Does this house listing in Boulder, CO look underpriced?

I'm saying that the following is closer to the typical house I see sell in Boulder for around 1.0M:

https://www.redfin.com/CO/Boulder/1040-9th-St-80302/home/35172315

Does it really matter whether one lives in "Boulder Proper," whatever that is?

Is it cheaply built? You could be right.

I looked on Street View and the neighborhood looks nice. The front lawn would look good with a Trump 2024 yard sign.

Yes, it's underpriced. It's already pending, and will probably go for several hundred thousand over asking.

jamin wrote:

I'm saying that the following is closer to the typical house I see sell in Boulder for around 1.0M:

https://www.redfin.com/CO/Boulder/1040-9th-St-80302/home/35172315

Does it really matter whether one lives in "Boulder Proper," whatever that is?

Dude, that one isn't only in Boulder proper, it's on Uni Hill, one of the student neighborhoods. For students, yeah, it matters being close to campus and other students. So they won't want to take the bus down from the place you listed in the OP.

Someone will grab this one as an investment: put in new carpet and fresh paint and get $4-6K/month rent income for the next decade. You don't want to live there, though. It would need a full interior refurb to be appealing to adults. Or maybe you do?

jamin wrote:

I'm saying that the following is closer to the typical house I see sell in Boulder for around 1.0M:

https://www.redfin.com/CO/Boulder/1040-9th-St-80302/home/35172315

Does it really matter whether one lives in "Boulder Proper," whatever that is?

Yes. It matters. It's like saying is it worth living at the beach or 5 miles inland. That's why homes in Table Mesa are 1,000 dollars a foot and homes in Superior are a fraction of that. If it's worth it or not is a separate question. I would say no. But the home values in Boulder are probably never going down unless we have some kind of economic disaster.

This is fascinating to me...on one level a clean and simple way to stop urban sprawl wrecking the mountains around Boulder, but on the other hand also a clean and simple way to keep housing unaffordable by limiting new construction.

Although I suppose they could sprawl all the way to Kansas if they wanted to.

"Boulder residents vote to amend the city charter establishing a “Blue Line” amendment that limits city water delivery expansion and service to only those areas below 5,700 feet. This led to local land preservation"

That house will likely end up selling for 1.2 to 1.3, people around here list their houses like that on purpose counting on a bidding war.

agip wrote:

This is fascinating to me...on one level a clean and simple way to stop urban sprawl wrecking the mountains around Boulder, but on the other hand also a clean and simple way to keep housing unaffordable by limiting new construction.

Although I suppose they could sprawl all the way to Kansas if they wanted to.

"Boulder residents vote to amend the city charter establishing a “Blue Line” amendment that limits city water delivery expansion and service to only those areas below 5,700 feet. This led to local land preservation"

Those council members responsible for the passage of all the anti-growth measures decades ago? All had significant real estate holdings. The wealthy hi-jacked the real estate market for their own benefit, which continues unabated.

Gunbarrel might be more your style, maybe search over there:

https://aboutboulder.com/blog/is-gunbarrel-in-boulder/

It's where Ritz, Cabada, and many others lived in Boulder when they were pros. Most pro groups run workouts there and even some non-elite groups do, too. All the Strava segments there are well out of reach.

Evan Jogger wrote:

Gunbarrel might be more your style, maybe search over there:

https://aboutboulder.com/blog/is-gunbarrel-in-boulder/

It's where Ritz, Cabada, and many others lived in Boulder when they were pros. Most pro groups run workouts there and even some non-elite groups do, too. All the Strava segments there are well out of reach.

That's a pretty good spot. Plus, you're very close to Boulder res. The downside is being a long way from the foothills. It's pretty flat out there.

agip wrote:

This is fascinating to me...on one level a clean and simple way to stop urban sprawl wrecking the mountains around Boulder, but on the other hand also a clean and simple way to keep housing unaffordable by limiting new construction.

Although I suppose they could sprawl all the way to Kansas if they wanted to.

"Boulder residents vote to amend the city charter establishing a “Blue Line” amendment that limits city water delivery expansion and service to only those areas below 5,700 feet. This led to local land preservation"

Notice there aren't homes spread across Marshall Mesa or along South Boulder Road east of 55th, either. Along with the building height restriction (55' - which of course has seen multiple exemptions c/o deep pockets), they've made it really complex, expensive, and complicated to develop both outside of and within a really tight footprint. Even when developers attempt to develop within those limits, local millionaire neighbors band together to try to get it shot down (Waterview:

).

bladerunner wrote:

Evan Jogger wrote:

Gunbarrel might be more your style, maybe search over there:

https://aboutboulder.com/blog/is-gunbarrel-in-boulder/

It's where Ritz, Cabada, and many others lived in Boulder when they were pros. Most pro groups run workouts there and even some non-elite groups do, too. All the Strava segments there are well out of reach.

That's a pretty good spot. Plus, you're very close to Boulder res. The downside is being a long way from the foothills. It's pretty flat out there.

Except if you run up Gunbarrel Hill, immediately to the east, and out to Teller Farm. Or north a couple miles to Niwot. Foothills Trail is as flat as any of that. You're not going to live within short running access of Chautauqua and Mesa Trail unless you want to live among college kids, get locked-in to an affordable housing program, or have a boatload of liquid cash on top of at least a mid-6 digit income. Sage saw the writing on the wall with respect to accessing crowded in-town trails and GTFO.

That house would be 300K or so in most of the Midwest, just like the California house I live in now.

Difference here is, you can live in Boulder, or in Southern California, and spend a bit more on a house, or live in Dubuque, Iowa, and be freezing right now and live in Iowa.

I live in Denver -- This house is likely underpriced a bit to get bids in and create a bidding war. The middle-school is 5/10 so will likely rule out some buyers with young kids. Guessing this will go for $1.5-ish, maybe more. We sold our house in Denver not too long ago for $250k above asking and boulder market is obv. hotter.

I do the opposite and make an offer 50% below asking price. The art of the deal.

Boulder Connection wrote:

Salida is the new Boulder wrote:

Looks like a cheesy new overpriced construction.

https://www.zillow.com/homes/4877-10th-St-Boulder,-CO-80304_rb/13252641_zpid/

Yes, overpriced indeed.

I think plenty agree with you, but there is a real fear right now (im feeling it) that these crazy price jumps are not going to crash at all, and may indeed only see a mild correction at most. The crazy prices have real underpinnngs- low supply, and a crapload of Boomers ( and others) with deep pockets. At a minimum, vacation homes wont go down I think. Im on a boating blog from time to time and the big joke there is the treads that have been started for 15 years about the impending boating market crash. They never do. It just goes up indefinitely. The baby boom was real man. Maybe there will be crash...but it may be farther off than we think, like 10-20 yrs farther off. No wild banking practices or speculation like 2006-2008. 1st world problems I know, but this sucks if you are from the no name generation like me. Ill prolly get caught up in the worst time to to retire ever.

bigmig19 wrote:

1st world problems I know, but this sucks if you are from the no name generation like me. Ill prolly get caught up in the worst time to to retire ever.

No name generation? Tell me your birth year, I'll tell you your generation's name!

jamin wrote:

I do the opposite and make an offer 50% below asking price. The art of the deal.

You live in a condo in Seattle right now, is that right? 2/2? What's the current estimated market value?

How much would it cost to fix up the interior of this house that just went on the market? 

https://www.redfin.com/CO/Boulder/4760-Hancock-Dr-80303/home/35189529