832 11th Street [Notable Sale]

NOTABLE SALE: 832 11th Street | $3.4M 

Why Notable?  
A newer two-story with four bedrooms, six baths, and about 5,400 F. SQFT. It’s a slight stretch to market this home as in the Chautauqua neighborhood, but I understand the desire to disassociate from the University Neighborhood given last summer’s student riots. Traditionally finished and perhaps a touch dated, the overall design of this home really sparkled. It also has what many buyers are seeking, minus perhaps the dated granite styles.  

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From a marketing perspective, the seller took a big risk by listing it at $5.0M in the summer of 2019. If you want to avoid over two years on market, with random people tromping through your home, and hundreds of thousands of dollars left on the table, look no further than this deal. It’s a classic example for why it’s critical to (a) price it right and (b) track active competitors throughout the listing period.  

Take home lesson
: A hot market doesn't make up for a list price based on wishful thinking.


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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.