at Keller Williams Integrity
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Eric Gonzalez and Sandra Hernandez AUGUST 4, 2022
Kyle Gephart
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Online Valuation Analysis How accurate are Zestimates?
24.7%
$87,700
Zestimates varied up to 24.7% or $87,700 compared to actual MLS prices.
A
1 Active
ADDRESS
PRICE
ZESTIMATE
DIFFERENCE
$355,000
$267,300
-24.7%
SOLD DATE
SOLD PRICE
ZESTIMATE
DIFFERENCE
225 E 8th Avenue D 11
7/26/22
$230,000
-
-
225 E 8th Avenue E 9
6/10/22
$230,000
-
-
225 E 8th Avenue F8
7/21/22
$235,000
-
-
225 E 8th Avenue D 6
4/18/22
$240,000
-
-
225 E 8th Avenue E 12
S
4 Sold
ADDRESS
Source: Zillow
Kyle Gephart Cell: 720-520-4448
3
815 Meeker St #C, Longmont, CO 80504-4600, Boulder County APN: R0104246
Expired Listing
CLIP: 2334038648
MLS Beds 3
Full Baths 1
Half Baths 1
Sale Price $310,000
MLS Sq Ft 1,050
Lot Sq Ft N/A
Yr Built 1985
Type CONDO
Sale Date 10/19/2021
OWNER INFORMATION
Owner Name
Gonzalez Eric Norberto
Mailing Zip
80504
Owner Name 2
Hernandez Sandra Saideth Herre
Mailing ZIP 4
4600
Mailing Address
815 Meeker St #c
Mailing Carrier Route
C086
Mailing City & State
Longmont, CO
Owner Occupied
Yes
Property Zip
80504
Subdivision
Weberland Condos 4
Property Zip4
4600
Census Tract
134.02
Property Carrier Route
C086
Neighborhood Code
256-256
School District
St Vrain Valley Re 1j
Township
02N
Elementary School
Columbine
Range
69
Middle School
Trail Ridge
Section
02
High School
Skyline
LOCATION INFORMATION
TAX INFORMATION
PIN
R0104246
% Improved
100%
Alternate PIN
1315022-40-003
Tax District
0680
Schedule Number
R0104246
Legal Description
UNIT 815 C & UND 5.882 INT GCE WEBERLAND CONDOS 4
ASSESSMENT & TAX
Assessment Year
2022 - Preliminary
2021
2020
2019
Market Value - Improved
$206,500
$206,500
$203,400
$203,400
Market Value - Total
$206,500
$206,500
$203,400
$203,400
Assessed Value - Improved
$14,352
$14,765
$14,543
$14,543
Assessed Value - Total
$14,352
$14,765
$14,543
$14,543
YOY Assessed Change (%)
-2.8%
1.53%
0%
YOY Assessed Change ($)
-$413
$222
$0
Tax Year
Total Tax
2019
$707
Change ($)
Change (%)
2020 2021
$718
$11
1.6%
$742
$24
3.31%
CHARACTERISTICS
Land Use - County
Condominium
MLS Total Baths
2
Land Use - CoreLogic
Condominium
Baths - Full
1
Building Type
Condo Apartment
Baths - Half
1
Style
Condominium
Stories
MLS: 2
Year Built
1985
Heat Type
Forced Air
Bldg Sq Ft - Above Ground
1,050
Patio Type
Patio
Bldg Sq Ft - Finished
1,050
Garage Type
Attached Garage
Bldg Sq Ft - 1st Floor
498
Garage Capacity
MLS: 1
# Buildings
1
Garage Sq Ft
240
Total Rooms
4
Construction
Masonry
Bedrooms
Tax: 2 MLS: 3
Exterior
Brick Veneer
Baths - Total
2
Quality
Average
FEATURES
Building Description
Building Size
Ppa
120
Property Details
Courtesy of Kyle Gephart, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 08/04/22 Page 1/3
SELL SCORE
Rating
Moderate
Sell Score
538
Value As Of
2022-07-31 05:10:21
LISTING INFORMATION
MLS Listing Id
IR963807
MLS Current Price
$400,000
MLS Days On Market
121
MLS Original List Price
$400,000
MLS Source
IRES
MLS Listing Contract Date
04/25/2022
MLS Status
Expired
MLS List Office Name
SELLSTATE PEAK REALTY
MLS Status Change Date
06/30/2022
MLS List Agent Full Name
Ira03520-Sarah Morrow
MLS Listing #
9001236
MLS Source History
REcolorado
MLS Status
Closed
MLS Listing Price
$277,900
MLS Orig Listing Price
$277,900
MLS Listing Close Price
$310,000
MLS Listing Date
09/14/2021
MLS Close Date
10/19/2021
LAST MARKET SALE & SALES HISTORY
Sale Date
10/19/2021
Deed Type
Warranty Deed
Sale Price
$310,000
Owner Name
Gonzalez Eric Norberto
Price per SqFt - Finished
$295.24
