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MarComparativeketAnalysis 157 Hidden Lake Drive, Severance, Colorado 80615 Ismail Sadykhov SEPTEMBER 1, 2022 Mark Lovett
Presented By: Mark Lovett
All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
Pending Total: 3 Listings: Closed 207 Silo CT $650,8203 3,765 $650,820 105%08/05/222Severance 2,0102,010 621,670$324 $324IR964143 1 403 Harrow ST $485,0003 3,068 $480,000 99%08/15/223Severance 1,7431,743 485,000$275 $275IR970073 9 311 Jay AVE $460,0003 2,923 $159 $465,000 101%03/08/222Severance 1,6551,655 460,000$281 $2814976354 3 102%3,252 $531,940 $531,940$1591,803 $2931,803 $522,223$293 4MedMaxAvgMin 1,7432,0101,655 3,0683,7652,923 1,7432,0101,655 $281$324$275 $159$159$159 $281$324$275 391 $621,670$460,000$485,000 $485,000$650,820$460,000 101%105%99%$480,000$650,820$465,000Closed Total: 3
Listings: Pending 349 Central AVE $597,9154 3,700 04/15/223Severance 2,1301,850 597,915$323 $281IR963035 140 343 Central AVE $592,8704 3,700 04/13/223Severance 2,7901,850 543,700$320 $213IR962913 141 411 Harrow ST $550,0004 2,884 08/23/223Severance 2,6361,636 550,000$336 $209IR973746 13 3,428 $580,2622,519 $2341,779 $563,872$327 98MedMaxAvgMin 1,8501,8501,636 3,7003,7002,884 2,6362,7902,130 $323$336$320 $213$281$209 14014113 $597,915$543,700$550,000 $592,870$597,915$550,000
Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 09/01/2022 to 03/05/2022 Property Sub Type is 'Single Family Residence' Latitude, Longitude is within 0.50 mi of 157 Hidden Lake Dr, Eaton, CO 80615, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Listings as of 9/1/2022 at 11:07 am, Page 1 of 2Market Analysis Summary | Residential Listing ID CityAddress Bds Bths Ttl Fin Close PricePSF Fin List PriceOrig Price CP/OLPPSF TtlPending DIMPSF AbvAbv
Median for all: Average for all:ListingsTotal6 1,797 $556,101$543,04851 3,384 2,070 $322 $546,850 $571,435$159$1591,791 $3102,1613,340 11 $480,000$531,940 MedAvgMaxMin Sale Price List Price StatisticsQuick Sale / List $556,101 $571,435$460,000 $650,820 99% 105% 101%102% $465,000 $650,820 $531,940 $480,000 Presented By: Mark Lovett All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
Map of Comparable Listings STATUS: P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 157 Hidden Lake Dr 4 3.00 3,178 2 IR963035 P 349 Central Avenue 4 3.00 2,130 $597,915 3 IR962913 P 343 Central Avenue 4 3.00 2,790 $592,870 4 IR973746 P 411 Harrow Street 4 3.00 2,636 $550,000 5 IR964143 S 207 Silo Court 3 2 00 2,010 $650,820 6 IR970073 S 403 Harrow Street 3 3.00 1,743 $480,000 7 4976354 S 311 Jay Avenue 3 2.00 1,655 $465,000 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 4
Online Valuation Analysis How accurate are Zestimates? 14.2% $68,000 Zestimates varied up to 14.2% or $68,000 compared to actual MLS prices. P ADDRESS PRICE ZESTIMATE DIFFERENCE 349 Central Avenue $597,915 343 Central Avenue $592,870 411 Harrow Street $550,000 $550,000 0 0% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 207 Silo Court 8/5/22 $650,820 $655,500 0.7% 403 Harrow Street 8/15/22 $480,000 $548,000 14 2% 311 Jay Avenue 3/8/22 $465,000 Source: Zillow 3 Pending 3 Sold Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 5
349 Central Avenue Severance, CO 80550 MLS #IR963035 $597,915 4 Beds 3.00 Baths 2,130 Sq. Ft. ($281 / sqft) PENDING 4/15/22 Year Built 2022 Days on market: 141 Details Prop Type: Single Family Residence County: Weld Subdivision: Tailholt Style: Contemporary Full baths: 2 0 3/4 Baths: 1.0 Lot Size (sqft): 9,121 Garages: 4 List date: 4/14/22 Pending date: 4/15/22 Off-market date: 4/15/22 Updated: Sep 1, 2022 6:45 AM List Price: $597,915 Orig list price: $597,915 Assoc Fee: $500 School District: Windsor RE 4 High: Severance Middle: Severance Elementary: Grand View Features Appliances: Dishwasher, Disposal, Double Oven, Microwave, Oven Association Fee Frequency: Annually Association Fee Includes: Capital Reserves Association Name: Tailholt HOA