740 S 46th St [Boulder Notable]

740 S 46th St | $975K 
This appears to be a Martinique model, the largest ranch when the neighborhood was originally developed in the 1950s. With vaulted ceilings and an extensive remodel, it's a nice representation of what's possible with this style of basic home in Boulder. The location was likely the sticking point for some buyers. It backs directly to Summit Middle School, although the neighborhood itself is a fantastic spot - close to parks, trails, and shopping. 

House Einstein's Ian Steinmo actually lives in the neighborhood. His view: 
"This 3 bed/3 bath is a common build throughout Martin Acres, and the adjacent neighborhood of Majestic Heights, where this home sits. The carport dominating the front of the property isn't for everyone, but with some updates, the common areas of these homes really shine. The seller* did just this by knocking down a few walls and adding a vaulted ceiling. The result is a far larger and more open living area than you typically find in 1950's homes of this size. The seller likely enjoyed their remodel, and made money by completing the work. The downstairs, accessed by a separate entrance, was used as an Airbnb rental and also may have helped pay for the extensive updates. Large egress windows and recessed lights make these basements feel like habitable spaces, rather than afterthoughts.

Not long ago $975,000 would have been an eye-popping amount for a 3 bed/3 bath in this neighborhood, but this price checks out and both parties probably should be happy. During the recent frenzy preceding the interest rate hikes we're living, this home could have passed the million dollar mark. 

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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.