$709,000
●
Condo -
Off Market
1175 Bear Mountain Dr #A
Boulder, CO 80305
3 Beds
2 Baths,
1
Half Bath
1,418 Ft²
$4,500
Est. Monthly
$700
HOA / Fees
2.17%
Cap Rate
About This Property
Rare find! Beautiful, bright, updated end unit with granite
counter tops, stainless steel appliances, spacious living area, and
an idyllic sun-filled back deck overlooking Bear Creek Park's lush
trees, green space, and meandering creek. Best location in
the entire complex! 3 bedrooms/1.5 baths, with winter
mountain views from the primary bedroom. Finished basement
has a secluded rec/family/hobby room that could be converted to a
4th bedroom. Just steps from Bear Creek Elementary School, the Bear
Canyon trail system, Whole Foods, King Soopers, all the restaurants
in the Table Mesa Shopping Center, and the South Boulder Rec
Center. The HOA covers tons - building insurance, exterior
maintenance, water, snow removal, landscaping - so you don't have
to worry about those costs; and the HOA fee may decrease in 2025
due to the Colorado FAIR act, which could reduce the HOA's
insurance premiums. This home has everything you've been
looking for - bring an offer!
Unit Size
1,418 Ft²
Days on Market
-
Land Size
-
Price per sqft
$511
Property Type
Condo
Property Taxes
$240
HOA Dues
$700
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 (IRES MLS #1009851)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Jul 9, 2024 | Price Decreased |
$750,000
↓ $45K
(5.7%) | |
| Price Decreased | |||
| Jun 3, 2024 | Price Decreased |
$795,000
↓ $35K
(4.2%) | |
| Price Decreased | |||
| May 17, 2024 | Listed by Michael M Lane | $830,000 | |
| Listed by Michael M Lane | |||
Show More
Property Highlights
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Bedrooms: 3
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Eat-in Kitchen
Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Basement: Partially Finished, Built-In Radon
Exterior Details
Has Property Attached
Square Footage: 1418
Square Footage Source: Assessor
Security Features: Smoke Detector(s)
Property Condition: Not New, Previously Owned
Year Built: 1972
Above Grade Finished Area: 1050Square Feet
Below Grade Finished Area: 468Square Feet
Building Area Total: 1050
Levels: Two
Building Area Units: Square Feet
Construction Materials: Wood/Frame
Patio and Porch Features: Patio, Deck
Roof: Composition
Lot Features: Curbs, Gutters, Sidewalks
Lot Size Units: Square Feet
Water Source: City Water, City of Boulder
Financial Details
Tax Annual Amount: $2,875
HOA/Condo/Coop Fee Includes: Trash, Snow Removal, Maintenance Grounds, Maintenance Structure, Hazard Insurance
Association Name: Bear Creek Condiminium Assoc.
HOA Fee: $700
HOA Fee Frequency: Monthly
Utilities Details
Heating Type: Forced Air
Utilities for Property: Natural Gas Available, Electricity Available
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/17/2024
|
3 Bed
|
2 Bath
|
1418 ft²
|
$830,000
3 Bed
2 Bath
1418 ft²
|
$709,000
-14.58%
09/19/2024
|
Michael Lane
Michael M Lane
|
Building Info
About South Boulder
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Listed by: Michael Lane, Michael M Lane
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1009851
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. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1009851
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