at Keller Williams Integrity
MarkComparativeetAnalysis 2515 Larimer Street, Denver, Colorado 80205 Brendan & Kathryn Bartic AUGUST 17, 2022 Scott Brasfield The Bartic Group at Keller Williams Integrity
Contact Me Scott Brasfield The Bartic Group at Keller Williams Integrity 50 S. Steele St. Denver CO 80209 scott@thebar720-520-3113ticgroup.com Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 3
The Bartic Group at Keller Williams Integrity
The
The Bartic Group is a full service real estate agency in Denver specializing in assisting investors, individuals, and families achieve their real estate goals. Led by industry veteran Brendan Bartic, our team has fostered a culture of partnership and redefined the business of real estate. Our organization of Colorado Realtors share knowledge, spheres of influence, contacts and expertise, ensuring our clients receive better representation and a true competitive edge. As a continuous trend setter in the industry, our Denver real estate agency is ranked in the top 1% of all Keller Williams Teams Internationally. Our team of partners represent buyers, sellers, and investors in all areas of real estate. When selling your home in Colorado, we will work to get you top dollar with minimum time on the market. Our Colorado Realtors have a proven track record of presenting our clients with offers over their asking price in a matter of days! When working with buyers we use our experience and industry relationships to get you the best value possible for your dream home. Our real estate agency in Denver is a team, and we recognize and value the trust our clients place in us and strive every day to exceed their expectations. Brasfield Bartic Group at Keller Williams Integrity scott@thebar720-520-3113ticgroup.com
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Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott
Single-Family Homes Denver, CO Re al-Time Marke t Profile Median List Price $694,750 Median Price of New Listings $685,000 Per Square Foot $369 Average Days on Market 37 Median Days on Market 21 Price Decreased 51% Price Increased 3% Relisted 5% Inventory 978 Median Rent $2,800 Market Action 61 Strong Seller's Market The Ba rtic Grou p's Ma rk et Report www.TheBarticGroup.com This week the median list price for Denver, CO is $694,750 with the market action index hovering around 61 This is less than last month's market action index of 73. Inventory has increased to 978 Marke t Act ion I n d e x This answers “How’s the Market?” by comparing rate of sales versus inventory Buyer'sMarket Seller'sMarket 010 20 30 40 50 60 70 80 90100Today61LastMonth Strong Seller's Market The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer ’s zone Watch for a persistent up turn in Market Action to signal prices rising again. Marke t Segme n ts Each segment below represents approximately 25% of the market ordered by price. Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $1,497,000 3,696 4,500 6,500 sqft 4 4 45 45 34 28 $798,000 2,154 4,500 6,500 sqft 4 2 71 41 43 28 $600,000 1,938 6,500 8,000 sqft 3 2 67 41 42 28 $475,000 1,300 6,500 8,000 sqft 3 2 67 51 61 212 of 6Wed Aug 17 2022
Single-Family Homes Denver, CO The Ba rtic Grou p's Ma rk et Report www.TheBarticGroup.com Me d ian List Price The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 7-Day Average 90-Day Average Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 $850K$800K$750K$700K$650K$600K$550K$500K Segme n ts Price weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the market. Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 $500K$0$1.0M$1.5M$2.0M$2.5M 3 of 6Wed Aug 17 2022
Single-Family Homes Denver, CO The Ba rtic Grou p's Ma rk et Report www.TheBarticGroup.com Price Pe r Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details. 7-Day Average 90-Day Average Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 $425$400$375$350$325$300$275 I n ve n tory Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 7-Day Average 90-Day Average Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 75050025001K1K2K 4 of 6Wed Aug 17 2022
