NOT LISTED FOR SALE

194 Artesian Dr Eldorado Springs, CO 80025

Eldorado Springs Neighborhood
3 Beds
3 Baths
5,386 Sq Ft
0.38 Acres

Last Sold October 22, 2021

Last sale price $2,563,000 $476 Per Sq Ft

52 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Radiator
  • Mesa Elementary School Rated A
  • Patio
  • Cabin

About This Home

As of October 2021

Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.

Last Agent to Sell the Property

Monica Van Matre

Heirloom Real Estate Group Listed on: 04/24/2021

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,907

Year Built

  • Built in 1925

Lot Details

  • 0.38 Acre Lot
  • Rock Outcropping
  • Sloped Lot

Home Design

  • Cabin
  • Composition Roof

Interior Spaces

  • 5,386 Sq Ft Home
  • Mountain Views
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio

Schools

  • Mesa Elementary School
  • Southern Hills Middle School
  • Fairview High School

Utilities

  • Radiator
  • Propane

Listing and Financial Details

  • Assessor Parcel Number R0039489

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Moffat Lakes Subdivision
  • 5-Story Property

Building Details

  • Gross Income $184,809
  • Net Operating Income $132,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,907

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.38
  • Road Surface Type: Gravel
  • Subdivision Name: Moffat Lakes
  • Directions: From Hwy 93, West on Eldorado Springs Drive, Take small bridge after Eldorado Pool and Property is located on Artesian.
  • Architectural Style: Cabin
  • Unit Levels: 5 or More
  • New Construction: No
  • Building Stories: 5
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5386
  • Special Features: None
  • Stories: 5

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, All Appliances
  • Has Basement: None
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Sloped, Rock Outcropping
  • View: Mountain(s)
  • Waterfront: No
  • Construction Type: Moss Rock
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Radiator
  • Utilities: Electricity Available, Propane
  • Heating Yn: Yes
  • Water Source: District Water, Eldorado Artesian

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Mesa
  • HighSchool: Fairview
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Southern Hills

Lot Info

  • Zoning: ER
  • Lot Size Sq Ft: 16553
  • Parcel #: R0039489
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 18907

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 184809
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 52729

Range of Values:

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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 Change Sq Ft Price
01/23/2022 01/23/22 Off Market $2,563,000 -- --
10/22/2021 10/22/21 Sold $2,563,000 -1.4% $476 / Sq Ft
05/12/2021 05/12/21 Price Changed $2,600,000 -8.8% $483 / Sq Ft
04/24/2021 04/24/21 For Sale $2,850,000 +115.1% $529 / Sq Ft
01/28/2019 01/28/19 Off Market $1,325,000 -- --
12/29/2017 12/29/17 Sold $1,325,000 -11.7% $246 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $1,500,000 -- $278 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Monica Van Matre

    Seller's Agent in 2021

    Monica Van Matre

    Heirloom Real Estate Group

    (303) 358-0336

    2 in this area

    41 Total Sales

    Monica Van Matre
    Section Image

  • N

    Buyer's Agent in 2021

    Non-IRES Agent

    CO_IRES

  • Wade Arnold

    Seller's Agent in 2017

    Wade Arnold

    The Colorado Group

    (303) 551-3391

    14 Total Sales

    Wade Arnold
    Section Image
  • Scot Smith

    Seller Co-Listing Agent in 2017

    Scot Smith

    The Colorado Group

    (720) 351-8243

    7 Total Sales

    Scot Smith
    Section Image
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Map

Source: IRES MLS

MLS Number: 938617

IRES MLS
Colorado Boulder County Eldorado Springs Eldorado Springs

194 Artesian Dr, Eldorado Springs, CO

This home is located at 194 Artesian Dr, Eldorado Springs, CO 80025 since 24 April 2021. This property was built in 1925. 194 Artesian Dr is a home located in Boulder County with nearby schools including Mesa Elementary School, Southern Hills Middle School, and Fairview High School.

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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