NOT LISTED FOR SALE
7 Beds
4 Baths
4,307 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: June 24, 2022

Last sale price $2,400,000 $557 Per Sq Ft

2 Days on Market

Highlights

  • City View
  • Deck
  • Main Floor Bedroom
  • Flatirons Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Beach Park

About This Home

As of June 2022

A developer's dream, the opportunity to purchase in this specific location is exceptionally rare. Classic Turn of the Century University Hill Home presented as 3 High-Density Legal units & high-density cottage in back! Always rented for top dollar, this gem stands out with current cash flow and unlimited potential for future development. Closer to 13th and College than anything else, the property is 1 block to CU Campus, and sits in the heart of University Hill. No HOA! Each unit is unique and full of character and charm - 7 total doors with three 2BR/1BA Units in the main building (1073), and a special 1BR/1BA Cottage in back (1071). Tenants pay all utilities.

Last Agent to Sell the Property

David Marvin

Marvin Gardens Real Estate License #100023637 Listed on: 04/23/2022

Last Buyer's Agent

Jay Hebb

The Agency - Boulder License #40036182

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,116

Year Built

  • Built in 1902

Lot Details

  • 6,051 Sq Ft Lot
  • East Facing Home
  • Level Lot

Parking

  • Alley Access

Home Design

  • Victorian Architecture
  • Cottage
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,307 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Wood Frame Window
  • Wood Flooring
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms
  • Primary bathroom on main floor
  • Walk-in Shower

Outdoor Features

  • Deck
  • Exterior Lighting

Location

  • Property is near bus stop

Schools

  • University Hill Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Air Conditioning
  • Radiator
  • Hot Water Heating System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0008384

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • University Place Subdivision

Building Details

  • Gross Income $113,692
  • Net Operating Income $98,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,116

Year Built

Built in 1902

Lot Details

6,051 Sq Ft Lot

Listing Details

  • Year Built: 1902
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: University Place
  • Directions: From 13th & College on the Hill in Boulder, head south on 13th - Property is on the West side of 13th, very near the corner of 13th & College
  • Architectural Style: Cottage/Bung, Victorian
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Legal Conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4307
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Single Family, Multi-Family, Commercial or Industrial, Additional Units
  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher, Refrigerator, All Appliances
  • Accessibility Features: Level Lot, Near Bus, Main Floor Bath, Main Level Bedroom, Stall Shower
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 7
  • Fireplace Features: Single Fireplace
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Satellite Avail, High Speed Internet, Eat-in Kitchen
  • Window Features: Window Coverings, Wood Frames
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Direction Faces: East
  • Exterior Features: Lighting
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner, Ceiling Fan(s)
  • Electric: Electric, Separate Meter Electricity, Xcel Energy
  • Heating: Hot Water, Radiator, 2 or more Heat Sources
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: University Hill
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: MultiRes4+
  • Lot Size Sq Ft: 6051
  • Parcel #: R0008384
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8116

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 113691.6
  • Income Includes: ["Lease/Rents"]
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $2,400,000 -1.4% $557 / Sq Ft
04/23/2022 04/23/22 For Sale $2,435,000 -- $565 / Sq Ft
Source: IRES MLS

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 $11,151 $144,007 $103,225 $40,782
2024 $11,151 $144,007 $103,225 $40,782
2023 $11,151 $125,652 $114,101 $15,235
2022 $8,320 $86,360 $57,793 $28,567
2021 $8,116 $90,805 $60,768 $30,037
2020 $10,264 $117,918 $60,768 $57,150
2019 $10,107 $117,918 $60,768 $57,150
2018 $8,952 $103,248 $53,208 $50,040
2017 $8,671 $114,146 $58,824 $55,322
2016 $7,218 $83,381 $35,024 $48,357
2015 $6,835 $69,650 $27,860 $41,790
2014 $5,856 $69,650 $27,860 $41,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE963703

IRES MLS
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