NOT LISTED FOR SALE

Estimated Value: $1,699,000 - $2,200,000

5 Beds
3 Baths
3,234 Sq Ft
$585/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $930,000 $288 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $10,856/month

110 Days on Market

Highlights

  • Multiple Fireplaces
  • Wood Flooring
  • No HOA
  • Flatirons Elementary School Rated A
  • Loft
  • Cottage

About This Home

As of August 2017

Classic cedar-sided 2 story on W. Marine. Easy walk to downtown and CU campus. Features refinished hardwood floors throughout, new carpet, French doors, 2 beautiful fireplaces, stained glass, artistic iron work and 2 spacious decks. Flexible floor plan with two possible masters. Detached oversized 1 car garage with heated 432 sq ft studio/office above. Great neighborhood for owner occupants as well as tenants. Zoning allows 4 unrelated occupants.

Last Agent to Sell the Property

Kimberly Thompson

milehimodern - Boulder Listed on: 03/24/2017

Last Buyer's Agent

Botsy Phillips

Compass - Boulder

Compass - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,823

Year Built

  • Built in 1923

Lot Details

  • 5,583 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Cottage
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,234 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Multiple Fireplaces
  • Window Treatments
  • Wood Frame Window
  • Family Room
  • Home Office
  • Loft

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0004907

Community Details

Overview

  • No Home Owners Association
  • Smiths To West Boulder Subdivision

Building Details

  • Gross Income $60,000
  • Net Operating Income $58,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,823

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1923
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.13
  • Subdivision Name: Smiths To West Boulder
  • Above Grade Finished Sq Ft: 2158
  • Architectural Style: Cottage/Bung
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 2
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3234
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Has Basement: Partial, 75%+Finished Basement, Walk-Out Access, Daylight
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Below Grade Sq Ft: 1076
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Study Area, Satellite Avail, High Speed Internet, Eat-in Kitchen, Stain/Natural Trim, Loft, Kitchen Island
  • Living Area: 3126
  • Window Features: Window Coverings, Wood Frames
  • Room Bedroom4 Area: 120
  • Room Bedroom3 Features: Carpet
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: Yes
  • Room Bedroom4 Level: Lower
  • Room Bedroom3 Area: 104
  • Room Bedroom4 Features: Carpet
  • Master Bedroom Master Bedroom Level: Upper
  • Room Bedroom2 Area: 90
  • Room Bedroom3 Level: Lower
  • Master Bedroom Master Bedroom Width: 10
  • Room Family Room Area: 400
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Wood Floor
  • Master Bedroom Features: Wood Floor
  • Room Bedroom5 Level: Upper
  • Room Bedroom5 Features: Wood Floor
  • Room Family Room Level: Main
  • Room Bedroom5 Area: 225
  • Room Kitchen Features: Wood Floor
  • Family Room Features: Carpet
  • Room Kitchen Area: 162
  • Dining Room Dining Room Level: Main
  • Room Master Bedroom Area: 140
  • Room Dining Room Area: 49
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Wood
  • Lot Features: Level
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame, Wood Siding
  • Direction Faces: South
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage Door Opener
  • IRESDS_Garage Sq Ft: 432
  • IRESDS_GarageType: Detached

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups, Lower Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, District 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: Manhattan

Lot Info

  • Zoning: SFR
  • Lot Size Sq Ft: 5583
  • Parcel #: R0004907
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4823

Multi Family

  • Annual Gross Income: 60000
  • Annual Operating Expense: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2017
Closed on
Aug 11, 2017
Sold by
Armstrong David Robert
Bought by
Geilhufe Jonathan Erich
Seller's Agent
Kimberly Thompson
milehimodern - Boulder
Buyer's Agent
Botsy Phillips
Compass - Boulder
List Price
$1,095,000
Sold Price
$930,000
Premium/Discount to List
-$165,000
-15.07%
Current Estimated Value
$1,892,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$962,142
Avg. Annual Appreciation
9.07%
Original Mortgage
$690,000
Outstanding Balance
$574,505
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$1,317,637

Purchase Details

Closed on
May 20, 2015
Sold by
Armstrong David Geoffrey
Bought by
Armstrong David Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 27, 2014
Closed on
Oct 29, 2014
Sold by
Gilbert Joel R
Bought by
Armstrong David Geoffrey
Seller's Agent
Rich Gribbon
RE/MAX of Boulder, Inc
Buyer's Agent
Kimberly Thompson
milehimodern - Boulder
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
Mar 5, 2002
Sold by
Patricia Marie Gilbert Living Trust
Bought by
Gilbert Joel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
7.01%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Gilbert Joel R
Bought by
Gilbert Patricia Marie

Purchase Details

Closed on
Jan 15, 1999
Sold by
Olmstead Jason C
Bought by
Gilbert Joel R

Purchase Details

Closed on
Dec 23, 1996
Sold by
Olmstead Jason C and Olmstead Heidi E
Bought by
Olmstead Jason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.6%

Purchase Details

Closed on
Oct 25, 1993
Sold by
Pelcyger Robert S
Bought by
Olmstead Jason C
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 Buyer Sale Price Title Company
Geilhufe Jonathan Erich $930,000 Land Title Guarantee Co
Armstrong David Robert -- None Available
Armstrong David Geoffrey $700,000 First American
Gilbert Joel R -- --
Gilbert Patricia Marie -- --
Gilbert Joel R $400,000 --
Olmstead Jason C -- --
Olmstead Jason C $336,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geilhufe Jonathan Erich $690,000
Previous Owner Armstrong David Robert $680,000
Previous Owner Gilbert Joel R $221,000
Previous Owner Olmstead Jason C $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2020 05/03/20 Off Market $700,000 -- --
01/28/2019 01/28/19 Off Market $930,000 -- --
08/11/2017 08/11/17 Sold $930,000 -15.1% $288 / Sq Ft
07/12/2017 07/12/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $1,095,000 +56.4% $339 / Sq Ft
11/03/2014 11/03/14 Sold $700,000 -12.4% $216 / Sq Ft View Prior Sale
10/04/2014 10/04/14 Pending -- -- --
06/27/2014 06/27/14 For Sale $799,000 -- $247 / 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 $9,905 $110,825 $61,994 $48,831
2024 $9,905 $110,825 $61,994 $48,831
2023 $9,733 $112,707 $63,576 $52,816
2022 $8,858 $95,382 $53,439 $41,943
2021 $8,446 $98,126 $54,976 $43,150
2020 $7,629 $87,645 $47,619 $40,026
2019 $7,512 $87,645 $47,619 $40,026
2018 $7,244 $83,549 $33,408 $50,141
2017 $7,017 $92,367 $36,934 $55,433
2016 $4,823 $55,720 $26,984 $28,736
2015 $4,567 $55,935 $25,392 $30,543
2014 $4,703 $55,935 $25,392 $30,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 814938

IRES MLS

APN: 1461361-21-015