Owner Name 2
Hernandez Sandra Saideth Herre
Document Number
3922626
Seller
Mitchell Ann
Sale Date
10/19/2021
Sale Price
$310,000
$65,800
Buyer
Gonzalez Eric N
Mitchell Ann J
St Family Partners Ltd
Buyer
Hernandez Sandra S H
Seller
Mitchell Ann
St Family Partners Ltd
Stutztanenbaum Patricia
Document Number
3922626
1317813
1232062
Document Type
Warranty Deed
Warranty Deed
Quit Claim Deed
Title Company
Land Title Guarantee
MORTGAGE HISTORY
Mortgage Date
10/21/2021
06/22/2021
08/29/2018
03/23/2006
Mortgage Amount
$294,500
$114,875
$100,000
$65,000
Mortgage Lender
Elevations Cu
Jpmorgan Chase Bk Na
Bbmc Mtg
Town & Cntry Credit Corp
Borrower
Gonzalez Eric N
Mitchell Ann J
Mitchell Ann J
Mitchell Ann J
Borrower
Hernandez Sandra S H
Mortgage Type
Conventional
Conventional
Conventional
Conventional
Mortgage Purpose
Resale
Refi
Refi
Refi
Mortgage Int Rate
8.85
Mortgage Int Rate Type
Adjustable Int Rate Loan
Mortgage Term
30
30
30
30
Mortgage Term
Years
Years
Years
Years
Other
Northwest Title & Escrow Co rp
Title Company
Property Details
Courtesy of Kyle Gephart, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 08/04/22 Page 2/3
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Kyle Gephart, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 08/04/22 Page 3/3
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
BEDS
BATHS
815 Meeker St # c
3
A = ACTIVE
S = CLOSED
SQFT
PRICE
2.00
1,050
-
1
Subject
2
IR971520
A
225 E 8th Avenue E 12
3
2.00
1,414
$355,000
3
IR969495
S
225 E 8th Avenue D 11
2
1.00
784
$230,000
4
IR964445
S
225 E 8th Avenue E 9
2
1.00
784
$230,000
5
4849171
S
225 E 8th Avenue F8
2
1.00
784
$235,000
6
IR960804
S
225 E 8th Avenue D 6
2
1.00
784
$240,000
Kyle Gephart Cell: 720-520-4448
5
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
225 E 8th Avenue E 12 $355,000 ACTIVE
Longmont, CO 80504
3 Beds 2.00 Baths Year Built 1982
7/21/22
MLS #IR971520 1,414 Sq. Ft. ($251 / sqft) Days on market: 13
Details Prop Type: Condominium
Full baths: 2.0
List Price: $355,000
Lot Size (sqft):
Orig list price: $355,000
School District: St. Vrain Valley RE-1J
County: Boulder
List date: 7/21/22
Assoc Fee: $367
High: Skyline
Subdivision: Sunnyvale
Updated: Aug 2, 2022 3:31 AM
Taxes: $1,307
Middle: Trail Ridge
Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Association Phone: 303-772-5934
Flooring: Wood
Main Level Bedrooms: 2
Heating: Forced Air
Association Yn: true
Association Amenities: Pool
Basement: None
Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Pets Allowed: Cats OK, Dogs OK
Style: Contemporary
Elementary: Columbine
Features
Association Fee Frequency: Monthly Association Fee Includes: Capital Reserves, Insurance, Maintenance Structure, Snow Removal, Water Association Name: Pml 303-772-5934
Building Area Source: Assessor Construction Materials: Wood Frame Cooling: Air Conditioning-Room
Laundry Features: In Unit Levels: Bi-Level
Road Frontage Type: Easement Road Surface Type: Paved Roof: Composition Sewer: Public Sewer
Exterior Features: Balcony
Listing Terms: Cash, Conventional
Fireplace Features: Free Standing
Living Area Total: 1414
Tax Legal Description: UNIT E12 BLDG 2 & UND .01458 INT GCE SUNNYVALE CONDOS 1
Main Level Bathrooms: 1
Tax Year: 2021
Kyle Gephart Cell: 720-520-4448
6
Comparative Market Analysis
Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
815 Meeker Street #c, Longmont, Colorado 80504
Vegetation: Wooded Water Source: Public
Window Features: Storm Window(s), Window Coverings
Zoning: RES
