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Boulder 80302 Lower Arapahoe
505 Marine Street
$3,600,000
● House - Off Market

505 Marine Street

Boulder, CO 80302
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,045 Ft²
$3,986,874
RealtyHop Estimate
0.93%
Since Nov 1, 2022
CO-Denver
Primary Model

About This Property

Beautifully reimagined and renovated, this 1902 Historic Boulder home embraces the past while catering to modern contemporary living. This property boasts an outstanding location on one of Boulder's best blocks, and is just steps from hiking/biking trails, Boulder Creek, and the Pearl Street Mall. Modern living meets timeless design and offers an open floor plan perfect for everyday living and entertaining. This West Marine corner lot extends over 10K SF. This compound consists of the main house and two outbuildings. These outbuildings include a separate carriage house and a renovated garage that is the perfect studio / gym / office. This home has incredible Flatiron views, is filled with character and charm, and features 4 bedrooms on the upper level of the main house. This is Boulder at its best.
Unit Size
4,045 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$977
Property Type
House
Property Taxes
$1,316
HOA Dues
-
Year Built
1902

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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 #RECIR967937)

Price History

Date / Event Date Event Price
Oct 5, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Compass - Boulder $3,950,000
Listed by Compass - Boulder
Apr 24, 1990 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1995
  • Building Count: 2
  • Total Rooms: 14
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 7
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 515
  • Garage Type: 4
  • Garage Square Area: 370
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,391
  • Total Building Area: 4,006
  • Gross Building Area: 4,006
  • Building Area: 3,876
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,876
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND LAWN - BO
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: W 1/2 S 1/2 LOT 5 BLK B HIGHLAND LAWN 2 IMPS

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 012201

Geography

  • Assessors Map Reference: B17-J
  • Account Number: R0000452
  • Parcel: R0000452
  • Block: B
  • Lot: 5
  • Meridian: SEC 36 TWN 1N RNG 71
  • Municipality: BOULDER
  • Latitude: 40.012
  • Longitude: -105.289

    Address

  • Full Address: 505 Marine St
  • Address - House Number: 505
  • Address - Street Name: Marine
  • Address - Suffix Type: St
  • State: CO
  • City Name: Boulder
  • Carrier Code: C037
  • 4-Digit Zip Code: 5832
  • Zip Code: 80302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,648,048
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: May 17, 2023
  • Confidence Score: 79
  • Final Value: 3,473,234
  • High Value: 4,049,352
  • Low Value: 2,897,116

    Market Valuation

  • Market Total Value: $3,331,000
  • Market Land Value: $1,439,100
  • Market Improvement Value: $1,891,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,342
  • Assessed Land Value: $97,355
  • Assessed Improvements Value: $127,987

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3984037
  • Previous Sale Recording Date: Apr 24, 1990
  • Previous Sale Contract Date: Apr 24, 1990
  • Previous Sale Amount: $265,000
  • 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 Central Boulder

Stats & Trends

Median Asking:

$1,150,000

Sale Price/ft²

$727

Below Asking

0.03%

Average Days on Market

62

Average Home Size

2145 ft²

Average Home Age

50.4 years

Currently For Sale

281 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 505 Marine Street built and last sold?
The property at 505 Marine Street was built in 1902 and last sold on Oct 3, 2022 for $3,600,000.
How much is this home worth?
The estimated value of the home located at 505 Marine Street is $3,961,220.
What are some comparable homes to 505 Marine Street?
There are currently no comparable homes to 505 Marine Street.
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