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MarComparativeketAnalysis 3287 South Indiana Street, Lakewood, Colorado 80228 3287 S Indiana Street CMA SEPTEMBER 8, 2022 David Kirilchuk
3287 S Indiana St, Lakewood, CO 80228-5499, Jefferson County Active Listing APN: 433498 CLIP: 8629661877 MLS Beds 4 MLS Full Baths 2 Half Baths 1 MLS List Price $717,000 MLS List Date 07/21/2022 MLS Sq Ft 2,326 Lot Sq Ft 1,381 Yr Built 2004 Type TH/RH OWNER INFORMATION Owner Name Frisch Marie Mailing ZIP 4 5499 Mailing Address 3287 S Indiana St Mailing Carrier Route C066 Mailing City & State Lakewood, CO Owner Occupied Yes Mailing Zip 80228 LOCATION INFORMATION Property Zip 80228 Neighborhood Code Westford Condos 3910 Property Zip4 5499 Neighborhood Name (OnBoard) Rooney Valley Property Carrier Route C066 Township 04 School District Jefferson County R 1 Range 69 Elementary School Hutchinson Section 31 Middle School Dunstan Quarter NW High School Green Mountain Block 1 Subdivision Tamarisk Sub Flg #2 & Major Error Corr Lot 62 Census Tract 117 24 TAX INFORMATION PIN 433498 % Improved 86% Alternate PIN 49 312 10 106 Tax District 7036 Schedule Number 433498 Legal Description SECTION 31 TOWNSHIP 04 RANG E 69 QTR NW SUBDIVISIONCD 740 590 SUBDIVISIONNAME TAMARIS K SUB FLG #2 & MAJOR ERROR CORRECTION BLOCK 001 LOT 00 62 SIZE: 1381 TRACT VALUE: .032 ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $60,000 $60,000 $60,000 Market Value Improved $380,491 $373,090 $373,090 Market Value Total $440,491 $433,090 $433,090 Assessed Value Land $4,290 $4,290 $4,290 Assessed Value Improved $27,205 $26,676 $26,676 Assessed Value Total $31,495 $30,966 $30,966 YOY Assessed Change (%) 1 71% 0% YOY Assessed Change ($) $529 $0 Tax Year Total Tax Change ($) Change (%) 2019 $2,768 2020 $2,804 $36 1 31% 2021 $2,865 $61 2 16% CHARACTERISTICS Lot Acres 0 0317 Baths Total Tax: 3 MLS: 4 Lot Sq Ft 1,381 MLS Total Baths 4 Land Use CoreLogic Townhouse/Rowhouse Baths Full 2 Building Type Townhouse Baths Half 1 Style Townhouse Stories 2 Year Built 2004 Fireplace Y Bldg Sq Ft Above Ground 1,818 Fireplaces 1 Bldg Sq Ft Basement 943 Cooling Type Central & Unit Bldg Sq Ft Finished Basement 508 Heat Type Forced Air Bldg Sq Ft Unfinished Basement 435 Patio Type Deck Bldg Sq Ft Total 2,761 Garage Type Attached Garage Bldg Sq Ft Finished Tax: 1,818 MLS: 2,326 Garage Capacity MLS: 2 Property Details Courtesy of David Kirilchuk, REcolorado Generated on:09/08/22 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
MLS Listing # 7524551 953395 937761 922415 1022636 MLS Source History REcolorado REcolorado REcolorado REcolorado REcolorado MLS Status Closed Expired Withdrawn Withdrawn Closed MLS Listing Price $750,000 $339,000 $339,000 $349,000 $319,900 MLS Orig Listing Price $750,000 $349,000 $349,000 $349,000 $319,900
Bldg Sq Ft 1st Floor 947 Garage Sq Ft 461 Bldg Sq Ft 2nd Floor 871 Construction Wood Basement Type Partial Finished Water Type Unknown # Buildings 1 Sewer Type Unknown Bedrooms Tax: 3 MLS: 4 Quality Good FEATURES Feature Type Size/Qty Covered Porch 61 Wood Deck 140 Attached Garage 461 First Floor 947 Second Floor 871 Basement Total 943 SELL SCORE Rating Low Value As Of 2022 09 04 04:25:40 Sell Score 473 LISTING INFORMATION MLS Listing Id 7296544 MLS Current Price $717,000 MLS Days On Market 50 MLS Original List Price $750,000 MLS Source REcolorado MLS Listing Contract Date 07/21/2022 MLS Status Active MLS List Office Name ENGEL & VOLKERS DENVER MLS Status Change Date 07/21/2022 MLS List Agent Full Name 55050617 Nicholas Quenzer
Nominal Y Buyer Frisch Marie Keim Carolyn J Trust Keim Carolyn J Ward Cynthia L Terry Vernon L Buyer Seller Kem Carolyn J Trust Keim Carolyn J Ward Cynthia L Terry Vernon L Etter Stuart A & Cristin a R Document Number 49808 117165 119127 80612 110533 Document Type Warranty Deed Warranty Deed Warranty Deed Warranty Deed Warranty Deed Title Company Land Title Guarantee Land Title Guarantee Fidelity National Title Insura American Title Svcs Property Details
