NOT LISTED FOR SALE

1453 Broadway St Boulder, CO 80302

University Hill Neighborhood

Estimated Value: $4,784,489

16 Beds
6 Baths
6,064 Sq Ft
$789/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $2,800,000 $462 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $25,367/month

89 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Wood Frame Window
  • Flatirons Elementary School Rated A
  • No HOA
  • 4-minute walk to Central Park

About This Home

As of April 2016

Great investment opportunity in prime location - steps from CU at the corner of Grandview and Broadway. This property has been kept in great condition by the tenants and has wood floors and lovely woodwork throughout the interior. This is a 16 bedroom home and the current tenants are the AGO fraternity, who have rented for about 13 years with very little rent increase for the past few years. Current rent averages $650 a room, which is below market. Property is leased through August 2016.

Last Agent to Sell the Property

Nicole Hembling

Equity Colorado-Front Range Listed on: 12/30/2015

Equity Colorado-Front Range

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,463

Year Built

  • Built in 1905

Lot Details

  • 6,042 Sq Ft Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 6,064 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wood Frame Window
  • Dining Room
  • Wood Flooring
  • Finished Basement

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Radiator
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0069148

Community Details

Overview

  • No Home Owners Association
  • Grandview Heights Subdivision

Building Details

  • Gross Income $153,600
  • Net Operating Income $129,337

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,463

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Year Built: 1905
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: Grandview Heights
  • Directions: From Broadway, turn West on University and North on 11th and East on Grandview. Property is on Corner of Grandview and Broadway.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 6064
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: 90%+ Finished Basement
  • Total Bedrooms: 16
  • Flooring: Wood Floors
  • Interior Amenities: Separate Dining Room, Open Floorplan
  • Window Features: Wood Frames
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Lawn Sprinkler System
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Hot Water, Radiator
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Water Source: City Water, City Of 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: BT-2
  • Lot Size Sq Ft: 6042
  • Parcel #: R0069148
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 9463

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 153600
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 24263

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Friars Corporation
Bought by
Friars Corporation
Current Estimated Value
$4,784,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,799,490
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
-$115,976

Purchase Details

Listed on
Dec 30, 2015
Closed on
Apr 27, 2016
Sold by
Glorycrest Trading Limited
Bought by
Friars Corporation
Seller's Agent
Nicole Hembling
Equity Colorado-Front Range
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$2,800,000
Sold Price
$2,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$2,100,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2010
Sold by
St John Derrel Llc
Bought by
Glorycrest Trading Limited

Purchase Details

Closed on
Oct 27, 2000
Sold by
Stuart St John Jamieson & James E Jt & Dan and Dorrell Carter E
Bought by
St John Dorrell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 1995
Sold by
Chicol House Corp
Bought by
Stjohn Jamieson S

Purchase Details

Closed on
May 29, 1981
Bought by
Friars Corporation

Purchase Details

Closed on
Aug 31, 1977
Bought by
Friars Corporation
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Friars Corporation -- None Listed On Document
Friars Corporation $2,800,000 Fidelity National Title Ins
Glorycrest Trading Limited $1,400,000 First Colorado Title
St John Dorrell Llc -- --
Stjohn Jamieson S $367,000 Commonwealth Land Title
Friars Corporation $200,000 --
Friars Corporation $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friars Corporation $5,000,000
Previous Owner Friars Corporation $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $2,800,000 -- --
04/27/2016 04/27/16 Sold $2,800,000 0.0% $462 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $2,800,000 -- $462 / Sq Ft
Source: IRES MLS

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
2025 -- $330,506 $103,150 $227,356
2024 -- $330,506 $103,150 $227,356
2023 $0 $344,936 $100,587 $244,349
2022 $0 $343,331 $51,361 $291,970
2021 $75 $353,211 $52,839 $300,372
2020 $0 $166,095 $52,839 $113,256
2019 $0 $166,095 $52,839 $113,256
2018 $0 $167,256 $53,208 $114,048
2017 $4,464 $184,910 $58,824 $126,086
2016 $10,001 $115,532 $37,094 $78,438
2015 $9,470 $110,063 $41,312 $68,751
2014 $9,254 $110,063 $41,312 $68,751
Source: Public Records

Agents Affiliated with this Home

  • Nicole Hembling

    Seller's Agent in 2016

    Nicole Hembling

    Equity Colorado-Front Range

    (303) 883-3937

    8 Total Sales

    Nicole Hembling
    Section Image

  • N

    Buyer's Agent in 2016

    Non-IRES Agent

    CO_IRES

See All Agents

Map

Source: IRES MLS

MLS Number: 781006

IRES MLS

APN: 1463312-26-002

Colorado Boulder County Boulder 80302 University Hill

1453 Broadway St, Boulder, CO

This home is located at 1453 Broadway St, Boulder, CO 80302 since 30 December 2015 and is currently estimated at $4,784,489, approximately $788 per square foot. This property was built in 1905. 1453 Broadway St is a home located in Boulder County with nearby schools including Flatirons Elementary School, Manhattan Middle School of the Arts & Academics, and Boulder High School.

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.

IRES MLS 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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