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MarComparativeketAnalysis 5510 Salem Street, Denver, Colorado 80239 Barbara Clopton AUGUST 22, 2022 John Taylor The Bartic Group
Online Valuation Analysis How accurate are Zestimates? 2.2% $9,700 Zestimates varied up to 2.2% or $9,700 compared to actual MLS prices. A ADDRESS PRICE ZESTIMATE DIFFERENCE 12314 Olmsted Drive $465,000 $465,004 0 0% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 13071 Olmsted Place 4/5/22 $475,000 $482,100 1.5% 12234 E Berkeley Place 3/30/22 $485,000 $492,200 1.5% 5545 Salem Street 6/17/22 $510,000 $512,500 0.5% 12901 Olmsted Place 6/10/22 $480,000 $482,700 0 6% 12902 Olmsted Place 2/23/22 $446,000 $455,700 2 2% Source: Zillow 1 5ActiveSold Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 3
5510 Salem St, Denver, CO 80239-3636, Denver County APN: 1136-14-019 CLIP: 9181528196 MLS Beds 3 MLS Full Baths 2 Half Baths N/A MLS Sale Price $90,000 MLS Sale Date 11/01/2010 MLS Sq Ft 2,118 Lot Sq Ft 6,870 Yr Built 1969 Type SFR OWNER INFORMATION Owner Name Clopton Sharita T Mailing ZIP 4 3636 Owner Name 2 Clopton Barbara Ann Mailing Carrier Route C022 Mailing Address 5510 Salem St Owner Occupied Yes Mailing City & State Denver, CO DMA No Mail Flag Mailing Zip 80239 LOCATION INFORMATION Property Zip 80239 Location Influence Property Zip4 3636 Topography Flat/Level Property Carrier Route C022 Neighborhood Code Montbello 0128 School District Denver County 1 Neighborhood Name (OnBoard) Elementary School Amesse Traffic Local Middle School Mcglone Ece-8 Township 03S High School Martin L King Range 67W Subdivision Montbello 15 Section 13 Zoning S SU D Quarter Census Tract 83.04 Block 3 Condo Floor Lot 19 TAX INFORMATION PIN 1136 14 019 Tax District DENV Alternate PIN Tax Appraisal Area Schedule Number 0113614019000 Homestead Percent % Improved 84% Legal Description MONTBELLO NO 15 B3 L19 ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $53,600 $53,600 $53,600 Market Value Improved $288,000 $287,300 $255,700 Market Value Total $341,600 $340,900 $309,300 Assessed Value Land $3,830 $3,830 $3,830 Assessed Value Improved $20,590 $18,280 $18,280 Assessed Value Total $24,420 $22,110 $22,110 YOY Assessed Change (%) 10 45% 0% YOY Assessed Change ($) $2,310 $0 Tax Year Total Tax Change ($) Change (%) 2019 $1,594 2020 $1,640 $46 2 88% 2021 $1,822 $182 11 08% CHARACTERISTICS Lot Frontage Baths Full Tax: 3 MLS: 2 Lot Depth Baths Half Lot Acres 0 1577 Other Rooms Lot Sq Ft 6,870 Stories 1 Lot Shape Fireplace Land Use County Single Family Resident Fireplaces Land Use CoreLogic SFR Cooling Type Central Building Type Heat Fuel Type Style Heat Type Warm Air Year Built 1969 Patio Type Bldg Sq Ft Above Ground 1,059 Garage Type Carport Bldg Sq Ft Basement 1,059 Garage Capacity Property Details Courtesy of John Taylor, REcolorado Generated on:08/22/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 1/3
Bldg Sq Ft Finished Basement 953 Garage Sq Ft Bldg Sq Ft Unfinished Basement 106 Roof Material Bldg Sq Ft Total 2,118 Construction Bldg Sq Ft Finished Tax: 2,012 MLS: 2,118 Exterior Brick Bldg Sq Ft 1st Floor 1,059 Floor Cover Bldg Sq Ft 2nd Floor Foundation Basement Type Full Pool # Units Pool Size # Buildings 1 Water Total Rooms 5 Sewer Bedrooms 3 Quality Average Baths Total 3 Other Impvs MLS Total Baths 3 Equipment FEATURES Feature Type Size/Qty Att Carport Frm 298 Opn Prch Frm 294 Opn Prch Frm 56 Building Description Building Size LISTING INFORMATION MLS Listing Id 929689 MLS Listing Contract Date 09/14/2010 MLS Days On Market 24 MLS Pending Date MLS Source REcolorado MLS Close Date 11/01/2010 MLS Status Closed MLS List Office Name KELLER WILLIAMS DTC MLS Status Change Date 11/11/2010 MLS List Agent Full Name 025655-Sue Kenner MLS Current Price $94,500 MLS Buyer Agent Full Name 17284n Todd Holmes MLS Original List Price $94,500 MLS Buyer Office Name RE/MAX ALLIANCE MLS Close Price $90,000 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 11/01/2010 Deed Type Special Warranty Deed Sale Price $90,000 Owner Name Clopton Sharita T Price per SqFt Finished $44.73 Owner Name 2 Clopton Barbara Ann Document Number 132739 Seller Federal Natl Mtg Assn Fnma Sale Type Sale Date 11/01/2010 09/22/2010 02/21/2008 05/16/2006 01/01/1979 Sale Price $90,000 $164,000 $45,500 Nominal Y Y Buyer Clopton Sharita T & Ba rbara A Federal Natl Mtg Assn Fnma Moore Jowinnie Moore Jowinnie Borja Juan R & Adela S Buyer Clopton Barbara A Henderson Demita J Borja Adela S Seller Federal Natl Mtg Assn Fnma Chief Deputy Public Te Of Denver Moore Jowinnie Borja Juan R Document Number 132739 107380 31762 89385 1848 382 Document Type Special Warranty Deed Public Trustees Deed Quit Claim Deed Warranty Deed Deed (Reg) Title Company American Liberty Title Multi/Split Sale Type Sale Date 11/01/1975 Sale Price $28,000 Property Details Courtesy of John Taylor, REcolorado Generated on:08/22/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 2/3
