373 Seven Hills Drive [Notable Sale]

BOULDER NOTABLE SALE: 373 Seven Hills Drive | $1.53M  

Why Is It Notable?  
Seven Hills is a 50+ subdivision in Sunshine Canyon, a few minutes from Mapleton Hill. This 70’s era two story features four bedrooms, three baths, and a detached two-car garage. It sits on a one acre lot. The interior needs a complete refresh, unless country cottage chic was your thing. Likely the dated décor and wishful thinking asking price is why it took so long to find a buyer.

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Due Diligence
We look at mountain property quite a bit for our clients, buying and selling. The due diligence checklist is long, but with a platted property at least the lot lines are more clearly established. It doesn’t erase the possibility of some clean-up needed for issues like errant easements, but it solves a big riddle that exists with unplatted, unsurveyed property.

Deal Notes 
On the market since October, 373 Seven Hills was first listed at $1.8M, and the seller dropped the price by $105K in November. They dropped it another $100K in February. A month later, it went under contract. Large price drops soon after listing is a market signal that the seller was wildly guessing as to the value of this property. They eventually accepted 4.3% less than the last asking.

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.