Cloud CMA - 1115 W 37th Avenue

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Comparative Market Analysis 1115 W 37th Ave Denver, CO 80211 Traci Lounsbury and Mike Benigno JULY 21, 2023 Kathryn Bartic | kathryn@elitehomepartnersco.com

1115 W 37th Ave, Denver, CO 80211-2603, Denver County

APN: 2281-03-027 CLIP: 2147275533

MLS Beds 3 Full Baths 2 MLS Half Baths 1 MLS Sale Price $1,200,000 MLS Sale Date 12/01/2017 MLS Sq Ft 2,327 Lot Sq Ft 2,052 MLS Yr Built 2017 Type TH/RH OWNER INFORMATION Owner Name Lounsbury Traci Mailing ZIP 4 2603 Owner Name 2 Benigno Micahael J Mailing Carrier Route C025 Mailing Address 1115 W 37th Ave Owner Occupied Yes Mailing City & State Denver, CO DMA No Mail Flag Mailing Zip 80211 LOCATION INFORMATION Property Zip 80211 Location Influence Property Zip4 2603 Topography Flat/Level Property Carrier Route C025 Neighborhood Code E Highland-0235 School District Denver County 1 Neighborhood Name (OnBoard) Elementary School Trevista Traffic Middle School Strive Sunnyside Township 03S High School North Range 68W Subdivision Viaduct Add Section 28 Zoning I-MX-3 Quarter NE Census Tract 11.02 Block 52 Condo Floor Lot 16 TAX INFORMATION PIN 2281-03-027 Tax District DENV Alternate PIN Tax Appraisal Area Schedule Number 0228103027000 Homestead Percent % Improved 72% Legal Description VIADUCT ADD BLK 52 THE W THE W 73 56FT OF L16 & 17 EXC THE S 20FT OF THE W 48 81FT OF L16 A ND EXC THE N 15 03FT OF THE W 43,23FT OF L17 ASSESSMENT & TAX Assessment Year 2022 2021 2020 Market Value - Land $266,800 $266,800 $266,800 Market Value - Improved $687,800 $687,800 $683,700 Market Value - Total $954,600 $954,600 $950,500 Assessed Value - Land $18,540 $19,080 $11,000 Assessed Value - Improved $47,800 $49,180 $64,150 Assessed Value - Total $66,340 $68,260 $75,150 YOY Assessed Change (%) -2.81% -9.17% YOY Assessed Change ($) -$1,920 -$6,890 Tax Year Total Tax Change ($) Change (%) 2020 $5,576 2021 $5,093 -$482 -8 65% 2022 $5,276 $182 3 58% CHARACTERISTICS Lot Frontage Baths - Full 2 Lot Depth Baths - Half 1 Lot Acres 0 0471 Other Rooms Lot Sq Ft 2,052 Stories 3 Lot Shape Fireplace Y Land Use - County Row House Misc Fireplaces Land Use - CoreLogic Townhouse/Rowhouse Cooling Type Building Type Heat Fuel Type Style Row House Heat Type Warm Air Property Details Courtesy of Kathryn Joyce Bartic, REcolorado Generated on:07/17/23 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 1/4

the true value has a statistical degree of certainty

Year Built Tax: 2015 MLS: 2017 Patio Type Wood Deck Bldg Sq Ft - Above Ground 2,327 Garage Type Attached Garage Bldg Sq Ft - Basement Garage Capacity MLS: 2 Bldg Sq Ft - Finished Basement Garage Sq Ft 605 Bldg Sq Ft - Unfinished Basement Roof Material Bldg Sq Ft - Total 2,327 Construction Bldg Sq Ft - Finished 2,327 Exterior Asbestos Bldg Sq Ft - 1st Floor 944 Floor Cover Bldg Sq Ft - 2nd Floor 756 Foundation Basement Type Pool # Units Pool Size # Buildings 1 Water Total Rooms 7 Sewer Bedrooms 3 Quality Excellent Baths - Total 3 Other Impvs MLS Total Baths 3 Equipment FEATURES Feature Type Size/Qty Att Garage-Frm 605 Opn Prch-Frm 114 Wd Deck 375 Building Description Building Size SELL SCORE Rating High Value As Of 2023-07-16 04:33:00 Sell Score 760 ESTIMATED VALUE RealAVM™ $1,296,300 Confidence Score 92 RealAVM™ Range $1,201,600 - $1,391,000 Forecast Standard Deviation 7 Value As Of 07/05/2023 (1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal (2) The Confidence Score is a measure of the extent to which sales data property information and comparable sales support the property valuation analysis process The confidence score range is 50 - 100 Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales (3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric The FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation The FSD can be used to create confidence that
LISTING INFORMATION MLS Listing Id 3939901 MLS Listing Contract Date 12/01/2017 MLS Days On Market MLS Pending Date MLS Source REcolorado MLS Close Date 12/01/2017 MLS Status Closed MLS List Office Name TRU REAL ESTATE MLS Status Change Date 12/01/2017 MLS List Agent Full Name 026597-Chris Striefel MLS Current Price $1,200,000 MLS Buyer Agent Full Name 026597-Chris Striefel MLS Original List Price $1,200,000 MLS Buyer Office Name TRU REAL ESTATE MLS Close Price $1,200,000 MLS Listing # MLS Source History MLS Status MLS Listing Cancellation Date MLS Listing Price MLS Orig Listing Price MLS Listing Close Price MLS Listing Date MLS Close Date MLS Listing Expiration Date LAST MARKET SALE & SALES HISTORY Sale Date MLS: 12/01/2017 Deed Type Sale Price Owner Name Lounsbury Traci Price per SqFt - Finished Owner Name 2 Benigno Micahael J Document Number Seller Sale Type Property Details Courtesy of Kathryn Joyce Bartic, REcolorado Generated on:07/17/23 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 2/4
Sale Date Sale Price Nominal Buyer Buyer Seller Document Number Document Type Title Company Multi/Split Sale Type MORTGAGE HISTORY Mortgage Date 08/11/2021 Mortgage Amount $884,000 Mortgage Lender Ubs Bk Usa Borrower Lounsbury Traci Borrower Benigno Michael J Mortgage Type Conventional Mortgage Purpose Refi Mortgage Int Rate 2 5 Mortgage Int Rate Type Adjustable Int Rate Loan Mortgage Term 30 Mortgage Term Years Title Company Other FORECLOSURE HISTORY Document Type Default Date Foreclosure Filing Date Recording Date Document Number Book Number Page Number Default Amount Final Judgment Amount Original Doc Date Original Document Number Original Book Page Lien Type Property Details Courtesy of Kathryn Joyce Bartic, REcolorado Generated on:07/17/23 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 3/4
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Kathryn Joyce Bartic, REcolorado Generated on:07/17/23 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 4/4

