NOT LISTED FOR SALE
5 Beds
3 Baths
1,490 Sq Ft
3,920 Sq Ft Lot

Last Sold October 06, 2017

Last sale price $825,000 $554 Per Sq Ft

124 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • Forced Air Heating System
  • Whittier Elementary School Rated A-
  • Air Conditioning
  • 4-minute walk to Bald Mountain Scenic Area

About This Home

As of October 2017

Back on market. Contract fell 7/11/2017. Buyer wanted to scrape and build, but the process was taking too long... Legal 3 unit apartment building. Best location in Boulder, between Pearl and Colorado University. Walk to Pearl Street. Walk to CU.Two 2 bedroom apartments and one studio apartment. Rents are well below market rate. Can also rent 5 parking spaces. Each of the three units is $200 per month under market rent. Cap rate does not include a property management fee. City allows 12 tenants.

Last Agent to Sell the Property

Michael Dwyer

Michael Dwyer Real Estate License #40011792 Listed on: 04/12/2017

Last Buyer's Agent

Matthew Mihalcin

Copper And Stone Realty License #100009435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,634

Year Built

  • Built in 1900

Lot Details

  • 3,768 Sq Ft Lot

Home Design

  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,490 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Schools

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

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0004688

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Culver Subdivision

Building Details

  • Gross Income $46,872
  • Net Operating Income $38,717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,634

Year Built

Built in 1900

Lot Details

3,768 Sq Ft Lot

Listing Details

  • Year Built: 1900
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Subdivision Name: Culver
  • Directions: On Arapahoe East of Broadway.
  • Architectural Style: Victorian
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1490
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: Partial
  • Total Bedrooms: 5
  • Interior Amenities: High Speed Internet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: AO
  • Lot Size Sq Ft: 3768
  • Parcel #: R0004688
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 46872

Tax Info

  • Tax Annual Amount: 3633.74
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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 $825,000 -- --
10/06/2017 10/06/17 Sold $825,000 -15.4% $554 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $975,000 -- $654 / Sq Ft
Source: IRES MLS

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 $7,153 $72,744 $38,519 $34,225
2024 $7,153 $72,744 $38,519 $34,225
2023 $7,021 $78,698 $45,118 $37,265
2022 $5,880 $60,894 $33,334 $27,560
2021 $5,736 $64,028 $35,049 $28,979
2020 $4,812 $55,284 $32,104 $23,180
2019 $4,739 $55,284 $32,104 $23,180
2018 $3,870 $44,640 $23,904 $20,736
2017 $3,749 $49,352 $26,427 $22,925
2016 $3,837 $44,329 $24,278 $20,051
2015 $3,634 $36,553 $16,557 $19,996
2014 $3,073 $36,553 $16,557 $19,996
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE816641

IRES MLS
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