Monday, January 16, 2017

The TOP Boulder Real Estate Sales of 2016 (Deal #2)

by Osman Parvez
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Imagine living minutes from Boulder, surrounded by thousands of acres of protected open space. Neighbors, what neighbors?  

This epic 5 bedroom, 6 bath home features beautiful, unimpeded views of the Flatirons and back range but is still only a few minutes from downtown Niwot. It was built with contemporary finishes throughout and includes a carriage house, finished barn, an equipment barn and - of course - stables for your purebreds. Situated on 35 acres of agricultural land backing up to 2,000+ of acres of protected open space. 

8175 N. 73rd Street is the #2 Top Real Estate Deal of 2016. 

Note: This post is part of a series highlighting the top sales of 2016. #3 is HERE.

8175 N. 73rd Street, Niwot. $6.25MM
Click HERE for details and eye candy.

Deal Notes and Fun Facts: The sellers of this lovely property were Gail and Michael Markel. Recognize their names? They're part of the team behind well known local builder Markel Homes

Markel is currently investing heavily in Longmont in two locations; Prospect and West Grange. Smart move. It's one of the few large developable parcels left in the corridor between Boulder and Longmont. 

As this home illustrates - buyers at the higher end of the Boulder market should be patient and judicious. Unlike other segments of the market where bidding wars are routine, the $3MM+ market is saturated. If your Realtor tells you should rush in and write an offer immediately, you should find a better Realtor.  

Stunning as it is, this home was on the market for several years. It was also originally listed at $7.3MM, which illustrates another point. Even real estate industry insiders can give in to greed and ego. Do your homework. There is no short-cut to thorough analysis. Remember, intelligent real estate decisions are based on a deep analysis of market conditions. 

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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. 

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