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Boulder 80304 Newlands
3131 7th St
$1,850,000
● Land - Off Market

3131 7th St

Boulder, CO 80304
bedrooms
Studio
bathrooms
0 Bath
$1,829,425
RealtyHop Estimate
-1.11%
Since Apr 1, 2023
CO-Denver
Primary Model

About This Property

Opportunity knocks for those that want to build their own home in Newlands! Prime location on triple wide flat lot with alley access. Sanitas views to the West, Flatirons to the South! Modern style floor plans, completed by Steve Dodd Architect for 5,000 sq.ft house+2 car attached garage w/rare 4 bedrooms on upper level. Plans have been submitted with the city for approval already. Tap fees & affordable housing inclusionary fees included. Builder has been lined up to start soon. Over a year's worth of time/money put into the project!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,931
HOA Dues
-
Year Built
1924

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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 (IRES MLS #981806)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Feb 10, 2023 Listed by milehimodern - Boulder $1,850,000
Listed by milehimodern - Boulder
Feb 17, 2016 Sold
Premium
Sold
Nov 4, 1964 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Total Rooms: 4
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 4
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,253
  • Total Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: NEWLANDS - BO
  • Land Acres: 0000000212
  • Standard Land Use Code: 8001
  • County Land Use Code: 0100
  • Legal Description 1: LOTS 31-33 BLK 29 NEWLANDS

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012101

Geography

  • Assessors Map Reference: B17-C
  • Account Number: R0000630
  • Parcel: R0000630
  • Block: 29
  • Lot: 31
  • Meridian: SEC 24 TWN 1N RNG 71
  • Municipality: BOULDER
  • Latitude: 40.0317
  • Longitude: -105.288

    Address

  • Full Address: 3131 7th St
  • Address - House Number: 3131
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CO
  • City Name: Boulder
  • Carrier Code: C021
  • 4-Digit Zip Code: 2511
  • Zip Code: 80304

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,794,246
  • Tax Rate Code Area: 00-010

    Market Valuation

  • Market Total Value: $1,624,413
  • Market Land Value: $1,624,413

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $453,211
  • Assessed Land Value: $453,211

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4002391
  • Previous Sale Recording Date: Feb 17, 2016
  • Previous Sale Contract Date: Feb 17, 2016
  • Previous Sale Amount: $917,000
  • 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 Central Boulder

Stats & Trends

Median Asking:

$1,187,000

Sale Price/ft²

$722

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2054 ft²

Average Home Age

51.7 years

Currently For Sale

286 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

Unit for rent at 2037 Walnut St, CO, 80302

$1,200 /mo

  • 1 Bed
  • 1 Bath
2037 Walnut St, CO, 80302 Listing by Rick Rivera
Unit for rent at 1240 Cedar Ave, CO, 80304

$1,642 /mo

  • 1 Bed
  • 1 Bath
1240 Cedar Ave, CO, 80304 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
IRES

Listed by: Lynn Ryan, milehimodern - Boulder
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 981806
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 3131 7th Street built and last sold?
The property at 3131 7th Street was built in 1924 and last sold on Mar 31, 2023 for $1,850,000.
How much is this home worth?
The estimated value of the home located at 3131 7th Street is $0.
What are some comparable homes to 3131 7th Street?
There are currently no comparable homes to 3131 7th Street.
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