at Keller Williams Integrity
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Market Analysis for Aaron Abbott NOVEMBER 4, 2022
Christopher Wanless The Bartic Group
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Contact Me
Christopher Wanless The Bartic Group 50 S. Steele St. Denver CO 80209 christopher@thebarticgroup.com 720.837-4299 720-208-7200
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
3
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Online Valuation Analysis How accurate are Zestimates?
1.0%
$5,190
Zestimates varied up to 1.0% or $5,190 compared to actual MLS prices.
A
3 Active
ADDRESS
PRICE
ZESTIMATE
DIFFERENCE
15800 E 121st Avenue G6
$365,000
$361,246
-1.0%
16380 E 119th Circle B
$519,000
$513,810
-1.0%
16380 E 119th Circle B
$519,000
$513,810
-1.0%
SOLD DATE
SOLD PRICE
ZESTIMATE
DIFFERENCE
8/30/22
$375,000
-
-
S
1 Sold
ADDRESS
15800 E 121st Avenue M6
Source: Zillow
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
4
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Commerce City, CO
This week the median list price for Commerce City, CO is $575,744 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 156.
Real-Time Market Profile Median List Price
$575,744
Market Action Index
Median Price of New Listings
$550,000
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$195
Average Days on Market
59
Median Days on Market
49
Price Decreased
67%
Price Increased
0%
Relisted
5%
Inventory
156
Median Rent
$2,800
Market Action
47
inventory. 50
40
Buyer's Market
60
Seller's Market
70
100
10 0
on
47
90
M
ay Tod th
Las t
80
20
30
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.
Strong Seller's Market
Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price
Sq. Ft.
Lot Size
Beds
Bath
Age
New
Absorbed
DOM
$725,000
4,103
6,500 - 8,000 sqft
4
4
0
2
2
35
$600,000
3,243
4,500 - 6,500 sqft
4
3
2
6
2
63
$550,000
2,760
4,500 - 6,500 sqft
3
3
5
3
5
49
$475,000
1,700
6,500 - 8,000 sqft
3
2
21
8
11
35
Fri Nov 04 2022
2 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Commerce City, CO
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. $700K
$650K
$600K
$550K
$500K
$450K
$400K Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
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. $800K
$700K
$600K
$500K
$400K
$300K Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
3 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Commerce City, CO
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. $350
$300
$250
$200
$150
$100 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
Inventory
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. 200
150
100
50
0 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
Fri Nov 04 2022
4 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Commerce City, CO
Market Action Index
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. 120
100
80
60
40
20 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
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. 120
100
80
60
40 Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
5 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Commerce City, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 47 days. Half of the listings have come newly on the market in the past 36 or so days. Watch the 90-day DOM trend for signals of a changing market. 80
60
40
20
0 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
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. 80
60
40
20
0 Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
6 of 6
15800 E 121st Ave #N5, Commerce City, CO 80603-6994, Adams County APN: R0187021
