Client Preview: 2037 Mapleton Ave [Video]
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by Osman Parvez
A client asked us to take a closer look at 2037 Mapleton Ave so I toured the home yesterday. Attractive, well priced homes tend to go very quickly in Boulder. Video preview are a service we offer primarily to our relocation buyers, but occasionally we do these videos for our local buyers too (when they’re out of town or otherwise can’t attend).
Sadly, 2037 Mapleton shows clear evidence of foundation failure. If you’re considering an offer, I recommend valuing this property at a dirt-lot minus the cost of demolition of the existing structure. The cost to restore it would almost certainly exceed market value.
Supposedly there is already a demo permit issued for the house but a search didn’t turn it up. Given its historic nature, I strongly advise leaving open all contingencies on the contract to check for its validity. You should also verify deconstruction cost. Don’t be surprised if it’s a lot more than you expected.
Our client passed on the property. Here’s the video.
Update: At the request of the seller, we’ve removed the video. Given the circumstances of the sale and the former occupant’s connection to the community, we felt this was the appropriate decision.
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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.
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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 conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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Testimonials
Client Preview: 2037 Mapleton Ave [Video]
—
by Osman Parvez
A client asked us to take a closer look at 2037 Mapleton Ave so I toured the home yesterday. Attractive, well priced homes tend to go very quickly in Boulder. Video preview are a service we offer primarily to our relocation buyers, but occasionally we do these videos for our local buyers too (when they’re out of town or otherwise can’t attend).
Sadly, 2037 Mapleton shows clear evidence of foundation failure. If you’re considering an offer, I recommend valuing this property at a dirt-lot minus the cost of demolition of the existing structure. The cost to restore it would almost certainly exceed market value.
Supposedly there is already a demo permit issued for the house but a search didn’t turn it up. Given its historic nature, I strongly advise leaving open all contingencies on the contract to check for its validity. You should also verify deconstruction cost. Don’t be surprised if it’s a lot more than you expected.
Our client passed on the property. Here’s the video.
Update: At the request of the seller, we’ve removed the video. Given the circumstances of the sale and the former occupant’s connection to the community, we felt this was the appropriate decision.
—-
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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Call us at 303.746.6896
Your referrals are deeply appreciated.