Remarks A SOUGHT AFTER GEM in the heart of Longmont. You will not find more value for your money anywhere with this 3 bedroom 2 full baths Townhome in Sunnyvale. The kitchen and living room are an open plan with vaulted ceilings. There are 2 main floor bedrooms for convenient living or office areas. The Master has an ensuite bathroom in a spacious open loft with enough space for a full office. The Master also has a walk in closet and extra storage room off the closet. The large mature trees off the patio make a lovely place to enjoy sitting outside. This is a prime location 2 blocks from Main street, just south from Centennial park , and just east of Kensington Park. Close to all your shopping needs. Recently REMODELED! Kitchen cabinets with granite tile countertops, black appliances included (refrigerator, microwave, smooth electric range). Wood floors throughout, stacked modern washer/dryer, tile entry and tile floors in bathroom. Ready to move in NOW!
Kyle Gephart Cell: 720-520-4448
7
Comparative Market Analysis
225 E 8th Avenue E 12 $355,000 ACTIVE
7/21/22
815 Meeker Street #c, Longmont, Colorado 80504 Longmont, CO 80504
3 Beds 2.00 Baths Year Built 1982
MLS #IR971520 1,414 Sq. Ft. ($251 / sqft) Days on market: 13
Kyle Gephart Cell: 720-520-4448
8
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
225 E 8th Avenue D 11 $230,000 CLOSED
7/26/22
Longmont, CO 80504
MLS #IR969495
2 Beds 1.00 Baths
784 Sq. Ft. ($293 / sqft)
Year Built 1984
Days on market: 13
Details Prop Type: Condominium
Lot Size (sqft): List date: 6/26/22
Updated: Jul 27, 2022 10:10 AM
School District: St. Vrain Valley RE-1J
County: Boulder
Sold date: 7/26/22
List Price: $235,000
High: Skyline
Subdivision: Sunnyvale Condos B C D & F
Off-market date: 7/26/22
Orig list price: $235,000
Middle: Trail Ridge
Assoc Fee: $218
Elementary: Columbine
Full baths: 1.0
Features Appliances: Dishwasher, Disposal, Oven, Refrigerator
Association Name: Sunnyvale Condominiums HOA
Cooling: Air Conditioning-Room
Listing Terms: Cash, Conventional
Direction Faces: South
Living Area Total: 784
Association Amenities: Laundry, Park, Pool
Association Phone: 855-870-9900
Entry Location: Exterior Access
Main Level Bathrooms: 1
Association Fee Frequency: Monthly
Association Yn: true Basement: None
Exterior Features: Balcony
Parking Total: 1
Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water
Building Area Source: Assessor
Fireplace Features: Living Room
Construction Materials: Wood Frame, Wood Siding
Heating: Forced Air
Road Frontage Type: Public Road
Interior Features: Open Floorplan
Road Surface Type: Paved
Levels: One
Roof: Composition
Main Level Bedrooms: 2 Pets Allowed: Cats OK, Dogs OK
Kyle Gephart Cell: 720-520-4448
9
Comparative Market Analysis
Security Features: Smoke Detector Sewer: Public Sewer
815 Meeker Street #c, Longmont, Colorado 80504
Tax Legal Description: UNIT 11 BLDG D SUNNYVALE CONDOS & UND .00868 INT IN GCE
Utilities: Cable Available, Electricity Available, Natural Gas Available
Window Features: Double Pane Windows, Window Coverings
Water Source: Public
Zoning: 4/10
Tax Year: 2021
Remarks Move-in ready 2bed/1bath, 2nd floor, end-unit condo! Fantastic opportunity for 1st time home buyers or investors!! Sunny SW corner unit w/ south facing balcony features new carpet, fresh paint, new appliances, countertops, window coverings and more.There are 2 light-filled, West-facing bedrooms w/ plenty of closet space. The community has a pool (under repair) & picnic areas and on-site laundry facility (Bldg B). The property has easy access to HWY commuters, it's close to downtown Longmont and has accessible shopping, dining, parks and bike paths. There is 1 reserved parking spot and plenty of additional and guest parking.
