684 Ridgemont Place

at Keller Williams Integrity

Comparative Market Analysis

Rachel Schoonover

Keller Williams Integrity

This week the median list price for Highlands Ranch, CO is $730,000 with the market action index hovering around 56 This is an increase over last month's market action index of 54 Inventory has decreased to 127

Marke

This answers “How’s the Market?”

rate of sales

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI If the market heats up, prices are likely to resume an upward climb.

Marke t Segme n ts

Highlands Ranch, CO

Re al-Time Marke t Profile

Median List Price $730,000 Median Price of New Listings $727,450

Per Square Foot $246 Average Days on Market

Median Days on Market

Price Decreased 65%

Price Increased 2% Relisted 4%

Inventory 127 Median Rent $2,825 Market Action 56

Strong Seller's Market

Each segment below represents approximately 25% of the market ordered by price.

Median

10,000

6,500 8,000

6,500

6,500 sqft

Ranch, CO

Me d ian 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

Segme n ts

Prices have generally settled at a plateau, although Quartile 1 has been trending a bit downward in recent weeks. We’ll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.

Top 90-Day

90-Day

90-Day Bottom 90-Day

Ranch, CO

Price Pe r Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money

$150

I n ve n tory

7-Day Average 90-Day Average

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

Ranch, CO

Marke t Act ion I n d e x

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

7-Day Average 90-Day Average

Marke t Act ion Segme n ts

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.

Ranch, CO

Me d ian Days on Marke t (DO M)

The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the past 26 or so days. Watch the 90-day DOM trend for signals of a changing market.

Oct

Segme n ts

7-Day Average 90-Day Average

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

90-Day

90-Day Bottom 90-Day

OWNER INFORMATION

Owner Name Monis Yosuf

Mailing ZIP 4 5583

Mailing Address 684 Ridgemont Pl Mailing Carrier Route R015

Mailing City & State Highlands Ranch, CO Owner Occupied Yes

Mailing Zip 80126

LOCATION INFORMATION

Property Zip 80126

Census Tract 141 33

Property Zip4 5583 Neighborhood Code 225 225

Property Carrier Route R015 Neighborhood Name (OnBoard) Southridge

School District Douglas County Re 1 Township 06

Elementary School Bear Canyon Range 68

Middle School Mountain Ridge Section 15 High School Mountain Vista Quarter SE Subdivision Highlands Ranch Lot 82 Zoning PDU

