Put a Fork in it – The Year is Over [Newsletter]
What's New?2023 was quite the ride - with continued but hopefully waning inflation, a huge increase in mortgage rates, and a lot of speculation for how it might impact the real estate market here in Boulder. So, what actually happened? Surprise! There were more high end sales in 2023 than in 2022. Overall, prices are still down from the very peak in 2022, but on average, it's up solidly year over year. Inventory has steadily grown but not at all price points and locations. As most of our buyers will you - it's not enough. We're still dealing with a shortage of homes actually worth buying, [...]
1501 Easy Rider Ln 101 [Boulder Notable]
BOULDER NOTABLE SALE: 1501 Easy Rider Ln 101 | $627K A rare off-market deal for an even rarer property. These two story townhome style units are very attractive for professionals who work from home. They're nicely designed, albeit a touch tight on space. Deal Notes: It can be challenging to price units in this development due to the unique design and limited comparable sales. Considering my experience in this neighborhood, including a sale of a similar unit a few years back, my professional opinion is that the seller may have gotten a significantly higher number on the open market. Sales from several years ago exceeded $600/SF. This illustrates the risk [...]
1715 15th St, Boulder
BOULDER NOTABLE SALE: 1715 15th St 7 | $1.15M Our listing in downtown central Boulder. The value proposition: A large condo with four bedrooms, three baths, in the center of downtown. Unlike the some units nearby, this property was not in a luxury complex, but was in a secure building and featured large community outdoor living spaces. It was a rare downtown Boulder value investment. Sellers made tasteful updates, so we positioned it as a intelligent alternative to luxury options and focused our marketing on the layout, community open space, and downtown lifestyle. Deal notes: On market for just under two months before a buyer locked it [...]
717 Hawthorn Ave [Boulder Notable]
BOULDER NOTABLE SALE: 717 Hawthorn Ave | $3.64MA moderate size four bedroom, five bath in Newlands - a neighborhood we track closely. South facing, newer construction, and a three car garage. Design is relatively textbook for what is considered attractive today. Nothing edgy, which is usually the right answer when maximizing profit. The design of the home is relatively narrow due to the narrow lot. Deal notes: It was on the market only two weeks before attracting a strong offer. 717 Hawthorn Ave sold at only a 1.6% discount to list price, cash. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the [...]
2255 Emerald Rd [Boulder Notable]
BOULDER NOTABLE SALE: 2255 Emerald Rd | $3.92M A gorgeous, newer home in north central Boulder, in a pocket of unincorporated Boulder County, right in the city. Designed with sustainability in mind and with unique custom architecture, it's a fetching property - but given its unique design, not for everyone. The home itself features four bedrooms, four baths, and about 3,800 SQFT, but more importantly LEED Platinum/Net-Zero design. This is a very rare thing in a home, and unlike a spec project, nothing in this home was chosen to maximize profit. It was carefully curated and designed by the owner as a respite, away from the hustle and bustle of the [...]
4651 Eldorado Springs Dr [Boulder Notable]
BOULDER NOTABLE SALE: 4651 Eldorado Springs Drive | $7.37MMarketed with a nod to the Yellowstone television series but, weirdly, not looking anything like the iconic ranch. Clearly the listing agent has never seen the show. Costner would be terribly disappointed. In all seriousness, this property is in one of the most rare and exclusive spots in Boulder County. It's directly adjacent to South Boulder Creek, beyond which exists extensive open space and some of the nicest trails in Boulder. A few years back, we sold a property to long-time clients just up the street from this home. It's truly a special spot. The trophy home features a healthy 5,855 [...]
3307 4th St [Boulder Notable]
BOULDER NOTABLE SALE: 3307 4th St | $4.5M We saw this property multiple times with our Newlands buyers during the first quarter. It was ultimately ruled out due to lack of privacy and deferred maintenance (at this price point in Boulder, buyers expect turn-key condition). This home had some very attractive features, including the covered patio and detached studio. The indoor/outdoor transition was also well executed. Deal Notes: Originally listed at $5M, 3307 4th Street sat on the market for an extended period and underwent one significant price reduction during its ~3 months on market. It eventually sold for $4.5M or $300K below the last list price [...]
1175 Georgetown Rd [Boulder Notable]
BOULDER NOTABLE SALE: 1175 Georgetown Rd | $3.6MWe toured this property multiple times with our buyers. It’s one of the most beautiful homes we’ve seen ever listed in the Table Mesa neighborhood. A clean sheet design from the ground-up, it’s rare to see a spec home with this level of design. Deal Notes: Originally listed just below $4M, the challenge for the seller was the lack of comps at a similar level in the neighborhood. To make matters worse, shortly after listing, a redevelopment began directly behind the house. Uncertainty regarding how the views and privacy would be affected by the newly constructed neighboring property [...]
