$190,000
$205,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
851 SqFt
SOLD DATE : 05/16/2025
Key Details
Sold Price $190,000
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 851 sqft
Subdivision Arapahoe West Condos
MLS Listing ID 1023681
Sold Date 05/16/25
Bedrooms 2
Half Baths 1
Three Quarter Bath 1
HOA Fees $520/mo
HOA Y/N true
Abv Grd Liv Area 851
Year Built 1975
Annual Tax Amount $711
Property Sub-Type Attached Dwelling
Source IRES MLS
Property 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 offers two parking spaces, 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 enhanced by a land lease making it an excellent option for buyers looking to maximize value. With Airbnb allowed, it offers exceptional income potential and lifestyle flexibility. It's also a great option for CU students facing limited housing availability. Financing options are cash or portfolio loan only. The property is situated on leased land with annual lease payments due each October. The lease amount adjusts annually based on the Consumer Price Index (CPI) and is reassessed every five years upon reappraisal. The October 2024 lease payment was $35,791.11. At closing, the prorated portion of this payment will be credited to the seller and debited to the buyer. The lease payment may qualify as "redeemable ground rent" for tax deduction purposes; buyers are encouraged to consult their accountant for guidance. HOA dues include water, trash, heating, exterior maintenance, and hazard insurance. Electric and gas are billed separately.
Location
State CO
County Boulder
Community Hiking/Biking Trails
Area Boulder
Zoning RES
Direction From Broadway, head west on Arapahoe and turn left into the parking lot just past 4th Street. Continue straight to the southernmost parking area. Unit 6 is in the building adjacent to the open space.
Rooms
Other Rooms Storage
Basement None
Primary Bedroom Level Upper
Master Bedroom 12x12
Bedroom 2 Upper 11x11
Kitchen Wood Floor
Interior
Interior Features Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan
Heating Baseboard
Flooring Wood Floors
Fireplaces Type Living Room
Fireplace true
Window Features Skylight(s),Double Pane Windows
Appliance Electric Range/Oven, Dishwasher, Refrigerator
Laundry Main Level
Exterior
Exterior Feature Balcony, Land Lease
Garage Spaces 2.0
Fence Partial, Wood
Community Features Hiking/Biking Trails
Utilities Available Natural Gas Available, Electricity Available, Other, Cable Available
View Foothills View
Roof Type Composition
Porch Deck
Building
Lot Description Abuts Public Open Space
Faces North
Story 2
Sewer City Sewer
Water City Water, Boulder Water
Level or Stories Two
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Dist Re2
Others
HOA Fee Include Common Amenities,Trash,Snow Removal,Management,Utilities,Maintenance Structure,Water/Sewer
Senior Community false
Tax ID R0065974
SqFt Source Assessor
Special Listing Condition Private Owner
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