Market Analysis for David Razey

at Keller Williams Integrity

Comparative Market Analysis

Razey

Patrick Riske

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

Marke

This answers “How’s the Market?”

Buyer's

rate of sales versus

Strong Seller's Market

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

Marke t Segme n ts

Highlands Ranch, CO

Re al-Time Marke t Profile

Median List Price $730,000

Median Price of New Listings $727,450

Per Square Foot $246 Average Days on Market 46

Median Days on Market 35

Price Decreased 65%

Price Increased 2% Relisted 4% Inventory 127 Median Rent $2,825 Market Action 56

Strong Seller's Market

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

Median

$1,050,000

8,000 10,000

6,500 8,000 sqft

$689,900 2,854 4,500 6,500 sqft

$633,500 2,167 4,500 6,500 sqft

Ranch, CO

Me d ian List Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

$500K

Oct

Segme n ts

7-Day Average 90-Day Average

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

Top 90-Day

90-Day

90-Day Bottom 90-Day

Ranch, CO

Price Pe r Square Foot

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

$150

I n ve n tory

7-Day Average 90-Day Average

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-Day Average 90-Day Average

Ranch, CO

Marke t Act ion I n d e x

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

7-Day Average 90-Day Average

Marke t Act ion Segme n ts

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

Ranch, CO

Me d ian Days on Marke t (DO M)

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

Oct

Segme n ts

7-Day Average 90-Day Average

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

Top 90-Day

90-Day

90-Day Bottom 90-Day

Owner InformationOwner Information

Owner NameOwner Name Cardinal Amy JCardinal Amy J

Mailing AddressMailing Address 4719 Waldenwood4719 Waldenwood Dr Dr

Mailing City & StateMailing City & State Highlands Ranch,Highlands Ranch, CO CO

Mailing ZipMailing Zip 80130 80130

Mailing ZIP 4Mailing ZIP 4 8912 8912

Mailing Carrier RouteMailing Carrier Route R010 R010

Owner OccupiedOwner Occupied Yes Yes

Location

Location

Property ZipProperty Zip 80130 80130

Census TractCensus Tract 141.46 141.46

Property Zip4Property Zip4 8912 8912 Neighborhood CodeNeighborhood Code 260-260 260-260

Property Carrier RouteProperty Carrier Route R010 R010 Neighborhood NameNeighborhood Name (OnBoard) (OnBoard) Eastridge Eastridge

School DistrictSchool District Douglas County ReDouglas County Re 11 Township Township 06 06

Elementary SchoolElementary School Arrowood Arrowood Range Range 67 67

Middle SchoolMiddle School Cresthill Cresthill Section Section 18 18 High SchoolHigh School Highlands RanchHighlands Ranch Quarter Quarter NW NW Subdivision Subdivision Highlands RanchHighlands Ranch Block Block 25 25

Zoning Zoning PDU PDU Lot Lot 151 151

PIN

PIN

PIN

0412362 0412362

DistrictTax District 3602

Online Valuation Analysis

1.6% $9,800

Zestimates varied up to 1.6% or $9,800 compared to actual MLS prices.

AADDRESS

PRICE ZESTIMATE DIFFERENCE

4192 Brookwood Court $580,000 $580,001 0.0% 10069 Kingston Court $595,000 $595,000 0.0%

4849 Kingston Avenue $637,000 $627,200 -1.5%

4697 Waldenwood Drive $644,900 $641,774 -0.5%

10302 Rotherwood Circle $650,000 $641,600 -1.3%

4584 Brookwood Drive $657,000 $647,837 -1.4%

P

ADDRESS PRICE ZESTIMATE DIFFERENCE

4946 Kingston Avenue $596,500 $587,000 -1.6% 10358 Kelliwood Way $645,000 $645,002 0.0% 10452 Ketchwood Court $650,000 $644,400 -0.9%

