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MarComparativeketAnalysis 2515 Larimer Street, Denver, Colorado 80205 Bartic Party AUGUST 17, 2022 Kyle Gephart
Online Valuation Analysis How accurate are Zestimates? 1.7% $15,500 Zestimates varied up to 1.7% or $15,500 compared to actual MLS prices. A ADDRESS PRICE ZESTIMATE DIFFERENCE 2531 Lawrence Street $889,000 $885,513 0 4% S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 2335 Walnut Street 8 6/3/22 $790,000 $803,800 1.7% 2345 Walnut Street 21 6/22/22 $800,000 $810,900 1.4% 2541 Lawrence Street 6/8/22 $905,000 $920,500 1.7% Source: Zillow 1 3ActiveSold Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 3
2515 Larimer St, Denver, CO 80205-2124, Denver County APN: 2277-07-074 CLIP: 4781838909 MLS Beds 2 MLS Full Baths 2 Half Baths 1 Sale Price $469,000 Sale Date 05/24/2013 MLS Sq Ft 1,674 Lot Sq Ft 821 Yr Built 2008 Type TH/RH OWNER INFORMATION Owner Name Bartic Brendan J Mailing Zip 80205 Owner Name 2 Bartic Kathryn Mailing ZIP 4 2124 Mailing Address 2515 Larimer St Mailing Carrier Route C004 Mailing City & State Denver, CO Owner Occupied Yes LOCATION INFORMATION Property Zip 80205 Topography Flat/Level Property Zip4 2124 Neighborhood Code Curtis Park 0265 Property Carrier Route C004 Neighborhood Name (OnBoard) Curtis Park School District Denver County 1 Traffic Graded Elementary School Whittier Township 03S Middle School Dsst Cole Range 68W High School East Section 27 Subdivision Platte Add Block 56 Zoning R MU 30 Lot 20 Census Tract 16 03 TAX INFORMATION PIN 2277 07 074 % Improved 89% Schedule Number 0227707074000 Tax District DENV Legal Description PLATTE ADD B56 PT L20 & 21 CO M MST SLY COR L17 N44.3546E 9 3 58FT TO POB TH N45 2456W 39 89FT N44 3504E 20 58FT S45 2456 E 39 9FT S44 3546W 20 58FT TO P OB ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $73,900 $73,900 $73,900 Market Value Improved $582,600 $582,600 $542,400 Market Value Total $656,500 $656,500 $616,300 Assessed Value Land $5,280 $5,280 $5,280 Assessed Value Improved $41,660 $38,780 $38,780 Assessed Value Total $46,940 $44,060 $44,060 YOY Assessed Change (%) 6.54% 0% YOY Assessed Change ($) $2,880 $0 Tax Year Total Tax Change ($) Change (%) 2019 $3,177 2020 $3,269 $92 2 88% 2021 $3,503 $234 7.14% CHARACTERISTICS Lot Acres 0.0188 Baths Total 3 Lot Sq Ft 821 MLS Total Baths 3 Land Use County Row House Misc Baths Full 2 Land Use CoreLogic Townhouse/Rowhouse Baths Half 1 Style Row House Stories 3 Year Built 2008 Fireplace Y Bldg Sq Ft Above Ground 1,674 Heat Type Warm Air Bldg Sq Ft Total 1,674 Patio Type Wood Deck Bldg Sq Ft Finished 1,674 Garage Type Attached Garage Bldg Sq Ft 1st Floor 260 Garage Capacity MLS: 2 Bldg Sq Ft 2nd Floor 659 Garage Sq Ft 441 # Buildings 1 Exterior Frame/Masonry Total Rooms 6 Quality Good Property Details Courtesy of Kyle Gephart, REcolorado Generated on:08/17/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 1/3
Bedrooms 2 FEATURES Feature Type Size/Qty Att Garage Frm 441 Wd Deck 109 Wd Deck 26 SELL SCORE Rating Low Value As Of 2022 08 14 05:02:41 Sell Score 486 LISTING INFORMATION MLS Listing Id 1921176 MLS Original List Price $3,650 MLS Days On Market 32 MLS Listing Contract Date 12/11/2020 MLS Source REcolorado MLS List Office Name KELLER WILLIAMS INTEGRITY RE AL ESTATE LLC MLS Status Leased MLS List Agent Full Name 30458t The Bartic Group MLS Status Change Date 01/12/2021 MLS Buyer Agent Full Name 30458t The Bartic Group MLS Current Price $3,350 MLS Buyer Office Name KELLER WILLIAMS INTEGRITY RE AL ESTATE LLC MLS Listing # 1177519 1091018 MLS Source History REcolorado REcolorado MLS Status Closed Expired MLS Listing Price $464,900 $449,900 MLS Orig Listing Price $464,900 $449,900 MLS Listing Close Price $469,000 MLS Listing Date 04/17/2013 05/08/2012 MLS Close Date 05/24/2013 MLS Listing Expiration Date 11/30/2012 LAST MARKET SALE & SALES HISTORY Sale Date 05/24/2013 Deed Type Special Warranty Deed Sale Price $469,000 Owner Name Bartic Brendan J Price per SqFt Finished $280.17 Owner Name 2 Bartic Kathryn Document Number 75940 Seller Chroma Lcc Sale Date 11/24/2020 05/24/2013 Sale Price $469,000 Nominal Y Buyer Bartic Brendan J & Kathryn Bartic Brendan J Chroma LLC Buyer Bartic Kathryn Seller Bartic Brendan J Chroma Lcc Owner Record Document Number 198257 75940 106612 Document Type Quit Claim Deed Special Warranty Deed Special Warranty Deed Title Company Land Title Guarantee Multi/Split Sale Type Multi MORTGAGE HISTORY Mortgage Date 11/30/2020 05/28/2013 Mortgage Amount $359,000 $416,998 Mortgage Lender Wells Fargo Bk Na Catalyst Lndg Inc Borrower Bartic Brendan J Bartic Brendan J Borrower Bartic Kathryn Mortgage Type Conventional Va Mortgage Purpose Nominal Resale Mortgage Term 15 30 Mortgage Term Years Years Property Details Courtesy of Kyle Gephart, REcolorado Generated on:08/17/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 2/3
