Friday, January 22, 2016

A View to Drool Over and Luxury Lock and Leave Downtown [Fresh Listings, Get 'Em Hot]

Yay for new inventory!
Nearly 40 listings hit the Boulder area market this week. We culled the bad locations, overpriced, and otherwise undesirables. Here’s what is worth seeing.

Note: You might notice that nothing over $1MM made the list this week. At higher price points, demand is lower, supply is higher, and we’re far more selective.


To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896
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Boulder 


385 Hopi Place | $955,000 | More Details
Solid location in Frasier Meadows. Looks like a good layout for entertaining. Interior finishes could use an update. Lot size is generous and should be adequate for future expansion under Compatible Development. Two main floor bedrooms mean this will work for aging Boomers or most young families. Quick access to retail including Erhardt’s Euro Bakery (our latest obsession).  







1155 Canyon Boulevard 201 | $495,000 | More Details
LEED certified, at the center of downtown Boulder, lock and leave. Recently constructed downtown condos are increasingly rare.  If you're looking for a crash pad under $500K in the heart of everything, here's your chance. Typical buyers will be fly-in executives, occasional residents, and Boomers who want to be near their grand kids.  Due diligence:  Don't plan on using Air BnB to offset ownership costs. Thank City Council for new rules that restrict short term rentals. 

 







6084 Chelsea Manor Court | $789,500 | More Details
This neighborhood, just east of Spine is a hidden gem.   The last buyers we sold in this location loved the very fast access to the heart of Boulder and the family friendly neighbors. Due diligence: This one has a view and adjacent open space (sometimes worth 10% to 20% premium to non-view comps) but before you get excited, confirm the location and potential impact of development of the two privately held parcels on Jay Rd.


 



3120 Corona Trl L-302 | $325,000 | More Details
Remington Post has been a great investment for my clients in the past. They usually rent easily due to the location, garage parking, and elevator access. This 3 Bed, 2 Bath is on the more desirable side of the complex (with views). Due diligence: Popcorn ceilings at Remington Post contain asbestos. Check for professional mitigation or budget accordingly.   Windows were also supposed to be replaced by owners throughout the complex a few years ago.  The HOA may require this in the near future. 








Louisville

112 Aline Street | $550,000 | More Details

Some nice updates in this late 60’s ranch plus a full basement. The primary draw is the location. It’s close to open space and a short walk to downtown Louisville.


 

Lafayette 

1000 Milo Circle A | $239,900 | More Details
This 3 Bed, 3 Bath town home is an inexpensive entry into ownership. Commute distance to Boulder and jobs along the tech corridor is manageable. Construction is past the era of lead based paint and asbestos. The location isn’t great, it backs to 287 but that should reduce the number of potential bidders in a probable bidding war. Check your noise tolerance to traffic. If you’ve lost out in past bidding wars, go see this one.   






Longmont 

1713 Sicily Drive | $490,000 | More Details
I like the Renaissance neighborhood so much I bought an investment property here last month. Access to downtown Boulder is only about 5 minutes longer by car than much of South Boulder. Open space and high quality retail is nearby. Whole Foods supposedly opens at the end of the year. One of the 4 Beds in this house is on the main level, highly desirable for aging boomers and families that need a home office. Recent construction typically means it should be energy efficient and well designed. The one big downside is if you have to commute to Denver or points South of Boulder.


Investment Opportunities

6672 Gunpark Drive | $895,000 | More Details 
Interesting office building zoned BR-2. Great location to attract a variety of commercial tenants. Priced for the small investor.



Vacant Lots and Land

1151 Timber Lane | $495,000 | More Details
Nearly 2.5 acres of land with spectacular views overlooking Boulder and a reasonable drive to downtown. Build your trophy dream house. This was under contract earlier but the deal fell through. Here's your chance...









To schedule private showings, including a discussion of valuation and price trends, call Osman at 303.746.6896.
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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 rigorous due diligence and professional advice before buying or selling real estate.    Powered by Realty Unique, LLC.   image: Oakley Originals (via CC 2.0)

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