Association Yn: true Basement: Full Below Grade Unfinished Area: 1570 0 Builder Model: Bluebell 4228 Building Area Source: Plans Construction Materials: Wood Frame Cooling: Ceiling Fan(s), Central Air Fencing: Partial Flooring: Vinyl Heating: Forced Air Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional Living Area Total: 2130 Main Level Bathrooms: 2 Main Level Bedrooms: 3 Other Equipment: Satellite Dish Parking Features: Oversized, Oversized Door, Tandem Parking Total: 4 Patio And Porch: Deck Possible Use: Residential Property Condition: Under Construction Road Frontage Type: Public Road Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 6
Mark
Comparative
Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 10 BLOCK 3
Cell: 3038680312 7
TAILHOLT 2ND FILING Tax Year: 2022 Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Zoning: RES Remarks Under Contract. The Bluebell is a 3,700 SF Ranch with a Front Porch. The gourmet Kitchen has Dbl Ovens, a fantastic Center Island & lg Pantry. Add the optional 12x14 Office off the Kitchen. Master BR has 3/4 BA or choose the soaking tub option. The covered grilling Patio w/gas line & the insulated, finished 4 Car Garage are amazing! Generous finish allowances will let you design an incredible home. More 1/4 AC lots & many floor plans to choose from. Customize to perfectly fit your needs & style. Bluestone is known for quality of build, willingness to customize & amazing Garages. A seamless construction process makes building fun & easy. The $5k refundable deposit lets you reserve your lot while working through the design process & choosing your finishes. Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Lovett
349 Central Avenue Severance, CO 80550 MLS #IR963035 $597,915 4 Beds 3.00 Baths 2,130 Sq. Ft. ($281 / sqft) PENDING 4/15/22 Year Built 2022 Days on market: 141 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 8
343 Central Avenue Severance, CO 80550 MLS #IR962913 $592,870 4 Beds 3.00 Baths 2,790 Sq. Ft. ($212 / sqft) PENDING 4/13/22 Year Built 2022 Days on market: 142 Details Prop Type: Single Family Residence County: Weld Subdivision: Tailholt Style: Contemporary Full baths: 2 0 3/4 Baths: 1.0 Lot Size (sqft): 9,001 Garages: 3 List date: 4/13/22 Pending date: 4/13/22 Off-market date: 4/13/22 Updated: Sep 1, 2022 6:45 AM List Price: $592,870 Orig list price: $543,700 Assoc Fee: $500 School District: Windsor RE 4 High: Severance Middle: Severance Elementary: Grand View Features Appliances: Dishwasher, Disposal, Double Oven, Microwave, Oven, Self Cleaning Oven Association Fee Frequency: Annually Association Fee Includes: Capital Reserves Association Name: Tailholt HOA Association Yn: true Basement: Full Below Grade Unfinished Area: 910 0 Builder Model: Gunnison II #4225 Building Area Source: Plans Cooling: Ceiling Fan(s), Central Air Fencing: Partial Fireplace Features: Gas, Great Room Flooring: Vinyl Heating: Forced Air Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional Living Area Total: 2790 Lot Features: Level Main Level Bathrooms: 2 Main Level Bedrooms: 3 Other Equipment: Satellite Dish Parking Features: Oversized Parking Total: 3 Patio And Porch: Deck Possible Use: Residential Property Condition: Under Construction Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 9
Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Zoning: Res
2ND FILING Tax Year: 2022
Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 13 BLOCK 3 TAILHOLT
Remarks Under Contract. This Gunnison II is a 3-BR Ranch that is bright and airy with a gourmet Kitchen offering dbl ovens, gas cooktop, large island, spacious pantry. You will love the vaulted Great Rm w/fireplace & the fabulous covered grilling Deck. Master BR is a luxury retreat & the unique tile throughout will impress. Basement has a Game Room, 4th BR & full Bath. A finished, insulated 3-Car Garage is great for auto, storage & workshop needs. Photos of previously built model. Other lots available!
Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312
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343 Central Avenue Severance, CO 80550 MLS #IR962913 $592,870 4 Beds 3.00 Baths 2,790 Sq. Ft. ($212 / sqft) PENDING 4/13/22 Year Built 2022 Days on market: 142 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 11
411 Harrow Street Severance, CO 80550 MLS #IR973746 $550,000 4 Beds 3.00 Baths 2,636 Sq. Ft. ($209 / sqft) PENDING 8/23/22 Year Built 2018 Days on market: 5 Details Prop Type: Single Family Residence County: Weld Subdivision: Tailholt Style: Contemporary Full baths: 1.0 3/4 Baths: 2 0 Lot Size (sqft): 8,466 Garages: 3 List date: 8/19/22 Pending date: 8/23/22 Off-market date: 8/23/22 Updated: Aug 23, 2022 4:21 AM List Price: $550,000 Orig list price: $550,000 Taxes: $3,583 School District: Windsor RE 4 High: Windsor Middle: Severance Elementary: Grand View Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator Association Amenities: Park Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal Association Yn: false Basement: Crawl Space, Full Below Grade Unfinished Area: 248 0 Building Area Source: Assessor Cooling: Central Air Flooring: Laminate Heating: Forced Air Interior Features: Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, Walk In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, VA Loan Living Area Total: 2636 Lot Features: Sprinklers In Front Main Level Bathrooms: 2 Main Level Bedrooms: 3 Parking Total: 3 Patio And Porch: Patio Possible Use: Residential Roof: Composition Security Features: Smoke Detector Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 6 BLOCK 6 TAILHOLT 1ST FG Tax Year: 2021 Utilities: Electricity Available, Natural Gas Available Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 12
Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 13
Virtual Tour: View Water Source: Public Window Features: Window Coverings Zoning: RES
Remarks
A beautiful modern ranch home just two and a half blocks from Franklin Lake and perfect for entertaining! The open concept main floor living spaces have sleek laminate wood floors and recessed lighting. A large center island with seating, granite counters, stainless steel appliances, and a walk in pantry will make cooking a pleasure. Dine casually inside or out. Sliding glass doors lead to an Alumawood pergola covered Trex deck perfect for outdoor dining. The backyard overlooks a greenbelt and the neighborhood is quiet and friendly. The beautifully finished basement has an impressive recreation space large enough for a ping pong or pool table, and a family room retreat well suited to media entertainment. The main floor primary suite encompasses a large sleeping area, a massive walk in closet, and an attached bathroom that offers dual sinks and a glass walled walk in stall shower. The central location provides easy access to down town Windsor, Fort Collins, the Rocky Mountains and Denve
411 Harrow Street Severance, CO 80550 MLS #IR973746 $550,000 4 Beds 3.00 Baths 2,636 Sq. Ft. ($209 / sqft) PENDING 8/23/22 Year Built 2018 Days on market: 5 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 14
207 Silo Court Severance, CO 80550 MLS #IR964143 $650,820 3 Beds 2.00 Baths 2,010 Sq. Ft. ($324 / sqft) CLOSED 8/5/22 Year Built 2022 Days on market: 1 Details Prop Type: Single Family Residence County: Weld Subdivision: Tailholt Style: Contemporary Full baths: 1.0 3/4 Baths: 1.0 Lot Size (sqft): 18,046 Garages: 4 List date: 4/28/22 Sold date: 8/5/22 Off-market date: 8/5/22 Updated: Sep 1, 2022 6:45 AM List Price: $650,820 Orig list price: $621,670 Assoc Fee: $123 School District: Windsor RE 4 High: Severance Middle: Severance Elementary: Range View Features Appliances: Dishwasher, Disposal, Double Oven, Microwave Association Fee Frequency: Quarterly Association Name: Tailholt HOA Association Yn: true Basement: Bath/ Stubbed, Full, Unfinished Below Grade Unfinished Area: 1755.0 Builder Model: Stonecrop Building Area Source: Plans Construction Materials: Wood Frame Cooling: Ceiling Fan(s), Central Air Fencing: Partial Fireplace Features: Gas, Insert Flooring: Vinyl Heating: Forced Air Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA Living Area Total: 2010 Lot Features: Level Main Level Bathrooms: 2 Main Level Bedrooms: 3 Other Equipment: Satellite Dish Parking Features: Oversized, Oversized Door, RV Access/Parking, Tandem Parking Total: 4 Patio And Porch: Patio Possible Use: Residential Property Condition: Under Construction Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 15
Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 8 BLOCK 8 TAILHOLT 1ST FG Tax Year: 2022 Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Zoning: RES
Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312
Remarks Under Contract, Pre-Sale Stonecrop with an amazing elevation and fantastic floor plan. Express your style when choosing tile, flooring, lighting, plumbing fixtures, countertop, stone and paint colors with the generous allowances and expert design center guidance. Stary summer nights will be enjoyed on the covered patio or take a relaxing stroll around Franklin Lake. Bluestone builds a quality home you are sure to be proud of and the 4 Car finished Garage has room for your hobbies and toys.
