Top Boulder Real Estate Sales of 2018 [#8]
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by Osman Parvez
Theodore Roosevelt was still President when 665 12th street was designed and constructed, as it happens, by the same architect as the Hotel Boulderado, A jaw dropping 1908 beauty, it features a wrap-around front porch, classic historic built-ins and period details, and a swimming pool – all within strolling distance to Chautauqua park. For nearly twenty years, it was also owned by actor and director Peter Goldfarb.
At a gain of $3.35MM over the seller’s ownership period, it appreciated at a rate of about 8.2% excluding any improvements. That’s why the smart money often focuses on historic properties.
Pictures and Details
Historic homes may never gone out of style but they can be challenging to price and sell. Wishful thinking remains a poor marketing strategy. Deep market knowledge is the key to accurate pricing.
Originally listed at $5.85MM in 2016. The sellers tried for two years to find a buyer before pulling off the market at the end of 2017. It finally sold off market, in the spring of this year at $4.3MM or $653/F.SQFT.
Pro tip: Can’t find the home of your dreams? Savvy Boulder Realtors sift through expired and withdrawn listings.
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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.
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Top Boulder Real Estate Sales of 2018 [#8]
—
by Osman Parvez
Theodore Roosevelt was still President when 665 12th street was designed and constructed, as it happens, by the same architect as the Hotel Boulderado, A jaw dropping 1908 beauty, it features a wrap-around front porch, classic historic built-ins and period details, and a swimming pool – all within strolling distance to Chautauqua park. For nearly twenty years, it was also owned by actor and director Peter Goldfarb.
At a gain of $3.35MM over the seller’s ownership period, it appreciated at a rate of about 8.2% excluding any improvements. That’s why the smart money often focuses on historic properties.
Pictures and Details
Historic homes may never gone out of style but they can be challenging to price and sell. Wishful thinking remains a poor marketing strategy. Deep market knowledge is the key to accurate pricing.
Originally listed at $5.85MM in 2016. The sellers tried for two years to find a buyer before pulling off the market at the end of 2017. It finally sold off market, in the spring of this year at $4.3MM or $653/F.SQFT.
Pro tip: Can’t find the home of your dreams? Savvy Boulder Realtors sift through expired and withdrawn listings.
—-
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.
