- A mid 50’s era tri-level that will almost certainly be extensively modified in the near future or more likely completely replaced with a newly built home. It's larger than typical lot size and dead end location in Newlands could support significant capital deployment.
- We look forward to seeing what the new owner does with this interesting property. Tri-levels are not particularly easy to build upon. They’re often deconstructed completely, depending on the owner’s plans.
- Due Diligence: Boulder is notoriously challenging when it comes to building a new home or even obtaining a permit to modify an existing structure. We have one of the thickest and most difficult to navigate code books in the country. In addition to normal building codes and zoning rules, we have height limits, solar shadows, and compatible development ordinances to navigate. ADUs are also still heavily restricted, although that may change in the near future. If your agent is making it sound like it's no big deal to build, they’re more interested in their commission than offering you sound advice. It’s not uncommon that it takes two or more years for a project to be completed, from purchasing the dirt lot to handing you the keys. It takes even longer if there is an existing structure that requires a demolition permit and will require deconstruction.
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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.
