701 Spruce St
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | Listed by RE/MAX Alliance-Boulder | $5,750,000 | |
| Listed by RE/MAX Alliance-Boulder | |||
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Imagine a lifestyle where one can enjoy the modern convenience of walking barefoot on radiantly heated, recently refinished Scandinavian styled hardwood floors, while feeling the exquisite filigree of a door knob made 120 years ago. Or cooking in a modern, expertly crafted Bulthaup kitchen while delighting in the tall ceilings, abundant windows and other intangibles of a bygone era of fine craftsmanship. Or harvesting fruits & berries from your own private 1/3 acre before strolling to the bookstore and lunch at one of Boulder's Michelin star restaurants. Or walking a few blocks to your favorite trailhead for a hike, or grabbing your skis to walk to the bus to Eldora Ski Resort, before playing a rousing game of croquet on your green grass lawn and eating dinner al fresco on the flagstone patio. This is the lifestyle that 701 Spruce offers. On the market for the first time in 21 years, this magnificent property sits on two 7000+ SF lots, with the impeccably restored circa 1900 farmhouse and carriage house on one lot and on the other: expansive lawn, flagstone patio, and mature trees and shrubs, many of them edible and fragrant. This is a rare and extraordinary offering on Mapleton Hill, Boulder's most revered neighborhood, prized for its close proximity to Pearl Street and acres of open space and hiking, alongside the charm of its tree-lined streets and gracious historic architecture. This property is move-in ready, and includes thoughtful and meaningful updates like an incredible cooks kitchen, stylish bathrooms, radiant heating and mini-split cooling, beautifully crafted and functional built-ins, dedicated office, gym and guest suite. Yet it also holds the rare opportunity to create a more substantial family compound, given the size of the two lots, while still maintaining remarkable privacy, views, lush landscaping and expansive grounds. With details too numerous to list, we invite you to visit Boulder Luxury Group website for additional photos and information.
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| Jun 30, 2003 | Sold | ||
| Sold | |||
| Aug 22, 2000 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017