




5396 Balsam Street, Arvada, CO, 80002
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
Schools
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
- Lightning
- Inland Flooding
- Tornado
- Winter Weather
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,781 | $33,372 |
| Home Insurance * | $236 | $2,832 |
| Property Taxes | $242 | $2,904 |
| Electricity | $186 | $2,232 |
| Total | $3,445 | $41,340 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Price change | $700,000 |
| 2026-04-14 | Listed for sale | $745,000 |
| 2026-03-09 | Pending sale | $745,000 |
| 2025-12-23 | Listed for sale | $745,000 |
