Comparable Market Analysis 7435 White Ash Place

at Keller Williams Integrity

Comparative Market

Owner

LOCATION

Property

Property

Property Carrier

80134

School District Douglas

Elementary School

Middle School Sagewood

High School Ponderosa

Subdivision Pinery

TAX

PIN R0332901

Legal

ASSESSMENT

Elem/Mtn

Assessment Year 2022 Preliminary 2021 2020 2019

Market Value Land $85,956 $85,956 $80,219 $80,219

Market Value Improved $445,603 $445,603 $446,270 $446,270

Market Value Total $531,559 $531,559 $526,489 $526,489

Assessed Value Land $5,970 $6,150 $5,740 $5,740

Assessed Value Improved $30,970 $31,860 $31,910 $31,910

Assessed Value Total $36,940 $38,010 $37,650 $37,650

YOY Assessed Change (%) 2 82%

YOY Assessed Change ($) $1,070 $360

Tax Year Total Tax

2019 $3,100 2020 $3,088

2021 $3,103

Bldg

Rating Low Value As Of 2022 10 09 04:33:39 Sell Score 450

LISTING INFORMATION

MLS Listing Id 9410767

MLS Days On Market 91

MLS Source REcolorado

MLS Current Price $799,000

MLS Original List Price $889,000

MLS Listing Contract Date 07/01/2022

MLS Status Expired MLS List Office Name HOMIE

MLS Status Change Date 09/30/2022

MLS List Agent Full Name 055086-Denise Morales

MLS Listing # 7700006

MLS Source History REcolorado

MLS Status Closed

MLS Listing Price $350,000

MLS Orig Listing Price $350,000

MLS Listing Close Price $344,500

MLS Listing Date 11/27/2013

MLS Close Date 01/27/2014

LAST MARKET SALE & SALES HISTORY

Sale Date 01/29/2014

Deed Type Warranty Deed

Sale Price $344,500 Owner Name Britt Clint W

Price per SqFt Finished $85 08 Seller Buchen Gerald M & Carol A Document Number 5331

Sale Date 01/29/2014 08/29/2003 04/25/1996 05/07/1993

Sale Price $344,500 $339,000 $235,000 $28,000 Buyer Britt Clint W Buchen Gerald M & Carol A Vassilaros George C & Terri J Rycor Builders

Buyer Buchen Carol A Vassilaros Terri J Seller Buchen Gerald M & Carol A Vassilaros George C & Terri J Rycor Builders Inc Associated Inv Co Of El Pas o

Document Number 5331 135233 1337 295 1125 1425

Document Type Warranty Deed Warranty Deed Special Warranty Deed Warranty Deed

Title Company First American Title Insuran ce Title America

Multi/Split Sale Type Multiple

MORTGAGE HISTORY

Mortgage Date 06/03/2021 06/29/2018 06/09/2015 01/31/2014 01/10/2006

Mortgage Amount $283,000 $321,000 $330,133 $332,442 $59,000

Mortgage Lender Guardian Mtg Nfm Lndg Mortgage West Mortgage West Jp Morgan Chase Bk Borrower Britt Clint W Britt Clint W Britt Clint W Britt Clint W Buchen Gerald M

Borrower Buchen Carol A

Mortgage Type Conventional Conventional Fha Fha Conventional Mortgage Purpose Refi Refi Refi Resale Refi Mortgage Int Rate

Mortgage Int Rate Type Fixed Rate Loan

Mortgage Term 15 15 30 30 30

Mortgage Term Years Years Years Years Years Title Company Fitco First Integrity Titl e Land Title Guarantee Other

Mortgage Date 09/09/2003 07/27/2001 06/20/2001

Mortgage Amount $269,000 $40,000 $275,000

Mortgage Lender Washington Mutual Bk Fa Greenpoint Mtg Fndg Washington Mutual Bk Fa Borrower Buchen Gerald M Vassilaros George C Vassilaros George C Borrower Buchen Carol A Vassilaros Terri J Vassilaros Terri J

Mortgage Type Conventional Conventional Conventional Mortgage Purpose Resale Refi Refi Mortgage Int Rate 5

4.1% $35,900

varied up to 4.1% or $35,900

actual

prices.

