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Superior 80027
305 2nd Avenue
$392,688
● Land - Off Market

305 2nd Avenue

Superior, CO 80027
bedrooms
Studio
bathrooms
0 Bath
$438,451
RealtyHop Estimate
3.16%
Since Jan 1, 2023
CO-Denver
Primary Model

About This Property

Build your dream home in bucolic Old Town Superior on 7,000 sf in an excellent location. This lot has been cleaned of fire damage, water tap is installed, electric to the property is ready to go. Town of Superior allows for an (ADU) "Accessory Dwelling Unit. .The lot has alley access and NO HOA. The adjacent lot is listed as well, allowing for more space and privacy. Charming semi-rural feel and less than two blocks from Founder's Park & Coal Creek hiking/biking trails. Close to shopping, grocery stores, restaurants. McCaslin Blvd, Hwy 36, Denver, Boulder, and the RTD station. South Boulder and Downtown Louisville are just minutes away. See attachments in the Documents tab. Buyer to verify with Town of Superior regarding construction requirements.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$181
HOA Dues
-
Year Built
1950

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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 (REcolorado MLS #RECIR965333)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Premium
Sold
May 12, 2022 Listed by WK Real Estate $425,000
Listed by WK Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1955
  • Building Count: 2
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,614
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUPERIOR & SOUTH - SP
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 3 BLK J SUPERIOR SOUTH ADDITION

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 060602

Geography

  • Account Number: R0611183
  • Parcel: R0611183
  • Block: J
  • Lot: 3
  • Meridian: SEC 24 TWN 1S RNG 70
  • Municipality: SUPERIOR
  • Latitude: 39.951
  • Longitude: -105.168

    Address

  • Full Address: 305 2nd Ave
  • Address - House Number: 305
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Superior
  • Carrier Code: R005
  • 4-Digit Zip Code: 9605
  • Zip Code: 80027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $57,250
  • Tax Rate Code Area: 00-216

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 81
  • Final Value: 311,675
  • High Value: 359,152
  • Low Value: 264,197

    Market Valuation

  • Market Total Value: $231,100
  • Market Land Value: $231,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,634
  • Assessed Land Value: $15,634

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3992309
  • Previous Sale Recording Date: Oct 18, 2019
  • Previous Sale Contract Date: Oct 16, 2019
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 71
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 Superior

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$355

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2531 ft²

Average Home Age

13.6 years

Currently For Sale

85 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 305 2nd Avenue built and last sold?
The property at 305 2nd Avenue was built in 1950 and last sold on Dec 15, 2022 for $392,688.
How much is this home worth?
The estimated value of the home located at 305 2nd Avenue is $429,250.
What are some comparable homes to 305 2nd Avenue?
There are currently no comparable homes to 305 2nd Avenue.
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