380 Erie Dr [Boulder Notable Sale]
BOULDER NOTABLE SALE: 380 Erie Drive | $1.73M A moderate sized early 70’s tri-level, located on a 12,000 SQFT lot. The home featured three bedrooms, three baths, and an attached garage. Remodeled seven years ago, the interior was still quite current and tasteful. From a location perspective, the home is west facing and around the corner from the CU Chancellors’ residence. I do have to wonder if the new owners were advised on the potential for development of that land. When it occurs, Caddo Parkway to Mohawk could see a lot more traffic. What is currently used as de facto [...]
5392 Nelson Road [Boulder Notable Sale]
BOULDER NOTABLE SALE: 5392 Nelson Road | $1.9M 35 acres of land and 63 shares of Left Hand Ditch, plus a custom mid-90’s sprawling ranch. The interior was yawn inducing and ready for a gut remodel, but the land and water rights alone were compelling. Adjacent open space to the south is owned by the City of Boulder. Expect to see the new owner invest significant post-acquisition capital remaking the bones of this structure into their dream home. Deal Notes: I wrote about this property when it first hit the market last April, noting that the listing information was incorrect. At [...]
2800 5th St [Boulder Notable Sale]
BOULDER NOTABLE SALE: 2800 5th St | $3.5M We took several clients to see this newly constructed home in Newlands while it was on the market. Modern and attractive, it still had several significant challenges. The biggest problem was the layout lacked an easily accessible powder room on the main. The home also suffered from a disconnected and small outdoor living area, and a relative lack of privacy next to its sister house next door.Deal notes: Listed in October of last year, the seller cut the price dramatically after a few weeks on the market. The listing expired, but it [...]
4650 Holiday Dr 201 [Boulder Notable Sale]
BOULDER NOTABLE SALE: 4650 Holiday Dr #201 | $750K Two words: Smart Buy. The Crescent building in the Holiday Neighborhood faces mostly south and fronts on the park. This gives each unit very nice views and a sense of spaciousness. We’ve tracked each sale over the years. It’s a deeply compelling investment opportunity in a solid, well established location. Once construction is completed on Broadway and the Amory is occupied, expect the retail mix in this location to continue to improve. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real [...]
4614 Almond Ln 2 [Boulder Notable Sale]
BOULDER NOTABLE SALE: 4614 Almond Ln 2 | $785K A nearly identical comp listed and sold a few weeks before we took this lovely townhome to market. This unit featured a beautifully updated kitchen and main level, updated windows, new sliding glass door, and more. This helped push the envelope upward +$30K from the previous sale. Deal notes: We love working with repeat clients and this was our third transaction for these sellers. To help maximize sale price, we made sure to reach out to buyers who participated in the bidding war from the most recent comp in the neighborhood. In [...]
3044 8th St [Boulder Notable Sale]
BOULDER NOTABLE SALE: 3044 8th St | $3.18M We showed this home to several sets of buyers last summer when it first hit the market with an asking price of $3.5M. Built 22 years ago, it features five bedrooms, four baths, and about 4,800 SQFT. The home is traditionally designed and sports somewhat dated finishes. Our clients were OK with factoring in a cosmetic remodel, but the deal killer was the limited utility in the tight outdoor spaces. The backyard and outdoor entertaining areas were not up to snuff, at least for our buyers. Deal notes: Listed at $3.5M in June, [...]
1360 Walnut St [Boulder Notable Sale]
BOULDER NOTABLE SALE: 1360 Walnut St #301 | $3.8M The condo and townhome market is a very different world from the heated single family home market, particularly at the higher-end. Originally listed at $4.0M last July, this property was on the market for 6 months before a buyer locked it down.Tastefully refreshed, this eye popping and hip luxury unit features three bedrooms, three baths, four underground parking spaces, and a generous 3,865 SQFT. The location is as good as it gets - downtown, directly across from Central Park and the Farmer’s market. Congratulations to Andy Hawk, the buyer’s agent, for [...]
