Saturday, May 06, 2017

A View to Die For [Fresh Listings, Get 'Em Hot]


This week: Several trophy homes and a number of investment properties are fresh on the Boulder real estate market. A few are even worth seeing. Just remember that when I say "worth seeing," it doesn't mean I think they're worth buying.  

Remember: It's not always a seller's market. Price range, location, design, and potential all influence market value. Intelligent real estate decisions are based on deep market knowledge. There is no substitute. Check out the notable sales for examples of the hefty discounts that are possible on the higher end. 




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




Sold Listings of Note


5225 Niwot Rd | $5.5MM | More Details 
Originally listed at $6.5MM in September, the property was on the market for 6 months before the seller a deal was negotiated. It features 20 acres total, including 10 acres of sub-irrigated pasture. The main house has a perfect south-west orientation, private, and luxurious. Deal note:  If you're asking for a million dollar discount, better bring cash.  This buyer did. 



441 Arapahoe Ave | $3.5MM | More Details 
A modern, turn-key home in a terrific location, backing to Boulder Creek. The interesting thing about this deal is that the seller, the CEO of Crestone Capital, didn't own it for long. He acquired it for $3.25MM only last June. Luckily the market moved up enough to give him a break. Selling in less than a year is usually a money losing proposition. With typical transaction costs, it was likely a break even. Due diligence: This location has a lot of transients wandering and camping on the far side of the creek (i.e. your back yard). Thanks City Council! 



755 Jonquil Pl | $2.66MM | More Details 
Another unique and modern home, located in Newlands on a quiet street off Juniper. Big house, small yard.  It first listed at $3.5MM last July and the seller started cutting the price three weeks later.  A whopping eight months and six price reductions later, they found a buyer.  Take home lesson: Price it right the first time if you want to maximize the sale price.


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

Fresh Listings
Here's what's worth seeing in Boulder real estate.
Boulder 

3265 Lafayette Dr | $4.5MM | More Details 
A grand and elegant home, worthy of its perch on one of the most unique streets in Boulder. South Boulder schools outperform and open space access isn't far away. Lots of eye candy in the listing photos (click above).  Check lot lines and with city to make sure open space to the north is protected. 


640 Hawthorn Ave | $2.3MM | More Details 
A modern farmhouse style home with cozy finishes. The basement turf won't be to everyone's liking. Bring your putter to the showing.  Due diligence: Hawthorn gets busy during nearby Foothill Elementary pick up and drop off times. 



2828 4th St | $1.8MM | More Details 
A 4 bed, 4 bath Newlands home, facing the foothills. Excellent access to trails and that iconic, tree lined street that you've always wanted. 


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


450 S 40th St | $745K | More Details 
Nicely updated Martin Acres ranch with a finished basement. Basement does not have egress windows and road noise from Table Mesa will be noticeable. Recent similar sales went for $760K.  Evaluate the comps carefully before you write the offer. 




1265 Bear Mtn Dr C | $500K | More Details 
A bright townhouse in a quiet part of SoBo. The bloody red kitchen may not appeal to everyone, luckily new paint is an easy fix! Due diligence: Check HOA for a reserve study.  Also, units that back to open space sell a premium. Be sure to carefully analyze the comps before submitting your offer. 



Louisville 

635 W Lilac Ct | $630K | More Details 
Here's an updated 2 story home close to open space. Fairly traditional layout. It's a decent bike ride, long walk or short drive to get to downtown Louisville. 



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

Longmont 

1008 5th Ave | $610K | More Details 
A buttoned up, cute historic home in short walking distance to the best of Longmont. The street's a little busy but this is a good price for the neighborhood. Word on the street is that Old Town is Mapleton Hill twenty years ago.  Get in while you still can. 




4238 San Marco Dr | $595K | More Details
I'm a strong believer in the investment thesis for the Renaissance neighborhood, and I personally own an income property here. This home is nicely updated and boasts an open layout.  This is a family friendly house in a good location. 




600 Baker St | $474K | More Details 
A historic gem on a corner lot.  It's a little out of the core area of Old Town, but at this price point, it's very attractive. Don't expect it to last long.



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

8022 Countryside Pk 239 | $325K | More Details
Roomy and open end unit Niwot town home, only a short drive in Boulder.  This particular unit faces the open space, giving it a sense of spaciousness. I saw it with a buyer earlier this week and would personally invest here. Due diligence: No dogs allowed, deal killer for me. 





Investment Opportunities 



3009 Madison Ave M-314 | $235K | More Details 
We have sold several of these over the years. They make for solid investments as student rentals. Single story unit means likely noise from surrounding tenants.  Be sure to check out the other 1 bedroom and 2 bedroom units currently on the market at Wimbledon.




Image: Cindy Tang

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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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