at Keller Williams Integrity
Condos/Townhomes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
This week the median list price for Denver, CO is $550,000 with the market action index hovering around 79. This is less than last month's market action index of 84. Inventory has increased to 412.
Real-Time Market Profile Median List Price
$550,000
Market Action Index
Median Price of New Listings
$462,500
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$447
Average Days on Market
40
Median Days on Market
14
Price Decreased
22%
Price Increased
2%
Relisted
3%
Inventory
412
Median Rent
$1,934
Market Action
79
inventory. 50
40
Buyer's Market
60
20
80
10
on
90
M
79
100
ay Tod th
Las t
0
Seller's Market
70
30
Strong Seller's Market The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Strong Seller's Market
Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price
Sq. Ft.
Lot Size
Beds
Bath
Age
New
Absorbed
DOM
$1,295,000
2,525
0 - 4,500 sqft
3
3
19
22
12
28
$675,000
1,450
0 - 4,500 sqft
2
2
22
34
18
14
$447,900
1,067
0 - 4,500 sqft
2
2
41
47
25
7
$300,000
855
0 - 4,500 sqft
2
1
51
39
31
7
Mon Jun 13 2022
2 of 6
Condos/Townhomes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Median List Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. $800K
$700K
$600K
$500K
$400K
$300K Jun 2019
Nov 2019
Mar 2020
Jul 2020
Nov 2020
7-Day Average
Mar 2021
Jul 2021
Nov 2021
Mar 2022
90-Day Average
Segments
Prices at the upper end of the market have been showing weakness. While there is enough demand in the low end (Quartiles 3 and 4) to keep prices flat, unless there is a persistent up-shift in the Market Action Index, the entire market may resume a down trend soon. $2.0M
$1.5M
$1.0M
$500K
$0 Jun 2019
Nov 2019
Mar 2020
Top 90-Day
Jul 2020
Nov 2020
Upper 90-Day
Mar 2021
Lower 90-Day
Mon Jun 13 2022
Jul 2021
Nov 2021
Mar 2022
Bottom 90-Day
3 of 6
Condos/Townhomes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Price Per Square Foot
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money. $550
$500
$450
$400
$350
$300 Jun 2019
Nov 2019
Mar 2020
Jul 2020
Nov 2020
7-Day Average
Mar 2021
Jul 2021
Nov 2021
Mar 2022
90-Day Average
Inventory
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. 2K
1K
1K
750
500
250
0 Jun 2019
Nov 2019
Mar 2020
Jul 2020
Nov 2020
7-Day Average
Mar 2021
Jul 2021
Nov 2021
Mar 2022
90-Day Average
Mon Jun 13 2022
4 of 6
Condos/Townhomes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Market Action Index
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 120
100
80
60
40
20 Jun 2019
Nov 2019
Mar 2020
Jul 2020
Nov 2020
7-Day Average
Mar 2021
Jul 2021
Nov 2021
Mar 2022
90-Day Average
Market Action Segments
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. 120
100
80
60
40
20 Jun 2019
Nov 2019
Mar 2020
Top 90-Day
Jul 2020
Nov 2020
Upper 90-Day
Mar 2021
Lower 90-Day
Mon Jun 13 2022
Jul 2021
Nov 2021
Mar 2022
Bottom 90-Day
5 of 6
Condos/Townhomes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 60 days. Half of the listings have come newly on the market in the past 14 or so days. Watch the 90-day DOM trend for signals of a changing market. 100
80
60
40
20
0 Jun 2019
Nov 2019
Mar 2020
Jul 2020
Nov 2020
7-Day Average
Mar 2021
Jul 2021
Nov 2021
Mar 2022
90-Day Average
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. 150
125
100
75
50
25
0 Jun 2019
Nov 2019
Mar 2020
Top 90-Day
Jul 2020
Nov 2020
Upper 90-Day
Mar 2021
Lower 90-Day
Mon Jun 13 2022
Jul 2021
Nov 2021
Mar 2022
Bottom 90-Day
6 of 6
1050 S Monaco Pkwy #141, Denver, CO 80224-1638, Denver County APN: 6174-02-141
Active Listing
CLIP: 3920482506
MLS Beds 4
MLS Full Baths 2
Half Baths 1
MLS List Price $440,000
MLS Sq Ft 2,206
Lot Sq Ft N/A
Yr Built 1974
Type CONDO
MLS List Date 06/11/2022
OWNER INFORMATION
Owner Name
Godart Michael
Mailing ZIP 4
1638
Mailing Address
1050 S Monaco Pkwy #141
Mailing Carrier Route
C050
Mailing City & State
Denver, CO
Owner Occupied
Yes
Mailing Zip
80224
LOCATION INFORMATION
Property Zip
80224
Census Tract
50.04
Property Zip4
1638
Topography
Flat/Level
Property Carrier Route
C050
Neighborhood Code
Virginia Vale-0628
School District
Denver County 1
Neighborhood Name (OnBoard)
Washington Virginia Vale
Elementary School
Mcmeen
Traffic
Graded
Middle School
Hill
Township
04S
High School
George Washington
Range
67W
Subdivision
One Thousand South Monaco Con do
Section
17
Zoning
R-2-A
Quarter
SE
PIN
6174-02-141
% Improved
90%
Schedule Number
0617402141141
Tax District
DENV
Legal Description
ONE THOUSAND SOUTH MONAC O CONDOS U-141
TAX INFORMATION
ASSESSMENT & TAX
Assessment Year
2021
2020
2019
Market Value - Land
$31,200
$31,200
$31,200
Market Value - Improved
$293,100
$290,500
$290,500
Market Value - Total
$324,300
$321,700
$321,700
