NOT LISTED FOR SALE

Estimated Value: $1,492,000 - $1,653,000

5 Beds
3 Baths
2,597 Sq Ft
$604/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $1,660,000 $639 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $9,431/month

93 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Fireplace
  • Flatirons Elementary School Rated A
  • Cottage
  • 4-minute walk to Beach Park

About This Home

As of July 2024

Prime location, Great Remodel!!! 5 Bed/3 Bath Investment Opportunity on University Hill! Short walking distance to University of Colorado, shops and restaurants. This charming 1912 Craftsman features updates throughout (New kitchen, bathrooms, flooring, windows, new roof, exterior paint), Ample natural light, spacious common areas, plenty of storage, laundry room and a large fenced yard with a detached garage and additional off-street parking. The City of Boulder allows for 5 unrelated occupants. Lease in place until June 2024. Come see the best rental investment property in town.

Last Listed By

James Thomas

RE/MAX Alliance-Boulder Listed on: 04/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,112

Year Built

  • Built in 1912

Lot Details

  • 6,220 Sq Ft Lot
  • Wood Fence
  • Level Lot

Home Design

  • Cottage
  • Brick Veneer
  • Wood Frame Construction

Interior Spaces

  • 2,597 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Wood Flooring
  • Finished Basement
  • Partial Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

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

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R0001584

Community Details

Overview

  • No Home Owners Association
  • University Place Bo Subdivision

Building Details

  • Gross Income $108,000
  • Net Operating Income $92,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,112

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.14
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: UNIVERSITY PLACE - BO
  • Directions: Heading South on Broadway from downtown Boulder, turn right on 15th street, then right on Euclid, and left on 14th St. Home will be on the left.
  • Architectural Style: Cottage/Bung
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Dishwasher, Refrigerator, Washer, Dryer, Microwave
  • Has Basement: Partial, 90%+ Finished Basement
  • Total Bedrooms: 5
  • Fireplace Features: Single Fireplace
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Separate Dining Room, Walk-In Closet(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Fencing: Fenced, Wood
  • Lot Features: Sidewalks, Level
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner, Ceiling Fan(s)
  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City
  • 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: RL-1
  • Lot Size Sq Ft: 6220
  • Parcel #: R0001584
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8112.44

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 108000
  • Annual Operating Expense: 15612.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jul 12, 2024
Sold by
920 14Th St Llc
Bought by
920 Partners Llc
Seller's Agent
James Thomas
RE/MAX Alliance-Boulder
Buyer's Agent
James Thomas
RE/MAX Alliance-Boulder
List Price
$1,725,000
Sold Price
$1,660,000
Premium/Discount to List
-$65,000
-3.77%
Total Days on Market
93
Views
988
Current Estimated Value
$1,568,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,481
Avg. Annual Appreciation
-6.92%
Original Mortgage
$1,000,000
Outstanding Balance
$871,171
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$697,348

Purchase Details

Listed on
Mar 18, 2021
Closed on
Jun 1, 2021
Sold by
Nicholson Henry M
Bought by
920 14Th St Llc
Seller's Agent
Zachary Zeldner
Compass - Boulder
Buyer's Agent
Thomas Ratay Team
RE/MAX Alliance-Boulder
List Price
$1,398,000
Sold Price
$1,212,500
Premium/Discount to List
-$185,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%

Purchase Details

Closed on
Jun 15, 2012
Sold by
920 14Th Street Llc
Bought by
Nicholson Henry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2010
Sold by
Nicholson Henry M
Bought by
920 14Th Street Llc

Purchase Details

Closed on
Feb 19, 2010
Sold by
Sherwin Greg
Bought by
Nicholson Henry M

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
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2000
Sold by
Wetzel Matthew
Bought by
Sherwin Greg

Purchase Details

Closed on
Jan 1, 1996
Sold by
Wetzel Matthew
Bought by
Sherwin Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,775
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 2, 1987
Bought by
Nicholson Henry M

Purchase Details

Closed on
Nov 23, 1973
Bought by
Nicholson Henry M

Range of Values:

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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
920 Partners Llc $1,660,000 Land Title Guarantee
920 14Th St Llc $1,212,500 Fidelity National Title
Nicholson Henry M -- None Available
920 14Th Street Llc -- None Available
Nicholson Henry M $630,000 First Colorado Title
Sherwin Greg -- --
Sherwin Gregory $38,875 --
Nicholson Henry M $133,500 --
Nicholson Henry M $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 920 Partners Llc $1,000,000
Previous Owner Nicholson Henry M $900,000
Previous Owner Nicholson Henry M $344,000
Previous Owner Nicholson Henry M $200,000
Previous Owner Nicholson Henry M $410,000
Previous Owner Nicholson Henry M $417,000
Previous Owner Hamel Barbra D $43,900
Previous Owner Sherwin Greg $274,461
Previous Owner Sherwin Greg $270,000
Previous Owner Sherwin Gregory $13,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $1,660,000 -3.8% $639 / Sq Ft
04/10/2024 04/10/24 For Sale $1,725,000 +42.3% $664 / Sq Ft
08/31/2021 08/31/21 Off Market $1,212,500 -- --
06/01/2021 06/01/21 Sold $1,212,500 -6.4% $439 / Sq Ft
05/04/2021 05/04/21 Price Changed $1,295,000 -7.4% $469 / Sq Ft
03/18/2021 03/18/21 For Sale $1,398,000 -- $506 / 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
2024 $8,112 $93,070 $52,321 $40,749
2023 $8,112 $93,070 $56,005 $40,749
2022 $7,282 $77,611 $45,891 $31,720
2021 $6,873 $79,844 $47,211 $32,633
2020 $6,513 $74,825 $39,325 $35,500
2019 $6,413 $74,825 $39,325 $35,500
2018 $5,927 $68,364 $35,208 $33,156
2017 $5,742 $75,580 $38,924 $36,656
2016 $5,202 $60,098 $32,238 $27,860
2015 $4,926 $50,944 $29,850 $21,094
2014 $4,283 $50,944 $29,850 $21,094
Source: Public Records

Agents Affiliated with this Home

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Source: IRES MLS

MLS Number: 1006782

IRES MLS

APN: 1463313-17-010