Nominal Buyer Hill Jack D & Joann E Buyer Hill Joann E Seller Document Number 1165 534 Document Type Deed (Reg) Title Company Multi/Split Sale Type MORTGAGE HISTORY Mortgage Date 04/26/2018 10/30/2014 06/09/2006 06/09/2006 Mortgage Amount $60,000 $30,000 $131,200 $32,800 Mortgage Lender Navy Fcu Navy Fcu First Horizon Hm Ln Corp First Horizon Hm Ln Corp Borrower Clopton Barbara A Clopton Sharita T Moore Jowinnie Moore Jowinnie Borrower Clopton Sharita T Clopton Barbara A Mortgage Type Conventional Conventional Conventional Conventional Mortgage Purpose Refi Refi Resale Resale Mortgage Int Rate Mortgage Int Rate Type Mortgage Term 40 30 15 Mortgage Term Years Years Years Title Company First American Title Insuran ce First American Title Insuran ce FORECLOSURE HISTORY Document Type Certificate Of Purchase Notice Of Trustee's Sale Default Date Foreclosure Filing Date 04/16/2010 Recording Date 08/30/2010 04/23/2010 Document Number 97464 44289 Book Number Page Number Default Amount Final Judgment Amount $126,641 $126,641 Original Doc Date 06/09/2006 06/09/2006 Original Document Number 89386 89386 Original Book Page Lien Type PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of John Taylor, REcolorado Generated on:08/22/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 3/3
Map of Comparable Listings STATUS: A = ACTIVE S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 5510 Salem St 3 3.00 2,118 2 IR970630 A 12314 Olmsted Drive 4 3.00 1,622 $465,000 3 4104781 S 13071 Olmsted Place 3 2 00 1,732 $475,000 4 8943383 S 12234 E Berkeley Place 5 2 00 2,269 $485,000 5 4343036 S 5545 Salem Street 5 2 00 1,876 $510,000 6 4667887 S 12901 Olmsted Place 2 2.00 1,516 $480,000 7 8890208 S 12902 Olmsted Place 5 3.00 2,309 $446,000 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 5
12314 Olmsted Drive Denver, CO 80239 MLS #IR970630 $465,000 4 Beds 3.00 Baths 1,622 Sq. Ft. ($287 / sqft) ACTIVE 7/9/22 Year Built 1969 Days on market: 36 Details Prop Type: Single Family Residence County: Denver Subdivision: Montbello 13 Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 6,750 Garages: 2 List date: 7/9/22 Updated: Aug 15, 2022 11:00 AM List Price: $465,000 Orig list price: $475,000 Taxes: $1,257 School District: Denver 1 High: Montbello Middle: Other Elementary: Other Features Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer Association Yn: false Basement: Full Below Grade Unfinished Area: 500 0 Building Area Source: Assessor Construction Materials: Brick, Wood Frame Exterior Features: Spa/ Hot Tub Fencing: Fenced, Partial Heating: Forced Air Interior Features: Eat-in Kitchen Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 1622 Lot Features: Level, Sprinklers In Front Main Level Bathrooms: 2 Main Level Bedrooms: 3 Other Equipment: Satellite Dish Parking Features: RV Access/Parking Parking Total: 2 Patio And Porch: Patio Possible Use: Residential Property Condition: Fixer Road Frontage Type: Public Road Roof: Composition Sewer: Public Sewer Structure Type: House Tax Legal Description: MONTBELLO NO 13 B6 L27 Tax Year: 2021 Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Zoning: S-SU-D Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 6
Remarks All brick ranch ideally located on a quiet street. New roof & gutters a few years ago. Granite counters in kitchen. Large garage for projects. Includes all appliances, including hot tub. Great investor opportunity. 4 bedrooms, 2.5 bathrooms. Some love and attention and this house will really shine. Easy access to shopping & I-70. Estate sale, no Property Disclosure form, property sold in As-Is condition. All measurements are approximate. Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 7