Crocus Way

$799,213 -1.7%

ZESTIMATE DIFFERENCE

Bur Oak Place $880,000 $844,100 -4.1%

ADDRESS

DATE

PRICE ZESTIMATE DIFFERENCE

7415 Pine Forest Lane 6/2/22 $700,000 $713,900 2.0%

5039 Bur Oak Lane 6/30/22 $815,000 $829,400 1.8%

5001 Bur Oak Lane 4/18/22 $975,000 $999,600 2.5%

Map of

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: The Pinery Full baths: 3.0

3/4 Baths: 1.0

Features

Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Range Hood, Refrigerator, Warming Drawer

Association Fee Frequency: Annually

Association Name: The Pinery South 8B HOA

Association Phone: 303-841-8572

Association Yn: true

Half baths: 1.0

Lot Size (sqft): 14,045

Garages: 2

List date: 7/8/22

Updated: Sep 5, 2022 3:23 PM

List Price: $813,000

Orig list price: $848,000

Assoc Fee: $162

Taxes: $3,413

School District: Douglas RE-1

High: Ponderosa

Middle: Sagewood

Elementary: Mountain View

Basement: Exterior Entry, Finished, Full, Walk-Out Access

Below Grade Unfinished Area: 300.0

Building Area Source: Public Records

Construction Materials: Brick, Stucco

Cooling: Central Air

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

Fireplaces Total: 2

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, Jack & Jill Bath, Jet Action Tub, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s), Wet Bar

Levels: Two

Listing Terms: Cash, FHA, Other, VA Loan

Living Area Total: 4300

Lot Features: Corner Lot, CulDe-Sac, Landscaped

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Covered, Deck, Patio

Road Surface Type: Paved Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House Tax Legal Description: LOT 81 THE PINERY #8B 0.274 AM/L

Tax Year: 2021

Remarks

Utilities: Electricity Available, Natural Gas Available, Phone Available

Water Source: Public

Window Features: Double Pane Windows

Zoning: PDU

Beautiful single family home in the desirable The Pinery, Parker area! Open concept living area on the main floor with a gas fireplace and tons of natural light! Stunning hardwood floors throughout the entryway and the main level! The kitchen has exquisite granite counter tops, stainless-steel appliances, hood ranged, island, under cabinet lighting, and gorgeous cabinets with tons of space for storage! The primary bedroom offers shutters blinds, gas fireplace and a phenomenal spa like 5 piece bath plus a large walk-in closet! The basement is finished plus an additional living area that could be a game room, gym or a flex space! The backyard includes a spacious trex deck with a covered patio area below perfect for entertaining! Convenient access to nearby parks, schools, stores, and restaurants! Welcome home!

7472

$880,000

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: The Pinery Full baths: 3.0

3/4 Baths: 1.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Humidifier, Microwave, Oven, Refrigerator, Sump Pump, Washer, Water Purifier, Water Softener

Association Amenities: Playground Association Fee Frequency: Annually Association Name: Pinery 8b HOA

Half baths: 1.0

Lot Size (sqft): 12,196

Garages: 5

List date: 6/2/22

Pending date: 9/23/22

Off-market date: 9/21/22

Updated: Sep 23, 2022 11:38 AM

List Price: $880,000

Orig list price: $975,000

Assoc Fee: $162

Taxes: $3,369

School District: Douglas RE-1

High: Ponderosa

Middle: Sagewood

Elementary: Mountain View

Association Phone: 303-841-8572

Association Yn: true

Basement: Finished, Full, Sump Pump

Below Grade Unfinished Area: 171.0

Builder Name: Premier Homes Inc

Building Area Source: Public Records

Construction Materials: Brick, Frame, Wood Siding

Cooling: Central Air

Exterior Features: Garden, Private Yard

Fireplace Features:

Basement, Family Room, Gas Log, Great Room

Fireplaces Total: 2

Flooring: Carpet, Tile, Wood

Furnished: Unfurnished

Heating: Forced Air, Natural Gas

Interior Features: Built-in Features, Ceiling Fan(s), Eatin Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, Jack & Jill Bath, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Radon Mitigation System, Smoke Free, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar

