819 6th St [Boulder Notable]

Osman Parvez|February 6, 2024|Boulder, Notable Sale|

BOULDER NOTABLE SALE: 819 6th St Boulder | $5.3M

The Location: Nestled on a large lot, this property offers an exceptional location, ticking many of the boxes for luxury home buyers. It’s just steps away from Chautauqua, offering a quick and enjoyable bike ride to downtown, while maintaining a relatively low crime rate.

The House: Welcome to the Labrot Residence, a solid example of mid-century modern architecture, originally designed by Hoby Wagener, one of Boulder’s most renowned architects of the 1950s. Wagener’s portfolio includes over two hundred public and private buildings, such as Kittredge Dormitories and Williams Village. Over the years, the interior has been thoughtfully updated with modern fixtures and finishes, yet it retains the original expressionist style of the home. The layout is a unique ‘V’ design, featuring a complex system of butterfly and shed roofs. This exquisite residence includes four bedrooms, six bathrooms, and nearly 5,000 SF of meticulously finished space.

The Deal: The allure of mid-century homes, especially those designed architects like Wagner and Haertling, often commands a premium. However, sky-high pricing can lead to extended listing periods and, eventually, a sale price that may not be optimal for the seller. When selling your home, it’s crucial to assess not only the price suggested by listing agents but also their methodology in determining that figure. Initially offered at an eye-watering $6.4M in March, the price was reduced by $550K after three months. In early September, it underwent a “refresh” with a new listing and an additional $550K price cut. Following this, the listing was “refreshed” nearly every month in a rather intriguing strategy, until it finally went under contract in mid-December. The final sale price was $5.3M, which, with seller concessions, ended up being over $1.1M below the original asking price.

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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

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.

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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819 6th St [Boulder Notable]

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Osman Parvez