Map of Comparable Listings

STATUS: A = ACTIVE P = PENDING S = CLOSED

MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 1115 W 37th Ave 3 3.00 2,3272 8109460 A 3503 Tejon Street 3 4.00 2,734 $1,625,000 3 3009846 A 1330 W 35th Avenue 3 4.00 2,392 $1,779,950 4 8146759 P 3733 Lipan Street 4 4.00 2,688 $1,200,000 5 9948377 S 3620 Jason Street 3 4.00 2,556 $999,000 6 3091659 S 3703 N Lipan 4 4.00 2,697 $1,150,000 7 6895818 S 3444 Navajo Street 11 3 5.00 2,273 $1,160,000 8 4628374 S 3701 N Lipan Street 4 4.00 2,766 $1,290,000 9 8817506 S 3454 Osage Street 3 4.00 2,963 $1,435,000 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Details

Prop Type: Multi-Family

County: Denver

Subdivision: LoHi

Style: Urban Contemporary

Full baths: 3.0

Features

Appliances: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer

Association Yn: false

Building Area Source: Public

Records

Common Walls: End Unit, No

One Above, No One Below

Construction Materials:

Frame, Other, Rock, Stucco

Cooling: Central Air

Entry Location: Ground

Exterior Features: Balcony

Half baths: 1.0

Lot Size (sqft): 1,498

Garages: 2

List date: 7/6/23

Updated: Jul 20, 2023 7:14 AM

List Price: $1,625,000

Orig list price: $1,625,000

Taxes: $6,036

School District: Denver 1

High: North

Middle: Strive Sunnyside

Elementary: Trevista at Horace Mann

Fireplace Features: Gas, Gas Log, Living Room

Fireplaces Total: 1

Flooring: Carpet, Wood

Furnished: Negotiable

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smart Lights, Smart Thermostat, Walk-In Closet(s), Wet Bar

Laundry Features: In Unit

Levels: Three Or More

Listing Terms: Cash, Conventional

Living Area Total: 2734

Lot Features: Near Public Transit

Main Level Bathrooms: 2

Parking Total: 2

Patio And Porch: Patio, Rooftop

Roof: Other

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

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Townhouse

3 Beds 4.00 Baths 2,734 Sq. Ft. ($594 / sqft) ACTIVE 7/6/23 Year Built 2015 Days on market: 14
3503 Tejon Street Denver, CO 80211 MLS #8109460 $1,625,000
Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211

Tax Legal Description:

WILSONS RESUB OF PT H

WITTERS N DENVER ADD B

21 PT L 3-6 DAFCOM SE

COR L 1 TH N 62.04FT TO

POB TH A/R 22.58FT A/

L66.35FT A/L 22.57FT A/L

66.35FT TO TPOB

Remarks

Tax Year: 2022

Virtual Tour: View

Water Source: Public

Window Features: Window

Coverings, Window Treatments

Zoning: U-MX-3

Welcome to this extraordinary urban contemporary townhome in the highly sought-after LoHi neighborhood. This stunning property offers an open floor plan and plenty of natural light, providing a serene atmosphere that is perfect for any lifestyle. The spacious residence boasts 2,734 square feet of living space with thoughtful touches throughout. The modern kitchen has quartz countertops and stainless appliances with ample storage for all your cooking needs. Entertain friends and family around the spacious kitchen island or relax in front of the double sided fireplace, and curl up for some peaceful reading time in the living room. Retreat to a private primary suite complete with walk-in closet and an en-suite bathroom oasis for ultimate pampering and relaxation. The rooftop deck with wet bar is sure to make entertaining easy. This home also has a two car attached garage so you don't have to worry about finding parking in this vibrant Denver neighborhood. Don't miss this opportunity to own your own piece of paradise in LoHi!

