750 S 43rd Street [Boulder Notable Sale]
NOTABLE SALE: 750 S 43rd Street| $1.2M On the market for only a few days, this California Style bungalow attracted a lot of buyer interest and sold for more than list. Key features were the stunning remodel and open floor plan, plus walk out basement to the front. How often can you see Flatiron views from your basement? You can in this house.Market notes: $1.2M is now the going rate for a well maintained, updated ranch with a full size basement in Majestic Heights and into Martin Acres. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to [...]
730 South 46th Street [Notable Sale]
NOTABLE SALE: 730 South 46th Street | $1.7M Why Notable? Sold as an incomplete project in April, the developer successfully doubled the acquisition price on this two-story in South Boulder. The work undertaken appears to be mostly cosmetic, with no additional square footage. Even the rooftop deck was pre-existing. This one was marketed on the builder's supposed reputation for craftsmanship. They also added one additional bedroom and two additional baths. Due Diligence The CU South project looms in close proximity to this perch. For decades, the land has been utilized by the neighborhood for walking and running trails. It's unclear exactly how that will change in the coming years. [...]
130 South 31st Street [Notable Sale]
NOTABLE SALE: 130 South 31st Street | $810K Why Notable?A basic three bedroom, two bath Martin Acres Ranch without a basement. It was on the market for two full weeks before receiving an offer, and it sold for $15K below the list price.Market Note The seller acquired the home in September, 2020 for $540K, and it's unlikely they put in more than $100K worth of renovations. Nice flip. Also, note the lack of egress windows in the bedrooms.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 Realtors at [...]
365 South 40th Street [Notable Sale]
NOTABLE SALE: 365 South 40th Street | $950K Why Notable? A renovated ranch with a basement in Martin Acres. This appears to be the Martinique model, the most expensive and flexible style of ranch in the neighborhood. The remodel work looks tasteful and turn-key. No surprise, it sold for $21K over 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 | Subscribe Assuming the market continues at the current trajectory, with limited inventory and shockingly high buyer demand for the fourth quarter, we anticipate ranches that have been remodeled will be regularly touching [...]
155 South 33rd Street [Notable Sale]
NOTABLE SALE: 155 South 33rd Street | $850K Why Is It Notable? This is a basic ranch with a small addition on the back, located on a quiet street in Martin Acres. Most of the finishes have been updated from when the home was originally built in the 1950's, but they still appear quite tired. This street is very quiet, compared to some in the neighborhood. Lot size is slightly larger than most. Overall, this was a solid purchase by the buyer - who wisely waited a couple of weeks to negotiate $25K off the list price plus an additional $4,100 in concessions. Like this [...]
410 South 40th Street [Notable Sale]
NOTABLE SALE: 410 South 40th Street | $825K What Makes It Notable? About mid-block on 40th street in Martin Acres, with a dated - possibly original - interior finish. This ranch with a full basement appears to be the Martinique model, which was the most desirable of the floor plans available when this neighborhood was constructed in the 50's. Ranches with basements continue to be attractive options for remodel+addition projects. 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 Due Diligence Some streets are quieter than others in Martin Acres. Some homes also allow [...]
265 30th Street [Notable Sale]
NOTABLE SALE: 265 30th Street | $1.01M What Makes It Notable? An extensively remodeled Martin Acres ranch with the garage converted to finished space and addition in the back. This sale sets a new high water mark for the neighborhood and it’s a pattern we’ve seen elsewhere in Boulder. Larger ranches are in high demand, especially when modernized, even if they lack a garage. It sold for $120,000 over asking. 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 Realtors at House Einstein did not represent the buyers or [...]
4515 Martin Drive [Notable Sale]
NOTABLE SALE: 4515 Martin Drive | $785K Why Is It Notable? There are only a handful of Cape Cod style houses in Martin Acres, most are clustered together near this part of the neighborhood. This one lacked a basement and was located on a busier street. The first buyer locked it down after only four days on market, but terminated for undisclosed reasons. After a series of price changes, and nearly two months on market, the second buyer lobbed in a low offer and was successful in negotiating a 5.9% discount to the asking price. This deal is a good example for how [...]
