5280 Tennyson St - Active Market Analysis - Shahab

Page 1

Comparative Market Analysis 5280 Tennyson St Denver, CO 80212 Active Market Analysis for Shahab5280 Tennyson Street SEPTEMBER 28, 2023 Cody Smetzer | cody@elitehomepartnersco.com

5280 Tennyson St, Denver, CO 80212-4046, Adams County Expired Listing

APN: R0105282 CLIP: 3156167158

MLS Beds 4 MLS Full Baths 1 Half Baths N/A Sale Price $450,000 Sale Date 03/08/2021 MLS Sq Ft 1,496 Lot Sq Ft 6,500 MLS Yr Built 1954 Type SFR OWNER INFORMATION Owner Name Kordouni Shahab Mailing Zip 80212 Owner Name 2 Kordouni Fatemeh Mailing ZIP 4 4046 Mailing Address 5280 Tennyson St Mailing Carrier Route C054 Mailing City & State Denver, CO Owner Occupied Yes LOCATION INFORMATION Property Zip 80212 Census Tract 97 51 Property Zip4 4046 Neighborhood Code Unincorporated Adams-200 Property Carrier Route C054 Township 03S School District Westminster Pub Schl Range 68W Elementary School Tennyson Knolls Section 18 Middle School Scott Carpenter Quarter NE High School Westminster Block 8 Subdivision Berkeley Gardens Lot 5 Zoning R-2 Within 250 Feet of Multiple Flood Z one No ASSESSMENT & TAX Assessment Year 2023 - Preliminary 2022 2021 2020 Market Value - Land $118,000 $118,000 $118,000 $118,000 Market Value - Improved $411,000 $312,802 $312,802 $167,000 Market Value - Total $529,000 $430,802 $430,802 $285,000 Assessed Value - Land $7,980 $8,200 $8,440 $8,440 Assessed Value - Improved $27,800 $21,740 $22,370 $11,940 Assessed Value - Total $35,780 $29,940 $30,810 $20,380 YOY Assessed Change (%) 19 51% -2 82% 51 18% YOY Assessed Change ($) $5,840 -$870 $10,430 Tax Year Total Tax Change ($) Change (%) 2020 $1,627 2021 $3,750 $2,123 130 45% 2022 $4,597 $846 22 57% CHARACTERISTICS Lot Frontage 50 Total Rooms 7 Lot Depth 130 Bedrooms Tax: 3 MLS: 4 Lot Acres 0 1492 Baths - Total 2 Lot Sq Ft 6,500 MLS Total Baths 2 Land Use - County Single Family Resid Baths - Full Tax: 2 MLS: 1 Land Use - CoreLogic SFR Stories Tax: 1 MLS: 2 Building Type Residential Cooling Type Central Style Bi-Level Heat Type Forced Air Year Built 1954 Roof Material Composition Shingle Bldg Sq Ft - Above Ground 1,496 Construction Frame Bldg Sq Ft - Total 1,496 Exterior Frame Bldg Sq Ft - Finished 1,496 Quality Fair Bldg Sq Ft - 1st Floor 1,496 Equipment Ssk, Whe # Buildings 1 Property Details Courtesy of Cody Smetzer, REcolorado Generated on:09/28/23 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 1/1

Map of Comparable Listings

STATUS: A = ACTIVE P = PENDING S = CLOSED X = EXPIRED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 5280 Tennyson St 3 2.00 1,4502 8321648 A 4651 W 52nd Avenue 4 2.00 1,804 $675,089 3 9055585 P 4122 W 49th Avenue 3 3.00 1,319 $599,000 4 6753765 S 4237 W 52nd Avenue 3 3.00 2,107 $613,400 5 6417241 X 5133 N Quitman Street 5 3.00 1,920 $650,000 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212 Cody Smetzer 7202023941

$675,089

Details

Prop Type: Single Family

Residence

County: Adams

Subdivision: Unincorporated

Adams-200

Full baths: 2.0

Features

Appliances: Range, Refrigerator

Association Yn: false

Basement: Crawl Space, Finished, Walk-Out Access

Building Area Source: Public

Records

Construction Materials: Brick,

Frame

Cooling: Central Air

Fencing: Full

Heating: Forced Air

Lot Size (sqft): 11,326

Garages: 2

List date: 6/17/23

Updated: Sep 23, 2023 4:05

AM

List Price: $675,089

Orig list price: $725,000

Taxes: $3,699

School District: Westminster Public Schools

High: Westminster

Middle: Scott Carpenter

Elementary: Tennyson Knolls

Levels: Two

Listing Terms: Cash, Conventional, FHA, Other, VA Loan

Living Area Total: 1804

Parking Features: Heated

Garage

Parking Total: 2

Property Condition: Fixer

Road Frontage Type: Public Road

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: SECT, TWN, RNG:18-3-68 DESC:

PARC IN SE4 NW4 SEC 18

DESC BEG 30 FT N AND 786/

9 FT W OF SE COR TH W 75

FT TH N 150 FT TH E 75 FT

TH S 150 FT TO POB 0/26A

Tax Year: 2022

Utilities: Electricity Available, Electricity Connected

Virtual Tour: View

Zoning: A-1

W
80212
4651
52nd Avenue Denver, CO
MLS #8321648
4 Beds 2.00 Baths 1,804 Sq. Ft. ($374 / sqft) ACTIVE 6/17/23 Year Built 1955 Days on market: 98
Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
Cody Smetzer 7202023941

Remarks

DEVELOPERS, INVESTORS, BUILDERS, REALTORS! REDEVELOPMENT OPPORTUNITY!! OH My would you look at that lot! Across from the Willis Case Golf Course! Near the wellknown Regis University and Mountain State Recreation! Redevelopment all around! Bring your offer, ready to buy!

2 meters from Xcel Energy, currently has an apartment in the basement with separate access. Call the zoning department for more info on what can be built/put on this property. Buyer to verify all property specifications and inclusions. Zoning info was taken off of public records and the seller and seller agent are not responsible for any zoning information provided here.

ALL INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED AND THE BUYER AND BUYER'S AGENT ARE TO VERIFY ALL INFORMATION INCLUDING FHA/VA/LENDER ELIGIBILITY, TAXES, SCHOOLS, SQ FT, LOT ETC. PLEASE SUBMIT THE LENDER LETTER OR POF WITH ANY OFFER. THANK YOU FOR SHOWING! Seller is offering a rate buy-down credit of $12,440 or a price reduction just reduced to $700k. Please contact Bob Myers our preferred lender for any questions on rate buy down,

Courtesy of HomeSmart

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
4651 W 52nd Avenue Denver, CO 80212 MLS #8321648 $675,089 4 Beds 2.00 Baths 1,804 Sq. Ft. ($374 / sqft) ACTIVE 6/17/23 Year Built 1955 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212 Cody Smetzer 7202023941

Details

Prop Type: Single Family

Residence

County: Denver

Subdivision: Berkeley

Style: Bungalow

Full baths: 1.0

Features

Appliances: Dishwasher, Disposal, Freezer, Microwave, Oven, Refrigerator, Self Cleaning Oven

Association Yn: false

Basement: Crawl Space, Exterior Entry, Finished, Full Building Area Source: Listor

Measured

Construction Materials:

Stucco

Cooling: Central Air

Direction Faces: North

3/4 Baths: 2.0

Lot Size (sqft): 2,350

List date: 9/15/23

Pending date: 9/15/23

Off-market date: 9/15/23

Updated: Sep 16, 2023 2:22 AM

List Price: $599,000

Orig list price: $599,000

Taxes: $1,859

School District: Denver 1

High: North

Middle: Strive Sunnyside

Elementary: Centennial

Exterior Features: Dog Run, Garden, Lighting, Private Yard, Rain Gutters

Fencing: Full

Flooring: Laminate

Foundation Details: Concrete Perimeter

Furnished: Unfurnished

Heating: Forced Air

Interior Features: Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, Smoke Free, Vaulted Ceiling(s)

Laundry Features: In Unit, Laundry Closet

Levels: Two

Listing Terms: 1031

Exchange, Cash, Conventional, FHA, Jumbo, Other, Private Financing Available, Qualified Assumption, USDA Loan, VA Loan

Living Area Total: 1319

Lot Features: Corner Lot, Near Public Transit

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Features: DrivewayGravel

4122 W 49th Avenue Denver, CO 80212
3 Beds 3.00 Baths 1,319 Sq. Ft. ($454 / sqft)
9/15/23 Year Built 1924 Days on market: 0
MLS #9055585 $599,000
PENDING
Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
Cody Smetzer 7202023941

Parking Total: 2

Patio And Porch: Front Porch

Pets Allowed: Yes

Property Condition: Updated/

Remodeled

Road Frontage Type: Public Road

Remarks

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Architectural Shingles

Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: BERKELEY B75 E55FT OF L1 & 2 EXC REAR 8FT TO CITY

Tax Year: 2022

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available, Phone Available

Water Source: Public

Window Features: Double Pane Windows

Zoning: U-SU-C

Step into the elegance of this fully updated Berkeley Bungalow, where charm meets modern beauty. This thoughtfully designed 3-bedroom, 3-bathroom home welcomes you with an inviting ambiance. The living room exudes warmth, while the open-concept kitchen boasts stunning finishes blending style and functionality. Every detail of this home has been carefully considered to optimize space and enhance the overall flow. Beyond its attractive aesthetics, the house offers a seamless living experience.

