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Boulder 80305 Martin Acres
355 Martin Drive
$792,000
● House - Off Market

355 Martin Drive

Boulder, CO 80305
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,555 Ft²
$750,988
RealtyHop Estimate
-1.83%
Since May 1, 2023
CO-Denver
Primary Model

About This Property

Wow. What a gem.  This gorgeous, spacious ranch is ready for a new owner! The interior feels quite spacious, as it boasts not one but two large living areas.   The open floor plan leads to a large back wing, where you'll find two beds and a full bath, before arriving at the large, oversized primary bedroom, complete with office nook, two closets, and a half bath. Keep the office nook, or put in a little sweat equity and turn this space into a large walk in closet and larger bath with shower or tub.  Backyard is large, spacious, and private, filled with vegetation and mature trees. Perfect for relaxing or entertaining.  It's close to bus lines and retail, making living the Boulder lifestyle quite easy! Come on home to this wonderful ranch.
Unit Size
1,555 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$492
Property Type
House
Property Taxes
$294
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 #REC6222422)

Price History

Date / Event Date Event Price
Apr 6, 2023 Sold
Premium
Sold
Mar 11, 2023 Listed by Keller Williams DTC $765,000
Listed by Keller Williams DTC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 1
  • Garage Square Area: 286
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,841
  • Gross Building Area: 1,841
  • Building Area: 1,555
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,555
  • 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: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 5 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: R0014221
  • Parcel: R0014221
  • Block: 2
  • Lot: 5
  • Meridian: SEC 05 TWN 1S RNG 70
  • Municipality: BOULDER
  • Latitude: 39.9957
  • Longitude: -105.254

    Address

  • Full Address: 355 Martin Dr
  • Address - House Number: 355
  • 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: $352,262
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: May 17, 2023
  • Confidence Score: 96
  • Final Value: 769,631
  • High Value: 821,679
  • Low Value: 717,583

    Market Valuation

  • Market Total Value: $858,200
  • Market Land Value: $638,600
  • Market Improvement Value: $219,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,057
  • Assessed Land Value: $43,201
  • Assessed Improvements Value: $14,856

    Sales

  • Current Sale Contract Date: Apr 03, 2023
  • Current Sale Recording Date: Apr 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 4003039
  • Previous Sale Recording Date: May 11, 1955
  • Previous Sale Contract Date: May 11, 1955
  • 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:

$982,500

Sale Price/ft²

$597

Below Asking

0.02%

Average Days on Market

47

Average Home Size

2053 ft²

Average Home Age

49.6 years

Currently For Sale

62 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 355 Martin Drive built and last sold?
The property at 355 Martin Drive was built in 1955 and last sold on Apr 3, 2023 for $792,000.
How much is this home worth?
The estimated value of the home located at 355 Martin Drive is $783,365.
What are some comparable homes to 355 Martin Drive?
There are currently no comparable homes to 355 Martin Drive.
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