425 S 45th St: A Martin Acres Review

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Click the following link to view details, map and photos of this listing: 425 S 45th St

 

Listing history:

 

  • 06/01/2014 –  Listed at $500,000
  • 06/04/2014 –  Went under contract
  • 07/21/2014 – Sold for full price at $500,000

Description:

 

This home was built in 1957 in the second phase of the Martin Acres subdivision. It is one of only 31 houses of this style. A two story Cape Cod design. About half of them have basements and half of them don’t. This one is listed as having a 700 square foot finished basement. There are 2 bedrooms and a full bath on the main floor and 2 bedrooms and a full bath on the upper level. The standout feature of these Cape Cod styles is the angled ceiling which follows the roofline on the second floor. It has that cozy feeling in the bedrooms upstairs where the ceiling angles down to waist height on the side of the room. So a tall person would have to duck down along the sidewalls. Location of this one is very good. Approximately halfway between Table Mesa and Martin so traffic noise is minimal.

 

Pricing:

 

This is the only Cape Cod style which has sold so far in 2014 so there’s not much to compare it to. There were five however that sold in 2013. Here’s a link to those five sales: Click Here

 

Last year’s sales ranged in square footage from 1600 to 3200 and the price from $418,000 to $538,000. Considering the arguably 10% appreciation which happened in Martin Acres the first half of 2014 I’d say these buyers paid a price they can be happy with. At least they were one of the lucky ones who got into a house this year for what I’d guess was a low interest rate.

 

Need a market expert’s assistance? Contact David Lorraine at: David@8z.com or call 303-502-7823.

 

Motion to Hold Off on Development Could Affect Martin Acres

Councilman Sam Weaver is filing a motion to be considered before Boulder City Council this Tuesday, 16 September, in a study session between 5-7 pm to place a moratorium on all new development. Weaver’s reasoning is that Boulder residents have been voicing concern over the rash of megalithic developments popping up all over the City; he is calling for a halt on considering all new development proposals until the City comes up with an updated comprehensive strategy.

Why should Martin Acres residents care?

Recently, there have been new developments either built (such as the Affordable Senior Housing at Moorhead and Table Mesa) or proposed (Baseline Zero), whose size, architecture, traffic, etc. could impact Martin Acres residents. Whether for good or for ill is up to each resident to determine; however, maintaining a voice in the discussion helps MA homeowners ensure that their properties and neighborhood command the best value.

To learn more, click here. To write to City Council members, email Council@bouldercolorado.govand write before the Tuesday study session. Make sure to include your email address in your email.

Here is the full list of Councilman Weaver’s suggestions:

1)    Temporarily pause all major Planning Board level site and use plan review projects by no longer accepting applications for site or use review.

2)    Implement an appeal process that could enable a project that is past the Concept Plan phase to proceed to full site plan review during the pause, given adequate community benefit.

3)    Implement a Comprehensive Development Strategy process in which the City uses every method at its disposal to create robust public processes to determine what the residents want quantitatively and qualitatively regarding community character in 10 and 20 years.

4)    Use this process to guide changes to the Boulder Valley Comprehensive Plan, propose changes to the City Charter if appropriate, and update City codes and planning processes.

5)    Use a mix of Council members, Planning Board members, and City staff to design and implement this process, including a majority of Council members.

Weekly Snapshot: NEBO Sept. 4 – 10

BoulderSnapshot

 

Owning a home is one of the most important financial investments of your life. The more you know about how real estate works in Boulder, the better off your investment will be.

 

We’re here to show you the latest changes in the neighborhood: new listings, solds and open houses. Join us each week for the scoop in Northeast Boulder!

 

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3038 Fulton Cir, Boulder, CO 80301

Listed for $299,000 | 2 Beds | 3 Bath | 1032 sq ft | Townhome in Kings Ridge

 


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No homes sold this week.

 

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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Infographic: September 2014 Market Update for Eisenhower

Eisenhower - Boulder, real estate infographic

  

As you read this, the first snow flakes may have already fallen from the sky.  Snow in September!!??

 

Don’t worry though.  There is still plenty of real estate activity that will occur in the next few months before it really gets cold and the snow sticks around.

 

Last August was a decent month for late summer real estate transactions. In total there was $5,534,000 in transaction volume in the Eisenhower neighborhoods. Compared to August 2013 that was an additional $1M+ in sales (August 2013 had $3,978,000 in sales volume). Additionally the sales in August 2014 on a $/sq. ft basis sold for 7.8% more. However, this is just one month of the year and a more telling comparison will be at years end.

