Market Analysis Melanie Levin

Comparative Market Analysis

Christopher Wanless

Elite Home Partners

50 S. Steele St. Denver CO 80209 720.837-4299 christopher@elitehomepartnersco.com https://www.facebook.com/ ChristopherWanlessRealEstateBroker/ 720-208-7200

Christopher Wanless

Elite Home Partners

720.837-4299 | christopher@elitehomepartnersco.com

1196 N Grant Street 701 $729,000 $714,781 -2.0% 1200 Acoma Street 206 $599,000 $587,799 -1.9% 930 Acoma Street 214 $599,000 $580,426 -3.1% 55 W 12th Avenue 211 $575,000 $563,144 -2.1%

410 Acoma Street 606 11/10/22 $775,000 $647,200 -16.5% 410 Acoma Street 414 12/29/22 $625,000 $625,100 0.0% 1050 Cherokee Street 308 10/25/22 $515,000 $515,600 0.1% Source: Zillow

This week the median list price for Denver, CO is $645,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46 Inventory has decreased to 585

Market Action Index

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Market Segments

Real-Time Market Profile

Median List Price $645,000 Median Price of New Listings $600,000

Per Square Foot $348 Average Days on Market 81

Median Days on Market 63

Price Decreased 50% Price Increased 3% Relisted 8% Inventory 585 Median Rent $2,605 Market Action 46

Strong Seller's Market

Median List Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-Day Average 90-Day Average

Segments

Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. Top

Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-Day Average 90-Day Average

Inventory

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-Day Average 90-Day Average

Market Action Index

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

7-Day Average 90-Day Average

Market Action Segments

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. Top

Median Days on Market (DOM)

The properties have been on the market for an average of 68 days. Half of the listings have come newly on the market in the past 51 or so days. Watch the 90-day DOM trend for signals of a changing market.

7-Day Average 90-Day Average

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

410 Acoma Street #601, Denver, Colorado 80204

Summary of Comparable Properties

A ACTIVE LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

1196 N Grant Street 701 - 2 2.00 2,106 $729,000 $346

1200 Acoma Street 206 - 1 2.00 1,326 $599,000 $452 930 Acoma Street 214 - 2 2.00 1,489 $599,000 $402

55 W 12th Avenue 211 - 1 1.00 1,190 $575,000 $483

Averages 1,527 $625,500 $421

P PENDING LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

1050 N Cherokee Street 1 307 - 2 2.00 1,632 $697,000 $427

Averages 1,632 $697,000 $427

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

410 Acoma Street 606 11/10/22 2 3.00 1,677 $775,000 $462

410 Acoma Street 414 12/29/22 2 3.00 1,301 $625,000 $480

1050 Cherokee Street 308 10/25/22 2 2.00 1,163 $515,000 $443

Averages 1,380 $638,333 $462

Listings

Christopher Wanless

Home Partners

$729,000

ACTIVE 10/24/22

Details

Prop Type: Condominium County: Denver Subdivision: Capitol Hill

Style: Mid-Century Modern Full baths: 1.0

Features

Accessibility Features: Accessible Approach with Ramp

Appliances: Bar Fridge, Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Wine Cooler

Association Amenities: Bike Storage, Business Center, Elevator(s), Fitness Center, Laundry, Parking, Storage

Association Fee Frequency: Monthly

3/4 Baths: 1.0

Lot Size (sqft): 22,215

List date: 10/24/22

Updated: Jan 3, 2023 9:46 AM

List Price: $729,000

2 Beds 2.00 Baths

2,106 Sq. Ft. ($346 / sqft)

Year Built 1956 Days on market: 71

Association Fee Includes: Electricity, Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water

Association Name: Advance HOA

Association Phone: (303) 482-2213

Association Yn: true

Building Area Source: Public Records

Common Walls: End Unit

Orig list price: $749,000 Assoc Fee: $744 Taxes: $3,995 School District: Denver 1 High: East

