$790,000
SOLD NOV 20, 2024

1065 University Ave Unit 123 Boulder, CO 80302

University Hill Neighborhood
3 Beds
1.5 Baths
992 Sq Ft
$310/mo HOA Fee

Recently Sold

$796 Per Sq Ft

7% Below List Price

12 Days on Market

Highlights

  • 0.96 Acre Lot
  • Open Floorplan
  • Granite Countertops
  • Flatirons Elementary School Rated A
  • Contemporary Architecture
  • Balcony

About This Home

As of November 2024

INCOME PROPERTY -- OR THE PERFECT PLACE TO STAY WHILE ATTENDING SCHOOL -- YOU DECIDE! Beautifully remodeled 3BR/1.5BA condo less than a block from CU Boulder's main campus and a bike ride to Boulder's famed Pearl Street walking mall. Get in on a fantastic investment that could provide an annuity for years to come. Main floor kitchen welcomes with contemporary cabinets and stunning granite countertops. Low-maintenance plank flooring and newer paint provide a gracious and welcoming living area. Main floor bedroom feels like a private retreat with a wide balcony to enjoy a quiet moment. Convenient powder room on main floor. Downstairs, two spacious bedrooms with generous closet space flank a modern bathroom where efficiency meets style. One assigned parking space. Photos shown were taken during turnover period between tenants, but unit is currently occupied. So much work has already been done you'll be able to close right away and enjoy the fruits of someone else's labor. For the 2024-25 lease currently in place -- Gross income: $55,680. CAP RATE: 6.5%. Come and discover your next great investment!

Last Agent to Sell the Property

Maria Wakefield

Pear Tree Property Management Brokerage Phone: 303-506-9956 License #100072231 Listed on: 10/21/2024

Last Buyer's Agent

Kelly McBartlett

Compass Colorado, LLC - Boulder License #100042503

Compass Colorado, LLC - Boulder

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,165

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • Two or More Common Walls
  • West Facing Home

HOA Fees

  • $310 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 992 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Vinyl Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Finished Basement

  • Bedroom in Basement
  • 2 Bedrooms in Basement

Home Security

Parking

  • 1 Parking Space
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Outdoor Features

  • Balcony

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Owner's and tenants' personal possessions
  • Assessor Parcel Number R0103603

Community Details

Overview

  • Association fees include reserves, gas, heat, insurance, irrigation, ground maintenance, maintenance structure, recycling, sewer, snow removal, trash, water
  • University Townhouse Condominium Association, Phone Number (303) 402-6900
  • Low-Rise Condominium
  • University Townhouse Condominium Community
  • University Hills Subdivision
  • Community Parking

Amenities

  • Courtyard
  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,165

Year Built

Built in 1968 | Remodeled

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Structure Type: Low Rise (1-3)
  • Levels: One
  • Building Name: University Townhouse Condominium
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 992
  • Entry Location: Courtyard
  • Exclusions: Owner's and tenants' personal possessions
  • Living Area: 992
  • Pets Allowed: No
  • Property Condition: Updated/Remodeled
  • SubdivisionName: University Hills
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 1
  • REC_BasementLevelBedrooms: 2
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 0.92952
  • Attribution Contact: 303-506-9956
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, Kitchen Island, Open Floorplan
  • Flooring: Vinyl
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Common Walls: 2+ Common Walls
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 3
  • Entry Level: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Exterior Features

  • Direction Faces: West
  • Foundation Details: Slab
  • Roof: Unknown
  • Construction Materials: Brick, Frame
  • Exterior Features: Balcony
  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Total Parking Spaces: 1
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard
  • Water Source: Public
  • Laundry Features: Common Area
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Reserves, Gas, Heat, Insurance, Irrigation, Maintenance Grounds, Maintenance Structure, Recycling, Sewer, Snow Removal, Trash, Water
  • Association Name: University Townhouse Condominium Association
  • Association Fee Frequency: Quarterly
  • Association Amenities: Laundry, Parking
  • Association Fee: 930
  • Phone: (303) 402-6900
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 3720.00
  • REC_AssociationFeeTotalAnnual: 3720.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_MultipleAssociationsYN: 0
  • REC_AssociationURL: https://boomprop.cincwebaxis.com/
  • REC_AssociationPrivateTransferPercentageOrFee: $0
  • REC_AssociationStatusLetterPercentageOrFee: $100
  • REC_AssociationTransferAmount: $0

