The University Park and Observatory Park area boasts an established, beautiful neighborhood with upscale homes, gorgeous tall trees and several parks. To top that off, the University of Denver campus is right next door. The DU campus is filled with beautiful architecture and offers nearby residents a sense of local pride as well as countless restaurants and shops. Homes in this area have evolved in the last decade with many stunning original homes alongside large, luxury new construction homes.
Property Types(active listings)
Average Price:$1,004,925
Total Listings:57
Avg. Days On Market:74
Avg. Price/SQFT:$400
Highest Price:$3,323,000
Lowest Price:$215,000
Avg. Property Age:106 YEARS
Basic Statistics(active listings)
Listings in Denver's University Park & Observatory Park Neighborhood
New Construction Homes: Typically, building a new construction custom home in University Park or Observatory Park involves purchasing a small, outdated home to scrape and then building a new home in its place. Although many small homes do still exist in this area, the price to buy these can start at a whopping $400,000-$500,000 and, more than likely, many of these homes will no longer be there in another decade or so. The new construction and existing homes in University Park are priced lower than Observatory Park, offering a great option for folks wanting a little more square footage for their money.
If you are interested in a new construction home, please let us know. We specialize in new construction, helping clients from start to finish. We can help you find your ideal lot, choose a builder, create a floor plan and ultimately will be there to help until you move into your brand new home. We've worked with both locals and people relocating to the Denver area and would love to help you as well!
Observatory Park: Observatory Park itself is located at Evans & S. Fillmore amidst huge trees and plenty of green grass. At the center of this serene park you'll find the Chamberlin Observatory, the inspiration for the park’s name. Chamberlin Observatory was one of many buildings designed by famous Denver architect, Robert Roeschlaub. The dome houses a 20 inch aperture Clark-Saegmuller refractor, which saw first light in July 1894, and is still “functional” today.
Top-Ranking College Nearby:Ranking at 85, University of Denver, known to the locals as D.U., enrolls about 10,400 students in its undergraduate, graduate and professional programs and is considered a Doctoral/Research University-Extensive. In recent years the university has invested $450 million in its campus building 13 new academic, residential and administrative buildings. You can only imagine what this investment is doing for home value and quality of life in the surrounding area!
Boundaries: The boundaries for University Park and Observatory Park are I-25 to the North, Yale to the South, University Blvd to the West, Colorado to the East.
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Listing information last updated on September 19th, 2020 at 12:15am MDT.
LIV Sotheby's International Realty Status: Active
