1000 Sumner Way Active Market Analysis - Neil Ackerman

This week the median list price for Erie, CO is $840,268 with the market action index hovering around 53. This is less than last month's market action index of 54 Inventory has increased to 75

Marke t Act ion I n d e x

This answers “How’s the Market?” by comparing rate of sales versus inventory

Re al-Time Marke t Profile

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Marke t Segme n ts

Each segment below represents approximately 25% of the market ordered by price

Me d ian List Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Segme n ts

Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are mixed, while Quartiles 3 and 1 are up. Look to persistent downward shift in the Market Action Index as a leading indicator for a plateau in the market as a whole.

Price Pe r Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Marke t Act ion I n d e x

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Marke t Act ion Segme n ts

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

Me d ian Days on Marke t (DO M)

The properties have been on the market for an average of 45 days. Half of the listings have come newly on the market in the past 23 or so days. Watch the 90-day DOM trend for signals of a changing market.

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

1000 Sumner Ct, Erie, CO 80516-6805, Boulder County

APN:

R0512346 CLIP: 2202181873

Map of Comparable Listings

STATUS: A = ACTIVE P = PENDING S = CLOSED

Details

Prop Type: Single Family

Residence

County: Weld

Subdivision: Erie Commons

Style: Contemporary

Full baths: 3.0

Features

Appliances: Dishwasher, Disposal, Double Oven, Microwave, Oven, Refrigerator, Self Cleaning Oven

Association Amenities: Park, Pool, Trail(s)

Association Fee Frequency: Monthly

Association Fee Includes: Capital Reserves, Trash

Association Name: Erie Commons

Half baths: 1.0

Lot Size (sqft): 6,160

Garages: 2

List date: 5/5/23

Updated: May 5, 2023 6:40

AM

List Price: $735,000

Orig list price: $735,000

Assoc Fee: $97

Taxes: $6,109

School District: St. Vrain Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Cody Smetzer 7202023941

Association Phone: 970-407-9990

Association Yn: true

Basement: Full

Building Area Source: Assessor

Construction Materials: Wood Siding

Cooling: Central Air

Direction Faces: East

Fireplace Features: Gas

Flooring: Laminate, Wood

Heating: Forced Air

Interior Features: Eat-in Kitchen, Jet Action Tub, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: In Unit

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 3746

Lot Features: Sprinklers In Front

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Other Equipment: Satellite Dish

Parking Total: 2

Patio And Porch: Patio

Possible Use: Residential

Road Frontage Type: Public Road

Road Surface Type: Paved

Roof: Composition

Security Features: Smoke

Detector

Sewer: Public Sewer

Remarks

Structure Type: House

Tax Legal Description: ERI

2EC L7 BLK17 ERIE

COMMONS 2ND FG

Tax Year: 2022

Utilities: Cable Available, Electricity Available, Natural Gas Available

Virtual Tour: View

Water Source: Public

Zoning: RES

Come and see this beautiful home in Erie Commons with four bedrooms and four baths. There are three bedrooms on the upper level along with a primary five piece bath, secondary bath, laundry room and loft. The main floor also has a guest bedroom with a full bath for your out-of-town visitors. The rich hardwood floors lead you from the foyer past the living room, dining room, and into a wonderful kitchen and family room space. The gleaming countertops reflect the wood tones and make the kitchen a wonderful gathering place. It's also complete with all stainless steel appliances, including a double oven. The family room leads you out onto a beautifully sculpted back patio that runs the length of the home. There are beautiful trees and landscaping in the fully fenced backyard area. This Home is located in the central part of Erie with quick access to the recreation center, sports fields, the library, downtown restaurants and shops and it's a quick drive to I25. A quick closing is available. Buyer to verify square footage and HOA specifics.

Courtesy of RE/MAX Alliance-Boulder

Information is deemed reliable but not guaranteed.