Assessed Value - Land
$2,230
$2,230
$2,230
Assessed Value - Improved
$20,960
$20,770
$20,770
Assessed Value - Total
$23,190
$23,000
$23,000
YOY Assessed Change (%)
0.83%
0%
YOY Assessed Change ($)
$190
$0
Tax Year
Total Tax
Change ($)
Change (%)
2019
$1,659
2020
$1,706
$48
2.88%
2021
$1,730
$24
1.4%
CHARACTERISTICS
Land Use - County
Condo Dwelling/Units
Baths - Total
3
Land Use - CoreLogic
Condominium
MLS Total Baths
3
Style
Row House
Baths - Full
2
Year Built
1974
Baths - Half
1
Bldg Sq Ft - Above Ground
1,706
Stories
2
Bldg Sq Ft - Basement
360
Fireplace
Y
Bldg Sq Ft - Total
2,066
Fireplaces
1
Bldg Sq Ft - Finished
Tax: 1,706 MLS: 2,206
Cooling Type
Central
Bldg Sq Ft - 1st Floor
775
Heat Type
Warm Air
Bldg Sq Ft - 2nd Floor
931
Patio Type
Wood Deck
Basement Type
Partial
Garage Type
Parking Avail
# Buildings
1
Garage Capacity
2
Total Rooms
6
Exterior
Frame
Bedrooms
Tax: 3 MLS: 4
Quality
Average
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 06/13/22 Page 1/3
FEATURES
Feature Type
Size/Qty
Opn Prch-Frm
104
Wd Deck
80
SELL SCORE
Rating
Low
Sell Score
442
Value As Of
2022-06-12 05:08:13
ESTIMATED VALUE
RealAVM™
$394,900
Confidence Score
65
RealAVM™ Range
$359,359 - $430,441
Forecast Standard Deviation
9
Value As Of
06/08/2022
(1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal. (2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process. The confidence score range is 50 - 100. Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales. (3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation. The FSD can be used to create confidence that the true value has a statistical degree of certainty.
LISTING INFORMATION
MLS Listing Id
1583589
MLS Current Price
$440,000
MLS Days On Market
3
MLS Original List Price
$440,000
MLS Source
REcolorado
MLS Listing Contract Date
06/11/2022
MLS Status
Active
MLS List Office Name
COLORADO FOR SALE BY OWNE R SERVICES
MLS Status Change Date
06/11/2022
MLS List Agent Full Name
018284-Madelon Tibbett
Sale Date
08/12/2004
Deed Type
Warranty Deed
Sale Price
$190,000
Owner Name
Godart Michael
Price per SqFt - Finished
$111.37
Seller
Fowler April D
Document Number
173621
LAST MARKET SALE & SALES HISTORY
Sale Date
08/12/2004
01/19/2004
Sale Price
$190,000
$141,000
Nominal
08/28/2003
04/08/2003
10/11/1996
$151,151
$102,400
Y
Buyer
Godart Michael
Fowler April D
Household Finance Co rp
Household Finance Co rp
Doyle William J
Seller
Fowler April D
Household Finance Co rp
Public Trustee Of Denv er County
Public Trustee Of Denv er County
Kemp Kenneth A
Document Number
173621
44644
182930
71814
148827
Document Type
Warranty Deed
Special Warranty Deed
Public Trustees Deed
Public Trustees Deed
Personal Representativ e's Deed
Title Company
First American Heritag e Title
Title America
Sale Date
07/01/1976
Sale Price
$51,000
Nominal Buyer
Kemp Kenneth A
Seller Document Number
1296-210
Document Type
Deed (Reg)
Title Company MORTGAGE HISTORY
Mortgage Date
06/04/2020
08/23/2004
08/23/2004
02/14/2004
10/28/1996
Mortgage Amount
$144,500
$152,000
$38,000
$126,900
$81,000
Mortgage Lender
Home Pt Fin'l Corp
Mortgage Planning & L ending Sp
Mortgage Planning & L ending Sp
Countrywide Hm Lns Inc
Continental Mtg Grp Lc
Borrower
Godart Michael
Godart Michael
Godart Michael
Fowler April D
Doyle William J
Mortgage Type
Conventional
Conventional
Conventional
Conventional
Conventional
Mortgage Purpose
Refi
Resale
Resale
Resale
Resale
Fixed Rate Loan
Fixed Rate Loan
Mortgage Int Rate
5.375
Mortgage Int Rate Type
Adjustable Int Rate Loa n
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 06/13/22 Page 2/3
Mortgage Term
15
30
30
30
Mortgage Term
Years
Years
Years
Years
Title Company
Land Title Guarantee
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 06/13/22 Page 3/3
6/7/22, 11:59 AM
Matrix
Map of Property Locations
1050 S Monaco Parkway Unit #140, Denver, CO 80224 Listing Id: 7093496 Status: Closed 04/08/22 Price: $455,000 1 Subtype: CON Ttl SqFt: 2,066 Bd/Bth: 3/3 Show #: 303-573-7469
1050 S Monaco Parkway Unit #2, Denver, CO 80224 Listing Id: 3591169 Status: Closed 04/15/22 Price: $393,750 3 Subtype: CON Ttl SqFt: 1,706 Bd/Bth: 3/3 Show #: 303-573-7469 1050 S Monaco Parkway Unit #61, Listing Id: Status: Price: 5 Subtype: Ttl SqFt: Bd/Bth: Show #:
1050 S Monaco Parkway Unit #83, Listing Id: Status: Price: Subtype: 2 Ttl SqFt: Bd/Bth: Show #:
Denver, CO 80224 7543665 Closed 05/04/22 $435,000 CON 1,808 3/3 800-746-9464
1050 S Monaco Parkway Unit #46, Listing Id: Status: Price: Subtype: 4 Ttl SqFt: Bd/Bth: Show #:
Denver, CO 80224 7214824 Closed 05/24/22 $387,000 CON 1,873 3/3 303-573-7469
Denver, CO 80224 9034862 Closed 03/02/22 $350,000 CON 2,045 3/3 800-746-9464
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Full Property View - Client
