Notable Sale | 675 Cascade Avenue

BOULDER NOTABLE SALE: 675 Cascade Avenue | $1.83M

What Makes It Notable?

A large 1950's era, ranch style home, just south of Chautauqua Park. South facing and ample in size, the fact it was painfully dated didn't really matter. It's all about the lot size and potential of the property in this location.  

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Overpriced when it was listed in late July for $2,065,000, the seller came to their senses after a month cut the price. About a week later, they capitulated and accepted $1.83M. Depending on a host of factors, the developer/owner will likely retain the existing foundation. Expect to see to see a radical transformation in the next 12-24 months. 

Deal Notes 
When it comes to luxury homes, there is a strategy for intentionally overpricing a listing. If you're patient, it might still yield a solid offer, but you'd better be prepared to wait. It's not our recommended approach, except perhaps for turn-key, brand new construction. We usually prefer to price it right from the start.  

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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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.  

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.