Zillow

Patrick

Map of Comparable Listings

MLS # STATUS

STATUS: A = ACTIVE P = PENDING

BEDS BATHS SQFT PRICE

1 Subject 4719 Waldenwood Dr 2 3.00 1,696 -

2 4592048

3 5064663

4 4393218

5 7759663

6 5785597

7 2949494

8 9339857

9 5639188

10 9769994

4192 Brookwood Court 4 3.00 1,639 $580,000

10069 Kingston Court 3 3.00 1,511 $595,000

4849 Kingston Avenue 3 4.00 2,155 $637,000

4697 Waldenwood Drive 3 3.00 1,716 $644,900

10302 Rotherwood Circle 4 4.00 2,770 $650,000

4584 Brookwood Drive 4 4.00 2,787 $657,000

4946 Kingston Avenue 3 3.00 1,805 $596,500

10358 Kelliwood Way 3 3.00 1,937 $645,000

10452 Ketchwood Court 3 4.00 2,227 $650,000

Patrick

ACTIVE 8/10/22

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Full baths: 2.0

Half baths: 1.0

Features

Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator

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

Association Fee Frequency: Quarterly

Association Name: Highlands Ranch Community Association

Lot Size (sqft): 7,619

Garages: 2

List date: 8/10/22

Updated: Sep 25, 2022 8:05 AM

List Price: $580,000

Orig list price: $610,000

Assoc Fee: $156 Taxes: $2,749

School District: Douglas RE-1

High: Highlands Ranch

Middle: Cresthill Elementary: Arrowwood

Association Phone: 303-791-2500

Association Yn: true

Basement: Partial, Unfinished

Below Grade Unfinished Area: 318.0

Building Area Source: Public Records

Construction Materials: Brick, Frame

Cooling: Central Air

Exterior Features: Private Yard

Fencing: Full

Fireplace Features: Family Room, Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

Heating: Forced Air, Natural Gas

Interior Features: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)

Laundry Features: In Unit Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1639

Lot Features: Cul-De-Sac, Near Public Transit

Patrick Riske

Main Level Bathrooms: 1

Parking Total: 2

Patio And Porch: Deck

Road Frontage Type: Public Road

Remarks

Road Surface Type: Paved Roof: Composition

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 362 HIGHLANDS RANCH #122G .175 AM/L

Tax Year: 2021

Virtual Tour: View Water Source: Public Zoning: PDU

Light and bright updated 4 bedroom, 3 bath home on cul-de-sac. Beautiful refinished hardwood floors. Kitchen looks out to the spacious family room with gas fireplace, vaulted ceilings, ceiling fan and lots of natural light. Dining area. Master suite with vaulted ceilings, ceiling fan, walk-in closet and 5 piece bath. Large deck in fenced backyard. Walk to park, trails, schools and shopping.

Patrick Riske

Patrick Riske

$595,000

Beds 3.00 Baths

Sq.

ACTIVE 9/8/22 Year Built 1998 Days on market: 12

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Style: Traditional Full baths: 2.0

Features

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

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

Association Fee Frequency: Quarterly

Association Name: HRCA Association Phone: (303) 791-2500

Association Yn: true

Half baths: 1.0

Lot Size (sqft): 5,706

Garages: 2

List date: 9/8/22

Updated: Sep 27, 2022 6:04 AM

List Price: $595,000

Orig list price: $595,000 Assoc Fee: $155

Taxes: $2,756

School District: Douglas RE-1

High: Highlands Ranch Middle: Cresthill

Elementary: Arrowwood

Building Area Source: Public Records

Construction Materials: Frame

Cooling: Central Air

Direction Faces: East

Exterior Features: Rain Gutters

Fireplace Features: Gas, Gas Log

Fireplaces Total: 1

Flooring: Carpet, Laminate, Tile

Foundation Details: Slab

Heating: Forced Air, Natural Gas

Horse Yn: false

Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Pantry, Primary Suite

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1511

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

Main Level Bathrooms: 1

Parking Features: Concrete, Storage Parking Total: 2

Patio And Porch: Covered, Front Porch

Patrick Riske

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Concrete

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

Senior Community Yn: false Sewer: Public Sewer Structure Type: House

Tax Legal Description: LOT 453 HIGHLANDS RANCH #120C. 0.131 AM/L

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Natural Gas Connected

Remarks

Water Source: Public Zoning: PDU

This one is a GEM! You'll fall in love with this fabulous home on a quiet cul-de-sac in Highlands Ranch. Efficient floorplan with tons of natural light and vaulted ceilings, and solar panels that are owned. Mature landscaping with a large shade tree and a welcoming front porch greet you. The fully fenced, lushly grassed back yard is ready for your summer barbeques. Enjoy the cool fall evenings relaxing by your three-way gas log fireplace. The exterior of the home and fence are freshly painted. Other upgrades include: newer flooring in the entry way, kitchen, and primary bath, and a new hot water heater

Highlands Ranch has an extensive parks and trail system and four Recreation Centers, including nearby Eastridge Community Recreation Center, which boasts two indoor and two outdoor swimming pools, a large climbing wall, and two outdoor sand volleyball courts. You will love calling this "home!"

