4587 Apple Way | $1.6M
Why Is It Notable?
Have you heard of the Orange Orchard neighborhood? It's a bit of a secret.Orange Orchard is located just north of Jay Road, west of 47th street. It's outside the city limits in unincorporated Boulder County and directly adjacent to a mixture of agricultural land and open space. In my opinion, this is an absolute gem of a neighborhood. Even people who have lived in Boulder for decades don't know much about it, but those in the know are often willing to wait.
Why is this location so desirable? Open space access is fantastic, lot sizes are generous, and the prices are reasonable compared to similar homes within the city limits.
4587 Apple Way is a moderate size two story, with a classic layout, built in the 1980's. It sits on a generous +16,000 SQFT lot, the front half of a flag lot subdivision. Access to the HOA owned open space trails (with pond) is just a few hundred feet away. The home itself had vaulted ceilings, exposed beams, and nicely updated kitchen and baths. Finish quality is decent, about what you'd expect for a home at this price point.
The Deal
The home was snapped up almost immediately, with a cash offer at the asking price. It sold for $1.6M or $463/SF and closed within three weeks of listing. In my opinion, it was underpriced, and the buyer was smart to be aggressive on the negotiation.
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.
