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Boulder 80302 Lower Chautauqua
1509 Cascade Avenue
$1,650,000
● House - Off Market

1509 Cascade Avenue

Boulder, CO 80302
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,931 Ft²
$1,869,225
RealtyHop Estimate
-6.54%
Since Jun 1, 2022
CO-Denver
Primary Model

About This Property

Classic Colonial in the Chautauqua/University Hill neighborhood. Early 20th century built with a mix of mid-century interior. Perfect for your remodel/updates/addition. Large 12,289 sq ft corner lot. 4 bedrooms plus study and 3.5 baths. Walk to CU football games. Enjoy summer concerts at the Chautauqua Theater. Hike under the Boulder Flatirons. Great location in one of Boulder's most iconic and sought after neighborhoods.
Unit Size
2,931 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$682
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1923

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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 #RECIR960352)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Mar 8, 2022 Listed by RE/MAX of Boulder, Inc $2,000,000
Listed by RE/MAX of Boulder, Inc

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 23
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 864
  • Garage Type: 4
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,289
  • Total Building Area: 3,206
  • Gross Building Area: 3,206
  • Building Area: 2,931
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,931
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY PLACE - BO
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOTS 21-22-23-24 BLK 21 UNIVERSITY PLACE

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012401

Geography

  • Assessors Map Reference: B17-J
  • Account Number: R0002068
  • Parcel: R0002068
  • Block: 21
  • Lot: 21
  • Meridian: SEC 31 TWN 1N RNG 70
  • Municipality: BOULDER
  • Latitude: 40.0021
  • Longitude: -105.273

    Address

  • Full Address: 1509 Cascade Ave
  • Address - House Number: 1509
  • Address - Street Name: Cascade
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Boulder
  • Carrier Code: C007
  • 4-Digit Zip Code: 7631
  • Zip Code: 80302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $861,166
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: May 17, 2023
  • Confidence Score: 76
  • Final Value: 1,986,042
  • High Value: 2,350,286
  • Low Value: 1,621,799

    Market Valuation

  • Market Total Value: $1,834,700
  • Market Land Value: $1,174,900
  • Market Improvement Value: $659,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,117
  • Assessed Land Value: $79,482
  • Assessed Improvements Value: $44,635

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 3964016
  • Previous Sale Recording Date: Sep 20, 1984
  • Previous Sale Contract Date: Sep 20, 1984
  • 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 Central Boulder

Stats & Trends

Median Asking:

$1,199,000

Sale Price/ft²

$719

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2046 ft²

Average Home Age

51.8 years

Currently For Sale

288 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

Rentals Near You

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Frequently Asked Questions

When was property at 1509 Cascade Avenue built and last sold?
The property at 1509 Cascade Avenue was built in 1923 and last sold on May 17, 2022 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 1509 Cascade Avenue is $2,013,558.
What are some comparable homes to 1509 Cascade Avenue?
There are currently no comparable homes to 1509 Cascade Avenue.
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