Connie Kraska Boulder Real Estate Agent - 720.309.2862
Boulder Condo ManiaMLS: 1023681 $235,000
2 Bedrooms with 2 Baths350 ARAPAHOE AVE 6 BOULDER CO 80302
BOULDER CO 80302MLS: 1023681
Status: ACTIVE
List Price: $235,000
Price per SQFT: $276
Square Footage: 8512 Bedrooms
2 Baths
Year Built: 1975
Zip Code: 80302
Listing Remarks
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.
Address: 350 ARAPAHOE AVE 6 BOULDER CO 80302 BOULDER CO 80302
Listing Courtesy of milehimodern - Boulder 303-876-1073
Condo Mania Agent
Connie Kraska
LIV Sotheby's International Realty
Broker Associate
Phone: 720.309.2862
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Private Owner LISTING CONTRACT DATE: 2024-12-23 BEDROOMS: 2 BATHROOMS FULL: 0 BATHROOMS THREE QUARTER: 1 BATHROOMS HALF: 1 LIVING AREA SQ FT: 851 BUILDING AREA TOTAL: 851 YEAR BUILT: 1975 TAXES: $711 HOA FEES FREQUENCY: Monthly HOA FEES: $450 HOA INCLUDES: Common Amenities, Trash, Snow Removal, Management, Utilities, Maintenance Structure, Water/Sewer APPLIANCES INCLUDED: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer CONSTRUCTION: Wood/Frame COMMUNITY FEATURES: Hiking/Biking Trails EXTERIOR FEATURES: Balcony, Land Lease FIREPLACE: Living Room FLOORING: Wood Floors HEATING: Baseboard INTERIOR FEATURES: Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan LAUNDRY FEATURES: Main Level LOT FEATURES: Abuts Public Open Space # GARAGE SPACES: 0 PROPERTY TYPE: Attached Dwelling PROPERTY SUB TYPE: Attached Dwelling ROOF: Composition DIRECTION FACES: North VIEW: Foothills View LISTING AGENT: TERRI GRAY LISTING OFFICE: MILEHIMODERN - BOULDER
Estimated Monthly Payments
List Price: $235,000 20% Down Payment: $47,000 Loan Amount: $188,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $1,188 Estimate does not include taxes, fees, insurance.
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Property Location: 350 ARAPAHOE AVE 6 BOULDER CO 80302 BOULDER CO 80302
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Condo Mania Agent
Connie Kraska
LIV Sotheby's International Realty
Broker Associate
Phone: 720.309.2862
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Last Updated: 2025-01-02 05:09:39