3534 Alcott St [Denver Notable]

3534 Alcott St | $1.05M
Originally constructed in 1900, this adorable bungalow in Potter Highlands had been extensively renovated and a two car garage added. New finishes and fixtures were kept traditional and match the historic style of the home. The layout was ideal for most buyers, with one bedroom on the main level. Landscaping was very attractive. No surprise, it sold quickly. 

Deal notes: Listed on June 2nd, the home quickly attracted multiple offers and sold for $57K above list. The buyer utilized a conventional mortgage (i.e. not cash). As the market slows, this deal illustrates how well-sorted, thoroughly renovated homes continue to attract strong buyer demand, despite higher rates. The key is to understand the difference between a flip, a turn-key home, and one that needs extensive work. If your agent isn't helping you understand the difference, get a better agent (why us). 

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.