Construction Materials: Brick, Concrete

Cooling: Central Air

Direction Faces: West Distance To Bus Numeric: 1

Distance To Bus Units: Blocks

Exterior Features: Balcony, Elevator

Fencing: None

Fireplace Features: Gas, Living Room

Fireplaces Total: 1

Flooring: Tile, Vinyl

Middle: Morey Elementary: Dora Moore

Furnished: Unfurnished

Heating: Forced Air, Natural Gas, Wall Furnace

Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Entrance Foyer, Five Piece Bath, Granite Counters, No Stairs, Pantry, Primary Suite, Smoke Free, Walk-In Closet(s)

Laundry Features: In Unit Levels: One

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 2106

Lot Features: Corner Lot, Landscaped, Near Public Transit

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Features: Asphalt, Lighted

Parking Total: 2

Patio And Porch: Patio

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/ Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Alley Paved, Paved Roof: Rolled/Hot Mop

Remarks

Security Features: Key Card Entry, Radon Detector, Security Entrance, Smart Cameras, Smoke Detector(s)

Senior Community Yn: false Sewer: Public Sewer

Structure Type: Mid Rise (4-7)

Tax Legal Description: GOTHAM CITY CONDOS U-701 STR-76 **

Tax Year: 2021

Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available View: City, Mountain(s)

Virtual Tour: View Water Source: Public Window Features: Window Coverings Zoning: C-MX-5

OPEN HOUSE Jan 21 from 11am to 2pm! PRICE IMPROVED BY $20K. ONE OF A KIND Penthouse condo in vibrant Capitol Hill & enjoy premium top floor living showcasing panoramic views of the mountains & downtown Denver without the luxury price/costly HOA dues. Entertain in the great room w/built in bar, wine & mini fridge enjoying the cozy fireplace or step out to the first of 2 private balconies & take in the sunset over the front range against the backdrop of downtown & the gold-domed State Capitol. Updated kitchen delights w/abundant cabinets, breakfast nook, granite tile countertops, stylish backsplash & stainless appliances including double ovens. Unique layout features TWO bedrooms w/WIC, TWO baths, TWO work from home spaces, TWO balconies & TWO deeded parking spaces! Storage throughout including large in unit laundry room that doubles as a pantry w/built-in cabinets & large closets w/ custom organization systems. Built-in desk leads to the primary suite & has the same finishes as the kitchen creating a cohesive design. Generous primary suite boasts large walk-in closet & luxurious en-suite bathroom w/ double sinks, granite tile countertops & a built-in vanity. New blinds (black-out blinds in the bedrooms), fresh paint, & updated lighting throughout make this home move-in ready. City living at its best, close to downtown, Trader Joe's, shopping, unlimited dining & entertainment options. Relish a low-maintenance lifestyle; Professionally managed HOA has paid for a brand new green roof, new laundry room floor, updated laundry machines, & brand new elevator in past two years. Includes electricity, water, sewer, trash, gas for cooking, laundry, 3x/week cleanings of common areas, gym, storage unit in basement, outdoor gas grills, & building maintenance/facilities. Secure building with fob access in 3 doors around the building. a business center w/wifi. UPGRADED new LVP flooring throughout, new paint & the added bar, built in entertainment center.

Courtesy of Compass - Denver Information is deemed reliable but not guaranteed.

