Top Boulder Real Estate Sales of 2018 [#9]

--- by Osman Parvez

815 Circle Drive is Boulder's #9 top sale for 2018. Constructed eighteen years ago, it features five bedrooms, five baths, and a luxurious +6,000 F.SQFT. The location is the most compelling aspect to the property. It's just below Flagstaff Rd and the home was designed to feature exceptional views of the city below. 

Photos and Details

Originally listed at $4.5MM in July of 2017, it went under contract in November and closed in late January. Sadly, the situation didn't work out for the new owners. It was re-listed just four months later at the original asking price. In November, the seller cut the price to $4.17MM and then, just after Christmas, the price was slashed again. As of this writing, it's offered at $3.95MM.  

Despite what most agents will tell you, Boulder real estate doesn't always go up and not every experience is an investment success story. This is why we focus so much attention on advising our clients on property selection. Next time, choose a better Realtor.

At the current asking price, before transaction fees, the seller is $190K in the hole. If you're considering this home, make sure your due diligence includes evaluating the impact of summer traffic on Flagstaff Rd. 

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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.