Single-Family Home in Lakewood Sold for $1.4M, Above Average Local Prices

A residential property located at 3400 S Reed St, Lakewood, 80227 was sold on January 18, 2024 for a notable sum of $1,410,000. The asset, a single-family home, boasts 3,022 square feet of built-up area.

In recent months, the Lakewood market has seen 179 sales of similar single-family homes. The average sale price stands at $728,277, significantly lower than the sale price of the property in question. The average square footage for these buildings is 1,772, illustrating that homes are typically smaller, which ties in with an average cost per square foot of $411.

Focusing on the more specific 80227 area, there have been 39 recent sales of comparable single-family properties. The average selling price in this zip code was approximately $880,189, again underlining the standout price of the 3400 S Reed property. The equivalent properties in zip code 80227 offer an average square footage of 2,137, with a comparable average cost per square foot at $412.

Source: Jefferson County Assessor’s Office