Top 10 Premiums Paid in Boulder ’22 #8
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #8 | 5140 Sioux DriveOwned by seller for decades, this 60's era bi-level was listed for $1.1M and sold for $1.46M, or 33% over asking. Here's the skinny...Note: The market is not always rational and while it might annoy the buyer and their agent, I'm going to call it as I see it. 1. There are tons of bi-levels in Boulder and they have limited market appeal. For every buyer I have worked with [...]
The Biggest Discounts in Boulder ’22 #8
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #8 | 2650 Juilliard St.Listed at $3M in April and sat on the market. After 45 days, the sellers capitulated and took a low offer. It closed for 2.55M or 15% below the list price.Lesson 1: Views, coveted location in Table Mesa, and extensive updates aren't enough. Pricing it right from the start matters. Lesson 2: Don't be afraid to offer low on a stale listing. Osman Parvez is the Founder and Employing Broker of House Einstein. [...]
Top 10 Premiums Paid in Boulder ’22 #9
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #9 | 2865 Madera CtListed in Feb for $1.1M, this 4 bed, 3 bath home in Palo Park was originally built in the 70's. On the market for only a few days, it sold for $1.45M or 32% above asking. Here's why:1. Nicely updated throughout, but not just by the seller. The previous listing from '13 also showed updates. 2. Great location: Quiet cul-de-sac in north-east Boulder 3. Popular ranch-style with main level primary bedroom.4. [...]
Top 10 Discounts in Boulder ’22 #9
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #9 | 4090 Baseline Rd.A ranch in Frasier Meadows, originally listed for $1.68M in Aug. 3 months later, agent #1 was out and agent #2 listed it for $1.28M. It sold a month later for $1.1M or 13.7% below last asking. Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has [...]
Top 10 Premiums Paid in Boulder ’22 #10
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #10 3825 Abeyta Ct.Listed for $800K in March, this 2 bed, 2 ba house quickly attracted buyer interest and went under contract. It sold $1.05M, or 31% over the list price. The transaction closed with cash, 2 week close, no disclosed concessions. Here's why it attracted the bidding war...1. Dead end street, backing to the bike path (although some exposure to traffic on 30th).2. Priced right and very little competition.3. Built in the 80's, [...]
Top 10 Discounts in Boulder ’22 #10
As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. The following was originally published on founding broker, Osman Parvez's Twitter. #10 | 1105 Edinboro Drive.Normally two-story homes in Table Mesa sell quickly. This one took 9 months. First listed for $2.3M. Price cut to $1.7M. Final sale price? $1.5M or 13.7% below list. Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005. Osman is [...]
161 S 35th St [Notable Sale]
BOULDER NOTABLE SALE: 161 S 35th St | $865KA basic 3/1 ranch with a carport in Martin Acres. It had been remodeled, although likely just prior to sale. The home was a rental and owned by the seller for many years. From a location perspective, this is a good spot on a nice quiet street, just down the street from Martin Park. Deal notes: listed with an asking price of $800K, it was on the market for less than a week before it went under contract. The final sale price was $865K, or 8.1% above the asking price, no concessions. Yes, [...]
320 30th St [Notable Sale]
BOULDER NOTABLE SALE: 320 30th St | $995KThis is a House Einstein transaction where we represented the buyers. After scouring the market, multiple homes evaluated (with detailed remote videography) , we reached the finish line with one of our favorite clients (and friends). 320 30th Street represents an exceptional example of a customized ranch-style home in Martin Acres, with more space than a typical ranch and a new one-car detached garage. It featured beautiful updates with a unique interior finish (American Clay). It also has exceptional neighbors and a great spot in the neighborhood, which just happens to be in close [...]
310 Inca Pkwy [Boulder Notable]
BOULDER NOTABLE SALE: 310 Inca Pkwy | $1.25MA Frasier Meadows rambling ranch, larger than most. Just before it went under contract, we identified this home as a prime candidate for a low offer and took one of our buyers to see the property.Our analysis showed a post-acquisition investment of at least $200K to make the home livable. Our client’s response: “To put it succinctly, do I want to look back at days managing a house remodel, or be looking back at outdoor days and volunteering?” They passed. From a deal perspective, this home was an excellent value for a home with [...]
4909 Eldorado Springs Dr [Boulder Notable]
BOULDER NOTABLE SALE: 4909 Eldorado Springs Dr | $1.8MThe road leading to the historic town of Eldorado Springs is dotted with luxury homes, many of which back to beautiful open space. Most are on large lots. 4909 Eldorado Springs didn’t back to open space (it’s across the street), but it did feature a whopping 4.23 acres of land. With two buildable lots, one with decent bones for a remodel, the property offered a rare potential opportunity to construct a family compound. This is increasingly important as the demographics of Boulder (and the rest of America) continue to trend upward in age. [...]
7010 Olde Stage Rd [Boulder Notable]
BOULDER NOTABLE SALE: 7010 Olde Stage Rd | $2.4MAlthough a popular cycling route, homes on Olde Stage can be subject to considerable traffic noise. This one sits only about 100’ away from the road, and for that reason alone, we would have advised our clients to not pursue it. Still, the home was generously sized and nicely designed for fifteen years old. Due diligence: The home was described as having a “stucco exterior over rigid form for additional insulation.” This is also known as an Exterior Finish Insulation System, or EFIS. If installed correctly and properly maintained, it’s a fantastic product. [...]
4215 Broadway St [Boulder Notable]
BOULDER NOTABLE SALE: 4215 Broadway St | $3.1MA 1+ acre, sub-dividable lot directly adjacent to Broadway. According to the listing agent, the northern portion was originally for sale and went under contract. The southern ~17K sqft was being subdivided off with the existing home. Seller and buyer came to terms on the sale of the whole parcel, including the southern 16,960 sqft with the house as part of the final sales price. Proximity to Wonderland Lake open space was the key selling point. Almost certainly the new owner will slice up this parcel into several buildable lots and develop new [...]
7526 Spring Dr [Boulder Notable]
BOULDER NOTABLE SALE: 7526 Spring Dr | $3.4MIt’s unclear what the full story is here, but the seller was clearly motivated to take a huge haircut. Likely it was a personal matter or perhaps a work relocation. The home was first listed at $6.5M in April. A few months later, it was put up for auction with an initial starting bid of only $3M. This resulted in a steeply discounted sale price, and it’s what makes this sale so notable, in my opinion. Auction listings can be a terrific bargain for a buyer but typically a serious loss for the seller. [...]
2299 4th St [Boulder Notable]
BOULDER NOTABLE SALE: 2299 4th St | $7.5MAcquired by the seller in 2021 for $6.4M, the new owner immediately went to work improving the property, with significant investment to landscaping and much more. The story goes that they found their dream home shortly thereafter and put this property on the market. We took our clients to see it, and it’s truly an outstanding home in a great location, albeit one lacking a traditional backyard and with limited privacy. For these reasons alone, our clients passed and remain on the hunt. Deal notes: Listed for just under $8M, the seller acquiesced and [...]
14159 W Center Dr [Lakewood Notable]
LAKEWOOD NOTABLE SALE: 14159 W Center Dr | $1.43MLocated near spectacular open space and trails, i.e. Green Mountain. Gorgeous views from most rooms of the house, and close proximity to Denver and Golden.Beautifully remodeled with an eye toward design. Professionally staged homes sell for maximum value and minimum hassle. It’s almost always worth the price to pay for high quality staging. Deal notes: The seller acquired this property for only $825K in May. The remodel project took less than three months and, if we were to guess, cost in the neighborhood of $250K. Listed for $1.38M and under contract almost immediately, with strong [...]