Courtesy of David Kirilchuk, REcolorado Generated on:09/08/22
MLS Listing Close Price $740,000 $0 $310,000 MLS Listing Date 04/29/2022 08/24/2010 08/24/2010 08/24/2010 08/24/2010 MLS Close Date 05/16/2022 08/31/2011 MLS Listing Expiration D ate 03/31/2011 MLS Listing # 1019456 687262 MLS Source History REcolorado REcolorado MLS Status Expired Closed MLS Listing Price $319,900 $359,999 MLS Orig Listing Price $349,000 $359,999 MLS Listing Close Price $338,500 MLS Listing Date 08/24/2010 08/01/2008 MLS Close Date 12/03/2008 MLS Listing Expiration Date 07/31/2011 LAST MARKET SALE & SALES HISTORY Sale Date 05/16/2022 Deed Type Warranty Deed Sale Price $740,000 Owner Name Frisch Marie Price per SqFt Finished $407 04 Seller Kem Carolyn J Trust Document Number 49808 Sale Date 05/16/2022 11/09/2016 11/06/2015 08/31/2011 12/03/2008 Sale Price $740,000 $375,000 $310,000 $338,500
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
Multi/Split Sale Type Sale Date 06/27/2003 12/22/1999 Sale Price $303,040 Nominal Buyer Etter Stuart A & Cristina R Village Homes Of Colorado Inc Buyer Etter Cristina R Seller Village Homes Of Colorado Inc Owner Record Document Number F1798412 F0994849 Document Type Special Warranty Deed Deed (Reg) Title Company Land Title Guarantee Multi/Split Sale Type Multi MORTGAGE HISTORY Mortgage Date 05/19/2022 09/07/2011 12/08/2008 08/07/2006 11/04/2004 Mortgage Amount $740,000 $302,141 $270,800 $75,000 $70,000 Mortgage Lender Fortune Fndg US Bk National Assn Pinnacle Mtg Grp Inc Wells Fargo Bk Na Wells Fargo Bk Borrower Frisch Marie Ward Cynthia L Terry Vernon L Etter Stuart A Etter Stuart A Borrower Etter Cristina R Etter Cristina R Mortgage Type Conventional Fha Conventional Conventional Conventional Mortgage Purpose Resale Resale Resale Refi Refi Mortgage Int Rate Type Fixed Rate Loan Mortgage Term 30 30 30 40 40 Mortgage Term Years Years Years Years Years Mortgage Date 07/08/2003 07/08/2003 Mortgage Amount $242,400 $45,450 Mortgage Lender Abn Amro Mtg Grp Inc First Indiana Bk Borrower Etter Stuart A & Cristina R Etter Stuart A & Cristina R Borrower Etter Cristina R Etter Cristina R Mortgage Type Conventional Conventional Mortgage Purpose 1st Time Sale 1st Time Sale Mortgage Int Rate Type Fixed Rate Loan Fixed Rate Loan Mortgage Term 30 Mortgage Term Years
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of David Kirilchuk, REcolorado Generated on:09/08/22 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? 4.0% $27,700 Zestimates varied up to 4.0% or $27,700 compared to actual MLS prices. P ADDRESS PRICE ZESTIMATE DIFFERENCE 3035 S Indiana Street $625,000 $619,631 0.9% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 3269 S Indiana Street 7/20/22 $699,000 $726,700 4.0% Source: Zillow 1 Pending 1 Sold Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 4
Map of Comparable Listings STATUS: P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 3287 S Indiana St 4 4.00 2,326 2 2837720 P 3035 S Indiana Street 3 4 00 2,706 $625,000 3 8071767 S 3269 S Indiana Street 4 4 00 2,890 $699,000 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 5
3035 S Indiana Street Lakewood, CO 80228 MLS #2837720 $625,000 3 Beds 4.00 Baths 2,706 Sq. Ft. ($231 / sqft) PENDING 7/17/22 Year Built 2002 Days on market: 3 Details Prop Type: Multi-Family County: Jefferson Subdivision: Tamarisk Full baths: 2 0 3/4 Baths: 1.0 Quarter baths: 1.0 Lot Size (sqft): 1,381 Garages: 2 List date: 7/14/22 Pending date: 7/17/22 Off-market date: 7/17/22 Updated: Jul 19, 2022 3:57 AM List Price: $625,000 Orig list price: $625,000 Assoc Fee: $435 Taxes: $2,673 School District: Jefferson County R-1 High: Green Mountain Middle: Dunstan Elementary: Hutchinson Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Humidifier, Microwave, Oven, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: Tamarisk Townhomes Association Phone: 303.232.9200 Association Yn: true Basement: Finished, Full, Interior Entry/Standard Below Grade Unfinished Area: 470 Builder Model: Pinehurst Builder Name: Village Homes Building Area Source: Public Records Building Name: Tamarisk Common Walls: No One Above, No One Below Construction Materials: Brick, Frame Cooling: Central Air Direction Faces: Southwest Entry Location: Ground Fireplace Features: Family Room, Gas Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Heating: Forced Air, Natural Gas Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 6
