Melanie Levin

This week the median list price for Denver, CO is $650,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46 Inventory has decreased to 520

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory

Real-Time Market Profile

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Market Segments

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

Median 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.

Segments

Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Market Action Index

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Market Action Segments

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.

Median Days on Market (DOM)

The properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in the past 57 or so days. Watch the 90-day DOM trend for signals of a changing market.

Segments

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

Online Valuation Analysis

How accurate are Zestimates?

3.5%

$38,071

Zestimates varied up to 3.5% or $38,071 compared to actual MLS prices.

3 Active 5 Sold

Source: Zillow

410 Acoma St #601, Denver, CO 80204-5166, Denver County

APN: 5102-16-100 CLIP: 8433103557

Map of Comparable Listings

STATUS: A = ACTIVE S = CLOSED

Summary of Comparable Properties

A ACTIVE LISTINGS

S SOLD LISTINGS

Listings

Christopher Wanless

Elite Home Partners

MLS #7268820

$1,085,000

2 Beds 3.00 Baths Year Built 2017

ACTIVE 2/7/23 Days on market: 12

Details

Prop Type:

Condominium

County: Denver

Subdivision: Union

Station

Style: High Rise

Full baths: 2.0

Features

Above Grade Finished Area: 1629.0

Association Amenities: Bike Storage, Clubhouse, Elevator(s), Fitness Center, Garden Area, Management, Pool, Spa/ Hot Tub, Security

Association Fee

Frequency: Monthly

Half baths: 1.0

Lot Size (sqft):

Garages: 1

List date: 2/7/23

Updated: Feb 19, 2023

8:30 PM

List Price: $1,085,000

Orig list price: $1,153,000

Assoc Fee: $713

Taxes: $7,433

School District: Denver 1

Association Fee Includes: Gas, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Snow Removal, Security, Trash, Water

Association Name: The Coloradan Master Association Association Fee 2: 569.16

Association Fee 2 Frequency: Monthly

Building Name: The Coloradan

Construction Materials: Concrete

Cooling: Central Air

Covered Spaces: 1.0

Entry Location: Corridor Access

High: West

Middle: West Leadership

Elementary: Greenlee

Exclusions: Seller's personal property

Heating: Heat Pump

Levels: One

Parking Total: 1.0

Patio And Porch

Features: Patio, Rooftop

Pool Features: Outdoor Pool, Association

Property Condition: New Construction

1750 Wewatta Street 421 Denver, CO

Christopher Wanless Elite Home Partners

Roof: Other

Rooms Total: 5

Remarks

Sewer: Public Sewer View: City

Water Source: Public

A brilliant choice. Fabulous location. Experience Denver living at its finest! Imagine the ease and fun of living next to Denver's Union Station! Add your own designer touches to this luxurious Union Station area penthouse. The spacious 4th floor, 1629 sq ft 2 bed, 2 1/2 bath condo with its own private, oversized patio/terrace is one of only 5% like it in The Coloradan. Enjoy the roomy, open floor plan; elegant marble and quartz surfaces; clean lines; and elements like the interior structural concrete pillar that showcases the building's modern urban-industrial design. Impress your inner chef with your beautiful modern kitchen complete with built-in Bosch appliances. Offer a top-notch guest room; Create the perfect office or den; Or make a comfortable and quiet bedroom for the littles in your spacious secondary suite. Invite friends over after the game for memorable gatherings on your impressive, private (825 sq ft) terrace. Meanwhile, your HOA provides you with a fitness center, rooftop pool, hot tub, clubhouse, grilling area, fire pit and more. Mere steps to charming boutique and popular coffee shop, UNION STATION, Whole Foods, CVS, Coors field, other favorite hotspots, and much more. MINIMUM OF 2 HRS ADVANCE notice for SHOWINGS.

Cash offers with quick close only. Must CLOSE in February! The last 4th floor unit (with like terrace) sold in 2021 for $829/sq ft. putting this condo at a respective value of $1.35 mil long before the height of the market. Truly, this won't last. Seller is very motivated. For HOA information, go to www.coloradanresidents.com and click on the "HOA docs" button under the sign in boxes.

Courtesy of Great Way Real Estate Properties LLC Information is deemed reliable but not guaranteed.

