1489 Sunset Boulevard [Notable Sale]

1489 Sunset Yard & Views Property Photo

1489 Sunset Blvd | $7M 

Why is it Notable?

A plus-size luxury home, on a 1.3 acre lot located on the northwest corner of Sunset Hill. It's nestled in an enclave of other exclusive, high-end homes, with stellar views and a short stroll to downtown restaurants and shops. The home was constructed in 2001. It features a whopping seven bedrooms, seven baths, exceptional finishes, indoor and outdoor entertaining areas, and of course - the uber-premium location. 

As typical for high-end property, it took a while to find the right buyer. First listed in May of 2019, the home was on the market for nearly a year before it was pulled in March. Two months later, the seller brought it back (same listing agent).

Deal Facts:

-Long listing. On the market for well over a year. Not unusual for a high-end listing.  

-No Listing Price Reductions. Most brokers use price changes to push the listing, but every price reduction also also sends a signal to the market. Sometimes you have to educate the Realtor community and then just wait for the right buyer. Remember: the majority of deals in Boulder are done by a handful of agents. We do deals with each other all of the time. 

-No Disclosed Concessions. There was no major second round of negotiations over inspection issues.

-Sold on August 3, 2020 for $7M, or 6.7% below the asking price, within the typical range for a well priced property at the high-end of the market. 

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Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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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. House Einstein strongly recommends 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.