1164 10th Street [Notable Sale]

BOULDER NOTABLE SALE: 1164 10th Street | $2.93M 

Why Is It Notable?

Imagine the seller’s anxiety when a week before closing, CU students decide to throw a rager in the same block as your listing. Good thing it was already under contract and likely past all contingencies.

Listed in August of last year, 1164 10th Street was part of a portfolio of rental properties that hit the Boulder market. With an advertised cap rate of 5.39 and supposed 8% year over year revenue growth, you honestly have to wonder why it was listed at all. Yet despite the intense hunt for yield,  the market ignored it for months. It finally closed this week (for the full asking price).

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While House Einstein represents investors, most of our clients are selling or buying primary homes. Sure, they care about investment performance, but they care even more about the living experience. When showing a property on the Hill, we always advise a red solo cup check of the bins in the alley and talking to the neighbors. The last thing you want is to accidentally find out that you bought a house in the party zone.

Just imagine trying to calm your family down in the middle of the night, while firecrackers and tear gas are going off down the block. Meanwhile, you can’t even park on the street without risking damage to your cars. It’s all possible if you choose the wrong house.

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.