Boulder NOTABLE SALE: 3778 Wonderland Hill Ave | $6.3MThis sale is why it’s critical to (a) pay attention to new listings and (b) have plenty of dry powder.
James P. Maxwell was a surveyor, state senator, and an engineer. He was also Boulder's second mayor, President of First National Bank, and owned a cattle ranch north of Boulder. Old JP built this expansive mansion (can we call it the Maxwell House?) in 1906 with picture perfect views of the Flatirons, on the edge of what eventually was called Maxwell Lake.
Today, the property sits on a 2 acre flag-lot with subdivision potential. How many parcels will be carved out and homes built here? Back of the envelope analysis suggests at least three new homes, possibly more.
Deal notes: Sold for cash, showings were over in two days, and the property was available for less than 72 hours. In this business, speed is a competitive advantage and why we drop everything to focus on getting our clients in to see property quickly.
Photo credit: Boulder Carnegie Library.
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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.
