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Boulder 80301
2955 Park Lake Drive
$3,375,000
● House - Off Market

2955 Park Lake Drive

Boulder, CO 80301
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,347 Ft²
$2,796,610
RealtyHop Estimate
-5.20%
Since Jul 1, 2022
CO-Denver
Primary Model

About This Property

The first time on the market in over 40 years. Unparalleled location with unobstructed Flatiron and back range views! Adjacent to open space and at the end of the road, you will find privacy and serenity. On the six acres you will find a beautifully landscaped yard, pastures and irrigated hay fields. The five stall barn is ready for your animals. Two car attached garage plus a detached 4 car garage. The expansive ranch style home has 5,860 square feet including lower level and has been beautifully maintained but is ready for your updating. Large rooms, great views and an office with a private entrance. Three ditch shares included. This is truly an opportunity that doesn't present itself often.
Unit Size
5,347 Ft²
Days on Market
-
Land Size
5.98 acres
Price per sqft
$552
Property Type
House
Property Taxes
$1,058
HOA Dues
$17
Year Built
1977

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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 #RECIR965764)

Price History

Date / Event Date Event Price
Jun 21, 2022 Sold
Premium
Sold
May 17, 2022 Listed by Kearney Realty $2,950,000
Listed by Kearney Realty
Mar 3, 1977 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1985
  • Building Count: 3
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 7
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 18
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 2,265
  • Garage Type: 1
  • Garage Square Area: 890
  • Parking Space Count: 4
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 260,549
  • Total Building Area: 6,221
  • Gross Building Area: 6,626
  • Building Area: 5,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,060
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK LAKE 2 REPLAT LOT 17 - BOV
  • Land Acres: 0000005981
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 1 PARK LAKE 2 REPLAT LOT 17

Neighborhood

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

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: B20-B
  • Account Number: R0035751
  • Parcel: R0035751
  • Lot: 1
  • Meridian: SEC 29 TWN 1N RNG 69
  • Municipality: BOULDER
  • Latitude: 40.0286
  • Longitude: -105.148

    Address

  • Full Address: 2955 Park Lake Dr
  • Address - House Number: 2955
  • Address - Street Name: Park Lake
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: R002
  • 4-Digit Zip Code: 5138
  • Zip Code: 80301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,329,316
  • Tax Rate Code Area: 00-251

    Appraisal Valuation

  • Standard Deviation: 0.1391
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 83
  • Final Value: 3,229,431
  • High Value: 3,678,702
  • Low Value: 2,780,160

    Market Valuation

  • Market Total Value: $2,837,300
  • Market Land Value: $1,259,600
  • Market Improvement Value: $1,577,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,943
  • Assessed Land Value: $85,212
  • Assessed Improvements Value: $106,731

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3967912
  • Previous Sale Recording Date: Mar 03, 1977
  • Previous Sale Contract Date: Mar 03, 1977
  • Previous Sale Amount: $36,000
  • 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:

$725,000

Sale Price/ft²

$376

Above Asking

0.00%

Average Days on Market

55

Average Home Size

2328 ft²

Average Home Age

37.8 years

Currently For Sale

2314 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 2955 Park Lake Drive built and last sold?
The property at 2955 Park Lake Drive was built in 1977 and last sold on Jun 17, 2022 for $3,375,000.
How much is this home worth?
The estimated value of the home located at 2955 Park Lake Drive is $0.
What are some comparable homes to 2955 Park Lake Drive?
There are currently no comparable homes to 2955 Park Lake Drive.
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