Cody Smetzer 7202023941

Details

Prop Type: Single Family

Residence

County: Boulder

Subdivision: Canyon Creek Flg

6

Full baths: 3.0

Half baths: 1.0

Features

Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Association Amenities: Park

Association Fee Frequency: Quarterly

Association Fee Includes:

Snow Removal, Trash

Association Name: Canyon Creek South

Association Phone: 7209744128

Lot Size (sqft): 6,771

Garages: 2

List date: 2/23/23

Updated: May 4, 2023 8:20

AM

List Price: $700,000

Orig list price: $750,000

Assoc Fee: $155

Taxes: $4,076

School District: St. Vrain

Valley RE-1J

High: Erie

Middle: Erie

Elementary: Erie

Cody Smetzer

7202023941

Association Yn: true

Basement: Walk-Out Access

Building Area Source:

Assessor

Construction Materials: Wood

Frame

Cooling: Ceiling Fan(s), Central Air

Exterior Features: Dog Run

Fencing: Fenced

Fireplace Features: Gas

Flooring: Tile

Heating: Forced Air

Interior Features: Eat-in Kitchen, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: In Unit

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2734

Lot Features: Open Space, Sprinklers In Front

Main Level Bathrooms: 1

Other Equipment: Satellite Dish

Parking Total: 2

Patio And Porch: Deck, Patio

Possible Use: Residential

Road Surface Type: Paved

Roof: Spanish Tile

Comparative

Security Features: Smoke

Detector

Sewer: Public Sewer

Structure Type: House

Remarks

Tax Legal Description: LOT

22 BLK 6 CANYON CREEK

FLG 6

Tax Year: 2022

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

View: Plains

Virtual Tour: View

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Zoning: Res

Beautifully updated and maintained home in desirable Canyon Creek backing to open fields. Stunning bamboo floors throughout the main level with an open floor plan to kitchen and living room. Kitchen is remodeled with granite countertops, designer backsplash and stainless steel appliances. The living room and formal sitting room or dining room is separated by a double sided fireplace. Large deck of kitchen/living room offers amazing east views over the large yard. Bamboo is continued upstairs into the loft/office and hallway to 3 bedrooms. Primary bathroom is a well appointed full bath with 2 sinks, updated cabinets and countertops. The second and third bedrooms share an additional full bathroom. The walkout basement has a living area, bedroom and full bath along with additional storage. Step out into the large well landscaped yard with built in trampoline and playhouse. This is the Canyon Creek home you have been waiting for with easy access to downtown Erie, Boulder or Denver. owned Solar System installed in 2017, newer Rinnai tankless hot water heater, newer high efficiency Lennox furnace and AC, LED bulbs throughout home.

Courtesy of LIV Sotheby's Intl Realty

Information is deemed reliable but not guaranteed.

Cody Smetzer 7202023941

Details

Prop Type: Single Family

Residence

County: Weld

Subdivision: Erie Commons

Full baths: 3.0

Half baths: 1.0

Features

Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Association Amenities: Park, Playground, Pool

Association Fee Frequency: Monthly

Association Fee Includes: Recycling, Snow Removal, Trash

Lot Size (sqft): 5,000

Garages: 2

List date: 4/20/23

Updated: May 2, 2023 12:30

AM

List Price: $724,800

Orig list price: $738,800

Assoc Fee: $97

Taxes: $5,781

School District: St. Vrain

Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Cody Smetzer 7202023941

Association Name: Erie Commons

Association Phone: 970-407-9990

Association Yn: true

Basement: Partial, Unfinished

Below Grade Unfinished Area: 1335.0

Builder Name: Richmond

American Homes

Building Area Source: Public Records

Construction Materials: Frame

Cooling: Central Air

Direction Faces: Northwest

Exterior Features: Private Yard

Fencing: Full

Fireplace Features: Family Room

Fireplaces Total: 1

Flooring: Carpet, Laminate, Tile, Wood

Foundation Details: Slab

Furnished: Unfurnished

Heating: Active Solar, Natural Gas

Interior Features: Ceiling Fan(s), Entrance Foyer, Five Piece Bath, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Smoke Free, Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2774

