340 S Peak Rd, Boulder

4 Bd | 3 Ba | 4,015 Sq Ft

Osman Parvez|January 31, 2024|Boulder, Sold Listings|

BOULDER NOTABLE SALE: 340 S Peak Rd | $1.6M

The Location: Perched on the side of Sugarloaf Mountain, this home is about a fifteen-minute drive from downtown Boulder. It’s situated in a platted neighborhood that includes the key benefit of association road maintenance.

The House: We’ve talked about this house extensively because, well, it was our listing. This was a dream home for the original owner, and the architect they hired did a remarkable job. The house not only maximizes the view but also features a triple solar setup, with passive, hot water, and photovoltaic systems. It stands as one of the best designed mountain houses I’ve encountered in the Foothills surrounding Boulder. I sincerely hope the new owner cherishes it as much as our clients did.

The Deal: Like many properties listed last summer, this one experienced the downturn of the market’s second half, a common risk of summer listings. The seasonal peak is already past by then. The optimal time for testing the market is the first quarter of the year. Nonetheless, the home ultimately sold for $1.6M, $250K more than what our clients paid a few years back, yet at a considerable discount from our original asking price. One key lesson from this listing is the significant impact of additional drive time from town on buyer psychology. During our listing period, we observed the sale of several lower-quality homes at similar prices, but their closer proximity to town was the deciding factor. Check out the video.

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Testimonials

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.

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.

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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