What Does $500,000 Get You in Denver?

In 2018 the average property in Denver sold for $504,102.  Lots of people ask us what does the average property in Denver actually look like?  What do you get for your hard-earned money?  And in what neighborhoods can you get the average property?  

Below are five examples of properties priced around $500,000 to give you a sense of what the “average” property looks like here in Denver.

1250 Humboldt St. #503
Property Type: Condominium
Bedrooms: 2
Bathrooms: 2
Sq. Feet: 1,368
Neighborhood: Cheesman Park
Price: $499,900
Notes: This is a newly remodeled condominium that has rare views into Cheesman Park from its living room, master bedroom, guest bedroom, and large balcony. 

The living room at 1250 Humboldt St. #503.

The kitchen at 1250 Humboldt St. #503.

The view into Cheesman Park from 1250 Humboldt St. #503 on a snowy winter day.

1605 S. Elizabeth St.
Property Type: House
Bedrooms: 2
Bathrooms: 1
Sq. Feet: 915
Neighborhood: Cory-Merrill
Price: $499,900
Notes: This detached single family house is in the desirable Cory-Merrill neighborhood and has a good-sized back yard with some fresh updating on the interior.

1605 S. Elizabeth St.

The kitchen at 1605 S. Elizabeth St.

The bathroom at 1605 S. Elizabeth St.

4913 Lowell Blvd.
Property Type: Townhome
Bedrooms: 3
Bathrooms: 3
Sq. Feet: 1,510
Neighborhood: Berkeley
Price: $499,900
Notes: This newly constructed townhome has beautiful finishes on the interior, and is in an up-and-coming location–you’ll just need to be OK with a very small 3rd bedroom, the noticeable hum of the ventilation system from the Rocky Top Tavern next door, and the likely construction of another building happening on the other side soon.

The exterior of 4913 Lowell Blvd.

The kitchen at 4913 Lowell Blvd.

4621 Elm Ct.
Property Type: House
Bedrooms: 4
Bathrooms: 2
Sq. Feet: 1,682
Neighborhood: Berkeley
Price: $490,000
Notes: This house has some updates and is currently set up as an up/down duplex, with the basement functioning as a separate unit with its own kitchen, laundry, and lock-out access via the shared back door.

4621 Elm Ct.

The main level kitchen at 4621 Elm Ct.

The main level living room at 4621 Elm Ct.

The lower level kitchen and laundry at 4621 Elm Ct.

2570 Lawrence St. #C105, Building B
Property Type: Condominium
Bedrooms: 1 + “Den”
Bathrooms: 1
Sq. Feet: 943
Neighborhood: RiNo
Price: $499,000
Notes: This one bedroom condo in the S*Park development is newly built, features a long and narrow layout, comes with one parking space, features a second “den” room which doesn’t have a closet or window, and the community offers the option of reserved raised garden beds and fresh greenhouse produce.

The S*Park development at 2570 Lawrence St.

The kitchen/living room at 2570 Lawrence St. #C105, Building B.

The bathroom at 2570 Lawrence St. #C105, Building B

For more information on any of these properties or to schedule a showing, contact us.  Click here to search all Denver homes for sale.

The David Schlichter Team is the top-producing team in the largest brokerage in downtown Denver and is the highest ranked individual real estate team in Denver as ranked by users of Yelp.com.  The team is a repeat recipient of the Platinum Award for Excellence from the Denver Metro Association of Realtors.  It is currently accepting new clients for 2019.

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