TAX INFORMATION

PIN R0418464

% Improved 80%

Alternate PIN 222915406017 Tax District 3602

Schedule Number 0418464

Legal Description LOT 82 HIGHLANDS RANCH #118 L. 0.244 AM/L

ASSESSMENT & TAX

Assessment Year 2022 Preliminary 2021 2020 2019

Market Value Land $145,139 $145,139 $131,916 $131,916

Market Value Improved $597,498 $597,498 $569,108 $569,108

Market Value Total $742,637 $742,637 $701,024 $701,024

Assessed Value Land $10,090 $10,380 $9,430 $9,430

Assessed Value Improved $41,530 $42,720 $40,690 $40,690

Assessed Value Total $51,620 $53,100 $50,120 $50,120

YOY Assessed Change (%) 2 79% 5 95% 0%

YOY Assessed Change ($) $1,480 $2,980 $0

Tax Year Total Tax Change ($) Change (%) 2019 $4,666 2020 $4,648 $17 0 37% 2021

$256

Value As Of

LISTING INFORMATION

MLS Listing Id 3427791

MLS Days On Market 131

MLS Source REcolorado

MLS Current Price $1,250,000

MLS Original List Price $1,250,000

MLS Listing Contract Date 04/25/2022

MLS Status Withdrawn MLS List Office Name REAL BROKER LLC

MLS Status Change Date 09/23/2022

MLS List Agent Full Name 023203-Steven Pilkington

MLS Listing # 6750714

MLS Source History REcolorado

MLS Status Closed

MLS Listing Price $660,000

MLS Orig Listing Price $660,000

MLS Listing Close Price $650,000

MLS Listing Date 05/11/2016

MLS Close Date 07/08/2016

LAST MARKET SALE & SALES HISTORY

Sale Date

07/06/2016

Sale Price $650,000

Deed Type

Warranty Deed

Owner Name Monis Yosuf

Price per SqFt Finished $195 96 Seller Obrien Steven J & Corie A

Document Number 45279

Sale Date 07/06/2016 04/24/2002

Sale Price $650,000 $444,800

Buyer Monis Yosuf Obrien Steven J & Corie A

Buyer Obrien Corie A

Seller Obrien Steven J & Corie A Shea Homes

Document Number 45279 2325-126

Document Type Warranty Deed Warranty Deed

Title Company Cherry Creek Title

MORTGAGE HISTORY

First American Heritage Title

Mortgage Date 09/01/2017 07/12/2016 03/20/2012 03/20/2012 04/08/2009

Mortgage Amount $75,000 $520,000 $40,450 $405,000 $417,000

Mortgage Lender Arapahoe Cu Wells Fargo Bk Na Tcf Nat'l Bk

Stearns Lndg Inc America's Mtg LLC

Borrower Monis Yosuf Monis Yosuf Obrien Steven J Obrien Steven J Obrien Steven J

Borrower Obrien Corie A Obrien Corie A Obrien Corie A

Mortgage Type Conventional Conventional Conventional Conventional Conventional

Mortgage Purpose Refi Resale Refi Refi Refi

Mortgage Int Rate Type

Mortgage Term 15 30 30 30 30

Mortgage Term Years Years Years Years Years

Title Company Fidelity National Title I nsura

Fidelity National Title Insura Canyon Title Co

Mortgage Date 04/08/2009 06/18/2007 10/26/2004

Mortgage Amount $47,000 $50,125 $25,000

Mortgage Lender M&I Bk Fsb National Cty Bk

National Cty Bk

Borrower Obrien Steven J Obrien Steven J Obrien Steven J

Borrower Obrien Corie A Obrien Corie A Obrien Corie A

Mortgage Type Conventional Conventional Conventional

Mortgage Purpose Refi Refi Refi

Mortgage Int Rate Type Fixed Rate Loan

Mortgage Term 15 30 20

Mortgage Term Years Years Years

Title Company Canyon Title Co North American Title

are

Property

Courtesy of Rachel Schoonover, REcolorado

Online

Analysis

Zestimates varied up to 2.2% or $24,673 compared to actual MLS prices.

1

ADDRESS PRICE ZESTIMATE DIFFERENCE

702 Hughes Lane $829,000 $820,100 1 1%

ADDRESS PRICE ZESTIMATE DIFFERENCE

10565 Starglow Court $1,500,000 $1,490,500 -0 6%

ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE

459 Rose Finch Circle 8/19/22 $864,900 $871,600 0.8%

707 Ridgemont Circle 8/5/22 $1,095,000 $1,106,100 1 0% 724 Ridgemont Circle 9/29/22 $1,100,000 $1,124,673 2.2%

Source: Zillow

Rachel Schoonover

Williams

Map of Comparable Listings

STATUS:

1 Subject

2 4225240

3246371

6281930

Hughes

Starglow

3,317

00 2,688 $829,000

00 4,134 $1,500,000

3,946 $864,900

4,294 $1,095,000

4,305 $1,100,000

Features

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

Association Amenities: Clubhouse, Fitness Center, Pool, Tennis Court(s), Trail(s)

Association Fee Frequency: Quarterly

Association Name: HRCA

Association Phone: 303-471-8815

Association Yn: true

Basement: Full Below Grade Unfinished Area: 11790

Builder Name: Sanford Homes

Construction Materials: Frame

Cooling: Central Air

Direction Faces: East Fireplace Features: Family Room

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

702 Hughes Lane

Heating: Forced Air, Natural Gas

Levels: Two

Listing Terms: Cash, Conventional, FHA

Living Area Total: 2688

Lot Features: Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 2

Main Level Bedrooms: 1

Parking Total: 3

Patio And Porch: Covered, Deck

Details

Prop Type: Single Family Residence County: Douglas

Subdivision: Mansion Place

Full baths: 2.0

Half baths: 1.0

Lot Size (sqft): 7,841

Garages: 3

List date: 7/21/22

Updated: Aug 30, 2022 1:57 AM

List Price: $829,000

Orig list price: $865,000

Assoc Fee: $155

Taxes: $3,950

School District: Douglas RE 1

High: Mountain Vista

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House Tax Legal Description: LOT 12 PARCEL 2 HIGHLANDS RANCH 97H .18 AM/L

Tax Year: 2021 View: Mountain(s)

