NOTABLE SALE: 1026 6th Street | $2.83M
Why Is It Notable?
A 17 year old Craftsman in Rosehill. Listed in April for $2.92M, it was on the market for 21 days before going under contract and sold for $2.83M (3.4% below list) on June 3rd.
If this house looks familiar, it’s because we told you about it in an April edition of Fresh Listings, noting the high hazard conveyance zone and limited bedroom count. Let’s talk about that a bit further, now that the deal has closed.
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We’ve often represented buyers and sellers of properties in higher flood risk areas. Provided there is a positive trade (like a killer view), design feature (like fronting to a creek), or location benefit (like proximity to downtown), properties in a flood zone can provide a compelling value proposition. It’s just critical to evaluate the tradeoff. In addition to the deal metrics, you should also look for active and passive mitigation strategies, make sure you consider the cost of flood insurance and expansion limitations.
This was a great house in one of my favorite neighborhoods in Boulder. It was well chosen by the buyer.
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.
Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market. | Subscribe
Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.
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.
We’ve often represented buyers and sellers of properties in higher flood risk areas. Provided there is a positive trade (like a killer view), design feature (like fronting to a creek), or location benefit (like proximity to downtown), properties in a flood zone can provide a compelling value proposition. It’s just critical to evaluate the tradeoff. In addition to the deal metrics, you should also look for active and passive mitigation strategies, make sure you consider the cost of flood insurance and expansion limitations.
This was a great house in one of my favorite neighborhoods in Boulder. It was well chosen by the buyer.
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.
Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market. | Subscribe
Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.
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.