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207 Silo Court Severance, CO 80550 MLS #IR964143 $650,820 3 Beds 2.00 Baths 2,010 Sq. Ft. ($324 / sqft) CLOSED 8/5/22 Year Built 2022 Days on market: 1 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 17
403 Harrow Street Severance, CO 80550 MLS #IR970073 $480,000 3 Beds 3.00 Baths 1,743 Sq. Ft. ($275 / sqft) CLOSED 8/15/22 Year Built 2018 Days on market: 9 Details Prop Type: Single Family Residence County: Weld Subdivision: TAILHOLT 1ST FG Style: Contemporary Full baths: 1.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 6,534 Garages: 2 List date: 7/1/22 Sold date: 8/15/22 Off-market date: 8/15/22 Updated: Sep 1, 2022 6:45 AM List Price: $485,000 Orig list price: $485,000 Taxes: $3,640 School District: Windsor RE 4 High: Severance Middle: Severance Elementary: Range View Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator Association Fee Includes: Snow Removal Association Yn: false Basement: Bath/ Stubbed, Crawl Space, Full, Unfinished Below Grade Unfinished Area: 1325.0 Builder Model: Orchard Building Area Source: Assessor Construction Materials: Wood Frame Cooling: Ceiling Fan(s), Central Air Fencing: Fenced Flooring: Vinyl Heating: Forced Air Interior Features: Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, Walk In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 1743 Lot Features: Sprinklers In Front Main Level Bathrooms: 3 Main Level Bedrooms: 3 Other Equipment: Satellite Dish Parking Total: 2 Patio And Porch: Patio Possible Use: Residential Road Surface Type: Paved Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 18
Roof: Composition Security Features: Smoke Detector Sewer: Public Sewer Structure Type: House Tax Legal Description: Lot 2 Block 6 TAILHOLT 1ST FG Tax Year: 2021
Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings
You don't want to miss the deal of the Summer with this like new home in desirable Tailholt! You'll fall in love with this open concept, ranch style home, complete with 9 ft. ceilings throughout. Granite counter tops in the kitchen, with a large island, gas stove and walk in pantry. Enjoy entertaining in the backyard with a custom extended patio, that backs to a greenbelt. Retreat to your primary bedroom with en-suite, complete with double sinks, private water closet, and large walk-in closet. F
Zoning: RES Remarks
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Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312
403 Harrow Street Severance, CO 80550 MLS #IR970073 $480,000 3 Beds 3.00 Baths 1,743 Sq. Ft. ($275 / sqft) CLOSED 8/15/22 Year Built 2018 Days on market: 9 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 20
311 Jay Avenue Severance, CO 80550 MLS #4976354 $465,000 3 Beds 2.00 Baths 1,655 Sq. Ft. ($281 / sqft) CLOSED 3/8/22 Year Built 2018 Days on market: 3 Details Prop Type: Single Family Residence County: Weld Subdivision: Tailholt Full baths: 1.0 3/4 Baths: 1.0 Lot Size (sqft): 5,328 Garages: 2 List date: 2/10/22 Sold date: 3/8/22 Off-market date: 2/13/22 Updated: Mar 8, 2022 5:12 AM List Price: $460,000 Orig list price: $460,000 Assoc Fee: $592 Taxes: $3,506 School District: Windsor RE 4 High: Severance Middle: Severance Elementary: Range View Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer Association Amenities: Park Association Fee Frequency: Annually Association Name: Tailholt Association Phone: 970 488-2823 Association Yn: true Basement: Bath/ Stubbed, Full, Unfinished Below Grade Unfinished Area: 1268 0 Builder Model: Neuville Builder Name: D.R. Horton, Inc Building Area Source: Appraiser Concessions: No Construction Materials: Frame Cooling: Central Air Direction Faces: South Exterior Features: Spa/ Hot Tub Fencing: Full Flooring: Carpet, Wood Foundation Details: Concrete Perimeter Heating: Forced Air Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Kitchen Island, Master Suite, No Stairs, Open Floorplan, Pantry, Radon Mitigation System, Spa/Hot Tub, Walk-In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 21
