NOT LISTED FOR SALE

Estimated Value: $1,477,341 - $1,729,000

6 Beds
3 Baths
2,312 Sq Ft
$696/Sq Ft Est. Value

Last Sold April 16, 2019

Last sale price $1,084,000 $469 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,625/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • Multiple Fireplaces
  • Wood Flooring
  • Flatirons Elementary School Rated A
  • Cathedral Ceiling
  • Main Floor Bedroom

About This Home

As of April 2019

Fully remodeled in 2017, this 6 Bed/1 Loft/3 Bath home is perfect for investors or home owners. Only a 5 min. walk to CU or Chautauqua. Fully updated modern kitchen w/ island,spacious living room,cathedral 15'+ ceilings, 2 fireplaces (Master Bed & living), skylights, updated baths, ample storage, 2 basements (one finished) & 5 off street parking. Nice front courtyard/ garden to relax/play. Excellent CAP Rate, rented to 4 unrelated thru 7/31/20,Licensed & SmartRegs approved.

Last Listed By

Michael Rothschild

Live West Realty Listed on: 03/06/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,899

Year Built

  • Built in 1924

Lot Details

  • 6,326 Sq Ft Lot
  • Property fronts an alley
  • West Facing Home
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,312 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Window Treatments
  • Loft
  • Wood Flooring
  • Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Bathrooms
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Parking

  • Alley Access
  • Driveway Level

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Flatirons Elementary School
  • Manhattan Middle School
  • Boulder High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Additional Features

  • Low Pile Carpeting
  • Property is near a bus stop

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0005459

Community Details

Overview

  • No Home Owners Association
  • University Place Subdivision

Building Details

  • Gross Income $81,600
  • Net Operating Income $69,602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,899

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: University Place
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Accessibility Features: Level Lot, Level Drive, Near Bus, Low Carpet, Main Floor Bath, Main Level Bedroom
  • Has Basement: 75%+Finished Basement, Sump Pump
  • Total Bedrooms: 6
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Eat-in Kitchen, Cathedral/Vaulted Ceilings, Walk-In Closet(s), Loft, Kitchen Island
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Lawn Sprinkler System, Level, Within City Limits
  • Waterfront: No
  • Construction Type: Wood/Frame, Wood Siding
  • Direction Faces: West
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Hot Water, Baseboard
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • 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,University Hill
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: RM-2
  • Lot Size Sq Ft: 6326
  • Parcel #: R0005459
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5899

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 81600
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 11998

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Apr 16, 2019
Sold by
Ffem Llc
Bought by
Scottymo Llc and Hl 18Th Street Llc
Seller's Agent
Michael Rothschild
Live West Realty
Buyer's Agent
Jennifer Crow
RE/MAX Professionals Ken Caryl
List Price
$1,088,000
Sold Price
$1,084,000
Premium/Discount to List
-$4,000
-0.37%
Total Days on Market
2
Current Estimated Value
$1,608,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,585
Avg. Annual Appreciation
6.85%

Purchase Details

Listed on
Apr 16, 2016
Closed on
May 17, 2016
Sold by
Xchange Solutions Inc
Bought by
Ffem Llc
Seller's Agent
Karen Bernardi
Coldwell Banker Realty-Boulder
Buyer's Agent
Catherine Chipman
Boulder Financial Realty Inc
List Price
$697,500
Sold Price
$687,500
Premium/Discount to List
-$10,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.94%
Original Mortgage
$400,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 16, 2016
Closed on
Apr 25, 2016
Sold by
Rickard Carolyn E
Bought by
Xchange Solutions Inc
Seller's Agent
Karen Bernardi
Coldwell Banker Realty-Boulder
Buyer's Agent
Catherine Chipman
Boulder Financial Realty Inc
List Price
$697,500
Sold Price
$687,500
Premium/Discount to List
-$10,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2011
Sold by
Rickard Carolyn E
Bought by
Rickard Carolyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,846
Interest Rate
3.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 5, 2002
Sold by
Noble Forrest and Winsor John T
Bought by
Rickard Carolyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
6.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 11, 2001
Sold by
Ackerman Alan R and Ackerman Bonnie
Bought by
Noble Forrest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.1%

Purchase Details

Closed on
May 20, 1998
Sold by
Davis John H
Bought by
Ackerman Alan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.22%

Purchase Details

Closed on
May 8, 1998
Sold by
Davis Leanne J
Bought by
Davis John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.22%

Purchase Details

Closed on
Jul 20, 1990
Bought by
Ffem Llc

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
Scottymo Llc $1,084,000 Stewart Title
Ffem Llc $687,500 Guardian Title
Xchange Solutions Inc $348,750 Guardian Title
Rickard Carolyn E -- Land Title Guarantee Company
Rickard Carolyn E $520,000 First Colorado Title
Noble Forrest $410,000 --
Ackerman Alan R $273,000 --
Davis John H -- --
Ffem Llc $266,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ffem Llc $400,000
Previous Owner Rickard Carolyn E $362,846
Previous Owner Rickard Carolyn $348,342
Previous Owner Rickard Carolyn E $355,500
Previous Owner Noble Forrest $328,000
Previous Owner Ackerman Alan R $204,750
Closed Ackerman Alan R $40,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Off Market $1,084,000 -- --
04/16/2019 04/16/19 Sold $1,084,000 -0.4% $469 / Sq Ft
03/06/2019 03/06/19 For Sale $1,088,000 +58.3% $471 / Sq Ft
01/28/2019 01/28/19 Off Market $687,500 -- --
05/19/2016 05/19/16 Sold $687,500 -1.4% $268 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $697,500 -- $272 / 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
2024 $8,486 $97,391 $52,796 $44,595
2023 $8,486 $97,391 $56,481 $44,595
2022 $7,605 $81,086 $46,273 $34,813
2021 $7,255 $83,419 $47,605 $35,814
2020 $6,666 $76,584 $39,611 $36,973
2019 $6,564 $76,584 $39,611 $36,973
2018 $5,899 $68,040 $35,496 $32,544
2017 $5,340 $70,287 $39,243 $31,044
2016 $5,466 $63,146 $32,556 $30,590
2015 $5,176 $54,248 $26,746 $27,502
2014 $4,561 $54,248 $26,746 $27,502
Source: Public Records

Agents Affiliated with this Home

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Source: IRES MLS

MLS Number: 873951

IRES MLS

APN: 1463314-09-020