Levels: Two

Listing Terms: Cash, Conventional, Jumbo, VA Loan

Living Area Total: 4390

Main Level Bathrooms: 1

Parking Features: Concrete, Floor Coating

Parking Total: 5

Patio And Porch: Front Porch, Patio

Property Condition: Updated/Remodeled Roof: Composition Security Features: Carbon Monoxide Detector(s), Radon Detector, Smart Cameras

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 19 BLK 1 THE PINERY 8B SECOND AMENDMENT 0.283 AM/L

Tax Year: 2022

View: Mountain(s)

Water Source: Public Zoning: PDU

Remarks

Welcome home to this beautifully updated house on a quiet cul-de-sac in the Pinery South neighborhood. This home has a 5 car garage and has been renovated from top to bottom with high end finishes throughout. Right as you walk in you will notice the beautiful staircase and chandelier. The main level is light and airy and features a family room and patio right off of the kitchen making it easier than ever to entertain.This home features 2 home office areas making it perfect for those that work from home. The formal dining room makes a statement with its beautiful white wainscoting. The master bedroom boasts walk-in closets and a 5 piece master bath complete with soaking tub, heated floors and a heated bench! The basement has a full wet bar, fireplace, extra room, bathroom and large flex space. The backyard has been beautifully landscaped to be a completely private oasis in a few years. The charming rock wall is full of Rocky mountain wildflowers. Topping everything off is the wonderful quiet neighborhood of the Pinery South. People living there enjoy strolls through the neighborhood with stunning views of Pikes Peak. They also enjoy the Horse Park festivities throughout the summer The Pinery South also has an abundance of wildlife providing a peaceful sanctuary for all types of animals.

Updates included: All new plumbing fixtures, new Acacia wood flooring throughout main and upper level with transferable warranty, all new interior and exterior paint, brand new carpet in bedrooms, new baseboard and trim, new hot water heater, water softener and whole home humidifier. R/O drinking water in kitchen. New Kitchenaid refrigerator, oven, dishwasher and microwave.All bathrooms updated with top of the line finishes. 5 piece master includes marble shower pan, frameless shower, rain shower head, heated floors, bench and quartz counters. All new lighting fixtures and new patio and slab retaining wall in backyard. 5 car garage has nicely updated epoxy floors.

7415

$700,000

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Pinery Style: Traditional

Full baths: 3.0

Features

Appliances: Dishwasher, Microwave, Range, Refrigerator

Association Fee Frequency: Annually Association Name: Pinery 8B Association Phone: (303) 841-8572

Association Yn: true

Basement: Unfinished

Below Grade Unfinished Area: 466.0

Lane

Lot Size (sqft): 13,373

Garages: 3

List date: 4/22/22

Sold date: 6/2/22

Off-market date: 5/6/22

Updated: Jun 3, 2022 4:41 AM

List Price: $700,000

Orig list price: $695,000

Assoc Fee: $165

Taxes: $2,056

School District: Douglas RE-1

High: Ponderosa

Middle: Sagewood

Elementary: Mountain View

Madrid

Building Area Source: Public Records

Concessions: No

Construction Materials: Brick, Frame, Wood Siding

Cooling: None

Direction Faces: Southwest

Fencing: None

Fireplace Features: Family Room

Fireplaces Total: 1 Flooring: Carpet

Heating: Forced Air, Natural Gas

Interior Features: Breakfast Nook

Levels: Tri-Level

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2142

Parking Total: 3

Patio And Porch: Deck, Patio Road Surface Type: Paved Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: Lot 110, Pinery Subdivision Filing No. 8B, as shown on the Map recorded June 14, 1985, at Reception No. 355360, Records of Douglas County, County of Douglas, State of Colorado.

Tax Year: 2021

View: Mountain(s)

Remarks

The wonderful use of space in the home combined with the absolutely beautiful landscaped huge lot makes this one highly desirable! This tri-level ,with an unfinished basement, (the county records are inaccurate) offers 4 bed rooms, 3 full baths and a loft to go along with the incredible views! 3 car attached garage is hard to come by in this neighborhood. The turn key opportunity to own this home makes it a must see! Come take a look before it's gone, there is only so much that can be seen in photos, come see this in person! You won't be disappointed. Did I mention the landscaping??

