NOT LISTED FOR SALE

985 16th St Boulder, CO 80302

University Hill Neighborhood
-- Bed
6 Baths
16,888 Sq Ft
0.44 Acres

Last Sold July 22, 2020

Last sale price $12,500,000 $740 Per Sq Ft

Highlights

  • 0.44 Acre Lot
  • Open Floorplan
  • Wood Frame Window
  • Flatirons Elementary School Rated A
  • No HOA
  • 5-minute walk to Beach Park

About This Home

As of July 2020

The Ledges. Luxury student housing. Entered for Comp purposes only. Listing Agent was the Buyer.

Last Agent to Sell the Property

Jay Hebb

The Agency - Boulder Listed on: 07/22/2020

The Agency - Boulder

Last Buyer's Agent

Jay Hebb

The Agency - Boulder Listed on: 07/22/2020

The Agency - Boulder

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot

Home Design

  • Brick Veneer
  • Rubber Roof
  • Stucco

Interior Spaces

  • 16,888 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Window Treatments
  • Wood Frame Window
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0008363

Community Details

Overview

  • No Home Owners Association
  • University Place Subdivision

Building Details

  • Gross Income $784,860
  • Net Operating Income $784,860

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.44
  • Subdivision Name: University Place
  • Unit Levels: Four-Level
  • New Construction: No
  • Building Stories: 4
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 16888
  • Special Features: None
  • Stories: 4

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Partial
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Window Features: Window Coverings, Wood Frames
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Utilities

  • Cooling: Central Air
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • 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

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Flatirons
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: HR-E
  • Lot Size Sq Ft: 18995
  • Parcel #: R0008363
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2019

Multi Family

  • Annual Gross Income: 784860

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2021 09/12/21 Off Market $12,500,000 -- --
07/22/2020 07/22/20 Sold $12,500,000 0.0% $740 / Sq Ft
07/22/2020 07/22/20 For Sale $12,500,000 +45.8% $740 / Sq Ft
01/28/2019 01/28/19 Off Market $8,576,000 -- --
02/05/2015 02/05/15 Sold $8,576,000 0.0% $508 / Sq Ft View Prior Sale
02/04/2015 02/04/15 For Sale $8,576,000 -- $508 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jay Hebb

    Seller's Agent in 2020

    Jay Hebb

    The Agency - Boulder

    (720) 577-5503

    12 in this area

    89 Total Sales

    Jay Hebb
    Section Image
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Map

Source: IRES MLS

MLS Number: 918927

IRES MLS

APN: 1463-31-3-18-016

Colorado Boulder County Boulder 80302 University Hill

985 16th St, 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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