The TOP Boulder Real Estate Sales of 2016 (Deal #3)
by Osman Parvez
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Drive out of town on Lee Hill Road into the foothills, and you’ll pass some of the most spectacular and exclusive real estate in Boulder. Wineglass Ranch comprises five large parcels on the north side of the road, each with 5 to 8 acres of land, directly abutting City of Boulder open space.
415 Lee Hill Road was the #3 top deal of 2016.
Note: This post is part of a series highlighting the top real estate deals of 2016. Top sale #4 is HERE.
415 Lee Hill Road | $5.9MM
Sitting on 5+ acres of exceptional Boulder real estate, the main house sprawls over 8,000 SQFT. Constructed in 2014, it features four bedrooms and eight baths, a pool house, barn with a second garage and home office, and a “school house” with a full kitchen.
Click HERE for the eye candy.
Deal Notes: Aggressively overpriced, it was first listed at $7.5MM in the spring of 2015. The seller eventually came to their senses and slashed the price to $6.5MM in May of 2016 before finally accepting an offer for $5.9MM.
Discounts do not increase desirability. Price it right for a shorter listing period and maximum value, or overprice and chase the market. This deal illustrates the point.
By the way, if you had bought this Wineglass Ranch trophy last year, you could have leaned over your back fence and chatted with David Jacobs, founder of Spyder. You could also buy his house. It was on the market last year for $7.25MM .
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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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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.
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More about the author
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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