Property Valuation Analysis

Professional real estate appraisal for 1247 Oak Street, Denver, CO 80202

Estimated Value Range

Low Estimate

$485,000

Most Likely

$525,000

High Estimate

$565,000

Price per sq ft: $245 - $264

Comparable Properties Analysis

1253 Pine Avenue

$540,000

Sold: Mar 2024

Sq ft: 2,180

Bed/Bath: 4/3

Distance: 0.3 mi

1189 Maple Street

$515,000

Sold: Feb 2024

Sq ft: 2,050

Bed/Bath: 3/2.5

Distance: 0.5 mi

1301 Cedar Lane

$498,000

Sold: Jan 2024

Sq ft: 1,950

Bed/Bath: 3/2

Distance: 0.4 mi

Valuation Methodology

Primary Comparables: 1253 Pine Avenue prioritized due to similar size and recent sale date
Size Adjustments: +$15,000 adjustment for additional 100 sq ft compared to subject property
Location Factor: Properties within 0.5 miles weighted more heavily
Time Adjustments: Recent Q1 2024 sales reflect current market conditions

Market Insights

Current Market Conditions

Balanced market with steady appreciation. Average days on market: 28 days. Inventory levels are moderate.

Price Trends

Market has appreciated 4.2% year-over-year. Spring selling season showing increased activity.

Important Disclaimer

This estimate is for informational purposes only and should not be considered an official appraisal. For lending, insurance, or legal purposes, please obtain a professional appraisal from a licensed appraiser.

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