12314 Olmsted Drive Denver, CO 80239 MLS #IR970630 $465,000 4 Beds 3.00 Baths 1,622 Sq. Ft. ($287 / sqft) ACTIVE 7/9/22 Year Built 1969 Days on market: 36 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 8
13071 Olmsted Place Denver, CO 80239 MLS #4104781 $475,000 3 Beds 2.00 Baths 1,732 Sq. Ft. ($274 / sqft) CLOSED 4/5/22 Year Built 1969 Days on market: 11 Details Prop Type: Single Family Residence County: Denver Subdivision: Montbello Full baths: 2 0 Lot Size (sqft): 6,000 List date: 2/8/22 Sold date: 4/5/22 Off-market date: 2/19/22 Updated: Apr 5, 2022 10:25 AM List Price: $469,900 Orig list price: $499,900 Taxes: $1,478 School District: Denver 1 High: DCIS at Montbello Middle: McGlone Elementary: Amesse Features Appliances: Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator Association Yn: false Basement: Finished, Full Building Area Source: Public Records Concessions: No Construction Materials: Brick Cooling: Evaporative Cooling Exterior Features: Private Yard Fencing: Full Flooring: Carpet, Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air, Natural Gas Interior Features: Granite Counters Levels: One Listing Terms: Cash, Conventional, VA Loan Living Area Total: 1732 Lot Features: Level Main Level Bathrooms: 1 Main Level Bedrooms: 2 Parking Features: Concrete Parking Total: 2 Patio And Porch: Covered, Front Porch, Patio Property Condition: Updated/Remodeled Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: MONTBELLO NO 15 B9 L16 Tax Year: 2020 Virtual Tour: View Water Source: Public Zoning: S-SU-D Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 9
Remarks Are you looking for a fantastic home that has recently been renovated? Look no further! Complete with 3 bedrooms 2 bathrooms this home includes all new paint and flooring throughout. The open kitchen has been updated with new shaker cabinets, granite countertops, and stainless steel appliances. Home also has a brand new HVAC system. Has a large backyard that is perfect for hosting, playing, or simply enjoying the amazing Colorado weather. Finally enjoy the low energy bills with the owned solar panels! Come look at this great home before its gone! Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 10
13071 Olmsted Place Denver, CO 80239 MLS #4104781 $475,000 3 Beds 2.00 Baths 1,732 Sq. Ft. ($274 / sqft) CLOSED 4/5/22 Year Built 1969 Days on market: 11 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 11
12234 E Berkeley Place Denver, CO 80239 MLS #8943383 $485,000 5 Beds 2.00 Baths 2,269 Sq. Ft. ($214 / sqft) CLOSED 3/30/22 Year Built 1975 Days on market: 4 Details Prop Type: Single Family Residence County: Denver Subdivision: Montbello Full baths: 2 0 Lot Size (sqft): 8,090 List date: 3/1/22 Sold date: 3/30/22 Off-market date: 3/5/22 Updated: Apr 11, 2022 5:15 PM List Price: $465,000 Orig list price: $465,000 Taxes: $1,721 School District: Denver 1 High: Montbello Middle: Noel Community Arts School Elementary: Amesse Features Appliances: Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer Association Yn: false Basement: Finished, Full Building Area Source: Public Records Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 5000 Construction Materials: Brick Cooling: Central Air Direction Faces: East Electric: 220 Volts Exterior Features: Private Yard Fencing: Full Flooring: Carpet, Laminate, Tile, Vinyl Heating: Forced Air Horse Yn: false Interior Features: In-Law Floor Plan Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2269 Lot Features: Level Main Level Bathrooms: 1 Main Level Bedrooms: 3 Parking Features: Concrete, Driveway Gravel Parking Total: 3 Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: House Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 12
Tax Legal Description: MONTBELLO NO 26 B1 L31 Tax Year: 2020 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available Virtual Tour: View Water Source: Public Zoning: S-SU-D Remarks
Comparative Market Analysis
Cell: 3039156054 13
John Taylor The Bartic
This home is a great 5 Bedroom, 2 Bath Single Family Ranch Style property in the City and County of Denver. The home sits on a large 8000+ square foot lot with a full basement with a separate entrance. The main floor has three bedrooms with a spacious and private primary bedroom (the garage was converted to the bedroom)tile floor in the kitchen, living room, and dining area. The basement has a kitchenette, a second bathroom, and two non-conforming bedrooms. There is no HOA, and the expansive private fenced yard is waiting for your personal touches. This is a desirable location close to Downtown Denver, Public Transportation, Denver International Airport & amenities. See today. 5510 Salem Street, Denver, Colorado 80239 Group
