Friday, February 05, 2016

This Week: Investment Condos, Trophy Estates and Family Houses in Newlands [Fresh Listings, Get 'Em Hot]


54 new listings hit the Boulder real estate market last week. Many were old, expired or withdrawn listings from late year (i.e., refreshed listings). A bunch were in bad locations or egregiously overpriced. 

Don't worry. We sifted the wheat from the chaff. Here's 15 worth seeing this weekend.   

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



Boulder 


3135 4th Street | $1,735,000 | More Details
Family friendly layout in highly desirable Newlands. Well maintained and appears to be turn-key. Only one block from open space. Excellent hiking only minutes from the front door.

Buyers typically pay a premium for Newlands because of the proximity to downtown and the classic neighborhood feel.

Due Diligence: Buyers shopping at price points above $1.5MM have more leverage to negotiate concessions and more selection to choose from. If your agent pressures you, get a better Realtor.



 

2895 Heidelberg Drive | $865,000 | More Details
Excellent location, just up the street from Viele Lake and the Rec Center. Great neighbors (we sold a nearby house recently to an awesome family). Best ranked schools in Boulder. Four levels with all three bedrooms on the upper. Updates in kitchen and throughout. Bike to the Southern Sun and Sweet Cow. I'd live here.



 




6507 Baseline Road | $765,000 | More Details
Front row views on a huge lot (0.91 acres). A potentially great perch to construct your trophy home, assuming a deeper setback from Baseline. 

Due Diligence: Traffic noise, construction costs.



 





XXXXX  | $7XX,000
Excellent location in Table Mesa. Needs updates. One of our clients is likely to write an offer on this one so we're redacting information. 



8262 Kincross Drive | $669,000 | More Details
Special and spacious lot backing to protected open space with South facing views. Four bedrooms all on upper. Updated bathroom and kitchen. Desirable Heatherwood neighborhood. Our good friend lived in this house for many years. Lovingly cared for.








2886 Kenyon Circle | $625,000 | More Details
Bi-level in a great spot in Table Mesa. Needs lots of updates but location is solid, house is south facing, and the price is about right. Access to nearby high-quality schools, Viele lake, parks and the South Boulder Rec Center.








 
4602 Tally Ho Trail | $615,000 | More Details
Near Twin Lakes Open Space (currently being debated in Daily Camera). Solid layout. Finished basement, and a remolded bath. Needs mild updating depending on buyer preference. Avery Brewing nearby.









4432 Greenbriar Boulevard | $525,000 | More Details
We saw this with a client earlier this week. Views overlook Shanahan Ranch that will likely be developed with a trophy home sometime in the future. Reasonable alternative to an entry level house in Boulder (less maintenance). Not so great split layout, won't work so well for younger children or buyers seeking to avoid stairs. 







XXXXX Drive | $5XX,X00
Nice ranch with a full basement. Decent schools. Location has under performed Martin Acres and Table Mesa. Kitchen was bizarrely renovated. Street is busy. Doesn't matter, will likely have a bidding war.



3240 Iris Avenue G403 | $257,000 | More Details
Top floor units with good views at Remington Post have made good investments for our clients in the past. Look past the asbestos ceilings to the underground garage, elevator, and proximity to retail. Amenities are a little run down but still functional and there's a heated indoor pool big enough for laps. Easy bike ride to Google offices. 








500 Manhattan Drive C6 | $319,900 | More Details
CU kiddie condo, not in the basement. Price point seems a little steep but there has been massive demand for condos in Boulder (far outstripping supply, and far greater demand than for entry level houses recently).











 
Lafayette 

10627 Empire Road | $978,000 | More Details
A big parcel of land, surrounded by open space. Dated interior. Great spot for a trophy home with an epic backyard. Live it in now, develop it later. 



 



 
1830 Samos Circle 114 | $267,500 | More Details
Nice spot for young professional or older buyers. Retail nearby is OK. Access to Boulder and Denver is great. Price point is affordable. Views to open space are the better spot in this complex. Adjacent lot is private ownership but undeveloped, near the Coal Creek Trail.   

Due Diligence: explore development risk of the adjacent parcel.





 

Longmont 

800 Nelson Park Drive | $365,000 | More Details
Dirt cheap entry into ownership in Boulder County with a fast drive to downtown Boulder (about 20 minutes without traffic.) Nearby open space is decent. Whole Foods and Twin Peaks Shopping is less than 2 miles away (when it opens in December, if it opens)  

Due Diligence: Lots of new units to be constructed nearby. 

Full disclosure: I own an investment property nearby.



 
Investment Opportunities

1647 Arapahoe Avenue | $1,550,000 | More Details
Stands out with a long term lease to the pizza shop and endless customer-students from Boulder High. Multiple residential units diversify the income stream. Redevelop in 10 years to luxury condos suited to adapt to the future Civic Center/City Park. Reasonable cap rate.






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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.

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Tuğba Yüksel

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