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MarComparativeketAnalysis 2515 Larimer Street, Denver, Colorado 80205 Brendan Bartic AUGUST 17, 2022 Jordan Rommereim
2515 Larimer St, Denver, CO 80205-2124, Denver County APN: 2277-07-074 CLIP: 4781838909 MLS Beds 2 MLS Full Baths 2 Half Baths 1 Sale Price $469,000 Sale Date 05/24/2013 MLS Sq Ft 1,674 Lot Sq Ft 821 Yr Built 2008 Type TH/RH OWNER INFORMATION Owner Name Bartic Brendan J Mailing Zip 80205 Owner Name 2 Bartic Kathryn Mailing ZIP 4 2124 Mailing Address 2515 Larimer St Mailing Carrier Route C004 Mailing City & State Denver, CO Owner Occupied Yes LOCATION INFORMATION Property Zip 80205 Topography Flat/Level Property Zip4 2124 Neighborhood Code Curtis Park 0265 Property Carrier Route C004 Neighborhood Name (OnBoard) Curtis Park School District Denver County 1 Traffic Graded Elementary School Whittier Township 03S Middle School Dsst Cole Range 68W High School East Section 27 Subdivision Platte Add Block 56 Zoning R MU 30 Lot 20 Census Tract 16 03 TAX INFORMATION PIN 2277 07 074 % Improved 89% Schedule Number 0227707074000 Tax District DENV Legal Description PLATTE ADD B56 PT L20 & 21 CO M MST SLY COR L17 N44.3546E 9 3 58FT TO POB TH N45 2456W 39 89FT N44 3504E 20 58FT S45 2456 E 39 9FT S44 3546W 20 58FT TO P OB ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $73,900 $73,900 $73,900 Market Value Improved $582,600 $582,600 $542,400 Market Value Total $656,500 $656,500 $616,300 Assessed Value Land $5,280 $5,280 $5,280 Assessed Value Improved $41,660 $38,780 $38,780 Assessed Value Total $46,940 $44,060 $44,060 YOY Assessed Change (%) 6.54% 0% YOY Assessed Change ($) $2,880 $0 Tax Year Total Tax Change ($) Change (%) 2019 $3,177 2020 $3,269 $92 2 88% 2021 $3,503 $234 7.14% CHARACTERISTICS Lot Acres 0.0188 Baths Total 3 Lot Sq Ft 821 MLS Total Baths 3 Land Use County Row House Misc Baths Full 2 Land Use CoreLogic Townhouse/Rowhouse Baths Half 1 Style Row House Stories 3 Year Built 2008 Fireplace Y Bldg Sq Ft Above Ground 1,674 Heat Type Warm Air Bldg Sq Ft Total 1,674 Patio Type Wood Deck Bldg Sq Ft Finished 1,674 Garage Type Attached Garage Bldg Sq Ft 1st Floor 260 Garage Capacity MLS: 2 Bldg Sq Ft 2nd Floor 659 Garage Sq Ft 441 # Buildings 1 Exterior Frame/Masonry Total Rooms 6 Quality Good Property Details Courtesy of Jordan Holsinger, REcolorado Generated on:08/17/22 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 Page 1/3
Bedrooms 2 FEATURES Feature Type Size/Qty Att Garage Frm 441 Wd Deck 109 Wd Deck 26 SELL SCORE Rating Low Value As Of 2022 08 14 05:02:41 Sell Score 486 LISTING INFORMATION MLS Listing Id 1921176 MLS Original List Price $3,650 MLS Days On Market 32 MLS Listing Contract Date 12/11/2020 MLS Source REcolorado MLS List Office Name KELLER WILLIAMS INTEGRITY RE AL ESTATE LLC MLS Status Leased MLS List Agent Full Name 30458t The Bartic Group MLS Status Change Date 01/12/2021 MLS Buyer Agent Full Name 30458t The Bartic Group MLS Current Price $3,350 MLS Buyer Office Name KELLER WILLIAMS INTEGRITY RE AL ESTATE LLC MLS Listing # 1177519 1091018 MLS Source History REcolorado REcolorado MLS Status Closed Expired MLS Listing Price $464,900 $449,900 MLS Orig Listing Price $464,900 $449,900 MLS Listing Close Price $469,000 MLS Listing Date 04/17/2013 05/08/2012 MLS Close Date 05/24/2013 MLS Listing Expiration Date 11/30/2012 LAST MARKET SALE & SALES HISTORY Sale Date 05/24/2013 Deed Type Special Warranty Deed Sale Price $469,000 Owner Name Bartic Brendan J Price per SqFt Finished $280.17 Owner Name 2 Bartic Kathryn Document Number 75940 Seller Chroma Lcc Sale Date 11/24/2020 05/24/2013 Sale Price $469,000 Nominal Y Buyer Bartic Brendan J & Kathryn Bartic Brendan J Chroma LLC Buyer Bartic Kathryn Seller Bartic Brendan J Chroma Lcc Owner Record Document Number 198257 75940 106612 Document Type Quit Claim Deed Special Warranty Deed Special Warranty Deed Title Company Land Title Guarantee Multi/Split Sale Type Multi MORTGAGE HISTORY Mortgage Date 11/30/2020 05/28/2013 Mortgage Amount $359,000 $416,998 Mortgage Lender Wells Fargo Bk Na Catalyst Lndg Inc Borrower Bartic Brendan J Bartic Brendan J Borrower Bartic Kathryn Mortgage Type Conventional Va Mortgage Purpose Nominal Resale Mortgage Term 15 30 Mortgage Term Years Years Property Details Courtesy of Jordan Holsinger, REcolorado Generated on:08/17/22 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 Page 2/3
