Customized Comparative Market Analysis

at Keller Williams Integrity

Comparative Market Analysis

Mark Lovett

OWNER INFORMATION

Owner Name Mackenzie Joneen L Int

Owner Name 2 35 K Bruce

Mailing Address 10427 E Dorado Pl

Mailing City & State Greenwood Village, CO

LOCATION INFORMATION

Property Zip 80111

Mailing Zip 80111

Mailing ZIP 4 3711

Mailing Carrier Route C047

Owner Occupied Yes

Topography Flat/Level

Property Zip4 3711 Neighborhood Code Sundance Hills 6th Flg 2190

Property Carrier Route C047 Township 05S

School District Cherry Creek 5 Range 67W

Elementary School High Plains Section 15 Middle School Campus Quarter SE High School Cherry Creek Block 15 Subdivision Sundance Hills 6th Flg Lot 21 Census Tract 68.08

TAX INFORMATION

PIN 2075 15 4 24 008

% Improved 68%

Alternate PIN 031782813 Tax District 0771

Schedule Number 207515424008

Legal Description LOT 21 BLK 15 SUNDANCE HILLS 6TH FLG

ASSESSMENT & TAX

Assessment Year 2022 Preliminary 2021 2020 2019

Market Value Land $280,000 $280,000 $270,000 $270,000

Market Value Improved $596,800 $596,800 $643,400 $643,400

Market Value Total $876,800 $876,800 $913,400 $913,400

Assessed Value Land $20,020 $20,020 $19,305 $19,305

Assessed Value Improved $42,671 $42,671 $46,003 $46,003

Assessed Value Total $62,691 $62,691 $65,308 $65,308

YOY Assessed Change (%) 0% 4 01% 0%

YOY Assessed Change ($) $0 $2,617 $0

Tax Year Total Tax Change ($)

$299

Basement Type

# Buildings

Bedrooms

Tax: Partial Finished MLS: Slab

Tax: 4 MLS: 5

Baths Total 4

FEATURES

Foundation Concrete

Quality Good

Equipment Dishwasher, Disposal

Feature Type Size/Qty

Second Floor 593

Basement Finish 593 Deck 590

Attached Garage 746

First Floor 2,174

Basement Total 2,158

Covered Porch 77

LISTING INFORMATION

MLS Listing Id 6487406

MLS Current Price $1,550,000

MLS Days On Market 13 MLS Original List Price $1,550,000

MLS Source REcolorado

MLS Listing Contract Date 06/01/2022

MLS Status Withdrawn MLS List Office Name KENTWOOD REAL ESTATE DTC,LLC

MLS Status Change Date 06/14/2022

LAST MARKET SALE & SALES HISTORY

Sale Date 11/08/1997

MLS List Agent Full Name 040998 Jennifer Markus

Deed Type Warranty Deed

Owner Name Mackenzie Joneen L Int Price per SqFt Finished $105 65

Sale Price $355,000

Owner Name 2 35 K Bruce

Document Number A7155962 Seller Lane Gary R & Trudy J

Sale Type Full

Sale Date 02/22/2012 08/26/2004 11/08/1997 12/20/1989

Sale Price $355,000 $50,000

Nominal Y Y

Buyer Mackenzie K Bruce Mackenzie K B & Joneen L Krauth Joneen L Lane Gary R & Trudy J

Buyer Mackenzie Joneen L Mackenzie Joneen L Lane Trudy J

Seller Mackenzie K Bruce & Jonee n L Krauth Joneen L Lane Gary R & Trudy J Melstrom Gina & Gloria

Document Number D2021474 B4158408 A7155962 5837 633

Document Type Quit Claim Deed Quit Claim Deed Warranty Deed Warranty Deed

Title Company Attorney Only Land Title Guarantee

MORTGAGE HISTORY

Mortgage Date 01/21/2021 11/23/2009 11/23/2009 06/19/2008 09/03/2004

Mortgage Amount $200,000 $108,000 $410,000 $200,000 $260,000

Mortgage Lender US Bk National Assn US Bk National Assn Affiliated Fin'l Grp Inc US Bk National Assn Affiliated Fin'l Grp Inc

