656 Juniper Ave [Notable Sale]

BOULDER NOTABLE SALE: 656 Juniper Ave $2.75M 

Why Notable?
Another home on a flag lot, but this time with one difficult to correct problem: no yard. Functionally, the home had a split layout and a low bedroom count (where are the home offices going to go?), but the design was at least architecturally interesting. The location just north of Newlands supported the valuation but wasn't close to the quality of some of the neighboring estate homes. Ultimately, inadequate outdoor space and the sheer amount of work needed to remodel the interior killed our client's interest.

Mr. Market agreed. It was listed at $3.2M in October and after a month, the seller slashed it to just below $3.0M. And there it sat for two more months, was briefly pulled from the market, and finally a buyer swooped in and acquired it for $2.75M or 7.6% below the last list price and $450,000 below the original list.  How's that for throwing a dart?

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Note: The Realtors at House Einstein did not represent the buyers or sellers of this property. Our discussion of notable sales is designed to help educate you on market conditions and 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.