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Boulder 80305 Martin Acres
315 Martin Drive
$740,000
● House - Off Market

315 Martin Drive

Boulder, CO 80305
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,326 Ft²
$739,538
RealtyHop Estimate
9.56%
Since Jul 1, 2021
CO-Denver
Primary Model

About This Property

This ranch home is centrally located near downtown Boulder shopping, restaurants and CU.  Four bedroom home plus 1 1/2  bathrooms.  Full fenced back yard.  Potential for upgrades and pop-up to create equity.  Showings begin Saturday, May 1, Noon to 2 PM and Sunday, May 2, 2 PM to 4 PM.  Offers will be reviewed on Monday, May 3.
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$509
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1955

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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 #RECIR938596)

Price History

Date / Event Date Event Price
Jun 14, 2021 Sold
Premium
Sold
Apr 23, 2021 Listed by Patriot Realty $675,000
Listed by Patriot Realty
Sep 12, 1990 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,922
  • Total Building Area: 1,326
  • Gross Building Area: 1,326
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARTIN ACRES 1 - BO
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 9 BLK 2 MARTIN ACRES 1

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012507

Geography

  • Assessors Map Reference: B18-K
  • Account Number: R0012217
  • Parcel: R0012217
  • Block: 2
  • Lot: 9
  • Meridian: SEC 05 TWN 1S RNG 70
  • Municipality: BOULDER
  • Latitude: 39.9949
  • Longitude: -105.254

    Address

  • Full Address: 315 Martin Dr
  • Address - House Number: 315
  • Address - Street Name: Martin
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: C041
  • 4-Digit Zip Code: 3444
  • Zip Code: 80305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $426,438
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 877,883
  • High Value: 1,021,100
  • Low Value: 734,666

    Market Valuation

  • Market Total Value: $915,600
  • Market Land Value: $600,000
  • Market Improvement Value: $315,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,940
  • Assessed Land Value: $40,590
  • Assessed Improvements Value: $21,350

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3892182
  • Previous Sale Recording Date: Sep 12, 1990
  • Previous Sale Contract Date: Sep 12, 1990
  • Previous Sale Amount: $73,500
  • 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 South Boulder

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$596

Below Asking

0.02%

Average Days on Market

47

Average Home Size

2054 ft²

Average Home Age

50 years

Currently For Sale

64 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 315 Martin Drive built and last sold?
The property at 315 Martin Drive was built in 1955 and last sold on Jun 2, 2021 for $740,000.
How much is this home worth?
The estimated value of the home located at 315 Martin Drive is $693,472.
What are some comparable homes to 315 Martin Drive?
There are currently no comparable homes to 315 Martin Drive.
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