 

Another helpful data reference for this past month is the # of listings and properties under contract.

 

Last month there were 10 homes listed for for sale in the Eisenhower neighborhoods. Of these 10 new listings, 3 of them went under-contract in the same month!

 

Here is a quick recap of last month’s sales (note average days to offer was just 24!):

Address                 Sold Price    Sq. Ft.    Bed/ Bath   Days to Offer   $/sq. ft
52 Mineloa Ct        $530,000     2045       3/4                  8                  $256
113 Mineola Ct      $541,000     2302       4/4                  5                  $235
127 Huron Ct         $547,000     2019       4/4                 11                 $271
1160 Hancock Dr   $589,000     2476       4/3                 89                 $238
4786 McKinley Dr  $600,000     3180        4/3                 7                  $189
751 Cypress Dr      $762,000    3258         4/4                36                 $234
5271 Euclid Ave     $807,000    2114         3/3                17                 $382 (1/3 acre lot)
1158 Pintail Cr       $1,158,000  5068        5/5                 17                 $228
*8 sales in the 8th month brought to you by 8z*   I like the sound of that.

Weekly Snapshot: Baseline Sept. 4 – 10

BoulderSnapshot

Owning a home is one of the most important financial investments of your life. The more you know about how real estate works in Boulder, the better off your investment will be.

 

We’re here to show you the latest activity in the neighborhood: new listings, sold homes and open houses. Join us each week for the scoop in Frasier Meadows and Aurora!

 

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There were no new listings this week.

 

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No homes sold this week.

 

 

 

 

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

Follow Baseline Pulse on Facebook!

 

 

 

BVSD 3A calls for Four New Schools

In November, Boulder Valley residents will have the opportunity to vote on an initiative prompted by the Boulder Valley School District to build four new schools, and to repair all existing BVSD facilities (schools and administration buildings). The stated goals are to: “Ensure safe, comfortable, and healthy environments; enhance sustainability through green technology; and develop innovating learning spaces.”

To that end, BVSD proposes to demolish the existing structures at Creekside Elementary, Douglas Elementary, and Emerald Elementary, and build an entirely new school in Erie. The justification for the three rebuilt schools is that the cost of repairing these older buildings almost equals the value of the current structure; it makes more sense to build a new modern facility to meet BVSD goals.

In addition, all facilities will get repairs and upgrades to provide the healthiest and most innovative of learning environments. To view the entire BVSD Educational Facilities Master Plan, click here.

Excellent, high quality schools always bring increased value to a neighborhood, making it a more desirable place to live and a good property investment.

Open House: 5995 McSorley Ln, Boulder

Weekend Open House:

 

5995 McSorley Ln, Boulder, CO 80303

Listed for $719,000

3 Beds | 2 Baths | 2071 sq ft | Single Family Home in Old Tale

 

Listed by 8z Realtor Erik Boye and Hosted by 8z Realtor Lynn Saul

Open Saturday, September 13 from 12 to 3 p.m.

 

5995 Mcsorley Ln

5995 McSorley Ln

Beautiful, large yard

Beautiful, large yard

 

 

1990 Poplar Ave & 1831 Norwood St: Two Done Deals in Crest view

 

1990 Poplar Ave &1831 Norwood St were just evaluated in Crest View, and compared to 3952 20th St.  Were they a good deal? Our 8z Neighborhood Expert knows and dishes the scoop on these recently sold homes.

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1990 Poplar Ave-

Listed at: $750,000

Sold for: $753,000

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1831 Norwood Street-

Listed at: $799,000

Sold for: $750,000

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3952 20th Street-

Price Reduction and Active at: $799,000

 

 

1990 Poplar is a uniquely designed house that has been lovingly cared for over the years. A recent divorce has caused the owners to sell. The uniqueness of this home is really a waste of the southern exposure and mountain views as it blocked with sun tubes and bedroom walls…not one room has a view. So, it occurred to me that the majority of buyers out there would look at this property as a building opportunity maintaining the nice two car garage and studio but demoing the rest of the house.

 

1990 Poplar is a .52 acre southern lot with a 2769sf house.  1831 Norwood Ave is a .44 acre northern lot with a 1620sf complete scraper house.  3952 20th Street is a .53 acre northern lot without a house at $750k.  If you are looking to buy a piece of land and build your dream home…which one would you have chosen?

 

I would have chosen 1990 Poplar as it has the best southern exposure and mountain views no doubt.  In addition, although there will be expense in demolition of the existing building, it is a savings to utilize the existing foundation, electrical, garage and new studio space.  For this reason, Poplar went under contract in 4 days. 1831 Norwood took almost a month to go under contract and a price reduction from $899k to 799k.  Although this house is being marketed as “possibility to subdivide into 2 lots”, my experience has been…until is actually approved by the city and subdivided, then it’s not sub dividable and the value is as a single parcel.