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Kyle Gephart, REcolorado Generated on:08/17/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 3/3
Map of Comparable Listings STATUS: A = ACTIVE S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 2515 Larimer St 2 2.00 1,674 2 3683353 A 2531 Lawrence Street 3 4 00 2,241 $889,000 3 4383303 S 2335 Walnut Street 8 2 3.00 1,577 $790,000 4 8223110 S 2345 Walnut Street 21 2 3.00 1,577 $800,000 5 6977348 S 2541 Lawrence Street 3 4 00 1,764 $905,000 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 5
2531 Lawrence Street Denver, CO 80205 MLS #3683353 $889,000 3 Beds 4.00 Baths 2,241 Sq. Ft. ($397 / sqft) ACTIVE 7/21/22 Year Built 2008 Days on market: 27 Details Prop Type: Townhouse County: Denver Subdivision: RiNo Style: Urban Contemporary Full baths: 1.0 3/4 Baths: 2 0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 7/21/22 Updated: Aug 17, 2022 5:52 AM List Price: $889,000 Orig list price: $899,000 Assoc Fee: $499 Taxes: $3,877 School District: Denver 1 High: East Middle: Whittier E-8 Elementary: Whittier E-8 Features Appliances: Dishwasher, Disposal, Range, Refrigerator Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Security, Sewer, Snow Removal, Trash, Water Association Name: ACM HOA Association Phone: 303-233-4646 Association Yn: true Basement: Exterior Entry, Finished, Interior Entry/ Standard, Partial, Walk Out Access Building Area Source: Appraiser Common Walls: No One Above, No One Below Construction Materials: Block, Brick, Frame Cooling: Central Air Direction Faces: East Distance To Bus Numeric: 1 Distance To Bus Units: Blocks Entry Location: Ground Exterior Features: Balcony Flooring: Carpet, Tile, Wood Heating: Forced Air Interior Features: Eat-in Kitchen, Five Piece Bath, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Listing Terms: Cash, Conventional, Other Living Area Total: 2241 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 6
Lot Features: Historical District, Near Public Transit, Sprinklers In Front Main Level Bathrooms: 1 Parking Features: Concrete, Storage Parking Total: 2 Patio And Porch: Patio Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Other Security Features: Secured Garage/Parking, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: TRELLIS TOWNHOMES U-105 AKA CURTIS & CLARKES ADD B59 PT L26 BEG 21.75'WIT-COR L23 NE 83.88FT TPOB N45.0608W 50FT N44.5352E 18 17FT S45.0608E 50 FT S44.5352W 18.17FT TPOB Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available View: City, Mountain(s) Virtual Tour: View Water Source: Public Window Features: Double Pane Windows Zoning: G-MU-3 Remarks Seller to pay 1-year of HOA fees!! Sheer luminosity inspires elevated design in this architecturally unique townhouse poised in the heart of RiNo. Residents are welcomed into a gracefully flowing layout flanked by newly refinished hardwood floors, new carpeting and fresh white wall color. Eyes are drawn upwards to lofty ceilings in a spacious living area as natural light streams in through vast windows. Youll find 10 15 foot ceilings throughout. A stylish kitchen is impressive w/ sleek cabinetry, a center island and bright dining area. Sliding glass doors open to an outdoor deck promoting seamless indoor-outdoor entertaining. A stairwell w/ a 25-foot-tall open-air skylight ascends to an upper level where a sizable bedroom awaits w/ outdoor access. Retreat to a separate floor to find a primary suite boasting outdoor access and a spa-like bath w/ double vanities and a large bathtub. Downstairs, a third bedroom w/ outdoor access offers the perfect space for a home office or fitness area. Retreat to the rooftop deck for quiet evenings while watching the sunset over the mountains. A two-car attached garage presents plentiful storage for the home hobbyist. You won't find another property that has an entirely separate floor, private outdoor space, room specific thermostat + full attached bathrooms for each of the 3 bedrooms! Walk out your front door and Located on the same block is Uchi, Altius Farms, Third Space Yoga, Metropolis Coffee + Los chingones, Denver Central Market + all your favorite RiNo hot-spots are just a block away! Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 7