Kyle Gephart Cell: 720-520-4448
10
Comparative Market Analysis
225 E 8th Avenue D 11 $230,000 CLOSED
7/26/22
815 Meeker Street #c, Longmont, Colorado 80504 Longmont, CO 80504
MLS #IR969495
2 Beds 1.00 Baths
784 Sq. Ft. ($293 / sqft)
Year Built 1984
Days on market: 13
Kyle Gephart Cell: 720-520-4448
11
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
225 E 8th Avenue E 9
Longmont, CO 80504
$230,000 CLOSED
6/10/22
MLS #IR964445
2 Beds 1.00 Baths
784 Sq. Ft. ($293 / sqft)
Year Built 1982
Days on market: 11
Details Prop Type: Condominium
List date: 5/3/22
Orig list price: $225,000
Middle: Trail Ridge
Sold date: 6/10/22
Assoc Fee: $218
Elementary: Columbine
County: Boulder
Off-market date: 6/10/22
Taxes: $832
Subdivision: SUNNYVALE CONDO 1 - LG
Updated: Jun 10, 2022 10:20 AM
School District: St. Vrain Valley RE-1J
Full baths: 2.0
List Price: $230,000
High: Skyline
Association Fee Includes: Capital Reserves, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
Basement: None
Levels: One
Building Area Source: Assessor
Listing Terms: Cash, Conventional
Construction Materials: Wood Frame
Living Area Total: 784
Association Name: Sunnyvale Condo/Sentry Mgmt
Cooling: Air Conditioning-Room, Ceiling Fan(s)
Main Level Bathrooms: 1
Association Phone: 303-444-1456
Flooring: Tile Heating: Forced Air
Association Yn: true
Interior Features: No Stairs
Lot Size (sqft):
Features Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Self Cleaning Oven, Washer Association Amenities: Laundry, Pool Association Fee Frequency: Monthly
Lot Features: Level Main Level Bedrooms: 2 Parking Total: 1 Patio And Porch: Patio Pets Allowed: Cats OK, Dogs OK
Kyle Gephart Cell: 720-520-4448
12
Comparative Market Analysis
Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector
815 Meeker Street #c, Longmont, Colorado 80504
Sewer: Public Sewer Tax Legal Description: UNIT E9 BLDG 2 & UND .00868 INT GCE SUNNYVALE CONDOS 1 Tax Year: 2021
Utilities: Electricity Available, Natural Gas Available
Zoning: Res
Water Source: Public Window Features: Double Pane Windows, Window Coverings
Remarks 2 bed & 1 bath condo with easy ground floor access. Outdoor community swimming pool. Master bedroom with glass door. Back door opens to patio with grass. New refrigerator & dishwasher in 2020. New floor in entry and hall. 1 Reserved parking space. Located close to Hwy 119 with easy access to Boulder and Denver via I-25.
