1538 Milwaukee St_Price Analysis!

at Keller Williams Integrity

Comparative Market

1.7% $10,100

Zestimates varied up to 1.7% or $10,100 compared to actual MLS prices.

ADDRESS

1489 Steele Street 101 7/25/22 $515,000 $523,700 1.7%

3000 E 16th Avenue 330 8/3/22 $662,500 $672,600 1.5%

1463 65 N Saint Paul Street 9/27/22 $700,522

Kyle

OWNER INFORMATION

Owner

LOCATION INFORMATION

Property

Property

Elementary School

School

School

TAX INFORMATION

Code

Name

City Park

City Park

Local

ASSESSMENT & TAX

Assessment Year 2022 Preliminary 2021 2020 2019

Market Value Land $501,100 $501,100 $501,100 $501,100

Market Value Improved $323,100 $323,100 $343,800 $343,800

Market Value Total $824,200 $824,200 $844,900 $844,900

Assessed Value Land $34,070 $35,830 $35,830 $35,830

Assessed Value Improved $21,970 $23,100 $24,580 $24,580

Assessed Value Total $56,040 $58,930 $60,410 $60,410

YOY Assessed Change (%) -4 9% -2

YOY Assessed Change ($) -$2,890 -$1,480

Tax Year Total Tax

$4,357

$4,482 $126 2.88%

$4,397 $85 1.89%

CHARACTERISTICS

SELL SCORE

Value As Of 2022 10 09 04:33:38

LISTING INFORMATION

MLS Listing Id 2043652

MLS Days On Market 52

MLS Current Price $749,900

MLS Original List Price $765,000

MLS Source REcolorado MLS Listing Contract Date 06/24/2022

MLS Status Expired MLS List Office Name BROKERS GUILD HOMES

MLS Status Change Date 10/01/2022

MLS List Agent Full Name 325276 Vivian More

MLS Listing # 2242985

MLS Source History REcolorado

MLS Status Expired

MLS Listing Price $1,485,000

MLS Orig Listing Price $1,450,000

MLS Listing Date 06/04/2022

MLS Listing Expiration Date 09/30/2022

LAST MARKET SALE & SALES HISTORY

Sale Date 04/12/2007

Deed Type Warranty Deed

Sale Price $483,000 Owner Name Secrist Thomas M Price per SqFt Finished $174 24 Seller Rutter Tom Document Number 62646

Sale Date 04/12/2007 09/21/1995 07/08/1994 Sale Price $483,000 $110,000

Nominal Y

Buyer Secrist Thomas M Rutter Tom Danahey Elvira C Seller Rutter Tom Danahey Elvira C Danahey Elvira C Document Number 62646 118076 110696

Document Type Warranty Deed Warranty Deed Personal Representative's Deed Title Company Land Title Corp

MORTGAGE HISTORY

Mortgage Date 10/28/2021 07/29/2016 09/08/2014 02/08/2011 10/18/2007

Mortgage Amount $300,000 $150,000 $406,920 $424,505 $440,000

Mortgage Lender Umb Bk Umb Bk Goldwater Bk Na Jp Morgan Chase Bk Washington Mutual Bk Fa

Borrower Secrist Thomas M Secrist Thomas M Secrist Thomas M Secrist Thomas M Secrist Thomas M Mortgage Type Conventional Conventional Conventional Conventional Conventional Mortgage Purpose Refi Refi Refi Refi Refi Mortgage Int Rate 3.75

Mortgage Int Rate Type Adjustable Int Rate Loa n Adjustable Int Rate Loa n

Mortgage Term 30 30 30

Mortgage Term Years Years Years Title Company American Hm Title & E scrow Co Old Republic Title Land Title Guarantee

Mortgage Date 04/18/2007 12/09/2002 09/26/1995

Mortgage Amount $200,000 $239,200 $109,254

Mortgage Lender Cherry Creek Mtg Mellon Mtg Co

Borrower Secrist Thomas M Rutter Tom Rutter Tom Mortgage Type Conventional Fha Mortgage Purpose Construction Refi Resale Mortgage Int Rate 6

Mortgage Int Rate Type Fixed Rate Loan

Mortgage Term 1 15 Mortgage Term Years Years Title Company

Details

Prop Type: Condominium County: Denver Subdivision: Congress Park Style: Urban Contemporary