CLIP: 8342658023
MLS Beds 2
MLS Full Baths 2
MLS Half Baths 1
MLS Sale Price $209,300
MLS Sq Ft 1,142
Lot Sq Ft 1,748
Yr Built 2015
Type CONDO
MLS Sale Date 10/07/2015
OWNER INFORMATION
Owner Name
Abbott Aaron
Mailing Zip
80603
Owner Name 2
Ross Amber M
Mailing ZIP 4
6994
Mailing Address
15800 E 121st Ave #n5
Mailing Carrier Route
R015
Mailing City & State
Brighton, CO
Owner Occupied
Yes
Property Zip
80603
High School
Prairie View
Property Zip4
6994
Subdivision
Jasper Street Condo
Property Carrier Route
R015
Census Tract
85.53
School District
School District 27j
Neighborhood Code
Brighton-26c
Elementary School
Henderson
Block
N
Middle School
Otho Stuart
Lot
5
PIN
R0187021
% Improved
75%
Alternate PIN
1569-32-3-20-113
Tax District
389
Schedule Number
R0187021
Legal Description
JASPER STREET CONDO BLDG N UNIT 5
LOCATION INFORMATION
TAX INFORMATION
ASSESSMENT & TAX
Assessment Year
2022 - Preliminary
2021
2020
2019
Market Value - Land
$68,000
$68,000
$68,000
$68,000
Market Value - Improved
$208,610
$208,610
$200,444
$200,444
Market Value - Total
$276,610
$276,610
$268,444
$268,444
Assessed Value - Land
$4,730
$4,860
$4,860
$4,860
Assessed Value - Improved
$14,500
$14,920
$14,330
$14,330
Assessed Value - Total
$19,230
$19,780
$19,190
$19,190
YOY Assessed Change (%)
-2.78%
3.07%
0%
YOY Assessed Change ($)
-$550
$590
$0
Tax Year
Total Tax
2019
$2,986
Change ($)
Change (%)
2020 2021
$2,931
-$55
-1.84%
$2,981
$50
1.7%
CHARACTERISTICS
Lot Acres
0.0401
Baths - Half
1
Lot Sq Ft
1,748
Stories
2
Land Use - County
Condominium
Fireplace
Y
Land Use - CoreLogic
Condominium
Fireplaces
1
Building Type
Multi Family Condo
Cooling Type
Central
Year Built
2015
Heat Type
Forced Air
Bldg Sq Ft - Above Ground
1,238
Garage Type
Detached Garage
Bldg Sq Ft - Basement
632
Garage Capacity
MLS: 1
Bldg Sq Ft - Finished
Tax: 1,238 MLS: 1,142
Garage Sq Ft
200
Basement Type
Unfinished
Roof Material
Composition Shingle
# Buildings
1
Construction
Frame
Total Rooms
4
Exterior
Frame
Bedrooms
2
Foundation
Concrete
Baths - Total
3
Quality
Average
MLS Total Baths
3
Equipment
Whe, Ssk
Baths - Full
2
FEATURES
Property Details
Courtesy of Christopher Wanless, REcolorado
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.
Generated on: 11/04/22 Page 1/3
Feature Type
Size/Qty
Open Slab
118
Unfinished
632
Bath 4
2
Water Heater
1
Allowance
1
Detached Garage
200
Bath 2
1
Laundry Facility
1
Sink Standard
1
Hvac-Fireplace-Gas Direct Vent
1
SELL SCORE
Rating
Very High
Sell Score
890
Value As Of
2022-10-30 04:33:22
LISTING INFORMATION
MLS Listing Id
8156978
MLS Close Price
$209,300
MLS Days On Market
26
MLS Listing Contract Date
03/25/2015
MLS Source
REcolorado
MLS Close Date
10/07/2015
MLS Status
Closed
MLS List Office Name
CP&M
MLS Status Change Date
10/08/2015
MLS List Agent Full Name
015248-James W Harmon
MLS Current Price
$222,925
MLS Buyer Agent Full Name
012845-Cesar Reyes
MLS Original List Price
$222,925
MLS Buyer Office Name
MEGASTAR REALTY
Sale Date
MLS: 10/07/2015
Owner Name 2
Ross Amber M
Owner Name
Abbott Aaron
LAST MARKET SALE & SALES HISTORY
Sale Date
04/29/2020
Nominal
Y
Buyer
Abbott Aaron
Buyer
Ross Amber M
Seller
Abbott Aaron
Document Number
39894
Document Type
Quit Claim Deed
MORTGAGE HISTORY
Mortgage Date
05/18/2020
Mortgage Amount
$197,900
Mortgage Lender
Mutual/Omaha Mtg LLC
Borrower
Ross Amber M
Borrower
Abbott Aaron
Mortgage Type
Conventional
Mortgage Purpose
Refi
Mortgage Term
30
Mortgage Term
Years
Title Company
Fidelity National Title Co
Property Details
Courtesy of Christopher Wanless, REcolorado
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.