Kendra Madrid

5039

$815,000

Lane

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Pinery Style: Traditional

Full baths: 4.0

Features

Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer, Wine Cooler

Association Fee Frequency: Annually Association Fee Includes: Maintenance Grounds, Road Maintenance

Association Name: Pinery South B

Half baths: 1.0

Lot Size (sqft): 11,761

Garages: 5

List date: 5/20/22

Sold date: 6/30/22

Off-market date: 5/23/22

Updated: Jul 1, 2022 10:19 AM

List Price: $800,000

Orig list price: $800,000

Assoc Fee: $200

Taxes: $3,708

School District: Douglas RE-1

High: Ponderosa

Middle: Sagewood

Elementary: Northeast

Association Phone: (303) 841-0800

Association Yn: true

Basement: Walk-Out Access

Below Grade Unfinished Area: 110.0

Building Area Source: Public Records

Common Walls: No Common Walls

Concessions: No

Construction Materials: Frame

Madrid

Cooling: Central Air

Exterior Features: Balcony, Fire Pit, Garden, Lighting, Private Yard, Spa/Hot Tub, Water Feature

Fencing: Partial

Fireplace Features: Family Room, Outside

Fireplaces Total: 2

Flooring: Carpet, Tile, Wood Heating: Forced Air

Horse Yn: true

Interior Features: Audio/ Video Controls, Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, High Ceilings, High Speed Internet, In-Law Floor Plan, Jack & Jill Bath, Jet Action Tub, Kitchen Island, Primary Suite, Smart Thermostat, Spa/Hot Tub, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar

Levels: Two

Listing Terms: 1031 Exchange, Cash, Conventional

Living Area Total: 4460

Main Level Bathrooms: 1

Remarks

Other Equipment: Home Theater

Parking Features: Tandem

Parking Total: 5

Patio And Porch: Covered, Deck, Patio

Roof: Composition

Security Features: Smoke Detector(s)

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT

39 PINERY #8B .274 AM/L

Tax Year: 2021

Water Source: Public

Zoning: PDU

This gorgeous and unique piece of property is elevated on a hill with a lovely view of the multiple acre ranch below as well as stunning views of the mountains and countryside. The property features a rare 5 car oversized garage, vaulted ceilings, formal living, formal dining room, family room, a wonderful formal study on its own level, spacious kitchen open to the family room, and tons of outdoor living spaces! This unique floor plan provides convenience, character and a custom home feel that is not your typical cookie cutter home. Embrace the stunning views from all of your main entertaining areas. Enjoy the beautiful kitchen with granite countertops, a large center island with electric cooktop, lots of storage, a built in desk area and breakfast nook area with tons of natural light. The kitchen flows beautifully to the family room and features a gas fireplace and built-in book shelves.The lower level is its own private oasis, perfect for a mother-in-law apartment or excellent entertaining. Complete with a fabulous rec room, a kitchenette, eating or game area, theater room, incredible wine room, full bathroom, plenty of storage space and a 5th bedroom or bonus room! The covered patio below that includes a hot tub and is next to a beautiful built-in pond with waterfall feature makes this the perfect place to relax and unwind.The primary suite features 2 full walk-in closets and a larger 5 piece bath and a tub area with exceptional views and an abundance of natural light. The three other spacious bedrooms upstairs include an adjoining bath and one is complete with an ensuite bath. This Gorgeous private lot with multiple outdoor living spaces include a massive upper deck that feels like its own special treehouse surrounded by mature trees and backing to an open ranch with views of the mountains, complete with a built in fire pit. The lower level patio includes a hot tub and a beautiful built in pond and waterfall feature, gardens galore, side yard with gate.