Kyle Gephart Cell: 720-520-4448
13
Comparative Market Analysis
225 E 8th Avenue E 9 $230,000 CLOSED
6/10/22
815 Meeker Street #c, Longmont, Colorado 80504 Longmont, CO 80504
MLS #IR964445
2 Beds 1.00 Baths
784 Sq. Ft. ($293 / sqft)
Year Built 1982
Days on market: 11
Kyle Gephart Cell: 720-520-4448
14
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
225 E 8th Avenue F8
Longmont, CO 80504
$235,000 CLOSED
7/21/22
MLS #4849171
2 Beds 1.00 Baths
784 Sq. Ft. ($300 / sqft)
Year Built 1984
Days on market: 32
Details Prop Type: Condominium
List date: 6/4/22
Orig list price: $255,000
Middle: Trail Ridge
Sold date: 7/21/22
Assoc Fee: $218
Elementary: Columbine
County: Boulder
Off-market date: 7/6/22
Taxes: $808
Subdivision: SUNNYVALE CONDOS B C D F - LG
Updated: Jul 21, 2022 4:00 AM
School District: St. Vrain Valley RE-1J
Full baths: 1.0
List Price: $244,000
High: Skyline
Concessions: Buyer Closing Costs/Seller Points Paid
Levels: One
Concessions Amount: 800
Living Area Total: 784
Construction Materials: Frame, Stucco
Main Level Bedrooms: 2
Lot Size (sqft):
Features Appliances: Dishwasher, Oven Association Fee Frequency: Monthly Association Name: Sunnyvale Condominiums HOA Association Phone: 8558709900
Cooling: Other
Association Yn: true
Heating: Electric, Forced Air, Natural Gas
Fireplaces Total: 1
Listing Terms: Cash, Conventional Main Level Bathrooms: 1 Roof: Other Senior Community Yn: false
Structure Type: Low Rise (1-3) Tax Legal Description: UNIT 8 BLDG F SUNNYVALE CONDOS & UND .00868 INT IN GCE Tax Year: 2021 Utilities: Electricity Available
Sewer: Public Sewer
Kyle Gephart Cell: 720-520-4448
15
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Remarks This charming 2 bedroom, 1 bathroom home is now on the market! Enjoy preparing meals in this impressive kitchen equipped with ample cabinets and generous counter space. Step inside this beautiful interior with tile and hardwood floors throughout, plenty of natural light, and neutral palette. Relax in your primary suite, complete with a walk-in closet, and an en-suite bathroom. Entertain on the back patio, perfect for barbecues. Don't miss this incredible opportunity.
Kyle Gephart Cell: 720-520-4448
16
Comparative Market Analysis
225 E 8th Avenue F8 $235,000 CLOSED
7/21/22
815 Meeker Street #c, Longmont, Colorado 80504 Longmont, CO 80504
MLS #4849171
2 Beds 1.00 Baths
784 Sq. Ft. ($300 / sqft)
Year Built 1984
Days on market: 32
Kyle Gephart Cell: 720-520-4448
17
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
225 E 8th Avenue D 6 $240,000 CLOSED
4/18/22
Longmont, CO 80504
MLS #IR960804
2 Beds 1.00 Baths
784 Sq. Ft. ($306 / sqft)
Year Built 1984
Days on market: 19
Details Prop Type: Condominium
List date: 3/15/22
Orig list price: $235,000
Middle: Trail Ridge
Sold date: 4/18/22
Assoc Fee: $208
Elementary: Columbine
County: Boulder
Off-market date: 4/18/22
Taxes: $1,059
Subdivision: Sunnyvale Full baths: 1.0
Updated: Apr 18, 2022 11:50 AM
School District: St. Vrain Valley RE-1J
Lot Size (sqft):
List Price: $235,000
High: Skyline
Association Name: Sentry Management Inc
Heating: Forced Air
Association Phone: 303-444-1456
Listing Terms: Cash, Conventional
Association Yn: true
Association Fee Frequency: Monthly
Living Area Total: 784
Basement: None
Main Level Bathrooms: 1
Association Fee Includes: Capital Reserves, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
Building Area Source: Assessor
Main Level Bedrooms: 2
Cooling: Air Conditioning-Room, Ceiling Fan(s)
Road Surface Type: Paved
Features Appliances: Dishwasher, Microwave, Oven, Refrigerator Association Amenities: Laundry, Pool
Fireplace Features: Living Room
Levels: One
Patio And Porch: Patio
Tax Legal Description: UNIT 6 BLDG D SUNNYVALE CONDOS 7 UND .00868 INT IN GCE Tax Year: 2021 Utilities: Electricity Available, Internet Access (Wired), Natural Gas Available Water Source: Public
Roof: Composition
Window Features: Window Coverings
Sewer: Public Sewer
Zoning: RES
Kyle Gephart Cell: 720-520-4448
18
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Remarks Move-in ready on this charming and updated 2-bedroom main floor condo. Completely remodeled in 2019 including most windows, flooring, paint, interior doors, appliances, furnace, hot water heater. In the past year this owner installed new sliding glass door, updated lighting including recessed, a/c. Nothing for the new owners to do but bring their decor! In unit w/d hook-ups (w/d excluded), community pool, central location. Wood burning fireplace. High-speed internet!