$599,000

1 Bed 2.00 Baths 1,326 Sq. Ft. ($452 / sqft)

ACTIVE 8/4/22 Year Built 2006 Days on market: 163

Details

Prop Type: Condominium County: Denver

Subdivision: Golden Triangle Style: Urban Contemporary Full baths: 1.0

Features

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

Association Amenities: Bike Storage, Concierge, Elevator(s), Front Desk, Garden Area, On Site Management, Parking, Security, Storage

Association Fee Frequency: Monthly

Half baths: 1.0

Lot Size (sqft): 1,306 Garages: 1

List date: 8/4/22

Updated: Jan 14, 2023 2:05 AM

List Price: $599,000

Orig list price: $649,900

Assoc Fee: $782 Taxes: $2,840

School District: Denver 1

High: West Middle: Kepner Elementary: Dora Moore

Association Fee Includes: Capital Reserves, Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Sewer, Snow Removal, Trash, Water

Association Name: Hammersmith Association Phone: 303-980-1700

Association Yn: true

Building Area Source: Public Records

Building Name: Museum Residences

Common Walls: 2+ Common Walls

Construction Materials: Concrete, Frame, Metal Siding, Other

Cooling: Central Air Electric: 220 Volts

Entry Level: 2

Entry Location: Ground Exterior Features: Balcony, Barbecue, Elevator

Flooring: Carpet, Stone, Wood

Furnished: Negotiable Heating: Forced Air, Heat Pump, Natural Gas

Interior Features: Ceiling Fan(s), Elevator, Entrance Foyer, Five Piece Bath, High Ceilings, High Speed Internet, Kitchen Island, No Stairs, Open Floorplan, Primary Suite, Smart Window Coverings, Smoke Free, Stainless Counters, WalkIn Closet(s), Wired for Data

Laundry Features: In Unit

Levels: One

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1326

Lot Features: Master Planned, Near Public Transit

Main Level Bathrooms: 2

Main Level Bedrooms: 1

Number Of Units Total: 36

Parking Features: Concrete, Storage

Remarks

Parking Total: 2

Patio And Porch: Covered, Deck

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/ Remodeled Road Frontage Type: Public Road

Road Surface Type: Paved Roof: Tar/Gravel

Security Features: 24 Hour Security, Carbon Monoxide Detector(s), Key Card Entry, Secured Garage/Parking, Security Entrance, Security Guard, Smoke Detector(s)

Senior Community Yn: false Sewer: Public Sewer Structure Type: Mid Rise (4-7)

Tax Legal Description: MUSEUM RESIDENCES CONDOS U-206 PRK-99 STR-6

Tax Year: 2021

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

View: City, Mountain(s) Virtual Tour: View Water Source: Public Window Features: Double Pane Windows Zoning: B-8-G

A must see! Dont miss this rare opportunity to own this EXCEPTIONAL, one-of-a-kind, open, spacious, light filled unit in one of the most sought-after buildings in Denver, the Museum Residences! Located in the heart of the Golden Triangle, this premier boutique complex designed by world renowned architect Daniel Libeskind has been featured in many notable publications and is within walking distance of bars, eateries, entertainment, cultural and sporting events, parks, and transportation! Experience all the amenities of the city while you enjoy crisp Colorado mornings and magnificent sunsets from your private balcony or host your next gathering atop the stunning rooftop terrace! Enjoy an over 1,300 sf open, flexible floor plan with west facing views, modern open kitchen, high end appliances, gleaming hardwood floors, lofted ceilings, and floor to ceiling windows! You will love the primary bedroom w/ adjoining 5-piece bathroom suite, large walk in closet, AND flexible office/den area that can be converted to a guest area/bedroom space. A guest suite is also available to residents for a minimal nightly rate. The lush rooftop terrace features picnic/eating areas, event tent, gardens, pantry, and dog areas. You will also enjoy exceptional security, concierge service, package delivery to your door, and a deeded use-only parking space in the secured/gated parking garage with the opportunity to rent additional spaces if available. In addition, you will have a secured 5X7 storage area and separate bicycle storage. Urban perfection!

