January Starts with a Bang [Fresh Listings, Get ‘Em Hot]
It’s mid-January. As usual, inventory has started to rise. Are you ready to see some houses?
This week’s fresh listings include high-end luxury homes, curious investment opportunities, and swanky condos with protected views. There were over 60 new listings that hit the Boulder area market. We’ve culled the bad locations, re-freshed old listings, and otherwise uninteresting properties. Here’s what’s worth seeing.
To schedule a private showing, which includes a discussion of valuation, negotiation strategy, market and price trends, call Osman at 303.746.6896.
Fresh Listings
Boulder
2299 4th Street | $6.25MM | More Details
Built in ’12, this stunning home is minutes from downtown, nestled between Sanitas and Settlers’ Park open space. It’s well appointed with modern finishes and has excellent outdoor and indoor entertaining spaces. From a valuation perspective, the location is spot-on but the photography is off season and there is “money shot” of the Flatirons. Note: Golden Retriever not included.
1618 Spruce Street | $2.3MM | More Details
For those in the know, this property’s RMX-1 zoning in downtown Boulder allows owners special privileges to create and rent out detached secondary dwellings. These spaces often function as home offices, in-law or au pair suites, guest quarters, or provide short-term/long term rental income to offset ownership costs. Even in a down market, buyers snap these up, which translates to lower risk as we near the end of a real estate cycle.
What’s that, your agent never mentioned RMX-1, pretends real estate only goes up, and doesn’t care about capital preservation? Find a better Realtor.
405 Hapgood Street | $2.2MM | More Details
The last few years in Boulder have seen a flurry of remodel and scrape/build reconstruction, especially at the higher-end of the market. Scrapable lots in premium locations have become scarce. This one has an existing post-war structure (easier to demo, permit already issued) and a giant lot, allowing buyers more flexibility to comply with Boulder’s extensive development regulations. It’s a great perch for building your dream home.
3135 4th Street | $1.73MM | More Details
There’s a lot to like about this 15 year old house in Newlands. The location is right on the most popular cycling route through the neighborhood, with social trails into Mt. Saints nearby. The interior still looks contemporary, although it could use a refresh on the outside. Tech features allow owners to monitor the home remotely. The seller paid $1.2MM in 2013.
953 11th Street | $1.43MM | More Details
A nice historic charmer with a classic floor plan. Walk to venues like Chautauqua or Macky Auditorium. Neighborhood has high student density but it varies block to block. One potential issue is the lack of a garage.
As an aside, I’ve negotiated many deals with this listing agent and it’s always a pleasure. He’s a straight shooter and always handles everything with integrity… just like how we roll.
4522 13th Street 6-H | $925,000 | More Details
Full disclosure: I own investment property at Uptown and we’ll be hosting the grand opening of our new office there this summer.
3240 15th Street | $890,000 | More Details
This location is a hidden gem, directly North of the Long Seed Farm and the community gardens. It also has nearby bike path access for a stroll or ride to Ideal Market and even into downtown Boulder. Late 80’s construction and finishes. Minimal quarterly HOA payments. Awesome neighbors (ask me).
701 Pearl Street 4 | $525,000 | More Details
Due diligence: check the popcorn ceiling for asbestos. Maybe you’ll get lucky, but it’s the right vintage.
Louisville
684 W Aspen Way | $530,000 | More Details
Investment Opportunities
1645-1647 7th Street | $769,000 | More Details
A unicorn duplex located in an area with a lot of other rentals, but within close proximity to downtown via the Boulder Creek path. Supposedly, the owner has been occupying both sides and it’s not conforming. Due diligence should include verification of the legal rental potential and a determination of whether future improvements are at all possible. If it’s legit, you can live in one side and rent out the other. Not a bad option for younger buyers or executive/seasonal use.
Photo Credit: Pigoff Photography
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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. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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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.
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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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