NOT LISTED FOR SALE

975 University Ave Boulder, CO 80302

University Hill Neighborhood

Estimated Value: $1,452,000 - $3,275,000

10 Beds
4 Baths
4,695 Sq Ft
$472/Sq Ft Est. Value

Last Sold December 16, 2019

Last sale price $2,500,000 $532 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $13,362/month

328 Days on Market

Highlights

  • No HOA
  • Cottage
  • Property is near bus stop
  • Flatirons Elementary School Rated A
  • Brick Veneer
  • Forced Air Heating System

About This Home

As of December 2019

A student-focused rental near the heart of the University of Colorado Boulder. This property consists of 2 separate dwellings that make up 3 total units. 975 University has a 4 bed, 1 bath unit on the main level and a 2 bed, 1 bath unit below. The back house at 1429 10th is a 4 bed, 2 bath unit. Less than a 10 minute walk from the center of the University of Colorado campus and easy access to RTD public transportation, University Hill, The Pearl St Mall, and the 29th St Mall.

Last Agent to Sell the Property

Tim Goodacre

milehimodern - Boulder Listed on: 12/18/2018

Co-Listed By

Richmond Majors

Paradigm Real Estate Services

Last Buyer's Agent

Stan Lanzano

Eldorado Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,532

Year Built

  • Built in 1914

Lot Details

  • 7,024

Home Design

  • Cottage
  • Brick Veneer
  • Composition Roof
  • Stone

Interior Spaces

  • 4,695 Sq Ft Home
  • 1-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Schools

  • University Hill Elementary School
  • Casey Middle School
  • Boulder High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Additional Features

  • 7,024 Sq Ft Lot
  • Property is near bus stop

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0005762

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Grand View Heights Subdivision

Building Details

  • Gross Income $117,000
  • Net Operating Income $109,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,532

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Year Built: 1914
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: 0PRSL
  • Subdivision Name: Grand View Heights
  • Directions: Broadway to University, West on University to property.
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4695
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Some Appliances
  • Accessibility Features: Near Bus
  • Has Basement: Full, 90%+ Finished Basement
  • Total Bedrooms: 10
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer, Stone
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air, Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: University Hill
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: RH-5
  • Lot Size Sq Ft: 7024
  • Parcel #: R0005762
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7532

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 117000
  • Income Includes: ["Lease/Rents"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2018
Closed on
Dec 16, 2019
Sold by
Glm Boulder Properties Llc
Bought by
Lazano Stanley F
Seller's Agent
Tim Goodacre
milehimodern - Boulder
Buyer's Agent
Stan Lanzano
Eldorado Real Estate
List Price
$2,585,000
Sold Price
$2,500,000
Premium/Discount to List
-$85,000
-3.29%
Current Estimated Value
$2,365,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$134,930
Avg. Annual Appreciation
-1.96%
Original Mortgage
$1,750,000
Outstanding Balance
$1,545,891
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$670,381

Purchase Details

Closed on
Oct 5, 2017
Sold by
Morland Family Lllp
Bought by
Glm Boulder Properties Llc and Scm Boulder Properties Llc

Purchase Details

Closed on
Dec 31, 1997
Sold by
Moreland Charles P
Bought by
Moreland Family Ltd Partnership
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
Lazano Stanley F $2,500,000 Heritage Title Company
Glm Boulder Properties Llc -- None Available
Moreland Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazano Stanley F $1,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2020 03/15/20 Off Market $2,500,000 -- --
12/16/2019 12/16/19 Sold $2,500,000 0.0% $532 / Sq Ft
09/16/2019 09/16/19 Off Market $2,500,000 -- --
12/18/2018 12/18/18 For Sale $2,585,000 -- $551 / 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 $13,398 $140,751 $69,538 $71,213
2024 $13,398 $140,751 $69,538 $71,213
2023 $13,158 $149,758 $71,308 $82,135
2022 $11,596 $122,444 $59,944 $62,500
2021 $11,143 $126,841 $61,669 $65,172
2020 $8,790 $100,987 $53,411 $47,576
2019 $8,656 $100,987 $53,411 $47,576
2018 $7,776 $89,683 $35,856 $53,827
2017 $7,532 $99,150 $39,641 $59,509
2016 $6,442 $74,417 $29,770 $44,647
2015 $6,100 $64,874 $21,492 $43,382
2014 $5,455 $64,874 $21,492 $43,382
Source: Public Records

Agents Affiliated with this Home

  • Tim Goodacre

    Seller's Agent in 2019

    Tim Goodacre

    milehimodern - Boulder

    (303) 817-9300

    5 in this area

    84 Total Sales

    Tim Goodacre
    Section Image

  • R

    Seller Co-Listing Agent in 2019

    Richmond Majors

    Paradigm Real Estate Services

    (303) 929-3444

    1 Total Sale

    Richmond Majors
    Section Image
  • Stan Lanzano

    Buyer's Agent in 2019

    Stan Lanzano

    Eldorado Real Estate

    (720) 525-9874

    3 in this area

    3 Total Sales

    Stan Lanzano
    Section Image
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Map

Source: IRES MLS

MLS Number: IRE868492

IRES MLS

APN: 1463312-29-009

Colorado Boulder County Boulder 80302 University Hill

975 University Ave, Boulder, CO

Not Listed for Sale

MultiFamily

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.

IRES MLS 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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