Active Market Analysis for Franci

at Keller Williams Integrity

Comparative

Christopher

Christopher Wanless

Bartic Group

Christopher Wanless

$101,000

Zestimates varied up to 24.2% or $101,000 compared to actual MLS prices.

3144 S Wheeling Way 210 410 $349,500

3164 S Wheeling Way 408 $417,000 $316,000 24 2%

3286 S Heather Gardens Way $419,000 $414,011 1.2%

13755 E Marina Drive A $489,950 $489,950 0.0%

Zillow

Wanless

Aurora, CO

Real-Time Market Profile

Median List Price

Median Price

Market Action Index

Strong Seller's Market

The market has been cooling over time and prices

flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available)

the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone,

for downward pressure

Market Segments

Each segment below

$799,000

$530,550

$460,000

Per Square

Strong Seller's Market

7-Day Average 90-Day Average

Segments

have settled at a price plateau

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

market plateau

seen across

been reasonably

market

price and value.

price per square foot and median list

Market Action Index for persistent changes

7-Day Average

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

Average

Market Action Index

The market has been cooling over time and prices have recently flattened. Despite the consistent

in Market Action Index

inventory

the MAI

into the

we’re in a Seller’s Market (where significant demand leaves

likely follow suit. If the MAI drops

7-Day Average 90-Day Average

Market Action Segments

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.

Median Days

Segments

take longer

than

Owner

LOCATION

TAX

ASSESSMENT

Value

$70,000

$264,300

$70,000 $70,000

$238,900 $238,900

Value Total $334,300 $334,300 $308,900 $308,900

Value Land $5,005 $5,005 $5,005 $5,005

Value Improved $18,897 $18,897 $17,081 $17,081

Value Total $23,902 $23,902 $22,086 $22,086

FEATURES

Feature Type

Attached Garage

Covered Porch

Patio Slab Or Terrace

First Floor

Basement Total

Second Floor

SELL SCORE

Rating Low Value As Of 2022 10 02 04:33:20 Sell Score 493

LAST MARKET SALE & SALES HISTORY

Sale Date 04/22/2016

Deed Type Warranty Deed Sale Price $245,000 Owner Name Neel Eric L Price per SqFt Finished $148 48 Owner Name 2 Neel Sarah Frances Document Number D6042626 Seller Cichowicz Phyllis A & Joanne

Sale Date 04/22/2016 04/22/2016 01/31/2016 05/04/2001 09/27/1990

Sale Price $245,000 $500 $103,500

Nominal Y Y Y

Buyer Neel Eric L & Sarah F Cichowicz Phyllis A & Joanne Cichowicz Phyllis A & Joanne Cichowicz Phyllis A Cichowicz Phyllis A Buyer Neel Sarah F Cichowicz Joanne Cichowicz Joanne Seller Cichowicz Phyllis A & Joanne Cichowicz Phyllis A Tr ust Cichowicz Phyllis A Cichowicz Phyllis A Schafer Charles F & Sc hafer M

Document Number D6042626 D6042624 D6014176 B1100194 6037-608

Document Type Warranty Deed Correction Deed Quit Claim Deed Warranty Deed Warranty Deed Title Company Fidelity National Title I nsura

MORTGAGE HISTORY

Mortgage Date 07/01/2021 Mortgage Amount $43,000

Mortgage Lender * Other Institutional Lenders Borrower Neel Eric L

Borrower Neel Sarah F

Mortgage Type Conventional Mortgage Purpose Refi Mortgage Term 10 Mortgage Term Years

Map

Wanless

Summary of Comparable

A

3144 S Wheeling Way 210 410

S Wheeling Way 408

S Heather Gardens Way

E Marina Drive A

Christopher Wanless

2,145 $349,500 $163

1,560 $417,000 $267

2,150 $419,000 $195

$489,950 $225

$418,862 $213

Listings

Christopher Wanless

The Bartic Group

Details

Prop Type: Condominium County: Arapahoe Subdivision: Heather Gardens

Full baths: 2 0

3/4 Baths: 1.0

Features

Accessibility Features: Accessible Approach with Ramp

Appliances: Dishwasher, Disposal, Microwave, Oven, Range

Lot Size (sqft):

