1380 Riverside Ave [Boulder Notable]

 1380 Riverside Ave 
| $920K 
  • Located in the Wildwood subdivision, just east of Broadway and across from Wonderland Lake.
  • There are plenty of nearby examples of similar but updated homes. This early 80's era two-story hadn't been updated in decades.   
  • I showed this home when it was available in 2021 but my buyers were outgunned in a bidding war. At that time it sold for $865,000.
  • We toured it again when it was on the market last year, noting that the owner had touched very little in the house. There were also signs of an active roof leak, plumbing issues in the crawlspace, and many other problems. My clients wisely passed on it.
  • Is the home worthy of a complete remodel? Absolutely. The riparian corridor in the backyard is beautiful, and the home has terrific bones. The one car garage and limited street parking could potentially be an issue, but it's still a choice property. 
Deal notes: The seller originally listed the home for $950K in October. They chased the market with price reductions until they landed on $920K. This was the eventual sale price and precisely coincides with the likely cost of commissions allowing for a break-even. In my opinion, the seller won the bidding war but was not prepared for the cost of a complete remodel. The Boulder market bailed them out.

Like this content? Check out Fresh ListingsIt's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe

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.

Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market.| Subscribe

Socials: FacebookTwitterInstagramYouTube

Thinking about buying or selling and want professional advice?  Call us at 303.746.6896. Your referrals are deeply appreciated.  

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.