David Kirilchuk Cell: 7208400400
Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2706 Lot Features: Greenbelt Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Covered, Front Porch, Patio Property Condition: Updated/Remodeled Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: SECTION 31 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 740590
Comparative Market Analysis
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TSUBDIVISIONNAMEAMARISKSUBFLG #2 & MAJOR ERROR CORRECTION BLOCK 001
LOT 0006 SIZE: 1381 TRACT VALUE: .032 Tax Year: 2020 View: Mountain(s) Virtual Tour: View Water Source: Public Window Features: Double Pane Windows Remarks Welcome home! Incredible views of the foothills and surrounded by trails and open space to enjoy Colorado's outdoor lifestyle! This low maintenance Tamarisk townhome offers many updated features including new Marvin Infinity windows throughout, recessed LED lighting, updated furnace, A/C, water heater and more. A nice, enclosed covered front porch greets you - from here, the main level offers extensive hardwood floors, a powder bath, mudroom with laundry, an open kitchen, dining and family room. High, dramatic ceilings create a lot of natural light in this home! The bright kitchen features quality cherry cabinets, granite countertops, glass accent tile backsplash, Kenmore Elite appliances, gas range, work desk and a breakfast bar! The eating nook/dining area can accommodate a large gathering, and has access to the back patio. The adjacent family room includes a gas fireplace, ceiling fan and big picture window. Head upstairs to find rich hardwood floors, a spacious secondary bedroom and full bath, a loft with incredible views and a luxurious Primary Suite. The Primary Suite includes double closets, a window seat (did we mention mountain views?!) with storage and an ensuite full bath - double vanity, soaking tub and neutral colors. The finished basement offers versatility - use the whole thing as a large bedroom suite, or frame in a smaller bedroom and still have space for a second family room/rec room! Basement also includes a 3/4 bath, storage area and mechanical closet. The back patio offers plenty of room for a container garden and a spot to enjoy views in the other direction of a green, open meadow. Lots of trails, greenbelts and access to recreation - Green Mountain, Red Rocks and Bear Creek Lake Park are just a few minutes away. Don't miss this! 3287 South Indiana Street, Lakewood, Colorado 80228
Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Primary Suite, Walk-In Closet(s)
3035 S Indiana Street Lakewood, CO 80228 MLS #2837720 $625,000 3 Beds 4.00 Baths 2,706 Sq. Ft. ($231 / sqft) PENDING 7/17/22 Year Built 2002 Days on market: 3 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 8
3269 S Indiana Street Lakewood, CO 80228 MLS #8071767 $699,000 4 Beds 4.00 Baths 2,890 Sq. Ft. ($242 / sqft) CLOSED 7/20/22 Year Built 2003 Days on market: 2 Details Prop Type: Multi-Family County: Jefferson Subdivision: Tamarisk Full baths: 2 0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 1,996 Garages: 2 List date: 6/16/22 Sold date: 7/20/22 Off-market date: 6/18/22 Updated: Jul 21, 2022 7:13 AM List Price: $699,000 Orig list price: $699,000 Assoc Fee: $435 Taxes: $3,059 School District: Jefferson County R-1 High: Green Mountain Middle: Dunstan Elementary: Hutchinson