517 Grant Ave [Louisville Notable Sale]

Louisville NOTABLE SALE:
517 Grant Ave| $2.4M

A spectacular, turn key Louisville home steps away from the Community Park and historic downtown. Recently constructed and environmentally friendly, with some oddities (like a sauna plopped in the middle of the room in the basement) and a few finish mismatches. The ADU was nicely designed and practical, great for a WFH office away from the kids. Our clients found the primary bedroom was a bit tight on space. Nods to Louisville’s heritage could be found throughout the house, which included old mining light fixtures and dynamite boxes used as the face for the drawers. The yard consisted of recycled tires and Astroturf.

Due diligence: The home sold for 2.4M, more than 20% above the list price. That might surprise some buyers, but compared to equivalent options in Boulder, you could also say this home sold for a $1M discount. 

Boulder has historically traded at a substantial premium and the depth of market is bit thinner in Louisville, but this town also has many things going for it that Boulder lacks - including far lower crime, more walkable and livable community, and a less built up, urbanized living experience. The value proposition is strong. I expect the luxury end of Louisville’s market to continue to grow well into the foreseeable future. 

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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.