Patrick Riske

Patrick Riske

$637,000 3 Beds 4.00 Baths

2,155 Sq. Ft. ($296 / sqft)

ACTIVE 5/22/22 Year Built 1998 Days on market: 124

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: HIGHLANDS RANCH

Full baths: 2.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Oven

Association Fee Frequency: Quarterly

Association Name: HIGHLANDS RANCH COMMUNITY ASSOC Association Phone: 3034718886

Half baths: 1.0

Lot Size (sqft): 4,051

Garages: 2

List date: 5/22/22

Updated: Sep 27, 2022 3:48 AM

List Price: $637,000

Orig list price: $706,000

Assoc Fee: $156

Taxes: $2,957

School District: Douglas RE-1

High: Highlands Ranch

Middle: Cresthill Elementary: Arrowwood

Association Yn: true

Basement: Finished, Partial Construction Materials: Brick, Wood Siding

Cooling: Central Air

Fireplaces Total: 1

Heating: Forced Air, Natural Gas Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2155

Main Level Bathrooms: 1

Parking Total: 2

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House Tax Legal Description: LOT 388 HIGHLANDS RANCH # 120C 0.093 AM/L

Tax Year: 2021

Utilities: Electricity Available Zoning: PDU

Patrick Riske

Remarks

Fabulous 3 bedroom, 3.5 bathroom home in Highlands Ranch. The open-concept kitchen features stainless steel appliances, beautiful white cabinetry, and dark hardwood floors that flow into the living room, where you'll find a cozy fireplace and an abundance of natural light. The primary bedroom boasts plush carpet and an en-suite bathroom. Outside, enjoy a fenced-in yard and patio perfect for entertaining. Don't wait to make this home yours! This home has been virtually staged to illustrate its potential.

Patrick Riske

Patrick Riske

$644,900

ACTIVE 8/11/22

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Eastridge Style: Contemporary

Full baths: 2.0

Features

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

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

Association Fee Frequency:

Quarterly Association Name: Highlands Ranch Community Association

Half baths: 1.0

Lot Size (sqft): 13,939

Garages: 2

List date: 8/11/22

Updated: Sep 19, 2022 6:07 AM

3 Beds 3.00 Baths

Year Built 2000

on market:

List Price: $644,900

Orig list price: $699,000

Assoc Fee: $156

Taxes: $3,033

School District: Douglas RE-1

High: Highlands Ranch

Middle: Cresthill

Elementary: Arrowwood

Association Phone: 303-791-2500

Association Yn: true

Basement: Interior Entry/ Standard, Partial, Unfinished

Below Grade Unfinished Area: 254.0

Building Area Source: Public Records

Construction Materials: Frame, Stone

Cooling: Central Air

Direction Faces: East

Exterior Features: Dog Run, Garden, Private Yard

Fencing: Full

Fireplace Features: Dining Room, Living Room

Fireplaces Total: 1

Flooring: Carpet, Tile, Wood

Heating: Forced Air, Natural Gas

Horse Yn: false

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Laminate Counters, Open Floorplan, Primary Suite, Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional

Living Area Total: 1716

Lot Features: Cul-De-Sac, Landscaped, Level

Main Level Bathrooms: 1

Patrick Riske

Parking Features: Concrete, Dry Walled, Finished, Floor Coating

Parking Total: 2

Pets Allowed: Cats OK, Dogs OK

Road Frontage Type: Public Road

Remarks

Road Surface Type: Paved Roof: Concrete

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 155 HIGHLANDS RANCH #122H 0.320 AM/L

