The TOP Boulder Real Estate Sales of 2016 (Deal #9)
by Osman Parvez
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Originally a 1920’s historic Boulder home, the property exchanged hands several times during the past few years before a developer acquired it in 2014. Despite the pre-war historic status, it was completely scraped and rebuilt as a modern house with 2.5x the original square footage.
441 Arapahoe is the #9 top real estate deal of 2016.
441 Arapahoe Ave
6 bedrooms, 6 bathrooms on two levels on about 5,000 beautifully finished square feet. The value comes the contemporary turn-key design, large south facing lot, proximity to downtown, backing to Boulder Creek, and likely protected views of the Foothills.
Click HERE for the eye candy and details.
Deal notes: Boulder designer Lovedy Barbatelli sold the house in May 2011 for $920K. That owner later sold it to a developer in June 2014 for $1.12MM. The build-out cost easily exceeded the $1MM threshold, but the developer’s vision (and later, profit) were certainly there. It listed in April for $3.25MM, went under contract twice but the deals fell apart. The third time was the charm, it closed at the asking price in June.
How they got the project past historic review remains a mystery. Insider comments welcome.
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Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
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 conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
The TOP Boulder Real Estate Sales of 2016 (Deal #9)
by Osman Parvez
—-
Originally a 1920’s historic Boulder home, the property exchanged hands several times during the past few years before a developer acquired it in 2014. Despite the pre-war historic status, it was completely scraped and rebuilt as a modern house with 2.5x the original square footage.
441 Arapahoe is the #9 top real estate deal of 2016.
441 Arapahoe Ave
6 bedrooms, 6 bathrooms on two levels on about 5,000 beautifully finished square feet. The value comes the contemporary turn-key design, large south facing lot, proximity to downtown, backing to Boulder Creek, and likely protected views of the Foothills.
Click HERE for the eye candy and details.
Deal notes: Boulder designer Lovedy Barbatelli sold the house in May 2011 for $920K. That owner later sold it to a developer in June 2014 for $1.12MM. The build-out cost easily exceeded the $1MM threshold, but the developer’s vision (and later, profit) were certainly there. It listed in April for $3.25MM, went under contract twice but the deals fell apart. The third time was the charm, it closed at the asking price in June.
How they got the project past historic review remains a mystery. Insider comments welcome.
—-
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
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 conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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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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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