Lot Features: Landscaped, Master Planned

Main Level Bathrooms: 1

Parking Features: Concrete

Parking Total: 2

Patio And Porch: Front Porch, Patio

Remarks

Pets Allowed: Yes

Roof: Composition

Security Features: Carbon Monoxide Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: L16

BLK4 ERIE COMMONS FG 4

1ST AM

Tax Year: 2022

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

View: Mountain(s)

Virtual Tour: View

Water Source: Public

Window Features: Window Coverings, Window Treatments

Zoning: SFR

Welcome Home! This is your chance to live in the highly sought after Erie Commons neighborhood! A fantastic location- this spacious 4 bed/ 3.5 bath home boasts an open concept floor plan with thousands of dollars in upgrades. As you enter the home you're greeted by an office/den with beautiful French doors - the perfect secluded space for working from home. The entry gives way to the cozy living room, complete with an upgraded stacked stone fireplace. An entertainer's dream, the open concept flows from the living room into the kitchen and dining. In the kitchen you'll find upgraded granite countertops covering the oversized island and plentiful cabinet storage. An upgraded gas cooktop and double ovens are ideal for the chef in your family, and the added bar area entertains the other adults while the meal is being prepared. The large walk-in pantry is steps away from the 2 car garage access, which makes those Costco hauls a breeze. The builder-added dining nook leads way to the extra large back patio and landscaped yard, wonderful for those warm summer nights. Upstairs you'll find all four bedrooms and an expansive loft area. The loft is a great spot for a second office or kids playroom and has direct views of Longs Peak. New Pergo flooring and carpet can be found throughout the upper level. The sizeable master is a serene retreat, it is prewired for speakers, includes a 5 piece master bath, and a large walk in closet with added storage system. A second bedroom upstairs offers an ensuite bath, great for guests or that independent teenager. There are two additional bedrooms upstairs and another full bath with double vanities. In the basement you'll find a delightful space to let your creative juices flow. The basement is already framed out, and the rest is yours to imagine! This home is walking distance to Downtown Erie, The Erie Singletrack, Coal Creek Trail, Erie Rec, and your Erie Common's Pool! Make this beautifully maintained home yours today!

Courtesy of JPAR Modern Real Estate Information is deemed reliable but not guaranteed.

Cody Smetzer 7202023941

Details

Prop Type: Single Family Residence

County: Boulder

Subdivision: Creekside

Style: Contemporary

Full baths: 3.0

Features

Appliances: Dishwasher, Disposal, Down Draft, Dryer, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Washer

Association Fee Frequency:

Monthly

Association Fee Includes: Trash

Association Name: Homestead Mgmt- Creekside

Half baths: 1.0

Lot Size (sqft): 6,678

Garages: 3

List date: 4/15/23

Updated: May 4, 2023 10:53 AM

List Price: $949,000

Orig list price: $990,000

Assoc Fee: $67

Taxes: $5,407

School District: St. Vrain Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Cody Smetzer 7202023941

Association Phone: 303-547-1444

Association Yn: true

Basement: Bath/Stubbed, Full, Unfinished

Below Grade Unfinished Area: 1382.0

Builder Name: Meritage Homes

Building Area Source: Public Records

Construction Materials: Cement Siding, Frame

Cooling: Central Air

Direction Faces: North

Exterior Features: Lighting, Private Yard, Rain Gutters

Fencing: Full

Fireplace Features: Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Laminate, Tile

Heating: Forced Air

Interior Features: Built-in Features, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Jack & Jill Bath, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Smart Thermostat, Smoke Free, Utility Sink, Vaulted Ceiling(s), WalkIn Closet(s)

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 3447

Lot Features: Cul-De-Sac, Foothills, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Concrete

