BOULDER NOTABLE SALE: 340 S Peak Rd | $1.6M
The Location: Perched on the side of Sugarloaf Mountain, this home is about a fifteen-minute drive from downtown Boulder. It's situated in a platted neighborhood that includes the key benefit of association road maintenance.
The House: We’ve talked about this house extensively because, well, it was our listing. This was a dream home for the original owner, and the architect they hired did a remarkable job. The house not only maximizes the view but also features a triple solar setup, with passive, hot water, and photovoltaic systems. It stands as one of the best designed mountain houses I've encountered in the Foothills surrounding Boulder. I sincerely hope the new owner cherishes it as much as our clients did.
The Deal: Like many properties listed last summer, this one experienced the downturn of the market's second half, a common risk of summer listings. The seasonal peak is already past by then. The optimal time for testing the market is the first quarter of the year. Nonetheless, the home ultimately sold for $1.6M, $250K more than what our clients paid a few years back, yet at a considerable discount from our original asking price. One key lesson from this listing is the significant impact of additional drive time from town on buyer psychology. During our listing period, we observed the sale of several lower-quality homes at similar prices, but their closer proximity to town was the deciding factor. Check out the video.
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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.