Generated on: 11/04/22 Page 2/3
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Christopher Wanless, REcolorado
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.
Generated on: 11/04/22 Page 3/3
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
A = ACTIVE
S = CLOSED
BEDS
BATHS
SQFT
PRICE
15800 E 121st Ave
2
2.50
1,238
-
1
Subject
2
2942814
A
15800 E 121st Avenue G6
2
3.00
1,312
$365,000
3
IR974617
A
16380 E 119th Circle B
2
2.00
1,783
$519,000
4
1545150
A
16380 E 119th Circle B
2
2.00
1,783
$519,000
5
5533986
S
15800 E 121st Avenue M6
2
3.00
1,312
$375,000
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
7
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Summary of Comparable Properties A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
15800 E 121st Avenue G6
-
2
3.00
1,312
$365,000
$278
16380 E 119th Circle B
-
2
2.00
1,783
$519,000
$291
16380 E 119th Circle B
-
2
2.00
1,783
$519,000
$291
1,626
$467,666
$287
Averages
S
SOLD LISTINGS
ADDRESS
15800 E 121st Avenue M6
Averages
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
8/30/22
2
3.00
1,312
$375,000
$286
1,312
$375,000
$286
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
8
Listings
Christopher Wanless The Bartic Group
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
15800 E 121st Avenue G6 $365,000 ACTIVE
8/19/22
Commerce City, CO 80603
MLS #2942814
2 Beds 3.00 Baths
1,312 Sq. Ft. ($278 / sqft)
Year Built 2009
Days on market: 27
Details Prop Type: Condominium
Half baths: 1.0
List Price: $365,000
High: Prairie View
Lot Size (sqft): 720
Orig list price: $375,000
Middle: Otho Stuart
County: Adams
Garages: 1
Assoc Fee: $230
Elementary: Henderson
Subdivision: Jasper Street Condominiums
List date: 8/19/22
Taxes: $2,964
Updated: Sep 15, 2022 9:11 AM
School District: School District 27-J
Appliances: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
Association Phone: 720-974-4117
Cooling: Central Air
Levels: Two
Fencing: Partial
Association Yn: true
Association Amenities: Clubhouse, Park
Basement: Unfinished
Fireplace Features: Family Room
Listing Terms: Cash, Conventional, FHA, VA Loan
Below Grade Unfinished Area: 626.0
Flooring: Carpet, Wood
Living Area Total: 1312
Furnished: Unfurnished
Main Level Bathrooms: 1
Building Area Source: Public Records
Heating: Forced Air
Parking Total: 1
Common Walls: 1 Common Wall
Interior Features: Kitchen Island, Walk-In Closet(s)
Patio And Porch: Deck, Patio
Construction Materials: Frame
Laundry Features: In Unit
Style: Contemporary Full baths: 2.0
Features
Association Fee Frequency: Monthly Association Fee Includes: Sewer, Trash, Water Association Name: MSI HOA
Pets Allowed: Cats OK, Dogs OK
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
10
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Property Condition: Updated/Remodeled
Senior Community Yn: false
Roof: Composition
Sewer: Public Sewer
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Structure Type: Townhouse
Tax Legal Description: CONDO: JASPER STREET CONDOMINIUMS UNIT:6 G DESC:BLDG G
Water Source: Public
Tax Year: 2021 Utilities: Cable Available, Natural Gas Available, Phone Available
Remarks Welcome to this beautiful 2 bedroom 2 1/2 bathroom Townhome located in Jasper Street Condominiums. This property features an open layout with a gas fireplace in the main living area, open space patio perfect for relaxing and an unfinished basement to do whatever you'd like or for additional storage! This property comes with a detached single car garage, 2 full bedrooms and bathrooms and a half balf on the main level. The master bedroom also has additional space for a nursery area or reading area and attached master bathroom with dual sinks and walk-in closet! Easy access to DIA, I-76, E470, Highway 85, Prairie Center Shopping Center, King Soopers, Brighton Oasis Aquatic Park, Barr Lake, Recreation Center, Theaters and Restaurants. Seller also willing to provide a concession to buyer at closing for carpet replacement.
