2831 20th Street started as a typical mid century ranch. At some point, likely in the mid 90's, the owner constructed an addition with a second story primary bedroom.
The location is solid for north central Boulder; it's only a short bike ride to downtown or to Google. The interior was quite dated. Likely it's been a rental for many years.
Deal notes: Listed at $950K, the property went under contract within the first week and closed at slightly over $1M. This is a good example of a house that wasn't worth a bidding war, in my opinion.
Due diligence: The listing says this property is minimal risk when it comes to flood, but my research shows it's in the 500 year flood plain. In the past, we've felt the 500 year floodplain was not really a concern, but recent conversations with our climate change expert clients has shifted our perspective. Flood plains are not conservative, are politically influenced, and will likely change in coming years. We would have advised our buyers to consider alternatives.
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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.