Water Source: Public Zoning: PDU

Middle: Mountain Ridge

Elementary: Bear Canyon

Keller Williams Integrity

Rachel Schoonover

Remarks

Buyer Got Cold Feet! Price Reduced on this Beautifully Updated Sanford home in Mansion Place. The main floor features refinished Hardwood and Tile Floors. New interior paint! New Granite in the kitchen with GE Profile Stainless Appliances and skylight! Updated Lighting and Plantation Shutters! Large Main Floor Master with spacious closet, updated Master Bath including huge shower and a 6 ft jetted tub! 3 Large Bedrooms upstairs all with crown molding and ceiling fans plus a loft and an additional office in the garden level basement! Lots of additional space in basement for expansion. Tankless water heater, updated Furnace and AC. 3 Car garage with lots of storage and cabinet space. The large back yard on this corner lot has big trees and is great for entertaining complete with a stone patio and a deck with a retractable awning.

Rachel Schoonover Keller Williams Integrity

Rachel Schoonover

Keller Williams

Features

Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Microwave, Refrigerator, Sump Pump, Water Purifier, Water Softener

Association Amenities: Clubhouse, Fitness Center, Gated, Playground, Pool, Spa/Hot Tub, Trail(s)

Association Fee 2: 285

Association Fee 2 Frequency: Monthly

Association Fee Frequency: Quarterly

Association Fee Includes: Capital Reserves, Maintenance Grounds, OnSite Check In, Recycling, Road Maintenance, Trash

Association Name: Highlands Ranch Community Association

Association Name 2: BackCountry Assocaition Association Phone: 303-791-5800

Association Phone 2: 303-232-9200

Association Yn: true Basement: Finished, Full, Sump Pump

Below Grade Unfinished Area: 91 0

Builder Model: Autumn Haven

Builder Name: Shea Homes

Building Area Source: Public Records

Construction Materials: Stone, Stucco

Cooling: Central Air

Direction Faces: East

Exterior Features: Fire Pit, Gas Grill, Lighting, Private Yard, Spa/Hot Tub

Fencing: Full

Fireplace Features: Living Room, Outside

Fireplaces Total: 2

Heating: Forced Air, Natural Gas

10565 Starglow Court

Interior Features: Ceiling Fan(s), Corian Counters, Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, Jack & Jill Bath, Kitchen Island, Open Floorplan, Smoke Free, Spa/ Hot Tub, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 4134

Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Concrete, Oversized

Parking Total: 3

Patio And Porch: Covered, Front Porch, Patio

Pets Allowed: Yes

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Concrete

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

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: Lot 177 Highlands Ranch 118-S 0 204 AM/L

Tax Year: 2021

View: Mountain(s)

Virtual Tour: View

Water Source: Public

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

Rachel

Keller

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Backcountry

Full baths: 2.0

3/4 Baths: 2.0

Half baths: 1.0

Remarks

Lot Size (sqft): 8,712

Garages: 3

List date: 7/21/22

Pending date: 8/21/22

Off-market date: 8/21/22

Updated: Aug 21, 2022 4:41 PM

List Price: $1,500,000

Orig list price: $1,574,900 Assoc Fee: $155

Taxes: $5,429

School District: Douglas RE 1

High: Mountain Vista

Middle: Ranch View Elementary: Stone Mountain

LOCATION LOCATION LOCATION! This stunner is located on a corner lot, on a private side street, on a double cul-desac in coveted BackCountry! Backcountry is a gated community offering the finest of amenities including full social calendar, parks, pool, clubhouse with fitness center, an outdoor amphitheater and miles of maintained trails - it offers Colorado living at its finest. This stunning Shea home, built in 2016, has been impeccably maintained by the original owners, offers mountain views, stunning landscape, outdoor living with covered patio and a fully finished basement. Privacy at its finest on a side street, the exterior of this home boasts ample outdoor living spaces with an outdoor covered dining room and year-round mounted TV, a stone-treated built-in grill and cooler, a fire pit with built-in seating, a hot tub overlooking the mountain views and a spacious yard with oversized landscaping that has begun to mature. The interior of this home will impress and includes natural LPV flooring throughout, plantation shutters, tasteful ceiling treatments, great-room style living off of the gourmet kitchen, four bedrooms up with ample bathroom space, a private and spacious master retreat and a fully finished lower level. The lower level, finished by well-respected Elkstone, includes an additional bedroom, full wet bar, with stunning 2-tier slab quartz island, expansive secondary family room, and an exercise room. For those who know BackCountry, you will find this one is a gem - ideal interior location, impeccable condition and finishes to impress. Buyer to verify square footage.