Garages: 2

List date: 9/13/22

Updated: Sep 12, 2022 7:15 PM

List Price: $349,500

Orig list price: $349,500

Assoc Fee: $865

Taxes: $1,914

School District: Cherry Creek 5

High: Overland

Middle: Prairie Elementary: Polton

Association Amenities: Clubhouse, Coin Laundry, Elevator(s), Fitness Center, Front Desk, Garden Area, Golf Course, On Site Management, Parking, Pool, Sauna, Security, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s)

Association Fee Frequency: Monthly

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

Association Name: Heather Gardens Association Phone: 303-755-0652

Association Yn: true

Christopher Wanless

Builder Model: Alpha Executive

Builder Name: EDI

Building Area Source: Public Records

Building Name: Alpha

Common Walls: End Unit, No One Above, 1 Common Wall

Construction Materials: Block

Cooling: Air Conditioning-Room

Direction Faces: Northeast

Distance To Bus

Numeric: 1

Distance To Bus Units: Miles

Electric: 110V, 220 Volts

Entry Level: 4

Entry Location: Corridor Access

Exterior Features: Balcony

Flooring: Carpet, Laminate

Furnished: Unfurnished

Heating: Baseboard, Hot Water

Interior Features: Corian Counters, No Stairs, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: Common Area

Levels: One

Listing Terms: Cash, Conventional, FHA, Lease Purchase, VA Loan

Living Area Total: 2145

Main Level Bathrooms: 3

Main Level Bedrooms: 3

Number Of Units Total: 48

Remarks

Parking Features: Asphalt

Parking Total: 2

Patio And Porch: Covered, Patio

Pets Allowed: Cats OK, Dogs OK, Yes Roof: Composition

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

Senior Community Yn: true

Sewer: Public Sewer

Structure Type: Mid Rise (4 7)

Tax Legal Description: UNITS 25496 & 25498

BLDG 210 AS PER CONDOMINIUM DECLARATION

RECORDED IN B 2095 P 436 HEATHER GARDENS

6TH FLG LOT 1 BLK 1 & LOT 1 BLK 2 CONDOMINIUM

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Phone Available View: Golf Course, Lake Water Source: Public Window Features: Window Coverings

See this home Tues 4 7pm or Sat. 9am-1pm - Lease Purchase and Lease Option possible at $2,525.00/mo Enjoy panoramic golf course views of the 8th tee box, bridge and pond. Vaulted ceilings and spacious end bedroom/study at 22x14 with cross ventilation from end unit location. Double wide front patio ideal for entertaining. Remodeled kitchen features Corian countertops and stainless microwave and oven/range. If you are looking for plenty of space in a great location, look no further. Short stroll up to the clubhouse for dinner, drinks or a swim or to the Pro Shop to play the 9 hole par 32 golf course. 50,000 sq.ft. clubhouse (now re-opened) offers indoor pool, open year-round, gym, library, restaurant, activities, exercise classes including Yoga, Tai Chi, Cardio Fitness and regular movies and dances.

Christopher Wanless

Christopher

ACTIVE

Details

Prop Type: Condominium County: Arapahoe Subdivision: Heather Gardens

Full baths: 1.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Microwave, Oven, Refrigerator

Association Amenities: Clubhouse, Coin Laundry, Elevator(s), Fitness Center, Golf Course, On Site Management, Parking, Pool

Association Fee Frequency: Monthly

Lot Size (sqft):

Garages: 1

List date: 10/6/22

Updated: Oct 6, 2022 1:47 AM

List Price: $417,000

Orig list price: $417,000

Assoc Fee: $617

Taxes: $1,532

School District: Cherry Creek 5

High: Overland

Middle: Prairie Elementary: Polton

Association Fee

Includes: Heat, Insurance, Maintenance Grounds, Maintenance Structure, Road Maintenance, Security, Sewer, Snow Removal, Trash, Water