Single-Family Homes Denver, CO The Ba rtic Grou p's Ma rk et Report www.TheBarticGroup.com Marke t Act ion I n d e x The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer ’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. 7-Day Average 90-Day Average Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 12010080604020 Marke t Act ion Segme n ts
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Single-Family Homes Denver, CO The Ba rtic Grou p's Ma rk et Report www.TheBarticGroup.com Me d ian Days on Marke t (DO M) The properties have been on the market for an average of 27 days. Half of the listings have come newly on the market in the past 15 or so days. Watch the 90-day DOM trend for signals of a changing market. 7-Day Average 90-Day Average Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 806040200 Segme n ts It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Aug 2019 Jan 2020 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 1251007550250 6 of 6Wed Aug 17 2022
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 Scott Brasfield, 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 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 Scott Brasfield, 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 Scott Brasfield, 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
Map of Comparable Listings STATUS: A = ACTIVE P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 2515 Larimer St 2 3.00 1,6742 9006627 A 2245 Blake Street D 2 3.00 2,323 $895,000 3 5650078 A 777 28th Street 3 4.00 2,268 $1,075,000 4 6307909 P 1085 25th Street 3 4.00 1,867 $959,000 5 7519370 S 2551 Larimer Street 3 3.00 1,660 $840,000 6 2018985 S 1055 25th Street 3 4.00 1,889 $849,000 7 9274560 S 1065 25th Street 3 4.00 1,867 $855,270 8 3968402 S 2715 Blake Street 5 2 2.00 1,831 $885,000 9 6308962 S 722 25th Street 4 4.00 1,808 $985,000 10 2975508 S 1075 25th Street 3 4.00 1,867 $924,000 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 7
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2245 Blake Street D 2 3.00 2,323 $895,000 $385 777 28th Street 3 4.00 2,268 $1,075,000 $474 Averages 2,295 $985,000 $430 P PENDING LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 1085 25th Street 3 4.00 1,867 $959,000 $514 Averages 1,867 $959,000 $514 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2551 Larimer Street 4/22/22 3 3.00 1,660 $840,000 $506 1055 25th Street 6/1/22 3 4.00 1,889 $849,000 $449 1065 25th Street 7/20/22 3 4.00 1,867 $855,270 $458 2715 Blake Street 5 5/13/22 2 2.00 1,831 $885,000 $483 722 25th Street 4/8/22 4 4.00 1,808 $985,000 $545 1075 25th Street 8/12/22 3 4.00 1,867 $924,000 $495 Averages 1,820 $889,711 $489 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 8
Listings Scott Brasfield The Bartic Group at Keller Williams Integrity
2245 Blake Street D Denver, CO 80205 $895,000 ACTIVE 4/27/22 Details Prop Type: Multi-Family County: Denver Subdivision: Ball Park Lofts Style: Loft Full baths: 2.0 Half baths: 1.0 Lot Size (sqft): Garages: 1 List date: 4/27/22 Updated: Apr 28, 2022 2:20 AM Assoc Fee: $1,003 Taxes: $4,181 School District: Denver 1 Elementary: Whittier E-8 Features Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Trash Compactor Association Amenities: Elevator(s), Fitness Center Association Fee Frequency: Monthly Association Fee Includes: Gas, Heat, Insurance, Internet, Irrigation Water, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water Association Name: The 2245 Blake St Condos Association Phone: 720-633-9722 Association Yn: true Building Area Source: Public Records Building Name: Ball Park Lofts Construction Materials: Brick Cooling: Central Air Direction Faces: West Flooring: Vinyl Heating: Forced Air Interior Features: Ceiling Fan(s), Elevator, Five Piece Bath, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s) Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional Living Area Total: 2323 Main Level Bathrooms: 2 Main Level Bedrooms: 1 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 10
