A Telecom Exec’s Trophy Home and Multifamily Investments [Fresh Listings, Get ‘Em Hot]
We’ve scoured through the new real estate inventory. We culled the recycled listings, the bad locations, and the egregiously overpriced. Here’s the best of the bunch.
What’s worth looking at this weekend? Call your agent. It’s time to schedule a showing.
To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896.
Boulder
8932 Mountain View Lane | $5,700,000 | More Details
How would you like to use a different bathroom every day of the week? Here’s your chance.
8932 Mountain View is a sprawling mansion in unincorporated Boulder County boasting over 14,000 square feet and 10 bathrooms. It has killer views, although the train runs nearby. The location has easy access to Boulder and high tech jobs along US36. The lot backs to City owned Open Space. Close to retail at 95th and Arapahoe. 5 car attached garage for the toys. The seller is one of the founders of Level 3 (one of my old equities research universe companies). Due diligence: Confirm the “open space” is not really a “planning reserve” before submitting.
540 Iris Avenue | $1,095,000 | More Details
Value proposition: a large lot in Newlands on a quiet street with a house of little historic value. Due diligence: visit the planning department and confirm the lack of historic interest by the City before closing. You never know, this could have been a one-time summer residence of the guy who invented the question mark, necessitating extensive city staff time and outside consultants to research the history of punctuation. The end result could be adverse landmarking. Believe me, you don’t want to end up like these people.
2335 Hillsdale Way | $849,900 | More Details
If you go by the appreciation rate alone, this house is a value investment. It last sold in July 2013 at $730K. At the asking price, you’re looking at only ~5.6% per year of gain during a time period when the city experienced double digit appreciation. The interior could use some updates. The location within Table Mesa is solid. Side note: The listing agent is a pro with a mean kickball pitch.
726 Pearl Street B | $679,000 | More Details
Under $800K for a 2 bedroom, ~1300SF townhome in the heart of downtown Boulder. HOA is only $175/month and you even get a parking spot. ‘Nuff said.
4896 McKinley Drive | $675,000 | More Details
This is the entry level for Table Mesa. Quiet street, basic ranch with a full basement. Gillaspie is nearby which does get some traffic but that negative is offset by the park, Viele lake, and rec center.
2930 Shadow Creek Dr #305 | $369,000 | More Details
We’ve helped several clients buy and sell in Gold Run over the years. Value is driven by proximity to CU, 29th Street shopping area, and central Boulder. It’s also right on the Boulder Creek path. Within the complex, you’ll want a top floor unit with garage parking and an elevator. This one checks the box for a top floor but lacks the other two. Due diligence: Special assessment for fire suppression system. Noise transfer between units (meet the adjacent unit residents). Also, investment ownership is more than 50% so you’re looking at a likely portfolio loan or more money down.
339 Bobolink Court | $519,900 | More Details
A nice ranch style house with a full basement, built in the late 80’s in a great part of Louisville. We’ve sold a few of this model over the years. The vaulted ceilings make the living areas feel more spacious than the square footage would suggest. The walkability to downtown means you can stumble home from the Street Faire.
Erie
2829 Prince Circle | $550,000 | More Details
The selling points are the spectacular view, updated kitchen, great family friendly layout, and a location nestled deep into the neighborhood. The listing agent obsessed over the sold comps and carefully evaluated the current competitors. It’s priced right. Full disclosure: This is our listing. Open House is Saturday 4/2 from 2pm to 4pm. Multiple offers likely.
Longmont
4322 Bella Vista Drive | $478,000 | More Details
Would you be my neighbor? Delivery drivers get lost, but the private park is a worthy trade. It’s like having a huge lawn that someone else waters and mows. Full of families and kids run rampant all over the neighborhood. It takes about 20 minutes to drive to downtown Boulder, about the same to the new Googleplex. Due diligence: I personally bought an investment property a few houses down from this listing at the end of last year. I’m a believer in this location’s long-term appreciation potential. When Whole Foods opens late this year, it’ll be too late to get in. Yes, despite all the new houses going in.
7298 Mount Meeker Road | $400,000 | More Details
Ignore the Longmont address, this house is really part of Gunbarrel. Great location with nearby open space. Affordable at the asking price.
Investment Opportunities
513 Terry Street | $2,575,000 | More Details
18 Units in a location that will very likely continue to appreciate and gentrify. Expect the rent to increase markedly in coming years.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend rigorous due diligence and professional advice before buying or selling real estate. Powered by Realty Unique, LLC.
Image credit: Darren Bockman
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We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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