BOULDER NOTABLE SALE: 5345 Gallatin Pl | $1.5M
The Location: Arapaho Ridge, conveniently located near open space trails (like Bobolink), bike paths, neighborhood retail, Flatirons Golf Course, and Boulder Community Hospital. For more about Arapaho Ridge, check out our "What You Need to Know" video.
The House: This property is a ranch-style home from the late '90s, featuring original finishes and likely an EFIS exterior. On a visit with a client, we immediately noticed the exterior's deterioration, evidenced by verdant green moss growth. In addition to the deferred maintenance and lack of updates, this home was a bit too large for our buyer, who remains on the hunt with cash in hand.
The Deal: Listed in July for $1.78M, this home, like many others, felt the effects of the market's downturn in the second half of the year. After two significant price reductions, it was priced at $1.59M in September. At this point, the seller became open to negotiations, and the property eventually sold for $1.46M. This represented a very favorable and well-negotiated acquisition for the buyer in the fourth quarter, especially considering the scarcity of moderate to larger ranch-style homes in Boulder.
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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.
