Top Boulder Real Estate Sales of 2018 [#8]

--- by Osman Parvez

Theodore Roosevelt was still President when 665 12th street was designed and constructed, as it happens, by the same architect as the Hotel Boulderado, A jaw dropping 1908 beauty, it features a wrap-around front porch, classic historic built-ins and period details, and a swimming pool -  all within strolling distance to Chautauqua park. For nearly twenty years, it was also owned by actor and director Peter Goldfarb

At a gain of $3.35MM over the seller's ownership period, it appreciated at a rate of about 8.2% excluding any improvements. That's why the smart money often focuses on historic properties. 

Pictures and Details

Historic homes may never gone out of style but they can be challenging to price and sell. Wishful thinking remains a poor marketing strategy. Deep market knowledge is the key to accurate pricing.  

Originally listed at $5.85MM in 2016. The sellers tried for two years to find a buyer before pulling off the market at the end of 2017. It finally sold off market, in the spring of this year at $4.3MM or $653/F.SQFT. 

Pro tip: Can't find the home of your dreams? Savvy Boulder Realtors sift through expired and withdrawn listings.

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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.