • Year Built 2007

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      School Zone

      District: Denver 1
      Schools: Steck Elementary School, George Washington High School, Hill Middle School

      Area Map

      Walk Score

      Bike Score

      Bike Score

      0 description
      Transit Score

      Transit Score

      0 description summary
      Walk Score

      Walk Score

      0 description
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