NOT LISTED FOR SALE

975 University Ave Boulder, CO 80302

University Hill Neighborhood

Estimated Value: $1,763,000 - $2,555,000

10 Beds
4 Baths
4,695 Sq Ft
$482/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2019

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

Est. 9% decrease in value since last sale

Current estimated payment $13,361 / mo

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 License #1029955 Listed on: 12/18/2018

Co-Listed By

Richmond Majors

Paradigm Real Estate Services License #40010491

Last Buyer's Agent

Stan Lanzano

Eldorado Real Estate License #40029754

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

7,024 Sq Ft Lot

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

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
Dec 18, 2018
Closed on
Dec 16, 2019
Sold by
Bought by
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
$2,262,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$237,162
Avg. Annual Appreciation
-1.51%
Original Mortgage
$1,750,000
Outstanding Balance
$1,515,928
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$746,910

Purchase Details

Closed on
Oct 5, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$2,500,000 Heritage Title Company
-- None Available
-- --
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
Open $1,750,000
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
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

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 $13,663 $153,137 $75,657 $77,480
2025 $13,663 $153,137 $75,657 $77,480
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

    4 in this area

    78 Total Sales

    Tim Goodacre
    Section Image
  • Richmond Majors

    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

    Stan Lanzano
    Section Image
See All Agents

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

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.
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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.