2265 Knollwood Dr [Boulder Notable]
BOULDER NOTABLE SALE: 2265 Knollwood Dr | $3.6MKnollwood is a tiny and little known neighborhood in Boulder, tucked just south of the Mt Sanitas trailhead. Although only steps from downtown, it’s also in unincorporated Boulder County (for now). There’s some probability the city will annex Knollwood in the near future. Constructed in the early 70’s, this home will likely be extensively remodeled by the new owner. Two-stories are generally easy for a remodeling project and the lot size and adjacent home sizes should support an addition. The property backs to city owned open space, just below the Red Rocks Spur Trail. Proximity to Mt Sanitas is [...]
9006 Jason Ct [Boulder Notable]
BOULDER NOTABLE SALE: 9006 Jason Ct | $3.6MWhite Hawk Ranch is a subdivision of larger luxury homes, mostly constructed in the early 2000’s. The typical home in this neighborhood is generously proportioned and sits on a 1+ acre lot. With over 7,000 finished square feet, 9006 Jason Court features five bedrooms, six baths, and an extensive renovation. For unknown reasons (likely privacy), photographs and virtual tours have been removed from the listing. Sales in White Hawk Ranch are sparse. Only three or four homes come to market in a given year. 9006 Jason Ct was the third sale for the year and towards the top [...]
3625 Cloverleaf Dr [Boulder Notable]
BOULDER NOTABLE SALE: 3625 Cloverleaf Dr | $3.2MAn extensively reimagined home in the Melody Neighborhood. We showed it in 2021, when it sold for only $2.3M. Turn-key homes sell quickly and for a premium in our local market, due to the limited availability of qualified general contractors and a massive project backlog. My recollection of the home is the layout was a bit challenged, though very modern and efficient in its design. The transom windows at the top of the main living areas added a ton of natural light to the interior, without compromising privacy. Deal Notes: On the market for only a week before a buyer [...]
3715 Cloverleaf Dr [Boulder Notable]
BOULDER NOTABLE SALE: 3715 Cloverleaf Dr | $2.2MJust five houses to the north of 3625 Cloverleaf, which sold for $3.15M six days earlier. A raised ranch with four bedrooms, four baths, and about 3,100 F. SQFT. Marketed as a new home, the developer actually repurposed the existing foundation and other structural elements of the home (just like 3625 Cloverleaf). Acquired for only $910K in May 2021. Permits applied in October (five months later) and issued in February 2022 (another four months). Believe it or not, nine months from acquisition to shovel ready is pretty good in the City of Boulder. Originally listed at $2.7M, the price was cut [...]
1110 Claremont Dr, Boulder
BOULDER NOTABLE SALE: 1110 Claremont Dr | $1.0M A mid-60’s tri-level with a converted garage. Four bedrooms, three baths, and extensive landscaping. Interior was mostly original and ready for an update. Our clients followed our home preparation and staging recommendations thoroughly, which resulted in strong market interest. The successful buyer paid full list with no concessions. To learn more about Table Mesa real estate, watch our video. Full disclosure: This property was a House Einstein listing, by yours truly. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe The ideas [...]
340 S Peak Rd | Fresh Listing
Fresh Listing: 340 S Peak Rd, Boulder | $1.7M An architectural masterpiece. Located at the base of Sugarloaf Mountain, this beautifully designed, south-facing home boasts world class views of the Indian Peaks from outdoor spaces and nearly every room of the house. It's the perfect home for entertaining gatherings of friends or family. Craftsmanship abounds with custom stone, iron work, and wood finishes. Vaulted ceilings soar and glass walls fill the home with natural light. Patios, decks, and balconies create multiple cozy spaces to take in the beauty of Colorado mountain living. Meanwhile, mountain biking and hiking on the Switzerland [...]
6709 Whaley Dr [Boulder Notable]
BOULDER NOTABLE SALE: 6709 Whaley Drive | $1.58MNestled in a pastoral landscape, located between S. Boulder Road and US 36, you'll find a neighborhood with some of the most impressive views in all of Boulder. Commonly referred to as Spanish Hills, although other subdivisions exist, it's also a location that suffered catastrophically during the Marshall Fire. Today, construction activity is underway and in some cases, owners who decided to not rebuild are selling lots. We represented the buyers on the acquisition of this lot last week (3X clients) and can't wait to see what they create. Deal Notes: The lot was listed at $1.75M in September. The final [...]
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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.
