BOULDER NOTABLE SALE: 7526 Spring Dr | $3.4M
It’s unclear what the full story is here, but the seller was clearly motivated to take a huge haircut. Likely it was a personal matter or perhaps a work relocation.
The home was first listed at $6.5M in April. A few months later, it was put up for auction with an initial starting bid of only $3M. This resulted in a steeply discounted sale price, and it’s what makes this sale so notable, in my opinion. Auction listings can be a terrific bargain for a buyer but typically a serious loss for the seller. The market clearing price at the very end of the year is rarely one that puts a smile on a seller’s face.
The location itself is one of my favorite spots in Boulder County - featuring gorgeous views to the City of Boulder in the west and close proximity to Louisville open space. It’s a private and little known spot, especially for those unfamiliar with the Boulder market. After our first sale on the street, quite a few years ago, I’ve kept a close watch on this neighborhood.
The house is rich with eye candy and high end features. From a functional perspective, it contains four bedrooms, six baths, and a moderate 5,200 SQFT. It was also just completed. The deal closed at only $3.35M, more than $3M below the original list price. Ouch.
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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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