Worried about interest rates? Lender, Keren Rubenstein will give buyers a free refi of the loan in 6 months if rates go down -- see flyer in supplements or call her at 303-513-1838

Courtesy of USAJ REALTY

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
3503 Tejon Street Denver, CO 80211 MLS #8109460 $1,625,000 3 Beds 4.00 Baths 2,734 Sq. Ft. ($594 / sqft) ACTIVE 7/6/23 Year Built 2015 Days on market: 14 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Details

Prop Type: Multi-Family

County: Denver

Subdivision: LOHI

Style: Contemporary

Full baths: 3.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven, Range, Range Hood

Association Yn: false

Building Area Source: Builder

Common Walls: 1 Common Wall

Construction Materials: Brick, Frame, Stucco

Cooling: Air ConditioningRoom

Exterior Features: Balcony

Half baths: 1.0

Lot Size (sqft): 3,125

Garages: 1

List date: 7/6/23

Updated: Jul 6, 2023 12:02 PM

List Price: $1,779,950

Orig list price: $1,779,950

Taxes: $3,836

School District: Denver 1

High: North

Middle: Strive Sunnyside

Elementary: Trevista at Horace Mann

Fireplace Features: Living Room

Fireplaces Total: 1

Flooring: Tile, Wood

Furnished: Unfurnished

Heating: Forced Air

Interior Features: Ceiling

Fan(s), Five Piece Bath, Kitchen Island, Walk-In Closet(s)

Levels: Three Or More

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 2392

Main Level Bathrooms: 1

Parking Total: 1

Patio And Porch: Front 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: L30 BLK 87 VIADUCT ADD

Tax Year: 2022

Utilities: Electricity Available

Water Source: Public

Window Features: Double Pane Windows

Zoning: C-MX-5

1330 W 35th Avenue Denver, CO 80211
#3009846
3 Beds 4.00 Baths 2,392 Sq. Ft. ($744 / sqft) ACTIVE 7/6/23 Year Built 2023
MLS
$1,779,950
Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Remarks

Sitting on top of everything in Lohi this stunning property offers a perfect combination of style and functionality, creating an inviting and comfortable living space. The interior boasts a contemporary design with clean lines, high ceilings, and an abundance of windows that invites tons of natural light. The gourmet kitchen is equipped with top of the line appliances and a spacious island, perfect for both cooking and entertaining. The bedrooms are very spacious and all en suite and feature ample closet space, while the bathrooms are luxuriously appointed with high end fixtures and finishes. With its convenient location in the heart of Lohi, the future owner will enjoy easy access to all the city's attractions and popular restaurants. There are many roof top decks in Lohi with views of downtown but if you want to be on top of it all and look down on other roof tops, this is the unit for you. This cannot be beat! Don't miss the opportunity to own this exceptional 4 story townhome!

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Courtesy of Keller Williams Realty Downtown LLC Information is deemed reliable but not guaranteed. Kathryn Bartic 3038452362
1330 W 35th Avenue Denver, CO 80211 MLS #3009846 $1,779,950 3 Beds 4.00 Baths 2,392 Sq. Ft. ($744 / sqft) ACTIVE 7/6/23 Year Built 2023 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Details

Prop Type: Multi-Family

County: Denver

Subdivision: Highland

Full baths: 3.0

Half baths: 1.0

Features

Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Washer

Association Yn: false

Basement: Partial

Building Area Source: Public

Records

Common Walls: End Unit, No

One Above, No One Below, 1

Common Wall

Construction Materials:

Frame

Lot Size (sqft): 3,125

Garages: 2

List date: 5/3/23

Pending date: 7/1/23

Off-market date: 7/1/23

Updated: Jul 1, 2023 4:33 AM

List Price: $1,200,000

Orig list price: $1,249,000

Taxes: $4,569

School District: Denver 1

High: North

Middle: Denver Montessori

Elementary: Trevista at Horace Mann

Cooling: Central Air

Entry Level: 1

Entry Location: Ground

Exterior Features: Balcony,

Fire Pit, Private Yard

Fencing: Full

Fireplace Features: Gas, Gas Log

Fireplaces Total: 1

Flooring: Tile, Wood

Foundation Details: Block

Heating: Forced Air

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, Jack & Jill Bath, Kitchen Island, Open Floorplan, Primary Suite, Radon Mitigation System, Smart Thermostat, Sound System, Walk-In Closet(s)

Laundry Features: In Unit

Levels: Three Or More

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 2688

Lot Features: Landscaped, Near Public Transit

Main Level Bathrooms: 1

Parking Features: Dry Walled, Lighted

Parking Total: 2

Patio And Porch: Covered, Deck, Front Porch, Patio

Property Condition: Updated/ Remodeled

Road Frontage Type: Public Road

Road Surface Type: Paved

3733 Lipan Street Denver, CO 80211
4 Beds 4.00 Baths 2,688 Sq. Ft. ($446 / sqft) PENDING 7/1/23 Year Built 2013 Days on market: 59
MLS #8146759 $1,200,000
1115 West 37th Avenue,
80211
Comparative Market Analysis
Denver, Colorado
Kathryn Bartic 3038452362

Roof: Composition

Security Features: Carbon Monoxide Detector(s), Smart Cameras, Smoke Detector(s), Video Doorbell

Senior Community Yn: false

Remarks

Sewer: Public Sewer

Structure Type: Townhouse

Tax Legal Description:

VIADUCT ADD B50 L24

Tax Year: 2022

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

Virtual Tour: View

Water Source: Public

Window Features: Window Coverings

Zoning: U-TU-B2

Step right into this recently renovated LoHi duplex, located just a few steps away from the exciting happenings of one of Denver's finest neighborhoods. As soon as you enter, you'll be greeted by freshly installed wide-plank 5" wide white oak flooring that runs throughout all three levels of this impressive townhome. The entrance boasts high ceilings, large windows, and stunning transitional finishes. The kitchen features new appliances, European white cabinets, and granite countertops, creating a bright and airy space. The open floor plan, coupled with surround sound speakers, creates the perfect ambiance for entertaining. The main level also features a spacious great room that opens up to a backyard, complete with a wood pergola, providing shade from the beautiful evening sunsets. The Western facing backyard also adds more useable time throughout the year. Adjacent to the great room is a mud-room. Upstairs, you'll find a large primary bedroom with a 5-piece en-suite that includes a soaking tub and walk-in closet with built-ins. There are two other decent-sized bedrooms that share a jack-and-jill bathroom, and the East bedroom comes with a lovely covered patio. The top floor functions as an ideal guest suite or office space with a bedroom, full bathroom, lounge area with wet bar, and a spacious rooftop terrace that offers a breathtaking view of the mountains. The sellers recently added new landscaping around the home including two aspens out front. The 2-car garage provides ample space for storage. This home sits right across from a beautiful park and is within walking distance of some of LoHi's best restaurants and bars. Explore this fantastic property in detail by visiting www.3733LipanStreet.com. Welcome home!

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Courtesy of LIV Sotheby's International Realty Information is deemed reliable but not guaranteed.
Kathryn Bartic 3038452362
3733 Lipan Street Denver, CO 80211 MLS #8146759 $1,200,000 4 Beds 4.00 Baths 2,688 Sq. Ft. ($446 / sqft) PENDING 7/1/23 Year Built 2013 Days on market: 59 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Details

Prop Type: Multi-Family

County: Denver

Subdivision: LoHi

Full baths: 2.0

3/4 Baths: 1.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Self Cleaning

Oven, Washer

Association Yn: false

Basement: Finished, Full

Below Grade Unfinished

Area: 43.0

Common Walls: End Unit, 1

Common Wall

Concessions: Other

Concessions Amount: 14000

Half baths: 1.0

Lot Size (sqft): 3,065

Garages: 2

List date: 5/10/23

Sold date: 6/6/23

Off-market date: 5/16/23

Updated: Jun 7, 2023 5:57 AM

List Price: $999,000

Orig list price: $999,000

Taxes: $4,964

School District: Denver 1

High: North

Middle: Bryant-Webster

Elementary: Trevista at Horace Mann

Construction Materials:

Frame, Stucco, Wood Siding

Cooling: Air ConditioningRoom, Central Air

Exterior Features: Balcony, Garden, Gas Valve, Private Yard, Rain Gutters

Fencing: Full

Flooring: Carpet, Tile, Wood

Green Energy Efficient: Insulation, Windows

Heating: Active Solar, Electric, Passive Solar

Interior Features: Breakfast Nook, Eat-in Kitchen, Five Piece Bath, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: In Unit

Levels: Three Or More

Listing Terms: Cash, Conventional, Jumbo

Living Area Total: 2513

Lot Features: Corner Lot, Near Public Transit, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Other Equipment: Air Purifier

Parking Total: 2

Road Surface Type: Paved

Roof: Rolled/Hot Mop

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

Senior Community Yn: false

Sewer: Public Sewer

3620 Jason Street
CO 80211
$999,000 3 Beds 4.00 Baths 2,556 Sq. Ft. ($391 / sqft) CLOSED 6/6/23 Year Built 2016 Days on market: 6
Denver,
MLS #9948377
Comparative Market Analysis 1115
80211
West 37th Avenue, Denver, Colorado
Kathryn Bartic 3038452362

Structure Type: Duplex Tax Legal Description:

VIADUCT ADD B64 L10 EXC

S 0.99FT OF W 59.42FT

THEREOF

Remarks

Tax Year: 2022

Virtual Tour: View

Water Source: Public

Window Features: Triple Pane

Windows

Zoning: U-TU-B2

This West-facing, Green-built, energy-efficient home is ready for you! As you walk into this spacious LoHi home, you will immediately notice the open floor plan with beautiful hardwood floors and tons of light. This all-electric home will save you tons of money in energy bills and the triple-pane windows provide a quiet environment for you to relax in. The kitchen boasts LG Signature appliances which carry a lifetime warranty. Upstairs is where you will find two primary ensuites, laundry and a patio. The basement has another bathroom, bedroom, an office/flex space and additional W/D hookups. From the kitchen, you'll walk out to the backyard which has a deck to entertain or enjoy meals on, a grassy area and mature trees for shade. The home is nestled at the end of Jason Street and is within walking distance to bike trains, restaurants, shops and bars. You will absolutely love this home!

