NOT LISTED FOR SALE

716 Arapahoe Ave Boulder, CO 80302

University Hill Neighborhood
13 Beds
6 Baths
5,349 Sq Ft
0.45 Acres

Last Sold July 09, 2015

Last sale price $2,700,000 $505 Per Sq Ft

Highlights

  • The property is located in a historic district
  • 0.45 Acre Lot
  • Victorian Architecture
  • Flatirons Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Boulder International Peace Garden

About This Home

As of July 2015

Entered for comp purposes. 13 bedroom triplex in coveted downtown location. Sold at ~5.3% Cap Rate

Last Agent to Sell the Property

Jay Hebb

The Agency - Boulder Listed on: 07/09/2015

The Agency - Boulder

Last Buyer's Agent

Jay Hebb

The Agency - Boulder Listed on: 07/09/2015

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,565

Year Built

  • Built in 1906

Lot Details

  • 0.45 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Victorian Architecture
  • Brick Veneer
  • Composition Roof
  • Stone

Interior Spaces

  • 5,349 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Frame Window
  • Dining Room
  • Wood Flooring
  • Electric Oven or Range
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Walk-In Closet
  • 6 Bathrooms

Outdoor Features

  • Balcony
  • Patio

Location

  • The property is located in a historic district

Schools

  • Flatirons Elementary School
  • Boulder High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number R0007616

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Smith's Addition To West Boulder Subdivision

Building Details

  • Gross Income $156,000
  • Net Operating Income $147,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,565

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Year Built: 1906
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.45
  • Road Frontage Type: City Street
  • Subdivision Name: Smith's Addition to West Boulder
  • Architectural Style: Victorian
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5349
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family, Multi-Family, Commercial, Commercial or Industrial
  • Private Spa: No
  • Appliances: Electric Range/Oven
  • Has Basement: None
  • Total Bedrooms: 13
  • Flooring: Wood Floors
  • Interior Amenities: Separate Dining Room, Stain/Natural Trim, Walk-In Closet(s)
  • Window Features: Wood Frames

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Level, Historic District
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer, Stone
  • Exterior Features: Balcony
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, CITY OF BOULDER
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: MXRE
  • Lot Size Sq Ft: 19602
  • Parcel #: R0007616
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 8565

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 156000

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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Sold Price
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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 $2,700,000 -- --
07/09/2015 07/09/15 Sold $2,700,000 0.0% $505 / Sq Ft
07/09/2015 07/09/15 For Sale $2,700,000 -- $505 / 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 $24,332 $260,644 $113,106 $147,538
2024 $24,332 $260,644 $113,106 $147,538
2023 $23,903 $274,177 $115,990 $161,872
2022 $22,864 $243,788 $95,397 $148,391
2021 $22,175 $255,012 $100,307 $154,705
2020 $18,079 $207,693 $88,589 $119,104
2019 $17,802 $207,693 $88,589 $119,104
2018 $16,293 $187,920 $75,168 $112,752
2017 $15,783 $207,755 $83,102 $124,653
2016 $11,855 $136,952 $54,765 $82,187
2015 $11,226 $99,620 $40,676 $58,944
2014 -- $99,620 $40,676 $58,944
Source: Public Records

Agents Affiliated with this Home

  • Jay Hebb

    Seller's Agent in 2015

    Jay Hebb

    The Agency - Boulder

    (720) 577-5503

    12 in this area

    89 Total Sales

    Jay Hebb
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Map

Source: IRES MLS

MLS Number: 774967

IRES MLS
Colorado Boulder County Boulder 80302 University Hill

716 Arapahoe Ave, Boulder, CO

Not Listed for Sale

MultiFamily

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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