819 6th St [Boulder Notable]

819 6th St Boulder | $5.3M

The Location: Nestled on a large lot, this property offers an exceptional location, ticking many of the boxes for luxury home buyers. It's just steps away from Chautauqua, offering a quick and enjoyable bike ride to downtown, while maintaining a relatively low crime rate.
The House: Welcome to the Labrot Residence, a solid example of mid-century modern architecture, originally designed by Hoby Wagener, one of Boulder's most renowned architects of the 1950s. Wagener's portfolio includes over two hundred public and private buildings, such as Kittredge Dormitories and Williams Village. Over the years, the interior has been thoughtfully updated with modern fixtures and finishes, yet it retains the original expressionist style of the home. The layout is a unique 'V' design, featuring a complex system of butterfly and shed roofs. This exquisite residence includes four bedrooms, six bathrooms, and nearly 5,000 SF of meticulously finished space.
The Deal: The allure of mid-century homes, especially those designed architects like Wagner and Haertling, often commands a premium. However, sky-high pricing can lead to extended listing periods and, eventually, a sale price that may not be optimal for the seller. When selling your home, it's crucial to assess not only the price suggested by listing agents but also their methodology in determining that figure. Initially offered at an eye-watering $6.4M in March, the price was reduced by $550K after three months. In early September, it underwent a "refresh" with a new listing and an additional $550K price cut. Following this, the listing was "refreshed" nearly every month in a rather intriguing strategy, until it finally went under contract in mid-December. The final sale price was $5.3M, which, with seller concessions, ended up being over $1.1M below the original asking price.

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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.  

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.