Parking Features: Underground Parking Total: 1 Pets Allowed: Cats OK, Dogs OK Property Condition: Updated/Remodeled Road Surface Type: Paved Roof: Unknown Security Features: Carbon Monoxide Detector(s), Secured Garage/Parking, Security Entrance, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Mid Rise (4-7) Tax Legal Description: LOFTS AT 2245 BLAKE STREET U-D PRK-N/A Tax Year: 2021 Utilities: Cable Available View: Mountain(s) Virtual Tour: View Water Source: Public Zoning: PUD Remarks Remarkable Ball Park loft - Incredible mountain views with tons of space! Renovated with new vinyl/wood floors, new paint, new lighting and new refrigerator. Open concept floor plan, industrial feel with walls of Western facing windows. Two levels, each with its own entrance, laundry on main level. Large rooms, great storage, pantry, exposed brick. Building has a small fitness room, easy access to everything in Lodo... walk to the Rockies Game! Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 11
2245 Blake Street D Denver, CO 80205 MLS #9006627 $895,000 2 Beds 3.00 Baths 2,323 Sq. Ft. ($385 / sqft) ACTIVE 4/27/22 Year Built 2000 Days on market: 1 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 12
777 28th Street Denver, CO 80205 MLS #5650078 $1,075,000 3 Beds 4.00 Baths 2,268 Sq. Ft. ($474 / sqft) ACTIVE 8/11/22 Year Built 2006 Days on market: 6 Details Prop Type: Multi-Family County: Denver Subdivision: Curtis Park Style: Urban Contemporary Full baths: 3.0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 8/11/22 Updated: Aug 10, 2022 7:15 PM List Price: $1,075,000 Orig list price: $1,075,000 Taxes: $3,976 School District: Denver 1 High: East Middle: Wyatt Elementary: Gilpin Features Appliances: Bar Fridge, Dryer, Microwave, Smart Appliances, Washer, Wine Cooler Association Yn: false Building Area Source: Public Records Construction Materials: Frame, Stucco Cooling: Central Air Fireplace Features: Family Room, Outside Fireplaces Total: 1 Heating: Forced Air Levels: Three Or More Listing Terms: 1031 Exchange, Cash, Conventional, FHA Living Area Total: 2268 Main Level Bathrooms: 1 Parking Total: 2 Roof: Other Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: HUNTERS ADD BLK 68 PT L14-16 CASE AND EBERTS ADD B 10 PT L14-16 DAF BEG WLY L16 SD B 10 SWLY 51.73F TO TPOB SELY 20.33 FT NELY 75.18FT NWLY 20.33FT SWLY 75.18FT TO TPOB Tax Year: 2021 Water Source: Public Zoning: U-RH-2.5 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 13
Remarks Newly updated Row-home in Curtis Park neighborhood. Three ensuite bedrooms each with their own bath, attached twocar garage, open main floor living space with gas fireplace, open concept kitchen with all new appliances, main floor 1/2 bath. Enjoy city views from the private rooftop deck with private wet bar. Near light rail, bus, and all things Ballpark, RiNo, Downtown, located within Curtis Park Historic District. Sellers have made this property perfect for the next owner. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 14
777 28th Street Denver, CO 80205 MLS #5650078 $1,075,000 3 Beds 4.00 Baths 2,268 Sq. Ft. ($474 / sqft) ACTIVE 8/11/22 Year Built 2006 Days on market: 6 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 15
1085 25th Street Denver, CO 80205 $959,000 PENDING 8/15/22 Details Prop Type: Multi-Family County: Denver Subdivision: Curtis Park Style: Urban Contemporary Full baths: 2.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 1,306 Garages: 1 List date: 8/11/22 Pending date: 8/15/22 Off-market date: 8/15/22 Orig list price: $959,000 Taxes: $1 School District: Denver 1 Features Association Yn: false Basement: Daylight Building Area Source: Builder Construction Materials: Concrete, Frame Cooling: Central Air Exterior Features: Balcony, Garden, Gas Valve, Lighting Fencing: Partial Heating: Forced Air Levels: Three Or More Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo Living Area Total: 1867 Main Level Bathrooms: 1 Number Of Units Total: 5 Parking Total: 1 Patio And Porch: Covered, Deck, Front Porch, Patio, Rooftop Property Condition: New Construction Road Frontage Type: Public Road Road Surface Type: Paved Roof: Membrane Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: PIERCES ADD BLK88 PT OF L21 & 22 COM NW COR L21 S44.0007EN44.5925E50.12FT76.17FT TPOB S45.0007E N44.5953EN45.007W*S44.5953WN45.0007WS44.5847WS45.0007ES44.5953W7.82F17.88FTT39.38FT9.69FT39.38F32.61FT17.88FT50.12FTTPOB Tax Year: 2022 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 16