1050 S Monaco Parkway Unit #141, Denver, CO 80224
----
$440,000 - Active
Listing Listing ID: 1583589 MLS Status: Active County: Denver List Price: $440,000 Property Type: Residential Original List Price: $440,000 Property Subtype: Condominium Structure Type: Townhouse Basement: Yes Levels: Two Year Built: 1974 Subdivision Name: One Thousand Monaco Listing Contract Date: 06/11/2022 Spec. Listing Cond: None Known Days in MLS: 2 Association: Y Multiple: N Cov/Rest: N Assoc Fee Tot Annl: $4,260.00 Tax Annual Amt: $1,730 Tax Year: 2021 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-141
Recent: 06/11/2022 : NEW
Interior Area & SqFt Building Area Total (SqFt Total): 2,206 Living Area (SqFt Finished): 2,206 Area Source: Public Records Above Grade Finished Area: 1,706 Below Grade Total Area: 500 Below Grade Finished Area: 500 Below Grade Unfinished Area: 0 PSF Total: $199 PSF Above Grade: $258 PSF Finished: $199 Basement: Partial Bsmnt Ceiling Ht: Foundation: Fireplace: 1/Gas, Living Room Heating: Forced Air Cooling: Central Air HVAC Description: Replaced July of 2019 Interior Features: Granite Counters, High Ceilings, Open Floorplan Security Features: Carbon Monoxide Detector(s), Smoke Flooring: Laminate Detector(s) Window Features: Window Coverings Spa Features: Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Self Cleaning Oven, Washer Exclusions: Sellers Personal Property
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
4 3 0 0 1
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
2 0 1 0
Detailed Room Info Room Type Living Room Kitchen Primary Bedroom Bedroom Bedroom Bedroom Primary Bathroom (Full) Bathroom (Full) Bathroom (1/2) Laundry
Rm Level Dimensions Description Main Large open space living and dining area with a gas fireplace. Main Spacious kitchen with plenty of granite tile countertops and cabinet space Upper Master bedroom has an en-suite bathroom with a large walk-in closet. Upper Upper Basement Finished Basement Upper Upper Main Main
Closet
Parking Parking Total: 2 Parking Type Garage (Attached)
# of Spaces 2
Garage Spaces: 2 Parking Length Parking Width
Offstreet Spaces: Parking Description
0
Association Information Association 1 Association 2 One Thousand South Monaco Homeowners Association Association Type: Professionally Managed Association Phone: 303-221-1117 Association Website: https://www.lcmpropertymanage Assoc Fee/Frequency: $4,260.00 Annually Assoc Fee Annual: $4,260.00 $0.00 Assoc Fee Tot Annl: $4,260.00 Association Name:
Association 3
$0.00
Assoc Fee Incl:
Maintenance Grounds, Maintenance Structure, Recycling, Road Maintenance, Sewer, Snow Removal, Trash, Water Assoc Amenities: Clubhouse, Pool Restriction Covenants: Pets Allowed: Cats OK, Dogs OK Senior Community: No
Site & Location Information Current Use:
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Matrix Paved/Public Road
Road Responsibility: Public Maintained Road Elementary School: McMeen / Denver 1 Middle/Junior Sch: Hill / Denver 1 High School: George Washington / Denver 1 School of Choice: Zoning: R-2-A View Walk, Bike, & Transit Scores
Bldg/Complex Name: Parcel Number: Is Incorporated: Walk Score:
6174-02-141 69
Building Information Architectural Style: Contemporary Entry Level/Loc: 1 Common Walls: Direction Faces: South View: Construction Materials: Vinyl Siding, Wood Siding Roof: Composition Exterior Features: Patio/Porch Feat: Patio Pool Features:
Private Yard
Water & Utilities Water Included:
Water Source:
Public
Sewer:
Community
Public Remarks This beautiful 3-story 4 bedroom 2.5 bath townhome is located in Denver, 15 minutes to DTC, and 20 minutes to downtown. Large open space living and dining area with a gas fireplace. Spacious kitchen with plenty of granite tile countertops and cabinet space. Master bedroom has an en-suite bathroom with a large walk-in closet. Laminate wood flooring throughout the main floor, and carpeting upstairs and in the bedrooms. Fenced in front patio area and a private back balcony off of the dining area. Large North facing floor to ceiling front windows and patio doors provides lots of natural light. Refrigerator, range, over-the-range microwave, dishwasher, washer and dryer included. Large extra storage room, and 2 car garage with additional street parking available. Well maintained, quiet complex with community swimming pool, and clubhouse. With-in walking distance to wonderful Elementary, Middle and High schools. Lots of parks in the area with tennis courts and basketball courts, bike and walking trails. Close to grocery stores, gyms, shopping, library, urgent care, recreation center (free youth programs), and lots of dining and recreational options. New Professional photos coming soon!
