NOT LISTED FOR SALE
-- Bed
6 Baths
16,888 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: July 22, 2020

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

Highlights

  • 0.44 Acre Lot
  • No HOA
  • Eat-In Kitchen
  • Open Floorplan
  • Wood Frame Window
  • Brick Veneer

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 License #40036182 Listed on: 07/22/2020

The Agency - Boulder

Last Buyer's Agent

Jay Hebb

The Agency - Boulder License #40036182 Listed on: 07/22/2020

The Agency - Boulder
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 18,995 Sq Ft 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

0.44 Acres

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

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
Jul 22, 2020
Closed on
Jun 24, 2020
Sold by
Bought by
Seller's Agent
Jay Hebb
The Agency - Boulder
Buyer's Agent
Jay Hebb
The Agency - Boulder
List Price
$12,500,000
Sold Price
$12,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,351,150
Outstanding Balance
$2,813,123
Interest Rate
3.55%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Feb 4, 2015
Closed on
Dec 31, 2014
Sold by
Bought by
Seller's Agent
Jay Hebb
The Agency - Boulder
Buyer's Agent
Jay Hebb
The Agency - Boulder
List Price
$8,576,000
Sold Price
$8,576,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$6,200,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2009
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
$250,000
Interest Rate
4.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 18, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 1985
Bought by

Purchase Details

Closed on
Dec 3, 1982
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Heritage Title Co
$287,500 Heritage Title Co
$5,600,000 Heritage Title Co
$1,612,500 Heritage Title Co
$8,576,750 Land Title Guarantee Company
-- Land Title Guarantee Company
$937,000 --
-- --
$720,000 --
-- --
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 $6,351,150
Previous Owner $6,200,000
Previous Owner $250,000
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
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

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 $74,290 $837,563 $198,995 $638,568
2025 $74,290 $837,563 $198,995 $638,568
2024 $53,538 $769,819 $182,900 $586,919
2023 $52,581 $599,315 $129,176 $473,824
2022 $34,925 $367,200 $131,104 $236,096
2021 $34,059 $386,100 $137,852 $248,248
2020 $50,586 $581,152 $137,852 $443,300
2019 $49,812 $581,152 $137,852 $443,300
2018 $49,440 $570,240 $94,248 $475,992
2017 $47,893 $630,432 $104,196 $526,236
2016 $34,108 $394,020 $157,608 $236,412
2015 $32,299 $334,312 $125,529 $208,783
2014 $28,109 $334,312 $125,529 $208,783
Source: Public Records

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Map

Source: IRES MLS

MLS Number: IRE918927

IRES MLS

APN: 1463-31-3-18-016

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