West Colfax Home

Building Information

West Colfax Street Denver, CO

1520 King St Denver, CO 80204

Our King St. project has been designed by local architects to fit seamlessly into its dynamic west Denver neighborhood. This “single-family home” design incorporates the largest suite, which features one or more bedrooms, a dining room, kitchenette, and a private living room. This house has shared amenity space on the top floor, with a large shared kitchen, dining area, living space, library, and kids’ nook. The basement includes shared storage space, bike room, and laundry. A large front and back yard provide all of the space included with a typical single-family house.

Neighborhood

  • Denver’s West Colfax neighborhood sits on rolling hills immediately west of downtown, with stunning views of both the mountains and the city.
  • Denver’s 2nd largest park, which surrounds picturesque Sloan’s Lake, is only a few blocks away, providing plenty of opportunities to walk the dog or stroller, or go for a relaxing bike ride.
  • To the south, lies Lakewood Gulch Park, Dry Gulch Park, and Paco Sanchez Park, a series of wonderful parks connecting locals to downtown Denver parks, paths, and bikeways.
  • Shopping and dining is only a few blocks, situated along West Colfax Avenue and Sloan’s Lake.
  • Popular and frequent bus service runs along the West Colfax Avenue corridor and light rail runs between Golden and downtown Denver along Dry Gulch.

Schools

Cheltenham Elementary School

Grades: K-5 Distance: 0.11 mi

Lake International School

Grades: 6-8 Distance: 0.34 mi

North High School

Grades: 9-12 Distance 1.49 mi

Learn more at GreatSchools.org

Schools

Cheltenham Elementary School

Grades: K-5 Distance: 0.11 mi

Lake International School

Grades: 6-8 Distance: 0.34 mi

North High School

Grades: 9-12 Distance 1.49 mi

Learn more at GreatSchools.org

Transit

Walkscore

1520 King Street

Very Walkable

Learn more about Denver

Bike Path

For full map, check out the Denver Bike Map.

Floor Plan

Click here for full size PDF.

Features

  • Single-family units, approximately 2,700 square feet each
  • Private bedroom(s) + bath suites and coffee bars for each owner
  • Full access to shared living rooms, dining areas, co-working space, and outdoor amenities
  • Traditional brick exteriors, which are maintenance-free and will last hundreds of years
  • Shared on-site electric cars, powered by solar energy, allowing for a ‘net-zero’ lifestyle
  • Fenced-in yards for dogs
  • A backyard playground (if appropriate)
  • State of the art energy features, and optimal quality indoor air and water systems
  • Exposed brick walls that help block heat and noise transfer
  • Solar photovoltaic panels (3kWh + array per unit), providing most of your electrical power
  • Exterior 220 plugs for electric car charging
  • High efficiency electric water heaters
  • High efficiency electric VRF heating and cooling systems
  • Energy efficient appliances including a low water front-loading washing machine
  • Energy monitoring systems
  • Ceiling fans and LED lighting throughout
  • Underfloor heating systems in the basement
  • Terrazzo concrete floors throughout
  • Low VOC (volatile organic compounds) finishes throughout, including low VOC cabinets, finishes and paint
  • Exposed, open web steel trusses, and a floor-to-floor shaft that allows for quick technology updating

Financials

Here is a sample breakdown of what a Co-Owner can earn over time investing in a share in our townhome project.

1 Bedroom Unit

Purchase Price: $165,000
Down Payment (10%): $16,500
(We offer down payment assistance up to $10,000)

Monthly Mortgage (Principal, Interest, Taxes, Insurance): $1,902
Other Monthly Charges (Estimated)
Utilities (Water, Electrical, Internet): $68
Maintenance & Improvement Reserves: $108
Co-Op Management: $28

Holding the Property for 5 years:
Appreciation rate: 4.935% (this is the historic appreciation rate for this neighborhood over the last 5 years)

5 year Appreciation Sale Price: $205,620

Share Loan Balance after 5 years: $132,621

Payout after 5 years: $56,779*

2 Bedroom Unit

Purchase Price: $220,000
Down Payment (10%): $22,000
(We offer down payment assistance up to $10,000)

Monthly Mortgage (Principal, Interest, Taxes, Insurance): $2,535
Other Monthly Charges (Estimated)
Utilities (Water, Electrical, Internet): $91
Maintenance & Improvement Reserves: $144
Co-Op Management: $38

Holding the Property for 5 years:
Appreciation rate: 4.935% (this is the historic appreciation rate for this neighborhood over the last 5 years)

5 year Appreciation Sale Price: $274,160

Share Loan Balance after 5 years: $176,827

Payout after 5 years: $75,704*

Owning a share in the Co-Own company sets our members up to increase financial empowerment and to level up in their housing. Our members will have more opportunities down the road to invest in traditional housing models, or to move into our larger projects down the road because of the initial equity they can build in our townhomes.

 

*All of the financial projections contained here present the best estimates of our management team. They are of course not guaranteed and based on market conditions and actual costs.

Reserve Your Spot

Get in on the ground floor and reserve your spot today!

12 + 4 =