Association Name: Heather Gardens

Association Phone: 303-755-0652

Association Yn: true

Building Area Source: Public Records

Construction Materials: Concrete

Cooling: Air Conditioning-Room

Exterior Features: Balcony

Heating: Forced Air Levels: One

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1560

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Total: 1

Patio And Porch: Covered Roof: Composition

Senior Community Yn: true

Christopher Wanless

Sewer: Public Sewer

Structure Type: Mid Rise (4 7)

Tax Legal Description: UNIT 25539 BLDG 211 AS PER CONDO DECLARATION

RECORDED IN B 2095 P 436 HEATHER GDNS 6TH FLG LOT 1 BLK 1 & LOT 1 BLK 2 CONDOS

Tax Year: 2021

View: Golf Course

Remarks

Retirement living at its finest! This exceptional 1560 square foot Heather Gardens condo has room to stretch out! Double door entry and top floor vaulted ceilings provide an extra spacious feeling. The open floor plan is perfect for entertaining with a huge living room, dining room and generous kitchen with stainless steel appliances and a new 9 drawer granite prep and breakfast bar. The vaulted primary bedroom has an organizer walk-in closet and en-suite 3/4 bath, granite vanity, and linen closet. Second bedroom, also vaulted, has a 7 mirrored-door closet. A full bath with granite vanity is across the hall. A storage room/extra closet down the hall. This condo also features new carpet, light fixtures, and insulating shades! Relax in the large private glass-enclosed patio with south end views of the golf course! Also included with this unit - one covered, lighted parking space and a garage. Heather Gardens boasts the greenest grounds of the Denver Metro Area's premier active adult communities - and its next door to 2000-acre Cherry Creek State Park! Other amenities: a club house with restaurant-bar, the executive 9-hole par 3 golf course, tall-tree walking trails and gardens, indoor and outdoor swimming pools, the spa and exercise room...and more! The HOA covers your water, heat, snow removal, trash, recycling, sewer, security. Units in this community do not last long so hurry to make this special one your home!

Christopher Wanless

3286

Details

Prop Type: Condominium County: Arapahoe Subdivision: Heather Gardens

Style: Contemporary Full baths: 2 0

Features

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

Association Amenities: Clubhouse, Fitness Center, Front Desk, Garden Area, Golf Course, On Site Management, Pool, Sauna, Spa/Hot Tub, Tennis Court(s) Association Fee Frequency: Monthly

3/4 Baths: 1.0

Half baths: 1.0

Lot Size (sqft): Garages: 2

List date: 7/20/22

Way

Updated: Sep 26, 2022 3:35 AM

List Price: $419,000

Orig list price: $439,000

Assoc Fee: $605

Taxes: $1,287

School District: Cherry Creek 5

High: Overland

Middle: Prairie Elementary: Polton

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Road Maintenance, Sewer, Snow Removal, Trash, Water

Association Name: Heather Gardens Association Phone: 303 755-0652

Association Yn: true

Christopher Wanless

Bartic

Basement: Finished

Below Grade Unfinished Area: 268 0

Common Walls: 2+

Common Walls

Construction Materials: Frame, Vinyl Siding

Cooling: Central Air Electric: 110V, 220 Volts

Exterior Features: Garden

Fireplace Features: Living Room

Fireplaces Total: 1

Flooring: Carpet, Wood

Heating: Forced Air

Interior Features: Granite Counters, Vaulted Ceiling(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2150

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Front Porch, Patio

Pets Allowed: Cats OK, Dogs OK

Remarks

Roof: Composition

Senior Community Yn: true

Sewer: Public Sewer

Structure Type: Townhouse

Tax Legal Description:

