2002 Baseline Rd Boulder, CO 80302
University Hill Neighborhood
7
Beds
3
Baths
2,837
Sq Ft
6,802
Sq Ft Lot
Highlights
- Deck
- Wood Flooring
- No HOA
- Creekside Elementary School Rated A
- Private Yard
- Balcony
About This Home
As of May 2024Introducing 2002 Baseline - an exceptional income property opportunity ideally situated just one block off campus, offering convenience and comfort for university students. All are leased through July 2024, with most leased through July 2025, providing a stable and lucrative rental income. THE CURRENT CAP RATE IS 5.6%! The seller has made significant investments to enhance the property's appeal, including a forthcoming balcony off the second floor and a new deck complete with a spiral staircase, offering a perfect setting for relaxation and enjoyment, not to mention outstanding views of the Flatirons. Further upgrades include a new 50-gallon water heater, a new refrigerator, a new roof with Class 4 shingles, and new gutters, ensuring modern comfort and efficiency for the tenants and the property. A new egress window was added in the basement bedroom, new insulation in the attic, and some new windows further enhance the property's overall value. This income property presents an incredible opportunity for investors seeking a turnkey investment with a proven track record of rental success. Don't miss out on owning this prime income-generating property that offers current stability and future potential.
Last Agent to Sell the Property
Compass - Denver Brokerage Email: kathie@kathieball.com,303-956-1856 License #100042779
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,444
Year Built
- Built in 1950
Lot Details
- 6,802 Sq Ft Lot
- Property is Fully Fenced
- Private Yard
Parking
- 2 Car Attached Garage
Home Design
- Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- 3 Bedrooms in Basement
Outdoor Features
- Balcony
- Deck
- Fire Pit
- Rain Gutters
- Front Porch
Schools
- Creekside Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- Interurban Park Subdivision
Listing and Financial Details
- Exclusions: Tenants Personal Property
- Assessor Parcel Number R0005246
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $1,500,000 | -3.2% | $529 / Sq Ft |
| 03/29/2024 03/29/24 | For Sale | $1,549,000 | +65.0% | $546 / Sq Ft |
| 02/24/2021 02/24/21 | Off Market | $939,000 | -- | -- |
| 11/25/2020 11/25/20 | Sold | $939,000 | -1.1% | $331 / Sq Ft |
| 09/28/2020 09/28/20 | Price Changed | $949,000 | -2.7% | $335 / Sq Ft |
| 09/03/2020 09/03/20 | For Sale | $975,000 | -- | $344 / Sq Ft |
Source: REcolorado®
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 |
|---|---|---|---|---|
| 2024 | $6,444 | $73,747 | $51,798 | $21,949 |
| 2023 | $6,444 | $73,747 | $51,798 | $25,634 |
| 2022 | $6,916 | $73,670 | $42,617 | $31,053 |
| 2021 | $6,040 | $69,305 | $43,844 | $25,461 |
| 2020 | $5,380 | $61,812 | $35,250 | $26,562 |
| 2019 | $5,298 | $61,812 | $35,250 | $26,562 |
| 2018 | $4,983 | $57,470 | $32,112 | $25,358 |
| 2017 | $4,827 | $63,537 | $35,502 | $28,035 |
| 2016 | $4,124 | $47,641 | $27,701 | $19,940 |
| 2015 | $3,905 | $39,004 | $15,920 | $23,084 |
| 2014 | $3,280 | $39,004 | $15,920 | $23,084 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,020,000 | New Conventional | |
| Previous Owner | $510,000 | New Conventional | |
| Previous Owner | $363,000 | New Conventional | |
| Previous Owner | $367,000 | New Conventional | |
| Previous Owner | $367,500 | New Conventional | |
| Previous Owner | $585,000 | Unknown | |
| Previous Owner | $268,000 | No Value Available | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,500,000 | None Listed On Document | |
| Special Warranty Deed | $939,000 | Land Title Guarantee Co | |
| Warranty Deed | $490,000 | Land Title Guarantee Company | |
| Warranty Deed | $400,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Similar Homes in Boulder, CO
Source: REcolorado®
MLS Number: 4376866
APN: 1577061-13-001
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