Score
0Boulder, CO
8393 Stoneridge Ter
1.5M
4 beds
3 baths
3,100 sqft
4 bd • 3 ba • 3,100 sf
This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,495,000
Price/Sq.Ft
$482
Year Built
1978
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime Location with Mountain Views: The property offers stunning 360-degree views of the foothills, Flatirons, Pikes Peak, and the city of Boulder. Its close-in mountain location provides a serene lifestyle while remaining conveniently close to North Boulder's amenities (10 minutes away).
• Large Lot Size: The 1.43-acre lot provides ample space for outdoor activities, privacy, and potential future expansion. This is a significant advantage in the Boulder market, where land is scarce and expensive.
• Updated and Well-Maintained: The property has been recently updated with refinished hardwood floors, new decking, new Hardie Board cement siding, and newer appliances. This reduces the likelihood of immediate maintenance needs and enhances the property's value.
• Unique Garage Features: The attached 4-car heated garage with workbenches, cabinets, and a mechanical pit is a rare find that will appeal to car enthusiasts and hobbyists. The oversized garage door can accommodate larger vehicles or equipment.
The Bad
• High Insurance Costs: The estimated insurance cost of $5382/year is significantly higher than the national average, primarily due to the Severe fire risk (8/10). This ongoing expense should be factored into the overall cost of ownership. The national average for homeowners insurance is closer to $1500/year.
• Reliance on Septic System: The property's 4-bedroom septic system requires regular maintenance and may need replacement in the future. This can be a costly and disruptive process. A typical septic system replacement can cost between $10,000 and $25,000.
• Limited Public Transportation Options: The property's mountain location may limit access to public transportation, making a personal vehicle necessary for most errands and commutes. Boulder's public transportation receives a score of 36/100, which is below average.
• Potential for Higher Utility Bills: The mountain location and older construction (built in 1978) may result in higher utility bills compared to newer, more energy-efficient homes. Buyers should inquire about the property's historical utility consumption.
The Ugly
• Severe Fire Risk: The property's Severe fire risk (8/10) poses a significant threat and could lead to substantial property damage or loss. Buyers should carefully consider the risks and costs associated with fire mitigation and insurance. Properties with this fire risk score are often difficult to insure.
• Older Construction: Built in 1978, the property may have outdated systems and require ongoing maintenance and repairs. Buyers should budget for potential upgrades to plumbing, electrical, and HVAC systems. Homes built before 1980 often contain asbestos, which requires professional remediation before any renovations.
• High Purchase Price: At $1,495,000, the property is priced above the median home price in Boulder, making it unaffordable for many buyers. The high price may also limit the pool of potential buyers and increase the time it takes to sell the property. As of December 2023, the median home price in Boulder is around $950,000.
• Potential for Wildlife Encounters: Living near open space increases the risk of wildlife encounters, such as bears, mountain lions, and deer. Buyers should take precautions to protect themselves and their property from wildlife.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Nature Enthusiasts and Outdoor Adventurers: The property's proximity to hiking trails and its serene, secluded setting will appeal to those who prioritize access to nature and outdoor activities. The 1.43-acre lot offers privacy and space to enjoy the natural surroundings.
• Car Collectors and Hobbyists: The attached 4-car heated garage with workbenches, cabinets, and a mechanical pit is ideal for those with automotive hobbies or a need for ample storage space for recreational equipment.
• Buyers Seeking Updated Mountain Living: With refinished hardwood floors, new decking, new Hardie Board cement siding, and newer appliances, this home offers modern amenities and a move-in-ready experience in a desirable mountain setting.
• Buyers Who Value Views: The property's design maximizes the spectacular 360-degree views of the foothills, Flatirons, Pikes Peak, and the city of Boulder. The wraparound deck and open kitchen/dining area provide ample opportunities to enjoy the scenery.
Not For
• Buyers Seeking a Low-Maintenance Property: While the property has been updated, the 1.43-acre lot and mitigated forest require ongoing maintenance. The Severe fire risk (8/10) also necessitates proactive fire-wise landscaping and home maintenance.
• Buyers on a Tight Budget: The property's high purchase price, estimated insurance costs of $5382/year, and potential for higher utility bills due to the mountain location may strain a limited budget. Buyers should carefully assess their financial capacity before considering this property.
• Buyers Prioritizing Proximity to Urban Amenities: While the property is 10 minutes from North Boulder, it is still a mountain residence that may feel isolated to those who prefer immediate access to shopping, dining, and entertainment.
• Buyers Unwilling to Address Fire Risk: The Severe fire risk (8/10) requires a proactive approach to fire safety, including maintaining defensible space and potentially investing in fire-resistant materials. Buyers uncomfortable with this level of responsibility may want to consider other properties.
Demographics
Area Median Income
$56,362
Property History
Price History
Ownership Timeline
$1,205,000Financed
Sep 29, 2021Jim E Hoste And Mary T Gauvain FmtrEric C Benda, Kathleen C Benda
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 21, 2016Jim E Hoste, Mary T GauvainThe Jim E Hoste And Mary T Gauvain Fami
Intrafamily Transfer
Non-Arm's Length Transactions
$895,000Cash Purchase
May 31, 2016David Rosenberg, Elizabeth MatthewsJim E Hoste, Mary T Gauvain
Warranty Deed
Standard Sale (Purchase/Resales)
$450,000Financed
Jan 31, 2002Michael S Meloth, Nancy Ann MelothDavid Rosenberg, L Elizabeth Matthews
Warranty Deed
Standard Sale (Purchase/Resales)
$334,900Financed
Apr 29, 1996Theodore James Oade, Dana Nanette KritterMichael S Meloth, Nancy Ann Meloth
Joint Tenancy Deed
Standard Sale (Purchase/Resales)
$310,000Financed
Oct 12, 1995George L WatersTheodore James Oade, Dana Nanette Kritter
Other
Standard Sale (Purchase/Resales)
Property Taxes
$8,969
2024 Tax Assessment
16.3%from previous year
Assessed Value$92,561
Tax Rate9.69%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
8.0/10
ExcellentMiddle
8.0/10
ExcellentHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,520
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,495,000
Price/sqft
$482
Layout
4 bd•3 ba
Days on market
22 daysat time of analysis
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$1,988,800
24.8%
Your price is 24.8% below average
Median Price
$1,988,800
24.8%
Based on 3 recent sales
Price per Sq.Ft
$539
10.5%
Your price is 10.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2888 S Lakeridge Trail, Boulder, CO 80302 | $1,988,800 | 3,692 | 3 | 3 | $53911.7% | 10/8/2024 |
| 2888 S Lakeridge Trl, Boulder, CO 80302 | $1,988,800 | 3,692 | 3 | 3 | $53911.7% | 9/27/2024 |
| 2888 S Lakeridge Trail, Boulder, CO 80302 | $1,988,800 | 3,692 | 3 | 3 | $53911.7% | 9/27/2024 |
2888 S Lakeridge Trail, Boulder, CO 80302
Price: $1,988,800
Sq.Ft: 3,692
Beds/Baths: 3/3
$/Sq.Ft:
$53911.7%
Sale Date: 10/8/2024
2888 S Lakeridge Trl, Boulder, CO 80302
Price: $1,988,800
Sq.Ft: 3,692
Beds/Baths: 3/3
$/Sq.Ft:
$53911.7%
Sale Date: 9/27/2024
2888 S Lakeridge Trail, Boulder, CO 80302
Price: $1,988,800
Sq.Ft: 3,692
Beds/Baths: 3/3
$/Sq.Ft:
$53911.7%
Sale Date: 9/27/2024
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