Seller's Agent in 2023
Andy Burgess
Compass - Boulder
(303) 301-4718
7 in this area
196 Total Sales
1034 Pleasant St Boulder, CO 80302
University Hill Neighborhood
7
Beds
4
Baths
2,764
Sq Ft
5,065
Sq Ft Lot
Highlights
- Deck
- Wood Flooring
- Wood Frame Window
- Flatirons Elementary School Rated A
- No HOA
- Brick Veneer
About This Home
As of March 2023Estate liquidation. Burgess Group, Compass is proud to present 1034 Pleasant St, a recently updated four-unit, 7 bedroom, 4 bath property in the heart of University Hill in Boulder, CO. An easy walk to the CU campus, these cute units are very appealing and rent very consistently for steadily increasing rents. This well-maintained property has now been Fully rented for 2022-2023-2024. Has outstanding cash flow with a projected cap rate of 6.02 on a NOI of $120,424 with room for improvements and rent increases. With light and bright interiors, stackable washer and dryers in each unit, a no-maintenance yard, fenced in Astroturf lawn for sunbathing, Jellyfish LED exterior lights, electronic keypad access, and electric baseboard backup heat in each room, this property is both desirable to tenants and easy to manage. Over 109k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: http://bit.ly/1034_Pleasant
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,116
Year Built
- Built in 1957
Lot Details
- 5,065 Sq Ft Lot
- Property fronts an alley
- North Facing Home
- Partially Fenced Property
- Level Lot
Parking
- Alley Access
Home Design
- Brick Veneer
- Slab Foundation
- Wood Frame Construction
- Composition Roof
- Wood Siding
- Concrete Siding
- Composition Shingle
Interior Spaces
- 2,764 Sq Ft Home
- 1-Story Property
- Window Treatments
- Wood Frame Window
Kitchen
- Electric Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Painted or Stained Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
- Primary bathroom on main floor
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Deck
- Patio
- Exterior Lighting
Schools
- Flatirons Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Wall Furnace
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- Property is near a bus stop
Listing and Financial Details
- Tenant pays for deposit, gas, electricity, water, sewer, trash collection
- Assessor Parcel Number R0002370
Community Details
Overview
- No Home Owners Association
- 4 Units
- Capitol Hill Subdivision
Building Details
- Gross Income $136,440
- Net Operating Income $120,424
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2022
Closed on
Mar 23, 2023
Sold by
Smith Jason Wayne
Bought by
Gamma Kappa Sigma Nu Fraternity Association 1
Seller's Agent
Andy Burgess
Compass - Boulder
Buyer's Agent
Stacy Robinson
Robinson Investment Co., Inc.
List Price
$2,195,000
Sold Price
$1,960,000
Premium/Discount to List
-$235,000
-10.71%
Views
89
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,892,682
Outstanding Balance
$1,574,535
Interest Rate
6.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2022
Sold by
1034 Pleasant Street Llc
Bought by
Smith Jason Wayne
Purchase Details
Closed on
Nov 24, 2020
Sold by
Hartenstein Hugo and Hartenstein Olivia L
Bought by
1034 Pleasant Street Llc
Purchase Details
Closed on
Aug 20, 2008
Sold by
Hartenstein Hugo
Bought by
Hartenstein Hugo
Purchase Details
Closed on
Feb 24, 1976
Bought by
Hartenstein Hugo and Hartenstein Olivia L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gamma Kappa Sigma Nu Fraternity Association 1 | $1,980,000 | -- | |
| Smith Jason Wayne | -- | -- | |
| 1034 Pleasant Street Llc | -- | None Available | |
| Hartenstein Hugo | -- | None Available | |
| Hartenstein Hugo | $73,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gamma Kappa Sigma Nu Fraternity Association 1 | $1,892,682 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2023 03/23/23 | Sold | $1,960,000 | -1.8% | $709 / Sq Ft |
| 01/26/2023 01/26/23 | Price Changed | $1,995,000 | -9.1% | $722 / Sq Ft |
| 11/23/2022 11/23/22 | For Sale | $2,195,000 | -- | $794 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | -- | $109,544 | $94,444 | $15,100 |
| 2024 | $10,059 | $109,544 | $94,444 | $15,100 |
| 2023 | $10,059 | $113,009 | $104,393 | $12,301 |
| 2022 | $8,320 | $86,360 | $67,728 | $18,632 |
| 2021 | $8,116 | $90,805 | $71,214 | $19,591 |
| 2020 | $8,713 | $100,100 | $71,214 | $28,886 |
| 2019 | $8,580 | $100,100 | $71,214 | $28,886 |
| 2018 | $6,555 | $75,600 | $48,672 | $26,928 |
| 2017 | $6,349 | $103,401 | $53,810 | $49,591 |
| 2016 | $5,594 | $64,627 | $33,989 | $30,638 |
| 2015 | $5,298 | $61,562 | $26,188 | $35,374 |
| 2014 | $5,176 | $61,562 | $26,188 | $35,374 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Burgess
-
Catherine Burgess
Seller Co-Listing Agent in 2023
Catherine Burgess
Compass - Boulder
(303) 506-5669
5 in this area
161 Total Sales
-
Stacy Robinson
Buyer's Agent in 2023
Stacy Robinson
Robinson Investment Co., Inc.
(303) 817-8345
3 in this area
9 Total Sales
Map
Source: IRES MLS
MLS Number: 979139
APN: 1463312-37-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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