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1 Bed, 1 Bath - $171,885 - Closed July 2020

1 Bed, 1 Bath - $171,885 - Closed July 2020

In response to COVID-19, the City of Boulder Homeownership Program has made temporary program adjustments. Please visit this webpage for details.



Property Description

Live in downtown Boulder on Pearl Street and walk to everything! This 814 SF 1 bedroom/ 1 bath condo is on the 3rd floor of a mixed-use, secure building with an elevator. Beautiful, modern white interior and high exposed ceilings. Huge. private, walk-in storage unit in the building on the first floor. Assigned, uncovered parking space behind the building. Bike parking inside the building's heated garage. Views from the condo are to the exterior 3rd floor walkway and onto the unit's small patio/wall of the next building over - no mountain views.

  • Max Price: $171,885
  • 1 bedroom, 1 bathroom
  • Square Feet: 814
  • HOA: $282.24/month. Last HOA increase was $23.91 in March, 2020.       (HOA evaluation check list) pdf
  • HOA Pet Policy: No more than one dog or more than two of a combination of dogs and cats. Dog can not exced 65 pounds.
  • Tax: $1,018/year
  • Parking: Assigned parking space
  • Exclusions: Refrigerator, washer & dryer, AC unit (unit on patio), track lighting system in kitchen/living area, wardrobe in bedroom, outdoor planter, and propane grill (seller open to negotiating the sale of these items outside the real-estate transaction). 
  • This home is Solution Grant eligible (applicants need to qualify)
  • Financing limitation: Due to the mixed use nature of this building (commercial and residential) Fannie Mae and Freddie Mac backed loans can not be used. One should contact their lender before entering the selection to determine if they will be able to get a loan.

Due to HOA and building limitations related to COVID-19, showings are not available.

Property Photos

1637 Pearl #3031637 Pearl #3031637 Pearl #3031637 Pearl #3031637 Pearl #3031637 Pearl #3031637 Pearl #303

See full photo set in the Photo Gallery


Income and Asset Limits


1 person 2 person 3 person 4 person 5 person
$64,160 $73,310 $82,465 $91,620 $99,020


Asset Classification* 1 Person 2 Person 3 Person 4 Person 5 Person
Standard $55,000 $70,000 $85,000 $100,00 $115,00
Recently Divorced $85,000 $100,000 $115,000 $130,000 $145,000
Retired $85,000 $100,000 $115,000 $130,000 $145,000
Permanently Disabled $140,000 $155,000 $170,000 $185,000 $200,000

* Your asset classification can be found on your preliminary certification letter. Please contact us for help determining how you have been classified.

Your down payment will be deducted from your total assets up to 20 percent of the home’s value ($34,377 – for this home). For example, if a two-person household with standard assets calculated by the program to be $90,000 puts $20,000 down they would be eligible ($90,000-$20,000=$70,000 in assets). If you are classified as retired or permanently disabled all the money you put down will be deducted. Please contact us if unsure you are below the asset limit for this home.

Fair Selection Process Details

Click here to better understand one’s prospects in the fair selection process

Entrants for this home’s selection:

Number Entered Tier
2 Work in Boulder Year+ and Certified Year+
6 Work in Boulder year+
0 Work in Boulder less than year and Certified Year+
0 Work in Boulder less than year
0 Certified Year+
2 All other

Tier of applicant that went under contract:

Work in Boulder Year+ and Certified Year+ (number 1 in the selection)

The City of Boulder does not warrant the entire contents of this listing. Some listing information is received from the seller and/or the seller's real estate agent. Prospective buyers and their agents are responsible for verifying listing information in person, through communication with the listing agent or seller, through public records, and other due diligence processes.

Notice of Nondiscrimination

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The City of Boulder, Division of Housing does not discriminate on the basis of race, color, religion, gender, age, national origin, disability, marital status, familial status, sexual orientation or military status in any of its programs, services or activities.

Reasonable Accommodation

The Department of Housing and Human Services, upon request, will provide appropriate aids and services leading to effective communication for qualified persons with disabilities so they can participate equally in programs, services and activities. Anyone who requires an auxiliary aid, communication service, or a reasonable accommodation to participate in a program, service, or activity of the Department, should call the ADA/Section 504 Coordinator at 303-441-3231. For hearing or speech impaired residents, please dial 7-1-1 for Relay Colorado.

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