2531 Lawrence Street Denver, CO 80205 MLS #3683353 $889,000 3 Beds 4.00 Baths 2,241 Sq. Ft. ($397 / sqft) ACTIVE 7/21/22 Year Built 2008 Days on market: 27 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 8
2335 Walnut Street 8 Denver, CO 80205 MLS #4383303 $790,000 2 Beds 3.00 Baths 1,577 Sq. Ft. ($501 / sqft) CLOSED 6/3/22 Year Built 2006 Days on market: 6 Details Prop Type: Condominium County: Denver Subdivision: Five Points Style: Contemporary Full baths: 1.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 36,620 Garages: 2 List date: 4/20/22 Sold date: 6/3/22 Off-market date: 5/7/22 Updated: Jun 3, 2022 7:02 AM List Price: $775,000 Orig list price: $775,000 Assoc Fee: $280 Taxes: $3,408 School District: Denver 1 High: East Middle: Wyatt Elementary: Gilpin Features Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Self Cleaning Oven Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: HOA Simple LLC Association Phone: 303-260 7177 Association Yn: true Building Area Source: Public Records Building Name: 24 Walnut Condos Common Walls: 2+ Common Walls Concessions: No Construction Materials: Brick, Frame, Stucco Cooling: Central Air Direction Faces: Southeast Entry Level: 1 Entry Location: Ground Exterior Features: Balcony, Gas Valve Fencing: None Fireplace Features: Family Room, Gas Log Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Foundation Details: Slab Furnished: Unfurnished Heating: Forced Air Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 9
Interior Features: Ceiling Fan(s), Entrance Foyer, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Smoke Free, Solid Surface Counters, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo Living Area Total: 1577 Lot Features: Near Public Transit Main Level Bathrooms: 1 Parking Features: Concrete Parking Total: 2 Patio And Porch: Rooftop Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Rolled/Hot Mop Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Video Doorbell Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: 24 WALNUT CONDOS U-8 Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected View: City, Mountain(s) Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Skylight(s), Window Coverings, Window Treatments Zoning: R-MU-30 Remarks BUYER TERMINATED BECAUSE OF LOAN PROBLEMS - NO INSPECTION ISSUES!! This is your chance to live in a beautiful townhome with everything the downtown lifestyle has to offer in LoDo, RiNo and Ballpark District plus easy highway access. You won't be disappointed in this light and bright, open-concept living including an over-sized, private 2 car tandem garage with plenty of storage. And the private rooftop deck offers year-round sunrise, sunset, mountain and city views, Coors Field fireworks and hours of outdoor entertainment complete with a gas line ready for a grill and power for a hot tub (one of the few rooftop decks rated for a hot-tub). The walnut wood floors have just been refinished, everything is freshly painted, new upgraded carpet and pad as well as a new AC unit installed May of 2020. The main floor gives many entertainment options with its open-concept from the spacious great room, beautifully appointed kitchen including Berloni cabinets, Caesarstone counters, SS appliances, great storage and a balcony for your morning coffee. The master suite is large enough for a king-sized bed, 2 closets, 1 with custom built-ins and convenient location for the washer/dryer. Secondary bedroom with en-suite offers a balcony and access to the rooftop deck. This house is ready for you to move-in and kick-off the summer in style with immediate possession at closing! Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205
Kyle Gephart Cell: 720-520 4448
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2335 Walnut Street 8 Denver, CO 80205 MLS #4383303 $790,000 2 Beds 3.00 Baths 1,577 Sq. Ft. ($501 / sqft) CLOSED 6/3/22 Year Built 2006 Days on market: 6 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 11
2345 Walnut Street 21 Denver, CO 80205 MLS #8223110 $800,000 2 Beds 3.00 Baths 1,577 Sq. Ft. ($507 / sqft) CLOSED 6/22/22 Year Built 2006 Days on market: 15 Details Prop Type: Condominium County: Denver Subdivision: East Denver Boyds Style: Urban Contemporary Full baths: 1.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): Garages: 2 List date: 5/10/22 Sold date: 6/22/22 Off-market date: 5/25/22 Updated: Jun 22, 2022 3:13 PM List Price: $799,999 Orig list price: $799,999 Assoc Fee: $280 Taxes: $3,408 School District: Denver 1 High: East Middle: Whittier E-8 Elementary: Whittier E-8 Features Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Range, Range Hood, Smart Appliances, Washer Association Fee Frequency: Monthly Association Fee Includes: Capital Reserves, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water Association Name: Hoa Simple, LLC Association Phone: 3032607177 Association Yn: true Common Walls: 2+ Common Walls Concessions: No Construction Materials: Brick, Frame, Metal Siding, Wood Siding Cooling: Central Air Entry Location: Courtyard Exterior Features: Balcony, Barbecue, Fire Pit, Private Yard, Spa/Hot Tub Fireplace Features: Living Room Fireplaces Total: 1 Flooring: Tile, Wood Foundation Details: Structural Heating: Forced Air Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 12