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
11
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
15800 E 121st Avenue G6 $365,000 ACTIVE
8/19/22
Commerce City, CO 80603
MLS #2942814
2 Beds 3.00 Baths
1,312 Sq. Ft. ($278 / sqft)
Year Built 2009
Days on market: 27
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
12
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
16380 E 119th Circle B
Commerce City, CO 80022
$519,000 ACTIVE
9/2/22
MLS #IR974617
2 Beds 2.00 Baths
1,783 Sq. Ft. ($291 / sqft)
Year Built 2008
Days on market: 47
Details Prop Type: Condominium
Lot Size (sqft): 4,356
List Price: $519,000
Garages: 2
Orig list price: $539,000
School District: School District 27-J
County: Adams
List date: 9/2/22
Assoc Fee: $350
High: Prairie View
Subdivision: The Fairways at Buffalo Run
Updated: Oct 18, 2022 9:30 AM
Taxes: $4,754
Middle: Vikan
Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Oven, Refrigerator, Washer
Association Name: The Fairways at Buffalo Run
Construction Materials: Stone, Stucco, Wood Frame
Listing Terms: Cash, Conventional, FHA, VA Loan
Cooling: Central Air
Living Area Total: 1783
Association Fee 2: 25
Association Yn: true Basement: Bath/ Stubbed, Full, Unfinished
Fireplace Features: Gas, Gas Log
Main Level Bathrooms: 2
Association Fee 2 Frequency: Monthly
Flooring: Tile
Association Fee Frequency: Monthly
Parking Total: 2
Below Grade Unfinished Area: 1765.0
Heating: Forced Air
Patio And Porch: Patio
Association Fee Includes: Capital Reserves, Maintenance Grounds, Snow Removal, Trash
Builder Model: Woods
Interior Features: Central Vacuum, Five Piece Bath, Open Floorplan, Vaulted Ceiling(s)
Possible Use: Residential
Elementary: Second Creek
Full baths: 2.0
Features
Association Phone: 303-420-4433
Building Area Source: Assessor
Levels: One
Main Level Bedrooms: 2
Road Frontage Type: Public Road Road Surface Type: Paved
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
13
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Roof: Composition
Structure Type: House
Tax Year: 2021
Water Source: Public
Security Features: Smoke Detector
Tax Legal Description: CONDO: THE FAIRWAYS AT BUFFALO RUN UNIT:B DESC:BLDG 16380
Utilities: Electricity Available, Natural Gas Available
Window Features: Window Coverings
Sewer: Public Sewer
Zoning: Res
Remarks This beautiful 2 bed (plus Office)/2 bath ranch style Patio Home is located in the gated golf course community of Fairways at Buffalo Run. The open floor plan allows for a lot of natural light. The great room has a vaulted ceiling and gas fireplace. The amazing back patio offers views of the golf course. You will receive resident pricing on the green fees at Buffalo Run! NO COMMON WALLS. Huge unfinished full basement, security system, high end washer/dryer, and built in carpet vacuum system. Located close to DIA, i76, 85, and E-470.
