BOULDER NOTABLE SALE: 4673 Eldorado Springs Dr | $1.6M
This pocket neighborhood off the road to Eldorado Springs is one of my favorite hidden spots in Boulder. World class hiking trails are steps away, and all the homes are situated on generous lots. The most coveted properties back to South Boulder Creek, directly adjacent to hundreds of acres of protected open space.
4673 Eldorado Springs is a raised ranch built in the late 80’s. Finishes and fixtures had been updated recently, but the home also sustained significant damage during the floods of 2013. It was listed as an estate sale.
Deal notes: The listing history for this home is a mystery. It first hit the market in August at $1.58M. There were no takers after two months, so the seller cut the price to just below $1.5M. The property quickly found a buyer, but they terminated within a week of putting the property under contract. The property returned to market and was available for several weeks before another buyer put it under contract. The final closing price was $1,585,000 – just slightly over the original list price. Why would the buyer pay well over the list price?
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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