NOT LISTED FOR SALE
8 Beds
2 Baths
2,208 Sq Ft
8,276 Sq Ft Lot

Last Sold December 08, 2022

Last sale price $1,100,000 $498 Per Sq Ft

226 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Forced Air Heating System
  • Creekside Elementary School Rated A
  • No HOA
  • High Speed Internet

About This Home

As of December 2022

Fully licensed and legal duplex close to campus off 30th St., just south of Baseline. Conforms to Boulder Smart Regs. Added insulation including crawl space. High efficiency furnaces. Each unit has off-street parking for 3 vehicles including one carport per unit, plus driveway and extra pad. Shared storage unit. Extra large yard. Both units are fully leased from Aug. 22' - 23' at $2,700 per month. 4th bedroom in unit 740 is non-conforming & is accessed from the 3rd bedroom. 742 4th bedroom can be accessed from 3rd bedroom, but also has an outside entrance. Great investment property with room for improvement. Property shows like the long term student rental that it is, and therefore may be under rented. But updating the interior and potentially increasing the rents to 3,200/mo. could boost the CAP Rate to nearly 4.7%.

Last Agent to Sell the Property

John Chamberlin

RE/MAX of Boulder, Inc License #281701 Listed on: 03/22/2022

Last Buyer's Agent

Aubrey Clint Folsom

Folsom & Co. Real Estate License #1322871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,397

Year Built

  • Built in 1962

Lot Details

  • 8,276 Sq Ft Lot
  • East Facing Home
  • Partially Fenced Property
  • Wood Fence
  • Level Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,208 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Window Treatments
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Schools

  • Creekside Elementary School
  • Manhattan Middle School
  • Fairview High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0014419

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Baseline Subdivision

Building Details

  • Gross Income $64,800
  • Net Operating Income $52,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,397

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.19
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Baseline
  • Directions: Baseline Rd. east of 28th St. to 30th St., north 1/2 block to Property on the east side of street.
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Efficiency: HVAC, Thermostat
  • Building Stories: 1
  • Structure Type: Legal Conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2208
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Has Basement: None, Crawl Space
  • Total Bedrooms: 8
  • Flooring: Wood Floors
  • Interior Amenities: High Speed Internet, Open Floorplan
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood
  • Lot Features: Level, Within City Limits
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame, Wood Siding, Painted/Stained
  • Direction Faces: East
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Separate Meter Electricity, Xcel
  • Heating: Forced Air, Individual Heat Source
  • Utilities: Natural Gas Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Separate Meter Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: RM2
  • Lot Size Sq Ft: 8276
  • Parcel #: R0014419
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4397

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 64800
  • 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
12/08/2022 12/08/22 Sold $1,100,000 -11.3% $498 / Sq Ft
07/09/2022 07/09/22 Price Changed $1,240,000 -3.9% $562 / Sq Ft
05/11/2022 05/11/22 Price Changed $1,290,000 -7.2% $584 / Sq Ft
03/22/2022 03/22/22 For Sale $1,390,000 -- $630 / 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 $5,399 $52,313 $25,544 $26,769
2024 $5,399 $52,313 $25,544 $26,769
2023 $5,300 $59,637 $33,607 $29,715
2022 $4,508 $46,927 $23,848 $23,079
2021 $4,397 $49,342 $25,075 $24,267
2020 $4,003 $45,982 $22,952 $23,030
2019 $3,941 $45,982 $22,952 $23,030
2018 $3,656 $42,163 $21,888 $20,275
2017 $3,541 $46,613 $24,198 $22,415
2016 $3,135 $36,210 $17,830 $18,380
2015 $2,968 $31,195 $11,303 $19,892
2014 $2,623 $31,195 $11,303 $19,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE961227

IRES MLS
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