Details

Prop Type: Condominium County: Denver Subdivision: Whitsitts Additon To Denver

Full baths: 1.0

Features

Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Gas, Snow Removal, Trash, Water Association Name: Metropolitan Lofts Homeowners Association Association Phone: 720-464-4212

Association Yn: true

3/4 Baths: 1.0

Lot Size (sqft): List date: 1/5/23 Updated: Jan 11, 2023 10:02 AM

List Price: $599,000

Orig list price: $599,000

Assoc Fee: $665 Taxes: $2,689

School District: Denver 1 High: West Middle: West Leadership Elementary: Dora Moore

Building Name: Metropolitan Lofts

Construction Materials: Brick, Concrete, Frame

Cooling: Central Air Electric: 110V

Exterior Features: Balcony Flooring: Carpet, Tile, Vinyl Heating: Forced Air

Interior Features: High Ceilings, Open Floorplan, Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1489

Main Level Bathrooms: 1

Parking Features: Storage, Underground Parking Total: 2

Pets Allowed: Yes Roof: Metal

Security Features: Security Entrance, Security System

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: Mid Rise (4-7)

Tax Legal Description: METROPOLITAN LOFTS CONDOS U-214 PRK-55, 56 STR-36

Tax Year: 2021

Utilities: Cable Available, Electricity Available

Water Source: Public Zoning: D-GT

Remarks

Location! Location! 2nd-story unit in desirable Metro Lofts! Soaring 17-ft ceilings, light and bright open floor plan. Kitchen features an abundance of cabinetry, stainless-steel appliances, and countertop seating x4, which backs to the Dining Room, and Living Roomperfect for entertaining! Laundry Room with stackable and storage on the main level. Upper level has the Primary Bedroom suite, walk-in closet, and 3/4 Bath. Loft is perfect for an in-home office or second nonconforming bedroom. Balcony off the living room overlooks the beautifully manicured courtyard. Includes two deeded and secured underground parking spots as well as a storage unit. The Metro Lofts community is pet friendly, and located in the Golden Triangle neighborhood! Ideally located near downtown Denver and Capitol Hill, walking distance to several restaurants, coffee shops, and nightlife. Convenient to Cherry Creek bikeway.

Courtesy of TRELORA Realty, Inc. Information is deemed reliable but not guaranteed.

ACTIVE 10/21/22

Details

Prop Type: Condominium County: Denver

Subdivision: Golden Triangle

Full baths: 1.0

Features

Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer

Association Amenities: Bike Storage, Concierge, Elevator(s), Front Desk, Garden Area, Parking, Security

Association Fee Frequency: Monthly

Lot Size (sqft): List date: 10/21/22

Updated: Nov 12, 2022 7:05 AM

List Price: $575,000

1 Bed 1.00 Baths 1,190 Sq. Ft. ($483 / sqft)

Year Built 2006 Days on market: 22

Association Fee Includes: Capital Reserves, Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Security, Sewer, Snow Removal, Trash, Water

Association Name: Hammersmith Association Phone: 303-980-0700

Association Yn: true Building Area Source: Public Records

Orig list price: $575,000 Assoc Fee: $705 Taxes: $2,676

School District: Denver 1

High: West Middle: Dora Moore Elementary: Dora Moore

Construction Materials: Concrete, Metal Siding Cooling: Central Air Electric: 110V

Exterior Features: Balcony Flooring: Wood Heating: Forced Air

Interior Features: Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Steel Counters

Laundry Features: In Unit Levels: One

Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo

Living Area Total: 1190

Main Level Bathrooms: 1 Main Level Bedrooms: 1

Parking Features: Underground Parking Total: 1

Pets Allowed: Cats OK, Dogs OK, Number Limit

Roof: Unknown

Security Features: 24 Hour Security, Key Card Entry, Secured Garage/Parking, Security Entrance, Security Guard

Senior Community Yn: false Sewer: Public Sewer

Structure Type: Mid Rise (4-7)

Tax Legal Description: MUSEUM RESIDENCES CONDOS U-211 PRK-11 STR-122

Tax Year: 2021

Remarks

Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available Virtual Tour: View Water Source: Public Zoning: B-8-G

