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Boulder 80301
1688 Park Lake Drive
$1,100,000
● House - Off Market

1688 Park Lake Drive

Boulder, CO 80301
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,851 Ft²
$945,823
RealtyHop Estimate
-5.20%
Since Jul 1, 2022
CO-Denver
Primary Model

About This Property

This quiet home is a must see. Rare at this price is a very well cared for residence with amazing views. The lot is private and one of the only homes with easy access to the lake across the street. Beyond that are trails and open space you will surely want to explore. Make this home your own with some modern touches and enjoy this great neighborhood. The separate living area could be modified into a grand main floor master. Due to drought, the HOA has decided to wait to top off the lake.
Unit Size
2,851 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$350
Property Type
House
Property Taxes
$483
HOA Dues
$17
Year Built
1971

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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 #RECIR965850)

Price History

Date / Event Date Event Price
Jun 14, 2022 Sold
Premium
Sold
May 18, 2022 Listed by RE/MAX of Boulder, Inc $997,700
Listed by RE/MAX of Boulder, Inc
Dec 16, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 9
  • 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: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,111
  • Total Building Area: 3,403
  • Gross Building Area: 3,561
  • Building Area: 2,851
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,851
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK LAKE - BOV
  • Land Acres: 0000000967
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 2 BLK 6 PARK LAKE LESS UND 1/2 INT COAL BK 270 PG 456 & UND 1/3 INT MIN BK 409 PG 530 & UND 1/2 INT MIN REC # 13192

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012707

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: B20-E
  • Account Number: R0035075
  • Parcel: R0035075
  • Block: 6
  • Lot: 2
  • Meridian: SEC 29 TWN 1N RNG 69
  • Municipality: BOULDER
  • Latitude: 40.0156
  • Longitude: -105.146

    Address

  • Full Address: 1688 Park Lake Dr
  • Address - House Number: 1688
  • Address - Street Name: Park Lake
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: R002
  • 4-Digit Zip Code: 5113
  • Zip Code: 80301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $607,544
  • Tax Rate Code Area: 00-255

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 1,619,223
  • High Value: 1,887,809
  • Low Value: 1,350,636

    Market Valuation

  • Market Total Value: $1,525,200
  • Market Land Value: $457,600
  • Market Improvement Value: $1,067,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,180
  • Assessed Land Value: $30,957
  • Assessed Improvements Value: $72,223

    Sales

  • Current Sale Contract Date: Jun 09, 2022
  • Current Sale Recording Date: Jun 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3966933
  • Previous Sale Recording Date: Dec 16, 1992
  • Previous Sale Contract Date: Dec 16, 1992
  • Previous Sale Amount: $200,000
  • 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 Boulder

Stats & Trends

Median Asking:

$719,000

Sale Price/ft²

$375

Above Asking

0.00%

Average Days on Market

56

Average Home Size

2345 ft²

Average Home Age

37.5 years

Currently For Sale

2224 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 1688 Park Lake Drive built and last sold?
The property at 1688 Park Lake Drive was built in 1971 and last sold on Jun 9, 2022 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 1688 Park Lake Drive is $0.
What are some comparable homes to 1688 Park Lake Drive?
There are currently no comparable homes to 1688 Park Lake Drive.
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