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1503 Balsam Ave
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 1, 2025 | Listed | $1,197,500 | |
| Listed | |||
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Welcome to 1503 Balsam, a rare blend of timeless charm and character, nestled in one of Boulder's most beloved neighborhoods. Built in 1918, this 3-bedroom, 2-bath home spans 1,965 square feet and effortlessly weaves together classic farmhouse warmth with touches of mid-century style and thoughtful modern updates. Step inside and you're greeted by colorful, vibrant spaces filled with character-original details, warm wood tones, and a cozy wood-burning fireplace that anchors the main living area. This is a home with heart: full of nooks, textures, and light, offering a feeling you just don't find in newer builds. The layout is inviting and flexible, ideal for everything from quiet mornings to lively gatherings. The main level is home to a primary retreat with bedroom, large bathroom, and laundry. There is also a cozy study, sitting room, or playroom on just off the living room. Upstairs are two more bedrooms, a hall bath, and ample closet and storage space.Outside, a shaded and peaceful back patio offers a private retreat under the trees-perfect for relaxing, entertaining, or dreaming up future possibilities. The home sits on a lush lot with mature landscaping and undeniable curb appeal. The one-car detached garage offers storage and convenience. And the location? Unbeatable. Just six blocks from North Boulder Park and three blocks from Ideal Market, Sweet Cow, Belleza Coffee, and Santo-you're perfectly placed to enjoy Boulder's best local favorites in a neighborhood that feels like home.
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| May 16, 2003 | Sold | ||
| Sold | |||
| Jun 29, 1993 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017