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Boulder 80305 Martin Acres
3305 Martin Drive
$989,000
● House - Off Market

3305 Martin Drive

Boulder, CO 80305
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,207 Ft²
$937,576
RealtyHop Estimate
-5.20%
Since Jul 1, 2022
CO-Denver
Primary Model

About This Property

Unique STR opportunity for owner-occupant. This is only the third Martin Acres home in a year  to appear with 2200+ sf above ground.  Spaces are excellent, the light stellar.  The main house has oak floors, vaulted family room and sunroom.  The 2BR lock-off separate quarters has its own entry and porch.  Rental license in place. The location is just as great, the closest to downtown, yet the farthest from busy roads.  Walk or bike to CU and Pearl St.  Martin Park and the Creek Path are a few steps away.
Unit Size
2,207 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$448
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

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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 #RECIR966148)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
May 19, 2022 Listed by eXp Realty LLC $989,000
Listed by eXp Realty LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 2
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 7,725
  • Total Building Area: 2,207
  • Gross Building Area: 2,207
  • Building Area: 2,207
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,207
  • 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: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 1 BLK 9 MARTIN ACRES 1

Neighborhood

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

Geography

  • Assessors Map Reference: B18-K
  • Account Number: R0014191
  • Parcel: R0014191
  • Block: 9
  • Lot: 1
  • Meridian: SEC 05 TWN 1S RNG 70
  • Municipality: BOULDER
  • Latitude: 39.9934
  • Longitude: -105.254

    Address

  • Full Address: 3305 Martin Dr
  • Address - House Number: 3305
  • Address - Street Name: Martin
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: C041
  • 4-Digit Zip Code: 3446
  • Zip Code: 80305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $489,088
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 1,145,292
  • High Value: 1,335,266
  • Low Value: 955,318

    Market Valuation

  • Market Total Value: $1,139,000
  • Market Land Value: $578,300
  • Market Improvement Value: $560,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,053
  • Assessed Land Value: $39,122
  • Assessed Improvements Value: $37,931

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3969549
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 3305 Martin Drive built and last sold?
The property at 3305 Martin Drive was built in 1955 and last sold on Jun 28, 2022 for $989,000.
How much is this home worth?
The estimated value of the home located at 3305 Martin Drive is $999,491.
What are some comparable homes to 3305 Martin Drive?
There are currently no comparable homes to 3305 Martin Drive.
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