Borrower Mackenzie Joneen L Mackenzie K Bruce Mackenzie K Bruce Mackenzie K Bruce Mackenzie K B

Borrower Mackenzie K B Mackenzie Joneen L Mackenzie Joneen L Mackenzie Joneen L Mackenzie Joneen L

Mortgage Type Conventional Conventional Conventional Conventional Conventional

Mortgage Purpose Refi Refi Refi Refi Nominal

Mortgage Int Rate 3 375 4 25

Mortgage Int Rate Type Adjustable Int Rate Loa

Adjustable Int Rate Loa

Mortgage Term 30 25 30 25 30

Mortgage Term Years Years Years Years Years

Title Company Radian Settlement Svc s Inc

First American Lender s Advanta Other

First American Title

Mortgage Date 07/15/2002 07/24/2000

Mortgage Amount $160,000 $100,000

Mortgage Lender US Bk/Nd US Bk/Nd

Borrower Krauth Joneen L Krauth Joneen L

Borrower

Mortgage Type Conventional Conventional

Mortgage Purpose Refi Refi

Map of Comparable Listings

MLS # STATUS

BEDS BATHS

1 Subject 10427 E Dorado Pl 5 4.00 3,360

STATUS: S = CLOSED

PRICE

2 6125687 S 10187 E Berry Drive 6 4 00 4,112 $1,350,000

3 3107017 S 5768 S Galena Street 6 4 00 3,550 $1,430,000

4 9360385 S 10322 E Berry Drive 5 4 00 3,853 $1,275,000

Online Valuation Analysis

Zestimates?

2.5% $35,200

Zestimates varied up to 2.5% or $35,200 compared to actual MLS prices.

3 Sold

ADDRESS SOLD DATE SOLD PRICE

ZESTIMATE DIFFERENCE

10187 E Berry Drive 9/20/22 $1,350,000 $1,348,300 0 1%

5768 S Galena Street 5/6/22 $1,430,000 $1,465,200 2.5%

10322 E Berry Drive 8/26/22 $1,275,000 $1,279,400 0 3%

Source: Zillow

Beds 4.00 Baths

Sq.

CLOSED 9/20/22 Year Built 1979 Days on market: 4

Details

Prop Type: Single Family Residence

County: Arapahoe Subdivision: Sundance Hills

Style: Traditional Full baths: 1.0

Features

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

Association Amenities: Pool, Tennis Court(s)

Association Fee

Frequency: Annually Association Name: Sundance Hills HOA

3/4 Baths: 2 0

Half baths: 1.0

Lot Size (sqft): 10,934

Garages: 2

List date: 8/18/22

Sold date: 9/20/22

Off-market date: 8/22/22

Updated: Sep 21, 2022 2:34 AM

List Price: $1,350,000

Orig list price: $1,350,000

Assoc Fee: $25

Taxes: $6,054

School District: Cherry Creek 5

High: Cherry Creek Middle: Campus Elementary: High Plains

Cell: 3038680312

Association Phone: 303-808-6118

Association Yn: true

Basement: Finished, Partial

Below Grade Unfinished Area: 123.0

Concessions: Buyer

Closing Costs/Seller Points Paid

Concessions Amount: 2857

Construction Materials: Brick, Frame, Wood Siding

Cooling: Central Air

Exterior Features: Balcony, Garden, Private Yard

Fencing: Full

Fireplace Features: Family Room, Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Wood Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Kitchen Island, Primary Suite, Smoke Free, Vaulted Ceiling(s)

Levels: Two

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 4112

Mark Lovett

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

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Covered, Patio

Remarks

Roof: Composition

Security Features: Security System

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 23 BLK 1 SUNDANCE HILLS 6TH FLG

