$1,375,000
●
Land -
Off Market
951 Rainbow Way
Boulder, CO 80303
Studio
0 Bath
$7,443
Est. Monthly
About This Property
One-of-a-kind lot with spectacular views of the Flatiron Mountains
framed over Baseline Reservoir. Snow-capped back range mountain
views to the west. Private wooded lot creates a special retreat to
build your dream home. Property includes eligibility for membership
to Baseline Reservoir (Currently there is a waiting list). Location
provides best of both worlds with a rural feel, yet just a few
minutes from downtown. Property is on city water and city sewer
provided by Hoover Hill Water and Sanitation.
Unit Size
-
Days on Market
-
Land Size
1.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$692
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 #1005705)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Mar 23, 2024 | Listed by RE/MAX of Boulder, Inc | $1,375,000 | |
| Listed by RE/MAX of Boulder, Inc | |||
| | |||
|
One-of-a-kind lot with spectacular views of the Flatiron Mountains framed over Baseline Reservoir. Snow-capped back range mountain views to the west. Private wooded lot creates a special retreat to build your dream home. Property includes eligibility for membership to Baseline Reservoir (Currently there is a waiting list). Location provides best of both worlds with a rural feel, yet just a few minutes from downtown. Property is on city water and city sewer provided by Hoover Hill Water and Sanitation.
| |||
| Jul 25, 2023 | Listed | $1,350,000 | |
| Listed | |||
| | |||
|
One-of-a-kind lot with spectacular views of the Flatiron Mountains framed over Baseline Reservoir. Snow-capped back range mountain views to the west. Private wooded lot creates a special retreat to build your dream home. Property includes eligibility for membership to Baseline Reservoir (Currently there is a wait list). Location provides best of both worlds with a rural feel, yet just a few minutes from downtown. Property is on city water and city sewer provided by Hoover Hill Water and Sanitation District. Award winning schools K-12. Close to popular biking routes and open space trails for hiking.
| |||
| Dec 23, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2021 | Listed | $1,195,000 | |
| Listed | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East Boulder
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Listed by: Scott Miller,
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1005705
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.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1005705
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