Value-Add Equity Opportunity — 3701 E 118th Ave, Thornton, CO
Unlock the potential in this solid Thornton ranch with a fully finished basement, original hardwood floors, and a huge fenced lot—the perfect setup for buyers looking to add value, create equity, or customize a home to their style.
The main level features 2 bedrooms and 1 full bath, hardwood flooring, and great natural light throughout the living and dining areas. The kitchen is clean and functional, offering a blank canvas for future upgrades or a full modern redesign.
Downstairs, the updated basement includes new carpet, one full bedroom, a bathroom, and a bonus room (non-conforming)—a flexible space ideal for a home office, gym, guest suite, or conversion to a conforming bedroom for added value.
Outside, the property sits on an expansive lot with plenty of room to build out outdoor living, garden, or explore future improvements such as a larger patio, workshop, or additional storage. No HOA means more freedom for updates and long-term planning.
Key Investor / Value-Add Highlights:
Strong layout for cosmetic upgrades
Potential for 4th conforming bedroom (egress installation)
Large lot with room for expanded outdoor living
Finished basement increases rental or resale versatility
Solid structure, original character, and opportunity to modernize
Attached 2-car garage + updated mechanicals
Easy access to parks, schools, shopping, and I-25 for commuter appeal
This home offers immediate livability with long-term upside, making it ideal for investors, first-time buyers seeking equity growth, or anyone ready to create value in a great Thornton location.
Coming soon 12/11
$415,000
3701 E 118th Avenue, Thornton, CO 80233
3beds
1,700sqft
Est.:
Single Family Residence
Built in 1972
7,810 Square Feet Lot
$-- Zestimate®
$244/sqft
$-- HOA
What's special
- 5 days |
- 387 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 09:30pm
Listed by:
Trevor Stonehouse 720-432-3320 trevstonehouse@gmail.com,
Keller Williams Advantage Realty LLC
Source: REcolorado,MLS#: 1592067
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Basement
Bathroom
- Level: Main
Bathroom
- Level: Basement
Bonus room
- Level: Basement
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Carpet, Wood
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
- Finished area above ground: 850
- Finished area below ground: 680
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Exterior Access Door, Lighted
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,810 Square Feet
Details
- Parcel number: R0026511
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Frame
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Woodglen
HOA
- Has HOA: No
Location
- Region: Thornton
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $441,000
- Annual tax amount: $2,865
- Date on market: 12/11/2025
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,Other
- Exclusions: Sellers Personal Property
- Ownership: Individual
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2005 | Sold | $205,000+10.8%$121/sqft |
Source: Public Record Report a problem | ||
| 5/23/2002 | Sold | $184,950+110.2%$109/sqft |
Source: Public Record Report a problem | ||
| 2/16/1994 | Sold | $88,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,865 +1% | $27,560 -12.2% |
| 2024 | $2,836 +10.8% | $31,390 |
| 2023 | $2,560 -3.2% | $31,390 +35.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,380/mo
Principal & interest
$2024
Property taxes
$211
Home insurance
$145
Climate risks
Neighborhood: Woodglen
Nearby schools
GreatSchools rating
- 5/10Woodglen Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Century Middle SchoolGrades: 6-8Distance: 2 mi
- 6/10Mountain Range High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Woodglen
- Middle: Century
- High: Mountain Range
- District: Adams 12 5 Star Schl
Source: REcolorado. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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