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
14
Comparative Market Analysis
16380 E 119th Circle B $519,000 ACTIVE
9/2/22
15800 E 121st Ave, Commerce City, Colorado 80603 Commerce City, CO 80022
MLS #IR974617
2 Beds 2.00 Baths
1,783 Sq. Ft. ($291 / sqft)
Year Built 2008
Days on market: 47
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
15
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
16380 E 119th Circle B
Commerce City, CO 80022
$519,000 ACTIVE
9/2/22
MLS #1545150
2 Beds 2.00 Baths
1,783 Sq. Ft. ($291 / sqft)
Year Built 2007
Days on market: 46
Details Prop Type: Condominium
Lot Size (sqft): 4,356
List Price: $519,000
Garages: 2
Orig list price: $539,000
School District: School District 27-J
County: Adams
List date: 9/2/22
Assoc Fee: $350
High: Prairie View
Subdivision: The Fairways at Buffalo Run
Updated: Oct 18, 2022 9:20 AM
Taxes: $4,754
Middle: Otho Stuart
Association Phone 2: 303-420-4433
Association Fee 2: 25
Association Fee Includes: Capital Reserves, Exterior Maintenance w/out Roof, Irrigation Water, Maintenance Grounds, Maintenance Structure, Recycling, Sewer, Snow Removal, Trash, Water
Association Fee 2 Frequency: Monthly
Association Name: The Fairways at Buffalo Run
Association Fee Frequency: Monthly
Association Name 2: Unk
Elementary: Turnberry
Full baths: 2.0
Features Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Humidifier, Microwave, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
Association Phone: 303-420-4433
Association Yn: true Basement: Full, Unfinished Below Grade Unfinished Area: 1765.0 Building Area Source: Public Records Common Walls: No Common Walls
Construction Materials: Frame, Rock, Stone, Stucco Cooling: Central Air Exterior Features: Lighting, Rain Gutters Fireplace Features: Gas, Gas Log, Living Room Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Furnished: Unfurnished Heating: Forced Air
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
16
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Interior Features: Ceiling Fan(s), Central Vacuum, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Smoke Free, Vaulted Ceiling(s)
Lot Features: Landscaped
Laundry Features: In Unit Levels: One Listing Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan Living Area Total: 1783
Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Features: Concrete, Dry Walled, Floor Coating
Roof: Composition Security Features: Security Entrance, Security System, Smoke Detector(s)
Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Senior Community Yn: false
Virtual Tour: View
Parking Total: 2
Sewer: Public Sewer
Patio And Porch: Covered, Front Porch, Patio
Structure Type: Patio/ Cluster
Window Features: Bay Window(s), Double Pane Windows, Window Coverings, Window Treatments
Property Condition: Updated/Remodeled Road Surface Type: Paved
Tax Legal Description: CONDO: THE FAIRWAYS AT BUFFALO RUN UNIT:B DESC:BLDG 16380
Water Source: Public
Zoning: Res
Tax Year: 2021
Remarks This beautiful 2 bed (plus Office)/2 bath ranch style Patio Home is located in the gated golf course community of Fairways at Buffalo Run. The open floor plan allows for a lot of natural light. The great room has a vaulted ceiling and gas fireplace. The amazing back patio offers views of the golf course. You will receive resident pricing on the green fees at Buffalo Run! NO COMMON WALLS. Huge unfinished full basement, security system, high end washer/dryer, and built in carpet vacuum system. Located close to DIA, i76, 85, and E-470.