STOP AND LOOK and look at these rooftop views! It is very rare to get privacy in lower downtown but this townhome at 2345 Walnut Unit 21 offers a private urban oasis with being just steps to Coors Field and LoDo The townhome is located on the interior courtyard of the development so the noise of the street is insulated. Step in past the blooming trees and courtyard into 1,500 plus square feet of prime downtown living. The whole property has a brand new floor. Up the stairs you will find a very large open living room and kitchen. The unit has high end gas appliances and a large fireplace. On the westside you will find a nice office nook, powder bathroom, and a balcony. Proceed up the floating staircase to the upper floor. Walk into you large primary suite and you expansive windows let in an abundance natural light. In the primary suite you will find a large walk thru closet and an oversized luxury bathroom. Walk to the other end to find the second bedroom with a full bathroom. Proceed to the outdoor staircase to the private rooftop. This oversized rooftop is complete with a Hot-Tub and expansive unobstructed views of the Mile High City and Rocky Mountains. Come see this very rare courtyard insulated townhouse and enjoy LoDo living at its finest! The property also has an oversized tandem 2 car garage. Gephart 720-520
Interior Features: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, In-Law Floor Plan, Open Floorplan, Primary Suite, Quartz Counters, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo, Other, VA Loan Living Area Total: 1577 Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Deck, Patio, Rooftop Property Condition: Updated/Remodeled Roof: Membrane Security Features: Carbon Monoxide Detector(s), Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: 24 WALNUT CONDOS U-21 Tax Year: 2021 Utilities: Cable Available, Electricity Available, Natural Gas Available Virtual Tour: View Water Source: Public Window Features: Double Pane Windows Zoning: R-MU-30 Remarks
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Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle
2345 Walnut Street 21 Denver, CO 80205 MLS #8223110 $800,000 2 Beds 3.00 Baths 1,577 Sq. Ft. ($507 / sqft) CLOSED 6/22/22 Year Built 2006 Days on market: 15 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 14
2541 Lawrence Street Denver, CO 80205 MLS #6977348 $905,000 3 Beds 4.00 Baths 1,764 Sq. Ft. ($513 / sqft) CLOSED 6/8/22 Year Built 2008 Days on market: 1 Details Prop Type: Townhouse County: Denver Subdivision: RiNo Style: Urban Contemporary Full baths: 1.0 3/4 Baths: 2 0 Half baths: 1.0 Lot Size (sqft): 870 Garages: 2 List date: 5/11/22 Sold date: 6/8/22 Off-market date: 5/12/22 Updated: Jun 9, 2022 5:48 AM List Price: $895,000 Orig list price: $895,000 Assoc Fee: $469 Taxes: $3,684 School District: Denver 1 High: East Middle: McAuliffe International Elementary: Whittier E-8 Features Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash Association Name: ACM HOA Association Phone: 303-233-4646 Association Yn: true Basement: Finished, Partial Building Area Source: Public Records Common Walls: End Unit Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 10000 Construction Materials: Block, Brick Cooling: Central Air Entry Level: 1 Entry Location: Ground Exterior Features: Balcony Flooring: Carpet, Tile, Wood Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, High Ceilings, High Speed Internet, Open Floorplan, Quartz Counters, Smoke Free, Walk-In Closet(s) Laundry Features: In Unit Levels: Three Or More Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 15