All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:35 AM
Photos
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1050 S Monaco Parkway Unit #61, Denver, CO 80224
$350,000 - Closed
----
Listing Listing ID:
9034862
MLS Status: Close Price: List Price: Original List Price:
Closed $350,000 $350,000 $390,000
County: Denver Property Type: Residential Property Subtype: Condominium Structure Type: Townhouse Basement: Yes Levels: Two Year Built: 1973 Subdivision Name: One Thousand Monaco Listing Contract Date: 09/17/2021 Spec. Listing Cond: None Known Purchase Contract Date: 02/17/2022 Contingency: None Known Close Date: 03/02/2022 Days in MLS: 6 Association: Y Multiple: N Cov/Rest: N Assoc Fee Tot Annl: $4,080.00 Tax Annual Amt: $1,612 Tax Year: 2020 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-61
Interior Area & SqFt Building Area Total (SqFt Total): 2,045 Living Area (SqFt Finished): 1,706 Area Source: Public Records Above Grade Finished Area: 1,706 Below Grade Total Area: 339 Below Grade Finished Area: 0 Below Grade Unfinished Area: 339 PSF Total: $171 PSF Above Grade: $205 PSF Finished: $205 Basement: Partial Bsmnt Ceiling Ht: Foundation: Fireplace: 2/Bedroom, Family Room, Wood Burning Heating: Forced Air Cooling: Central Air HVAC Description: Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Tile Counters, Vaulted Ceiling(s) Security Features: Carbon Monoxide Detector(s), Secured Flooring: Laminate, Linoleum Garage/Parking Double Pane Windows, Window Window Features: Spa Features: Coverings, Window Treatments Appliances: Cooktop Other Equipment: Air Purifier Laundry: In Unit Furnished: Unfurnished Exclusions: Sellers Personal Property.
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
3 3 0 0 0
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
2 0 1 0
Detailed Room Info Room Type Great Room Bathroom (1/2) Kitchen Laundry Bathroom (Full) Bedroom Primary Bedroom Primary Bathroom (Full) Bedroom Bonus Room Utility Room Bonus Room
Rm Level Main Main Main Main Upper Upper Upper Upper Upper Basement Basement Basement
Dimensions Description 38 x 12 8x4 12 x 11 Partially finished Located off of Kitchen 8x5 11 x 10 Loft Style Bedroom 12 x 15 Under Contruction 10 x 5
Under Construction
12 x 15 12 x 4 10 x 7
Parking Parking Total: 2 Parking Type # of Spaces Garage (Attached) 2 Parking Features: Dry Walled
Garage Spaces: 2 Parking Length Parking Width
Offstreet Spaces: Parking Description
0
Association Information Association Name: Association Type: Association Phone: Association Website: Assoc Fee/Frequency: Assoc Fee Annual: Assoc Fee Tot Annl:
Association 1 Association 2 LCM Property Management Professionally Managed 303-221-1117 https://www.lcmpropertymanage $340.00 Monthly $4,080.00 $0.00 $4,080.00
Association 3
$0.00
Assoc Fee Incl:
Maintenance Grounds, Maintenance Structure, Recycling, Road Maintenance, Sewer, Snow Removal, Trash, Water Assoc Amenities: Parking, Pool Restriction Covenants: Pets Allowed: Cats OK, Dogs OK Senior Community: No
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Site & Location Information Lot Size: Current Use: Lot Features: Road Surf/Front:
0.11 Acres / 4,850 SqFt
Fencing:
Near Public Transit Paved/Shared
Road Responsibility: Elementary School: McMeen / Denver 1 Middle/Junior Sch: Hill / Denver 1 High School: George Washington / Denver 1 School of Choice: Zoning: R-2-A View Walk, Bike, & Transit Scores Distance To Light Rail:
Bldg/Complex Name: Parcel Number: Is Incorporated: Walk Score: Distance To Bus:
None
6174-02-061 81 1 Miles
Building Information Architectural Style: Loft Entry Level/Loc: 1/Ground
Common Walls:
Construction Materials: Wood Siding Roof: Unknown Property Condition: Fixer Patio/Porch Feat: Deck, Front Porch
End Unit, 1 Common Wall
Exterior Features: Builder Name: Pool Features:
Balcony Outdoor Pool
Builder Model:
Water & Utilities Water Included: Utilities:
Water Source: Public Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Phone Available
Sewer: Electric:
Public Sewer 110V, 220 Volts
Public Remarks WASHINGTON VIRGINIA VALE!!! Don't miss out on your opportunity to build some amazing equity in the ever-so-popular Washington Virginia Vale neighborhood. Centrally located minutes from Cherry Creek Shopping Center and Downtown Denver. Easy access to I-25. CALLING INVESTORS!!! This townhome is in need of some TLC but with the right buyer, the equity opportunity is amazing. These condos do not come by often, so jump on this while you can. This end-unit townhouse is flooded with natural light flowing throw the large windows throughout. The open floor plan is super inviting and perfect for entertaining. There is ample storage throughout this 3 bedroom 2 and half bath home. The partially finished basement offers additional storage if needed, and the spacious two-car attached garage is convenient for parking, especially in the winter months. The townhome has 2 balconies that are perfect for relaxing and soaking in some sun, along with 2 wood-burning fireplaces that are perfect for the winter nights. All information deemed reliable, but not guaranteed. Buyer and Buyer's Agent to verify all information. All measurements are approximate.
