Mountain Gem

Having a roof that imitates a bird about to take flight is just one of the features that puts the house at 855 Timber Lane in Boulder into the category of unique.
An indoor koi pond, an altitude that overlooks Boulder and being minutes from the Pearl Street Mall also bump up the appeal of this Pine Brook Hills property. The house’s exterior includes a water feature and a large yard that invites a party.
“A yard this big is unusual for mountain property spaces,” said Peter Maybee, broker associate with Colorado Landmark-Boulder. He sees the house as an ideal spot for an executive to show off the beauty of Boulder, and with six bedrooms, it can meet the needs of a large family as well.
“This property is good for a life/work situation, which is what the current owner does,” Maybee added.
With less than two-weeks on the market, 855 Timber Lane already has attracted two potential buyers — a ratio of time and showings that’s natural for a house in this price range, according to Maybee. “The average number of days on the market is 94 for this price range.”
Whereas inventory is extremely low for residential properties that are priced lower, those in this $2.5 million to $3.5 million range are more available. There currently are 41 on the market in Boulder County, with one under contract. In the city, there are 16 with five under contract.
“A majority of people like to stay in town,” Maybee said, adding that after the recession, there was a mass movement farther east onto the plains where properties tend to be larger.
Demand, of course, continues to drive cost. “Just for the city of Boulder,” Maybee said, “houses appreciated 13.38 percent for 2015 over 2014.”
From 2014 to 2015, appreciation was 9.81 percent, and from 2013 to 2014 it was 7.62 percent.
“Since 1979, there have only been four years when they depreciated,” he said, “and three of those were less than 2 percent.”