Features

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

Association Amenities: Bike Storage, Elevator(s), Storage Association Fee Frequency: Monthly

Full baths: 2 0

Lot Size (sqft):

Garages: 1 List date: 6/21/22

Sold date: 7/25/22

Off-market date: 6/24/22

Updated: Jul 26, 2022 2:36 AM

List Price: $490,000

Orig list price: $490,000

Assoc Fee: $420

Taxes: $2,112

School District: Denver 1

High: East

Middle: Morey Elementary: Teller

Association Fee Includes: Capital Reserves, Exterior Maintenance w/out Roof, Insurance, Irrigation Water, Maintenance Grounds, Recycling, Sewer, Snow Removal, Trash, Water

Association Name: Colorado Association Services, AAMC

Association Phone: 303-232-9200

Association Yn: true

Building Area Source: Public Records

Building Name: Chamberlin Heights

Common Walls: End Unit

Concessions: No Construction Materials: Brick

Cooling: Central Air

Exterior Features: Balcony, Elevator, Lighting

Flooring: Carpet, Tile, Wood

Furnished: Unfurnished

Heating: Forced Air

Interior Features: Eat-in Kitchen, Elevator, High Ceilings, Kitchen Island, Open Floorplan

Laundry Features: In Unit

Levels: One

Listing Terms: 1031 Exchange, Cash, Conventional, VA Loan Living Area Total: 1132

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Remarks

Parking Total: 1

Patio And Porch: Covered

Pets Allowed: Cats OK, Dogs OK Roof: Composition

Security Features: Carbon Monoxide Detector(s), Key Card Entry, Secured Garage/ Parking, Security Entrance, Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Low Rise (1-3)

Tax Legal Description: CHAMBERLIN HEIGHTS

CONDOS U-101 PRK 15 STR-5

Tax Year: 2021

View: City

Zoning: R-4 X

Light filled Chamberlin Heights condo just blocks from Congress and City Park. This home lives like an end unit sharing only one wall, with large trimmed windows on the other. Open living creates endless possibilities for entertaining and maximizing the use of this space. The living room features a gas fireplace, perfect for cooler nights, and shares a large dining space perfect for hosting dinners and game nights. A beautiful covered brick patio flows directly from the dining area, creating functional indoor/outdoor living. Open to the living/dining area, the kitchen features modern cabinetry, a gas range, granite countertops and newer appliances. The primary bedroom features a large walk-in closet with shelving (plenty of room for storage!) and an en suite bathroom. Rounding out this home is a large secondary bedroom, full bathroom and in-home laundry. Updates include central AC, fresh paint throughout and new hardware/lighting fixture. This property also comes with one assigned parking space in the common/secured garage, a storage locker and designated bike storage. Excellent location close to public transportation, restaurants, parks, nightlife, shopping and more! You will love enjoying this neighborhood from your new home!

8/3/22

Details

Prop Type: Condominium County: Denver Subdivision: City Park Full baths: 2 0

Half baths: 1.0

Features

Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: K3 Management Association Phone: 303-798-0054 Association Yn: true

Lot Size (sqft):

Garages: 1

List date: 6/23/22

Sold date: 8/3/22

Off-market date: 7/4/22

Updated: Aug 3, 2022 11:18 AM

List Price: $649,900

Orig list price: $649,900

Assoc Fee: $615 Taxes: $2,930

School District: Denver 1

High: East

Middle: Morey Elementary: Teller

Kyle Gephart

Building Area Source: Public Records

Common Walls: End Unit, No One Above Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 25000 Construction Materials: Brick, Concrete, Frame Cooling: Central Air

Distance To Bus Numeric: 1

Distance To Bus Units: Blocks

Exterior Features: Balcony

Heating: Forced Air

Laundry Features: In Unit, Laundry Closet Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 1374

Main Level Bathrooms: 2

Main Level Bedrooms: 1

Parking Total: 2

Patio And Porch: Covered

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/Remodeled

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Unknown

Senior Community Yn: false

Sewer: Public Sewer Structure Type: Low Rise (1-3)

Tax Legal Description: WONDERLAND AT CITY PARK SOUTH CONDOS U-330 PRK 34 & 39 STR-10

