Seller's Agent in 2022
Mike Lane
Michael M Lane
(303) 819-6010
1 in this area
11 Total Sales
964 Arapahoe Ave Unit 3 Boulder, CO 80302
University Hill NeighborhoodEstimated Value: $748,000 - $1,093,000
4
Beds
2
Baths
1,189
Sq Ft
$722/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.
Last Buyer's Agent
Non-IRES Agent
Non-IRES
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,610
Year Built
- Built in 1973
Lot Details
- 11,002 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2022
Closed on
Dec 15, 2022
Sold by
Bought by
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%
Views
45
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
$68,472
Avg. Annual Appreciation
2.40%
Purchase Details
Closed on
Jan 28, 2016
Sold by
Bought by
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
3.99%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 14, 2012
Closed on
Jun 14, 2012
Sold by
Bought by
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
4.77%
Original Mortgage
$184,500
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2006
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $790,000 | Land Title | ||
| -- | None Available | ||
| $447,000 | Firs Colorado Title | ||
| $430,000 | First Colorado Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $417,000 | ||
| Previous Owner | $184,500 | ||
| Previous Owner | $344,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $4,789 | $53,720 | -- | $53,720 |
| 2025 | $4,789 | $53,720 | -- | $53,720 |
| 2024 | $4,442 | $54,319 | -- | $54,319 |
| 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
(720) 273-8957
1 in this area
6 Total Sales
-
Andrew Hawk
A
Buyer's Agent in 2012
Andrew Hawk
Folsom & Co. Real Estate
(303) 499-9944
4 in this area
47 Total Sales
Map
Source: IRES MLS
MLS Number: IRE977796
APN: 1463312-60-003
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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
Listings courtesy of IRES MLS as distributed by MLS GRID
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