NOT LISTED FOR SALE
8 Beds
7 Baths
17,026 Sq Ft
1.2 Acres

Last Sold June 06, 2016

Last sale price $4,819,000 $283 Per Sq Ft

299 Days on Market

Highlights

  • 1.2 Acre Lot
  • Open Floorplan
  • Cathedral Ceiling
  • Casey Middle School Rated A-
  • Deck
  • 5-minute walk to Goose Creek Pond and Greenway

About This Home

As of June 2016

16 Spacious Condos with below market rents in 2 buildings on 1.2 Acres. #101 was updated/remodeled and monthly rent was increased over $700 to $2,095! All rents have increased with minimal updating with turnover. Updating allows higher rents. 100% Occupied.2014 NOI was $176,285 See General Info. for projected rents. Each unit has a DW, Washer & Dryer, Furnace, hot water heater & gas and elect. meter, fireplace, breakfast bar. Newer roof and all Windows. Boulder Energy Compliant

Last Agent to Sell the Property

Miles King

The Colorado Group Listed on: 07/24/2015

Last Buyer's Agent

Miles King

The Colorado Group Listed on: 07/24/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,720

Year Built

  • Built in 1984

Lot Details

  • 1.2 Acre Lot
  • Southern Exposure
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Sprinkler System

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 17,026 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Skylights
  • Free Standing Fireplace
  • Double Pane Windows
  • Window Treatments
  • Dining Room

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Columbine Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0105138

Community Details

Overview

  • No Home Owners Association
  • Association fees include security
  • 16 Units
  • Nordic Ventures, Pud Subdivision

Building Details

  • Gross Income $294,480
  • Net Operating Income $220,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,720

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 1.2
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Nordic Ventures, PUD
  • Directions: East on Valmont from 28th St. Left (North) on 29th St. Take 2nd Left into parking lot at the "Winds" sign.
  • Architectural Style: Ranch
  • Unit Levels: One, Two
  • New Construction: No
  • Efficiency: Southern Exposure
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 17026
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, All Appliances, Disposal
  • Has Basement: None
  • Total Bedrooms: 8
  • Entry Location: Outside Entry
  • Fireplace Features: Free Standing
  • Fireplace: Yes
  • Interior Amenities: Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floorplan, Walk-In Closet(s), Outside Entry
  • Window Features: Window Coverings, Skylight(s), Double Pane Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Fenced, Wood
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Corner Lot, Within City Limits
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air, Hot Water
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • HOA Fee Includes: Security
  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: RM-1
  • Lot Size Sq Ft: 52272
  • Parcel #: R0105138
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 19720

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 294480
  • Income Includes: ["Lease/Rents","Common Area Fees"]

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $4,819,000 -- --
06/06/2016 06/06/16 Sold $4,819,000 -9.1% $283 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
07/24/2015 07/24/15 For Sale $5,300,000 -- $311 / 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
2025 $43,587 $442,269 $133,563 $308,706
2024 $43,587 $442,269 $133,563 $308,706
2023 $42,790 $481,596 $151,748 $333,533
2022 $31,827 $329,800 $111,112 $218,688
2021 $31,049 $346,775 $116,831 $229,944
2020 $33,148 $380,809 $116,831 $263,978
2019 $32,640 $380,809 $116,831 $263,978
2018 $28,827 $332,496 $107,568 $224,928
2017 $27,925 $367,592 $118,922 $248,670
2016 $24,267 $280,335 $81,749 $198,586
2015 $22,980 $234,541 $78,167 $156,374
2014 $20,165 $234,541 $78,167 $156,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE770422

IRES MLS