DENVER NOTABLE SALE: 301 Eudora St | $2.2M
Strong buyer interest allowed this Hilltop neighborhood historic home to close for slightly over list, despite slow fourth quarter market conditions.
310 Eudora featured five bedrooms (four on the upper level), four baths, and approximately 3,800 SQFT. The home home was thoroughly renovated during the seller's tenure, with plenty of upside given an initial acquisition price of only $750,000 in 2014.
Due diligence: Historic homes require much greater due diligence than newer homes. When an owner completes an extensive renovation, the work quality, finishes, and fixtures are generally much higher quality than one would expect with a property developed for profit (i.e. a flip). Ask for a list of contractors. This property is adjacent to a busy road, but that hardly seemed to matter.
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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.
