NOT LISTED FOR SALE
5 Beds
6 Baths
2,702 Sq Ft
4,732 Sq Ft Lot

Sale Details

Date Sold: April 17, 2023

Last sale price $2,160,000 $799 Per Sq Ft

12 Days on Market

Highlights

  • City View
  • No HOA
  • Patio
  • Flatirons Elementary School Rated A
  • Brick Veneer
  • Forced Air Heating System

About This Home

As of April 2023

1216 Pleasant Street is a six unit apartment building in a prime location on University Hill. There are 4 one-bed apartments and 2 studio apartments all leased through 07/2023. Existing rents total $125,040 per annum + additional fees for grounds and utilities. Pre-leasing for the 2023-2024 school year is underway. Projected rents are $138,120 and additional income is: $85/mo/unit for utility fund + $30/mo/unit for grounds + $300/month estimated for parking. Students love 1216's proximity to CU Campus, living in private units that have been fully updated and having shared laundry and parking onsite.

Last Agent to Sell the Property

Heidi Schamber

Market Real Estate License #100035303 Listed on: 02/28/2023

Co-Listed By

Todd Walsh

Market Real Estate License #40036156

Last Buyer's Agent

Jay Hebb

The Agency - Boulder License #40036182

The Agency - Boulder
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,964

Year Built

  • Built in 1920

Lot Details

  • 4,732

Parking

  • Alley Access

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,702 Sq Ft Home
  • 3-Story Property
  • City Views
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

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

Additional Features

  • 4,732 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, parking fee
  • Assessor Parcel Number R0006617

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Capitol Hill Bo Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $150,000
  • Net Operating Income $117,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,964

Year Built

Built in 1920

Lot Details

4,732 Sq Ft Lot

Listing Details

  • Year Built: 1920
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.11
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: TODWAL
  • Subdivision Name: CAPITOL HILL - BO
  • Directions: From Broadway, head west on Pleasant Street and the property is on the left, just after the alley.
  • Unit Levels: Tri-Level
  • New Construction: No
  • Building Stories: 3
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2702
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances
  • Has Basement: Partial
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks
  • View: City
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel Energy
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: RH-2
  • Lot Size Sq Ft: 4732
  • Parcel #: R0006617
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Parking Fee

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10964

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 150000
  • Income Includes: ["Lease/Rents","Common Area Fees"]

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

Closed on
Nov 1, 2023
Sold by
1216 Pleasant St Llc
Bought by

Purchase Details

Listed on
Feb 28, 2023
Closed on
Apr 17, 2023
Sold by
Topflight Llc
Bought by
1216 Pleasant St Llc
Seller's Agent
Heidi Schamber
Market Real Estate
Buyer's Agent
Jay Hebb
The Agency - Boulder
List Price
$2,200,000
Sold Price
$2,160,000
Premium/Discount to List
-$40,000
-1.82%
Views
20

Purchase Details

Closed on
Apr 19, 2021
Sold by
High Peaks Realty Llc
Bought by
Topflight Llc and Chatfield Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 3, 1997
Sold by
Tema Robert P
Bought by
High Peaks Realty Llc

Purchase Details

Closed on
Jun 3, 1993
Bought by
High Peaks Realty Llc

Purchase Details

Closed on
Mar 18, 1991
Bought by
High Peaks Realty Llc

Purchase Details

Closed on
Apr 21, 1975
Bought by
High Peaks Realty Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in University Hill, CO

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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
$478,723 First American
1216 Pleasant St Llc $2,160,000 First American Title
Topflight Llc $1,665,000 First American Title
High Peaks Realty Llc $365,000 --
High Peaks Realty Llc $310,000 --
High Peaks Realty Llc $249,500 --
High Peaks Realty Llc $22,000 --
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
Previous Owner $1,300,000
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
04/17/2023 04/17/23 Sold $2,160,000 -1.8% $799 / Sq Ft
02/28/2023 02/28/23 For Sale $2,200,000 -- $814 / 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 -- $144,554 $99,307 $45,247
2025 -- $144,554 $99,307 $45,247
2024 $14,460 $132,863 $91,275 $41,588
2023 $14,460 $162,234 $100,889 $65,030
2022 $10,964 $113,220 $65,688 $47,532
2021 $10,697 $119,048 $69,069 $49,979
2020 $9,336 $107,250 $69,069 $38,181
2019 $9,193 $107,250 $69,069 $38,181
2018 $7,803 $90,000 $47,232 $42,768
2017 $7,559 $124,734 $52,218 $72,516
2016 $6,746 $77,928 $32,954 $44,974
2015 $6,388 $70,494 $30,009 $40,485
2014 $5,927 $70,494 $30,009 $40,485
Source: Public Records

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Map

Source: IRES MLS

MLS Number: IRE982616

IRES MLS

APN: 1463-31-2-35-003

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