6860 Peppertree Drive [Notable Sale]

NIWOT: 6860 Peppertree Drive | $869K

Why Is It Notable?
Originally listed at $925K and quickly went under contract in January, but the first deal fell apart due to unknown reasons. We viewed in June when it was listed at $899K. Our clients were interested from an investment perspective. 

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The house itself is sizeable and family-friendly, with a classic floor plan. It's also at the lower-end of the market for Niwot. Although it can be difficult to find rental comps, our research suggested that with a few mild updates, it was a marketable rental. 

In September, the seller capitulated and cut the price to $869K. From this point, the listing history becomes confusing. It appears that it went under contract again, but the second deal also fell apart. It was then available for a single day in October before a third buyer locked it down. It sold at the asking price with a $2,500 concession.

Due Diligence 
The dead-end street is quite nice, but we couldn't decide whether the train would be an issue or not. It's only 750' from the tracks. This factor caused us to recommend our clients focus on other options. 

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.