Madrid

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: The Pinery

Full baths: 3.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator, Sump Pump

Amenities: Playground

Fee Frequency: Annually

Name: Pinery 8b HOA

Association Phone: 303-841-8572

Yn: true

Half baths: 1.0

Lot Size (sqft): 11,761

Garages: 3

List date: 3/18/22

Sold date: 4/18/22

Off-market date: 3/20/22

Updated: Apr 18, 2022 12:54 PM

List Price: $925,000

Orig list price: $925,000

Assoc Fee: $162

Taxes: $3,317

School District: Douglas RE-1

High: Ponderosa

Middle: Sagewood

Elementary: Mountain View

Basement: Full, Sump Pump, Walk-Out Access

Below Grade Unfinished Area: 171.0

Builder Name: Premier Homes Inc

Building Area Source: Public Records

Concessions: No

Construction Materials: Brick, Frame, Wood Siding Cooling: Central Air

Exterior Features: Private Yard

Fireplace Features: Family Room, Gas Log

Fireplaces Total: 1

Flooring: Tile, Wood

Furnished: Unfurnished

Heating: Forced Air, Natural Gas

Interior Features: Built-in Features, Ceiling Fan(s), Eatin Kitchen, Entrance Foyer, Five Piece Bath, High Ceilings, Jack & Jill Bath, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Quartz Counters, Radon Mitigation System, Vaulted Ceiling(s), Wet Bar

Levels: Two

Listing Terms: Cash, Conventional, Jumbo, VA Loan

Living Area Total: 4390

Main Level Bathrooms: 1

Parking Features: Concrete

Parking Total: 3

Patio And Porch: Covered, Deck, Front Porch

Property Condition: Updated/Remodeled

Roof: Composition

Security Features: Carbon Monoxide Detector(s), Radon Detector, Smart Cameras

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 11 BLK 2 THE PINERY 8B SECOND AMENDMENT 0.269 AM/L

Tax Year: 2020

Remarks

Water Source: Public

Window Features: Double Pane Windows

Zoning: PDU

Welcome home to this beautifully renovated house in the coveted Pinery South. You will be in awe the moment you walk through the front door and are greeted by the grand staircase and 18 foyer, which sets the tone for the rest of this wonderful home. The main level is completely updated with a dining room, sitting room, custom built-in mudroom and family room all on one level with 9 ceilings throughout and lots of natural light. The kitchen is bright and airy with a breakfast nook and opens to the family room and deck, making entertaining a breeze. The large master bedroom is complete with vaulted ceilings, his and her walk-in closets and beautiful views of rolling hills. The spacious master bathroom is completely renovated with a double vanity, freestanding tub and walk-in rain shower! Every bedroom has an updated, en-suite bathroom. The walkout basement is complete with a mother-in-law suite, laundry room, storage, recreation room and four seasons covered patio. This east / west facing home backs to the Colorado Horse park which is a little hidden gem to everyone that lives in Pinery South. The summers are spent walking to the horse park and enjoying all the events it has to offer! To top everything off, the Pinery South has an abundance of wildlife providing a peaceful sanctuary for all types of animals. This executive home truly has it all to keep your family comfortable and flourishing for years to come.

Updates included: New furnace with warranty, new A/C with warranty, new water heater, new whole house filtration, newer water softener, R/O drinking water in kitchen, new appliances, Quartz countertops, updated bathrooms, red oak flooring on the staircase and throughout the upstairs, 4 3/4 baseboards, new lighting and ceiling fans, new front door and garage door opener, 100 amp sub panel in basement, 19'x9' basement room for storage or workout space!

Madrid

Comparable

LOWEST

LOWEST

102.7%

Homes

Analysis

for an

Days on market

7415 Pine Forest Lane $695,000 $700,000 100.72%

$327

Bur Oak Lane $800,000 $815,000 101.88% 3 $183

Bur Oak Lane $925,000 $975,000 105.41%

$830,000 102.89%

$222

$244

Summary of Comparable Properties

A ACTIVE LISTINGS

ADDRESS

5217 Crocus Way 4 5.00 4,300 $813,000 $189

Averages 4,300 $813,000 $189

P PENDING LISTINGS

ADDRESS

7472 Bur Oak Place 4 5.00 4,390 $880,000 $200

Averages 4,390 $880,000 $200

S SOLD LISTINGS

ADDRESS

7415 Pine Forest Lane 6/2/22 4 3.00 2,142 $700,000 $327

5039 Bur Oak Lane 6/30/22 5 5.00 4,460 $815,000 $183

5001 Bur Oak Lane 4/18/22 5 5.00 4,390 $975,000 $222

Averages 3,664 $830,000 $244

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.