$799,900

2 Beds 2.00 Baths Year Built 2002

ACTIVE 1/26/23 Days on market: 15

Details

Prop Type:

Condominium

County: Denver

Subdivision: LoDo/

Union Station

Style: Contemporary, Loft, High Rise

Features

Above Grade Finished Area: 1532.0

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

Association Amenities: Business Center, Elevator(s), Fitness Center, Parking

Full baths: 2.0

Lot Size (sqft):

Garages: 1

List date: 1/26/23

Updated: Feb 10, 2023 4:23 PM

List Price: $799,900

Orig list price: $799,900

Assoc Fee: $799

Taxes: $3,680

School District: Denver 1

High: West

Middle: Kepner

Elementary: Greenlee

Association Fee Frequency: Monthly

Association Fee Includes: Gas, Insurance, Recycling, Sewer, Trash, Water

Association Name: East West Urban Management

Building Name: Waterside Lofts

Construction Materials: Concrete

Cooling: Central Air

Covered Spaces: 1.0

Direction Faces: Southwest

Electric: 110 Volts

Exclusions: Seller's Personal Property, Staging Items

Exterior Features: Balcony, Lighting

Flooring: Wood

Heating: Forced Air

Interior Features: Breakfast Area, Eat-in

Kitchen, Five Piece Bathroom, High Ceilings, High Speed Internet, Kitchen Island, Marble Counters, Primary Suite, Open Floorplan, Smoke Free, Walk-In Closet(s)

Laundry Features: In Unit

Levels: One

Parking Features:

Concrete, Underground, Heated Garage, Lighted

Parking Total: 1.0

Patio And Porch

Features: Covered, Balcony

Pets Allowed: Cats OK, Dogs OK

Property Condition:

Updated/Remodeled

Roof: Membrane

Rooms Total: 5

Security Features: Controlled Access, Carbon Monoxide Detector(s), Secured Garage/Parking, 24 Hour Security, Smoke Detector(s)

Sewer: Community/Coop

Sewer

Utilities: Cable Available, Electricity Available, Electricity

Connected, Natural Gas Available, Natural Gas Connected, High Speed Internet Available

View: Mountain(s)

Window Features: Double Pane Windows, Window Coverings

Remarks

Rarely available mountain view condo in desirable Waterside Lofts. This original owner unit features stainless steel appliances, newer Carrara marble counters, custom Studio Becker cabinetry, Dornbracht plumbing fixtures, Hafele finish hardware, smooth coat walls, wood floors throughout and more. The large kitchen and open floor plan are perfect for entertaining. The well sized primary suite features a walk-in closet and a wonderful 5-piece bathroom. Enjoy unblocked views of the mountains and the Cherry Creek from your private balcony with a gas line for a grill. This full service building has a 24hr front desk person, large gym, and even private conference room. Live in the middle of all that LoDo and Union Station have to offer - shops, restaurants, Union Station is just 2 blocks away, the Cherry Creek path is right outside the building, sporting events and more. This is a fantastic loft/condo in one the best full service buildings in Denver. Welcome home.

Courtesy of Hatch Realty, LLC Information is deemed reliable but not guaranteed.

Christopher Wanless Elite Home Partners

$650,000

2 Beds 3.00 Baths Year Built 2003

ACTIVE 2/14/23 Days on market: 4

Details

Prop Type:

Condominium

County: Denver

Subdivision: Uptown, North Capitol Hill

Style: High Rise

Full baths: 1.0

Features

Above Grade Finished Area: 1623.0

Appliances: Dishwasher

Association Amenities: Elevator(s), Fitness Center, Parking, Sauna

Association Fee

Frequency: Monthly

3/4 Baths: 1.0

Half baths: 1.0

Lot Size (sqft):

Garages: 2

List date: 2/14/23

Updated: Feb 18, 2023 2:05 PM

List Price: $650,000

Orig list price: $650,000

Assoc Fee: $1,024

Taxes: $3,419

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Recycling, Reserve Fund, Sewer, Snow Removal, Security, Trash, Water

Association Name: Portofino Tower Homeowners Association

Building Features: Elevator(s)

Building Name: Portofino Tower

Common Walls: 2+

Common Walls

Construction Materials: Stucco, Steel

Cooling: Central Air

Covered Spaces: 2.0

Direction Faces: Southwest

Exclusions: staging items

School District: Denver 1

High: East

Middle: Wyatt

Elementary: Cole Arts And Science Academy

Exterior Features: Balcony, Elevator, Lighting

Fireplace Features: Gas, Great Room

Fireplaces Total: 1

Flooring: Tile, Wood

Furnished: Unfurnished

Heating: Forced Air

Christopher Wanless Elite Home Partners

Interior Features: Five Piece Bathroom, Granite Counters, High Speed Internet, Jack and Jill Bath, Kitchen Island, Primary Suite, Open Floorplan, Pantry, Smart Thermostat