Courtesy of Your Castle Real Estate Inc

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
3620 Jason Street Denver, CO 80211 MLS #9948377 $999,000 3 Beds 4.00 Baths 2,556 Sq. Ft. ($391 / sqft) CLOSED 6/6/23 Year Built 2016 Days on market: 6 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211 Kathryn
3038452362
Bartic

Details

Prop Type: Multi-Family

County: Denver

Subdivision: Highlands

Style: Contemporary

Full baths: 2.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Disposal, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Tankless Water

Heater

Association Yn: false

Basement: Finished

Common Walls: 1 Common

Wall

Concessions: No

Construction Materials: Brick, Stone, Stucco

Cooling: Central Air

Half baths: 1.0

Lot Size (sqft): 3,125

Garages: 2

List date: 3/30/23

Sold date: 6/28/23

Off-market date: 5/26/23

Updated: Jun 29, 2023 5:00 AM

List Price: $1,175,000

Orig list price: $1,295,000

Taxes: $2,033

School District: Denver 1

High: North

Middle: Skinner

Elementary: Bryant-Webster

Exterior Features: Private Yard

Fencing: Partial

Flooring: Carpet, Wood

Green Energy Efficient: HVAC, Lighting, Thermostat, Water Heater, Windows

Heating: Forced Air, Natural Gas

Interior Features: Breakfast Nook, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smart Thermostat

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2697

Lot Features: Flood Zone

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Covered, Front Porch, Patio

Property Condition: New Construction

Road Surface Type: Alley Paved, Paved

Roof: Other

Security Features: Smart Locks, Video Doorbell

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Duplex

Lipan
80211
4 Beds 4.00 Baths 2,697 Sq. Ft. ($426 / sqft) CLOSED 6/28/23 Year Built 2023 Days on market: 57
3703 N
Denver, CO
MLS #3091659 $1,150,000
Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Tax Legal Description:

VIADUCT ADD B50 L17

Tax Year: 2022

Remarks

Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Water Source: Public

Window Features: Double Pane Windows

Live luxuriously just minutes from the heart of LoHi in thisduplex from award-winning home builder Thomas James Homes. The thoughtfully designed modern exterior features stucco and stone. The kitchen boasts a spacious island finished with white quartz countertops, Bosch appliances and Tharp cabinetry. The open concept dining area and great room are perfect for entertaining, while your large backyard steals the show providing a quiet oasis within the city. Front and back landscaping will include sod, plants, and sprinkler system. Work from home in the main floor office, leaving plenty of opportunity for the remaining four bedrooms. The second level features 9' ceilings, custom cellular shades throughout and 3 bedrooms including the primary suite with en-suite bath and a walk-in closet.The basement provides a generous sized rec room perfect for the imagination and fourth bedroom with en-suite bathroom.

Courtesy of eXp Realty, LLC

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362
3703 N Lipan Denver, CO 80211 MLS #3091659 $1,150,000 4 Beds 4.00 Baths 2,697 Sq. Ft. ($426 / sqft) CLOSED 6/28/23 Year Built 2023 Days on market: 57 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Details

Prop Type: Multi-Family

County: Denver

Subdivision: LoHi

Style: Contemporary

Full baths: 1.0

3/4 Baths: 2.0

11

Half baths: 2.0

Lot Size (sqft): 1,230

Garages: 2

List date: 5/17/23

Sold date: 6/26/23

Off-market date: 6/14/23

Features

Appliances: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer

Association Yn: false

Basement: Partial

Building Area Source: Public

Records

Building Name: Navajo Arts

District

Concessions: No

Construction Materials: Frame, Stucco

Cooling: Central Air, Other

Direction Faces: South

Electric: 110V, 220 Volts

Exterior Features: Balcony, Fire Pit

Fencing: Partial

Fireplace Features: Great Room

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

Updated: Jun 27, 2023 3:00 PM

List Price: $1,199,000

Orig list price: $1,275,000

Taxes: $4,406

School District: Denver 1

High: North

Middle: Strive Sunnyside

Elementary: Trevista at Horace Mann

Furnished: Negotiable

Heating: Forced Air

Interior Features: Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smoke Free, Wet Bar

Laundry Features: In Unit

Levels: Three Or More

Listing Terms: 1031

Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Living Area Total: 2273

Lot Features: Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Floor Coating, Insulated

Parking Total: 2

Patio And Porch: Rooftop

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

3444 Navajo Street
Denver, CO 80211
3 Beds 5.00 Baths 2,273 Sq. Ft. ($510 / sqft) CLOSED 6/26/23 Year Built 2014 Days on market: 28
MLS #6895818 $1,160,000
1115 West 37th Avenue, Denver, Colorado 80211
Comparative Market Analysis Kathryn Bartic 3038452362

Roof: Composition, Membrane

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

Senior Community Yn: false

Sewer: Public Sewer

Remarks

Structure Type: Townhouse

Tax Legal Description: PT OF VIADUCT ADD B88 LOTS

3-5 DAF BEG @ SW COR L5 E 78.63FTTPOB N 65.26FT E

18.91FT S 65.27FT W 18.78FT TPOB

Tax Year: 2022

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

View: City, Mountain(s)

Water Source: Public

Window Features: Double Pane Windows

Zoning: U-MX-3

3BD/5BA Modern LoHi Townhome with Spectacular Skyline VIEWS located in the Navajo Arts District. The A+ Rooftop Party Room and Deck is the best in the Highlands with a firepit and supported to hold a hot tub. Walk score off the charts to all the best restaurants, bars, and shopping. South facing with natural light and main floor Modern Open Concept Layout great for entertaining. Gorgeous Kitchen with quartz, stainless steel, a huge kitchen island and balcony with gas BBQ. The primary bedroom has a very well appointed bathroom with dual vanities, and a custom tile shower surround with frameless glass and walk-in closet. City views from every level! The second and third bedroom are larger than typical for this style of home and both have their own bathrooms. Owners installed a new A/C split for the party room. Attached two-car garage with epoxy floor and extra space for toys. Many of the best restaurants in Denver steps from your front door Avanti, Acova, Postino, El Five, Root Down, Kobe An Shabu Shabu, and Black Eye Coffee. Loaded, too much to list. Must See in LoHi.

