Done Deal

The sign proclaims that the Old Safeway property, as we in the neighborhood still refer to it, is now the Central Denver Recreation Center site. But the current use seems to be a homeless bedroom.

Reading the Denver Property Assessment Records is a bit of a challenge. To see for yourself go here. The address is 1530 Josephine.


From what I can make out, the property sold for $400,000 in August of 2005, for about $1,000,000 sometime later (records not available), and was assessed at $3,350,000 when the City paid $6,000,000 for it on March 9, 2010. The tax payment is listed as $971,500, although I don't believe the City will be paying tax to itself.

So we paid almost twice the current assessed value, and took $971,500 off of the tax roll for the next ___ years. You fill in the blank as to how long you think this will take.

I can't help but wonder who Beverly A. Clark is. Her name has been associated with the property since 1987.

From the records:

Property Address: 1530 JOSEPHINE ST Tax District 188A
Assessment Information
Taxable
Current Year: 971500

Year Built: 1963 Recording Date: 03/09/10
Building Sqr. Foot: 28,666 Document Type: Warranty
Sale Price: 6000000
Mill Levy: 72.985

Lot Size: 111,408 Zoning Used for Valuation: MS3


PROPERTY INFORMATION
Property Type: INDUSTRIAL - CONVERTED CHURCH Parcel: 0236300007000
Name and Address Information Legal Description
CITY & COUNTY OF DENVER STATE ADD B18 ; 19 DIF
RCP #0069373 RCD 12-29-86

Property Address: 1530 JOSEPHINE ST Tax District 188A


** CHAIN OF TITLE **

Warranty Deed 08/19/2005 $400,000 CLARK,BEVERLY A
B.A. CLARK INVESTMENTS
0000195762 10/15/1987 Quit Claim Deed 10/15/1987 CLARK,BEVERLY A