1299 W Boulder Rd

• New Deck with Cable Railing: Adds significant outdoor living space and aesthetic appeal, estimated value add $15,000. • Updated Kitchen with Butcher Block Countertops: Modern kitchen design with functional and stylish countertops, estimated value add $8,000. • Updated Bathrooms with Vessel Sinks: Modern bathroom fixtures and design, estimated value add $5,000. • Mini-split System: Energy efficient heating and cooling, estimated value add $3,000 • New flooring throughout the house • Fresh paint • Updated kitchen and bathrooms • New deck with cable railing • Mini-split system for heating and cooling • Price Position: At $351.72 per square foot, the property is priced above the median sold price per square foot in the 86303 area ($317.00). This premium may be justified by the renovations and acreage, but requires careful comparison to similar renovated properties with acreage. • Appreciation Trend: The property's sale history shows a significant price increase since 2005, but the recent fluctuations (sale at $345,000 in July 2024, then listed at $649,900 in Feb 2025) suggest volatility and potential overpricing. • Negotiation Opportunity: At 23 days on market, the property is within a reasonable timeframe, but approaching the point where buyers may expect price concessions, especially given the overall market trend of longer sale times. • Investment Opportunity: After $3,500 in renovations, potential $6,500 equity gain (185.7% ROI) • Rental Income: $1,769/month with 90% occupancy (0.0% cap rate) • Schools: Homes in areas served by schools with ratings of 5/10 to 6/10 may experience a slightly lower property value compared to areas with higher-rated schools. However, the impact is likely moderate, with an estimated range of 0-5% depending on buyer priorities and the availability of alternative school options (private or charter). • Future Development: No specific planned developments are detailed in the provided data. • The property appears to have good natural light due to the large windows and open layout. The wooded location may limit some direct sunlight, but the overall light quality seems adequate. • The layout appears functional with an open-concept living area. The bedrooms are located on the upper level, providing privacy. The basement area is finished and could be used as a recreation room or additional living space.