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings Zoning: PDU

Move in ready 3 Bedroom, 3 Bath home on 1/3-acre lot in the Eastridge neighborhood. The spacious living room and double-sided gas fireplace welcomes you in right from the front door. The dining room is open to the kitchen and living room as a central location for gathering and entertaining. The kitchen features tons of counter space, stainless steel appliances, an island with built-in dining table, and wood floors. The windows flood the main floor with natural light. There is a main level laundry room with full-sized washer and dryer included. Upstairs includes the primary suite with a full ensuite bath and walk-in closet with a custom organizer. There are 2 additional bedrooms, a full secondary bathroom and a huge loft perfect for a home office or playroom. Step out into the huge back yard that is awaiting your personalization. The unfinished basement is ready and waiting for your expansion needs. The man cave of a garage includes loft storage and an epoxy finished floor. The location is amazing with close proximity to restaurants, shops, parks, trails and walking distance to the Southridge Community Recreation Center. Easy access to 470, and I-25 for commuting. Come see all this home has to offer! If you have any questions, please email: boklein@comcast.net

Patrick Riske

Patrick Riske

$650,000

ACTIVE 7/13/22

Rotherwood

4 Beds 4.00 Baths

Sq. Ft. ($235

Year Built 1999 Days on market: 56

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Southridge

Style: Contemporary Full baths: 2.0

Features

Appliances: Dishwasher, Disposal, Double Oven, Gas Water Heater, Microwave, Oven, Range, Refrigerator

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

Association Fee Frequency: Quarterly Association Name: Highlands Ranch Community Association

3/4 Baths: 1.0

Half baths: 1.0

Lot Size (sqft): 4,704

Garages: 2

List date: 7/13/22

Updated: Sep 7, 2022 6:59 AM

List Price: $650,000

Orig list price: $695,000

Assoc Fee: $156

Taxes: $3,073

School District: Douglas RE-1

High: Highlands Ranch

Middle: Cresthill

Elementary: Arrowwood

Association Phone: 303 751 7500

Association Yn: true

Basement: Finished, Partial, Sump Pump

Below Grade Unfinished Area: 80.0

Building Area Source: Public Records

Construction Materials: Frame

Cooling: Central Air

Direction Faces: North

Electric: 110V

Exterior Features: Private Yard

Fencing: Full

Fireplace Features: Bedroom, Family Room, Gas

Fireplaces Total: 2

Flooring: Carpet, Tile, Wood

Foundation Details: Structural

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Smoke Free, Walk-In Closet(s)

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2770

Lot Features: Sprinklers In Front, Sprinklers In Rear

Patrick Riske

Main Level Bathrooms: 1

Parking Features: Exterior Access Door

Parking Total: 2

Patio And Porch: Patio

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Remarks

Road Surface Type: Paved Roof: Composition

Security Features: Carbon Monoxide Detector(s)

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 239 HIGHLANDS RANCH 122G 0.108 AM/L

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Natural Gas Connected

Virtual Tour: View

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Zoning: PDU

This is one of the larger homes in the neighborhood with an open floor plan to enhance your living space. Three beds 2 baths up with another bed and 3/4 bath in the basement. Large primary suite with fireplace and adjoining office/sitting room. Ensuite 5 piece bath and walk-in closet. The adjoining kitchen/nook/family room opens to the patio creating an excellent space to entertain. The backyard is private as it backs to Arrowood Elementary with path to school next to home, all located on a low traffic circle location. The finished basement provides additional play or office space.

Patrick Riske

Patrick Riske

Highlands Ranch, CO

$657,000

4 Beds 4.00 Baths

MLS

2,787 Sq. Ft. ($236 / sqft)

ACTIVE 6/9/22 Year Built 2000 Days on market: 104

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: HIGHLANDS RANCH

Full baths: 3.0

Half baths: 1.0

Features

Appliances: Dishwasher, Oven

Association Fee Frequency: Quarterly Association Name: Highlands Ranch Community Association, Inc.