12234 E Berkeley Place Denver, CO 80239 MLS #8943383 $485,000 5 Beds 2.00 Baths 2,269 Sq. Ft. ($214 / sqft) CLOSED 3/30/22 Year Built 1975 Days on market: 4 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 14
5545 Salem Street Denver, CO 80239 MLS #4343036 $510,000 5 Beds 2.00 Baths 1,876 Sq. Ft. ($272 / sqft) CLOSED 6/17/22 Year Built 1969 Days on market: 5 Details Prop Type: Single Family Residence County: Denver Subdivision: Montbello Style: Traditional Full baths: 1.0 3/4 Baths: 1.0 Lot Size (sqft): 6,600 Garages: 2 List date: 5/19/22 Sold date: 6/17/22 Off-market date: 5/24/22 Updated: Jun 18, 2022 6:26 PM List Price: $490,000 Orig list price: $490,000 Taxes: $1,851 School District: Denver 1 High: High Tech EC Middle: Dr. Martin Luther King Elementary: Amesse Features Appliances: Dryer, Microwave, Oven, Refrigerator, Washer Association Yn: false Basement: Cellar, Finished, Full Below Grade Unfinished Area: 152 0 Building Area Source: Public Records Concessions: No Construction Materials: Brick, Frame Cooling: None Direction Faces: East Exterior Features: Private Yard Fencing: Full Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, Kitchen Island, Wired for Data Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 1876 Lot Features: Level, Near Public Transit Main Level Bathrooms: 1 Main Level Bedrooms: 3 Parking Total: 2 Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: MONTBELLO NO 15 B2 L5 Tax Year: 2021 Utilities: Cable Available View: City Virtual Tour: View Water Source: Public Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 15
Window Features: Double Pane Windows Zoning: S-SU-D Remarks Great single-family, ranch-style home in Denver. A little TLC will go a long way in this 4 bedroom 2 bathroom with the garage turned into a full studio. Main level has hardwood floors, Living Room, Kitchen with stainless-steel appliances, 3 bedrooms, and full bathroom. Basement has large Rec Room, 2 bedrooms (1 non-conforming), and 3/4 bathroom. Spacious back yard with mature trees, expansive concrete slab is ideal for RV/Boat parking! Call now to schedule your showing! Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 16
5545 Salem Street Denver, CO 80239 MLS #4343036 $510,000 5 Beds 2.00 Baths 1,876 Sq. Ft. ($272 / sqft) CLOSED 6/17/22 Year Built 1969 Days on market: 5 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 17
12901 Olmsted Place Denver, CO 80239 MLS #4667887 $480,000 2 Beds 2.00 Baths 1,516 Sq. Ft. ($317 / sqft) CLOSED 6/10/22 Year Built 1969 Days on market: 63 Details Prop Type: Single Family Residence County: Denver Subdivision: MONTBELLO NO 15 Full baths: 2 0 Lot Size (sqft): 9,730 List date: 3/10/22 Sold date: 6/10/22 Off-market date: 5/12/22 Updated: Jun 12, 2022 4:25 PM List Price: $480,000 Orig list price: $530,000 Taxes: $1,516 School District: Denver 1 High: DCIS at Montbello Middle: DCIS at Montbello Elementary: Amesse Features Appliances: Microwave, Oven Association Yn: false Basement: Full, Partial Below Grade Unfinished Area: 216 0 Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 3090 Construction Materials: Brick, Wood Siding Cooling: Central Air Heating: Electric Interior Features: Granite Counters Levels: One Listing Terms: Cash, Conventional, VA Loan Living Area Total: 1516 Lot Features: Level Main Level Bathrooms: 1 Main Level Bedrooms: 2 Roof: Other Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: MONTBELLO NO 15 B9 L24 Tax Year: 2020 Utilities: Electricity Available, Natural Gas Available Zoning: S-SU-D Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 18
Remarks Fantastic 3 bedroom home in sought after Denver, CO location. The kitchen boasts generous counter space and a breakfast bar, making cooking and entertaining a delight. Lighting, ceiling fans, and fixtures throughout. Relax in your primary suite, complete with a walk-in closet. Relax with your favorite drink in the fenced in backyard with great potential for adding personal touches. Hurry, this wont last long! Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 19
