416 Pleasant St [Boulder Notable]
BOULDER NOTABLE SALE:
416 Pleasant St | $850KWe took our clients to see this historic home while it was on the market. Built in 1902, it featured three-bedrooms, two baths and plenty of charm. Unfortunately, the home also showed many signs of deferred TLC. The survey markings around the property also raised more questions than they answered. Provided the budget, this home would be a one of a kind gem in a fantastic neighborhood. It was just too much for our clients to take on and they passed.
Deal notes: The home was listed in July at $1.075M and quickly went under contract. The first deal failed, likely due to survey or inspection issues, and it was re-listed a couple of weeks later. This time around, it took about two weeks to go under contract. It eventually closed for a whopping 20.9% below list.
Take home lesson: Sellers take a big risk if they list their home with visible and obvious problems. Boundary issues can also take a big bite out of property’s value. To maximize sale price, address problems proactively and don’t wait for a buyer to discover them. If you’re a buyer, this deal is an example of a diamond in the rough and being willing to engage in a tough negotiation. Even with the work needed, an acquisition price of $850K looks like a steal.
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?
Call us at 303.746.6896
Your referrals are deeply appreciated.
