NOT LISTED FOR SALE
7 Beds
2 Baths
4,254 Sq Ft
6,346 Sq Ft Lot

Last Sold April 06, 2018

Last sale price $1,500,000 $353 Per Sq Ft

27 Days on Market

Highlights

  • Multiple Fireplaces
  • Raised Ranch Architecture
  • No HOA
  • Flatirons Elementary School Rated A
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of April 2018

Huge price reduction for for quick closing! Absolutely fantastic location on University Hill, 1.5 blocks from campus. Licensed as 2 duplex units with 2 unrelated/unit, plus 5 rooming units with 1 per unit - 9 licensed bedrooms total. Recently refinished wood floors, vinyl windows, newer furnaces & roof. Walk-out lower level w/ large, bright bedrooms, on demand hot water, fire sprinklered & SmartRegs compliant. 2 car attached garage plus 6 off-street spaces. Rent & expense are projections only.

Last Agent to Sell the Property

Michael-Ryan McCarty

Gibbons-White, Inc. Listed on: 02/08/2018

Last Buyer's Agent

Michael Greenwood

RE/MAX of Boulder, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,443

Year Built

  • Built in 1956

Lot Details

  • 6,346 Sq Ft Lot
  • West Facing Home
  • Sprinkler System
  • Legal Non-Conforming

Home Design

  • Duplex
  • Raised Ranch Architecture
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,254 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Dining Room
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0003241

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • University Place Subdivision

Building Details

  • Gross Income $113,400
  • Net Operating Income $103,287

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,443

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Year Built: 1956
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Subdivision Name: University Place
  • Directions: From Broadway and 20th, South on 20th, West on Cascade, South on 19th to property.
  • Architectural Style: Raised Ranch
  • Unit Levels: Raised Ranch
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Legal Non-conforming, Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4254
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Disposal
  • Has Basement: Full, 90%+ Finished Basement, Walk-Out Access
  • Total Bedrooms: 7
  • Entry Location: Outside Entry
  • Fireplace Features: 2+ Fireplaces, Gas
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Eat-in Kitchen, Separate Dining Room, Walk-In Closet(s), Shared Kitchen, Shared Baths, Outside Entry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Lawn Sprinkler System
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Direction Faces: West
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Electric: Electric, Xcel
  • Heating: Forced Air, 2 or more Heat Sources
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • 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: RM-2
  • Lot Size Sq Ft: 6346
  • Parcel #: R0003241
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4443

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 113400
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 10113

Range of Values:

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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 Change Sq Ft Price
01/28/2019 01/28/19 Off Market $1,500,000 -- --
04/06/2018 04/06/18 Sold $1,500,000 -30.2% $353 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $2,150,000 -- $505 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 841306

IRES MLS

APN: 1463-31-4-08-005