2299 4th St [Boulder Notable]

BOULDER NOTABLE SALE: 2299 4th St | $7.5M

Acquired by the seller in 2021 for $6.4M, the new owner immediately went to work improving the property, with significant investment to landscaping and much more. The story goes that they found their dream home shortly thereafter and put this property on the market. We took our clients to see it, and it’s truly an outstanding home in a great location, albeit one lacking a traditional backyard and with limited privacy. For these reasons alone, our clients passed and remain on the hunt.  

Deal notes: Listed for just under $8M, the seller acquiesced and took a $500K haircut to the list price, or 6% below list. This is in-line with expected discounts at the high-end of the market. Selling a home so quickly after acquisition is usually a recipe for a big loss. This seller likely broke even after all the capital improvements and transaction costs.

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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.  

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.