Seller's Agent in 2022
Mike Lane
Michael M Lane
(303) 819-6010
1 in this area
10 Total Sales
964 Arapahoe Ave Unit 3 Boulder, CO 80302
University Hill NeighborhoodEstimated Value: $718,000 - $915,000
4
Beds
2
Baths
1,189
Sq Ft
$675/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Deck
- Ceiling Fan
- Flatirons Elementary School Rated A
- Cooling Available
- 3-minute walk to Boulder International Peace Garden
About This Home
As of December 2022Turn-Key investor opportunity in unbeatable location 3 blocks from Pearl, 5 blocks from the heart of the Hill & campus, and across the street from the brand new civic area park with access to the Boulder Creek Path. Four bedrooms, two baths, giant wrap-around deck, one off-street covered parking space, exterior storage closet, bamboo floors, washer & dryer, dishwasher, slide-in gas range, stainless steel fridge, gas fireplace, and mountain views! Rented through Aug '23. Unit is never vacant as it's easy to pre-lease ~9 months before the start of each school year. Zoned RH-2, Legal for 4 unrelated. HOA includes everything: Flood Insurance, studs-out property insurance, heat, water, trash, recycling, snow removal, landscaping, & all exterior maintenance. Current 4.8% cap rate; Buyer can easily bump rates for '23-24 school year. Seller is a broker licensed in the State of Colorado.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,610
Year Built
- Built in 1973
Lot Details
- 0.25 Acre Lot
- Wood Fence
HOA Fees
- $792 Monthly HOA Fees
Home Design
- Property Attached
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 1,189 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Gas Fireplace
Kitchen
- Gas Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Schools
- Flatirons Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Cooling Available
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tenant pays for deposit, electricity
- Assessor Parcel Number R0510887
Community Details
Overview
- Association fees include common amenities, trash, snow removal, ground maintenance, management, utilities, maintenance structure
- Rittenhouse Condominiums Subdivision
Amenities
- Community Storage Space
Building Details
- Gross Income $55,800
- Net Operating Income $39,830
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2022
Closed on
Dec 15, 2022
Sold by
Lane Jenny Boyd
Bought by
Butler Christopher Wylie and Clark Bonnie Lynn
Seller's Agent
Mike Lane
Michael M Lane
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$830,000
Sold Price
$790,000
Premium/Discount to List
-$40,000
-4.82%
Total Days on Market
8
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,654
Avg. Annual Appreciation
0.67%
Purchase Details
Closed on
Jan 28, 2016
Sold by
Mccarty Lane Jenny Boyd and Mccarty Lane Michael
Bought by
Lane Jenny Boyd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 14, 2012
Closed on
Jun 14, 2012
Sold by
Loughridge Scott M and Loughridge Alice I
Bought by
Lane Jenny Boyd
Seller's Agent
Caldwell Sullivan
Four Star Rlty & Prop Mgmt
Buyer's Agent
Andrew Hawk
Folsom & Co. Real Estate
List Price
$459,000
Sold Price
$447,000
Premium/Discount to List
-$12,000
-2.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$184,500
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2006
Sold by
The B Weincoop Llc
Bought by
Loughridge Scott M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.15%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Butler Christopher Wylie | $790,000 | Land Title | |
| Lane Jenny Boyd | -- | None Available | |
| Lane Jenny Boyd | $447,000 | Firs Colorado Title | |
| Loughridge Scott M | $430,000 | First Colorado Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lane Jenny Boyd | $134,000 | |
| Previous Owner | Lane Jenny Bond | $417,000 | |
| Previous Owner | Lane Jenny Boyd | $417,000 | |
| Previous Owner | Lane Jenny Boyd | $120,000 | |
| Previous Owner | Lane Jenny Boyd | $184,500 | |
| Previous Owner | Loughridge Scott M | $344,000 | |
| Previous Owner | The B Weincoop Llc | $606,861 | |
| Previous Owner | The B Weincoop Llc | $725,000 | |
| Previous Owner | The B Weincoop Llc | $720,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2022 12/15/22 | Sold | $790,000 | -4.8% | $664 / Sq Ft |
| 11/02/2022 11/02/22 | For Sale | $830,000 | +85.7% | $698 / Sq Ft |
| 01/28/2019 01/28/19 | Off Market | $447,000 | -- | -- |
| 06/18/2012 06/18/12 | Sold | $447,000 | -2.6% | $376 / Sq Ft |
| 05/19/2012 05/19/12 | Pending | -- | -- | -- |
| 02/14/2012 02/14/12 | For Sale | $459,000 | -- | $386 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
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 | $4,362 | $49,647 | -- | $49,647 |
| 2023 | $4,362 | $49,647 | -- | $53,332 |
| 2022 | $4,831 | $51,215 | $0 | $51,215 |
| 2021 | $4,610 | $52,688 | $0 | $52,688 |
| 2020 | $4,263 | $48,978 | $0 | $48,978 |
| 2019 | $4,198 | $48,978 | $0 | $48,978 |
| 2018 | $4,224 | $48,715 | $0 | $48,715 |
| 2017 | $4,091 | $53,857 | $0 | $53,857 |
| 2016 | $3,388 | $39,139 | $0 | $39,139 |
| 2015 | $3,208 | $26,690 | $0 | $26,690 |
| 2014 | $2,295 | $26,690 | $0 | $26,690 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Lane
-
N
Buyer's Agent in 2022
Non-IRES Agent
CO_IRES
-
Caldwell Sullivan
C
Seller's Agent in 2012
Caldwell Sullivan
Four Star Rlty & Prop Mgmt
3 in this area
7 Total Sales
-
Andrew Hawk
A
Buyer's Agent in 2012
Andrew Hawk
Folsom & Co. Real Estate
(303) 499-9944
4 in this area
33 Total Sales
Map
Similar Home in Boulder, CO
Source: IRES MLS
MLS Number: 977796
APN: 1463312-60-003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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