Kyle Gephart Cell: 720-520-4448
19
Comparative Market Analysis
225 E 8th Avenue D 6 $240,000 CLOSED
4/18/22
815 Meeker Street #c, Longmont, Colorado 80504 Longmont, CO 80504
MLS #IR960804
2 Beds 1.00 Baths
784 Sq. Ft. ($306 / sqft)
Year Built 1984
Days on market: 19
Kyle Gephart Cell: 720-520-4448
20
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Comparable Property Statistics A
1 Active Listings LOWEST
$355,000
S
AVERAGE
$355,000
HIGH
$355,000
AVG PRICE / SQFT
AVG DOM
$251
13
AVG PRICE / SQFT
AVG DOM
$298
18
4 Sold Listings LOWEST
$230,000
AVERAGE
$233,750
HIGH
$240,000
Kyle Gephart Cell: 720-520-4448
21
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Sold Property Analysis Averages
99.0%
Homes sold for an average of 99.0% of their list price.
18
Days on market
It took an average of 18 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
225 E 8th Avenue D 11
$235,000
$230,000
97.87%
13
$293
225 E 8th Avenue E 9
$225,000
$230,000
102.22%
11
$293
225 E 8th Avenue F8
$255,000
$235,000
92.16%
32
$300
225 E 8th Avenue D 6
$235,000
$240,000
102.13%
19
$306
$237,500
$233,750
98.42%
18
$298
Averages
Kyle Gephart Cell: 720-520-4448
22
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
Summary of Comparable Properties A
ACTIVE LISTINGS
ADDRESS
225 E 8th Avenue E 12
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
3
2.00
1,414
$355,000
$251
1,414
$355,000
$251
Averages
S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
225 E 8th Avenue D 11
7/26/22
2
1.00
784
$230,000
$293
225 E 8th Avenue E 9
6/10/22
2
1.00
784
$230,000
$293
225 E 8th Avenue F8
7/21/22
2
1.00
784
$235,000
$300
225 E 8th Avenue D 6
4/18/22
2
1.00
784
$240,000
$306
784
$233,750
$298
Averages
Kyle Gephart Cell: 720-520-4448
23
at Keller Williams Integrity
INTELLIGENT PRICING & TIMING Pricing a home for sale is as much art as science, but there are a few truisms that never change. ☐ ☐ ☐
Fair market value attracts buyers, overpricing never does. The first two weeks of marketing are crucial. The market never lies, but it can change its mind.
ASKING PRICE
PERCENTAGE OF BUYERS
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
90%
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area. Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake. Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.
ACTIVITY
at Keller Williams Integrity
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2
3
4
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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.
Comparative Market Analysis
815 Meeker Street #c, Longmont, Colorado 80504
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.
Kyle Gephart Cell: 720-520-4448
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Results That MOVE You
720.208.7200 TheBarticGroup.com A Veteran Owned Business