All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:35 AM
Photos
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1050 S Monaco Parkway Unit #46, Denver, CO 80224
$387,000 - Closed
----
Listing Listing ID:
7214824
MLS Status: Close Price: List Price: Original List Price:
Closed $387,000 $385,000 $410,000
County: Denver Property Type: Residential Property Subtype: Condominium Structure Type: Low Rise (1-3) Basement: Yes Levels: Two Year Built: 1974 Subdivision Name: One Thousand Monaco Listing Contract Date: 04/23/2022 Spec. Listing Cond: None Known Purchase Contract Date: 05/06/2022 Contingency: None Known Close Date: 05/24/2022 Days in MLS: 13 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $4,260.00 Tax Annual Amt: $1,158 Tax Year: 2021 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-46
Interior Area & SqFt Building Area Total (SqFt Total): 1,873 Living Area (SqFt Finished): 1,873 Area Source: Public Records Above Grade Finished Area: 1,573 Below Grade Total Area: 300 Below Grade Finished Area: 300 Below Grade Unfinished Area: 0 PSF Total: $207 PSF Above Grade: $246 PSF Finished: $207 Basement: Partial Bsmnt Ceiling Ht: Foundation: Fireplace: 1/Living Room, Wood Burning Heating: Forced Air, Natural Gas Cooling: Central Air HVAC Description: Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, Open Floorplan, Walk-In Closet(s) Security Features: Flooring: Carpet, Laminate, Tile Window Features: Window Coverings Spa Features: Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range Hood, Refrigerator, Self Cleaning Oven, Washer Other Equipment: Laundry: In Unit Exclusions: None
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
3 3 0 0 0
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
2 0 1 0
Detailed Room Info Room Type Living Room Kitchen Dining Room Bathroom (1/2) Bedroom Bedroom Bedroom Bathroom (Full) Bathroom (Full)
Rm Level Main Main Main Main Upper Upper Upper Upper Upper
Dimensions Description Woodburning fireplace, laminate floors, entry to 1st private patio Eat-in kitchen, granite counters, laminate floors, entry to 2nd private patio Formal Dining Newer vanity, laminate floors Master bedroom 2nd bedroom 3rd bedroom Ceramic tile Ceramic tile
Parking Parking Total: 2 Parking Type Garage (Attached)
# of Spaces 2
Garage Spaces: 2 Parking Length Parking Width
Offstreet Spaces: Parking Description Spaces 5 & 6
0
Association Information Association Name: Association Type: Association Phone: Association Website: Assoc Fee/Frequency: Assoc Fee Annual: Assoc Fee Tot Annl:
Association 1 LCM Property Management Professionally Managed 303-221-1117 $355.00 Monthly $4,260.00 $4,260.00
Association 2
Association 3
$0.00
$0.00
Assoc Fee Incl: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Assoc Amenities: Clubhouse, Fitness Center, Parking, Pool Restriction Covenants: Other Pets Allowed: Cats OK, Dogs OK Senior Community: No
Site & Location Information Current Use: Road Surf/Front:
Paved
Bldg/Complex Name: Parcel Number: Is Incorporated:
6174-02-046
Road Responsibility: Elementary School: Middle/Junior Sch: High School: School of Choice: Zoning:
McMeen / Denver 1 Hill / Denver 1 George Washington / Denver 1 R-2-A
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6/20
6/13/22, 10:59 AM Walk Score:
Matrix 68
View Walk, Bike, & Transit Scores
Building Information Architectural Style: Entry Level/Loc: Common Walls: Construction Materials: Frame, Vinyl Siding Roof: Composition Exterior Features: Property Condition: Updated/Remodeled Builder Name: Patio/Porch Feat: Front Porch, Patio Pool Features:
No One Above Builder Model:
Water & Utilities Water Included:
Water Source:
Public
Sewer:
Public Sewer
Public Remarks Townhome style condo Conveniently located in Central Denver close to Cherry Creek Shopping Center and Downtown Denver. Nicely updated 3 bedrooms/3 baths unit with two patios, spacious front porch and a lot of storage spaces. Large living room with woodburning fireplace and entry to the large patio. Eat-in kitchen with white cabinets, granite counters and newly installed water resistance laminate floors with an entry to the second large patio. Upstairs contains master bedroom with master bath, walk-in closet and 2 more bedrooms with a full bath. Garage entry and the laundry room located in the basement. Easy access to I-25, shopping, restaurants, schools, public transportation. This is a GREAT home in a fantastic location!
