603 Highland Avenue [Notable Sale]

BOULDER NOTABLE SALE603 Highland Avenue | $6.69M

Why Is It Notable?

Five separate homes on Highland Avenue have made the cut for Fresh Listings. Do you get the sense that it's one of House Einstein's favorite locations?

Known as the Goldsworthy house, 603 Highland Avenue is an Edwardian historic home with hints of Queen Anne style. Originally listed in June of this year with an asking price of $7,300,000. Available for more than 4 months, it went under contract in October and closed this week with a sale price of $6,685,000 (8.4% below asking). 

In addition to the location, what made the 603 Highland special was the down-to-the studs renovation of both the main and carriage houses. Most historic homes have substandard electrical, plumbing, and HVAC systems. The only way to completely bring modern design and efficiencies is a thorough gut and remodel project. The sellers of this home did a fantastic job of maintaining the historic character of the home while making massive improvements to its livability. With classic and enduring finish choices, it should be turn-key for many years to come.

Samuel Goldsworthy, the original owner and builder of this home, was a mason and contractor. According to historic inventory records, this home contributes to the District, was owned by prominent Boulderites, and is the work of a master. 

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Deal Notes

Obviously, the location is the primary driver of value. Add in the generous size and classic design aesthetic of this home. The home also faces south and is on a +10,000 SQFT lot. Although the $1265/SQFT price may seem high, historic homes like this one have a spectacular track record for enduring value. Over and over, we've seen it with historic home sales, especially for landmarks like 603 Highland.

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.