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Jordan Holsinger, REcolorado Generated on:08/17/22 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 Page 3/3
Online Valuation Analysis How accurate are Zestimates? 2.4% $21,901 Zestimates varied up to 2.4% or $21,901 compared to actual MLS prices. A ADDRESS PRICE ZESTIMATE DIFFERENCE 2531 Lawrence Street $889,000 $885,513 0 4% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 2537 Lawrence Street 5/10/22 $899,999 $921,900 2.4% 2541 Lawrence Street 6/8/22 $905,000 $920,500 1.7% Source: Zillow 1 2ActiveSold Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 4
Map of Comparable Listings STATUS: A = ACTIVE S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 2515 Larimer St 2 2.00 1,674 2 3683353 A 2531 Lawrence Street 3 4 00 2,241 $889,000 3 3454952 S 2537 Lawrence Street 3 3.00 2,085 $899,999 4 6977348 S 2541 Lawrence Street 3 4 00 1,764 $905,000 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 5
2531 Lawrence Street Denver, CO 80205 MLS #3683353 $889,000 3 Beds 4.00 Baths 2,241 Sq. Ft. ($397 / sqft) ACTIVE 7/21/22 Year Built 2008 Days on market: 27 Details Prop Type: Townhouse County: Denver Subdivision: RiNo Style: Urban Contemporary Full baths: 1.0 3/4 Baths: 2 0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 7/21/22 Updated: Aug 17, 2022 5:52 AM List Price: $889,000 Orig list price: $899,000 Assoc Fee: $499 Taxes: $3,877 School District: Denver 1 High: East Middle: Whittier E-8 Elementary: Whittier E-8 Features Appliances: Dishwasher, Disposal, Range, Refrigerator Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Security, Sewer, Snow Removal, Trash, Water Association Name: ACM HOA Association Phone: 303-233-4646 Association Yn: true Basement: Exterior Entry, Finished, Interior Entry/ Standard, Partial, Walk Out Access Building Area Source: Appraiser Common Walls: No One Above, No One Below Construction Materials: Block, Brick, Frame Cooling: Central Air Direction Faces: East Distance To Bus Numeric: 1 Distance To Bus Units: Blocks Entry Location: Ground Exterior Features: Balcony Flooring: Carpet, Tile, Wood Heating: Forced Air Interior Features: Eat-in Kitchen, Five Piece Bath, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Listing Terms: Cash, Conventional, Other Living Area Total: 2241 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 6
Lot Features: Historical District, Near Public Transit, Sprinklers In Front Main Level Bathrooms: 1 Parking Features: Concrete, Storage Parking Total: 2 Patio And Porch: Patio Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Other Security Features: Secured Garage/Parking, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: TRELLIS TOWNHOMES U-105 AKA CURTIS & CLARKES ADD B59 PT L26 BEG 21.75'WIT-COR L23 NE 83.88FT TPOB N45.0608W 50FT N44.5352E 18 17FT S45.0608E 50 FT S44.5352W 18.17FT TPOB Tax Year: 2021 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 Zoning: G-MU-3 Remarks Seller to pay 1-year of HOA fees!! Sheer luminosity inspires elevated design in this architecturally unique townhouse poised in the heart of RiNo. Residents are welcomed into a gracefully flowing layout flanked by newly refinished hardwood floors, new carpeting and fresh white wall color. Eyes are drawn upwards to lofty ceilings in a spacious living area as natural light streams in through vast windows. Youll find 10 15 foot ceilings throughout. A stylish kitchen is impressive w/ sleek cabinetry, a center island and bright dining area. Sliding glass doors open to an outdoor deck promoting seamless