239 Broken Fence Road [Notable Sale]

BOULDER NOTABLE SALE: 239 Broken Fence Road | $950K  

Why Is It Notable?  

Despite the not so attractive street name, this particular property is in a highly coveted neighborhood directly adjacent to the Betasso Preserve. It’s a patch of gorgeous open space which features hiking and mountain biking trails, with mostly easy rolling terrain, and stellar views. It’s also only about 15 minutes to Boulder proper.

The house itself was painfully dated inside, complete with mauve 90’s era paint and finishes. It also had some oddities, like a non-working elevator, but the layout was solid and quite functional. The biggest reason our clients passed was the downslope foundation wall, which showed signs of historic repairs that weren’t disclosed.

Now, keep in mind that we only suspected foundation repairs. The foundation had been skim coated, and the flooring above it was sloped toward that particular wall. The sellers also had only been in possession since 1997. It’s quite possible the repairs (if that’s what was beneath the skim coat) occurred prior to the seller’s ownership period.

Still, in order to compete with other buyers, my clients were considering limited or waived contingencies. In the end, the activity seemed so heated that they decided to pass. It ultimately sold for $950,000 ($185,000 over the asking price), with no concessions. My buyers have no regrets about passing on it. 

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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.