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Boulder 80302 Downtown Boulder
612 Spruce Street
$2,400,000
● House - Off Market

612 Spruce Street

Boulder, CO 80302
bedrooms
2 Beds
bathrooms
1 Bath
square feet
731 Ft²
$2,672,316
RealtyHop Estimate
7.11%
Since Nov 1, 2021
CO-Denver
Primary Model

About This Property

One of Boulder's best building opportunities! This 11,815 square foot lot is situated in a prime Mapleton Hill location with great Flatirons views. Remodel potential could be modest or grand depending on your needs. The existing bungalow is 1352 square feet with two bedrooms and one bath plus one car garage. Gorgeous private setting with tons of mature trees. Walking distance to downtown and just steps from Sanitas and other great hiking & biking trails. A rare opportunity in one of Boulder's finest locations!
Unit Size
731 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$3,413
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1941

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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 #RECIR941165)

Price History

Date / Event Date Event Price
Oct 25, 2021 Sold
Premium
Sold
May 25, 2021 Listed by Goodacre & Company $2,495,000
Listed by Goodacre & Company
Jul 2, 2001 Sold
Premium
Sold

Property Highlights

With View
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 16
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 1
  • Basement Area: 621
  • Garage Type: 1
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,815
  • Total Building Area: 1,552
  • Gross Building Area: 1,552
  • Building Area: 731
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 731
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOULDER O T EAST & WEST & NORTH - BO
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: E 75 FT PLUS SM ELY TRI IN WLY 43.5 FT LOT 1 BLK 101 WEST BOULDER AS DESC REC NO 778336 03/03/65 & 636258-59 07/26/84 BCR

Neighborhood

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

Geography

  • Assessors Map Reference: B17-F
  • Account Number: R0004532
  • Parcel: R0004532
  • Block: 101
  • Lot: 1
  • Meridian: SEC 25 TWN 1N RNG 71
  • Municipality: BOULDER
  • Latitude: 40.0173
  • Longitude: -105.288

    Address

  • Full Address: 612 Spruce St
  • Address - House Number: 612
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: CO
  • City Name: Boulder
  • Carrier Code: C009
  • 4-Digit Zip Code: 5018
  • Zip Code: 80302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $772,950
  • Tax Rate Code Area: 00-010

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: May 17, 2023
  • Confidence Score: 81
  • Final Value: 2,175,285
  • High Value: 2,502,271
  • Low Value: 1,848,299

    Market Valuation

  • Market Total Value: $1,704,700
  • Market Land Value: $1,534,230
  • Market Improvement Value: $170,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,323
  • Assessed Land Value: $103,791
  • Assessed Improvements Value: $11,532

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3923287
  • Previous Sale Recording Date: Jul 02, 2001
  • Previous Sale Contract Date: Jun 29, 2001
  • Previous Sale Amount: $600,000
  • 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 Central Boulder

Stats & Trends

Median Asking:

$1,199,000

Sale Price/ft²

$719

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2046 ft²

Average Home Age

51.8 years

Currently For Sale

288 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 612 Spruce Street built and last sold?
The property at 612 Spruce Street was built in 1941 and last sold on Oct 22, 2021 for $2,400,000.
How much is this home worth?
The estimated value of the home located at 612 Spruce Street is $0.
What are some comparable homes to 612 Spruce Street?
There are currently no comparable homes to 612 Spruce Street.
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