Listing Terms: Cash, Conventional, Other Living Area Total: 1764 Main Level Bathrooms: 1 Parking Total: 2 Patio And Porch: Deck, Patio, Rooftop Property Condition: Updated/Remodeled Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Other Security Features: Security Entrance, Security System, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Townhouse Tax Legal Description: TRELLIS TOWNHOMES U-110 AKA CURTIS & CLARKES ADD B59 PT L26 BEG 21.75' WIT-COR L23 NW 125.2F TPOB N45.0608W 48 33 N44.5352E 18 00FT S45.0608E 48.33F S44.5352W 18.00FT TPOB Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected View: City, Mountain(s) Water Source: Public Window Features: Double Pane Windows, Skylight(s), Window Coverings Zoning: G-MU-3 Remarks Stunning mountain and city views unfold from this townhouse, perfectly positioned in the heart of RiNo. Situated at the end of the building, privacy is unparalleled w/ outdoor connectivity on every floor plus an impressive rooftop deck. Modern design elements flow throughout the home matched by sleek new updates including fresh paint, refinished flooring and new carpeting. Vast floor-to-ceiling windows invite natural light to flood the space in brightness drawing attention to a spacious living area. Crafting new recipes is a delight in a modern kitchen boasting new countertops and tile. A new contemporary light fixture one of many found throughout highlights a dining area as sliding glass doors open to a balcony w/ space for dining al fresco. Retreat to a sumptuous primary suite featuring a spa-like bath w/ double vanities. A finished lower level w/ a new bath offers versatile flex space while the luxe third level is flanked by glass flooring. An attached 2 car garage is an added convenience. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 16
2541 Lawrence Street Denver, CO 80205 MLS #6977348 $905,000 3 Beds 4.00 Baths 1,764 Sq. Ft. ($513 / sqft) CLOSED 6/8/22 Year Built 2008 Days on market: 1 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 17
Comparable Property Statistics A 1 Active Listings S 3 Sold Listings LOWEST $889,000 AVERAGE $889,000 HIGH $889,000 AVG PRICE / SQFT $397 AVG DOM 27 LOWEST $790,000 AVERAGE $831,666 HIGH $905,000 AVG PRICE / SQFT $507 AVG DOM 7 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 18
Sold Property Analysis Averages 101.0% Homes sold for an average of 101.0% of their list price. 7 Days on market It took an average of 7 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 2335 Walnut Street 8 $775,000 $790,000 101.94% 6 $501 2345 Walnut Street 21 $799,999 $800,000 100 00% 15 $507 2541 Lawrence Street $895,000 $905,000 101.12% 1 $513 Averages $823,333 $831,666 101.01% 7 $507 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 19
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2531 Lawrence Street 3 4.00 2,241 $889,000 $397 Averages 2,241 $889,000 $397 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 2335 Walnut Street 8 6/3/22 2 3.00 1,577 $790,000 $501 2345 Walnut Street 21 6/22/22 2 3.00 1,577 $800,000 $507 2541 Lawrence Street 6/8/22 3 4.00 1,764 $905,000 $513 Averages 1,639 $831,666 $507 Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 20
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.
☐ Fair market value attracts buyers, overpricing never does.
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.
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.
at Keller Williams Integrity
☐ The first two weeks of marketing are crucial.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
PRICINGINTELLIGENT&TIMING
☐ The market never lies, but it can change its mind.
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.
TIME
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. ON MARKET (IN WEEKS) 2
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.
3 4 5 6
ACTIVITY 1
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.
The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.
at Keller Williams Integrity
Marketing Action Plan Below are a few of the services we can provide as part of the marketing of your home. Before we can get started, the first important step is to: Sign and complete the Listing Agreement First Week Enter listing into the MLS system. Put up "For Sale" yard sign. Install lock box. (optional) Schedule time to shoot property photos. Review showing procedure. Prepare property flyer Syndicate listing to real estate websites. Second Week Invite brokers and agents to tour home. Begin agent to agent marketing efforts. Review and update status. Third Week Hold Open House. Ongoing activities Show property to potential buyers. Follow-up on Internet leads. Monitor market conditions. Monitor comparable properties for sale. Monitor foreclosures and short sales in market. Comparative Market Analysis 2515 Larimer Street, Denver, Colorado 80205 Kyle Gephart Cell: 720-520 4448 22
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