Rachel Schoonover

Williams Integrity

Rachel Schoonover

Keller Williams

Features

Appliances: Dryer, Microwave, Oven, Range, Washer

Association Amenities: Pool Association Fee 2: 165

Association Fee 2 Frequency: Semi-Annually

Association Fee Frequency: Quarterly

Association Name: HRCA

Association Name 2: Indigo Hill

Association Phone: 303-791-2500

Association Phone 2: 303-804 9800

Association Yn: true

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Full baths: 30

Basement: Finished, Full Below Grade Unfinished Area: 690

Building Area Source: Public Records

Concessions: Buyer Closing Costs/Seller Points Paid

Concessions Amount: 750 Construction Materials: Brick, Frame

Cooling: Central Air Fireplace Features: Family Room, Insert

Fireplaces Total: 1

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

459 Rose Finch Circle

Williams Integrity

3/4 Baths: 2.0

Lot Size (sqft): 7,532

Garages: 3

List date: 6/16/22

Sold date: 8/19/22

Interior Features: Built-in Features, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Five Piece Bath, Granite Counters, Jack & Jill Bath, Kitchen Island, Primary Suite, Smoke Free, Sound System, Vaulted Ceiling(s), Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 3946

Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Main Level Bedrooms: 1

Parking Total: 3 Patio And Porch: Deck, Patio

Roof: Composition Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 346 HIGHLANDS RANCH #118G. 0173 AM/L

Tax Year: 2021

Virtual Tour: View

Water Source: Public Window Features: Double Pane Windows

Zoning: PDU

Off-market date: 7/21/22

Updated: Aug 22, 2022 1:58 AM

List Price: $864,900

Orig list price: $889,000

Assoc Fee: $220

Taxes: $3,943

School District: Douglas RE 1

High: Thunderridge

Rachel Schoonover

Remarks

**PRICE IMPROVEMENT & SELLER CREDIT (up to $12K) TO BUYDOWN RATE** Check out the Buydown rate sheet link to view possible monthly savings! https://report.mortgagecoach com/#ce43aa3a-7911-476c-bb56-51e290728bb3

Fantastic Indigo Hills Home just hit the market in Highlands Ranch!! This 2 story home features 6 bedrooms, 5 bathrooms and almost 4,000 sq ft of finished living space. The first floor welcomes you home to an open living room with wood floors, tall windows, vaulted ceilings, and an ample amount of natural light, followed by a designated dining area, and family room. The kitchen comes equipped with granite counter tops, a kitchen island, and plenty of cabinets for storage. Once upstairs you will find a spacious primary bedroom, equipped with a 5-piece bath and soaker tub, 2 additional bedrooms with a shared bathroom and fourth bedroom with its own bathroom. If thats not enough space, spend some time in the finished basement with plenty of space to sprawl out, work out, or make it your own. During the summer, entertain in style on the custom patio or relax near the fire pit under the string lighting. Wait, thats not all! There is a complete home and patio, built-in, audio system, new furnace (2020), new A/C (2020), newer water heater (2019), and newer roof (2016). Start your next chapter at 459 Rose Finch. Welcome Home!

Rachel Schoonover

Williams Integrity

Middle: Ranch View Elementary: Saddle Ranch

Rachel Schoonover

Keller Williams Integrity

Features

Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Humidifier, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer, Water Softener

Association Amenities: Clubhouse, Fitness Center, Park, Playground, Pool, Tennis Court(s), Trail(s)

Association Fee 2: 247

Association Fee 2

Frequency: Quarterly

Association Fee Frequency: Quarterly

Association Fee Includes: Maintenance Grounds, Trash

Association Name: HRCA

Association Name 2: Stonebury/ HG Management Association Phone: 303-471-8958

Association Phone 2: 303-804 9800

Association Yn: true Basement: Partial Below Grade Unfinished Area: 1190

Building Area Source: Public Records

Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 5000

Construction Materials: Stone, Wood Siding

Cooling: Central Air

Direction Faces: West Electric: 220 Volts

Fireplace Features: Basement, Family Room, Gas Log, Living Room, Primary Bedroom

Fireplaces Total: 4

Flooring: Carpet, Tile, Wood Foundation Details: Structural

Heating: Forced Air, Natural Gas

Interior Features: Breakfast Nook, Ceiling Fan(s), Five Piece Bath, High Ceilings, In-Law Floor Plan, Kitchen Island, Open Floorplan, Primary Suite, Quartz Counters, Radon Mitigation System, Smoke Free, Solid Surface Counters, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Data