Features Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water Association Name: Tamarisk HOA Association Phone: 3032329200 Association Yn: true Basement: Finished Below Grade Unfinished Area: 329.0 Building Area Source: Public Records Concessions: No Construction Materials: Brick, Wood Siding Cooling: Central Air Fireplace Features: Living Room Fireplaces Total: 1 Heating: Forced Air Interior Features: Breakfast Nook, Ceiling Fan(s), Five Piece Bath, Primary Suite Levels: Two Listing Terms: Other Living Area Total: 2890 Main Level Bathrooms: 2 Main Level Bedrooms: 1 Parking Total: 2 Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 9
Comparative Market Analysis 3287
Welcome to 3269 S Indiana Incredible Tamarisk Location near Morrison road and Red rocks. A unique setting surrounded with views, trees, and beautiful homes with easy proximity to Morrison, Denver, Lakewood and Littleton. Be the first to see this gorgeous professionally remodeled home. Its light and bright and welcomes you from the moment you come in the door. Hardwood floors, Gourmet kitchen ,new tile, new counter tops ,newer appliances, built-in bar, vaulted Great room with a fireplace and large eating area that is great for entertaining. Enjoy your large deck off the dining room as you watch the sun come up. This unit has a coveted main floor bedroom with with spa-like bathroom and an upper level 2nd bedrrooom suite. This home is well maintained for move-in ease. The spectacular lower has a family room and 2 bedrooms with egress windows and a bathroom as well as ample storage. Quick possession. South
Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 10
Tax Legal Description: SECTION 31 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 740590 TSUBDIVISIONNAMEAMARISKSUBFLG #2 & MAJOR ERROR CORRECTION BLOCK 001 LOT 0053 SIZE: 1996 TRACT VALUE: .046 Tax Year: 2020 Virtual Tour: View Water Source: Public Remarks
3269 S Indiana Street Lakewood, CO 80228 MLS #8071767 $699,000 4 Beds 4.00 Baths 2,890 Sq. Ft. ($242 / sqft) CLOSED 7/20/22 Year Built 2003 Days on market: 2 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 11
Comparable Property Statistics P 1 Pending Listings S 1 Sold Listings LOWEST $625,000 AVERAGE $625,000 HIGH $625,000 AVG PRICE / SQFT $231 AVG DOM 3 LOWEST $699,000 AVERAGE $699,000 HIGH $699,000 AVG PRICE / SQFT $242 AVG DOM 2 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 12
Sold Property Analysis Averages 100.0% Homes sold for an average of 100 0% of their list price. 2 Days on market It took an average of 2 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 3269 S Indiana Street $699,000 $699,000 100 00% 2 $242 Averages $699,000 $699,000 100.00% 2 $242 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 13
Summary of Comparable Properties P PENDING LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 3035 S Indiana Street 3 4.00 2,706 $625,000 $231 Averages 2,706 $625,000 $231 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 3269 S Indiana Street 7/20/22 4 4 00 2,890 $699,000 $242 Averages 2,890 $699,000 $242 Comparative Market Analysis 3287 South Indiana Street, Lakewood, Colorado 80228 David Kirilchuk Cell: 7208400400 14
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.
at Keller Williams Integrity
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.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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.
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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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.
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.
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.
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
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.
TIME ON MARKET (IN WEEKS) ACTIVITY 1 2 3 4 5 6
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.
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