325 Martin Drive [Notable Sale]
NOTABLE SALE: 325 Martin Drive | $705K Why Is It Notable? An unremarkable Martin Acres ranch with an unpermitted 4th bedroom in the garage. It's a location I know well. After all, I lived only a few doors down for many years. It's a great spot, perhaps a bit busier than most in Martin Acres (it's a through street) but filled with great neighbors. We were direct participants in this particular bidding war. Our buyers wrote a strong offer and were disciplined in their approach. They were not successful. This is a tough, tough market for disciplined home buyers. Sometimes buyers lose a few before they lock one down. It's all [...]
375 South 40th Street [Notable Sale]
NOTABLE SALE: 375 South 40th Street | $953K Why Is It Notable? This basic ranch with a basement appears to be the Martinique model - the largest of the 50’s era homes that fill this neighborhood. This one had some nice updates, and the market responded as you’d expect. It was available only for a few days, and the buyer paid $952.5K, or $13K over asking, with a conventional mortgage and no disclosed concessions.It's notable because the neighborhood is filled with similar houses, and this is a good comparable for the coming spring/summer market.Like this content? Check out Fresh Listings. It's our review of the most [...]
Is Boulder Real Estate Headed for a Fall? [Analyze This]
Believe it or not, Governor Polis declared a state of emergency in Colorado almost a month ago. Should I still wait to list my home for sale? Will there be buying opportunities ahead? These are the types of questions we are receiving from our clients every day. Unlike the stock market, the real estate market tends to react slowly to changing conditions. This inefficiency creates opportunity, for buyers who understand the market and have the patience to wait, or for sellers who see what's coming and want to get ahead of the trend. Either way, it's important to have a [...]
Are There STILL Bidding Wars? [Notable Sales]
Surprise! Showings in Boulder have fallen to a trickle, but confident buyers are moving forward. As we predicted in our video analysis last week, this seems to be happening at lower price points where demand far outstrips supply of available homes. We anticipate that as the "new normal" continues to develop, the market for homes at higher price points will also start to revitalize. In the interim, there are deals out there. Remember: Intelligent real estate decisions are based on deep market knowledge. There is no substitute. Let's take a look at some recent closings. Sold Listings of Note 3500 [...]
Home Runs and Hobby Farms [Boulder Notable Sales]
As Babe Ruth once said, "Don't let the fear of striking out keep you from playing the game." So swing batter, swing because this week we cover five notable sales, including a highly profitable spec home built on the bones of a basic ranch and a hobby farm that tested the market (and failed). Buy your peanuts and cracker jacks, we're taking you out to the ball game! For private showings and discussion of market conditions, valuation, and negotiation strategy, call Osman at 303.746.6896. My goal is to help you make a smarter real estate decision. Sold Listings of Note 1250 Albion [...]
Ready for the Spring Market, Mr. Tibbs? [Boulder – Fresh Listings]
From spacious family houses to a small duplex, we cover a lot of territory this week. We also venture further out of the Boulder bubble to look at the value provided in adjacent locations like Indian Peaks and Gunbarrel. Take a look, you might be surprised. Market update: As of this writing, 42.2% of available inventory is under contract in Boulder - substantially slower than last year. Full market analysis coming next week. Buyers, now is the time to be judicious in your property selection and disciplined in your negotiations. Sellers, the writing is on the wall. If you're serious about [...]
Would You Be My Neighbor? [Coming Soon]
by Osman Parvez ---- Heads up. This 5 bedroom, 2 bath is about to hit the market in Martin Acres. Lots of updates. Brand new back lawn with sprinkler system. Great location on a quieter street. Priced fairly. Call me for details. ---- Want to get blog updates via email? Click HERE. Ready to buy or sell? Schedule an appointment or call 303.746.6896. You can also like our Facebook page or follow us on Twitter.As always, your referrals are deeply appreciated. -- The ideas and strategies described in this blog are the opinion of the [...]
