2221 Columbine Ave Boulder, CO 80302
University Hill NeighborhoodEstimated payment $9,153/month
Highlights
- City View
- Open Floorplan
- No HOA
- Creekside Elementary School Rated A
- Cathedral Ceiling
- Cottage
About This Home
BRAND NEW FULLY REMODELED INVESTMENT PROPERTY. ON THE HILL, ONLY 2 BLOCKS FROM CU. BEST CAP RATE IN TOWN! House RENTED at $8,750/M thru 7/31/25; Garage for $700/M. Now a 5-Bedroom, 2-Bathroom contemporary home, designed specifically for student living, the new layout maximizes space and functionality, creating the perfect blend of comfort and convenience. Excellent location right by CU, The Hill and downtown Boulder less than 5 minutes away. Dining, shopping, & entertainment are always within easy reach. The open-concept living room and kitchen with vaulted ceilings and all new appliances, foster a dynamic, social atmosphere ideal for communal interaction. A detached den/playroom provides a versatile space for entertainment, relaxation, or study (foosball table and fridge included!). Every detail of this home has been updated including new flooring, drywall, insulation, interior and exterior paint, modern lighting, updated electrical and plumbing, and completely new bathrooms and kitchen. All permits approved by the City of Boulder. New washer-dryer unit adds extra convenience, making everyday living even easier. The property also features a sprinkler system to keep the landscaping lush and green. PARKING is a breeze, with a large 1 car-garage (recently insulated and drywalled), 3 designated off-street parking spaces and plenty of on-street parking typically available. Designed for durability and LOW COST MAINTENANCE, this house is an excellent investment opportunity with a great Cap Rate. Plus, TENANTS PAY ALL UTILITIES and trash. This property checks all the boxes as a perfect student rental. Schedule a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,596
Year Built
- Built in 1922
Lot Details
- 6,847 Sq Ft Lot
- Property fronts an alley
- South Facing Home
- Southern Exposure
- Partially Fenced Property
- Level Lot
- Sprinkler System
Home Design
- Cottage
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 1,593 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Double Pane Windows
- Window Treatments
- City Views
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
- Primary bathroom on main floor
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- Alley Access
Eco-Friendly Details
- Energy-Efficient HVAC
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Schools
- Creekside Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Cooling Available
- Radiant Heating System
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tenant pays for deposit, gas, electricity, water, sewer, trash collection
- Assessor Parcel Number R0006536
Community Details
Overview
- No Home Owners Association
- Interurban Park Subdivision
Amenities
- Recreation Room
- Laundry Facilities
Building Details
- Gross Income $111,000
- Net Operating Income $103,454
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,596 | $76,175 | $57,669 | $18,506 |
| 2024 | $5,596 | $76,175 | $57,669 | $18,506 |
| 2023 | $5,498 | $70,370 | $58,759 | $15,296 |
| 2022 | $5,194 | $62,884 | $48,143 | $14,741 |
| 2021 | $5,568 | $64,693 | $49,528 | $15,165 |
| 2020 | $5,306 | $60,954 | $41,256 | $19,698 |
| 2019 | $5,225 | $60,954 | $41,256 | $19,698 |
| 2018 | $4,809 | $55,462 | $36,936 | $18,526 |
| 2017 | $4,658 | $61,316 | $40,835 | $20,481 |
| 2016 | $3,983 | $46,017 | $31,522 | $14,495 |
| 2015 | $3,772 | $37,372 | $15,522 | $21,850 |
| 2014 | $3,142 | $37,372 | $15,522 | $21,850 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $1,645,000 | -2.9% | $1,033 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $1,695,000 | -3.1% | $1,064 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $1,749,500 | 0.0% | $1,098 / Sq Ft |
| 04/09/2025 04/09/25 | Price Changed | $1,749,500 | +112.6% | $1,098 / Sq Ft |
| 10/25/2024 10/25/24 | Sold | $823,000 | -4.3% | $517 / Sq Ft |
| 09/30/2024 09/30/24 | For Sale | $860,000 | -- | $540 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $823,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $95,000 | -- | |
| Warranty Deed | $80,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Credit Line Revolving | |
| Previous Owner | $294,000 | New Conventional | |
| Previous Owner | $300,000 | New Conventional |
Source: IRES MLS
MLS Number: 1030153
APN: 1577061-05-005
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.
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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