indoor-outdoor entertaining. A stairwell w/ a 25-foot-tall open-air skylight ascends to an upper level where a sizable bedroom awaits w/ outdoor access. Retreat to a separate floor to find a primary suite boasting outdoor access and a spa-like bath w/ double vanities and a large bathtub. Downstairs, a third bedroom w/ outdoor access offers the perfect space for a home office or fitness area. Retreat to the rooftop deck for quiet evenings while watching the sunset over the mountains. A two-car attached garage presents plentiful storage for the home hobbyist. You won't find another property that has an entirely separate floor, private outdoor space, room specific thermostat + full attached bathrooms for each of the 3 bedrooms! Walk out your front door and Located on the same block is Uchi, Altius Farms, Third Space Yoga, Metropolis Coffee + Los chingones, Denver Central Market + all your favorite RiNo hot-spots are just a block away! Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 7
2531 Lawrence Street Denver, CO 80205 MLS #3683353 $889,000 3 Beds 4.00 Baths 2,241 Sq. Ft. ($397 / sqft) ACTIVE 7/21/22 Year Built 2008 Days on market: 27 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 8
2537 Lawrence Street Denver, CO 80205 MLS #3454952 $899,999 3 Beds 3.00 Baths 2,085 Sq. Ft. ($432 / sqft) CLOSED 5/10/22 Year Built 2008 Days on market: 14 Details Prop Type: Townhouse County: Denver Subdivision: Curtis Park Style: Contemporary 3/4 Baths: 2 0 Half baths: 1.0 Lot Size (sqft): 854 Garages: 2 List date: 3/10/22 Sold date: 5/10/22 Off-market date: 4/9/22 Updated: May 10, 2022 9:56 AM List Price: $899,999 Orig list price: $950,000 Assoc Fee: $469 Taxes: $3,260 School District: Denver 1 High: East Middle: Whittier E-8 Elementary: Whittier E-8 Features Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal Association Name: ACM HOA Association Phone: 303-233-4646 Association Yn: true Basement: Finished Below Grade Unfinished Area: 3.0 Concessions: No Construction Materials: Brick, Frame Cooling: Central Air Exterior Features: Balcony Flooring: Tile, Wood Heating: Forced Air Interior Features: Built-in Features, Ceiling Fan(s), Pantry Laundry Features: In Unit Levels: Three Or More Listing Terms: Cash, Conventional, Jumbo Living Area Total: 2085 Parking Features: 220 Volts Parking Total: 2 Patio And Porch: Rooftop Roof: Other Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 9
Tax Legal Description: TRELLIS TOWNHOMES U-108 AKA CURTIS & CLARKES ADD B59 PT L24 BEG 21.75' WIT-COR L23 NW 98 26F TPOB N45.0608W 48 33 N44.5352E 1767FT S45.0608E 48.33F S44.5352W 17.67FT TPOB Tax Year: 2020 View: City, Mountain(s) Virtual Tour: View Remarks
Welcome to 2537 Lawrence Street where the magic of living in the Mile High City comes to life! With sweeping views of the mountains to one side and the Denver city skyline on the other, this home offers the opportunity to call one of the most unparalleled views of Denver yours. Modern design meets timeless finishes top to bottom. Enjoy the 300+ days of sunshine through the floor to ceiling windows, glass floors, and outdoor access on every level. The basement bedroom with heated travertine floors leads out to the private garden retreat with a personal way of celebrating the booming art scene in Curtis Park through the commissioned art mural "Rhinostronaut". The basement makes a phenomenal AirBnB with the main floor living room serving as an ideal buffer between two independent living spaces. Effortless flow between the upper living room, kitchen, and dining. The rooftop deck is the ultimate escape. Listen to the sounds of the city, breathe in the fresh air, and watch the fanciful display of colors in the sky as the sun sets behind the mountains. The attached 2 Car Garage comes equipped with a 220 Volt charging station. Step out the secure gated entry points and hop on a scooter and explore the incredible dining, entertainment, and art scene that is the vivacious scene of Curtis Park. Welcome home!