Courtesy of Five Four Real Estate, LLC Information is deemed reliable but not guaranteed.

Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
4122 W 49th Avenue Denver, CO 80212 MLS #9055585 $599,000 3 Beds 3.00 Baths 1,319 Sq. Ft. ($454 / sqft) PENDING 9/15/23 Year Built 1924 Days on market: 0 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
7202023941
Cody Smetzer

Details

Prop Type: Single Family

Residence

County: Adams

Subdivision: Berkeley Gardens

Style: Spanish/SW

Full baths: 2.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Oven, Refrigerator, Washer

Association Yn: false

Building Area Source: Public

Records

Concessions: Buyer Closing

Costs/Seller Points Paid

Concessions

Amount: 18400

Construction Materials: Stucco

Half baths: 1.0

Lot Size (sqft): 17,290

Garages: 3

List date: 7/22/22

Sold date: 9/8/23

Off-market date: 8/13/23

Updated: Sep 11, 2023 7:50 AM

List Price: $649,900

Orig list price: $1,250,000

Taxes: $3,401

School District: Westminster Public Schools

High: Westminster

Middle: Scott Carpenter

Elementary: Tennyson Knolls

Cooling: Air ConditioningRoom

Current Use: Live/Work

Direction Faces: South

Distance To Bus Numeric: 1

Distance To Bus Units: Blocks

Electric: 110V, 220 Volts

Exterior Features: Garden, Private Yard

Fencing: Partial

Fireplace Features: Electric, Living Room

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

Horse Yn: false

Interior Features: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Smoke Free

Laundry Features: In Unit

Levels: Two

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

Living Area Total: 2107

Lot Features: Corner Lot, Landscaped, Near Public Transit, Subdividable

Main Level Bathrooms: 3

Main Level Bedrooms: 1

Parking Features: Concrete, Exterior Access Door, Storage

Parking Total: 8

Patio And Porch: Deck, Front Porch

Road Frontage Type: Public Road

3 Beds 3.00 Baths 2,107 Sq. Ft. ($291 / sqft) CLOSED 9/8/23 Year Built 1936 Days on market: 387
4237 W 52nd Avenue Denver, CO 80212 MLS #6753765 $613,400
Comparative
Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
Cody

Road Responsibility: Public

Maintained Road

Road Surface Type: Paved

Roof: Membrane

Security Features: Carbon Monoxide Detector(s), Security Entrance, Smoke Detector(s)

Remarks

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description:

SUB:BERKELEY GARDENS

BLK:7 DESC: LOTS 25 TO 29 INC

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Phone Connected

Vegetation: Mixed

View: Mountain(s)

Virtual Tour: View

Water Source: Public

Window Features: Skylight(s), Window Coverings

Zoning: R-2

Unique and Charming home on a huge lot! Over 17,290 square feet already zoned R-2. Adams County has looked favorably on this site for a side-by-side 4 plex. Second and third floors would have stunning views of the front range. Live in or rent it while plans are being finalized. There is a ton of equity for your builder or developer! Minutes to downtown, I-70, I-76 or I-25, light rail and bus. Walk to the vibrant Tennyson Street dining, shopping, art galleries, parks and Willis Case Golf Course! Buyers to do their own diligence.

Courtesy of RE/MAX PROFESSIONALS

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
4237 W 52nd Avenue Denver, CO 80212 MLS #6753765 $613,400 3 Beds 3.00 Baths 2,107 Sq. Ft. ($291 / sqft) 9/8/23 Year Built 1936 Days on market: 387 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
Smetzer 7202023941
Cody

N

Street

Details

Prop Type: Single Family

Residence

County: Denver

Subdivision: Regis

Style: Contemporary

Full baths: 2.0

Features

Appliances: Dishwasher, Gas

Water Heater, Range, Range

Hood, Refrigerator

Association Yn: false

Basement: Crawl Space

Building Area Source: Public

Records

Construction Materials:

Block, Frame, Vinyl Siding

Cooling: Evaporative Cooling

Direction Faces: East

Electric: 220 Volts

3/4 Baths: 1.0

Lot Size (sqft): 6,650

List date: 6/7/23

Off-market date: 6/14/23

Updated: Jul 31, 2023 6:10 PM

List Price: $650,000

Orig list price: $650,000

Taxes: $2,746

School District: Denver 1

High: North

Middle: Strive Sunnyside

Elementary: Centennial

Fencing: None

Fireplace Features: Living Room

Flooring: Carpet, Laminate, Tile

Foundation Details: Block, Concrete Perimeter

Heating: Electric, Forced Air, Natural Gas

Laundry Features: Laundry Closet

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1920

Lot Features: Level

Main Level Bathrooms: 1

Main Level Bedrooms: 2

Parking Features: DrivewayGravel

Parking Total: 4

Patio And Porch: Deck, Patio

Property Condition: Fixer

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Architectural Shingles

Security Features: Carbon Monoxide Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