The Museum Residences in the Golden Triangle combine the unique architectural style of award-winning designer David Libeskind with the convenience and access to the Civic Center Cultural Complex. With Museums, Libraries, Restaurants and coffee shops at your doorstep, the Museum Residences truly deliver an upscale urban experience. The building features full time security, underground parking, a storage room and one of the coolest rooftop garden terraces around. The Unit itself has an open floor plan with floor to ceiling windows to the south enveloping the unit with natural light. The kitchen contains Bosh and Liebherr appliances with a combination of dark granite and stainless-steel countertops and Berloni Cabinets. The inset balcony, Master Bedroom and sophisticated Master Bath complete this Urban Masterpiece. You have to see it to believe it so schedule your showing today!

Courtesy of RE/MAX ALLIANCE Information is deemed reliable but not guaranteed.

Christopher Wanless

Elite Home Partners 720.837-4299 | christopher@elitehomepartnersco.com

$697,000

PENDING 12/30/22

Details

Prop Type: Condominium County: Denver Subdivision: Golden Triangle Style: Mid-Century Modern Full baths: 2.0

Lot Size (sqft): Garages: 2

2 Beds 2.00 Baths 1,632 Sq. Ft. ($427 / sqft)

Year Built 1998 Days on market: 133

Updated: Dec 30, 2022 3:04 AM

Taxes: $3,269

List date: 8/3/22

Pending date: 12/30/22

Off-market date: 12/30/22

List Price: $697,000

Orig list price: $719,000 Assoc Fee: $609

Association Fee Includes: Capital Reserves, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Association Name: Grand Cherokee Condominium Association

Association Phone: 720-432-4604

Association Yn: true

Building Area Source: Public Records

Building Name: Cherokee Lofts

Common Walls: End Unit

Construction Materials: Block, Concrete, Other Cooling: Central Air

Direction Faces: West

Distance To Bus Numeric: 3

Distance To Bus Units: Blocks

Electric: 220 Volts

Entry Level: 3

Exterior Features: Balcony, Private Yard

Fencing: Full Flooring: Wood

School District: Denver 1 High: West Middle: Kepner Elementary: Dora Moore Features Accessibility Features: Accessible Approach with Ramp Appliances: Dishwasher, Disposal, Dryer, Oven, Range Hood, Refrigerator, Washer Association Amenities: Bike Storage, Gated, Storage Association Fee Frequency: Monthly

Foundation Details: Concrete Perimeter, Structural Furnished: Negotiable

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Elevator, Entrance Foyer, Granite Counters, Kitchen Island, Open Floorplan, Primary Suite, Smoke Free, Vaulted Ceiling(s)

Laundry Features: In Unit

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 1632

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Features: Concrete, Lighted, Storage Parking Total: 2

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/ Remodeled

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Membrane

Security Features: Secured Garage/Parking, Security Entrance, Smoke Detector(s)

Senior Community Yn: false Sewer: Public Sewer

Structure Type: Mid Rise (4-7)

Tax Legal Description: GRAND CHEROKEE LOFTS CONDOS U-307 PRK-38 STR-38

Tax Year: 2018 Utilities: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

View: Mountain(s)

Water Source: Public Window Features: Double Pane Windows, Window Coverings Zoning: B-8-G

Remarks

ENJOY URBAN LIVING AT ITS FINEST IN THIS TOTALLY UPDATED LOFT IN DOWNTOWN DENVER'S GOLDEN TRIANGLE NEIGHBORHOOD, SPACIOUS SW CORNER UNIT, DRAMATIC 18 FOOT TALL CEILING WITH NEW WINDOWS,REMOTE CONTROL ELECTRONIC SHADES,NEW DESIGNER BATHROOMS,GRANITE COUNTER TOPS THROUGHOUT, LARGE OPEN KITCHEN WITH ISLAND,NEW BUILT-IN CLOSETS AND STORAGE, NEW HARDWOOD FLOORS, BALCONY WITH CITY AND MOUNTAIN VIEWS, 2 PARKING SPACES (TANDEM SPACE) AND A STORAGE LOCKER IN SECURE GARAGE, SECURITY BUILDING

Courtesy of Fidelity Realty & Investments Information is deemed reliable but not guaranteed.