Association Phone: 3034718886

Association Yn: true

Lot Size (sqft): 5,401

Garages: 2

List date: 6/9/22

Updated: Sep 21, 2022 12:31 PM

List Price: $657,000

Orig list price: $743,000

Assoc Fee: $156 Taxes: $3,348

School District: Douglas RE-1

High: Highlands Ranch

Middle: Cresthill Elementary: Arrowwood

Basement: Partial Below Grade Unfinished Area: 88.0

Construction Materials: Brick, Wood Siding

Cooling: Central Air

Fireplaces Total: 1

Heating: Electric, Forced Air, Natural Gas

Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 2787

Parking Total: 2

Roof: Composition

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 452 HIGHLANDS RANCH #122G .124 AM/L

Tax Year: 2021

Utilities: Electricity Available Zoning: PDU

Patrick Riske

Remarks

Charming 4 bedroom, 3.5 bath home in Highlands Ranch now on the market. This home features a large open-concept kitchen with center island and ample cabinet and counter space. Hardwood floors flow into a bright living room complete with a cozy fireplace. Bedrooms offer natural lighting, plush carpet and spacious closets. Outside, enjoy a large patio and fire pit, perfect for entertaining. Don't miss this incredible opportunity! This home has been virtually staged to illustrate its potential.

Patrick Riske

Patrick Riske

$596,500 3 Beds 3.00 Baths

PENDING 7/26/22

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Eastridge

Full baths: 1.0

3/4 Baths: 2.0

Features

Appliances: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Self Cleaning Oven

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

Association Fee Frequency: Quarterly

Association Name: Highlands Ranch Association Phone: 303-791-2500

1,805 Sq. Ft. ($330 / sqft)

Year Built 1998 Days on market: 29

Lot Size (sqft): 4,138

Garages: 2

List date: 6/23/22

Pending date: 7/26/22

Off-market date: 7/26/22

Updated: Jul 28, 2022 3:04 AM

List Price: $596,500

Orig list price: $599,000

Assoc Fee: $142

Taxes: $2,594

School District: Douglas RE-1

High: Highlands Ranch Middle: Cresthill Elementary: Arrowwood

Association Yn: true

Basement: Finished

Building Area Source: Appraiser

Construction Materials: Brick, Frame, Wood Siding

Cooling: Central Air

Direction Faces: North

Flooring: Carpet, Wood Heating: Forced Air

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)

Levels: Multi/Split

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1805

Parking Features: Concrete

Parking Total: 2

Property Condition: Updated/Remodeled

Roof: Composition, Unknown

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 372 HIGHLANDS RANCH #120C. 0.095 AM/L

Tax Year: 2021

Water Source: Public Window Features: Window Coverings, Window Treatments

Zoning: PDU

Patrick Riske

Remarks

The perfect move-in ready family home in the much sought-after Eastridge neighborhood of Highlands Ranch. Less than a 5 minute walk to Big Dry Creek Park and minutes from both Southridge and Eastridge Rec Centers! Walk into beautiful vaulted ceilings. The main floor is open and bright with an updated kitchen centered at the heart of the home complete with stainless steel appliances. Engineered wood floors run throughout the main floor and plantation shutters cover EVERY window throughout the house! White beadboard lines the way to the upstairs and chair rails in the bedrooms add extra character. The owner's suite has a four piece bath and walk-in closet. The newly finished basement makes for the perfect hangout space or a great "Guest Suite" with a 3/4 bathroom and separate closet space. There is also a large crawl space for storage. The beautifully mature backyard creates privacy, with patio that features a retractable awning for those warm summer days. The water heater and heating and cooling systems are LESS THAN ONE YEAR OLD so you can enjoy worry free living.

Patrick Riske

Patrick Riske

$645,000

PENDING 9/8/22

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Style: Traditional Full baths: 2.0

Features

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer

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

Association Fee Frequency: Quarterly Association Fee Includes: Maintenance Grounds, Recycling, Trash

Half baths: 1.0

Lot Size (sqft): 7,797

Garages: 2

List date: 9/2/22

Pending date: 9/8/22

Off-market date: 9/8/22

3 Beds 3.00 Baths

1999

Association Name: Highlands Ranch Community Association (HRCA)

