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750 North St Boulder, CO 80304
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Key Details
Sold Price $780,000
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 2,240 sqft
Subdivision Neikirk Stewart
MLS Listing ID 2720415
Sold Date 02/24/22
Bedrooms 5
Full Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 1,120
Originating Board REcolorado
Year Built 1957
Annual Tax Amount $6,030
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Investment opportunity for short term hold! Seller is a cooperative housing developer seeking to create innovative, attainable housing for Boulder. The future of 750 North St is a cooperative home that would allow for owner occupants to generate equity at a low cost of entry, providing much-needed access to home ownership in Boulder with a low barrier to entry. Seller is seeking a Buyer to purchase this property in tandem with an Option for Repurchase with a term of up to 18 months, appreciating at a rate of 6% per year. This opportunity would allow the buyer to invest in a stable asset with fixed return upon repurchase, or to benefit from market rate value if the developer does not exercise their right to purchase within the 18 month term.
The top floor features a 3 bedroom 1 bath apartment and a 2 bedroom 1 bath apartment below. In March 2021, property appraised at $1.01M. Seller will consider traditional offers for purchase, but will prioritize offers with repurchase agreement and property lease.
Location
State CO
County Boulder
Area Boulder
Rooms
Primary Bedroom Level Main
Bedroom 2 Main
Bedroom 3 Main
Bedroom 4 Lower
Bedroom 5 Lower
Interior
Heating Forced Air
Exterior
Waterfront false
Roof Type Composition
Building
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Bi-Level
Structure Type Wood/Frame,Block
New Construction false
Schools
Elementary Schools Whittier Int'L
Middle Schools Casey
High Schools Boulder
School District Boulder Valley Re 2
Others
Senior Community false
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