5345 Gallatin Pl [Boulder Notable]

Osman Parvez|January 29, 2024|Arapahoe Ridge, Boulder, Notable Sale|

BOULDER NOTABLE SALE: 5345 Gallatin Pl | $1.5M

The Location: Arapaho Ridge, conveniently located near open space trails (like Bobolink), bike paths, neighborhood retail, Flatirons Golf Course, and Boulder Community Hospital. For more about Arapaho Ridge, check out our “What You Need to Know” video.

The House: This property is a ranch-style home from the late ’90s, featuring original finishes and likely an EFIS exterior. On a visit with a client, we immediately noticed the exterior’s deterioration, evidenced by verdant green moss growth. In addition to the deferred maintenance and lack of updates, this home was a bit too large for our buyer, who remains on the hunt with cash in hand.

The Deal: Listed in July for $1.78M, this home, like many others, felt the effects of the market’s downturn in the second half of the year. After two significant price reductions, it was priced at $1.59M in September. At this point, the seller became open to negotiations, and the property eventually sold for $1.46M. This represented a very favorable and well-negotiated acquisition for the buyer in the fourth quarter, especially considering the scarcity of moderate to larger ranch-style homes in Boulder.

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Note: The Realtors at House Einstein did not represent the buyers or sellers of this property. Our discussion of notable sales is designed to help educate you on market conditions and 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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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

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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