Association Phone: 303-471-7020

Association Yn: true

Basement: Full, Sump Pump, Unfinished

Below Grade Unfinished Area: 1045.0

Building Area Source: Public Records

Updated: Sep 9, 2022 3:03

AM

List Price: $645,000

Orig list price: $645,000

Assoc Fee: $156

Taxes: $3,091

School District: Douglas RE-1

High: Highlands Ranch Middle: Cresthill

Elementary: Arrowwood

Construction Materials: Frame

Cooling: Central Air

Current Use: Live/Work

Direction Faces: East Exterior Features: Spa/Hot Tub, Water Feature

Fencing: Full

Flooring: Carpet, Laminate, Tile, Wood

Heating: Forced Air

Interior Features: Five Piece Bath Levels: Two

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1937

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

Main Level Bathrooms: 2

Patrick Riske

Parking Features: Concrete, Dry Walled, Floor Coating, Insulated, Lighted Parking Total: 2

Patio And Porch: Deck, Front Porch

Pets Allowed: Yes

Remarks

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road Road Surface Type: Paved

Roof: Composition

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: LOT 104 HIGHLANDS RANCH #122C .179 AM/L

Tax Year: 2021

Virtual Tour: View Water Source: Public Window Features: Window Coverings

Zoning: PDU

Nicely updated Highlands Ranch Southridge home! Come see this beautifully maintained 2 -story home that is perfectly nestled in a cul-da-sac. Formal dining room, Living Room, Open Kitchen to Family Room and Spacious Office on main level. Special features include: Extensive wood floors with custom inlays and Contemporary Stained Glass Privacy Window accents. Upstairs, enjoy the primary bedroom with a 5 piece bath along with two more bedrooms and a full bathroom upstairs. Enjoy the spacious deck with Hot Tub and listen to the peaceful waterfall from the amazing water feature. This 3 bedroom, 3 bathroom home is fabulous, and move in ready. New Roof shingles with power roof ventilation, Upgraded Light Fixtures (majority of LED lighting), Fireplace Power Ventilation (heat-activated), White Maple Entertainment Cabinet with Stained Glass, Plantation Shutters in Guest Bedroom with indirect lighting, Crown Moulding, chair rail, and two-tone paint, Crown Moulding in Half Bath with pickled copper faucet, Extra-deep double granite sink in Kitchen. New interior paint and carpet and many updated windows. Beautifully upgraded Front door and updated garage door. Open space and mountain views behind this home. Full basement ready for your custom expansion ideas. Located close to Highlands Ranch Town Center for shoping, restaurants and entertaining. The Ultimate Man Cave Garage loaded with features, lifts for storage, custom cabinets and closets, built in powerful shop vacume and gas heater and air conditioner!

Patrick Riske

Patrick Riske

$650,000

PENDING 9/25/22

Details

Prop Type: Single Family Residence

County: Douglas Subdivision: Highlands Ranch

Style: Traditional Full baths: 1.0

Features

Appliances: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Humidifier, Microwave, Refrigerator, Self Cleaning Oven, Sump Pump, Washer, Wine Cooler

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

Association Fee Frequency: Quarterly

3/4 Baths: 2.0

Half baths: 1.0

Lot Size (sqft): 3,920

Garages: 2

List date: 8/4/22

Pending date: 9/25/22

3 Beds 4.00 Baths

2,227 Sq. Ft. ($292

Year Built 2000 Days on market: 52

Off-market date: 9/25/22

Updated: Sep 25, 2022 12:57 PM

List Price: $650,000

Orig list price: $695,000

Assoc Fee: $155

Taxes: $2,865

School District: Douglas RE-1

High: Highlands Ranch Middle: Cresthill

Elementary: Arrowwood

Association Name: HRCA

Association Phone: 303-471-8815

Association Yn: true

Basement: Finished, Partial Below Grade Unfinished Area: 70.0

Builder Name: Richmond American Homes

Building Area Source: Public Records

Construction Materials: Brick, Frame, Wood Siding

Cooling: Central Air

Direction Faces: West Distance To Bus Numeric: 2

Distance To Bus Units: Blocks

Electric: 110V

Exterior Features: Garden, Lighting, Private Yard

Fencing: Full

Flooring: Carpet, Tile, Wood Foundation Details: Slab

Heating: Forced Air, Natural Gas

Horse Yn: false

Patrick Riske

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Pantry, Primary Suite, Quartz Counters, Smart Thermostat, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar

Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional, FHA, Jumbo, VA Loan

Living Area Total: 2227

Remarks

Lot Features: Cul-De-Sac, Landscaped, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1

Parking Features: Concrete, Dry Walled, Exterior Access Door, Finished, Floor Coating Parking Total: 2

Patio And Porch: Deck, Front Porch

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved Roof: Composition

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

Senior Community Yn: false Sewer: Public Sewer Structure Type: House

Tax Legal Description: LOT 480 HIGHLANDS RANCH # 122G 0.098 AM/L

Tax Year: 2021

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings, Window Treatments

Zoning: PDU

Warm and inviting home with thousands of dollars worth of upgrades and inclusions throughout! No detail overlooked. Step inside this immaculate home and you'll find a 2-story living room awash in natural light with newer light fixtures and neutral paint colors. Kitchen features 42" upper kitchen cabinets w/crown molding and pull-out storage, newer Bosch dishwasher, granite countertops and custom tiled backsplash, kitchen island & eating space. The family room area boasts two-toned paint and ceiling fan. The main level further is accented by stunning knotty pine engineered hardwood floors, exquisite plantation shutters throughout and updated newer contemporary lighting. Upstairs you'll be amazed by the master suite with an added bonus room/office along with an exquisitely remodeled ensuite bath featuring soft-close cabinetry, double-sinks and medicine cabinets, oversized walk-in shower with custom tiled walls and bench, shower pan and contemporary Euro door. The primary suite's bonus room can be used as an ideal office space with built-in credenzastyled cabinetry. Don't forget to check out the walk-in closet with its custom Container Store closet system. Completing the second level are two secondary bedrooms that share a full updated bathroom, all featuring plantation shutters, newer carpet and neutral paint. Not to be overlooked is the newly finished basement, with built-in TV, wet bar, with a bar fridge & wine cooler, along with another fantastic 3/4 bathroom. Head outside to enjoy a well-manicured lawn and large Trex deck, solar landscaping lights on the deck's wrought iron railing, and updated sprinkler system. The garage has gorgeous epoxy floors and extensive cabinetry and workshop space. The roof (done in 2016) has a transferable 25-year warranty and features a class 4 shingle! The Nest Thermostat, Ring Doorbell, TV's and the W&D are all included. Just steps from popular Southridge Rec Center, Paintbrush Park & open space! Move-in Ready. Immediate Possession.

Patrick Riske

Patrick Riske

Comparable Property Statistics

A 6 Active Listings

LOWEST $580,000

P 3 Pending Listings

AVERAGE $627,316 HIGH $657,000

AVG PRICE / SQFT $315

DOM

LOWEST $596,500

AVERAGE $630,500 HIGH $650,000

AVG PRICE / SQFT $318

AVG DOM 29

Patrick Riske

Summary of Comparable Properties

A ACTIVE LISTINGS

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

4192 Brookwood Court 4 3.00 1,639 $580,000 $354 10069 Kingston Court 3 3.00 1,511 $595,000 $394 4849 Kingston Avenue 3 4.00 2,155 $637,000 $296 4697 Waldenwood Drive 3 3.00 1,716 $644,900 $376 10302 Rotherwood Circle 4 4.00 2,770 $650,000 $235 4584 Brookwood Drive 4 4.00 2,787 $657,000 $236

Averages 2,096 $627,316 $315

P PENDING LISTINGS

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

4946 Kingston Avenue 3 3.00 1,805 $596,500 $330 10358 Kelliwood Way 3 3.00 1,937 $645,000 $333 10452 Ketchwood Court 3 4.00 2,227 $650,000 $292

Averages 1,989 $630,500 $318

Patrick Riske

INTELLIGENT

PRICING & TIMING

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

☐ Fair market value attracts buyers, overpricing never does.

☐ The first two weeks of marketing are crucial.

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

ASKING PRICE

+15%

+10%

Market Value

PERCENTAGE OF BUYERS

-10% -15% 10% 30% 60% 75% 90%

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.

Keller Williams Integrity

ACTIVITY

1 2 3 4

TIME ON MARKET (IN WEEKS)

Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks.

If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage.

The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.

at Keller Williams Integrity

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