Parking Total: 3

Patio And Porch: Front Porch, Patio

Remarks

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Composition

Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT

10 BLK 8 CREEKSIDE

Tax Year: 2022

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View: City, Mountain(s)

Virtual Tour: View

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Welcome to your dream home with mountain views! This stunning property is nestled in a quiet, safe subdivision, close to elementary and middle schools, with open space in the backyard, and easy access to trails, playgrounds, and parks. This practically brand-new home is in excellent condition and is now available for you to make it yours. This beautiful home comes with the added benefit of NO METRO DISTRICT TAX and low HOA monthly dues, making it an even more affordable and attractive option for prospective buyers. Step inside and experience the huge open concept with a remarkable kitchen and pantry, well appointed great room, separate dining space and office for a luxurious main level. The upstairs is designed for maximum comfort, with room for everyone. The primary bedroom boasts million-dollar views of the mountain range and a beautiful bathroom with ample space. Two separate walk-in closets provide all the space you need for your shopping trends. There are four roomy bedrooms upstairs, all with large closet space, and three full bathrooms. Want simplicity? The spacious upstairs laundry room eases the timing of chores while being tucked away and quiet. The spacious yet cozy loft is ideal for relaxing, watching tv, and hanging out. The full-size unfinished basement with extended height to ceilings provides so much potential for any additional space needed. Enjoy some Downtown flare as Old Town Erie is nearby, with all the fun shops and restaurants to keep you entertained. You'll love the neighborhood and highly rated St Vrain Valley School District. This home truly has it all, and it won't last long. Act fast and make it yours today!

Courtesy of Remax Nexus

Information is deemed reliable but not guaranteed.

Cody Smetzer

Details

Prop Type: Single Family Residence

County: Boulder

Subdivision: Canyon Creek

Style: Contemporary

Full baths: 2.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Double Oven, Microwave, Oven, Refrigerator

Association Fee Frequency: Quarterly

Association Fee Includes:

Capital Reserves, Trash

Association Name: Canyon Creek Hoa

Association Phone: 303-420-4433

Association Yn: true

Half baths: 1.0

Lot Size (sqft): 5,709

Garages: 2

List date: 3/31/23

Pending date: 4/7/23

Off-market date: 5/9/23

Photo not available

Cody Smetzer 7202023941

Basement: Full, Sump Pump

Building Area Source: Assessor

Construction Materials: Stucco, Wood Frame

Cooling: Ceiling Fan(s), Central Air

Direction Faces: South

Fencing: Fenced

Fireplace Features: Gas, Living Room

Updated: May 9, 2023 7:20 AM

List Price: $735,000

Orig list price: $735,000

Assoc Fee: $175

Taxes: $4,638

School District: St. Vrain

Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Flooring: Tile

Foundation Details: Slab

Heating: Forced Air

Interior Features: Eat-in Kitchen, Five Piece Bath, Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, Smart Thermostat, Walk-In Closet(s)

Laundry Features: In Unit

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 3606

Lot Features: Sprinklers In Front

Parking Total: 2

Patio And Porch: Patio

Possible Use: Residential

Road Surface Type: Paved

Roof: Concrete

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 6

BLK 2 CANYON CREEK FLG 6

Tax Year: 2022

Remarks

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Water Source: Public

Window Features: Double

Pane Windows

Zoning: RES

Who wouldn't fall in love with the Canyon Creek neighborhood's wide, graceful lanes and friendly community? This home fits right into the scene with its pretty stone facing, covered front porch, and elegant concrete tile roof. Inside, hardwood floors welcome you into the well-designed main level, which has a sunny living room with a fireplace, a formal dining room, and French doors leading to a study for work-from-home convenience (plus ultra-high-speed fiber internet slated to be available in fall of this year!). Cooks will love the gourmet kitchen, with a gas cooktop, double ovens, rich wood cabinetry, granite countertops, generous storage space, and eat-in dining. A large primary bedroom has a beautiful five-piece en suite bathroom and a huge walk-in closet while the full finished basement is the perfect space for your hobbies, down-time, and additional storage. This just-right treasure is in a special spot poised for fun, near the adorable shops and eateries of downtown Erie, close to the rec center and library, and across the street from the new, master-planned Erie Town Center's forthcoming retail, dining, entertainment spaces and parks.

