Sunday, January 6, 2013

Canyon Center Condos in Boulder, Colorado

If you're looking for the quintessential Boulder, Colorado lifestyle, close to the Pearl Street Mall with its cafes, restaurants, bars and boutiques so well known and frequented by Boulder residents and out of towners as well, then look no further than the Canyon Center Condos in Boulder, CO. This is a complex of approximately 45 condos between Canyon and Walnut, 1 block west of 9th Street. These condos were built in the mid 1980's and have been well maintained by a strong HOA. The best location are those on the exterior, facing Canyon but set back from  the street and buffered by lawn and trees. They also have great southern exposure and views of the Boulder Creek path park and trees. Prices range between $320,000 and $850,000 for the penthouse, largest model. These condos are a great value when compared with the newer million dollar+ condos at One Boulder Plaza, built in 2002.
If you're interested, keep reading for more details. Also, please check out my listing in the complex: 824 Walnut A. Or visit my website to contact me.

There have been 13 sales in the complex of approximately 45 condos in the last 2 years. I went back to January 1, 2010. The prices range between $320,00 on the low end to $850,000 as the most expensive penthouse unit on the top floor with 1691 square feet, 2 bed and 2 bath and includes a garage. The units in the center of the complex and the smaller models are at the lower end of the price range.
I have selected these 6 sales as being the most relevant comps. There are 2 that have exactly the same square footage as 824 A, which is 959'. This model is a one bedroom + 1 non-conforming bedroom that can be used as an office or guest room (or converted to a 2nd bed).

in 2010:
854 Walnut B (2nd floor) sold for $370,000 in Oct. 2010 after 7 days on the market.
856 Walnut A (main level) sold for $390,000 in Nov. 2010 after 24 days on t he market.
812 Walnut D (4th floor) sold for $462.00 in Nov. 2010, is slightly larger (49 sq ft) and has an extra bath.
854 Walnut D (4th floor) sold for 462,500 and also is larger with 2 beds, 2 baths.

2011 was a slower year due to lack of inventory. There were 3 sales, between $348,000 for a smaller 1 bed. in the center (no guest room) to 854E on the top level with 1360 sq ft and 3 beds, 3 baths which sold for $527.000. The best comp is 790 Walnut D, which was 49 sq ft larger and is listed as 3 bedrooms, 1 bath.

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