$1,080,000
SOLD DEC 13, 2024
4 Beds
2 Baths
1,900 Sq Ft
7,320 Sq Ft Lot

Recently Sold

$568 Per Sq Ft

40% Below List Price

192 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Canyon Park
  • Whittier Elementary School Rated A-

About This Home

As of December 2024

Charming duplex in a prime Downtown Boulder location! This unique property features two separate homes on a spacious 7,320 square foot lot, offering both charm and versatility. Unlike typical duplexes, these are two distinct structures, providing privacy and comfort. Zoned RH2, the property allows for flexible development options, with the city permitting up to 40% of the FAR to remain undeveloped without restrictions on the number of units.Nestled on the quiet end of the street, north of the road and west of Folsom, this fantastic location boasts potential mountain views. It's centrally located, close to the Chamber of Commerce, Arapahoe Village shopping, McGuckins, 29th Street Mall, and Pearl Street Mall.The seller is open to selling the two adjacent west properties along with this one, creating an exceptional investment opportunity. Don't miss out on this rare opportunity in the heart of Boulder-act quickly! If 2345, 2333 and 2319 Walnut are bought at the same time seller will discount the price of all 3 by $400,000 to $5,200,000!

Last Agent to Sell the Property

AJ Chamberlin

RE/MAX Alliance-Boulder Listed on: 06/04/2024

Last Buyer's Agent

Matthew Johnke

Johnke, Matthew Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,175

Year Built

  • Built in 1920

Lot Details

  • 7,320 Sq Ft Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Window Treatments

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Whittier Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0005822

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Boulder O T East & West & North Subdivision

Building Details

  • Gross Income $46,170
  • Net Operating Income $35,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,175

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Boulder O T East & West & North
  • Above Grade Finished Sq Ft: 1900
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Kitchen Level: Main
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 4
  • Living Area: 1900
  • Window Features: Window Coverings
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 1
  • Master Bedroom Features: Other Floor
  • Room Kitchen Features: Other Floor
  • Room Kitchen Area: 1
  • Room Master Bedroom Area: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Sidewalks, Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • IRESDS_GarageType: None

Utilities

  • Heating: Forced Air
  • Utilities: Natural Gas Available
  • 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

Schools

  • Elementary School: Whittier
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: SFR
  • Lot Size Sq Ft: 7320
  • Parcel #: R0005822
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7175

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 46170
  • Annual Operating Expense: 11046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Dec 12, 2024
Sold by
Frank E And Barbara S Mouffe Trust
Bought by
Johnke Matthew and Johnke Roberte Alexandrine
Seller's Agent
AJ Chamberlin
RE/MAX Alliance-Boulder
Buyer's Agent
Matthew Johnke
Johnke, Matthew Realty
List Price
$1,800,000
Sold Price
$1,080,000
Premium/Discount to List
-$720,000
-40%
Total Days on Market
192
Views
19
Current Estimated Value
$1,147,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,081
Avg. Annual Appreciation
12.81%
Original Mortgage
$756,000
Outstanding Balance
$753,359
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$393,722

Purchase Details

Closed on
Jan 4, 2024
Sold by
Frank H Mouffe Family Bypass Trust and Frank E And Barbara S Mouffe Trust
Bought by
Frank E And Barbara S Mouffe Trust

Purchase Details

Closed on
Jun 21, 1982
Bought by
Mouffe Barbara S

Purchase Details

Closed on
Jan 13, 1978
Bought by
Mouffe Barbara S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,080,000 Land Title Guarantee
Special Warranty Deed $1,080,000 Land Title Guarantee
Deed -- None Listed On Document
Warranty Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $756,000 New Conventional
Closed $756,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $1,080,000 -10.0% $568 / Sq Ft
11/02/2024 11/02/24 Price Changed $1,200,000 -20.0% $632 / Sq Ft
07/09/2024 07/09/24 Price Changed $1,500,000 -16.7% $789 / Sq Ft
06/04/2024 06/04/24 For Sale $1,800,000 -- $947 / 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
2024 $7,307 $74,439 $61,063 $13,376
2023 $7,175 $81,345 $72,199 $12,830
2022 $6,153 $64,641 $54,036 $10,605
2021 $5,874 $66,502 $55,591 $10,911
2020 $5,221 $59,975 $47,977 $11,998
2019 $5,141 $59,975 $47,977 $11,998
2018 $4,772 $55,037 $38,160 $16,877
2017 $4,622 $60,846 $42,188 $18,658
2016 $4,489 $51,852 $38,447 $13,405
2015 $4,250 $41,798 $21,333 $20,465
2014 $3,514 $41,798 $21,333 $20,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1011158

IRES MLS

APN: 1463304-31-010