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott
Virtual Tour: View Remarks Brand new, charming Brownstone located in the heart of historic Curtis Park, two blocks from RINO, Denvers most vibrant retail corridors. This all brick front facade, 3 bedroom, 3.5 bathroom home features a massive roof deck and a 1 car detached garage. The home is designed reminiscent of a classic Denver Brownstone with all of the modern amenities for today's lifestyle. The main level consists of a family room, chefs kitchen, dining room with powder and a private balcony with additional outdoor space. Upstairs, you will find the primary suite with a generous walk-in closet, 4 piece primary bath, along with a secondary bedroom and bathroom. Enjoy the private roof deck spanning the entire unit with beautiful mountain and city views. The lower level can be perfect for guests or roommates as it includes a second family/rec room, full wet bar with space for a wine fridge/beverage center and the third bedroom with an en-suite bathroom and large closet. This home combines classic, unique architecture with high end interior finishes, all within one of the most sought after locations in Denver. Last unit left! Please visit, http://108525thbrownstone.com/, for more information. Brasfield Bartic
The
Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 17
1085 25th Street Denver, CO 80205 MLS #6307909 $959,000 3 Beds 4.00 Baths 1,867 Sq. Ft. ($514 / sqft) PENDING 8/15/22 Year Built 2022 Days on market: 4 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 18
2551 Larimer Street Denver, CO 80205 MLS #7519370 3 Beds 3.00 Baths 1,660 Sq. Ft. ($506 / sqft) Year Built 2008 Days on market: 3 Prop Type: Multi-Family County: Denver Subdivision: Ballpark RiNo Curtis Park Style: Contemporary Full baths: 1.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 3/29/22 Sold date: 4/22/22 Off-market date: 4/1/22 Updated: Apr 24, 2022 4:58 PM List Price: $725,000 Orig list price: $725,000 Assoc Fee: $399 Taxes: $2,750 School District: Denver 1 High: East Middle: Wyatt Elementary: Gilpin Features Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range Hood, Refrigerator, Self Cleaning Oven, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: Advance HOA Association Phone: 303-482-2213 Association Yn: true Building Area Source: Public Records Building Name: Chroma Townhomes Common Walls: End Unit, No One Above, No One Below, 1 Common Wall Concessions: No Construction Materials: Brick, Stucco Cooling: Central Air Direction Faces: East Distance To Bus Numeric: 50 Distance To Bus Units: Feet Electric: 220 Volts Entry Location: Exterior Access Exterior Features: Balcony Fencing: Full Flooring: Carpet, Tile, Wood Foundation Details: Slab Heating: Forced Air Interior Features: Granite Counters, Kitchen Island, Open Floorplan, Primary Suite, Smoke Free, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 19
Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 1660 Lot Features: Near Public Transit Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Covered, Front Porch, Rooftop Pets Allowed: Yes Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Unknown Security Features: Carbon Monoxide Detector(s), Secured Garage/Parking, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: CASE & EBERTS ADD BLK 29 PT L17 & PLATTE ADD BLK 56 PT L29 DAF * Tax Year: 2020 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, Window Coverings, Window Treatments Zoning: R-MU-30 Remarks Incredible End Unit Townhome Located in Denver's Fabulous Curtis Park Neighborhood!!! Breathtaking Views of the City, Coors Field and Colorado's Mountain Range from the Home's Private Rooftop Deck!! Street Level Bonus/Flex Space Perfect for Live/Work Office and/or Non-Conforming Third Bedroom, Stunning Kitchen with Stainless Steel Appliances, Lovely Granite Countertops, Large Center Island, Custom Built Pantry Cabinet, and West Facing Balcony Just Off the Kitchen. Quality Urban Contemporary 3+ Level Design with Custom Open Wood Stair Design. Pride of Ownership Throughout, Beautiful Hardwood Floors, Awesome High Ceilings, and