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5396 Balsam Street, Arvada, CO, 80002

3beds
1baths
1,058sqft
$550,000
$520price/sqft
$3,445/moest. monthly cost
$137,800/yrincome needed

About This Home

Welcome to 5396 Balsam Street in the heart of Arvada! This 3-bedroom, 1-bath home sits on an expansive 25,265 sq. ft. lot offering a rare opportunity for both homeowners and investors. The property’s generous size and multi-unit zoning create outstanding development potential—whether you envision building additional residences, exploring income-producing opportunities, or designing your own dream retreat. The existing home provides comfortable living with three well-sized bedrooms, a full bath, and a functional floor plan. Surrounded by mature trees and open space, the oversized lot delivers a sense of privacy while still being close to everything Arvada has to offer. Enjoy easy access to Olde Town Arvada’s shops, dining, and light rail, as well as nearby parks, schools, and major commuter routes. This property combines current livability with incredible future upside—making it a truly unique find in today’s market. Additionally, the owners of several adjacent properties are willing to sell for the right price so a larger assemblage would be an option. The subject property is zoned R13 and the parcels to the North are zoned R24 so the possible density options are attractive. Consult with Arvada City planning to fully understand the potential. Don’t miss the chance to own a piece of Arvada with very attractive development possibilities!

Getting Around

34
WalkingCar-Dependent
40
TransitSome Transit
66
BikeBikeable

Schools

3/10
2/10
Arvada K-8Grades K-80.5 mi
3/10
Arvada High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1949

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Oven,Refrigerator,Washer
  • Laundry features: Laundry Closet

Bathroom

  • Level: Main
  • Area: 53.69
  • Dimensions: 7 x 7.67

Bedroom

  • Level: Main
  • Area: 130.8811
  • Dimensions: 10.33 x 12.67

Bedroom

  • Level: Main
  • Area: 108.465
  • Dimensions: 10.33 x 10.5

Bedroom

  • Level: Main
  • Area: 100.1286
  • Dimensions: 11.67 x 8.58

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 83.8389
  • Dimensions: 9.67 x 8.67

Features

  • No Stairs
  • Flooring: Carpet,Vinyl,Wood
  • Finished area above ground: 1,058

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,058
  • Total interior livable area: 1,058 sqft

Kitchen

  • Level: Main
  • Area: 171.6425
  • Dimensions: 9.67 x 17.75

Laundry

  • Level: Main
  • Area: 14
  • Dimensions: 7 x 2

Living Room

  • Level: Main
  • Area: 129.7714
  • Dimensions: 9.67 x 13.42

Property

Details

  • Parcel number: 004272
  • Zoning: R 13
  • Special condition: Standard
  • Exclusions: Personal Property

Features

  • Levels: One
  • Stories: 1
  • Entry location: Ground
  • Patio & porch: Deck,Front Porch
  • Fencing: Partial

Lot

  • Lot size: 0.58 Acres
  • Features: Level,Sloped,Subdividable

Parking

  • Total spaces: 8
  • Parking features: Circular Driveway,Oversized
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Lightning
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Hail
Lightning
Inland Flooding
Tornado
Winter Weather
Strong Wind

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$236$2,832
Property Taxes $242$2,904
Electricity $186$2,232
Total$3,445$41,340
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$118,114/yr
40% on housing$103,350/yr
45% on housing$91,866/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.9%
13.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.3%
4.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$520This listing

vs Other Active Listings

Avg $/sqft

ZIP 80002$197
Jefferson County$240

vs Homes Sold Last Month

Median $/sqft

ZIP 80002$309
Jefferson County$277

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-16Price change$700,000
2026-04-14Listed for sale$745,000
2026-03-09Pending sale$745,000
2025-12-23Listed for sale$745,000

For Sale by Agent

AgentDonald Betts
BrokerageeXp Realty, LLC

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