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Boulder 80305 Martin Acres
3490 Berkley Avenue
$1,186,000
● House - Off Market

3490 Berkley Avenue

Boulder, CO 80305
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,408 Ft²
$793,799
RealtyHop Estimate
-6.61%
Since May 1, 2022
CO-Denver
Primary Model

About This Property

Solid ranch in the heart of Martin Acres w/ 4 bedrooms 3 baths and 2 car attached garage, Hardwood floors, two fireplaces, updated kitchen and bathrooms, New Windows, Dishwasher, Egress windows, New paint in/out, stained & polished concrete floors, flagstone patio, corner lot, Studio Shed in back yard. Home is currently Leased for $3525/m until end of May. Move right in or fix it up, this is a great spot. Smart Regs Compliant, exterior wall insulation, Shows a bit rough with tenants. Walk or Bike to everything Boulder has to offer. Trails, bike path, downtown, CU, Whole Foods, RTD, Denver, DIA and I-70.
Unit Size
2,408 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$353
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1962

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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 #RECIR961831)

Price History

Date / Event Date Event Price
Apr 27, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by Compass - Boulder $850,000
Listed by Compass - Boulder
Jul 13, 2005 Sold
Premium
Sold
Nov 29, 1974 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1992
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • 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: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,204
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,650
  • Total Building Area: 2,828
  • Gross Building Area: 2,828
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAM MARTIN HOMESTEAD - BO
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 6 BLK 3 WILLIAM MARTIN HOMESTEAD

Neighborhood

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

Geography

  • Assessors Map Reference: B18-L
  • Account Number: R0010226
  • Parcel: R0010226
  • Block: 3
  • Lot: 6
  • Meridian: SEC 05 TWN 1S RNG 70
  • Municipality: BOULDER
  • Latitude: 39.9927
  • Longitude: -105.252

    Address

  • Full Address: 3490 Berkley Ave
  • Address - House Number: 3490
  • Address - Street Name: Berkley
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Boulder
  • Carrier Code: C005
  • 4-Digit Zip Code: 3436
  • Zip Code: 80305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $440,686
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 79
  • Final Value: 1,126,617
  • High Value: 1,313,155
  • Low Value: 940,079

    Market Valuation

  • Market Total Value: $1,041,200
  • Market Land Value: $630,800
  • Market Improvement Value: $410,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,438
  • Assessed Land Value: $42,674
  • Assessed Improvements Value: $27,764

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3958792
  • Previous Sale Recording Date: Jul 13, 2005
  • Previous Sale Contract Date: Jul 08, 2005
  • Previous Sale Amount: $339,900
  • 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 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

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Frequently Asked Questions

When was property at 3490 Berkley built and last sold?
The property at 3490 Berkley was built in 1962 and last sold on Apr 22, 2022 for $1,186,000.
How much is this home worth?
The estimated value of the home located at 3490 Berkley is $916,763.
What are some comparable homes to 3490 Berkley?
There are currently no comparable homes to 3490 Berkley.
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