985 7th Street [Notable Sale]

|October 25, 2021|Uncategorized|


NOTABLE SALE: 985 7th Street | $2.4M  

What Makes It Notable?  
A custom mid-century home from the 1960’s, the overall design was funky and quite dated. We toured it twice with clients while it was available, and both times, we concluded the compromises outweighed the privacy of the lot and uniqueness of the architecture. In particular, the location was difficult to access and tightly nestled next to the neighbors. Ultimately, we just couldn’t get our head around it and envisioned the right end user doing a massive renovation.  

Originally listed at $3.1M, it sat on the market from April through August, going under contract twice before it sold. The successful buyer paid a whopping 12.7% below the last list price. That’s quite the win. I hope they put their savings toward a budget for an extensive remodel project. They’ll need it.  

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Due Diligence  
On paper and in the photos, this home appears quite similar to one we sold a few years ago. They have many functional similarities but on the ground, they’re apples and oranges. This underscores the importance of seeing homes in person. The compromises are never obvious from a virtual tour, photos, or listing agent provided videography. A site visit is a must to understand the comps.  

Note: The Realtors at House Einstein did not represent the buyers or sellers of this property. Our goal is to educate you on market conditions and recent sales to help you make a smarter real estate decision.


Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.


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. For more information, click HERE.


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Thinking about buying or selling and want professional advice? Call us at 303.746.6896. 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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.  

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Testimonials

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.

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.

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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?
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