2040 Walnut Street [Notable Sale]

BOULDER NOTABLE SALE: 2040 Walnut Street | $2.4M 

Why Is It Notable?
The Carver House, originally constructed in 1910. A classic example of a Foursquare, one of my favorite historic architectural styles, with one unusual detail - the combination of clapboard and brick siding. The location was a touch busy, due to the higher density of nearby buildings and students in this location, but the condition of the interior more than made up for that. It had been opened up (note the steel) and beautifully renovated by well known historic home specialist, Joel Smiley.

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Deal Notes
Listed in mid-September for $2,550,000 and under contract just two days after hitting the market, buyer #1 bailed out of the deal very quickly. Word on the street was it was for trivial reasons. This, by the way, is a common risk for hot listings. One way to mitigate it is to slow the process down and set a reasonable offer submission deadline (or accept an unreasonable offer with a large, non-refundable deposit). A few weeks after the whiplash caused by buyer #1, the seller dropped the price aggressively. It was under contract shortly after that and closed this week for the full asking price. Buyer #2 scored a deal, in my opinion. This is gorgeous house with a design that will stand the test of time.

By the way, this home was considered "middle class" housing in the time period it was constructed.

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.