the Unit's Generously Sized East Balcony Just Off the Living Room...Perfect for Entertaining. Newer Carpet Installed on Second Level and Thoughtful Custom Interior Paint in Each Room. Master Suite Features Floor to Ceiling Windows, Walk In Closet with Custom Closet Organizers, Lovely Master Bathroom with Spacious Walk In Shower, Granite Countertops, Gorgeous Tile Flooring, Double Sinks, and Abundant Storage. The Secondary Bedroom has Private En Suite and Fantastic Natural Light. Laundry Closet to Include Washer and Dryer Conveniently Located on Second Floor Between Bedrooms. Unit Specific Attached Two Car Garage and Central A/C. Residents Enjoy Easy Access to Fabulous Neighborhood Eateries and Restaurants Just Steps Away...Central Market, Work and Class, Cart-Driver, Uchi, First Draft, Death and Co, Voice Box, Gerards Pool Hall, Matchbox, and Many More Right in the Heart of RiNo District!!! Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 20
2551 Larimer Street Denver, CO 80205 MLS #7519370 $840,000 3 Beds 3.00 Baths 1,660 Sq. Ft. ($506 / sqft) Year Built 2008 Days on market: 3 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 21
1055 25th Street Denver, CO 80205 MLS #2018985 $849,000 3 Beds 4.00 Baths 1,889 Sq. Ft. ($449 / sqft) CLOSED 6/1/22 Year Built 2022 Days on market: 0 Details Prop Type: Multi-Family County: Denver Subdivision: Curtis Park Style: Urban Contemporary Full baths: 2.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 1,306 Garages: 1 List date: 5/26/22 Sold date: 6/1/22 Off-market date: 5/26/22 Updated: Jun 3, 2022 11:56 AM List Price: $849,000 Orig list price: $849,000 Taxes: $1 School District: Denver 1 High: East Middle: Dora Moore Elementary: Denver Green Features Association Yn: false Basement: Daylight Below Grade Unfinished Area: 25.0 Building Area Source: Builder Common Walls: End Unit Concessions: No Construction Materials: Concrete, Frame Cooling: Central Air Heating: Forced Air Levels: Three Or More Listing Terms: Conventional Living Area Total: 1889 Main Level Bathrooms: 1 Number Of Units Total: 5 Parking Total: 1 Patio And Porch: Rooftop Property Condition: New Construction Road Frontage Type: Public Road Road Surface Type: Paved Roof: Membrane Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: PIERCES ADD BLK88 PT OF L21 & 22 COM NW COR L21 S44.0007EN44.5925E50.12FT76.17FT TPOB S45.0007E N44.5953EN45.007W*S44.5953WN45.0007WS44.5847WS45.0007ES44.5953W7.82F17.88FTT39.38FT9.69FT39.38F32.61FT17.88FT50.12FTTPOB Tax Year: 2022 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 22
Remarks Brand new, charming end-unit Row Home located in the heart of historic Curtis Park. Two blocks from one of Denvers most vibrant retail corridors, RINO. This all brick, 3 bedroom, 3.5 bathroom home features a full roof deck, designed to be reminiscent of a classic Denver Brownstone's with all of the modern amenities for today's lifestyle. Main level family room, kitchen, dining room with powder. Upstairs, you will find the primary suite with a generous walk-in closet, 4 piece primary bath, along with a secondary bedroom and bathroom. Spacious full roof deck spanning the entire unit has beautiful mountain and city views. The lower level can be perfect for guests or roommates. Lower level includes a second family room, full wet bar w/ combo beverage center/wine fridge and the third bedroom and bathroom.
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 23
1055 25th Street Denver, CO 80205 MLS #2018985 $849,000 3 Beds 4.00 Baths 1,889 Sq. Ft. ($449 / sqft) CLOSED 6/1/22 Year Built 2022 Days on market: 0 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 24
