NOT LISTED FOR SALE

Estimated Value: $3,159,645

-- Bed
-- Bath
10,095 Sq Ft
$313/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $3,300,000 $327 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $19,912/month

195 Days on Market

Highlights

  • 0.34 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Whittier Elementary School Rated A-
  • Property is near a bus stop
  • 2-minute walk to Boulder Central Park

About This Home

As of April 2023

Rare chance to own a value priced Downtown Boulder office building!Priced to sell at $361 per square foot of building/improvements and 14,600 square foot site $249 per square foot.Building is vacant with the exception of 2,500 square feet, with expiring lease. Zoning is DT-1, flexible and multiple uses possible, and with 14,600 square foot site makes this a prime re-development opportunity.Call listing broker for specific details or to show.

Last Agent to Sell the Property

Geoffrey Keys

Keys Commercial Real Estate, LLC Listed on: 08/11/2022

Last Buyer's Agent

Eric Rutherford

WK Real Estate

WK Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Rubber Roof

Interior Spaces

  • 10,095 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • Property is near a bus stop
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Downtown Boulder Subdivision

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0006707

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.34
  • Subdivision Name: Downtown Boulder
  • Directions: Between Canyon Blvd. and Arapahoe on 14th Street.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 10095
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Commercial or Industrial
  • Private Spa: No
  • Accessibility Features: Near Bus
  • Has Basement: None
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Lot Features: Level
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Utilities: Natural Gas Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural 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,University Hill
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: DT-1
  • Lot Size Sq Ft: 14810
  • Parcel #: R0006707
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 77262.9

Multi Family

  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 77262.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Apr 13, 2023
Sold by
1720 Building Llc
Bought by
Boulder Community Broadcast Assodation Llc
Seller's Agent
Geoffrey Keys
Keys Commercial Real Estate, LLC
Buyer's Agent
Eric Rutherford
WK Real Estate
List Price
$3,650,000
Sold Price
$3,300,000
Premium/Discount to List
-$350,000
-9.59%
Views
72
Current Estimated Value
$3,159,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,355
Avg. Annual Appreciation
-2.09%
Original Mortgage
$2,800,000
Outstanding Balance
$854,739
Interest Rate
9%
Mortgage Type
Seller Take Back
Estimated Equity
$2,277,878

Purchase Details

Closed on
Oct 1, 2009
Sold by
Henderson Victoria Lyn
Bought by
1720 Building Llc

Purchase Details

Closed on
Jul 7, 2008
Sold by
Boulder Warehouse Assn Inc
Bought by
1720 Building Llc

Purchase Details

Closed on
Mar 4, 1994
Sold by
1720 Building Partnership
Bought by
1720 Building Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 1989
Bought by
1720 Building Llc

Purchase Details

Closed on
Sep 29, 1988
Bought by
1720 Building Llc

Purchase Details

Closed on
Oct 18, 1982
Bought by
1720 Building Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Boulder Community Broadcast Assodation Llc $3,300,000 First American Title
1720 Building Llc -- None Available
1720 Building Llc -- Utc Colorado
1720 Building Llc -- --
1720 Building Llc $430,000 --
1720 Building Llc -- --
1720 Building Llc $791,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boulder Community Broadcast Assodation Llc $2,800,000
Previous Owner 1720 Building Llc $311,000
Closed Boulder Community Broadcast Assodation Llc $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $3,300,000 0.0% $327 / Sq Ft
02/11/2023 02/11/23 Off Market $3,300,000 -- --
08/11/2022 08/11/22 For Sale $3,650,000 -- $362 / 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 $129,034 $1,319,787 $1,122,207 $197,580
2024 $129,034 $1,319,787 $1,122,207 $197,580
2023 $126,529 $1,355,410 $777,824 $585,956
2022 $83,134 $828,530 $499,960 $328,570
2021 $77,263 $828,530 $499,960 $328,570
2020 $78,010 $828,530 $499,960 $328,570
2019 $76,802 $828,530 $499,960 $328,570
2018 $74,157 $790,250 $566,950 $223,300
2017 $71,977 $1,101,107 $935,940 $165,167
2016 $74,064 $785,958 $550,159 $235,799
2015 $70,413 $545,490 $532,266 $13,224
2014 $51,116 $607,695 $594,471 $13,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 973169

IRES MLS

APN: 1463303-61-011