Courtesy of Colo Real Estate Corp Information

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
is deemed reliable but not guaranteed.
3444 Navajo Street 11 Denver, CO 80211 MLS #6895818 $1,160,000 3 Beds 5.00 Baths 2,273 Sq. Ft. ($510 / sqft) CLOSED 6/26/23 Year Built 2014 Days on market: 28 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

3701 N Lipan Street

$1,290,000

Details

Prop Type: Multi-Family

County: Denver

Subdivision: Highlands

Style: Contemporary

Full baths: 3.0

Features

Appliances: Dishwasher, Disposal, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Tankless Water

Heater

Association Yn: false

Basement: Finished

Common Walls: 1 Common

Wall

Concessions: No

Construction Materials:

Stone, Stucco

Cooling: Central Air

Half baths: 1.0

Lot Size (sqft): 3,125

Garages: 2

List date: 2/8/23

Sold date: 3/22/23

Off-market date: 2/10/23

Updated: Mar 22, 2023 11:40 AM

List Price: $1,295,000

Orig list price: $1,295,000

Taxes: $4,599

School District: Denver 1

High: North

Middle: Skinner

Elementary: Bryant-Webster

Exterior Features: Private Yard

Fencing: Partial

Flooring: Carpet, Tile, Wood

Furnished: Unfurnished

Green Energy Efficient: HVAC, Lighting, Thermostat, Water Heater, Windows

Heating: Forced Air, Natural Gas

Interior Features: Breakfast Nook, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smart Thermostat

Levels: Two

Listing Terms: Cash, Conventional, Jumbo, VA Loan

Living Area Total: 2766

Lot Features: Corner Lot

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Covered, Patio

Property Condition: New Construction

Road Surface Type: Alley Paved, Paved

Roof: Other

Security Features: Smart Locks, Video Doorbell

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Duplex

Tax Legal Description:

VIADUCT ADD B50 L16

Tax Year: 2021

80211
Denver, CO
MLS #4628374
4 Beds 4.00 Baths 2,766 Sq. Ft. ($466 / sqft) CLOSED 3/22/23 Year Built 2023 Days on market: 2
1115 West 37th Avenue, Denver, Colorado 80211
Comparative Market Analysis Kathryn Bartic 3038452362

Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Remarks

Water Source: Public

Window Features: Double Pane Windows

Live luxuriously just minutes from the heart of LoHi in thisduplex from award winning home builder Thomas James Homes. The thoughtfully designed modern exterior features stucco and stone. The kitchen boasts a spacious island finished with white quartz countertops, Bosch appliances and Tharp cabinetry. The open concept dining area and great room are perfect for entertaining, while your large backyard steals the show providing a quiet oasis within the city. Front and back landscaping will include sod, plants, and sprinkler system. Work from home in the main floor office, leaving plenty of opportunity for the remaining four bedrooms. The second level features 9' ceilings and 3 bedrooms including the primary suite with en-suite bath and a walk-in closet. The basement provides a generous sized rec room and fourth bedroom with en-suite bathroom.

Courtesy of eXp Realty, LLC

Information is deemed reliable but not guaranteed.

Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
3038452362
3701 N Lipan Street Denver, CO 80211 MLS #4628374 $1,290,000 4 Beds 4.00 Baths 2,766 Sq. Ft. ($466 / sqft) CLOSED 3/22/23 Year Built 2023 Days on market: 2 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

3454 Osage Street

$1,435,000

Details

Prop Type: Multi-Family

County: Denver

Subdivision: LoHi

Style: Urban Contemporary

Full baths: 3.0

Features

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Wine Cooler

Association Yn: false

Basement: Full

Below Grade Unfinished Area: 140.0

Building Area Source: Public

Records

Common Walls: End Unit

Concessions: Buyer Closing

Costs/Seller Points Paid

Concessions Amount: 34500

Half baths: 1.0

Lot Size (sqft): 3,125

Garages: 2

List date: 1/26/23

Sold date: 3/31/23

Orig list price: $1,449,000

Taxes: $5,173

Elementary: Trevista at Horace Mann

Construction Materials: Cement Siding, Frame, Stucco Cooling: Central Air

Direction Faces: West

Exterior Features: Garden, Gas Valve, Private Yard

Fireplace Features: Basement, Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Five Piece Bath, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Smoke Free, Walk-In Closet(s), Wet Bar

Levels: Three Or More

Listing Terms: Cash, Conventional, Other

Living Area Total: 2823

Lot Features: Corner Lot

Main Level Bathrooms: 1

Parking Total: 2

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Other

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Low Rise (1-3)

Tax Legal Description: L1 BLK 7 CENTRAL SUB AS AN ADD TO TOWN OF HIGHLANDS

Denver, CO 80211
CLOSED 3/31/23
1115
37th
Comparative Market Analysis
West
Avenue, Denver, Colorado 80211