12901 Olmsted Place Denver, CO 80239 MLS #4667887 $480,000 2 Beds 2.00 Baths 1,516 Sq. Ft. ($317 / sqft) CLOSED 6/10/22 Year Built 1969 Days on market: 63 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 20
12902 Olmsted Place Denver, CO 80239 MLS #8890208 $446,000 5 Beds 3.00 Baths 2,309 Sq. Ft. ($193 / sqft) CLOSED 2/23/22 Year Built 1970 Days on market: 4 Details Prop Type: Single Family Residence County: Denver Subdivision: Montbello 15 Full baths: 3.0 Lot Size (sqft): 8,170 List date: 1/13/22 Sold date: 2/23/22 Off-market date: 1/21/22 Updated: Feb 24, 2022 5:02 AM List Price: $375,000 Orig list price: $375,000 Taxes: $1,707 School District: Denver 1 High: High Tech EC Middle: Noel Community Arts School Elementary: Amesse Features Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer Association Yn: false Basement: Finished, Full, Interior Entry/Standard Below Grade Unfinished Area: 121.0 Building Area Source: Public Records Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 4000 Construction Materials: Brick Cooling: Central Air Flooring: Carpet, Laminate, Tile Heating: Forced Air, Natural Gas Interior Features: Limestone Counters Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2309 Lot Features: Level Main Level Bathrooms: 2 Main Level Bedrooms: 3 Parking Total: 2 Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: MONTBELLO NO 15 B10 L10 Tax Year: 2020 Utilities: Cable Available Window Features: Double Pane Windows Zoning: S-SU-D Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 21
Remarks If you're looking for an amazing place to call home, look no further! With 5 bedrooms (2 bedrooms in basement are non-conforming), 3 bathrooms, and over 2,400 square feet, this house will provide you with all the space and comfort you need. It also has a large backyard that is perfect for hosting get-togethers, playing with children and pets, or simply enjoying the outdoors. Come look at this great home while you have a chance! Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 22
12902 Olmsted Place Denver, CO 80239 MLS #8890208 $446,000 5 Beds 3.00 Baths 2,309 Sq. Ft. ($193 / sqft) CLOSED 2/23/22 Year Built 1970 Days on market: 4 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 23
Comparable Property Statistics A 1 Active Listings S 5 Sold Listings LOWEST $465,000 AVERAGE $465,000 HIGH $465,000 AVG PRICE / SQFT $287 AVG DOM 36 LOWEST $446,000 AVERAGE $479,200 HIGH $510,000 AVG PRICE / SQFT $254 AVG DOM 17 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 24
Sold Property Analysis Averages 105.1% Homes sold for an average of 105.1% of their list price. 17 Days on market It took an average of 17 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 13071 Olmsted Place $499,900 $475,000 95.02% 11 $274 12234 E Berkeley Place $465,000 $485,000 104 30% 4 $214 5545 Salem Street $490,000 $510,000 104 08% 5 $272 12901 Olmsted Place $530,000 $480,000 90.57% 63 $317 12902 Olmsted Place $375,000 $446,000 118.93% 4 $193 Averages $471,980 $479,200 101.53% 17 $254 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 25
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 12314 Olmsted Drive 4 3.00 1,622 $465,000 $287 Averages 1,622 $465,000 $287 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 13071 Olmsted Place 4/5/22 3 2 00 1,732 $475,000 $274 12234 E Berkeley Place 3/30/22 5 2 00 2,269 $485,000 $214 5545 Salem Street 6/17/22 5 2.00 1,876 $510,000 $272 12901 Olmsted Place 6/10/22 2 2 00 1,516 $480,000 $317 12902 Olmsted Place 2/23/22 5 3.00 2,309 $446,000 $193 Averages 1,940 $479,200 $254 Comparative Market Analysis 5510 Salem Street, Denver, Colorado 80239 John Taylor The Bartic Group Cell: 3039156054 26
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
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.
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ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.
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.
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.
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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.
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.
TIME ON MARKET
WEEKS) ACTIVITY 1 2 3 4 5 6
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. (IN
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