UNIT 59 BLDG 314 AS PER CONDOMINIUM DECLARATION

RECORDED IN B2095 P436 HEATHER

GARDENS 7TH FLG LOT 1 BLK 1 CONDOS

Tax Year: 2021

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

Water Source: Public

Welcome to the wonderful 55+ community of Heather Gardens. This is one of the desirable townhouses in the community. Enter through a covered front porch and into a light and bright entry foyer. The living room on the main level has vaulted ceilings with skylights and a cozy gas fireplace. Plantation shutters adorn the living room and dining room. The kitchen has granite counters, tile backsplash and newer appliances. On the second level you will find your 3 bedrooms including a roomy master suite. The finished basement in this home provides lots of extra living, entertaining, and storage space. In the back you will find a covered back patio with grassy area for your pets. New furnace and AC! Heather Gardens is an active adult community, with dozens of clubs and activities to get involved in. The 50,000 sq. ft. Clubhouse is the heart of the community. Some features include an Indoor pool with lap lanes and a 1,800-square-foot, state-of-the art exercise facility with sauna and spacious locker rooms - 2,320 sq ft multi-use auditorium with sprungwood floors for aerobics and other exercise classes. The community also has tennis, indoor and outdoor pools, hot tub, sauna, and a plethora of classes and activities. Coffee area with lounge terrace and outdoor seating - Completely handicap accessible, Full-service restaurant with patio seating near the outdoor pool. There are opportunities for residents to participate in wide-ranging educational, recreational, travel and social programs. Enjoy the wonderful Heather Gardens Country Club lifestyle with 200+ acres of lush park like grounds, the spectacular Clubhouse and an award-winning 9-hole golf course with new pro shop. Close to shopping, dining, light rail & Cherry Creek Reservoir with endless trails and stunning views. This home is ideal for active senior living!

Wanless

Christopher

Details

Prop Type: Condominium County: Arapahoe Subdivision: Heather Gardens

Full baths: 3.0

Features

Association Amenities: Clubhouse, Fitness Center, Golf Course, On Site Management, Pool, Spa/Hot Tub, Tennis Court(s)

Association Fee Frequency: Monthly

Lot Size (sqft): 2,178 Garages: 2

List date: 8/11/22

Updated: Sep 29, 2022 10:16 AM

List Price: $489,950

Orig list price: $499,950

Assoc Fee: $468 Taxes: $1,423

School District: Cherry Creek 5

High: Overland

Middle: Prairie Elementary: Polton

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

Association Name: Heather Gardens Association Phone: 303-755-0652

Association Yn: true

Basement: Finished, Full

Below Grade Unfinished Area: 176 0

Building Area Source: Public Records

Common Walls: End Unit Construction Materials: Brick, Frame

Cooling: Central Air Entry Level: 1

Fireplace Features: Family Room

Fireplaces Total: 1

Flooring: Carpet, Laminate

Heating: Forced Air

Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Quartz Counters, Walk-In Closet(s)

Laundry Features: In Unit

Levels: One

Christopher Wanless

Listing Terms: Cash, Conventional, VA Loan

Living Area Total: 2176

Lot Features: Cul-De-Sac, Greenbelt

Main Level Bathrooms: 2

Main Level Bedrooms: 2

Parking Features: Dry Walled

Parking Total: 2

Patio And Porch: Deck, Front Porch Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Private Road Road Surface Type: Paved Roof: Composition Senior Community Yn: true

Remarks

Sewer: Community Structure Type: Low Rise (1-3)

Tax Legal Description:

UNIT 355 A BLDG 355 AS PER CONDO DECLARATION RECORDED IN B2095 P436 HEATHER GDNS WEST SUB 2ND FLG CONDOS

Tax Year: 2021

Virtual Tour: View

Water Source: Public

Window Features: Bay Window(s), Window Coverings

STOP IN THE NAME OF LOVE! Thats right, a contented homeowner in quintessential Heather Gardens. Loved her home, her community,& amenities.

Cared for & upgraded continually over the years. Hardwood floors upstairs. Bathrooms and bedrooms, top of the line carpet & padding. Slate tile on the outside entry, Master Bath, and Guest Bath upstairs. Plantation Shutters throughout first floor. Kitchen feels spacious with high ceilings & ceiling fan. Newer Cabinets have back saving Roll-Out shelving. Newer spick & span appliances. Downstairs finished. Two bedrooms with bath. Storage galore & Laundry Room with Samsung Washer & Dryer included! Outside Trex like Decking, at same level as dining room for EZ in and out. Great for entertaining!

Quality abounds! Make an appointment to see this wonderful home!

Christopher Wanless

Christopher

Analysis

Christopher Wanless

The Bartic Group

Comparable

Christopher Wanless

Suggested

Christopher Wanless

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%

Market Value -10% -15%

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.

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.