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
17
Comparative Market Analysis
16380 E 119th Circle B $519,000 ACTIVE
9/2/22
15800 E 121st Ave, Commerce City, Colorado 80603 Commerce City, CO 80022
MLS #1545150
2 Beds 2.00 Baths
1,783 Sq. Ft. ($291 / sqft)
Year Built 2007
Days on market: 46
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
18
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
15800 E 121st Avenue M6 $375,000 CLOSED
Commerce City, CO 80603
2 Beds 3.00 Baths Year Built 2009
8/30/22
MLS #5533986 1,312 Sq. Ft. ($286 / sqft) Days on market: 10
Details Prop Type: Condominium
Lot Size (sqft):
County: Adams Subdivision: Jasper Street Condominiums Full baths: 2.0
Garages: 1
Updated: Aug 30, 2022 8:55 AM
School District: School District 27-J
List date: 7/20/22
List Price: $375,000
High: Prairie View
Sold date: 8/30/22
Orig list price: $375,000
Middle: Otho Stuart
Off-market date: 7/30/22
Assoc Fee: $230
Elementary: Henderson
Taxes: $2,991
Half baths: 1.0
Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator
Association Phone: 720-974-4117 Association Yn: true
Fireplace Features: Family Room
Association Amenities: Parking
Basement: Unfinished
Fireplaces Total: 1
Below Grade Unfinished Area: 626.0
Flooring: Carpet, Laminate, Tile
Building Area Source: Public Records
Heating: Forced Air
Association Fee Frequency: Monthly Association Fee Includes: Sewer, Water Association Name: MSI Hoa
Common Walls: End Unit Concessions: No Construction Materials: Frame
Cooling: Central Air
Interior Features: Ceiling Fan(s), Kitchen Island, Laminate Counters, Open Floorplan, Smoke Free, Walk-In Closet(s)
Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional Living Area Total: 1312 Lot Features: Landscaped Main Level Bathrooms: 1 Parking Total: 1 Patio And Porch: Front Porch, Patio
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
19
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Pets Allowed: Yes
Roof: Composition
Road Frontage Type: Public Road
Senior Community Yn: false
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Road Surface Type: Paved
Structure Type: Townhouse
Tax Legal Description: JASPER STREET CONDOMINIUMS BLDG M UNIT 6
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Tax Year: 2021
Water Source: Public
Remarks Great Location*Spread out in this well cared for original owner Townhome with over 1900 square feet, it's easy to do. Once you step inside you are greeted with a spacious family room complete with gas fireplace and direct entry to your private patio enjoying a cool drink while you grill in the evening shade or enjoy the morning sunrises. Bright South Facing Kitchen boasting ample storage including island and all kitchen appliances included, overlooking the dining room perfect for entertaining....but that is not all...complete with main floor 1/2 powder bath and coat/storage closet. Enjoy the morning sun in the retreat off the private master bedroom with its own private Full Bath, dual sinks, oversized soaking tub and walk-in closet. Spacious Secondary ensuite with private full bath. The unfinished basement is waing for your personal touch and offers additional storage. 1 car end unit detached garage. New Roof and Exterior Paint 2021*Central Air 2020*Easy access to DIA, I-76, E470, Highway 85, Prairie Center Shopping Center, King Soopers, Brighton Oasis Aquatic Park, Barr Lake, Recreation Center, Theaters and Restaurants.
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
20
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
15800 E 121st Avenue M6 $375,000 CLOSED
8/30/22
Commerce City, CO 80603
2 Beds 3.00 Baths Year Built 2009
MLS #5533986 1,312 Sq. Ft. ($286 / sqft) Days on market: 10
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
21
Analysis
Christopher Wanless The Bartic Group
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Comparable Property Statistics A
3 Active Listings LOWEST
$365,000
S
AVERAGE
$467,666
HIGH
$519,000
AVG PRICE / SQFT
AVG DOM
$287
40
AVG PRICE / SQFT
AVG DOM
$286
10
1 Sold Listings LOWEST
$375,000
AVERAGE
$375,000
HIGH
$375,000
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
23
Comparative Market Analysis
15800 E 121st Ave, Commerce City, Colorado 80603
Sold Property Analysis Averages
100.0%
Homes sold for an average of 100.0% of their list price.
10
Days on market
It took an average of 10 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
$375,000
$375,000
100.00%
10
$286
$375,000
$375,000
100.00%
10
$286
15800 E 121st Avenue M6
Averages
Christopher Wanless The Bartic Group Cell: 720.837-4299 christopher@thebarticgroup.com
24
at 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
PERCENTAGE OF BUYERS
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
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.
ACTIVITY
at Keller Williams Integrity
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.
Results That MOVE You
720.208.7200 TheBarticGroup.com A Veteran Owned Business