Laundry Features: In Unit Levels: Two

Listing Terms: Cash, Conventional, Jumbo, VA Loan

Living Area Total: 4294

Lot Features: Landscaped, Level, Many Trees, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2

Main Level Bedrooms: 1

Parking Features: Concrete, Dry Walled, Exterior Access Door, Finished, Lighted, Oversized

Parking Total: 3 Patio And Porch: Covered, Deck, Front Porch

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Composition

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

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House Tax Legal Description: LOT 63 HIGHLANDS RANCH #118L. 0 226 AM/L

Tax Year: 2021

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

Rachel Schoonover Keller Williams Integrity

Virtual Tour: View Window Features: Double Pane Windows, Skylight(s), Window Treatments

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Full baths: 2.0

3/4 Baths: 2.0

Remarks

Half baths: 1 0

Lot Size (sqft): 9,583

Garages: 3

List date: 6/9/22

Sold date: 8/5/22

Off-market date: 7/7/22

Zoning: PDU

Updated: Aug 5, 2022 7:15 AM

List Price: $1,140,000

Orig list price: $1,250,000

Assoc Fee: $156

Taxes: $5,151

School District: Douglas

RE 1

High: Mountain Vista

Middle: Mountain Ridge

Elementary: Bear Canyon

Beautifully updated 2-story in Stonebury with pride of ownership throughout. 2-story living room and dining room welcome you with floor-to-ceiling stacked stone gas fireplace, plantation shutters and white oak wood floors with custom herringbone inlay enhancing the formal dining space. Fully remodeled eat-in kitchen boasts white cabinetry, quartz counter tops, farm sink, gas cooktop, double oven and large island. Entertaining easily flows from the kitchen to the adjacent and spacious 2-story family room with gas fireplace and plantation shutters or outside to the huge trex deck with custom retractable awning. The-in-law/guest suite is a main-floor bonus with large bedroom, fully updated 3/4 bath and (11X12) huge walk-in closet with custom storage system and washer/dryer hookups that could be converted as a study or office. Main level laundry room features built-in cabinetry, utility sink, hook-ups for ice machine and washer/dryer. Curved stairway is enhanced with wrought iron balusters and natural light coming from 2-story family room windows and skylights. Master suite is vaulted with gas fireplace and generous space for sitting area with double walk-in closets and the custom barn door brings privacy to the fully updated 5-piece bath featuring walk-in shower and soaking tub. Two additional bedrooms on the upper level plus a fully updated bath. Basement has two adjacent areas for recreation and media space with bedroom and 3/4 bath. Plenty of storage and egress windows. Two furnaces and two central air conditioning units are new in 2021. Whole house humidifier, radon mitigation system, soft water system, and full vapor barrier in crawl space. Newer interior and exterior paint, newer roof and windows and newer electrical service. Ready to call home!

Rachel Schoonover

Keller Williams Integrity

Rachel Schoonover

Ridgemont

Features

Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Washer, Water Softener

Association Amenities: Fitness Center, Park, Playground, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s)

Association Fee 2: 820

Association Fee 2

Frequency: Annually

Association Fee Frequency: Quarterly

Association Name: HRCA

Association Name 2: Stonebury

Association Phone: 303-791-2500

Association Phone 2: 303-541-1583

Association Yn: true Basement: Finished, Walk Out Access

Below Grade Unfinished Area: 622.0

Builder Name: Shea Homes Concessions: No Construction Materials: Frame

Cooling: Central Air Direction Faces: East Exterior Features: Private Yard

Fencing: Full

Fireplace Features: Family Room, Living Room, Primary Bedroom

Fireplaces Total: 3

Flooring: Carpet, Tile, Wood

Foundation Details: Structural

Heating: Forced Air

Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Quartz Counters, Smoke Free, Tile Counters, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar Levels: Two Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo, VA Loan

Living Area Total: 4305

Lot Features: Open Space, Sprinklers In Front, Sprinklers In Rear

Main Level Bathrooms: 1

Parking Features: Concrete Parking Total: 3

Patio And Porch: Deck, Front Porch, Patio

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/Remodeled

Road Surface Type: Paved Roof: Concrete

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

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House Tax Legal Description: LOT 52 HIGHLANDS RANCH #118L. 0197 AM/L

Tax Year: 2021 View: Mountain(s)