Directions Monaco Parkway and Mississippi Ave, park on Mississippi Ave. and you'll see signage for the unit numbers. All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:35 AM
Photos
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7/20
6/13/22, 10:59 AM
Matrix
1050 S Monaco Parkway Unit #2, Denver, CO 80224
$393,750 - Closed
----
Listing Listing ID:
3591169
MLS Status: Close Price: List Price: Original List Price:
Closed $393,750 $375,000 $375,000
County: Denver Property Type: Residential Property Subtype: Condominium Structure Type: Townhouse Basement: No Levels: Two Year Built: 1973 Subdivision Name: ONE THOUSAND SOUTH MONACO CONDOS Listing Contract Date: 03/03/2022 Spec. Listing Cond: None Known Purchase Contract Date: 03/07/2022 Contingency: None Known Close Date: 04/15/2022 Days in MLS: 4 Association: Y Multiple: N Cov/Rest: N Assoc Fee Tot Annl: $4,080.00 Tax Annual Amt: $1,120 Tax Year: 2020 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-2
Interior Area & SqFt Building Area Total (SqFt Total): 1,706 Living Area (SqFt Finished): 1,706 Area Source: Above Grade Finished Area: 1,706 PSF Total: $231 PSF Above Grade: $231 PSF Finished: Basement: Full Bsmnt Ceiling Ht: Foundation: Fireplace: 1 Heating: Forced Air Cooling: Central Air HVAC Description: Interior Features: Eat-in Kitchen, Entrance Foyer, Open Floorplan, Vaulted Ceiling(s) Security Features: Flooring: Carpet, Tile Appliances: Dishwasher, Microwave, Range, Refrigerator Other Equipment: Laundry: In Unit Exclusions: personal property
Public Records $231
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
3 3 0 0 0
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
1 1 1 0
Detailed Room Info Room Type Living Room Dining Room Kitchen Bathroom (1/2) Laundry Primary Bedroom Bathroom (3/4) Bedroom Bedroom Bathroom (Full)
Rm Level
Dimensions Description
Main Main Main Upper Upper Upper Upper Upper
Parking Parking Total: 2 Parking Type Garage (Attached)
# of Spaces 2
Garage Spaces: 2 Parking Length Parking Width
Offstreet Spaces: Parking Description
0
Association Information Association Name: Association Type: Association Phone: Association Website: Assoc Fee/Frequency: Assoc Fee Annual: Assoc Fee Tot Annl:
Association 1 LCM Property Mgmt Professionally Managed 303-221-1117 $340.00 Monthly $4,080.00 $4,080.00
Association 2
Association 3
$0.00
$0.00
Assoc Fee Incl: Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Restriction Covenants: Pets Allowed: Senior Community:
No
Site & Location Information Current Use: Bldg/Complex Name: One Thousand South Monaco Condos Parcel Number: Is Incorporated: Walk Score:
6174-02-002 81
Elementary School: McMeen / Denver 1 Middle/Junior Sch: Hill / Denver 1 High School: George Washington / Denver 1 School of Choice: Zoning: R-2-A View Walk, Bike, & Transit Scores
Building Information https://matrix.recolorado.com/Matrix/Printing/PrintOptions.aspx?c=AAEAAAD*****AQAAAAAAAAARAQAAAEQAAAAGAgAAAAQ5MTIxBgMAAAABO…
9/20
6/13/22, 10:59 AM
Matrix
Architectural Style: Mid-Century Modern Entry Level/Loc: Exterior Access Construction Materials: Frame Roof: Composition Property Condition: Fixer Patio/Porch Feat: Front Porch
Common Walls:
1 Common Wall
Exterior Features: Builder Name: Pool Features:
Builder Model:
Water & Utilities Water Included:
Water Source:
Sewer:
Public Sewer
Public Remarks Wonderful Modern corner unit townhome in SE Denver! Priced to sell with room to update and make all yours! Centrally located between downtown & DTC, close to Cherry Creek, Lowry & Highline Canal Trail. Open living room w/ adjoining dining & access to the private patio. A second balcony off of kitchen/dining space for grilling and enjoying dinner or coffee at breakfast! Two-story ceilings & wood-burning fireplace appoint this welcoming space. Large windows flood the room w/ natural light. Ample cabinet space & all appliances remain. On the upper level is the master bed w/ private bath & walk-in closet. Perfect for another guest suite the 2nd bed and 3rd bed have a full bath to share . In the basement you will see additional space for the buyer to finish out and make all their own. Also nice to have an attached 2 car garage right out the basement. Close to several parks, a multitude of dining options & ideally located w/in the community, close to the pool & clubhouse!
All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:36 AM
Photos
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10/20
6/13/22, 10:59 AM
Matrix
1050 S Monaco Parkway Unit #83, Denver, CO 80224
$435,000 - Closed
----
Listing Listing ID:
7543665
MLS Status: Close Price: List Price: Original List Price:
Closed $435,000 $385,000 $385,000
County: Denver Property Type: Residential Property Subtype: Condominium Structure Type: Townhouse Basement: Yes Levels: Two Year Built: 1974 Subdivision Name: One Thousand Monaco Listing Contract Date: 04/01/2022 Spec. Listing Cond: None Known Purchase Contract Date: 04/04/2022 Contingency: None Known Close Date: 05/04/2022 Days in MLS: 3 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $4,080.00 Tax Annual Amt: $1,577 Tax Year: 2021 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-83
Interior Area & SqFt Building Area Total (SqFt Total): 1,808 Living Area (SqFt Finished): 1,750 Area Source: Above Grade Finished Area: 1,408 Below Grade Total Area: 400 Below Grade Finished Area: 342 Below Grade Unfinished Area: 58 PSF Total: $241 PSF Above Grade: $309 PSF Finished: $249 Basement: Finished, Partial Bsmnt Ceiling Ht: Foundation: Fireplace: Electric Heating: Forced Air, Natural Gas Cooling: Central Air HVAC Description: Interior Features: Eat-in Kitchen, Entrance Foyer Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer Exclusions: All personal property
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
3 2 0 0 1
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
1 1 1 0
Detailed Room Info Room Type Living Room Kitchen Dining Room Bathroom (1/2) Bedroom Bedroom Bathroom (3/4) Bathroom (Full) Bedroom
Rm Level Dimensions Description Main Large living with gas fireplace Main Bright and airy with eating space with a patio area Main Main Upper Huge master bedroom with master bathroom and walk-in closet Upper nice second bedroom for office or nursery Upper Updated with new vanity and flooring Upper Basement This is a non-conforming bedroom
Parking Parking Total: Parking Type Covered Parking Parking Features:
2
# of Spaces 2 Underground
Garage Spaces: 0 Parking Length Parking Width
Offstreet Spaces: Parking Description Under Ground
2
