453 Pine Street [Notable Sale]

NOTABLE SALE: 453 Pine Street | $5.9M

What Makes It Notable?  

We wrote about this gorgeous Four Square when it first hit the market in August of 2020. Acquired fifteen years ago, it was beautifully updated and renovated by the owner. I'm quite surprised it didn't sell faster. During its listing period, it went under contract several times before a buyer completed the purchase. This is not uncommon for higher-end properties.  

From a marketing perspective, the seller priced on the high side but stuck with it. That's part of the strategy for luxury homes. There were no price reductions throughout the listing history. It eventually sold for 6.3% below the list price, about the discount we would expect to negotiate for a seasoned listing on the luxury end of the market.   

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Moral Of The Story  
Grand historic homes were designed for a different era, and their limitations can pose challenges. They're not for everyone. At the same time, they don't go out of style. When you know what you've got, and it's at the high-end of the market, sometimes you have to wait for the right buyer.   

Note: 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.