$687,500
SOLD MAY 19, 2016
4 Beds
2 Baths
2,566 Sq Ft
6,326 Sq Ft Lot

Recently Sold

$268 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Cathedral Ceiling
  • Flatirons Elementary School Rated A
  • Multiple Fireplaces
  • Wood Flooring

About This Home

As of April 2019

Student rental at $3400/month pre-leased through July 2017. Unbeatable location for future residential site or continued rental income. Shows like a student rental and is a cash cow. Flood damage repaired. Owner is a licensed agent.

Last Agent to Sell the Property

Karen Bernardi

Coldwell Banker Realty-Boulder Listed on: 04/16/2016

Coldwell Banker Realty-Boulder

Last Buyer's Agent

Catherine Chipman

Boulder Financial Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,176

Year Built

  • Built in 1924

Lot Details

  • 6,326 Sq Ft Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,566 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Window Treatments
  • Dining Room
  • Home Office
  • Electric Oven or Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Laundry in Basement

Schools

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

Additional Features

  • Property is near a bus stop
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number R0005459

Community Details

Overview

  • No Home Owners Association
  • University Place Subdivision

Building Details

  • Gross Income $40,800
  • Net Operating Income $33,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,176

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
  • Road Surface Type: Paved
  • Subdivision Name: University Place
  • Directions: Broadway to Baseline. West on Baseline. Right on 18th St. Home is before Cascade Ave.
  • Above Grade Finished Sq Ft: 2072
  • Architectural Style: Contemporary/Modern
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2566
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Accessibility Features: Near Bus
  • Has Basement: Partial
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 494
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • Interior Amenities: Study Area, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floorplan
  • Living Area: 2566
  • Window Features: Window Coverings
  • Room Bedroom4 Area: 176
  • Room Bedroom3 Features: Carpet
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Room Bedroom4 Level: Basement
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 96
  • Room Bedroom4 Features: Carpet
  • Master Bedroom Master Bedroom Level: Upper
  • Room Bedroom2 Area: 100
  • Room Bedroom3 Level: Main
  • Master Bedroom Master Bedroom Width: 15
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Carpet
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Vinyl Floor
  • Room Living Room Area: 240
  • Living Room Features: Wood Floor
  • Room Kitchen Area: 90
  • Dining Room Dining Room Level: Main
  • Room Master Bedroom Area: 240
  • Room Dining Room Area: 182
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Level
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • IRESDS_GarageType: None

Utilities

  • Electric: Electric, Xcel
  • Heating: Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups, In Basement
  • 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

Schools

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

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 6326
  • Parcel #: R0005459
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5176

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 40800
  • Annual Operating Expense: 7676

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%
Current Estimated Value
$1,649,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,747
Avg. Annual Appreciation
7.18%

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
New Conventional

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
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 Type Sale Price Title Company
Special Warranty Deed $1,084,000 Stewart Title
Warranty Deed $687,500 Guardian Title
Special Warranty Deed $348,750 Guardian Title
Interfamily Deed Transfer -- Land Title Guarantee Company
Warranty Deed $520,000 First Colorado Title
Warranty Deed $410,000 --
Warranty Deed $273,000 --
Interfamily Deed Transfer -- --
Deed $266,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $362,846 New Conventional
Previous Owner $348,342 Unknown
Previous Owner $355,500 Stand Alone First
Previous Owner $328,000 No Value Available
Previous Owner $204,750 No Value Available
Closed $40,950 No Value Available
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
2025 $8,638 $94,737 $55,431 $39,306
2024 $8,638 $94,737 $55,431 $39,306
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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Map

Source: IRES MLS

MLS Number: 788594

IRES MLS

APN: 1463314-09-020