3142 5th Street [Notable Sale]

BOULDER NOTABLE SALE: 3142 5th Street | $2.9M  

Available for only a few days, this large five bedroom, five bath, two-story is located on the northwest side of Newlands. It was constructed in the late 90's, before Boulder's Compatible Development ordinance shut-down large construction on smaller lots. The three car garage is a nice bonus. For the most part, it looks like interior finishes haven't been touched since it was built, but their original choices were enduring. It still looks pretty good and likely cannot be duplicated today. 

Deal Notes  
Listed at $2.85M, it sold for $55K over the asking price in a cash deal. There were no disclosed concessions, although a lease-back was requested (and likely granted).  

Why Is It Notable?  
It represents a very scarce asset type for Newlands - a larger than currently allowable, newer home with only slightly dated interior finishes. The finishes are cosmetic and cheap to replace.

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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.