5 Beds 3.00 Baths 1,920 Sq. Ft. ($339 / sqft) EXPIRED 6/7/23 Year Built 1949 Days on market: 7
5133
Quitman
Denver, CO 80212 MLS #6417241 $650,000
Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
Cody Smetzer 7202023941

Tax Legal Description:

BERKELEY B182 L32 & 33

Tax Year: 2022

Remarks

Utilities: Cable Available, Electricity Connected, Natural Gas Connected

View: Mountain(s)

Water Source: Public

Zoning: U-SU-C

Ready for your imagination to fix it up for your family, or keep it as a rental. Ideal rental to tenants from Regis University, only 5 blocks away. $2995.00 monthly rent last year, probably low. 5 bedrooms and 3 baths. Newer siding and roof. Updated electrical panel, and some plumbing. Double pane windows. New gas forced air high efficency furnace. Great block and area. Mountain view from the upper windows. Add a deck off it? Parking in the front, and a space in the rear off the alley. Near Tennyson shops. bars and restaurants. Terrific location. 10 minutes to downtown, and RiNo, Willis Case Golf Course, Berkeley Lake, Rocky Mountain Lake, Clear Creek, Lowell Ponds State Wildlife Area, and Clear Creek Pickelball courts nearby. Sold "AS IS". The wall on the North property line is leaning over. I have a bid for between $40,000 and $50,000. Low price reflects it.

Courtesy of REALNET CO

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
5133 N Quitman Street Denver, CO 80212 MLS #6417241 $650,000 5 Beds 3.00 Baths 1,920 Sq. Ft. ($339 / sqft) EXPIRED 6/7/23 Year Built 1949 Days on market: 7 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212 Cody Smetzer 7202023941

Comparable Property Statistics

A 1 Active Listings P 1 Pending Listings S 1 Sold Listings X 1 Expired Listings LOWEST $675,089 AVERAGE $675,089 HIGH $675,089 AVG PRICE / SQFT $374 AVG DOM 98 LOWEST $599,000 AVERAGE $599,000 HIGH $599,000 AVG PRICE / SQFT $454 AVG DOM LOWEST $613,400 AVERAGE $613,400 HIGH $613,400 AVG PRICE / SQFT $291 AVG DOM 387 LOWEST $650,000 AVERAGE $650,000 HIGH $650,000 AVG PRICE / SQFT $339 AVG DOM 7 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212 Cody Smetzer 7202023941

Sold Property Analysis

Averages
Homes sold for an average of 49.07% of their list price. 387
It took an average of 387 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 4237 W 52nd Avenue $1,250,000 $613,400 49.07% 387 $291 Averages $1,250,000 $613,400 49.07% 387 $291 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212 Cody Smetzer 7202023941
49.07%
Days on market

Summary of Comparable Properties

Cody Smetzer 7202023941

LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 4651 W 52nd Avenue - 4 2.00 1,804 $675,089 $374 Averages 1,804 $675,089 $374
LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 4122 W 49th Avenue - 3 3.00 1,319 $599,000 $454 Averages 1,319 $599,000 $454
LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 4237 W 52nd Avenue 9/8/23 3 3.00 2,107 $613,400 $291 Averages 2,107 $613,400 $291
EXPIRED LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 5133 N Quitman Street - 5 3.00 1,920 $650,000 $339 Averages 1,920 $650,000 $339 Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
A ACTIVE
P PENDING
S SOLD
X

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

Market Value

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 comparablesother 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.

-10% -15% +15% +10% 10% 30% 60% 75% 90%

INTELLIGENT PRICING & TIMING

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

A C T I V I T Y
TIME ON MARKET (IN WEEKS) 1 2 3 4 5 6

Suggested List Price

Analysis of the comparable properties suggests a list price range of:

- $500,000

The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.

Note from Cody:

Our suggested initial listing price aims to spark multiple offers via our SOLDin65 program, which fetched sellers $72,500 above asking in Aug 2023, selling in one weekend! This range is designed to replicate this success.

$480,000
$331
Averages per Status A 1 Active $675,089 $374 / sqft 98 Days on Market P 1 Pending $599,000 $454 / sqft Days on Market S 1 Sold $613,400 $291 / sqft 387 Days on Market X 1 Expired $650,000 $339 / sqft 7 Days on Market
/ sqft - $344 / sqft Comparable
Disclaimer
Comparative Market Analysis 5280 Tennyson Street, Denver, Colorado 80212
7202023941
Cody Smetzer

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