NOT LISTED FOR SALE

Estimated Value: $848,000 - $925,000

6 Beds
3 Baths
2,052 Sq Ft
$431/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $745,000 $363 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,333/month

64 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Fenced
  • Creekside Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to Tantra Park

About This Home

As of November 2021

BACK ON MARKET due to no fault of property or Seller, buyer terminated due to loan conditions. Investment property with mountain views and a strong rental history. Smart Regs compliant with a 5.4% simple cap rate and potential for more, rented through July 2022. Located right just off Broadway and bus line, close to campus and shopping center. Three bedrooms upstairs and three non-conforming bedrooms with a kitchenette downstairs make this a popular rental for CU students. New radon mitigation system installed. Ask about the Seller's investor portfolio. Savvy investors know the cash flow and appreciation potential on these student rentals, don't miss out on this opportunity! Motivated Seller.

Last Agent to Sell the Property

Sherrie Figueroa

Porchlight RE Group-Boulder Listed on: 08/20/2021

Porchlight RE Group-Boulder

Last Buyer's Agent

Mike Bader

RE/MAX of Boulder, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,675

Year Built

  • Built in 1961

Lot Details

  • 7,302 Sq Ft Lot
  • Fenced

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,052 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Schools

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

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0010577

Community Details

Overview

  • No Home Owners Association
  • Majestic Heights Subdivision

Building Details

  • Gross Income $45,600
  • Net Operating Income $41,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,675

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Year Built: 1961
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.17
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Majestic Heights
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Gas Range/Oven
  • Has Basement: Full
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Curbs, Gutters, Sidewalks
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Exterior Features: Lighting
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural 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: RES
  • Lot Size Sq Ft: 7302
  • Parcel #: R0010577
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3675

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 45600
  • Annual Operating Expense: 3675

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2022
Sold by
James Laudon
Bought by
Jj Properties 810 S Lashley Ln
Total Days on Market
64
Current Estimated Value
$884,884

Purchase Details

Listed on
Aug 20, 2021
Closed on
Nov 18, 2021
Sold by
Chavez Linda and Gersten Christopher
Bought by
Laudon James and Laudon Janthima
Seller's Agent
Sherrie Figueroa
Porchlight RE Group-Boulder
Buyer's Agent
Mike Bader
RE/MAX of Boulder, Inc
List Price
$750,000
Sold Price
$745,000
Premium/Discount to List
-$5,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$558,750
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2020
Sold by
810 I South Lashley Llc
Bought by
Linda Chavez and Linda Christopher Gersten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2014
Sold by
Gersten Christopher and Chavez Linda
Bought by
810 South Lashley Llc

Purchase Details

Listed on
Jan 13, 2014
Closed on
Feb 7, 2014
Sold by
Ko Shui Tze Christine and Ko Hon Yim
Bought by
Chavez Linda
Seller's Agent
Margaret Flaherty
WK Real Estate
Buyer's Agent
Terri Gray
milehimodern - Boulder
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$285,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2003
Sold by
Shui Tze Christine Ko Trust
Bought by
Ko Shui Tze Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.93%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 9, 1995
Sold by
Ko Hon Yim and Ko Shui Tze Christine
Bought by
Hon Yim Ko Trust and Shui Tze Christine Ko Trust

Purchase Details

Closed on
Jul 21, 1993
Bought by
810 South Lashley Llc

Purchase Details

Closed on
Jan 8, 1993
Bought by
810 South Lashley Llc

Purchase Details

Closed on
Oct 6, 1986
Bought by
810 South Lashley Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jj Properties 810 S Lashley Ln -- None Listed On Document
Laudon James $745,000 Land Title Guarantee Company
Linda Chavez -- None Available
810 South Lashley Llc -- None Available
Chavez Linda $435,000 Heritage Title
Ko Shui Tze Christine -- Land Title Guarantee Company
Ko Hon Yim -- --
Hon Yim Ko Trust -- --
810 South Lashley Llc -- --
810 South Lashley Llc -- --
810 South Lashley Llc $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laudon James $558,750
Previous Owner Linda Chavez $261,500
Previous Owner Chavez Linda $285,000
Previous Owner Ko Shui Tze Christine $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2022 02/21/22 Off Market $745,000 -- --
11/22/2021 11/22/21 Sold $745,000 0.0% $363 / Sq Ft
10/20/2021 10/20/21 Price Changed $745,000 -0.7% $363 / Sq Ft
08/20/2021 08/20/21 For Sale $750,000 +72.4% $365 / Sq Ft
05/10/2021 05/10/21 Off Market $435,000 -- --
02/07/2014 02/07/14 Sold $435,000 +2.4% $233 / Sq Ft
01/13/2014 01/13/14 For Sale $425,000 -- $228 / 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 $4,673 $48,657 $26,413 $22,244
2023 $4,590 $52,280 $31,396 $24,569
2022 $4,074 $43,062 $23,470 $19,592
2021 $3,888 $44,302 $24,146 $20,156
2020 $3,675 $42,221 $22,666 $19,555
2019 $3,619 $42,221 $22,666 $19,555
2018 $3,366 $38,822 $21,312 $17,510
2017 $3,261 $42,921 $23,562 $19,359
2016 $3,051 $35,247 $14,806 $20,441
2015 $2,889 $25,647 $9,074 $16,573
2014 $2,156 $25,647 $9,074 $16,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 949132

IRES MLS

APN: 1577081-23-037