By Osman Parvez
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This week's listings seem to be of unusual size. Two have over 8,000 finished SQFT, a third is almost as large, and one farm/ranch estate has 27+ acres. If you're seeking a luxury family estate, we've got some great options for you to consider.
Pro-tip: If you're a serious buyer, you can't wait for the weekend. Nearly 10% of the properties that hit the market this week are already under contract. Ask your Realtor how they can help you get a shot at the best listings before they're gone.
Sold Listings of Note
Recently closed transactions that highlight market conditions.
1765 Sunset Blvd | $4.5MM | DetailsOn one of the most exclusive streets in Boulder and a fantastic perch. Walk to downtown. We conducted several showings on this property and despite it being available for months, we were one day late to the table with our offer. Snooze you lose. Due diligence: If you're shopping on Sunset for a build-able lot, be sure your plans include a substantial budget for engineering. Ask about the stability of the hillside.
289 Jackson Cir | $830K | Details
Think bidding wars only apply to Boulder? Guess again. This modest five bedroom, four bath Louisville family house was in a decent location and featured some mild updates. It sold for $30K over asking with a conventional mortgage (not cash). Remember: Intelligent real estate decisions are based on a deep understanding of market conditions. There is no short-cut. Ask your Realtor for their strategy and track record for navigating a competitive market.
Fresh Listings
The best of Boulder real estate and beyond.
9440 Owl Ln | $3MM | Details
Although the finishes of this high-end home are a little dated (candlesticks and gold trim, anyone?), our investment thesis is that it's a well designed, extra large family estate on 2.5 acres with great western views. It's also far more cost effective to remodel than build new construction. Due diligence: The property to the south is city owned open space. To the north is a mix of city and private ownership. Explore the risk of development thoroughly during your due diligence and don't waive the contingency. To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and market conditions, call Osman at 303.746.6896.
1459 White Hawk Ranch Dr | $2.5MM | Details
Another big family property, east on Arapahoe in unincorporated Boulder County. 8,000+ SF and a 1.5 acre lot, not far from Boulder. Decent finishes. Due diligence: Compare to 9440 Owl and buying opportunities in Niwot. Be aware that commuting to Boulder on Arpaphoe is currently awful, but the city has plans to ease congestion.
6967 Valmont Rd | $2.4MM | Details
If you're shopping for a spacious farm or ranch for your dream home, this is a great option. Almost 27 acres in east Boulder with water rights and an existing bi-level home from 1966. As bird watchers know, Saw Hill ponds to the north are teeming with wildlife. This property is not in the 100 or even 500 year flood, despite proximity to the wetlands. Due diligence: The hay leases don't automatically transfer. Building codes are more restrictive in the County and unlike the city, size is not dependent on the lot but on your neighbors homes. Be sure to consult your architect.To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and market conditions, call Osman at 303.746.6896.
562 Ponderosa Dr | $2.3MM | Details
Mid 50's four bedroom, four bath in quiet east Boulder, nestled between Louisville and Boulder. Extensive windows bring natural light. Easy access to Davidson Mesa. Large lot. Due diligence: Valuations in Paragon and Spanish Hills are largely driven by the view corridor - and not every property has the primo view. This one might.
4790 Valhalla Dr | $1.2MM | Details
Another four bed, four bath in the quiet and spacious Valhalla subdivision. A quick drive to the Boulder Res! Modern updated kitchen. This location is somewhat of a hidden treasure in unincorporated Boulder County, close to trails and perfect for the equestrian (includes an insulated barn).
To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and market conditions, call Osman at 303.746.6896.
990 Yellow Pine Ave | $1.2MM | Details
Decent size family house with updated finishes. 4 beds, 4 baths. Trails, open space and a great dog park are right out the back door. This area is rapidly improving. The big bet is that the industrial area shifts in coming years and the "arts district" materializes. Talk to your agent for details.
2690 Stephens Rd | $795K | Details
Somewhat updated and expanded Table Mesa ranch with 3 beds and 2 baths. Quiet street, extremely close to Bear Creek Elementary. Valuation perspective: take a basic ranch, add the extra square footage and value of the existing updates. You're there. The lot size, orientation, and simple building structure also makes this a good candidate for a pop/renovation.
To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and market conditions, call Osman at 303.746.6896.
Niwot
9251 Shooting Star Ct | $2.3MM | Details
Over an acre. 6 beds and 9 baths for every day of the week and then some! Vaulted ceilings, 4-car garage. Close to downtown Niwot and an easy drive to Boulder.
9251 Shooting Star Ct | $2.3MM | Details
Over an acre. 6 beds and 9 baths for every day of the week and then some! Vaulted ceilings, 4-car garage. Close to downtown Niwot and an easy drive to Boulder.
Longmont 428 Terry St | $750K | Details
Six unit multi-family in the beating heart of Old Town. One 2 bedroom unit and five 1 bedroom units. Due Diligence: Budget for maintenance as this one was built in 1913. Go see it if you're a believer that Old Town is the new Mapleton Hill.
800 Tenacity Dr | $695K | Details
3 bed, 4 bath original home in hip Prospect. Affordably priced. Finished basement, 2 car garage. Look past the awkward listing photos, the neighborhood is a gem.
Louisville
370 W Spruce Ln | $1.2MM | Details
Tasteful family home with a spacious and functional layout. 4 beds and 4 baths. Only a 5 minute bike ride to Sweet Cow! Snooze you lose, it went under contract as we wrote this. Yes, the Louisville market for $1MM+ homes is strong.
370 W Spruce Ln | $1.2MM | Details
Tasteful family home with a spacious and functional layout. 4 beds and 4 baths. Only a 5 minute bike ride to Sweet Cow! Snooze you lose, it went under contract as we wrote this. Yes, the Louisville market for $1MM+ homes is strong.
303 S Taft Ct #32 | $300K | Details
We dig these units. They're open, have flex loft space and back to a greenbelt. Also nicely located near US36 for an easy commute to Denver or Boulder. This one is a bright 1 bed, 1 bath, somewhat updated and has a 1 car garage. A good choice for an entry, second home, or downsizing buyer.
Vacant Land
1805 Bluff St | $1.1MM | Details
Nearly a quarter of an acre lot in an awesome location. Spectacular mountain views on this perch. Build your dream property. Walk to downtown.
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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: Sho Hatekeyama