Association Information Association 1 LCM Property Management Professionally Managed 303-221-1117
Association Name: Association Type: Association Phone: Association Website: Assoc Fee/Frequency: $340.00 Monthly Assoc Fee Annual: $4,080.00 Assoc Fee Tot Annl: $4,080.00 Restriction Covenants: Other
Association 2
Association 3
$0.00
$0.00
Pets Allowed:
Cats OK, Dogs OK
Senior Community:
No
Site & Location Information Current Use:
Elementary School: McMeen / Denver 1 Middle/Junior Sch: Hill / Denver 1 High School: George Washington / Denver 1 School of Choice: Zoning: R-2-A View Walk, Bike, & Transit Scores
Bldg/Complex Name: Parcel Number: Is Incorporated: Walk Score:
6174-02-083 81
Building Information Architectural Style: Entry Level/Loc:
Common Walls:
End Unit, 1 Common Wall
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13/20
6/13/22, 10:59 AM
Matrix
Construction Materials: Frame Roof: Composition Patio/Porch Feat: Front Porch, Patio
Exterior Features: Pool Features:
Indoor
Water & Utilities Water Included: Utilities:
Water Source: Public Sewer: Cable Available, Electricity Available, Natural Gas Available, Electric: Phone Available
Public Sewer
Public Remarks This is an amazing unit with two patios, and an inviting front porch. This end unit is bright, cheery and full of natural light. You immediately Walk into a functional foyer with large closet for coats and shoes, large living room with a gas fireplace, formal dining area, kitchen, eat-in space with beautiful wood flooring, and an updated powder room. The upper level offers a huge master bedroom with an En suite bath and walk-in closet. There is a second bedroom and an updated main bathroom. The basement has a bonus space that could be a non-conforming bedroom, office or man cave, storage, and the entrance to the underground parking. The complex is close to shopping, restaurants, schools, public transportation and more. Don't miss this one. Lives big, great layout, fresh paint and ready for its new owners.
Directions Monaco and Tennesse, park on the street and you'll see signage for the unit numbers. All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:36 AM
Photos
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14/20
6/13/22, 10:59 AM
Matrix
1050 S Monaco Parkway Unit #140, Denver, CO 80224
----
$455,000 - Closed
Listing Listing ID:
7093496
MLS Status: Close Price: Base Price: Original List Price:
Closed $455,000 $449,000 $449,000
County: Denver Property Type: Residential Property Subtype: Condominium Structure Type: Low Rise (1-3) Basement: Yes Levels: Two Year Built: 1974 Subdivision Name: One Thousand Monaco Listing Contract Date: 03/10/2022 Spec. Listing Cond: None Known Purchase Contract Date: 03/14/2022 Contingency: None Known Close Date: 04/08/2022 Days in MLS: 4 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $4,080.00 Tax Annual Amt: $1,706 Tax Year: 2020 Tax Legal Desc: ONE THOUSAND SOUTH MONACO CONDOS U-140
Interior Area & SqFt Building Area Total (SqFt Total): 2,066 Living Area (SqFt Finished): 2,000 Area Source: Public Records Above Grade Finished Area: 1,706 Below Grade Total Area: 360 Below Grade Finished Area: 294 Below Grade Unfinished Area: 66 PSF Total: $220 PSF Above Grade: $267 PSF Finished: $228 Basement: Partial, Walk-Out Access Bsmnt Ceiling Ht: Foundation: Fireplace: 1/Living Room, Wood Burning Heating: Forced Air Cooling: Central Air HVAC Description: Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Quartz Counters, Smoke Free, Vaulted Ceiling(s), WalkIn Closet(s) Security Features: Smoke Detector(s) Flooring: Carpet, Laminate, Tile Window Features: Window Coverings Spa Features: Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer Other Equipment: Laundry: In Unit Furnished: Unfurnished Exclusions: Sellers Personal property
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
3 3 0 0 0
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
3 2 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
1 1 1 0
Detailed Room Info Room Type Living Room Dining Room Kitchen Bathroom (1/2) Primary Bedroom Primary Bathroom (Full) Bedroom Bedroom Bonus Room Utility Room Bathroom (3/4) Laundry
Rm Level Main Main Main Main Upper
Dimensions Description New paint, new laminate floor, new patio door New paint, new tile floor, new balcony door New kitchen, new appliances, new tile floor. New vanity, new paint new tile floor New carpet, new paint, walk in closet
Upper
New tile, new vanity, new lights, new bath, new toilet
Upper Upper Basement Basement Upper Main
New paint, new carpet New paint, new carpet New paint, new carpet
New washer and dryer
Parking Parking Total: 2 Parking Type Garage (Attached)
# of Spaces 2
Garage Spaces: 2 Parking Length Parking Width
Offstreet Spaces: Parking Description
0
Association Information Association Name: Association Type: Association Phone: Association Website: Assoc Fee/Frequency: Assoc Fee Annual: Assoc Fee Tot Annl:
Association 1 LCM Property Mgmt Professionally Managed 303-221-1117 $340.00 Monthly $4,080.00 $4,080.00
Association 2
Association 3
$0.00
$0.00
Assoc Fee Incl: Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Restriction Covenants: Other Pets Allowed: Senior Community:
No
Site & Location Information Lot Size: Current Use:
0.00 Acres / 185 SqFt
Fencing:
Full
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16/20
6/13/22, 10:59 AM
Matrix
Lot Features:
Near Public Transit
Elementary School: McMeen / Denver 1 Middle/Junior Sch: Hill / Denver 1 High School: George Washington / Denver 1 School of Choice: Zoning: R-2-A View Walk, Bike, & Transit Scores
Bldg/Complex Name: Parcel Number: Is Incorporated: Walk Score:
6174-02-140 81
Building Information Architectural Style: Mid-Century Modern Entry Level/Loc: Exterior Access
Common Walls:
Construction Materials: Frame Roof: Composition Property Condition: Updated/Remodeled Patio/Porch Feat: Front Porch
No One Above, No One Below
Exterior Features: Builder Name: Pool Features:
Balcony
Builder Model:
Water & Utilities Water Included: Utilities:
Water Source: Public Cable Available, Electricity Connected, Internet Access (Wired), Phone Available
Sewer: Electric:
Community
Public Remarks Wonderful convenient location on this 3 bedrooms/3 bathrooms townhome style condo. The cozy living room features a wood burning fire place. The kitchen is fresh and bright open concept that has an eat at island, new appliances, and is adjacent to dining area and balcony. Bottom floor has 2 car garage, bonus room, and extra storage space. New laminate floor, new tile, new carpet, new kitchen cabinets, new paint. Close to Cherry creek and down town.
