NOT LISTED FOR SALE

2527 E Boulder St Colorado Springs, CO 80909

Knob Hill Neighborhood

Estimated Value: $475,000 - $518,957

4 Beds
3 Baths
-- Sq Ft
6,551 Sq Ft Lot

Last Sold February 21, 2024

Last sale price $500,000

Current estimated payment $2,732/month

85 Days on Market

About This Home

As of February 2024

Exceptional Investment Opportunity: Centrally Located Triplex with Recent Upgrades. This property has been extremely well maintained and boasts numerous recent improvements, a large backyard, 5 off street parking spaces, and is fully occupied with stable tenants, making it an attractive option for discerning investors. All units are designed to maximize natural light, creating bright and inviting living spaces. The triplex features well-designed floorplans that optimize space and functionality. Recent upgrades include: A new roof and vinyl windows were installed just three years ago, ensuring both aesthetic appeal and energy efficiency. All unit interiors received a fresh coat of paint within the last 14 months, two of the units have new flooring installed in the last three years, enhancing the overall durability of the living spaces. Unit 2527 features a new furnace and water heater installed within the last year. The 2-bedroom unit is equipped with a full-size washer and dryer, offering added convenience for tenants. Both one-bedroom units feature dishwashers, enhancing the overall appeal and functionality of these units. With recent upgrades and amenities that cater to tenant needs, this triplex presents a compelling investment opportunity. The combination of location, just steps away from the Knob Hill Urban Arts District, recent improvements, and tenant-friendly features positions this property for continued rental success.

Last Agent to Sell the Property

Jerry Trent

Trent Properties Group Listed on: 11/27/2023

Co-Listed By

Greg Alderman

RE/MAX Real Estate Group License #40047660

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $934

Year Built

  • Built in 1964

Lot Details

  • 6,551 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Basement

  • Crawl Space

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$934

Year Built

Built in 1964

Lot Details

0

Listing Details

  • LaundryFacilites: Electric Hook-up, None
  • Property Sub Type: Triplex
  • Prop. Type: Income
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Alley: None
  • Appliances: Dishwasher, Dryer, Range Oven, Refrigerator, Washer
  • Fireplace Type: None

Exterior Features

  • New Construction: Existing
  • Fence: Rear
  • Foundation Details: Crawl Space
  • Roof: Composite Shingle
  • Exterior Construction: Stucco
  • Structure: Framed on Lot

Garage/Parking

  • ParkingSpacesNumberOf: 5
  • ListingUnits_1_NumGarage: 0
  • ListingUnits_2_NumGarage: 0
  • ListingUnits_3_NumGarage: 0

Utilities

  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Utilities: Electricity, Natural Gas
  • Hot Water: Municipal

Schools

  • School District: Colorado Springs 11

Lot Info

  • Program Acres Total: 0.1504
  • Lot Size: 6550.0000

Tax Info

  • Flip Tax Amount: 933.94
  • Tax Year: 2022

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Feb 21, 2024
Sold by
2531 Boulder Llc
Bought by
Oralia Llc
Seller's Agent
Jerry Trent
Trent Properties Group
Buyer's Agent
Non Member
Non Member
List Price
$515,000
Sold Price
$500,000
Premium/Discount to List
-$15,000
-2.91%
Views
99
Current Estimated Value
$501,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,989
Avg. Annual Appreciation
0.24%
Original Mortgage
$295,000
Outstanding Balance
$289,835
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$212,154

Purchase Details

Closed on
Jul 24, 2018
Sold by
May Monika Maria
Bought by
2531 Boulder Llc

Purchase Details

Closed on
Oct 1, 1995
Sold by
May Franz T and May Katharina M
Bought by
May Monika Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1977
Bought by
May Monika M
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Oralia Llc $500,000 Land Title
2531 Boulder Llc -- None Available
May Monika Maria -- --
May Monika M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oralia Llc $295,000
Previous Owner May Monika Maria $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2024 02/21/24 Sold $500,000 -2.9% --
01/15/2024 01/15/24 Off Market $515,000 -- --
11/27/2023 11/27/23 For Sale $515,000 -- --
Source: Pikes Peak REALTOR® Services

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 $1,246 $29,400 -- --
2024 $1,134 $26,820 $2,580 $24,240
2023 $1,134 $26,820 $2,580 $24,240
2022 $934 $16,690 $2,300 $14,390
2021 $1,036 $17,550 $2,420 $15,130
2020 $958 $14,120 $1,880 $12,240
2019 $953 $14,120 $1,880 $12,240
2018 $768 $10,470 $1,350 $9,120
2017 $728 $10,470 $1,350 $9,120
2016 $583 $10,060 $1,380 $8,680
2015 $581 $10,060 $1,380 $8,680
2014 $561 $9,320 $1,380 $7,940
Source: Public Records

Agents Affiliated with this Home

  • Jerry Trent

    Seller's Agent in 2024

    Jerry Trent

    Trent Properties Group

    (719) 630-1300

    1 in this area

    26 Total Sales

    Jerry Trent
    Section Image
  • Greg Alderman

    Seller Co-Listing Agent in 2024

    Greg Alderman

    RE/MAX

    (719) 291-1612

    2 in this area

    52 Total Sales

    Greg Alderman
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Non Member

See All Agents

Map

Source: Pikes Peak REALTOR® Services

MLS Number: 6840029

Pikes Peak REALTOR® Services

APN: 64161-09-004

Colorado El Paso County Colorado Springs 80909 Knob Hill

2527 E Boulder St, Colorado Springs, CO

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