1235 Wildwood Road [Notable Sale]

 1235 Wildwood Road | $2.13M  

Why Is It Notable?  
A late 70's, two-story in Devil's Thumb, with a classic configuration and no apparent updates from original construction. We would have advised our clients to avoid temptation by not scheduling a showing. The views are tremendous, but there's an electrical substation almost directly behind this property. Perhaps the new owners will screen it from view with landscaping, but then what's the point of backing to open space. I'm surprised this crossed $2M.  

Assuming the original acquisition price is correct in the tax records, and no follow-on capital investment, this property appreciated at an annualized rate of just over 6% over the last 43 years. Not bad for an investment you can live inside.  

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The Realtors at House Einstein did not represent the buyers or sellers of this property. Our goal is to educate you on market conditions and recent sales to help you make a smarter real estate decision.

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.