Tax Year: 2021

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

Available

Remarks

View: City

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Zoning: U-TU-B2

3454 Osage Street shines from a corner lot like a beacon, its interior adorned with sculptural light fixtures, fresh paint and brand new flooring that glistens in the sunlight through an array of dramatic windows. Upon entry, you are greeted by a bright and inviting dining room filled with natural light. The luxurious eat-in kitchen is home to an island range, ceiling-mounted vent hood, and a surplus of storage in its cabinets and pantry. The adjacent living room blurs the line between indoor and outdoor living; sliding doors open to an intimate back yard, providing space for pets to roam freely while you savor the crisp Colorado air. The immense primary suite is the centerpiece of the upper level, with views of the Denver skyline, a walk-in closet, and a vast ensuite bath with dual vanity, makeup counter, freestanding tub and frameless shower. A refined guest bedroom features a walk-in closet, private en suite bath and warm grasscloth wallpaper. An atmosphere of sophistication and indulgence radiates from the lower level, which is home to an entertainment room and secluded guest suite draped in rich, relaxing hues. Mix drinks at the custom bar, where expertly crafted cabinetry and gleaming countertops hold everything needed for joyful entertaining. At the pinnacle of the home is a private rooftop patio with a wet bar and natural gas line for an outdoor fire pit. Enjoy alfresco evenings witnessing prismatic sunsets reflected in the glass faades of Denvers iconic skyscrapers. Ask anyone who is fortunate enough to call LoHi home: this neighborhood isnt simply a place to live, it is a place to truly feel the heartbeat of Denver and immerse yourself in the city's most prominent cultural, culinary, and entertainment destinations. 3454 Osage Street is the ideal LoHi home, providing a space where you can create memories that will last a lifetime.

Information is deemed reliable but not guaranteed.

Courtesy of Milehimodern
Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
3454 Osage Street Denver, CO 80211 MLS #8817506 $1,435,000 3 Beds 4.00 Baths CLOSED 3/31/23 Year Built 2010 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
3038452362
Kathryn Bartic

Market Analysis Summary

Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 07/21/2023 to 01/22/2023 Street Number Numeric is 3733 Street Name is 'Lipan' Street Number Numeric is 3620 Street Name is 'Jason' Street Number Numeric is 3703 Street Dir Prefix is 'N' Street Name is 'Lipan' Street Number Numeric is 1272 Street Dir Prefix is 'W' Street Name is '40th' Street Number Numeric is 39 11 Street Name is 'Mariposa' Street Number Numeric is 3907 Street Name is 'Mariposa' Street Number Numeric is 3701 Street Dir Prefix is 'N' Street Name is 'Lipan' Street Number Numeric is 1330 Street Dir Prefix is 'W' Street Name is '35th' Street Number Numeric is 3444 Street Name is 'Navajo' Street Number Numeric is 3454 Street Name is 'Osage' Street Number Numeric is 3503 Street Name is ' Tejon 3 Properties have been discarded. Listings as of 7/21/2023 at 2: 11 pm, Page 1 of 2
| Residential Listing ID City Address Bds Bths Ttl Fin Close Price PSF Fin List Price Orig Price CP/OLP PSF Ttl List DIM PSF Abv Abv Listings: Active 3503 Tejon ST $1,625,000 3 2,734 $594 07/06/23 4 Denver 2,734 2,734 1,625,000 $594 $594 8109460 15 1330 W 35th AVE $1,779,950 3 2,392 $744 07/06/23 4 Denver 2,392 2,392 1,779,950 $744 $744 3009846 15 2,563 $1,702,475 $669 2,563 $669 2,563 $1,702,475 $669 15 Min Avg Max Med 2,392 2,734 2,563 2,392 2,734 2,563 2,392 2,734 2,563 $594 $744 $669 $594 $744 $669 $594 $744 $669 15 15 15 $1,625,000 $1,779,950 $1,702,475 $1,625,000 $1,779,950 $1,702,475 Active Total : 2 Listings: Pending 3733 Lipan ST $1,200,000 4 2,688 $446 07/01/23 4 Denver 2,688 2,431 1,249,000 $494 $446 8146759 59 2,688 $1,200,000 $446 2,688 $446 2,431 $1,249,000 $494 59 Min Avg Max Med 2,431 2,431 2,431 2,688 2,688 2,688 2,688 2,688 2,688 $494 $494 $494 $446 $446 $446 $446 $446 $446 59 59 59 $1,249,000 $1,249,000 $1,249,000 $1,200,000 $1,200,000 $1,200,000 Pending Total : 1 Listings: Closed 3620 Jason ST $999,000 3 2,556 $391 $999,000 100% 06/06/23 4 Denver 2,513 1,704 999,000 $586 $398 9948377 6 3703 N Lipan $1,175,000 4 2,697 $426 $1,150,000 89% 06/28/23 4 Denver 2,697 1,8 11 1,295,000 $635 $426 3091659 57 3444 Navajo S T #11 $1,199,000 3 2,273 $510 $1,160,000 91% 06/26/23 5 Denver 2,273 1,877 1,275,000 $618 $510 6895818 28 3701 N Lipan ST $1,295,000 4 2,766 $466 $1,290,000 100% 03/22/23 4 Denver 2,766 1,868 1,295,000 $691 $466 4628374 2 3454 Osage ST $1,449,000 3 2,963 $484 $1,435,000 99% 03/31/23 4 Denver 2,823 2,018 1,449,000 $7 11 $508 8817506 21 Presented By: Kathryn
All data deemed reliable but not guaranteed Copyright REcolorado © 2023. All rights reserved. REcolorado.com
Joyce Bartic
Listings as of 7/21/2023 at 2: 11 pm, Page 2 of 2 Market
| Residential Listing ID City Address Bds Bths Ttl Fin Close Price PSF Fin List Price Orig Price CP/OLP PSF Ttl Close DIM PSF Abv Abv 96% 2,651 $1,223,400 $1,206,800 $456 2,614 $462 1,856 $1,262,600 $648 23 Min Avg Max Med 1,704 2,018 1,868 2,273 2,963 2,697 2,273 2,823 2,697 $586 $7 11 $635 $391 $510 $466 $398 $510 $466 2 57 21 $999,000 $1,449,000 $1,295,000 $999,000 $1,449,000 $1,199,000 89% 100% 99% $999,000 $1,435,000 $1,160,000 Closed Total : 5 Median for all: Average for all : Total Listings 8 1,948 $1,340,244 $1,370,869 25 2,693 2,693 $627 $1,295,000 $1,247,500 $508 $475 2,104 $634 2,6 11 2,634 18 $1,206,800 $1,160,000 Med Avg Max Min Sale Price List Price Quick Statistics Sale / List $1,340,244 $1,247,500 $999,000 $1,779,950 89% 100% 99% 96% $999,000 $1,435,000 $1,206,800 $1,160,000 Presented By: Kathryn Joyce Bartic All data deemed reliable but not guaranteed Copyright REcolorado © 2023. All rights reserved. REcolorado.com
Analysis Summary

