Top Boulder Real Estate Sales of 2018 [#4]

--- by Osman Parvez

Completed in 2007 by James Chanin, developer of Boulder's Landmark Lofts, 1676 Sunset Blvd is the #4 Top Real Estate Sale in Boulder for 2018. This eye catching modern home features a designer kitchen, Gaggenau appliances, minimalist interior and exterior finishes, integrated media, a spa area with a steam room, and more. The private backyard includes gorgeous tiered gardens.  

Sunset is desirable due to its exclusivity, excellent views, and short walk to downtown. It's a coveted location.

Listed in March of last year at $5MM, the seller was confident in their asking price. They held firm, refreshing the listing on a weekly schedule. Summer turned to fall, and like a Tasselled Wobbegong, they waited for the right buyer. Four months later, it sold for $4.8MM ($707/F.SQFT) or 4% below asking. 

The property gained $2MM over eight years of ownership, with minimal additional capital expenditure, for a cash on cash return of 1.7x and 7.1% iRR.  

 Photos and Listing Details

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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. 


Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.