Neighborhood of Platt Park - Denver, CO - May 2016
Platt Park in Denver is a 100-block square originally called Town of South Denver named in 1897 after James Platt, who mysteriously drown in Georgetown in 1895. The trolley cars still ran in the early 1900's on Old South Pearl Street. This historic neighborhood exudes character and charm with many turn-of-the-century homes along with new modern homes.
The boundaries of the neighborhood of Platt Park are Broadway, Mississippi, Evans & Downing. The bordering neighborhoods are DU, Washington Park and Observatory Park, with Platt Park being the more affordable neighborhood. Over the years, all of these neighborhoods have enjoyed double digit value increases and Platt Park has enjoyed the Seller's market for the last couple of years. The neighborhood is located in 80210 zip code.
LOCATION, LOCATION, LOCATION - Platt Park is within walking distance to the light rail (Louisiana Street Station), minutes to Denver University, 15 minutes to downtown Denver and 15 minutes to the Denver Tech Center. Now you can even take the light rail all the way to Denver International Airport. Platt Park offers the namesake park for outdoor enthusiasts, the recreation center located just to the north of the park and the seasonal Farmers Market is a popular location. The Decker Library was named after Sarah S. Platt Decker who was married to James Platt. Most homes have a high walk score, as you are within walking distance to coffee shops and several restaurants.
Old South Pearl Street is a very popular destination and has been named as "Main Street" for foodies, where you will find trendy restaurants with many dining opportunities from burgers & pizza to sushi and Indian food. You will find coffee shops, salon/spas, bicycle shops, wine shops and boutique shops. The quaint streets are illuminated by gas lamps.
The 1st Friday of each month, you can enjoy the "Art Walk" in the South Broadway District in the Antique Row, with many galleries.
The Median age is 35, 49% of residents are college grads, average family size is 3.25, population is 5,584 and average household income is $80,000.
The schools for Platt Park are - Asbury & McKinley-Thatcher Elementary schools, Grant Middle School & South High School.
Purchasing a home in the Denver Real Estate market you will find many types of property within Platt Park, single family and townhomes built from the late 1890's to new modern construction. The uniqueness of this neighborhood is charming!
Here is how Platt Park's real estate market is doing -
Actives - 15 ranging from $310,000 to $1,589,888 with 31 average days on market
Under Contracts - 18 ranging from $186,600 to $859,000 with 6 average days on market
Here is what happened with the SOLD property for all of 2015 -
116 properties sold with an average 25 days on market
Average SOLD price was $534,282
Sellers saw 100.41% to list price
Homes ranged from 575 square feet to 5,075 and were built from 1885 to 2015
How was the market in May 2016?
Solds - 18 properties ranging from $299,500 to $946,000
Days on Market - 4 days on market
Sellers saw 100.01% to list price
Homes sold were built from 1895 to 2016
Average Sold price was $505,000
Want to know what those active properties look like? Here are the homes for sale in Platt Park for your convenience. TRI Pointe Homes has a few brand new homes to choose from and well as a few scrapes that are now new construction homes. This will give you the live link to all active listings no matter when you look!