350 15th Street [Notable Sale]

350 15th Street | $2.85M 

Why is it Notable?
Property Photo
About 16 months ago, this property sold for $2.8M (3.1% below asking). We were quite surprised to see it back on the market so soon. Just like last time, it caught our attention because it’s only a few years old and located in one of the most desirable parts of Boulder. 
It's a nice location: from your front door, stroll onto the most popular hiking trails in Boulder or catch a summer concert at Chautauqua. 
The overall design is well executed, and finish choices, although now a few years old, have held up well. The rough stone is a very popular look in the mountain resort towns; it gives the home a classic “Colorado” feel. Of course, with multiple private outdoor spaces, all you have to do is step onto a patio or deck, and you’ll immediately be reminded of the fact.  The Flatiron views are fairly decent, given the property doesn’t actually back to open space. 
This time around, it was listed in April at $2.95M and then pulled off the market during the height of the Covid lockdown. It was re-listed on May 20th. In early June, the seller cut the price by $50K, and about a month later, a buyer locked it down. It closed on August 14th for $2.85M.

Due Diligence
At all price points, we strongly advise our buyers to plan for a minimum three year holding period to reduce the risk of capital loss. The seller got lucky.

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.

Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market.| Subscribe

Socials: FacebookTwitterInstagramYouTube

Thinking about buying or selling and want professional advice?  Call us at 303.746.6896. Your referrals are deeply appreciated.  

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.