3085 9th Street [Boulder Notable Sale]

BOULDER NOTABLE: 3085 9th St | $1.46M

A smallish lot (~6,300 SQFT) with a tear-down bungalow in Newlands. The house is one property south of the intersection of 9th and Evergreen, east facing, which will limit buildout potential due to solar access rules and the relatively narrow lot (about 50’ wide). Assuming nobody significant (to the city) lived in the house, the powers that be will probably allow the existing early 50’s era structure to be deconstructed. Given the lot size, the maximum floor area under Boulder's Compatible Development ordinance is about 3,300 SQFT, somewhat small given the dirt value was in excess of $1.5M (purchase price plus cost to deconstruct).   

Deal Notes: The home was listed at $1.15M at the end of January. After the dust settled, the home sold for 310K (+27%) over list, with a conventional mortgage, minus an $8,000 concession for undisclosed reasons.  

By the way, if you lost out in the bidding war and are still on the hunt for a buildable Newlands lot - call us. We have two options for you, both of which are superior to this property.

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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.  

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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.