- Just five houses to the north of 3625 Cloverleaf, which sold for $3.15M six days earlier. A raised ranch with four bedrooms, four baths, and about 3,100 F. SQFT.
- Marketed as a new home, the developer actually repurposed the existing foundation and other structural elements of the home (just like 3625 Cloverleaf).
- Acquired for only $910K in May 2021. Permits applied in October (five months later) and issued in February 2022 (another four months). Believe it or not, nine months from acquisition to shovel ready is pretty good in the City of Boulder.
- Originally listed at $2.7M, the price was cut rapidly and multiple times. 3715 Cloverleaf Drive was on market for nearly 40 days before receiving an acceptable offer with an eventual selling price of $2.15M or 20% below original list. For extra salt in the wound, the buyer also managed to extract an additional $5,000 for undisclosed reasons.
- Due Diligence: There are important differences between an entirely new home and one built utilizing an existing foundation and other structural elements. Your agent can guide you with information regarding those differences.
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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.
