Sloan's Lake Neighborhood 2021 in Review

Last year, I had some fun reviewing the year with a million different stats for the Sloan’s Lake neighborhood. One year later, I’ve decided it should be a tradition. I mentioned this last year, but a reminder that when I say “sold in 15 days”, I’m referring to the stat for ‘Days in MLS’. So, in that instance, it would have been 15 days from when the house was active in the MLS to when it was under contract. Also, in late summer of 2020, IRES and ReColorado merged their data, so there is an option to add a listing in both systems, creating two listings. This skews my data slightly because some of these duplicates are included in the total number of homes sold. I have not extracted them to continue the same methodology as last year, but a quick look found that only five listings were duplicates.

Without Further Ado, Here’s a Recap of What Happened in 2021. Spoiler Alert: The Market is Hot Hot Hot.

Total Number of Sloan’s Lake Homes Sold in 2021: 229

133 were Single Family, 15 were condos and 81 were multi-family homes (townhouse, half duplex, triplex or quadplex). The number of total sales in the neighborhood was up 27% from 2020.

Average Sale Price: $876,739 // Median Sale Price: $805,000
Average Days in MLS: 15
Average Sold to List Price: 102% of List
Number of Cash Transactions: 55

Most Expensive Home Sold in Sloan’s Lake: $2,440,000

2805 Vrain Street is a 5 bed, 5 bath single family home with 4,647 square feet that was built in 2008. The custom, brick and stucco home sold in 3 days by Rick Perez with Assist2Sell, Thompson Real Estate Group. It’s situated three blocks to the lake and features a large lot with a salt water swimming pool, hot tub, private patio and professional landscaping. This record sale price is up 22% over last year’s highest price (woah!).

Most Expensive Attached Home Sold in Sloan’s Lake: $1,350,000

2143 Perry Street, a 3 bed, 5 bath townhome with 3,155 square feet that was built in 2008. Three blocks from the lake, this custom home has a large primary suite, private outdoor spaces, and both a basement and a rooftop patio. Sold in 6 days by yours truly :) Caitlin Clough with milehimodern.

Highest Price Per Square Foot (Finished): $1,008

2504 Zenobia Street sold for $1,460,000 (listed for $1,180,000, or 24% over ask- woah). This development site is a 12,000 square foot lot with a 2,000 sq ft brick home sitting on it, only 1,450 of it finished, which contributes to the high “finished” price per square foot. It was also the largest (single family) lot sold in the neighborhood this year. Sold in 4 days, this one was sold as-is and was double-ended by Chris Lamee with Banyan Real Estate (a.k.a. Chris worked as a Transaction Broker with both Buyer and Seller).Last year’s record high PSF was $878, meaning in just one year, this stat jumped almost 15%.

Lowest Price Per Square Foot (Finished): $272

2141 Julian Street sold for $867,500 in January 2021 after 62 days on market. It’s a 6 bed, 5 bath half duplex with almost 3,200 square feet built in 2015. Sold by the David McNamara with VanWest Real Estate Group.

Lowest Price Per Square Foot (Total): $265

2357 Grove Street was an estate sale in the Witter-Cofield Historic District. This home, built in 1902, sold for $750,000 after 9 days on market by Anthony Rael with RE/MAX Alliance. Contributing to the lower price per square foot is the 429 unfinished square footage in the basement.

Last year’s record low was $217, so again, we’re jumping up 22% in 2021.

Highest Percentage Over Original List Price: 30% Over List Price

3329 W 25th Avenue, an updated 1,700 square foot Victorian with 2 beds and 2 baths, was listed by Jeff Plous of Hatch Realty for $575,000. It sold for $750,000 cash in June. Not surprisingly, this one went in a weekend.

Least Expensive Home Sold in Sloan’s Lake: $271,000 (HOA: $267/mo)

2672 Utica Street, a 1 bed, 1 bath, 462 square foot condo built in 1943. This condo is in the Park Plaza Condo Community and is just one block from the lake. Sold in 4 days in June by Susie Best and Kelly Reed with milehimodern. This was also tied for the smallest home sold this year.

The least expensive home sold in Sloan’s Lake in 2020 was also in Park Plaza, but was slightly larger, at 606 square feet, and sold for $290,000.

Biggest Home Sold in 2021

The largest home sold was 4925 W 28th Avenue. This modern home sits on a large lot and has 5 beds, 5 baths and 4,998 total square feet. Built in 2015, this home is fully custom, with every luxury feature imaginable. It sold in 86 days for $1,810,000 by Jenny Apel with Nostalgic Homes. However, it had previously been listed by RE/MAX in September 2020 for $2.7M and expired after two price decreases and 111 days on market.

Smallest Home(s) Sold in 2021

TIE: 2672 Utica Street + 2660 Utica Street in Park Plaza Condos both are 462 total square feet in size. 2660 Utica Street is a one bed, one bath home is in the same complex as 2672 Utica Street (see above). 2660 Utica is an end unit and was sold for $290,000 in April by Colleen Waldorf with West and Main.

Oldest Homes Sold in 2021

3032 W 25th Avenue was built in 1880. It’s a Queen Anne Style Victorian in the Witter-Cofield Historic District with a carriage house on a large lot. Some of the historic details include original hardwoods, pocket doors, original wood trim, a Victory Garden, a rustic cobblestone courtyard with 100 year old grape vines, and a 3-car garage that was created by converting the original horse stalls. It sold in 7 days for $1,073,000 by Chadwick Williams with Denver Real Estate Professionals.

These stats are pertaining to the Sloan’s Lake neighborhood only. In other market updates, I will compare the entire market and/or the 80211 and 80212 zip codes, but this is ONLY for the boundaries of the neighborhood. Essentially, the east and west boundaries are Federal and Sheridan and the north south boundaries are 29th and 17th Avenue. There is a small cut out on the east side of the lake, from Meade to Federal, where the southern border is on 19th vs. 17th Avenue. This section is technically part of West Colfax.

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