Tax Year: 2021

Virtual Tour: View

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

This classically updated two-story home in Sundance Hills sits only a block from the swim and tennis club and feeds into the prestigious Cherry Creek school district. This home boasts 6 bedrooms and 4 bathrooms on an over 10,000 sf lot with mature landscaping and trees. Beautiful curb appeal greets you as you step into a traditional foyer flanked by the formal living room and dining room with vaulted ceilings on one side and an office and powder room on the other. Running along a wall of windows with views of the private backyard is the beautifully remodeled kitchen, informal dining space and a spacious family room with a cozy fireplace. Also conveniently on this level is a mudroom and laundry room that connects directly from the garage to the home. The second story offers a hard-to-find 5 bedrooms including a primary bedroom with ensuite bathroom with sliders that open to a large balcony that looks over the backyard. The 4 secondary bedrooms on the 2nd story are all great sizes with nice closet spaces and share a large hall bathroom. The basement includes the perfect family room with wetbar for movie night, watching the big game, hobbies and fitness as well as a bedroom and bathroom and ample storage space. The backyard is a true oasis with a covered patio and gas firepit to take advantage of the beautiful Colorado weather year round. This sought-after Greenwood Village community provides quick access to I25, DTC and the fun shops and restaurants on Orchard.

3038680312

Mark Lovett

$1,430,000

6 Beds 4.00 Baths 3,550 Sq. Ft. ($403

CLOSED 5/6/22 Year Built 1972 Days on market: 4

Details

Prop Type: Single Family Residence

County: Arapahoe Subdivision: Sundance Hills

Style: Traditional Full baths: 3.0

Features

Appliances: Bar Fridge, Cooktop, Dishwasher, Double Oven, Microwave, Refrigerator

Association Amenities: Clubhouse, Playground, Pool, Tennis Court(s)

Association Fee

Frequency: Annually Association Name: Sundance Hills

Half baths: 1.0

Lot Size (sqft): 11,500

Garages: 2

List date: 4/28/22

Sold date: 5/6/22

Off-market date: 5/2/22

Updated: May 6, 2022

6:36 AM

List Price: $1,200,000

Orig list price: $1,200,000 Assoc Fee: $25

Taxes: $4,360

School District: Cherry Creek 5

High: Cherry Creek Middle: Campus Elementary: High Plains

Association Phone: 303.770.9346

Association Yn: true

Basement: Finished, Full

Below Grade Unfinished Area: 250 0

Building Area Source: Public Records

Concessions: No Construction Materials: Brick, Wood Siding

Cooling: Evaporative Cooling

Direction Faces: West

Exterior Features: Garden, Gas Grill, Private Yard

Fencing: Full

Fireplace Features: Great Room

Fireplaces Total: 1

Flooring: Carpet, Wood

Foundation Details: Slab

Heating: Baseboard

Interior Features: Granite Counters

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 3550

Lot Features: Level

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Total: 2

Mark

Patio And Porch: Front Porch, Patio

Road Frontage Type: Public Road

Road Surface Type: Paved

Remarks

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 24 BLK 10

SUNDANCE HILLS 2ND FLG

Tax Year: 2021

Virtual Tour: View

Water Source: Public

Creativity meets calm in this perfectly balanced Sundance Hills two-story. Infused with energy, this home sets you up for success with four bedrooms up, a beautifully remodeled kitchen, main floor office/bedroom, new basement finishes, and a large yard. Built in the 1970's you can count on some great period touches like the chic black slate entryway, the step down into the formal living room, the large picture window that overlooks the front yard, and hardwoods throughout. This basement shines with new carpet and paint and has that perfect overflow bedroom and bathroom for guests. The highly desirable Sundance Hills neighborhood creates a special community around the clubhouse, pool, swim team, tennis courts, and private events. There are just 335 homes in this spectacular neighborhood. It's wide, romantic streets and sidewalks encourage neighbors to get outside and engage. Cherry Creek schools, and trails and parks are moments away. This dreamy lifestyle sets the stage for you to live your best Colorado life. Showings start Friday at 11:00am.

3038680312

Mark Lovett

Beds 4.00 Baths

CLOSED 8/26/22 Year Built 1978 Days

Details

Prop Type: Single Family Residence

County: Arapahoe Subdivision: Sundance Hills

Full baths: 1.0 3/4 Baths: 1.0

Features

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

Association Amenities: Pool, Tennis Court(s)

