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Boulder 80302
588 Millionaire Dr W
$765,000
● House - Off Market

588 Millionaire Dr W

Boulder, CO 80302
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,028 Ft²
$4,498
Est. Monthly
3.92%
Cap Rate

About This Property

Amazing location, with fabulous views of the plains and Downtown Denver.   3.3  acres, very private, and usable acreage.  This is a very unique house, with pre-stressed concrete girders for the roof and masonry block construction.  South facing with lots of light, open floor plan, 10 foot ceilings.  Large south facing front patio, oversized 3-car garage, storage shed.  Great opportunity to make this your special place/home.  Just 15 minutes to Downtown Boulder.   Property being sold "As Is"
Unit Size
3,028 Ft²
Days on Market
-
Land Size
3.34 acres
Price per sqft
$281
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1985

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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: 2 years ago (IRES MLS #1009780)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Nov 15, 2024 Price Decreased $850,000
↓ $50K (5.6%)
Price Decreased
May 16, 2024 Listed by 8z Real Estate $900,000
Listed by 8z Real Estate
Jul 9, 1984 Sold
Premium
Sold

Property Highlights

Garage
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,288
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 145,436
  • Total Building Area: 3,772
  • Gross Building Area: 3,772
  • Building Area: 2,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUGAR LOAF ACRES - MT
  • Land Acres: 0000003339
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 3 SUGAR LOAF ACRES

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 013706

Zoning

  • Zoning: F

Geography

  • Assessors Map Reference: B36-A
  • Account Number: R0024185
  • Parcel: R0024185
  • Lot: 3
  • Meridian: SEC 29 TWN 1N RNG 71
  • Municipality: MOUNTAIN
  • Latitude: 40.0157
  • Longitude: -105.375

    Address

  • Full Address: 588 Millionaire Dr W
  • Address - House Number: 588
  • Street Segment Direction: W
  • Address - Street Name: Millionaire
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Boulder
  • Carrier Code: H067
  • 4-Digit Zip Code: 9285
  • Zip Code: 80302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $319,872
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 00-188

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: May 17, 2023
  • Confidence Score: 96
  • Final Value: 1,105,206
  • High Value: 1,179,948
  • Low Value: 1,030,464

    Market Valuation

  • Market Total Value: $747,447
  • Market Land Value: $233,100
  • Market Improvement Value: $514,347

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,565
  • Assessed Land Value: $15,769
  • Assessed Improvements Value: $34,796

    Sales

  • Current Sale Contract Date: Jul 09, 1984
  • Current Sale Recording Date: Jul 09, 1984
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 632634
  • Previous Sale Recording Date: Jul 09, 1984
  • Previous Sale Contract Date: Jul 09, 1984
  • Previous Sale Amount: $5,000
  • 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 Boulder

Stats & Trends

Median Asking:

$719,000

Sale Price/ft²

$376

Above Asking

0.00%

Average Days on Market

56

Average Home Size

2346 ft²

Average Home Age

37.4 years

Currently For Sale

2213 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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IRES

Listed by: John Hinkelman, 8z Real Estate
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1009780
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 588 Millionaire Drive West built and last sold?
The property at 588 Millionaire Drive West was built in 1985 and last sold on Jul 9, 1984 for $0.
How much is this home worth?
The estimated value of the home located at 588 Millionaire Drive West is $0.
What are some comparable homes to 588 Millionaire Drive West?
There are currently no comparable homes to 588 Millionaire Drive West.
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