Top Boulder Real Estate Sales of 2018 [#4]
—
by Osman Parvez
Completed in 2007 by James Chanin, developer of Boulder’s Landmark Lofts, 1676 Sunset Blvd is the #4 Top Real Estate Sale in Boulder for 2018. This eye catching modern home features a designer kitchen, Gaggenau appliances, minimalist interior and exterior finishes, integrated media, a spa area with a steam room, and more. The private backyard includes gorgeous tiered gardens.
Sunset is desirable due to its exclusivity, excellent views, and short walk to downtown. It’s a coveted location.
Listed in March of last year at $5MM, the seller was confident in their asking price. They held firm, refreshing the listing on a weekly schedule. Summer turned to fall, and like a Tasselled Wobbegong, they waited for the right buyer. Four months later, it sold for $4.8MM ($707/F.SQFT) or 4% below asking.
The property gained $2MM over eight years of ownership, with minimal additional capital expenditure, for a cash on cash return of 1.7x and 7.1% iRR.
Photos and Listing Details
—-
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.
—-
Top Boulder Real Estate Sales of 2018 [#4]
—
by Osman Parvez
Completed in 2007 by James Chanin, developer of Boulder’s Landmark Lofts, 1676 Sunset Blvd is the #4 Top Real Estate Sale in Boulder for 2018. This eye catching modern home features a designer kitchen, Gaggenau appliances, minimalist interior and exterior finishes, integrated media, a spa area with a steam room, and more. The private backyard includes gorgeous tiered gardens.
Sunset is desirable due to its exclusivity, excellent views, and short walk to downtown. It’s a coveted location.
Listed in March of last year at $5MM, the seller was confident in their asking price. They held firm, refreshing the listing on a weekly schedule. Summer turned to fall, and like a Tasselled Wobbegong, they waited for the right buyer. Four months later, it sold for $4.8MM ($707/F.SQFT) or 4% below asking.
The property gained $2MM over eight years of ownership, with minimal additional capital expenditure, for a cash on cash return of 1.7x and 7.1% iRR.
Photos and Listing Details
—-
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.
—-
Related Posts
Share This Listing!
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.
Work with
House Einstein
Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
