605 Theresa Dr [Boulder Notable]

605 Theresa Drive | $3.5M

  • Acquired last year for $2.4M, the seller extensively remodeled this six bedroom, five bath house but supposedly realized it was just too small for their needs. Here's what it looked like before the remodel.
  • The second garage (detached) could have been repurposed as a pool house or studio, if the garage space was unwanted. Or it could have been used for recreational/family purposes. 
  • We showed it to our clients, but it was a bit too far out of pocket for their needs. Otherwise, it checked a lot of boxes in terms of design and finish. 
  •  Deal Notes: Updated homes in attractive locations that meet the functional needs of a majority of buyers attract a premium, even in a flat market. Sometimes, life circumstances create an unplanned short holding period. We've experienced this scenario many times with our own clients. If the property was chosen well, tasteful updates and Mr. Market can still bail them out. Listed on February 21, it attracted strong buyer interest and sold for $375K above list.  

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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.