We have a show-stopper in West Wash Park. The two-story, three-bedroom, four-bathroom, 2,309-square-foot home just hit the market two days ago for $785,000.
This West Wash Park, 880 S Sherman Street, home is definitely worth a tour this weekend.
Steeped in hours of HGTV shows, buyers dream of refurbished, exposed brick on an old home. This one has it in spades — it was built in 1890! The recent remodel gave it a true master bathroom with dual sinks on the upper level, a hard-to-find feature in older Wash Park homes.
Too good to be true?
Maybe. I-25 is just across the street. New owners will have to learn to embrace, or at least come to peace with, road noise.
This is a trend I see in the marketplace. With buyer sky-high for Denver’s wonderful neighborhoods, buyers are happy to pay a slightly discounted price, even if it means living along a busier road.
Take 1155 S Clarkson Street (two-bedroom, two-bath, 2,167 square feet) in West Wash Park, for example. Also near I-25, the house listed at $675,000 in March 2018, had multiple offers and closed at $725,00 in an all-cash transaction.
Homes in hot Denver neighborhoods near busy streets go for less
Another great example of the trend in West Wash Park is 693 S Logan Street (four bedrooms, four baths, 2,541 square feet), hit the market in June at $849,000 and closed at $879,000 in an all cash transaction. It was on the market just three days!
I’ve seen some hot listings move fast on other busy streets including University Boulevard, Downing Street, Holly Street, and York Street.
Some clients of mine recently went under contract at 1240 S Clarkson Street, a beautiful pop-top by I-25. They were excited to get into a home in their price range in West Wash Park — a few blocks in and the house would have easily been over $1 million.
I foresee a similar outcome for 880 S Sherman.
If you’re buying or selling near a busy street on a popular Denver neighborhood, you may be surprised how the market reacts.
Stay tuned for how 880 S Sherman stands the test of a busy road location. I’m betting it gets full price.
Thanks for reading,