NOT LISTED FOR SALE

1925 Spruce St Boulder, CO 80302

Whittier Neighborhood

Estimated Value: $1,017,000 - $1,613,151

4 Beds
3 Baths
2,285 Sq Ft
$605/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $900,000 $394 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,907/month

38 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Air Conditioning
  • Whittier Elementary School Rated A-
  • Cottage
  • 4-minute walk to Jessie Fitzpatrick Park

About This Home

As of August 2023

Perfectly positioned within Whittier, this property presents an ideal opportunity for rental income and investment. Comprised of three separate legal, nonconforming residences, this property offers upside possibilities for crafting a personalized vision in a coveted location. The first, front-facing residence A features two bedrooms complemented by a bathroom. Two attached, rear residences, B + C, each feature one bedroom and one bathroom. All 3 units have freestanding, wood-burning fireplaces, electric range ovens and dishwashers. Each residence has separate utilities and parking spaces located off the alley. Quaint yards present space for enjoying the outdoors or for pets to run and play. Residence A is currently available and residences B + C are leased up to July 30 2023. Tenants pay gas + electric and are billed back for water, sewer and trash. Situated in a desirable downtown location near East Pearl District and Pearl Street mall, this property is brimming with potential.

Last Agent to Sell the Property

John McElveen

milehimodern - Boulder Listed on: 05/18/2023

Last Buyer's Agent

Jason Boston

RE/MAX Nexus

RE/MAX Nexus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,678

Year Built

  • Built in 1942

Lot Details

  • 6,898 Sq Ft Lot
  • Southern Exposure
  • Partially Fenced Property
  • Wood Fence
  • Level Lot
  • Legal Non-Conforming

Parking

  • Alley Access

Home Design

  • Cottage
  • Fixer Upper
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,285 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Free Standing Fireplace
  • Window Treatments

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Primary bathroom on main floor

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Schools

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

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0004698

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Boulder O T East & West & North Subdivision

Building Details

  • Gross Income $59,820
  • Net Operating Income $44,962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,678

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Year Built: 1942
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Boulder O T East & West & North
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Southern Exposure
  • Building Stories: 1
  • Structure Type: Legal Non-conforming
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2285
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher, Refrigerator
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom
  • Has Basement: None
  • Total Bedrooms: 4
  • Fireplace Features: Free Standing
  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Fenced, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Other Structures: Storage
  • Property Condition: Fixer, Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Separate Meter Electricity, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, District Water, City of Boulder
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel

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: RES
  • Lot Size Sq Ft: 6898
  • Parcel #: R0004698
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6678

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 59820
  • Income Includes: ["Lease/Rents"]

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
08/21/2023 08/21/23 Sold $900,000 -21.7% $394 / Sq Ft
06/23/2023 06/23/23 Price Changed $1,150,000 -12.8% $503 / Sq Ft
05/18/2023 05/18/23 For Sale $1,319,000 -- $577 / 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 $8,001 $75,969 $75,969 --
2024 $8,001 $75,969 $75,969 $20,884
2023 $8,087 $91,040 $70,156 $24,569
2022 $6,847 $71,304 $53,570 $17,734
2021 $6,678 $74,975 $56,328 $18,647
2020 $6,497 $74,639 $48,263 $26,376
2019 $6,398 $74,639 $48,263 $26,376
2018 $5,935 $68,450 $37,080 $31,370
2017 $5,749 $75,676 $40,994 $34,682
2016 $5,505 $63,593 $32,318 $31,275
2015 $5,213 $48,954 $25,870 $23,084
2014 $4,116 $48,954 $25,870 $23,084
Source: Public Records

Agents Affiliated with this Home

  • John McElveen

    Seller's Agent in 2023

    John McElveen

    milehimodern - Boulder

    (303) 449-7000

    37 in this area

    164 Total Sales

    John McElveen
    Section Image

  • J

    Buyer's Agent in 2023

    Jason Boston

    RE/MAX

    (303) 906-8286

    1 in this area

    9 Total Sales

    Jason Boston
    Section Image
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Map

Source: IRES MLS

MLS Number: 988108

IRES MLS

APN: 1463304-06-011

Colorado Boulder County Boulder 80302 Whittier

1925 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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