Courtesy of Sammons and Company, LLC

Information is deemed reliable but not guaranteed.

Details

Prop Type: Single Family Residence

County: Boulder

Subdivision: Sunwest

Full baths: 3.0

Half baths: 2.0

Features

Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Association Amenities: Park, Playground, Trail(s)

Association Fee Frequency: Quarterly Association Fee Includes:

Maintenance Grounds

Association Name: Sunwest

HOA

Association Phone: (720)

974-4129

Lot Size (sqft): 6,499

Garages: 3

List date: 3/10/23

Sold date: 4/25/23

Off-market date: 3/18/23

Updated: Apr 26, 2023 2:09 AM

List Price: $725,000

Orig list price: $725,000

Assoc Fee: $162

Taxes: $3,195

School District: St. Vrain

Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Association Yn: true Basement: Finished

Building Area Source: Public Records

Concessions: Buyer Credit/ Incentives

Concessions Amount: 1000

Construction Materials: Frame

Cooling: Central Air

Exterior Features: Lighting, Rain Gutters, Spa/Hot Tub, Water Feature

Fencing: Full

Fireplace Features: Gas, Living Room

Fireplaces Total: 1

Flooring: Carpet, Wood

Heating: Forced Air

Interior Features: Ceiling

Fan(s), Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, Jumbo

Living Area Total: 3413

Lot Features: Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Finished

Parking Total: 3

Patio And Porch: Patio

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Comparative Market Analysis

1000 Sumner Court, Erie, Colorado 80516

Cody Smetzer 7202023941

Structure Type: House

Tax Legal Description: LOT

29 BLK 8 SUNWEST SUB

Remarks

Tax Year: 2022

Water Source: Public

Window Features: Double Pane Windows, Skylight(s)

Pride of ownership shows from the moment you walk in the door. You will notice the gorgeous hardwood floors and vaulted ceilings on the main floor as well as the sky lights in the living room. When you make your way into the dining room/ family room you will notice how big this area is and how much natural light is let in with all of the windows. Right around the corner is the eat-in kitchen that offers granite countertops, stainless steel appliances, tons of counter space and an island. The kitchen is open to the living room and is a great place to entertain! In the living room there is a gas fireplace, built ins and 2 skylights! Off of the living room is a large room that could be used as an office or a non-conforming bedroom and had an attached half bathroom with a large storage closet. Upstairs at the end of the hallway is a large bedroom with a big walk-in closet. Additionally, there is an updated full bathroom with a large soaker tub, granite countertops and a skylight. There is a 2nd large bedroom upstairs as well! Across the walkway is the primary suite that includes a walk-in closet, an updated bathroom with granite countertops, a tiled shower, bathtub, double sinks and 2 large windows. There is also a laundry chute in the linen closet in the bathroom. High quality new, carpet and padding throughout the upstairs. In the basement there is a bedroom bathroom suite, a large living room and a powder room. Also, a large storage area. The backyard oasis has been landscaped with a great stone patio, a small pond and a grassy area all surrounded by large mature trees. This home is surrounded by walking paths, close to great school and the expanding downtown Erie.

Cody Smetzer 7202023941

Courtesy of Due South Realty

Information is deemed reliable but not guaranteed.