 

Based on the above mentioned data, it should be obvious why the land at 3952 20th Street hasn’t sold yet.  Not only is it over priced, it is on the north side of 20th so the views will not be as good, and a portion of the lot is in the flood plane so any new buyer will have to comply with building restrictions and regulations.  Although they have lowered the price to $750k from $800k, it is my opinion that there is between $30-50k worth of costs in foundation, electrical, plumbing and dealing with the new flood regulations for this lot that have not been taken into consideration with the price.

 

 

For additional details click here to visit the property’s profiles on 8z.com: 1831 Norwood St, Boulder, CO 80304, 1990 Poplar Ave, Boulder, CO 80304, & 3952 20th. St, Boulder, CO 80304.

 

Need a market expert’s assistance? To see homes in the area contact 8z REALTOR Angela Moss at angela.moss@8z.com.

 

Have you viewed the home above? Do you agree with Mike? Let us know! Please feel free to submit your comments below.

 

September Market Update for Baseline

As your local 8z REALTOR and market expert, it is my pleasure to bring you this monthly update for the Baseline community of Boulder. Tune in each month for updated information about one of life’s biggest investments: your home. Or, even better, have it delivered right to your Inbox: 

 

Receive a monthly update

 

Cooler weather is closing in and the time to bundle up is coming.  As you’re pulling the cold weather gear out of closets and bins, please join us in donating unwanted items to local folks in need.  My team and I will be collecting clean, gently worn coats, outerwear and children’s boots on Saturday, October 25th to donate to the Sister Carmen Community Center.  Please contact me to get on the pick-up list (saraoclassen@8z.com or 303-818-1998).

 

The market also cooled down this August compared with 2013.  Overall home sales in the Boulder area were down almost 15% from last year.

 

We’re seeing a larger percentage drop in the Baseline neighborhoods with half the number of sales in 2014.

 

We had four homes in the Baseline area close in August 2014:

 

North of Baseline:  840 30th Street, north of Baseline, sold for $360,728.

 

On the south side:  210 Mohawk sold for $550,894, 47 Qualla sold for $580,000 and 380 Lipan sold for $790,000.

 

Baseline Sept Update

 

Other August stats:
Baseline North
Average price per square foot – $373 in 2014, $320 in 2013
Average days to contract – 2 in 2014, 29 in 2013

 

Baseline South
Average price per square foot – $237 in 2014, $283 in 2013
Average days to contract – 73 in 2014, 37 in 2013

 

Active listings:

 

4590 Osage, now at $539,900 (originally listed at $559,900 on July 12, 2014)
4750 Sioux, listed at $549,900 (originally listed at $609,700 on December 12, 2013)

 

Under contract:

 

770 39th, listed at $425,000 (30 days to contract)
775 Morgan, listed at $460,000 (51 days to contract)
4604 Talbot, listed at $470,000 (4 days to contract)

 

Please call me if you need any assistance in the Boulder area. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with any of your real estate needs in the neighborhood. You can always reach me at 303.818.1998 or sara.oclassen@8z.com.

Weekly Snapshot: Newlands Sept. 4 – 10

BoulderSnapshot

 

Owning a home is one of the most important financial investments of your life. The more you know about how real estate works in Boulder, the better off your investment will be.

 

We’re here to show you the latest changes in the neighborhood: new listings, solds and open houses. Join us each week for the scoop in Newlands!

 

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1110 Kalmia Ave, Boulder, CO 80304

Listed for $1,475,000 | 4 Beds | 4 Bath | 3072 sq ft | Single Family Home

 

635 Iris Ave, Boulder, CO 80304

Listed for $995,000 | 4 Beds | 3 Bath | 2912 sq ft | Single Family Home

 

3122 9th St, Boulder, CO 80304

Listed for $849,900 | 3 Beds | 2 Bath | 2003 sq ft | Single Family Home

 

3242 5th St, Boulder, CO 80304

Listed for $749,000 | 4 Beds | 3 Bath | 2208 sq ft | Single Family Home

 

 

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715 Juniper Ave, Boulder, CO 80304

Sold for $1,625,000 | 5 Beds | 5 Bath | 4993 sq ft | Single Family Home

 

 

 

Have questions about any of these properties or curious about your home’s value? We can help! Reach us at 303-543-3083 or clientcare@8z.com.

 

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