Schools

  • Middle Or Junior School: Manhattan

Lot Info

  • Parcel Number: R0103603
  • Lot Size Acres: 0.96
  • Fencing: None
  • Building Area Total: 992
  • Lot Size Sq Ft: 41691
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Energy Efficient: Appliances, Windows

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3165

MLS Schools

  • Elementary School: Flatirons
  • High School: Boulder

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Dec 2, 2024
Sold by
Calhoun Jeffrey and Calhoun Meredith
Bought by
Pbandjmc Llc
Seller's Agent
Maria Wakefield
Pear Tree Property Management
Buyer's Agent
Kelly McBartlett
Compass Colorado, LLC - Boulder
List Price
$849,900
Sold Price
$790,000
Premium/Discount to List
-$59,900
-7.05%
Total Days on Market
12
Views
7
Current Estimated Value
$784,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,739
Avg. Annual Appreciation
-1.32%

Purchase Details

Listed on
Oct 21, 2024
Closed on
Nov 20, 2024
Sold by
Philly Special 1065 Llc
Bought by
Calhoun Jeffrey and Calhoun Meredith
Seller's Agent
Maria Wakefield
Pear Tree Property Management
Buyer's Agent
Kelly McBartlett
Compass Colorado, LLC - Boulder
List Price
$849,900
Sold Price
$790,000
Premium/Discount to List
-$59,900
-7.05%
Views
7

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 16, 2018
Sold by
Merrills James Stuart
Bought by
Philly Special 1065 Llc
Seller's Agent
Mark Holmes
Coldwell Banker Realty-Boulder
Buyer's Agent
Mark Holmes
Coldwell Banker Realty-Boulder
List Price
$465,000
Sold Price
$480,000
Premium/Discount to List
$15,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$353,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 2, 2018
Closed on
Apr 2, 2018
Sold by
Merrills Simon and Merrills Hazel
Bought by
Merrills James Stuart
Seller's Agent
Mark Holmes
Coldwell Banker Realty-Boulder
Buyer's Agent
Mark Holmes
Coldwell Banker Realty-Boulder
List Price
$465,000
Sold Price
$480,000
Premium/Discount to List
$15,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 2, 2007
Sold by
Tenne Gil and Tenne Nevet
Bought by
Merrills Simon

Purchase Details

Closed on
Jun 29, 2004
Sold by
Ahlstrand Edward A and Ahlstrand Edward A
Bought by
Tenne Gil and Tenne Nevet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.93%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 19, 1992
Bought by
Merrills Simon and Merrills Hazel

Purchase Details

Closed on
Aug 31, 1990
Bought by
Merrills Simon and Merrills Hazel

Purchase Details

Closed on
Aug 19, 1987
Bought by
Merrills Simon and Merrills Hazel

Purchase Details

Closed on
Sep 6, 1985
Bought by
Merrills Simon and Merrills Hazel
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Special Warranty Deed $790,000 First American Title
Warranty Deed $480,000 Guardian Title
Interfamily Deed Transfer -- None Available
Warranty Deed $258,500 Guardian Title Agency
Warranty Deed $210,000 Land Title Guarantee Company
Interfamily Deed Transfer -- Land Title Guarantee Company
Quit Claim Deed -- Land Title Guarantee Company
Deed -- --
Deed $37,300 --
Special Warranty Deed $71,400 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $353,000 Adjustable Rate Mortgage/ARM
Previous Owner $168,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $790,000 -4.2% $796 / Sq Ft
10/31/2024 10/31/24 Price Changed $825,000 -2.9% $832 / Sq Ft
10/21/2024 10/21/24 For Sale $849,900 +77.1% $857 / Sq Ft
05/14/2018 05/14/18 Sold $480,000 +3.2% $484 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $465,000 -- $469 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

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
2024 $3,223 $39,950 -- $39,950
2023 $3,165 $35,779 -- $39,464
2022 $3,168 $33,311 $0 $33,311
2021 $3,025 $34,270 $0 $34,270
2020 $2,911 $33,441 $0 $33,441
2019 $2,866 $33,441 $0 $33,441
2018 $2,199 $25,358 $0 $25,358
2017 $2,130 $28,035 $0 $28,035
2016 $2,257 $26,069 $0 $26,069
2015 $2,137 $21,460 $0 $21,460
2014 $1,845 $21,460 $0 $21,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7129264

REcolorado®

APN: 1463312-53-022