NOT LISTED FOR SALE

1949 Cascade Ave Unit 1951 Boulder, CO 80302

University Hill Neighborhood
1 Bed
1 Bath
2,500 Sq Ft
5,312 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $1,325,000 $530 Per Sq Ft

16 Days on Market

Highlights

  • Wooded Lot
  • American Four Square Architecture
  • No HOA
  • Flatirons Elementary School Rated A
  • Corner Lot
  • Balcony

About This Home

As of June 2018

Exemplary Property in the Most Fantastic Location on the Hill, 1 Block From CU. Absolute Pride of Ownership Shows Throughout This Impeccably Maintained 4-Plex. Pristine Units & Beautiful Landscaping Have Tenants Clamoring to Lease. Recent Updates Include Windows, Insulation, Roof, 4 Furnaces, Stoves & More. Wood Floors Under Carpets & W/D Hookups in Units. Rents Shown Are Potential Based on Rent Achieved w/2 Occupants/Unit. Current Gross Rent $60,540. Expenses Are Actual. Smart Regs Compliant.

Last Agent to Sell the Property

Michael-Ryan McCarty

Gibbons-White, Inc. Listed on: 05/14/2018

Last Buyer's Agent

Michael-Ryan McCarty

Gibbons-White, Inc. Listed on: 05/14/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,414

Year Built

  • Built in 1951

Lot Details

  • 5,312 Sq Ft Lot
  • South Facing Home
  • Southern Exposure
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • Alley Access

Home Design

  • American Four Square Architecture
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space
  • Storm Doors
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Schools

  • Flatirons Elementary School
  • Manhattan Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0004665

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • University Place Subdivision

Building Details

  • Gross Income $76,560
  • Net Operating Income $69,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,414

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Year Built: 1951
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Subdivision Name: UNIVERSITY PLACE
  • Directions: From 20th St and Broadway, South on 20th to Cascade Ave. Property is on the NW corner of 20th and Cascade.
  • Architectural Style: Foursquare/Denver Square
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Southern Exposure, Energy Survey Complete
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2500
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family, Additional Units
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 1
  • Door Features: Storm Door(s)
  • Entry Location: Outside Entry
  • Interior Amenities: Eat-in Kitchen, Outside Entry
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Corner Lot, Wooded, Level, Within City Limits
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Direction Faces: South
  • Exterior Features: Lighting, Balcony
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • 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: Flatirons
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: RH-5
  • Lot Size Sq Ft: 5312
  • Parcel #: R0004665
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4414

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 76560

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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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 List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $1,325,000 -- --
06/29/2018 06/29/18 Sold $1,325,000 0.0% $530 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $1,325,000 -- $530 / 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 $10,121 $104,112 $93,701 $10,411
2024 $10,121 $104,112 $93,701 $10,411
2023 $9,936 $111,575 $103,734 $11,526
2022 $8,004 $82,960 $51,340 $31,620
2021 $7,808 $87,231 $53,983 $33,248
2020 $6,715 $77,149 $53,983 $23,166
2019 $6,613 $77,149 $53,983 $23,166
2018 $4,557 $52,560 $36,720 $15,840
2017 $4,414 $62,486 $40,596 $21,890
2016 $4,610 $53,252 $34,626 $18,626
2015 $4,365 $43,780 $23,004 $20,776
2014 $3,681 $43,780 $23,004 $20,776
Source: Public Records

Agents Affiliated with this Home

  • Michael-Ryan McCarty

    Seller's Agent in 2018

    Michael-Ryan McCarty

    Gibbons-White, Inc.

    (303) 442-1040

    1 in this area

    20 Total Sales

    Michael-Ryan McCarty
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Map

Source: IRES MLS

MLS Number: 850060

IRES MLS

APN: 1463-31-4-07-013

Colorado Boulder County Boulder 80302 University Hill

1949 Cascade Ave Unit 1951, 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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