Christopher Wanless Elite Home Partners 720.837-4299 | christopher@elitehomepartnersco.com

$775,000

CLOSED 11/10/22

Details

Prop Type: Condominium County: Denver

Subdivision: Downtown

Full baths: 2.0

Half baths: 1.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven

Association Amenities: Bike Storage, Clubhouse, Concierge, Elevator(s), Fitness Center, Front Desk, On Site Management, Parking, Pool, Security, Spa/Hot Tub

Association Fee Frequency: Monthly

Lot Size (sqft): Garages: 2

List date: 10/18/22

Sold date: 11/10/22

Off-market date: 10/24/22

2 Beds 3.00 Baths 1,677 Sq. Ft. ($462 / sqft)

Year Built 2006 Days on market: 6

Association Fee Includes: Capital Reserves, Electricity, Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Security, Sewer, Snow Removal, Trash, Water

Association Name: Associa Colorado

Association Phone: 303-232-9200

Association Yn: true

Building Area Source: Appraiser

Updated: Nov 10, 2022 3:58 AM

List Price: $799,000

Orig list price: $799,000 Assoc Fee: $913

Taxes: $3,628

School District: Denver 1

High: West Middle: Grant Elementary: Valverde

Building Name: Watermark

Concessions: Other

Concessions Amount: 150

Construction Materials: Brick

Cooling: Central Air

Entry Level: 6

Entry Location: Corridor Access

Fencing: None

Fireplace Features: Electric, Living Room

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

Heating: Forced Air, Heat Pump

Interior Features: Breakfast Nook, Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, Kitchen Island, No Stairs, Open Floorplan

Laundry Features: In Unit Levels: One

Listing Terms: Cash, Conventional

Living Area Total: 1677

Main Level Bathrooms: 3

Main Level Bedrooms: 2

Parking Features: Heated Garage

Parking Total: 2

Pets Allowed: Cats OK, Dogs OK

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Unknown

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

Senior Community Yn: false Sewer: Public Sewer Structure Type: Mid Rise (4-7)

Tax Legal Description: WATERMARK VILLAGE CONDOS U-606 PRK-72, 94 STR-TBD

Tax Year: 2021

View: Mountain(s)

Water Source: Public Window Features: Double Pane Windows, Window Treatments

Zoning: C-MX-8

Remarks

Wow! This place is amazing!- Located in the luxurious Watermark building, This 2 bedroom, 2.5 bath condo is the best you'll find. Custom upgrades abound in this former decorator's unit - including 2 deeded parking spaces! This West facing condo not only offers breathtaking Mountain views - but is also the quietest spot in the complex. This home has a true Chef's gourmet kitchen with a huge 92 x 41 Granite island - perfect for prep and entertaining, stainless appliances, and 17 slow close drawers offering a ton of storage. Beautiful Master suite with extra long Duravit soaking tub and side faucets. This home offers a den - that is perfect for an office, Google Web pass (super fast internet) is available as well. The HOA includes all utilities (gas, electric, water, heat) There is an on site fitness center and incredible roof top pool and party space. The views from the roof top pool are some of the best in Denver. Located just a block off Broadway, easy access to the mountains for skiing and hiking , walking to distance to restaurants and bars and just minutes from both Cherry Creek and downtown. You will LOVE it here!

Courtesy of Coldwell Banker Global Luxury Denver Information is deemed reliable but not guaranteed.

