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Boulder 80305 Table Mesa
1061 Berea Drive
$945,000
● House - Off Market

1061 Berea Drive

Boulder, CO 80305
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,540 Ft²
$1,021,333
RealtyHop Estimate
3.16%
Since Jan 1, 2023
CO-Denver
Primary Model

About This Property

Opportunities abound with this unique Table Mesa brick ranch w/ vaulted ceilings and wood floors throughout the main level.  This home is in need of some updating, but paint and carpet would go a long ways in this home!  This is a larger, solid brick home w/ updated windows and RARE vaulted ceilings.  Great candidate for a remodel or pop top.  Excellent location near Fairview High School and Viele Lake.  Home sold as-is.  Call for a private showing!
Unit Size
2,540 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$390
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (REcolorado MLS #RECIR976836)

Price History

Date / Event Date Event Price
Dec 6, 2022 Sold
Premium
Sold
Oct 7, 2022 Listed by RE/MAX Alliance-Boulder $990,000
Listed by RE/MAX Alliance-Boulder
Sep 18, 1978 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,150
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 2,828
  • Gross Building Area: 2,828
  • Building Area: 2,252
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,252
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNTAIN TERRACE 1 - BO
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 5 BLK 1 MOUNTAIN TERRACE 1

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012509

Geography

  • Assessors Map Reference: B24-B
  • Account Number: R0011090
  • Parcel: R0011090
  • Block: 1
  • Lot: 5
  • Meridian: SEC 08 TWN 1S RNG 70
  • Municipality: BOULDER
  • Latitude: 39.9792
  • Longitude: -105.248

    Address

  • Full Address: 1061 Berea Dr
  • Address - House Number: 1061
  • Address - Street Name: Berea
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: C039
  • 4-Digit Zip Code: 6534
  • Zip Code: 80305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $553,758
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 1,249,845
  • High Value: 1,457,161
  • Low Value: 1,042,528

    Market Valuation

  • Market Total Value: $1,140,900
  • Market Land Value: $970,400
  • Market Improvement Value: $170,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,182
  • Assessed Land Value: $65,648
  • Assessed Improvements Value: $11,534

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 3991125
  • Previous Sale Recording Date: May 25, 1979
  • Previous Sale Contract Date: May 25, 1979
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Boulder

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$596

Below Asking

0.02%

Average Days on Market

47

Average Home Size

2054 ft²

Average Home Age

50 years

Currently For Sale

64 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 1061 Berea Drive built and last sold?
The property at 1061 Berea Drive was built in 1965 and last sold on Dec 2, 2022 for $945,000.
How much is this home worth?
The estimated value of the home located at 1061 Berea Drive is $0.
What are some comparable homes to 1061 Berea Drive?
There are currently no comparable homes to 1061 Berea Drive.
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