6346 Snowberry Lane [Notable Sale]

NOTABLE SALE: 6346 Snowberry Lane | $2.53M  

Somerset Estates  

Another Niwot home so large you might lose your family inside its cavernous walls. This time, it's in a Niwot subdivision called Somerset Estates. Built in '97, it features six bedrooms, eight baths, and 8,417 SQFT. The interior has had some updates but remains traditional.  

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Why Notable?  

During the last substantial real estate downturn, Niwot had more than 2 years of available inventory. I know - I was here, and I tracked it obsessively. Niwot is saturated with large houses on large lots, many of which have not had much in the way of updates since original construction.  

Today, Boulder is far more affluent, and COVID has spiked demand for large houses. Still, this trend may not be long lasting, and buyers concerned with capital preservation should proceed cautiously. 6346 Snowberry Lane is an awesome house, and I absolutely adore the community of Niwot, but there are other locations that have better track records when it comes to holding value during a downturn. You've been warned.  

Keen buyers should compare the cost of acquisition and the likely cost of updates, which should give you a back of the envelope appreciation rate for this class of home in Niwot. If you have the time and the patience, there is greater value in buying a dated home and updating it yourself.  

P.S. My comments on losing your family inside are tongue in cheek. We have nothing against giant houses.  

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.