1065 25th Street Denver, CO 80205 MLS #9274560 $855,270 3 Beds 4.00 Baths 1,867 Sq. Ft. ($458 / sqft) CLOSED 7/20/22 Year Built 2022 Days on market: 0 Details Prop Type: Multi-Family County: Denver Subdivision: Curtis Park Style: Urban Contemporary Full baths: 2.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 1,306 List date: 6/22/22 Sold date: 7/20/22 Off-market date: 6/22/22 Updated: Jul 22, 2022 2:01 AM List Price: $855,270 Orig list price: $855,270 Taxes: $1 School District: Denver 1 High: East Middle: Dora Moore Elementary: Denver Green Features Association Yn: false Basement: Daylight Building Area Source: Builder Concessions: No Construction Materials: Concrete, Frame Cooling: Central Air Heating: Forced Air Levels: Three Or More Listing Terms: Conventional Living Area Total: 1867 Main Level Bathrooms: 1 Number Of Units Total: 5 Parking Total: 1 Patio And Porch: Patio, Rooftop Property Condition: New Construction Road Frontage Type: Public Road Road Surface Type: Paved Roof: Membrane Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: PIERCES ADD BLK88 PT OF L21 & 22 COM NW COR L21 S44.0007EN44.5925E50.12FT76.17FT TPOB S45.0007E N44.5953EN45.007W*S44.5953WN45.0007WS44.5847WS45.0007ES44.5953W7.82F17.88FTT39.38FT9.69FT39.38F32.61FT17.88FT50.12FTTPOB Tax Year: 2022 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 25
Comparative Market Analysis 2515 Larimer Street, Denver,
Remarks Brand new, charming Row Home located in the heart of historic Curtis Park. Two blocks from one of Denvers most vibrant retail corridors, RINO. This all brick, 3 bedroom, 3.5 bathroom home features a full roof deck, designed to be reminiscent of a classic Denver Brownstone's with all of the modern amenities for today's lifestyle. Main level family room, kitchen, dining room with powder. Upstairs, you will find the primary suite with a generous walk-in closet, 4 piece primary bath, along with a secondary bedroom and bathroom. Spacious full roof deck spanning the entire unit has beautiful mountain and city views. The lower level can be perfect for guests or roommates. Lower level includes a second family room, full wet bar w/ combo beverage center/wine fridge and the third bedroom and bathroom. Colorado
80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 26
1065 25th Street Denver, CO 80205 MLS #9274560 $855,270 3 Beds 4.00 Baths 1,867 Sq. Ft. ($458 / sqft) CLOSED 7/20/22 Year Built 2022 Days on market: 0 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 27
2715 Blake Street 5 Denver, CO 80205 $885,000 CLOSED 5/13/22 Details Prop Type: Multi-Family County: Denver Subdivision: RINO Style: Urban Contemporary Full baths: 2.0 Lot Size (sqft): 18,685 List date: 3/31/22 Sold date: 5/13/22 Off-market date: 4/5/22 Updated: May 17, 2022 2:44 AM Taxes: $3,131 School District: Denver 1 Features Accessibility Features: Accessible Approach with Ramp Appliances: Dishwasher, Microwave, Range, Refrigerator Association Fee Frequency: Monthly Association Fee Includes: Maintenance Structure, Sewer, Trash, Water Association Name: K3 Management Association Phone: 303-798-0054 Association Yn: true Building Area Source: Appraiser Building Name: Bag Factory Lofts Common Walls: End Unit Concessions: No Construction Materials: Block, Brick, Frame Cooling: Central Air Direction Faces: West Exterior Features: Fire Pit Fencing: Full Fireplace Features: Gas, Living Room Fireplaces Total: 1 Flooring: Concrete, Tile, Wood Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, Entrance Foyer, High Ceilings, Kitchen Island, Open Floorplan, Primary Suite, Quartz Counters, Vaulted Ceiling(s), Walk-In Closet(s) Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional, Other Living Area Total: 1831 Main Level Bathrooms: 1 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 28
Main Level Bedrooms: 1 Parking Total: 2 Patio And Porch: Patio Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Membrane Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: BAG FACTORY LOFTS U-5 Tax Year: 2019 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available View: City Water Source: Public Window Features: Double Pane Windows Zoning: R-MU-30 Remarks Industrial Design collides with remarkable light-drenched space in this RINO residence. Situated in the historic Bag Factory Building, this dwelling inspires with dramatic 20-foot ceilings, exposed wood trusses + concrete floors shining with light from floor-to-ceiling windows. The striking open floorplan encompasses the living, dining + kitchen areas. A lofty gas fireplace reaches upwards to the towering ceilings, radiating warmth into an adjoining kitchen + dining space characterized by modern wood cabinetry, stainless steel appliances + an immense kitchen island. Seamless indooroutdoor living is achieved through glass doors that lead out onto a serene 700 square-foot terrace with a gas firepit + ample privacy. The main-level bedroom serves as a cozy escape with a wide closet while the loft area above can be used as the primary bedroom, gym or office overlooking the main floor below. Two full bathrooms boast shimmering subway tile + contemporary light fixtures, rounding out this homes welcoming + lofty atmosphere. RINO is the pulse of Denver - art galleries, the city's best restaurants, cafes and bars, gyms and engaging urban streets - all located right out the front door! it is easy to understand why RINO is the creative hub of Denver. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 29
2715 Blake Street 5 Denver, CO 80205 MLS #3968402 $885,000 2 Beds 2.00 Baths 1,831 Sq. Ft. ($483 / sqft) CLOSED 5/13/22 Year Built 1958 Days on market: 5 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 30
722 25th Street Denver, CO 80205 MLS #6308962 $985,000 4 Beds 4.00 Baths 1,808 Sq. Ft. ($545 / sqft) CLOSED 4/8/22 Year Built 2006 Days on market: 0 Details Prop Type: Multi-Family County: Denver Subdivision: Curtis Park Full baths: 3.0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 3/17/22 Sold date: 4/8/22 Off-market date: 3/17/22 Updated: Apr 8, 2022 10:20 AM List Price: $925,000 Orig list price: $925,000 Taxes: $3,339 School District: Denver 1 High: East Middle: Bruce Randolph Elementary: Whittier E-8 Features Appliances: Dishwasher, Disposal, Oven, Refrigerator Association Yn: false Basement: Finished, Full Building Area Source: Public Records Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 5000 Construction Materials: Brick Cooling: Central Air Fireplace Features: Living Room Fireplaces Total: 1 Flooring: Tile, Wood Heating: Forced Air, Natural Gas Interior Features: Ceiling Fan(s), Five Piece Bath, Primary Suite, Walk-In Closet(s), Wired for Data Levels: Two Listing Terms: Cash, Conventional, Other, VA Loan Living Area Total: 2712 Lot Features: Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Deck, Patio Property Condition: Updated/Remodeled Road Surface Type: Paved Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: STILES ADD BLK 148 PT L1 & 2 COM NORTH MOST COR SD L1 SE 40.86FT TO TPOB SE 29.48FT SW 43.95FT NW 29.48FT NE 43.95 FT TO POB Tax Year: 2020 View: City, Mountain(s) Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 31
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 32
Zoning: U-RH-2.5 Remarks Curtis Park Townhome with incredible city views from the rooftop patio, located just steps from the best food + nightlife that Denver has to offer. Step inside to be wowed by an open main floor living area with impressive 10 ft ceilings. The living room is centered around a dramatic slate tiled gas fireplace that is sure to keep you feeling cozy during Denvers winter months. The living room flows right into the gourmet kitchen finished with white subway tile backsplash, 2 oversized glass teardrop pendants and professional grade appliances including a gas cooktop + a restaurant grade fridge. Be inspired to unleash your inner chef every time you step into the kitchen. Up on the second level you will find 3 bedrooms and 2 bathrooms including the master retreat. Step through the double doors leading into the large master suite where youll find a charming window seat, a large walk-in closet as well as a 5 piece master bath with a free standing copper soaking tub, a stand up shower, and double sinks. Step down to the finished basement, where youll locate a large second living area, as well as the 4th bedroom and bathroom. On the 3rd floor youll access the spacious rooftop patio with incredible views of the city and mountains beyond. The patio door swings outwards allowing you to create a wet bar in the hallway out to the rooftop, creating the ultimate entertaining space. If you are looking for elevated city living - look no further! The seller just installed all new lighting and carpet throughout giving you a fresh start from the moment you move in. New roof, deck, furnace and 2 AC units were installed in November of 2020.