Comparable Property Statistics

2 Active Listings P 1 Pending Listings S 5 Sold Listings LOWEST $1,625,000 AVERAGE $1,702,475 HIGH $1,779,950 AVG PRICE / SQFT $669 AVG DOM 14 LOWEST $1,200,000 AVERAGE $1,200,000 HIGH $1,200,000 AVG PRICE / SQFT $446 AVG DOM 59 LOWEST $999,000 AVERAGE $1,206,800 HIGH $1,435,000 AVG PRICE / SQFT $456 AVG DOM 23 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
A
Kathryn Bartic 3038452362

Sold Property Analysis

Averages

95.69%

Homes sold for an average of 95.69% of their list price.

Analysis

23 Days on market

It took an average of 23 days for a home to sell.

ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 3620 Jason Street $999,000 $999,000 100.00% 6 $391 3703 N Lipan $1,295,000 $1,150,000 88.80% 57 $426 3444 Navajo Street 11 $1,275,000 $1,160,000 90.98% 28 $510 3701 N Lipan Street $1,295,000 $1,290,000 99.61% 2 $466 3454 Osage Street $1,449,000 $1,435,000 99.03% 21 $484 Averages $1,262,600 $1,206,800 95.69% 23 $456 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211

Online Valuation Analysis

How accurate are Zestimates?

2.8% $35,900

Zestimates varied up to 2.8% or $35,900 compared to actual MLS prices.

2 Active

1 Pending

5 Sold

A ADDRESS PRICE ZESTIMATE DIFFERENCE 3503 Tejon Street $1,625,000 $1,589,100 -2.2% 1330 W 35th Avenue $1,779,950 $1,745,300 -1.9% P ADDRESS PRICE ZESTIMATE DIFFERENCE 3733 Lipan Street $1,200,000 $1,166,100 -2.8% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 3620 Jason Street 6/6/23 $999,000 $990,600 -0.8% 3703 N Lipan 6/28/23 $1,150,000 $1,145,500 -0.4% 3444 Navajo Street 11 6/26/23 $1,160,000 $1,171,300 1.0% 3701 N Lipan Street 3/22/23 $1,290,000 $1,264,800 -2.0% 3454 Osage Street 3/31/23 $1,435,000 $1,411,900 -1.6%
Source: Zillow
Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211
Kathryn Bartic 3038452362

Summary of Comparable Properties

A ACTIVE LISTINGS

P PENDING LISTINGS

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 3503 Tejon Street - 3 4.00 2,734 $1,625,000 $594 1330 W 35th Avenue - 3 4.00 2,392 $1,779,950 $744 Averages 2,563 $1,702,475 $669
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 3733 Lipan Street - 4 4.00 2,688 $1,200,000 $446 Averages 2,688 $1,200,000 $446
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 3620 Jason Street 6/6/23 3 4.00 2,556 $999,000 $391 3703 N Lipan 6/28/23 4 4.00 2,697 $1,150,000 $426 3444 Navajo Street 11 6/26/23 3 5.00 2,273 $1,160,000 $510 3701 N Lipan Street 3/22/23 4 4.00 2,766 $1,290,000 $466 3454 Osage Street 3/31/23 3 4.00 2,963 $1,435,000 $484 Averages 2,651 $1,206,800 $456 Comparative Market Analysis 1115 West 37th Avenue, Denver, Colorado 80211

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 frst two weeks of marketing are crucial.

☐ The market never lies, but it can change its mind.

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.

at Keller Williams Integrity
PERCENTAGE
+15% +10% Market Value -10% -15% 10% 30% 60% 75% 90%
ASKING PRICE
OF BUYERS

Your best chance of selling your home is in the frst 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 furry of attention and interest in the frst 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.

at Keller Williams Integrity
TIME ON MARKET (IN WEEKS) ACTIVITY 1 2 3 4 5 6

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