$625,000

CLOSED 12/29/22

Details

Prop Type: Condominium County: Denver Subdivision: Watermark Village Style: Contemporary Full baths: 2.0

Features

Accessibility Features: Accessible Approach with Ramp

Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Association Amenities: Bike Storage, Clubhouse, Concierge, Elevator(s), Fitness Center, Front Desk, On Site Management, Pool, Security, Spa/Hot Tub

Association Fee Frequency: Monthly

Half baths: 1.0

Lot Size (sqft): Garages: 2

List date: 11/2/22

Sold date: 12/29/22

2 Beds 3.00 Baths 1,301 Sq. Ft. ($480 / sqft)

Year Built 2006 Days on market: 42

Association Fee Includes: Electricity, Gas, Insurance, Maintenance Grounds, Maintenance Structure, Security, Snow Removal, Trash, Water

Association Name: Associa Colorado Association Phone: 303-232-9200

Association Yn: true

Building Area Source: Public Records

Off-market date: 12/14/22

Updated: Dec 29, 2022 5:36 AM

List Price: $645,000

Orig list price: $660,000 Assoc Fee: $686

Common Walls: 2+ Common Walls

Concessions: No

Construction Materials: Brick, Concrete, Stucco

Cooling: Central Air

Direction Faces: West Exterior Features: Balcony, Elevator, Lighting, Spa/Hot Tub

Flooring: Wood

Heating: Forced Air

Taxes: $3,127

School District: Denver 1 High: West Middle: KIPP Sunshine Peak Academy Elementary: Valverde

Interior Features: Eat-in Kitchen, Elevator, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, No Stairs, Open Floorplan, Primary Suite, Walk-In Closet(s)

Laundry Features: In Unit Levels: One

Listing Terms: Cash, Conventional

Living Area Total: 1301 Lot Features: Landscaped, Near Public Transit

Main Level Bathrooms: 3

Main Level Bedrooms: 2

Parking Features: Heated Garage, Lighted, Underground Parking Total: 2

Pets Allowed: Cats OK, Dogs OK

Pool Features: Outdoor Pool

Roof: Tar/Gravel

Senior Community Yn: false Sewer: Public Sewer

Structure Type: Mid Rise (4-7)

Remarks

Tax Legal Description: WATERMARK VILLAGE CONDOS U-414 PRK-93, 109 STR-B 2

Tax Year: 2021

Virtual Tour: View Water Source: Public

Window Features: Bay Window(s), Double Pane Windows

Zoning: C-MX-8

Location! Location! Location! Enjoy a carefree urban lifestyle in the luxurious Watermark building located in the vibrant Baker neighborhood. This Incredible unit facing west has jaw-dropping views of the Rocky Mountains and is just minutes away from many of downtown Denvers hot spots, a block away from Broadway, easy access to the mountains for skiing and hiking, walking distance to restaurants and bars, & minutes from Cherry Creek! The home sparkles with many custom, high-end finishes, and upgrades that bring style and elegance. One of the best open floorplans in the building, with a spacious great room, large dining room area, and office nook space! High-end finishes throughout the home, including ash hardwood floors, kitchen with upgraded faucet and sink, high-end stainless steel appliances, raised cabinets for more prep space, slab granite, and upgraded lighting! Settle into one of two large bedroom suites both with walk-in California closets and large bathrooms. Enjoy the convenience of an in-unit washer & dryer, an outdoor balcony to enjoy the views, and 2 secured garage spaces. The Watermark feels like a luxury hotel with an on-site concierge, a rooftop infinity pool with a hot tub, and the rooftop is complimented by 180-degree mountain views! Tons of value for your HOA fee which includes heat, water, electric, concierge, gym, and more! Schedule your showing today and don't miss out on this wonderful unit in a prime location with outstanding amenities!

Courtesy of 8z Real Estate Information is deemed reliable but not guaranteed.

