NOT LISTED FOR SALE
7 Beds
4 Baths
2,702 Sq Ft
5,140 Sq Ft Lot

Sale Details

Date Sold: December 27, 2022

Last sale price $2,000,000 $740 Per Sq Ft

132 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • 1-Story Property
  • Flatirons Elementary School Rated A
  • Forced Air Heating System

About This Home

As of December 2022

*** Update: Seller offering $20K credit for closing costs, prepaid, and/or rate buy-down. *** Check out this fantastic Boulder investment property opportunity! Get two properties for one! This unique property consists of a detached house (1022 Pleasant St) and a separate duplex with 1 bedroom/1 bath units on each side (1020 Unit A&B). The house is located behind the duplex and has 5 bedrooms (4 bedrooms plus one flex room ) and 2.5 bathrooms. The property is already pre-leased until Aug 2023. Rent roll ($125,460 gross rents) and Cap Rate (4.7%) documents available. The property is the ideal student rental located close to CU campus, public transportation, restaurants, shops! Act fast on this great opportunity!

Last Agent to Sell the Property

Bianca Griffith

RE/MAX of Boulder, Inc License #100097818 Listed on: 06/10/2022

Last Buyer's Agent

Michael Greenwood

RE/MAX of Boulder, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,063

Year Built

  • Built in 1926

Lot Details

  • 5,140

Home Design

  • Brick Veneer
  • Wood Frame Construction

Interior Spaces

  • 2,702 Sq Ft Home
  • 1-Story Property
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Schools

  • Flatirons Elementary School
  • Manhattan Middle School
  • Boulder High School

Additional Features

  • 5,140 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0006969

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Capitol Hill Subdivision

Building Details

  • Gross Income $122,951
  • Net Operating Income $106,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,063

Year Built

Built in 1926

Lot Details

5,140 Sq Ft Lot

Listing Details

  • Year Built: 1926
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.12
  • Subdivision Name: Capitol Hill
  • Directions: The duplex (1020) is located on Pleasant Street facing the street and the detached house (1022) is located behind the duplex accessible by walking past the duplex (on the left side) or from the back alleyway road.
  • Architectural Style: Ranch
  • Unit Levels: One, Bi-Level
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2702
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Gas Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Other
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Boulder
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Flatirons
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: HRE
  • Lot Size Sq Ft: 5140
  • Parcel #: R0006969
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 122950.8

Tax Info

  • Tax Annual Amount: 8063

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Dec 6, 2022
Sold by
Bought by
Seller's Agent
Bianca Griffith
RE/MAX of Boulder, Inc
Buyer's Agent
Michael Greenwood
RE/MAX of Boulder, Inc
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,600,000
Interest Rate
0.0576%

Purchase Details

Closed on
Jun 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 1992
Bought by

Purchase Details

Closed on
Sep 27, 1988
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,000,000 Land Title
$335,000 --
-- --
$325,000 --
$123,600 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $4,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/27/2022 12/27/22 Sold $2,000,000 -5.6% $740 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
08/02/2022 08/02/22 Price Changed $2,119,000 -1.4% $784 / Sq Ft
06/14/2022 06/14/22 For Sale $2,150,000 -- $796 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $9,970 $110,997 $64,729 $46,268
2025 $9,970 $110,997 $64,729 $46,268
2024 $9,428 $102,019 $59,494 $42,525
2023 $9,257 $104,587 $61,010 $47,262
2022 $8,299 $86,946 $50,177 $36,769
2021 $8,063 $91,062 $52,760 $38,302
2020 $7,454 $85,636 $45,689 $39,947
2019 $7,340 $85,636 $45,689 $39,947
2018 $6,558 $75,636 $30,240 $45,396
2017 $6,352 $83,620 $33,432 $50,188
2016 $5,466 $63,138 $25,233 $37,905
2015 $5,176 $50,275 $22,845 $27,430
2014 $4,227 $50,275 $22,845 $27,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE968197

IRES MLS
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