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 Listed on: 03/29/2024
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2024
Closed on
May 10, 2024
Sold by
Mccoy Margaret Olivia and Rau Kimberly A
Bought by
Flip & Freida 2 Llc
Seller's Agent
Kathleen Ball
Compass - Denver
Buyer's Agent
Forrest Noble
Noble PMG
List Price
$1,549,000
Sold Price
$1,500,000
Premium/Discount to List
-$49,000
-3.16%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,290
Avg. Annual Appreciation
1.20%
Original Mortgage
$1,020,000
Outstanding Balance
$1,010,516
Interest Rate
7.88%
Mortgage Type
New Conventional
Estimated Equity
$511,507
Purchase Details
Listed on
Sep 3, 2020
Closed on
Nov 23, 2020
Sold by
Gilchrist Anthony G and Gilchrist Anne D
Bought by
Mccoy Jan S and Rau Kimberly A
Seller's Agent
Matt DePofi
The Landmark Group
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$975,000
Sold Price
$939,000
Premium/Discount to List
-$36,000
-3.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.50%
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 19, 2011
Sold by
Dycus Kevin S and Dycus Sandra B
Bought by
Gilchrist Anthony G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
4.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 27, 2003
Sold by
Martin Jackie Catherine
Bought by
Dycus Kevin S and Dycus Sandra B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
4.87%
Purchase Details
Closed on
Jul 12, 1974
Bought by
Gilchrist Anthony G and Gilchrist Anne D
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase 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
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
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 Compared to Growth
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 | $6,560 | $85,157 | $50,544 | $34,613 |
| 2024 | $6,560 | $85,157 | $50,544 | $34,613 |
| 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
Agents Affiliated with this Home
-
Seller's Agent in 2024
Kathleen Ball
Compass - Denver
(720) 441-4440
1 in this area
58 Total Sales
-
F
Buyer's Agent in 2024
Forrest Noble
Noble PMG
(303) 444-9555
1 in this area
1 Total Sale
-
Seller's Agent in 2020
Matt DePofi
The Landmark Group
(303) 550-3400
2 in this area
31 Total Sales
-
N
Buyer's Agent in 2020
Non-IRES Agent
CO_IRES
Map
Source: REcolorado®
MLS Number: 4376866
APN: 1577061-13-001
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