350 Arapahoe Avenue, Unit 6
$235,000
2
2
851
851
$276
Description
Discover an exceptional investment opportunity at a competitive price point in the heart of Boulder. Ideal for a variety of uses - including an investment property, second homes or student housing - this residence marries affordability with the coveted Boulder lifestyle. The home backs to serene open space, offering a tranquil setting paired with modern amenities. Hardwood floors grace the main level, which features a remodeled kitchen with sleek Corian counters, a cozy wood-burning fireplace and...Discover an exceptional investment opportunity at a competitive price point in the heart of Boulder. Ideal for a variety of uses - including an investment property, second homes or student housing - this residence marries affordability with the coveted Boulder lifestyle. The home backs to serene open space, offering a tranquil setting paired with modern amenities. Hardwood floors grace the main level, which features a remodeled kitchen with sleek Corian counters, a cozy wood-burning fireplace and a convenient powder room. Upstairs, the primary bedroom boasts a private balcony overlooking open space, while a beautifully remodeled bathroom with a skylight adds charm. A finished attic with built-in shelves and another skylight provides versatile storage or creative space. This property's affordability is due to a land lease making it ideal for buyers seeking to maximize value. Cash purchase requested. With Airbnb allowed, this condo offers incredible income potential and lifestyle flexibility. The buyer will purchase the building while leasing the land beneath it until 2073, paying an annual ground rent due every October 1. This ground rent adjusts according to the Consumer Price Index (CPI) and the appraised value of the land with appraisals conducted every five years and has a cap of either 12% of the appraised value or no more than a 50% increase. On october 1, 2024 the initial ground rent was $23,860.74 and the readjusted value after appraisal for additional rent was $11,930.37 due on December 20, 2024. The buyer will also have the right to purchase the real property after 2037. At closing, the prorated ground rent will be credited to the seller and debited to the buyer.
- Listed by Terri Gray • milehimodern - Boulder • 7203238460
Property Details for 350 Arapahoe Avenue, Unit 6
Description 1
Townhome Style Condo, Outside Entry
LISTING UPDATED: 12/27/2024 12:07 AM
Property Details for 350 Arapahoe Avenue, Unit 6
Status | Active |
---|---|
MLS # | 1023681 |
Days on Compass | 7 |
Taxes | $711 / year |
HOA Fees | $5,400 / year |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | Residential-Attached |
Year Built | 1975 |
County | Boulder County |
Building Information for 350 Arapahoe Avenue, Unit 6
Building/Complex350 Arapahoe AveFloor-Stories2Residences-Pet Policy-Year Built1975Building Size-
Property Information for 350 Arapahoe Avenue, Unit 6
Property History for 350 Arapahoe Avenue, Unit 6
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 350 Arapahoe Avenue, Unit 6
Taxable ValueLand-Additions$11,913Total-
Tax Record2023$711 ($59 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt851 SqFtAbove Grade Finished SqFt851 SqFtStyleCondominiumYear Built1975Zoning0000CountyBOULDERAPN1461-36-2-02-006
Schools near 350 Arapahoe Avenue, Unit 6
This home is within Boulder Valley Re 2 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Flatirons Elementary School PublicK to 5 | ||
Boulder High School Public9 to 12 | ||
University Hill Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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