$490,000
SOLD DEC 18, 2013
4 Beds
1 Bath
1,061 Sq Ft
2,309 Sq Ft Lot

Recently Sold

$462 Per Sq Ft

7% Below List Price

21 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Beach Park
  • Flatirons Elementary School Rated A
  • 1-Story Property

About This Home

As of June 2017

Prime hill location, student rental across the street from CU campus. Easy to rent, easy to maintain, this is a turn key investment property that is rented until August 2014. No flood damage, solid cap rate, prior day notice to show.

Last Agent to Sell the Property

Caldwell Sullivan

Four Star Rlty & Prop Mgmt Listed on: 10/28/2013

Last Buyer's Agent

Todd Walsh

Market Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,094

Year Built

  • Built in 1907

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,061 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Schools

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

Additional Features

  • 2,309 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0005809

Community Details

Overview

  • No Home Owners Association
  • University Place Subdivision

Building Details

  • Gross Income $38,400
  • Net Operating Income $32,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,094

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.05
  • Subdivision Name: University Place
  • Directions: Between 15th & 16th on Euclid
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1061
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

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

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 2309
  • Parcel #: R0005809
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 3094

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 38400
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 6294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 23, 2017
Sold by
1521 Euclid Llc
Bought by
Garobay Narciso
Seller's Agent
Janet Leap
RE/MAX of Boulder, Inc
Buyer's Agent
Nicholas Dembeck
The Agency - Denver
List Price
$650,000
Sold Price
$655,000
Premium/Discount to List
$5,000
0.77%
Current Estimated Value
$1,057,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,310
Avg. Annual Appreciation
6.18%
Original Mortgage
$524,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2015
Sold by
Doyle Benedict C and Rosenblum Joseph
Bought by
1521 Euclid Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,018
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 28, 2013
Closed on
Dec 18, 2013
Sold by
Mahon Karen C and Levin Clifton L
Bought by
Doyle Benedict C
Seller's Agent
Caldwell Sullivan
Four Star Rlty & Prop Mgmt
Buyer's Agent
Todd Walsh
Market Real Estate
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$367,500
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2005
Sold by
Bock Farone Llc
Bought by
Mahon Karen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,600
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 29, 2003
Sold by
Bock Irene M
Bought by
Bock Farone Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2003
Sold by
Walker Alison M
Bought by
Bock Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
May 16, 2001
Sold by
Sorenson Eric and Sorenson Jeannine
Bought by
Walker Alison M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.99%

Purchase Details

Closed on
Feb 16, 1999
Sold by
Sorenson Eric
Bought by
Sorenson Eric

Purchase Details

Closed on
Feb 24, 1993
Bought by
1521 Euclid Llc

Purchase Details

Closed on
Jul 18, 1989
Bought by
1521 Euclid Llc
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
Warranty Deed $655,000 Heritage Title Co
Quit Claim Deed -- None Available
Special Warranty Deed $490,000 First Colorado Title
Warranty Deed $447,000 First Colorado Title
Special Warranty Deed -- --
Warranty Deed $394,000 Land Title Guarantee Company
Warranty Deed $325,000 --
Interfamily Deed Transfer -- --
Warranty Deed $120,000 --
Deed $87,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Credit Line Revolving
Open $510,550 New Conventional
Closed $510,400 New Conventional
Closed $75,050 Commercial
Closed $524,000 New Conventional
Previous Owner $373,018 Adjustable Rate Mortgage/ARM
Previous Owner $367,500 New Conventional
Previous Owner $345,000 New Conventional
Previous Owner $357,600 Fannie Mae Freddie Mac
Previous Owner $315,000 Unknown
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $227,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $655,000 -- --
01/28/2019 01/28/19 Off Market $490,000 -- --
06/23/2017 06/23/17 Sold $655,000 +0.8% $617 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $650,000 +32.7% $613 / Sq Ft
12/18/2013 12/18/13 Sold $490,000 -6.7% $462 / Sq Ft
11/18/2013 11/18/13 Pending -- -- --
10/28/2013 10/28/13 For Sale $525,000 -- $495 / 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 $5,172 $57,150 $33,381 $23,769
2024 $5,172 $57,150 $33,381 $23,769
2023 $5,079 $57,948 $34,009 $27,624
2022 $4,621 $48,956 $27,863 $21,093
2021 $4,410 $50,364 $28,664 $21,700
2020 $4,215 $48,420 $24,167 $24,253
2019 $4,150 $48,420 $24,167 $24,253
2018 $3,854 $44,453 $21,672 $22,781
2017 $3,733 $49,145 $23,960 $25,185
2016 $3,447 $39,816 $19,820 $19,996
2015 $3,264 $34,196 $16,875 $17,321
2014 $2,875 $34,196 $16,875 $17,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 722154

IRES MLS

APN: 1463313-01-006