722 25th Street Denver, CO 80205 MLS #6308962 $985,000 4 Beds 4.00 Baths 1,808 Sq. Ft. ($545 / sqft) CLOSED 4/8/22 Year Built 2006 Days on market: 0 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 33
1075 25th Street Denver, CO 80205 MLS #2975508 $924,000 3 Beds 4.00 Baths 1,867 Sq. Ft. ($495 / sqft) CLOSED 8/12/22 Details Prop Type: Multi-Family County: Denver Lot Size (sqft): Garages: 1 Off-market date: 8/12/22 Updated: Aug 12, 2022 11:15 AM List Price: $924,000 Orig list price: $924,000 Taxes: $1 Features Concessions: No Living Area Total: 1867 Parking Total: 1 Structure Type: Townhouse Photo not available Photo not available Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 34
Tax Legal Description: A PARCEL OF LAND BEING A PART OF PART OF LOTS 20 AND 21, BLOCK 88, PIERCE'S ADDITION TO THE CITY OF DENVER, COLORADO, LYING WITHIN THE SOUTHEAST QUARTER (SE 1/4) OF SECTION 27, TOWNSHIP 3 SOUTH, RANGE 68 WEST OF THE 6TH PRINCIPAL MERIDIAN, CITY AND COUNTY OF DENVER, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS COMMENCINGFOLLOWS: AT THE MOST WESTERLY CORNER LOT 21, BLOCK 88, PIERCE'S ADDITION TO THE CITY OF DENVER; THENCE NORTH 44°59'25" EAST ALONG THE NORTHWESTERLY LINES OF SAID LOTS 20 AND 21 A DISTANCE OF 50.12 FEET TO THE POINOF45°00'07"SAIDNORALTHENCECORNERNORTHWESTERLYOFSAIDLOT20;SOUTHEASTERLYONGTHETHEASTERLYLINEOFLOT20SOUTHEASTADISTANCE41.17FEETTOTHETOFBEGINNING; Tax Year: 2022 Remarks Brand new, charming Brownstone located in the heart of historic Curtis Park, two blocks from RINO, Denvers most vibrant retail corridors. This all brick front facade, 3 bedroom, 3.5 bathroom home features a massive roof deck and a 1 car detached garage. The home is designed reminiscent of a classic Denver Brownstone with all of the modern amenities for today's lifestyle. The main level consists of a family room, chefs kitchen, dining room with powder and a private balcony with additional outdoor space. Upstairs, you will find the primary suite with a generous walk-in closet, 4 piece primary bath, along with a secondary bedroom and bathroom. Enjoy the private roof deck spanning the entire unit with beautiful mountain and city views. The lower level can be perfect for guests or roommates as it includes a second family/rec room, full wet bar with space for a wine fridge/beverage center and the third bedroom with an en-suite bathroom and large closet. This home combines classic, unique architecture with high end interior finishes, all within one of the most sought after locations in Denver. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 35
Analysis Scott Brasfield The Bartic Group at Keller Williams Integrity
Comparable Property Statistics A 2 Active Listings P 1 Pending Listings S 6 Sold Listings LOWEST $895,000 AVERAGE $985,000 HIGH $1,075,000 AVG PRICE / SQFT $430 AVG DOM 3 LOWEST $959,000 AVERAGE $959,000 HIGH $959,000 AVG PRICE / SQFT $514 AVG DOM 4 LOWEST $840,000 AVERAGE $889,711 HIGH $985,000 AVG PRICE / SQFT $489 AVG DOM 4 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 37
Sold Property Analysis Averages 103.1% Homes sold for an average of 103.1% of their list price. 4 Days on market It took an average of 4 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 2551 Larimer Street $725,000 $840,000 115.86% 3 $506 1055 25th Street $849,000 $849,000 100.00% $449 1065 25th Street $855,270 $855,270 100.00% $458 2715 Blake Street 5 $900,000 $885,000 98.33% 5 $483 722 25th Street $925,000 $985,000 106.49% $545 1075 25th Street $924,000 $924,000 100.00% $495 Averages $863,045 $889,711 103.09% 4 $489 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 38
Suggested List Price Analysis of the comparable properties suggests a list price of: $850,000 $507 / sqft Comparable Averages per Status A 2 Active $985,000 $430 / sqft 3 Days on Market P 1 Pending $959,000 $514 / sqft 4 Days on Market S 6 Sold $889,711 $489 / sqft $889,712 $489 / sqft 4 Days on Market Disclaimer 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 theComparmarket.ative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 39
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
• The first two weeks of marketing are crucial.
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 biggest are location and condition. Generally, fair market value can be estimated by considering the comparables - other similar homes that have sold or are currently for sale in the same area.
Intelligent Pricing and Timing
• The market never lies, but it can change its mind.
Sellers often view their homes as special, which tempts them to put a higher price on it, believing they can always come down later, but that's a serious mistake.
• Fair market value attracts buyers, overpricing never does.
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.
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: scott@thebar720-520-3113ticgroup.com 40
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, full description and photos 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 either 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.
Scott Brasfield The Bartic Group at Keller Williams Integrity scott@thebar720-520-3113ticgroup.com
Intelligent Pricing and Timing
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Cell:
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.
Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205
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