Details

Prop Type: Single Family

Residence

County: Weld

Subdivision: Erie Commons

Style: Contemporary Full baths: 3.0

Features

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator

Association Amenities:

Playground

Association Fee Frequency: Monthly

Association Name: Erie Commons

Association Phone: 303-926-2700

Association Yn: true

Basement: Finished, Full

Half baths: 1.0

Lot Size (sqft): 6,160

Garages: 3

List date: 2/9/23

Sold date: 2/28/23

Off-market date: 2/11/23

Updated: Mar 1, 2023 6:47 AM

List Price: $705,000

Orig list price: $705,000

Assoc Fee: $68

MLS #2328155

Taxes: $5,964

School District: St. Vrain

Valley RE-1J

High: Erie

Middle: Erie

Elementary: Red Hawk

Building Area Source: Public Records

Common Walls: No Common Walls

Concessions: No

Construction Materials: Frame

Cooling: Central Air

Direction Faces: West

Fencing: Full

Fireplace Features: Family Room

Fireplaces Total: 1

Flooring: Carpet, Laminate, Wood

Foundation Details: Concrete Perimeter

Heating: Forced Air

Interior Features: Ceiling

Fan(s), Five Piece Bath, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Primary Suite Levels: Two

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 3296

Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Tandem

Parking Total: 3

Patio And Porch: Front Porch, Patio

Road Frontage Type: Public Road

Cody Smetzer 7202023941

Road Responsibility: Public

Maintained Road

Road Surface Type: Paved

Roof: Composition

Senior Community Yn: false

Remarks

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: ERI

2EC L16 BLK17 ERIE

COMMONS 2ND FG

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected

Virtual Tour: View

Water Source: Public

Zoning: SFR

Welcoming Back Up Offers - Fabulous home in the popular Erie Commons is all you could ask for! This inviting home boasts 5 bedrooms, an office, and 4 baths. Fully finished basement and 3 car tandem garage. Solar system is owned and will be transferred to the new owner. Home has been freshly painted and is light and bright in every room. Main floor is spacious with gorgeous hardwood floors, inviting fireplace in the family room, and a private office/library with double french doors. Kitchen is perfectly sized with newly painted cabinets and granite countertops. All stainless steel kitchen appliances stay along with the refrigerator. Beautiful staircase guides you upstairs to 4 large bedrooms, spacious loft/bonus area and 2 full baths. Primary bedroom includes 5 piece bath and walk in closet. Basement is fully finished with a large family room, bedroom, full bath and still has room for storage. Backyard is situated with mature trees and gives you plenty of room to play! Electric Dog Fence is included. Hardware for Simply Safe security system is intact. Enjoy this gorgeous community with parks, rec center and community pool. Quick Close Possible.

Courtesy of Berkshire Hathaway HomeServices Colorado Real Estate, LLC - Northglenn Information is deemed reliable but not guaranteed.

Comparable Property Statistics

Sold Property Analysis

Averages

100.00%

Homes sold for an average of 100.00% of their list price.

Analysis

5 Days on market

It took an average of 5 days for a home to sell.

Summary of Comparable Properties

A ACTIVE LISTINGS

P PENDING LISTINGS

S SOLD LISTINGS

Cody Smetzer 7202023941

INTELLIGENT PRICING & TIMING

Pricing a home for sale is as much art as science, but there are a few truisms that never change.

Fair market value attracts buyers, overpricing never does. The first two weeks of marketing are crucial. The market never lies, but it can change its mind.

ASKING PRICE

PERCENTAGE OF BUYERS

Market Value

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparablesother similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it Most buyers shop by price range, and look for the best value in that range.

INTELLIGENT PRICING & TIMING

Your best chance of selling your home is in the first two weeks of marketing Your home is fresh and exciting to buyers and to their agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks.

If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition Since you can’t change the location, you’ll have to improve the home’s condition or lower the price

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage

The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value

Initial List Price

Analysis of the comparable properties suggests an initial list price range in order to attract a multiple offer situation in the first weekend of:

$650,000 - $700,000 $201 / sqft - $217 / sqft Comparable

The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.

Note from Cody:

The initial asking price to attract the most amount of buyers and offers on the first weekend to drive your closing price as high as possible should be between $650 to $700K