Association Fee

Frequency: Annually

Association Name: Sundance Hills HOA

Association Phone: 303-955-4184

Association Yn: true

Half baths: 2 0

Lot Size (sqft): 14,418

Garages: 3

List date: 7/15/22

Sold date: 8/26/22

Off-market date: 7/23/22

Updated: Aug 27, 2022 5:10 AM

List Price: $1,350,000

Orig list price: $1,350,000 Assoc Fee: $25

Taxes: $6,321

School District: Cherry Creek 5

High: Cherry Creek Middle: Campus Elementary: High Plains

Basement: Finished

Building Area Source: Public Records

Building Name: Sundance Hills

Concessions: No

Construction Materials: Brick

Cooling: Central Air

Current Use: Live/Work

Electric: 110V, 220 Volts

Flooring: Carpet, Tile, Wood

Heating: Forced Air

Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Smoke Free, Utility Sink, Vaulted Ceiling(s)

Irrigation Source: Sprinkler-Pivot Levels: Two

Listing Terms: 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Living Area Total: 3853

Lot Features: Level

Main Level Bathrooms: 1

Parking Total: 3

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Mark Lovett

Road Responsibility:

Public Maintained Road

Road Surface Type: Paved

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 14 BLK 13 SUNDANCE HILLS 6TH FLG

Tax Year: 2021

Utilities: Electricity Available, Electricity Connected

Virtual Tour: View Window Features: Double Pane Windows

Remarks

Welcome to the sought-after neighborhood at Sundance Hills in beautiful Greenwood Village! This one-of a-kind home is a gem in this neighborhood, & unique inside and out. The lovely brick exterior, plantation shutters, & stunning landscaping is a great introduction to the home. As you walk in, youll feel welcomed-in by the tall ceilings, oak hardwood floors, & beaming sunlight. The main level features an open floor plan with refinished hardwood floors, newly remodeled living room, vaulted ceilings & beams w/ a cozy wood burning fireplace. The repainted family room is an excellent space for entertaining, & perfect space for gathering. The kitchen has been repainted, & has recessed lighting, gas appliances, & double-oven. The main floor also includes a convenient laundry room w/ built-in cabinets, utility sink, & storage cabinets. Head to the 2nd floor where youll find 4 bedrooms; 1 bedroom w/ a walk-in closet & built-in closets w/ a Juliet Balcony, 1 bedroom w/ a walk-in closet, 1 bedroom w/ a balcony & double-closet, a Jack-and-Jill bath w/ tile floors, a linen closet w/ double-doors in the hallway, & the Primary Suite w/ a bath, his & her closet, & private patio from primary bath. The painted basement is an excellent space w/ recessed lighting, a utility room w/ a furnace, bath, and a non-conforming 5th bedroom. Great multi-purpose space. Now, the true highlight of the home is the backyard. The stone patio, gas fireplace & new landscaping is a gorgeous touch to the home. When youre home, youll want to spend every moment outside, morning & evening. Steps away from the community playground, pool and tennis, you will fall in love w/ this social & active neighborhood that offers swim and tennis teams, as well as other fun community events! Central Greenwood Village location is close to DTC, light rail, restaurants, shopping, CC Reservoir, schools & everything you need! Offering designrich features & room for everyone, this home, can't be topped! Welcome home!

Mark Lovett

Comparable Property Statistics

Sold Property Analysis

Averages 104.0%

Homes sold for an average of 104 0% of their list price.

Analysis

ADDRESS

5Days on market

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

ORIG LIST PRICE SOLD PRICE

% OF ORIG LIST PRICE DOM $ PER SQFT

10187 E Berry Drive $1,350,000 $1,350,000 100 00% 4 $328 5768 S Galena Street $1,200,000 $1,430,000 119 17% 4 $403

10322 E Berry Drive $1,350,000 $1,275,000 94 44% 8 $331

Averages $1,300,000 $1,351,666 103.97% 5 $354

3038680312

Summary of Comparable Properties

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

10187 E Berry Drive 9/20/22 6 4.00 4,112 $1,350,000 $328 5768 S Galena Street 5/6/22 6 4 00 3,550 $1,430,000 $403 10322 E Berry Drive 8/26/22 5 4.00 3,853 $1,275,000 $331

Averages 3,838 $1,351,666 $354

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

+15%

+10%

Market Value

PERCENTAGE OF BUYERS

-10% -15% 10% 30% 60% 75% 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.

Keller Williams Integrity

ACTIVITY

1 2 3 4

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.

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