Friday, August 05, 2016

Always Look Before You Leap... Into Boulder Real Estate [Fresh Listings, Get 'Em Hot]




Every week, we sift through new listings to find you the best of Boulder real estate. We also discuss notable sales and worthy price reductions.   
  
This week: An eye popping trophy home that was only available for one day, a triplex masquerading as a historic single family home, and dueling downtown Boulder condos priced $255K apart. 

If you’re shopping for real estate in Boulder, here’s what’s worth seeing.  

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


Sold Listings of Note


19 Arrowleaf Court | $5,400,000 | More Details
An unobstructed, spectacular view high over the city and an estate quality home built to luxurious standards made for a quick and easy sale.  In some cases, a turn key home can be a bargain compared to fresh build, assuming you could even find a similar quality lot.  Deal points: $5.4MM (4.4% negotiated discount from asking), 1 day on market before the offer. 








385 Broadway Street | $1,600,000 | More Details 
Word to the wise, don’t fight the planning board and don’t fight the neighborhood. After several attempts at rezoning to redevelop, the owner gave up and listed the property. It went under contract three times before finding a buyer at $1.6MM (8.6% negotiated discount from asking). 232 days on market before the offer.







930 Lincoln Place | $1,564,500 | More Details 
This beautiful historic home is in one of my favorite Boulder neighborhoods. Nice updates while retaining its design integrity and historic detail. Bonus: As a legal triplex, the additional living spaces could be used for live-in help, cash flow, or adapted for family use. Smart. 





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

Interesting Price Reduction 



466 Marine Street | $1,776,000 | More Details
This home has been on the market a few weeks and now features an easement to protect the new owner’s views. Price reduced $100K from original asking. Excellent location. Historic charm. Sadly, no garage.   




Fresh Listings


BOULDER



542 Arapahoe Avenue | $1,850,000 | More Details 
Beautiful historic home with plenty of space on the main level for most buyers. Exceptional walkability to downtown, trails, and parks. Large lot. Carport for parking with a studio in the back.   

Due diligence: Studio is likely not a legal rental unit and this location does get some transient activity. 







2141 Jonathan Place | $900,000 | More Details 
80’s construction and mostly 80’s finishes. Decent size house on a cul-de-sac with a steadily improving nearby retail mix. A value given the size. HOA includes community pool, clubhouse, courts, park. 









2850 La Grange Circle | $825,000 | More Details 
Mid 60’s bi-level with some updates on a quiet circle in Boulder. Larger than typical lot size supports expansion potential. Boulder’s best schools.  









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






1031 Portland Place 7 | $475,000 | More Details 

1031 Portland Place 10 | $730,000 | More Details 

These two townhomes should be viewed back to back to understand the value you get for the extra $255K. I’ve seen several units in this building over the years, build quality is not impressive and there is little curb appeal for some units, but the location offers great walkability to downtown. #7 will likely have a bidding war. #10, probably not.  












805 Orman Drive | $635,000 | More Details
Another mid-60’s bi-level, this time in Park East. At some point, it looks like the owner converted the garage into an additional bedroom. Currently rented at $2,845 through May 2017.   
Due diligence: Check for open permits, limited expansion potential, and road noise. 






2227 Canyon Boulevard 204A | $350,000 | More Details
Listed without any photos, but we’ve written about Shady Creek before. It’s a decent location in an old school style building, somewhat overbuilt. HOA includes heating and cooling. Lock and leave, great for graduate students or professionals. Put down 20% and get a roommate, it’s smarter than renting. 




2992 Shadow Creek Drive 103 | $260,000 | More Details 
A one bedroom at Gold Run, great CU student condo. HOA amenities are decent. This unit includes garage parking. 










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


LOUISVILLE

1827 Eisenhower Drive | $719,900 | More Details 
A large ranch style house on a great street with an easy commute into Boulder or bike ride into downtown Louisville. 90’s vintage construction with some updates. Should sell quickly. 








LONGMONT 

837 Tenacity Drive | $715,000 | More Details 
Prospect has really come into its own over the years. Landscaping has matured, the retail mix is enough for occasional dining, and the family friendly vibe is hard to beat (food truck nights and other neighborhood events). This one has a carriage house with potential rental income to offset your purchase price. 








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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 conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.  image credit: Joshua Earle

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