NOT LISTED FOR SALE

5550 Pennsylvania Ave Unit 1-3 Boulder, CO 80303

Estimated Value: $1,400,000 - $1,713,558

5 Beds
4 Baths
3,520 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 25, 2013

Last sale price $730,000 $207 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $8,966/month

41 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Double Pane Windows
  • Eisenhower Elementary School Rated A
  • No HOA
  • 3-minute walk to Meadow Glen Park

About This Home

As of July 2013

Three 2-story town home units. Each unit has 2-car garage and there are 2 other on-site parking spaces. All units have washer/dryers, fireplaces, dishwashers; all appliances included. Each units has an outdoor patio area and each unit has own furnaces, individual gas/electric and water meters. Buyer agrees to cooperate in 1031 exchange.

Last Agent to Sell the Property

John R Hinkelman

8z Real Estate Listed on: 05/15/2013

8z Real Estate

Last Buyer's Agent

Gregory Smith

RE/MAX Alliance-Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,374

Year Built

  • Built in 1977

Lot Details

  • 0.38 Acre Lot
  • Partially Fenced Property

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Window Treatments

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Eisenhower Elementary School
  • Manhattan Middle School
  • Fairview High School

Additional Features

  • Green Energy Fireplace or Wood Stove
  • Patio
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer
  • Assessor Parcel Number R0036585

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Pennsylvania St. Condos Subdivision

Building Details

  • Gross Income $52,140
  • Net Operating Income $44,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,374

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Year Built: 1977
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.38
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Pennsylvania St. Condos
  • Directions: 55th Street to Pennsylvania. Property on the SE corner of 55th and Pennsylvania.
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3520
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 5
  • Interior Amenities: Open Floorplan
  • Window Features: Window Coverings, Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air, Wood Stove
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • 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

Association/Amenities

  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Eisenhower
  • HighSchool: Fairview
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: Res
  • Lot Size Sq Ft: 16596
  • Parcel #: R0036585
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 4374

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52140
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 7164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2013
Closed on
Jul 25, 2013
Sold by
Five Pines Properties Llc
Bought by
Trepastori Properties Llc
Seller's Agent
John R Hinkelman
8z Real Estate
Buyer's Agent
Gregory Smith
RE/MAX Alliance-Boulder
List Price
$760,000
Sold Price
$730,000
Premium/Discount to List
-$30,000
-3.95%
Current Estimated Value
$1,516,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$786,890
Avg. Annual Appreciation
6.51%
Original Mortgage
$547,500
Outstanding Balance
$402,396
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,161,883

Purchase Details

Closed on
Aug 5, 2011
Sold by
Hamill Anya K and Hamill Paul J
Bought by
Five Pines Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,832
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2008
Sold by
Hamil Anya K and Hamil Paul J
Bought by
Five Pines Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,500
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2008
Sold by
Hamill Anya and Hamill Paul
Bought by
Five Pines Properties Llc

Purchase Details

Closed on
Jan 2, 2004
Sold by
Kahn Thomas J and Asmuth Robert S
Bought by
Hamill Paul J and Hamill Anya K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1986
Bought by
Trepastori Properties Llc

Purchase Details

Closed on
Oct 10, 1986
Bought by
Trepastori Properties Llc

Purchase Details

Closed on
Apr 29, 1985
Bought by
Trepastori Properties Llc

Purchase Details

Closed on
Sep 16, 1981
Bought by
Trepastori Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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
Trepastori Properties Llc $730,000 8Z Title
Five Pines Properties Llc -- Fitco
Hamill Anya K -- Fitco
Five Pines Properties Llc -- Fita
Hamill Anya K -- Fita
Five Pines Properties Llc -- None Available
Hamill Paul J $530,000 Land Title
Trepastori Properties Llc $112,000 --
Trepastori Properties Llc -- --
Trepastori Properties Llc -- --
Trepastori Properties Llc $187,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trepastori Properties Llc $547,500
Previous Owner Hamill Anya K $387,832
Previous Owner Hamill Anya K $401,500
Previous Owner Hamill Paul J $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $730,000 -- --
07/25/2013 07/25/13 Sold $730,000 -3.9% $207 / Sq Ft
06/25/2013 06/25/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $760,000 -- $216 / 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 $8,407 $83,963 $46,863 $37,100
2024 $8,407 $83,963 $46,863 $37,100
2023 $8,254 $92,969 $55,409 $41,245
2022 $6,779 $70,571 $40,202 $30,369
2021 $6,612 $74,203 $42,271 $31,932
2020 $5,772 $66,309 $35,750 $30,559
2019 $5,684 $66,309 $35,750 $30,559
2018 $5,509 $63,540 $34,992 $28,548
2017 $5,337 $70,247 $38,686 $31,561
2016 $5,237 $60,496 $36,616 $23,880
2015 $4,959 $57,224 $15,044 $42,180
2014 $4,811 $57,224 $15,044 $42,180
Source: Public Records

Agents Affiliated with this Home

  • John R Hinkelman

    Seller's Agent in 2013

    John R Hinkelman

    8z Real Estate

    (303) 563-4100

    52 Total Sales

    John R Hinkelman
    Section Image
  • Gregory Smith

    Buyer's Agent in 2013

    Gregory Smith

    RE/MAX

    (303) 527-3920

    351 Total Sales

    Gregory Smith
    Section Image
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Map

Source: IRES MLS

MLS Number: 707737

IRES MLS

APN: 1463343-19-001

Colorado Boulder County Boulder 80303

5550 Pennsylvania Ave Unit 1-3, Boulder, CO

This home is located at 5550 Pennsylvania Ave Unit 1-3, Boulder, CO 80303 since 15 May 2013 and is currently estimated at $1,516,890, approximately $430 per square foot. This property was built in 1977. 5550 Pennsylvania Ave Unit 1-3 is a home located in Boulder County with nearby schools including Eisenhower Elementary School, Manhattan Middle School of the Arts & Academics, and Fairview High School.

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.

IRES MLS 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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