Christopher Wanless

Elite Home Partners 720.837-4299 | christopher@elitehomepartnersco.com

Details

Prop Type: Condominium County: Denver

Subdivision: Golden Triangle Style: Contemporary,Loft,MidCentury Modern,Urban Contemporary

Full baths: 1.0

Features

Association Amenities: Bike Storage, Elevator(s), Gated, Storage

Association Fee Frequency: Monthly

Association Fee Includes: Capital Reserves, Insurance, Recycling, Sewer, Snow Removal, Trash, Water

Association Name: Grand Cherokee Condominium Association

Half baths: 1.0

Lot Size (sqft): Garages: 1

List date: 9/24/22

Sold date: 10/25/22

Off-market date: 10/10/22

Updated: Oct 25, 2022 2:54 PM

List Price: $525,000

Orig list price: $525,000 Assoc Fee: $409 Taxes: $2,465

School District: Denver 1 High: West Middle: Morey Elementary: Greenlee

Association Phone: 720-432-4604

Association Yn: true

Builder Model: Classic, Chic & Urban Loft

Building Area Source: Public Records

Building Name: Grand Cherokee Lofts

Concessions: No Construction Materials: Concrete

Cooling: Central Air Distance To Bus Numeric: 1 Distance To Bus Units: Minutes

Entry Location: Courtyard

Exterior Features: Balcony, Elevator, Garden, Lighting

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

Interior Features: Elevator, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Primary Suite, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: In Unit, Laundry Closet

Levels: Two

Listing Terms: Cash, Conventional Living Area Total: 1163

Lot Features: Near Public Transit

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Features: Exterior Access Door, Insulated, Lighted, Storage, Underground Parking Total: 1

Remarks

Pets Allowed: Cats OK, Dogs OK

Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Roof: Rolled/Hot Mop Senior Community Yn: false

Sewer: Community Structure Type: Mid Rise (4-7)

Tax Legal Description: GRAND CHEROKEE LOFTS CONDOS U-308 PRK-17 STR-19

Tax Year: 2021

Utilities: Cable Available, Electricity Available, Electricity Connected

View: City Window Features: Window Coverings, Window Treatments Zoning: B-8-G

Classic & dreamy loft in the incredible Golden Triangle Neighborhood! Centrally located with every amenity imaginable at your fingertips. Enjoy the grand soaring 20ft ceilings with epic picture windows. The perfect floorplan for entertaining or having a private evening at home. This boutique home exudes so much sass, class and culture! An abundance of natural light with views of the private courtyard adorned by unique art. The flex space on the main can be easily converted to a 2nd bedroom or as a office, gym, he/she/ them room. Worlds largest walk in closet! Easy access to cool shops, delicious restaurants and cultural entertainment galore.

Courtesy of ONE REALTY LLC Information is deemed reliable but not guaranteed.

Christopher Wanless

Elite Home Partners 720.837-4299 | christopher@elitehomepartnersco.com

Analysis

Christopher Wanless

LOWEST

$575,000

AVERAGE $625,500

HIGH $729,000

AVG PRICE / SQFT $421 AVG DOM 65

LOWEST $697,000

AVERAGE $697,000

HIGH $697,000

AVG PRICE / SQFT $427 AVG DOM 133

LOWEST $515,000

AVERAGE $638,333

HIGH $775,000

AVG PRICE / SQFT $462 AVG DOM 21

Averages 97.3%

Homes sold for an average of 97.3% of their list price.

Analysis

Days on market

It took an average of 21 days for a home to sell.

410 Acoma Street 606 $799,000 $775,000 97.00% 6 $462

410 Acoma Street 414 $660,000 $625,000 94.70% 42 $480

1050 Cherokee Street 308 $525,000 $515,000 98.10% 16 $443

Averages $661,333 $638,333 96.52% 21 $462

INTELLIGENT PRICING & TIMING

Pricing a home for sale is as much art as science, but there are a few truisms that never change.

☐ Fair market value attracts buyers, overpricing never does.

☐ The first two weeks of marketing are crucial.

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

PRICE

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.

ACTIVITY

1 2 3 4 5 6

TIME ON MARKET (IN WEEKS)

Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks.

If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage.

The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.