NOT LISTED FOR SALE

550 W 3rd St Nederland, CO 80466

-- Bed
5 Baths
1,836 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: August 21, 2015

Last sale price $480,000 $261 Per Sq Ft

34 Days on Market

Highlights

  • No HOA
  • Cottage
  • Space Heater
  • Nederland Elementary School Rated 9+
  • Patio
  • Partially Fenced Property

About This Home

As of August 2015

Boulder County with a 10.47 GRM and 6.44 cap rate. First year positive cash flow of $8562, and $6037 of equity build-up with 25% down. There are 6 efficiency units. Centrally located in downtown Nederland. Easy walk to all shops and restaurants. 2 Min walk to the RTD stop for the bus to Boulder and all points on the front range. Great launching point for skiing at Eldora, mtn biking and hiking. Zoned Neighborhood Commercial allows flexibility in approved uses. 100 yds from Ned Firehouse #1.

Last Agent to Sell the Property

Kevin Schill

5814 Realty LLC Listed on: 06/18/2015

Last Buyer's Agent

Steve Sirotkin

Accent Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,246

Year Built

  • Built in 1938

Lot Details

  • 9,805 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 5 Bathrooms
  • 1,836 Sq Ft Home
  • 1-Story Property

Outdoor Features

  • Patio

Schools

  • Nederland Elementary And Middle School
  • Nederland High School

Utilities

  • Space Heater
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0088234

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Nederland Subdivision

Building Details

  • Gross Income $47,640
  • Net Operating Income $31,318

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,246

Year Built

Built in 1938

Lot Details

9,805 Sq Ft Lot

Listing Details

  • Year Built: 1938
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.23
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Subdivision Name: Nederland
  • Directions: West on Boulder Canyon to traffic circle, drive straight through and property will be on the corner of Hwy 72 and W 3rd St.
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1836
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family, Commercial, Commercial or Industrial
  • Private Spa: No
  • Appliances: All Appliances
  • Has Basement: None
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Fire Hydrant within 500 Feet
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Radiant, Space Heater
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Town of Nederland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: NC
  • Lot Size Sq Ft: 9805
  • Parcel #: R0088234
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3246

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 47640
  • Income Includes: ["Lease/Rents"]
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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 $480,000 -- --
08/21/2015 08/21/15 Sold $480,000 -3.8% $261 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $499,000 -- $272 / Sq Ft
Source: IRES MLS

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 $8,998 $68,869 $12,806 $56,063
2024 $8,998 $68,869 $12,806 $56,063
2023 $8,759 $78,343 $13,728 $68,300
2022 $5,830 $49,844 $10,132 $39,712
2021 $5,874 $52,410 $10,654 $41,756
2020 $4,486 $39,612 $10,654 $28,958
2019 $4,432 $39,612 $10,654 $28,958
2018 $4,057 $35,856 $10,008 $25,848
2017 $3,973 $39,640 $11,064 $28,576
2016 $3,620 $31,840 $9,472 $22,368
2015 $3,469 $28,576 $9,552 $19,024
2014 $3,246 $28,576 $9,552 $19,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE766956

IRES MLS
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