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MarComparativeketAnalysis 8767 Bross Street, Arvada, Colorado 80007 Adam Rosen and Scott Mulligan AUGUST 24, 2022 Kyle Gephart
Online Valuation Analysis How accurate are Zestimates? 12.0% $99,401 Zestimates varied up to 12.0% or $99,401 compared to actual MLS prices. A ADDRESS PRICE ZESTIMATE DIFFERENCE 8833 Crestone Street $824,999 $924,400 12 0% P ADDRESS PRICE ZESTIMATE DIFFERENCE 8863 Dunraven Street $799,000 $790,908 1.0% Source: Zillow 1 Active 1 Pending Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 3
8767 Bross St, Arvada, CO 80007-7338, Jefferson County Expired Listing APN: 464183 CLIP: 8815590889 MLS Beds 5 MLS Full Baths 2 Half Baths N/A Sale Price $674,900 Sale Date 09/23/2020 MLS Sq Ft 3,588 Lot Sq Ft 10,080 Yr Built 2019 Type SFR OWNER INFORMATION Owner Name Rosen Adam Mailing Zip 80007 Owner Name 2 Mulligan Scott Mailing ZIP 4 7338 Mailing Address 8767 Bross St Mailing Carrier Route R009 Mailing City & State Arvada, CO Owner Occupied Yes LOCATION INFORMATION Property Zip 80007 Census Tract 98 37 Property Zip4 7338 Neighborhood Code Candelas, Leyden Rock, Wild Gr 5 011 Property Carrier Route R009 Township 02 School District Jefferson County R 1 Range 70 Elementary School Three Creeks K 8 Section 27 Middle School Bell Quarter NE High School Ralston Valley Block 12 Subdivision Leyden Rock Sub Flg 6 Lot 10 TAX INFORMATION PIN 464183 % Improved 81% Alternate PIN 20 271 14 011 Tax District 1214 Schedule Number 464183 Legal Description SECTION 27 TOWNSHIP 02 RANG E 70 QTR NE SUBDIVISIONCD 469 995 SUBDIVISIONNAME LEYDEN ROCK SUB FLG NO 6 BLOCK 012 LOT 0010 SIZE: 10080 TRACT VAL UE: 231 ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $115,474 $132,224 $132,224 Market Value Improved $483,304 $436,650 $436,650 Market Value Total $598,778 $568,874 $568,874 Assessed Value Land $8,256 $9,454 $9,454 Assessed Value Improved $34,556 $31,220 $31,220 Assessed Value Total $42,812 $40,674 $40,674 YOY Assessed Change (%) 5 26% 0% YOY Assessed Change ($) $2,138 $0 Tax Year Total Tax Change ($) Change (%) 2019 $6,331 2020 $6,384 $53 0.84% 2021 $6,797 $413 6 47% CHARACTERISTICS Lot Acres 0 2314 Bedrooms Tax: 4 MLS: 5 Lot Sq Ft 10,080 Baths Total Tax: 5 MLS: 3 Land Use CoreLogic SFR MLS Total Baths 3 Building Type Single Family Baths Full Tax: 5 MLS: 2 Style Ranch Stories 1 Year Built 2019 Fireplace Y Bldg Sq Ft Above Ground 1,987 Fireplaces 1 Bldg Sq Ft Basement 1,946 Cooling Type Central & Unit Bldg Sq Ft Unfinished Basement 1,946 Heat Type Forced Air Bldg Sq Ft Total 3,933 Garage Type Attached Garage Bldg Sq Ft Finished Tax: 1,987 MLS: 3,588 Garage Capacity MLS: 3 Bldg Sq Ft 1st Floor 1,987 Garage Sq Ft 688 Basement Type Tax: Basement MLS: Slab Quality Good Property Details Courtesy of Kyle Gephart, REcolorado Generated on:08/24/22 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
# Buildings 1 FEATURES Feature Type Size/Qty Covered Porch 96 Covered Porch 78 Attached Garage 688 First Floor 1,987 Basement Total 1,946 SELL SCORE Value As Of 2022 08 22 17:59:00 LISTING INFORMATION MLS Listing Id 7035864 MLS Current Price $870,000 MLS Days On Market 3 MLS Original List Price $870,000 MLS Source REcolorado MLS Listing Contract Date 02/17/2022 MLS Status Expired MLS List Office Name COMPASS DENVER MLS Status Change Date 07/14/2022 MLS List Agent Full Name 55045141 Elizabeth Confalone MLS Listing # 3021190 1699425 MLS Source History REcolorado REcolorado MLS Status Closed Closed MLS Listing Price $674,900 $590,000 MLS Orig Listing Price $674,900 $683,158 MLS Listing Close Price $674,900 $590,000 MLS Listing Date 08/14/2020 07/06/2018 MLS Close Date 09/23/2020 03/11/2019 LAST MARKET SALE & SALES HISTORY Sale Date 09/23/2020 Deed Type Warranty Deed Sale Price $674,900 Owner Name Rosen Adam Price per SqFt Finished $339 66 Owner Name 2 Mulligan Scott Document Number 122478 Seller Barnes Geoffrey D & Gina M Sale Date 09/23/2020 