Virtual Tour: View

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

Zoning: PDU

Williams Integrity

Rachel

Details

Prop Type: Single Family

Residence

County: Douglas Subdivision: Stonebury

Style: Traditional

Full baths: 4.0

Remarks

3/4 Baths: 1.0

Lot Size (sqft): 8,276

Garages: 3

List date: 6/7/22

Sold date: 9/29/22

Off-market date: 8/22/22

Updated: Sep 29, 2022 9:41 AM

List Price: $1,165,000

Orig list price: $1,325,000 Assoc Fee: $157

Taxes: $5,335

School District: Douglas RE 1

High: Mountain Vista Middle: Mountain Ridge

Elementary: Bear Canyon

MOUNTAIN VIEWS!!! If you have been waiting for an updated home with mountain views, open space, and sunsets....look no further. Welcome to 724 Ridgemont Circle in the highly desirable Stonebury neighborhood. The main floor features warm engineered hardwood floors throughout, large windows pulling in the mountain views and natural sunlight, and a function layout. As you enter the front door, you are greeted with a vaulted ceiling living room that has a stone fireplace and dining room engulfed with windows. To your right is the main floor home office with french doors and a full bath. The kitchen with it's stainless steel appliances, island and quartz counters has an eat-in space and is open to the cozy family room. There is a slider door that opens to the wrap around deck so you can take your after dinner drink out to watch the sunset. Upstairs you will enjoy the privacy of a luxurious primary suite that includes a sitting room, stone fireplace, remodeled 5 piece bath and walk-in closet. In addition, 3 secondary bedrooms (one of which is a junior suite) and 2 full bathrooms allow for everyone to be on the same level. The walk out basement is finished with a massive rec room which features a wet bar and slider door to the wrap around stamped concrete patio. You'll be pleasantly surprised by the mountain views from the wall of windows in basement as well. There is a 3/4 bathroom that is accessed by both a non-conforming bedroom and the rec room which makes this space very functional and perfect for a guest or teen. Lastly, there is ample storage space in the basement. The home is located with easy access to C 470, restaurants, shops and the new owner will have access to all 4 Highlands Ranch rec centers and extensive trail system

Rachel Schoonover

Keller Williams Integrity

Rachel Schoonover

Keller Williams

Comparable Property Statistics

A 1 Active Listings

LOWEST $829,000

P 1 Pending Listings

AVERAGE $829,000

HIGH $829,000

AVG PRICE / SQFT $308 AVG DOM 28

LOWEST $1,500,000

S 3 Sold Listings

LOWEST $864,900

AVERAGE $1,500,000

HIGH $1,500,000

AVG PRICE / SQFT $363 AVG DOM 31

Rachel

AVERAGE $1,019,966

HIGH $1,100,000

AVG PRICE / SQFT $243 AVG DOM 44

Sold Property Analysis

Averages 96.5%

Homes sold for an average of 96.5% of their list price.

Analysis

ADDRESS

Days on market

It took an average of 44 days for a home to sell.

ORIG LIST PRICE SOLD PRICE

% OF ORIG LIST PRICE DOM $ PER SQFT

459 Rose Finch Circle $889,000 $864,900 97 29% 35 $219 707 Ridgemont Circle $1,250,000 $1,095,000 87 60% 21 $255 724 Ridgemont Circle $1,325,000 $1,100,000 83.02% 76 $256

Averages $1,154,666 $1,019,966 88.33% 44 $243

Rachel Schoonover

Williams Integrity

Summary of Comparable Properties

A ACTIVE LISTINGS

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

702 Hughes Lane 4 300 2,688 $829,000 $308

Averages 2,688 $829,000 $308

P PENDING LISTINGS

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

10565 Starglow Court 5 5.00 4,134 $1,500,000 $363

Averages 4,134 $1,500,000 $363

S SOLD LISTINGS

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

459 Rose Finch Circle 8/19/22 6 5 00 3,946 $864,900 $219 707 Ridgemont Circle 8/5/22 5 5 00 4,294 $1,095,000 $255 724 Ridgemont Circle 9/29/22 5 5 00 4,305 $1,100,000 $256

Averages 4,181 $1,019,966 $243

Rachel Schoonover Keller Williams Integrity

INTELLIGENT

PRICING & TIMING

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

☐ Fair market value attracts buyers, overpricing never does.

☐ The first two weeks of marketing are crucial.

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

ASKING PRICE

+15%

+10%

Market Value

-10% -15%

PERCENTAGE OF BUYERS

at 10% 30% 60% 75% 90%

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.

Keller Williams Integrity

ACTIVITY

1 2 3 4

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.

at Keller Williams Integrity

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