Remarks

Tax Year: 2021

Zoning: H-2

One of a kind 2-story penthouse in the perfect City Park location. This true 3 bedroom 2.5 bathroom condo features new quartz counters, new stainless steel appliances, new paint, new lights, shaker style cabinets, wood floors, and more. The main level is drenched in natural light from the corner windows and features the updated kitchen, comfortable dining room and living room with a gas fireplace, spacious balcony, a half bath, and a well-sized primary suite with attached bathroom and walk-in closet. Walk up to the 2nd level to find another primary suite also with an attached bathroom plus the 3rd bedroom with a private balcony. Add in 2 parking spaces and a storage unit and this home truly has everything you have been waiting for. Live 1 block to City Park and 1 block to all the shops and restaurants along Colfax plus nearby 17th Ave's restaurant row. This is an incredible opportunity to own a penthouse home in an amazing location. Welcome home.

$700,522

Saint Paul

Details

Prop Type: Multi-Family County: Denver Subdivision: Chamberlins Sub Full baths: 2 0

Features

Appliances: Oven, Refrigerator

Association Yn: false

Basement: Full

Below Grade Unfinished Area: 264 0

Builder Model: Denver Square Common Walls: 1 Common Wall Concessions: No Construction Materials: Brick

Lot Size (sqft):

List date: 7/22/22

Sold date: 9/27/22

Off-market date: 9/13/22

List Price: $775,000

Orig list price: $775,000 Taxes: $3,497

Middle: Morey Elementary: Teller

Kyle

Cooling: None

Direction Faces: East

Fencing: Partial Fireplace Features: Living Room

Fireplaces Total: 1

Flooring: Vinyl, Wood Heating: Forced Air

Interior Features: Eat-in Kitchen, High Ceilings Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 2397

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Features: Asphalt

Parking Total: 3

Patio And Porch: Covered, Front Porch

Property Condition: Fixer Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Duplex

Tax Legal Description: CHAMBERLINS SUB B3 L42 & S/2 OF L43

Tax Year: 2019

Utilities: Cable Available

Water Source: Public Zoning: U-RH-3A

Great Investment Opportunity! This Denver Square has two units, one is a 2 bedroom, the other a 1 bedroom. Needs interior cosmetic updating but has great bones! Can be turned back into a single family home. Both units have original fireplaces, leaded glass windows, original hardwood flooring, high ceilings and TONS of potential!! Basement finishing for another unit is a possibility. Must check with city zoning. Three off-street, asphalted parking spaces. New Roof 2014 and new electric service panels 2014. New back stairwell and lots of other repairs have been completed. Walking distance to RTD and restaurants.

98.1%

Homes sold for an average of 98 1% of their list price.

Analysis

ADDRESS

17Days on market

It took an average of 17 days for a home to sell.

1489 Steele Street 101 $490,000 $515,000 105.10% 3 $455

3000 E 16th Avenue 330 $649,900 $662,500 101.94% 11 $482

1463 65 N Saint Paul Street $775,000 $700,522 90 39% 39 $292

Averages $638,300 $626,007 98 07% 17 $410

Kyle Gephart

Summary of Comparable Properties

S SOLD LISTINGS

ADDRESS

1489 Steele Street 101 7/25/22

3000 E 16th Avenue 330 8/3/22

1463 65 N Saint Paul Street 9/27/22

2.00 1,132 $515,000 $455

3.00 1,374 $662,500 $482

2.00 2,397 $700,522 $292

1,634 $626,007 $410

Kyle

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%

Market Value -10% -15%

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.

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.

Marketing Action Plan

Below are a few of the services we can provide as part of the marketing of your home. Before we can get started, the first important step is to:

Sign and complete the Listing Agreement

First Week

Enter listing into the MLS system.

Put up "For Sale" yard sign.

Install lock box. (optional)

Schedule time to shoot property photos. Review showing procedure.

Prepare property flyer Syndicate listing to real estate websites.

Second Week

Invite brokers and agents to tour home. Begin agent to agent marketing efforts.

Review and update status.

Third Week

Hold Open House.

Ongoing activities

Show property to potential buyers.

Follow-up on Internet leads.

Monitor market conditions.

Monitor comparable properties for sale.

Monitor foreclosures and short sales in market.

Kyle