NOT LISTED FOR SALE
5 Beds
3 Baths
1,490 Sq Ft
3,768 Sq Ft Lot

Sale Details

Date Sold: October 6, 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

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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2017
Closed on
Oct 6, 2017
Sold by
Bought by
Seller's Agent
Michael Dwyer
Michael Dwyer Real Estate
Buyer's Agent
Matthew Mihalcin
Copper And Stone Realty
List Price
$975,000
Sold Price
$825,000
Premium/Discount to List
-$150,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,600
Outstanding Balance
$455,976
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 10, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,000
Interest Rate
5.58%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 18, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 1994
Sold by
Bought by

Purchase Details

Closed on
May 17, 1994
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 1991
Bought by

Purchase Details

Closed on
Sep 18, 1979
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$825,000 Land Title Guarantee
-- None Available
-- None Available
-- --
$413,750 First Colorado Title
$350,000 First Colorado Title
-- Commonwealth Land Title Ins
-- --
$185,000 --
$84,500 --
$85,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $556,600
Previous Owner $375,000
Previous Owner $331,000
Previous Owner $280,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,178 $79,145 $41,908 $37,237
2025 $7,178 $79,145 $41,908 $37,237
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

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Map

Source: IRES MLS

MLS Number: IRE816641

IRES MLS
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