All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 06/13/2022 10:57:36 AM
Photos
1050 S Monaco Pkwy #140 Denver, CO 80224
Main entrance. New tile floor New paint
Living room. Main Level. New paint, new laminate floor, new patio door
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17/20
6/13/22, 10:59 AM
Matrix
Living room. Main level. New paint, new laminate floor.
Living room. New Laminate, new paint.
Dining area. New paint, new tile floor.
Dining area. New paint, new tile floor, new balcony door.
Kitchen. New countertop, new cabinets, new appliances, new paint, new tile floor.
Kitchen. New countertop, new cabinets, new appliances, new paint, new tile floor.
https://matrix.recolorado.com/Matrix/Printing/PrintOptions.aspx?c=AAEAAAD*****AQAAAAAAAAARAQAAAEQAAAAGAgAAAAQ5MTIxBgMAAAAB…
18/20
This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/13/2022 to 12/15/2021 Latitude, Longitude is within 0.25 mi of 1050 S Monaco Pkwy UNIT 141, Denver, CO 80224, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'
Listings as of 6/13/2022 at 9:54 am, Page 1 of 2
Market Analysis Summary | Residential Listing ID Address
City
Bds
Bths
Abv
List
PSF Abv
PSF Ttl
$258
$199
Ttl
Fin
1,706
2,206
2,206 06/11/22
Min
1,706
2,206
2,206
$258
$199
Max
1,706
2,206
2,206
$258
Avg
1,706
2,206
2,206
Med
1,706
2,206
2,206
PSF Fin
DIM
Orig Price
List Price Close Price CP/OLP
Listings: Active 1583589 1050 S Monaco PKWY #141
Denver
Active Total: 1
4
3
$199
2
440,000
$440,000
$199
2
$440,000
$440,000
$199
$199
2
$440,000
$440,000
$258
$199
$199
2
$440,000
$440,000
$258
$199
$199
2
$440,000
$440,000
Listings: Closed 9034862 1050 S Monaco PKWY #61
Denver
3
3
1,706
2,045
1,706 03/02/22
$205
$171
$205
6
390,000
$350,000 $350,000
90%
7214824 1050 S Monaco PKWY #46
Denver
3
3
1,573
1,873
1,873 05/24/22
$246
$207
$207
13
410,000
$385,000 $387,000
94%
3591169 1050 S Monaco PKWY #2
Denver
3
3
1,706
1,706
1,706 04/15/22
$231
$231
$231
4
375,000
$375,000 $393,750
105%
7543665 1050 S Monaco PKWY #83
Denver
3
3
1,408
1,808
1,750 05/04/22
$309
$241
$249
3
385,000
$385,000 $435,000
113%
7093496 1050 S Monaco PKWY #140
Denver
3
3
1,706
2,066
2,000 04/08/22
$267
$220
$228
4
449,000
$449,000 $455,000
101%
Min
1,408
1,706
1,706
$205
$171
$205
3
$375,000
$350,000
$350,000
90%
Max
1,706
2,066
2,000
$309
$241
$249
13
$449,000
$449,000
$455,000
113%
Avg
1,620
1,900
1,807
$252
$214
$224
6
$401,800
$388,800
$404,150
101%
Med
1,706
1,873
1,750
$246
$220
$228
4
$390,000
$385,000
$393,750
101%
Closed Total: 5
Presented By: Clint Moll All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
6
Total Listings
Average for all:
1,634
1,951
1,874
$253
$211
5
$408,167
$397,333
$404,150
Median for all:
1,706
1,959
1,812
$252
$213
4
$400,000
$385,000
$393,750
Min
Quick Statistics
Max
Avg
Med
List Price
$350,000
$449,000
$397,333
$385,000
Sale Price
$350,000
$455,000
$404,150
$393,750
Sale / List
90%
113%
101%
101%
Presented By: Clint Moll All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
ACTIVITY
at Keller Williams Integrity
1
2
3
4
5
6
TIME ON MARKET (IN WEEKS)
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.
at Keller Williams Integrity
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
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
90%
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 comparables - other 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.
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