03/11/2019 Sale Price $674,900 $590,000 Buyer Rosen Adam Barnes Geoffrey D & Gina M Buyer Mulligan Scott Barnes Gina M Seller Barnes Geoffrey D & Gina M Melody Hms Inc Document Number 122478 18756 Document Type Warranty Deed Special Warranty Deed Title Company Indecomm Global Svcs Heritage Title Co. MORTGAGE HISTORY Mortgage Date 09/24/2020 03/24/2020 03/12/2019 Mortgage Amount $483,900 $508,000 $501,500 Mortgage Lender Fairway Independent Mtg Corp United Wholesale Mtg Dhi Mtg Co Ltd Borrower Rosen Adam Barnes Gina M Barnes Geoffrey D Borrower Mulligan Scott Barnes Geoffrey D Barnes Gina M Mortgage Type Conventional Conventional Mortgage Purpose Construction Refi 1st Time Sale Mortgage Term 30 30 30 Mortgage Term Years Years Years Title Company Other Property Details Courtesy of Kyle Gephart, REcolorado Generated on:08/24/22 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 Kyle Gephart, REcolorado Generated on:08/24/22 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
Map of Comparable Listings STATUS: A = ACTIVE P = PENDING MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 8767 Bross St 5 2.00 3,588 2 9415526 A 8833 Crestone Street 4 3.00 3,336 $824,999 3 4618674 P 8863 Dunraven Street 4 4 00 3,500 $799,000 Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 5
8833 Crestone Street Arvada, CO 80007 MLS #9415526 $824,999 4 Beds 3.00 Baths 3,336 Sq. Ft. ($247 / sqft) ACTIVE 8/24/22 Year Built 2019 Days on market: 0 Details Prop Type: Single Family Residence County: Jefferson Subdivision: Leyden Rock Style: Traditional Full baths: 2 0 3/4 Baths: 1.0 Lot Size (sqft): 9,000 Garages: 4 List date: 8/24/22 Updated: Aug 24, 2022 2:43 AM List Price: $824,999 Orig list price: $824,999 Assoc Fee: $360 Taxes: $6,775 School District: Jefferson County R-1 High: Ralston Valley Middle: Three Creeks Elementary: Three Creeks Features Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Microwave, Oven, Range Hood, Self Cleaning Oven Association Amenities: Clubhouse, Park, Playground, Pool, Trail(s) Association Fee Frequency: Annually Association Fee Includes: Maintenance Grounds, Trash Association Name: CCMC Community Association Association Phone: 303-423-0270 Association Yn: true Basement: Bath/ Stubbed, Full, Interior Entry/Standard, Sump Pump, Unfinished Below Grade Unfinished Area: 1537.0 Builder Name: D.R. Horton, Inc Building Area Source: Public Records Common Walls: No Common Walls Construction Materials: Cement Siding, Frame, Stone Cooling: Central Air Direction Faces: East Distance To Bus Numeric: 4 Distance To Bus Units: Minutes Electric: 220 Volts Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 6
Exterior Features: Lighting, Private Yard, Rain Gutters Fencing: Full Fireplace Features: Family Room, Gas, Gas Log, Primary Bedroom Fireplaces Total: 2 Flooring: Carpet, Tile, Wood Foundation Details: Slab Furnished: Unfurnished Heating: Forced Air, Natural Gas Horse Yn: false Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, High Speed Internet, In-Law Floor Plan, Jack & Jill Bath, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Smoke Free, Utility Sink, Walk-In Closet(s), Wired for Data Irrigation Source: Sprinkler-Traveling Laundry Features: Laundry Closet Levels: Two Listing Terms: Cash, Conventional, FHA, Jumbo, VA Loan Living Area Total: 3336 Lot Features: Foothills, Irrigated, Landscaped, Level, Master Planned, Near Public Transit, Sloped, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Main Level Bedrooms: 1 Parking Features: 220 Volts, Concrete, Electric Vehicle Charging Station (s), Lighted, Oversized, Tandem Parking Total: 4 Patio And Porch: Covered, Front Porch, Patio Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: SECTION 27 TOWNSHIP 02 RANGE 70 QTR NW SUBDIVISIONCD 469995 V0009NOLESUBDIVISIONNAMEYDENROCKSUBFLG6BLOCK011LOTSIZE:9000TRACTALUE:.207 Tax Year: 2021 Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected Vegetation: Grassed Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings Zoning: PUD Remarks Immaculate, 2 story-style home in Arvada's highly sought-after Leyden Rock; a family-friendly neighborhood w/ ample green space and amazing trails! Nicely appointed covered front porch and great curb appeal! Extensive hardwood flooring and all new lighting throughout! Spacious & open living room w/ gas fireplace, ceiling fan w/ light, and loads of natural sunlight! Easy access bag drop w/ built-ins just off oversized 4 car attached garage. Garage offers 220V charging station for electric cars. On the mail level you will find 1 bedroom, a spacious study/den which offers great functionality & is the ideal space for a home office, and a convenient 3/4 bath. Large, professional chef's kitchen w/ upgraded dark brown cabinets, granite countertops, stainless steel appliances, a pantry, a large island w/ generous eating space, and access to backyard. Kitchen is open to spacious dining area. Upstairs you'll find 2 spare bedrooms, a full Jack & Jill bath, and a large primary suite w/ remarkably well done ensuite 5-piece primary bath & two large walk-in closets. No detail missed! Laundry room fits side-by-side washer and dryer w/ a wash sink and built-in shelving. Unfinished basement offers a large rec room w/ great potential. Backyard includes a covered deck, great for entertaining and summer evenings, or morning coffee! This home is adjacent to open space and a Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 7
small pocket park! Live close to the community pool w/ clubhouse, multiple parks, shopping, dining, outstanding JeffCo schools, trails, and easy access to Denver/Boulder. This home offers the best of what Leyden has to offer. You won't want to miss this one! Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 8
8833 Crestone Street Arvada, CO 80007 MLS #9415526 $824,999 4 Beds 3.00 Baths 3,336 Sq. Ft. ($247 / sqft) ACTIVE 8/24/22 Year Built 2019 Days on market: 0 Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 9
8863 Dunraven Street Arvada, CO 80007 MLS #4618674 $799,000 4 Beds 4.00 Baths 3,500 Sq. Ft. ($228 / sqft) PENDING 7/21/22 Year Built 2017 Days on market: 73 Details Prop Type: Single Family Residence County: Jefferson Subdivision: Leyden Rock Full baths: 3.0 3/4 Baths: 1.0 Lot Size (sqft): 10,172 Garages: 4 List date: 5/6/22 Pending date: 7/21/22 Off-market date: 7/21/22 Updated: Jul 21, 2022 11:37 AM List Price: $799,000 Orig list price: $899,900 Taxes: $6,719 School District: Jefferson County R-1 High: Ralston Valley Middle: Bell Elementary: Three Creeks Features Appliances: Convection Oven, PumpHood,HeDrDisposal,Dishwasher,DoubleOven,yer,ElectricWaterater,Microwave,RangeRefrigerator,Sump,Washer Association Amenities: Clubhouse, Park, Playground, Pool Association Fee Frequency: None Association Fee Includes: Recycling, Trash Association Name: Leyden Rock Metro District Association Phone: 303-423-0270 Association Yn: true Basement: Full Below Grade Unfinished Area: 1168 0 Builder Name: Dream Finder Homes Building Area Source: Public Records Common Walls: No Common Walls Construction Materials: Wood Siding Cooling: Central Air Direction Faces: East Electric: 220 Volts Exterior Features: Garden, Water Feature Fencing: Full Fireplace Features: Family Room, Gas, Gas Log, Outside Fireplaces Total: 2 Flooring: Carpet, Tile, Wood Foundation Details: Concrete Perimeter Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 10
With views of the Foothills, this thoughtfully designed floor plan is a ranch with loft. It has 4 bedrooms, 4 bathrooms, and a 4 CAR GARAGE! There are living spaces on all levels, perfect for families of all types and sizes. The main level is light and bright, features beautiful hardwood floors and includes a gourmet kitchen that is a chefs dream! (Stainless steel appliances, granite countertops, gas cook-top w/hood vent, pantry, soft-close cabinets, and an expansive kitchen island.)
Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007
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Kyle Gephart Cell: 720-520 4448
The main level primary suite includes a luxurious 5-piece bath w/soaking tub & large walk-in closet that conveniently leads to the laundry room. One additional bedroom that can be used as an office & bath round out the main level. Upstairs, youll find an extra large loft, ideal as a game room, a spacious bedroom w/walk-in closet & another bath, making this space its own private sanctuary. The basement is HUGE, partially finished (approx 1,100 sq ft) with another bed & bath and a bonus room that could be an office or game room. There's plenty of storage space in the 700+ sq feet of unfinished space. The backyard includes a patio with a gas fireplace, waterfall/fountain, and plenty of space for the kids to play. Other cool features include 2 hoists, a gas line, and epoxy floor in the garage, 2 storage sheds (1 w/ electrical), security system, generator, raised gardening beds w/ separate drip line, and additional access to the attic from the loft. Seller has had pre-sale inspection completed & is available in supplemental documents. Don't miss out on this beautiful home!
Heating: Forced Air, Natural Gas Horse Yn: false Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, High Speed Internet, In-Law Floor Plan, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Smoke Free, Walk-In Closet(s) Levels: Two Listing Terms: Cash, Conventional, FHA, Jumbo, VA Loan Living Area Total: 3500 Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Features: Concrete, Dry Walled, Exterior Access Door, Finished, Floor Coating, Insulated, Lift, Lighted, Tandem Parking Total: 4 Patio And Porch: Covered Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s), Smart Cameras, Smoke Detector(s), Video Doorbell Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: SECTION 22 TOWNSHIP 02 RANGE 70 QTR SW SUBDIVISIONCD 469995 V0009NOLESUBDIVISIONNAMEYDENROCKSUBFLG6BLOCK008LOTSIZE:10172TRACTALUE:.234 Tax Year: 2020 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings, Window Treatments Remarks
8863 Dunraven Street Arvada, CO 80007 MLS #4618674 $799,000 4 Beds 4.00 Baths 3,500 Sq. Ft. ($228 / sqft) PENDING 7/21/22 Year Built 2017 Days on market: 73 Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 12
Comparable Property Statistics A 1 Active Listings P 1 Pending Listings LOWEST $824,999 AVERAGE $824,999 HIGH $824,999 AVG PRICE / SQFT $247 AVG DOM LOWEST $799,000 AVERAGE $799,000 HIGH $799,000 AVG PRICE / SQFT $228 AVG DOM 73 Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 13
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 8833 Crestone Street 4 3.00 3,336 $824,999 $247 Averages 3,336 $824,999 $247 P PENDING LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 8863 Dunraven Street 4 4 00 3,500 $799,000 $228 Averages 3,500 $799,000 $228 Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 14
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
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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.
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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 PRICINGINTELLIGENT&TIMING
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.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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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.
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.
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. (IN
WEEKS) ACTIVITY 1 2 3 4 5 6
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TIME ON MARKET
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.
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.
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. Comparative Market Analysis 8767 Bross Street, Arvada, Colorado 80007 Kyle Gephart Cell: 720-520 4448 16
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