NOT LISTED FOR SALE

Estimated Value: $1,350,000 - $1,742,000

3 Beds
1 Bath
2,075 Sq Ft
$769/Sq Ft Est. Value

Last Sold November 07, 2016

Last sale price $545,000 $263 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $9,112/month

30 Days on Market

Highlights

  • Open Floorplan
  • Multiple Fireplaces
  • Spanish Architecture
  • Flatirons Elementary School Rated A
  • Wooded Lot
  • No HOA

About This Home

As of November 2016

Sold 'As Is" - unique-'hand-built stone house'- all flagstone "Spanish Castillo".'As is' 3 bdrm rental-$1,000 per bdrm (or more)- rental lic. Higher value:remodel to 4 bdrm (+ study?) Concept plans- see uploaded docs -interior circular stairs to connect main lvl w/ upper lvl- currently no interior connection- 2nd lvl accessed from exterior staircase- turn into 2 bdrms & bath. Zoning for 4 unrelated tenants.Opportunity to develop totally unique character-rich property 2 blocks from CU campus

Last Agent to Sell the Property

Tom Wilkie

P.N. EKLUND INTERESTS, INC. Listed on: 06/20/2016

Last Buyer's Agent

Catherine Chipman

Boulder Financial Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,081

Year Built

  • Built in 1924

Lot Details

  • 6,027 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Wooded Lot

Home Design

  • Spanish Architecture
  • Composition Roof
  • Stone

Interior Spaces

  • 2,075 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Multiple Fireplaces
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0000605

Community Details

Overview

  • No Home Owners Association
  • University Place Subdivision

Building Details

  • Gross Income $34,920
  • Net Operating Income $26,739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,081

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: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: University Place
  • Directions: From Broadway and Baseline - drive west on Baseline - right on 17th St - 2 block to address on the right. Please shut the driveway gate after you leave the property
  • Architectural Style: Spanish
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2075
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer
  • Accessibility Features: Level Lot, Main Floor Bath
  • Has Basement: None
  • Total Bedrooms: 3
  • Fireplace Features: 2+ Fireplaces
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Separate Dining Room, Open Floorplan
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Wooded, Level, Within City Limits
  • Waterfront: No
  • Construction Type: Stone
  • Exterior Features: Lighting
  • Other Structures: Storage
  • Patio And Porch Features: Patio, Enclosed
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • 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: RM-2
  • Lot Size Sq Ft: 6027
  • Parcel #: R0000605
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5081

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 34920
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2020
Sold by
Alcn Llc
Bought by
Engel Stephen
Current Estimated Value
$1,595,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$262,304
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,333,043

Purchase Details

Listed on
Jun 20, 2016
Closed on
Nov 7, 2016
Sold by
Joyce Karinen Bell Revocable Trust
Bought by
Alcn Llc
Seller's Agent
Tom Wilkie
P.N. EKLUND INTERESTS, INC.
Buyer's Agent
Catherine Chipman
Boulder Financial Realty Inc
List Price
$729,900
Sold Price
$545,000
Premium/Discount to List
-$184,900
-25.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%
Original Mortgage
$408,750
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 1991
Bought by
Alcn Llc

Purchase Details

Closed on
Nov 30, 1987
Bought by
Alcn Llc

Purchase Details

Closed on
Sep 4, 1980
Bought by
Alcn Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Engel Stephen -- Title Company Of The Rockies
Alcn Llc $545,000 First American Title
Alcn Llc -- --
Alcn Llc -- --
Alcn Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engel Stephen $375,000
Previous Owner Alcn Llc $408,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $545,000 -- --
11/07/2016 11/07/16 Sold $545,000 -25.3% $263 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $729,900 -- $352 / 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 $9,045 $98,925 $54,425 $44,500
2024 $9,045 $98,925 $54,425 $44,500
2023 $8,885 $102,021 $55,456 $50,250
2022 $7,830 $83,511 $45,439 $38,072
2021 $7,470 $85,915 $46,747 $39,168
2020 $6,888 $79,136 $38,896 $40,240
2019 $6,783 $79,136 $38,896 $40,240
2018 $6,199 $71,496 $28,656 $42,840
2017 $3,205 $42,188 $31,681 $10,507
2016 $5,366 $61,985 $31,920 $30,065
2015 $5,081 $51,222 $25,233 $25,989
2014 $4,307 $51,222 $25,233 $25,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 794975

IRES MLS

APN: 1463314-05-004