2227 16th St [Boulder Notable Sale]
Boulder NOTABLE SALE: 2227 16th Street | $1.59M I've looked at this home multiple times for our clients, over multiple listings since 2016. It's a historic and charming carriage house, converted into a two bedroom, two bath home in an idyllic part of Boulder. The foundation and brick construction showed multiple repairs and restorations over the years, but all appeared solid. The standing seam roof was looking a bit on the dodgy side, but otherwise the home was in fairly good shape. The downside was the lack of covered parking.Deal notes: Sure, it needed a few updates here and there, but [...]
536 Apollo Dr [Boulder Notable Sale]
Boulder NOTABLE SALE: 536 Apollo Dr | $2.9M A mid 90’s two-story that survived the fire in Spanish Hills. Although the finishes were dated, this was a generously sized home (+8,000 SQFT) in a location minutes from Boulder proper. The views were excellent and the layout conducive for a remodel.Deal notes: On the market for more than two months before an acceptable offer was received. It sold for $50K below the list price. 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 | SubscribeNote: The Realtors [...]
2211 Bluff Street [Boulder Notable Sale]
BOULDER NOTABLE SALE: 2211 Bluff Street | $1.31M The north side of Bluff Street in Boulder has a steep slope, limiting the size of back yards. It also contains a number of townhomes in close proximity, most built around the same time period. Still, it's close to historic districts and in proximity to both downtown and the Google Campus. 2211 Bluff is an early 80's townhome, with one bedroom on the main and two on the upper level. It shares a wall with the neighbor and doesn't have an HOA, which could make ownership (and financing) interesting. From a functional perspective, [...]
What’s Happening in Local Real Estate? [Boulder Colorado]
Increased Rates & Restricted Inventory Rates have inched up past 4.0% and new mortgage applications have plunged. For our local market, which has seen a steady decrease in inventory, year after year, for more than a decade - the impact should be to a mildly cooling appreciation rate. Partial data for February shows 67% of houses and 53% of townhomes and condos were sold for more than list price. The median premium paid was 7.7% for houses and 6.7% for attached dwellings, respectively. Contrast that to January, when nearly 80% of houses sold received a premium. Is this a sign of a cooling [...]
2205 Stony Hill Rd [Notable Sale]
NOTABLE SALE: 2205 Stony Hill Road | $1.65M Why Notable?We're a little surprised that this dated Devil's Thumb listing ended with a sale price $150K over list. When we wrote about it in November, we expected it to sell much closer to $1.5M. It's a smaller, garage-forward, multi-level house with a choppy floor plan and in need of updates. The lot size will probably support a small addition, and everything else can be addressed, inside and out, but the location will likely remain somewhat busy. We look forward to seeing how the new owner transforms it. Like this content? Check out Fresh [...]
833 Laurel Avenue [Notable Sale]
NOTABLE SALE: 833 Laurel Avenue | $1.48M Why Notable?A 70's era two story in Park East on a decent size lot, sporting a relatively fresh remodel. The house features all above grade square footage, five bedrooms, three baths, and a two-car attached garage. Finishes were current. Deal notes: On the market for less than a week, the property sold for $75K over list, with conventional mortgage (i.e. not cash). There were no disclosed concessions. 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 Note: The [...]
1545 Ithaca Drive [Notable Sale]
NOTABLE SALE: 1545 Ithaca Drive | $1M Why Notable?A basic Bi-Level in Table Mesa with original everything, including trippy shag carpet. From a location perspective, the property will get light-splashed from traffic on Findlay, but this part of town doesn't see tons of vehicle traffic. It will likely be redeveloped. For point of reference, we listed and sold a thoroughly updated home that started from the same basic platform a couple of years ago. It's about two blocks away. See 1405 Findlay Way for what's possible.Deal note: On the market for less than a week, 1545 Ithaca sold for $100K over list, [...]
656 Juniper Ave [Notable Sale]
BOULDER NOTABLE SALE: 656 Juniper Ave | $2.75M Why Notable?Another home on a flag lot, but this time with one difficult to correct problem: no yard. Functionally, the home had a split layout and a low bedroom count (where are the home offices going to go?), but the design was at least architecturally interesting. The location just north of Newlands supported the valuation but wasn't close to the quality of some of the neighboring estate homes. Ultimately, inadequate outdoor space and the sheer amount of work needed to remodel the interior killed our client's interest.Mr. Market agreed. It was listed at $3.2M in October and after a month, the seller [...]