1ST FG Tax Year: 2020 Utilities: Cable Available, Electricity Connected, Natural Gas Available Water Source: Public Window Features: Window Coverings Zoning: RES
Remarks Welcome Home to this proudly Southern Facing Ranch-Style here in beautiful Tailholt. Better than New; equipped with Stainless Steel Appliances, Gas Range Stove, Large Walk-In Kitchen Pantry, Dark Hardwood Flooring, Open Kitchen/Living Room Area, Master Jumbo Walk-In Closet, Large Master Bathroom, Unfinished Basement & Active Radon Mitigation System. Exterior exclaims Front & Back Covered Patio, Extended Back Patio (done professionally) splashed with your Brand New Master Spas T240 Hot Tub Appointed just to the North of Severance High School. Tailholt Operation & Maintenance Fee is $592/Year, Non-Potable Water is $300/Year Mark Lovett Cell: 3038680312
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Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615
Living Area Total: 1655 Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 3 Parking Features: Concrete Parking Total: 2
Patio And Porch: Covered, Front Porch, Patio Pets Allowed: Dogs OK Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition
Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 2 BLOCK 3 TAILHOLT
311 Jay Avenue Severance, CO 80550 MLS #4976354 $465,000 3 Beds 2.00 Baths 1,655 Sq. Ft. ($281 / sqft) CLOSED 3/8/22 Year Built 2018 Days on market: 3 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 23
Comparable Property Statistics P 3 Pending Listings S 3 Sold Listings LOWEST $550,000 AVERAGE $580,261 HIGH $597,915 AVG PRICE / SQFT $234 AVG DOM 96 LOWEST $465,000 AVERAGE $531,940 HIGH $650,820 AVG PRICE / SQFT $293 AVG DOM 4 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 24
Sold Property Analysis Averages 100.0% Homes sold for an average of 100 0% of their list price. 4 Days on market It took an average of 4 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 207 Silo Court $621,670 $650,820 104 69% 1 $324 403 Harrow Street $485,000 $480,000 98.97% 9 $275 311 Jay Avenue $460,000 $465,000 101.09% 3 $281 Averages $522,223 $531,940 101.86% 4 $293 Comparative Market Analysis 157 Hidden Lake Drive, Severance, Colorado 80615 Mark Lovett Cell: 3038680312 25
S SOLD LISTINGS
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 349 Central Avenue 4 3.00 2,130 $597,915 $281 343 Central Avenue 4 3.00 2,790 $592,870 $212 411 Harrow Street 4 3.00 2,636 $550,000 $209 Averages 2,518 $580,261 $234
Cell: 3038680312 26
Severance, Colorado 80615 Mark
Summary of Comparable Properties P PENDING LISTINGS
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 207 Silo Court 8/5/22 3 2.00 2,010 $650,820 $324 403 Harrow Street 8/15/22 3 3.00 1,743 $480,000 $275 311 Jay Avenue 3/8/22 3 2 00 1,655 $465,000 $281 Averages 1,802 $531,940 $293 Hidden Lake Drive, Lovett
Comparative Market Analysis 157
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PRICINGINTELLIGENT&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.
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.
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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.
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.
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ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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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.
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
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.
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.
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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.
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.
TIME ON MARKET (IN WEEKS) ACTIVITY 1 2 3 4 5 6
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