770 Lincoln Place [Notable Sale]

 770 Lincoln Place | $3.36M  

Why Notable?  
A mostly remodeled and updated two-story, about a half block from Chautauqua. The bedroom count and size was adequate for most buyers, and the remaining remodeling was rather minimal (bathrooms). Priced at just under $3M, we're surprised to see the bidding war drove the price over 10% above list. Then again, there's very little inventory, and capital markets are absolutely flush with cash. Boulder real estate is rarer than ever, and there's very little chance of supply expansion in the near-term. This home checked so many boxes, it's not a surprise the buyer paid a premium. It's just a surprise that the premium exceeded 10%.   

Note: We sent this to one of our buyers, but they felt the parking situation on the street was untenable.   

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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.