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 10
2537 Lawrence Street Denver, CO 80205 MLS #3454952 $899,999 3 Beds 3.00 Baths 2,085 Sq. Ft. ($432 / sqft) CLOSED 5/10/22 Year Built 2008 Days on market: 14 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 11
2541 Lawrence Street Denver, CO 80205 MLS #6977348 $905,000 3 Beds 4.00 Baths 1,764 Sq. Ft. ($513 / sqft) CLOSED 6/8/22 Year Built 2008 Days on market: 1 Details Prop Type: Townhouse County: Denver Subdivision: RiNo Style: Urban Contemporary Full baths: 1.0 3/4 Baths: 2 0 Half baths: 1.0 Lot Size (sqft): 870 Garages: 2 List date: 5/11/22 Sold date: 6/8/22 Off-market date: 5/12/22 Updated: Jun 9, 2022 5:48 AM List Price: $895,000 Orig list price: $895,000 Assoc Fee: $469 Taxes: $3,684 School District: Denver 1 High: East Middle: McAuliffe International Elementary: Whittier E-8 Features Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash Association Name: ACM HOA Association Phone: 303-233-4646 Association Yn: true Basement: Finished, Partial Building Area Source: Public Records Common Walls: End Unit Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 10000 Construction Materials: Block, Brick Cooling: Central Air Entry Level: 1 Entry Location: Ground Exterior Features: Balcony Flooring: Carpet, Tile, Wood Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, High Ceilings, High Speed Internet, Open Floorplan, Quartz Counters, Smoke Free, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 12
Listing Terms: Cash, Conventional, Other Living Area Total: 1764 Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Deck, Patio, Rooftop Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Other Security Features: Security Entrance, Security System, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: TRELLIS TOWNHOMES U-110 AKA CURTIS & CLARKES ADD B59 PT L26 BEG 21.75' WIT-COR L23 NW 125.2F TPOB N45.0608W 48 33 N44.5352E 18 00FT S45.0608E 48.33F S44.5352W 18.00FT TPOB Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected View: City, Mountain(s) Water Source: Public Window Features: Double Pane Windows, Skylight(s), Window Coverings Zoning: G-MU-3 Remarks Stunning mountain and city views unfold from this townhouse, perfectly positioned in the heart of RiNo. Situated at the end of the building, privacy is unparalleled w/ outdoor connectivity on every floor plus an impressive rooftop deck. Modern design elements flow throughout the home matched by sleek new updates including fresh paint, refinished flooring and new carpeting. Vast floor-to-ceiling windows invite natural light to flood the space in brightness drawing attention to a spacious living area. Crafting new recipes is a delight in a modern kitchen boasting new countertops and tile. A new contemporary light fixture one of many found throughout highlights a dining area as sliding glass doors open to a balcony w/ space for dining al fresco. Retreat to a sumptuous primary suite featuring a spa-like bath w/ double vanities. A finished lower level w/ a new bath offers versatile flex space while the luxe third level is flanked by glass flooring. An attached 2 car garage is an added convenience. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 13
2541 Lawrence Street Denver, CO 80205 MLS #6977348 $905,000 3 Beds 4.00 Baths 1,764 Sq. Ft. ($513 / sqft) CLOSED 6/8/22 Year Built 2008 Days on market: 1 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 14
Comparable Property Statistics A 1 Active Listings S 2 Sold Listings LOWEST $889,000 AVERAGE $889,000 HIGH $889,000 AVG PRICE / SQFT $397 AVG DOM 27 LOWEST $899,999 AVERAGE $902,499 HIGH $905,000 AVG PRICE / SQFT $472 AVG DOM 7 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 15
Sold Property Analysis Averages 100.6% Homes sold for an average of 100 6% of their list price. 7 Days on market It took an average of 7 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 2537 Lawrence Street $950,000 $899,999 94 74% 14 $432 2541 Lawrence Street $895,000 $905,000 101.12% 1 $513 Averages $922,500 $902,499 97.83% 7 $472 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 16
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2531 Lawrence Street 3 4.00 2,241 $889,000 $397 Averages 2,241 $889,000 $397 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2537 Lawrence Street 5/10/22 3 3.00 2,085 $899,999 $432 2541 Lawrence Street 6/8/22 3 4 00 1,764 $905,000 $513 Averages 1,924 $902,499 $472 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Jordan Rommereim Cell: 7206657220 17
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.
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.
at Keller Williams Integrity
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
☐ The market never lies, but it can change its mind.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
PRICINGINTELLIGENT&TIMING
☐ The first two weeks of marketing are crucial.
☐ Fair market value attracts buyers, overpricing never does.
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.
3 4 5 6
TIME
ACTIVITY 1
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.
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.
at Keller Williams Integrity
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.
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. ON MARKET (IN WEEKS) 2
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