NOT LISTED FOR SALE

1611 Spruce St Boulder, CO 80302

Whittier Neighborhood
9 Beds
4 Baths
3,568 Sq Ft
7,149 Sq Ft Lot

Last Sold May 27, 2016

Last sale price $1,500,000 $420 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Forced Air Heating System
  • Whittier Elementary School Rated A-
  • Brick Veneer
  • 4-minute walk to Jessie Fitzpatrick Park

About This Home

As of May 2016

Rare downtown triplex close to the Pearl Street Mall. Outside entry for all the units & always rented. There is investment & growth potential here- zoned for 4 unrelated residents per unit. Recent impvmnts: all furnaces/H2O heaters, plumbing & electrical upgrades, vinyl windows, ext paint & structural refurbishing. 4 reserved parking spaces off alley. Possible add'l rent from storage bldg. Coin op laundry owned. Strict overnight notice to show, limited to 1PM-4:30PM daily.

Last Agent to Sell the Property

Paul Dart

RE/MAX of Boulder, Inc Listed on: 04/25/2016

Last Buyer's Agent

Catherine Burgess

Compass - Boulder

Compass - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,825

Year Built

  • Built in 1905

Lot Details

  • 7,149 Sq Ft Lot
  • Legal Non-Conforming

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Rubber Roof

Interior Spaces

  • 3,568 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Whittier Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0002899

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Boulder Ot Subdivision

Building Details

  • Gross Income $85,200
  • Net Operating Income $73,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,825

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: 0.16
  • Subdivision Name: Boulder OT
  • Directions: Pearl Street west to 17th, right to Spruce, left to property on the north side of the street.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Legal Non-conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3568
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Refrigerator, Washer, Dryer, All Appliances
  • Has Basement: None, Crawl Space
  • Total Bedrooms: 9
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Electric: Electric, Separate Meter Electricity, Xcel
  • Heating: Forced Air, 2 or more Heat Sources
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Boulder
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

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

Lot Info

  • Zoning: RMX-1
  • Lot Size Sq Ft: 7149
  • Parcel #: R0002899
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5825

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 85200
  • Income Includes: ["Lease/Rents","Laundry"]

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $1,500,000 -- --
05/27/2016 05/27/16 Sold $1,500,000 +11.2% $420 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $1,349,500 -- $378 / 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 $12,000 $113,876 $62,188 $51,688
2024 $12,000 $113,876 $62,188 $51,688
2023 $11,784 $133,846 $71,422 $66,109
2022 $9,794 $103,040 $54,536 $48,504
2021 $9,551 $108,344 $57,343 $51,001
2020 $8,083 $92,857 $49,192 $43,665
2019 $7,959 $92,857 $49,192 $43,665
2018 $9,251 $106,704 $37,728 $68,976
2017 $8,962 $117,967 $41,710 $76,257
2016 $6,626 $76,544 $32,875 $43,669
2015 $6,274 $67,747 $30,805 $36,942
2014 $5,696 $67,747 $30,805 $36,942
Source: Public Records

Agents Affiliated with this Home

  • Paul Dart

    Seller's Agent in 2016

    Paul Dart

    RE/MAX

    72 Total Sales

    Paul Dart
    Section Image
  • Catherine Burgess

    Buyer's Agent in 2016

    Catherine Burgess

    Compass - Boulder

    (303) 506-5669

    3 in this area

    122 Total Sales

    Catherine Burgess
    Section Image
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Map

Source: IRES MLS

MLS Number: 789312

IRES MLS
Colorado Boulder County Boulder 80302 Whittier

1611 Spruce St, Boulder, CO

Not Listed for Sale

MultiFamily

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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