Residential Property in Arvada Sells Well Above Area’s Average

A residential property located at 5355 Allison St, Arvada 80002 has been sold on February 28, 2024, for a hefty price of $1,850,000. The property is categorized as a single-family home, with a building size of 816 square feet.

The sale stands out as it significantly surpasses the likes of 270 other similar sales in Arvada recorded over recent months. The average price of those properties hovered around $661,898, which means that the Allison St property was sold for nearly triple the average sales price in that area. The average building size of the sold properties in the region is also notably higher at 1,758 square feet, with a cost of around $377 per square foot.

Furthermore, 31 other sales of a similar property type were made in the 80002 area. The typical sales price for these properties stood at $598,285. The buildings on these properties had an average size of approximately 1,460 square feet. This area experienced a marginally higher price per square foot at $410.

This sale, therefore, represents a noteworthy transaction in the residential property market of the Arvada region, significantly veering from the average pricing trends.

Source: Jefferson County Assessor’s Office