Laundry Features: In

Unit

Levels: One

Remarks

Parking Total: 2.0

Patio And Porch Features: Covered, Balcony

Pets Allowed: Cats OK, Dogs OK, Number Limit

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Other

Rooms Total: 7

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

Sewer: Public Sewer

View: City

Virtual Tour: View

Water Source: Public

Window Features: Window Coverings

Open House Saturday 12-2pm Feb 18th (tours 12, 1230, 1, 130pm). Beautiful corner unit 2br + den, 2.5ba + Northwest views at Uptown's Prestigious Portofino Tower! Newly refinished hardwood floors, 9 foot floor-to-ceiling windows throughout, <1yo Bosch 800 series stainless steel appliances + new backsplash, granite countertops, 2 garage parking (#55 & #57) in heated garage, storage closet (#34) & wine locker in the chilled wine room. Amenities include concierge-style front desk & security, fitness center, guest suite ($100/night), conference room, steam room & sauna. Building has high-speed Google Webpass fiber ($60/mo). Walk to Downtown & Uptown's shopping & restaurants and light rail station @ 20th & Welton.

Courtesy of 1858 Real Estate Information is deemed reliable but not guaranteed.

$949,000

Details

Prop Type: Condominium County: Denver

Subdivision: Auraria

Style: Contemporary, Loft, Mid Rise

Full baths: 2.0

Features

Above Grade Finished Area: 1696.0

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

Accessibility Features: Accessible Approach with Ramp

Association Amenities: Elevator(s), Parking

Lot Size (sqft):

Garages: 1

List date: 11/11/22

Sold date: 12/14/22

Off-market date: 11/23/ 22

Orig list price: $949,000

Assoc Fee: $588

Taxes: $3,785

Association Fee Frequency: Monthly

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

Association Name: Auraria Parkway Condominium Association

Building Features: Elevator(s)

Building Name: Auraria Parkway Lofts

Construction Materials: Brick

Cooling: Central Air

Direction Faces: Northeast Entry Level: 4

Middle: Compass Academy

Elementary: Greenlee

Exclusions: Seller's personal property

Exterior Features: Balcony, Elevator

Flooring: Carpet, Wood

Heating: Electric, Forced Air, Natural Gas

Interior Features: Wet Bar, Ceiling Fan(s), Eatin Kitchen, Five Piece Bathroom, Jetted Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s)

Laundry Features: Laundry Closet, In Unit

Levels: Two

Remarks

Lot Features: Open Space, Near Public Transit

Parking Features: Heated Garage, Insulated Garage

Parking Total: 1.0

Patio And Porch Features: Deck, Balcony

Pets Allowed: Cats OK, Dogs OK

Roof: Other Rooms Total: 7

Security Features: Carbon Monoxide

Detector(s), Secured Garage/Parking, Smoke Detector(s)

Sewer: Public Sewer

Utilities: Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available

View: City, Mountain(s)

Water Source: Public

We're pleased to present this Designer-Loft that perfectly embraces all of the best qualities of the loftliving lifestyle. Inspired by the notoriously eclectic lofts found in Williamsburg, Brooklyn, the owner's relocated from NYC to Colorado with the vision of this home in mind. Once the ideal location and building was identified, they engaged NYC based designer, Chris McGovern of McGovern Projects to help them turn their dream loft into a reality. The result is nothing short of astonishing, which is why the renovation has been published by the likes of Colorado Homes & Lifestyle and Domino, a Conde Nast owned print magazine that's said to be the ultimate guide for a stylish life and home . This well-appointed renovation started with the refinishing of every square inch of wood, from the 18.5' tall ceilings, Douglas Fir timber beams and hardwood floors. The original red oak floors were repaired and stained in a Nordic birch finish, dramatically altering the look and feel of the entire home. The primary tenet of the remodel was to highlight the loft's architectural details, accentuating them with a fresh palette of white walls and painted spiral staircase. Modern elements were introduced in the form of custom cabinetry, oversized kitchen island, and vanities in both bathrooms. To showcase these impressive features, only top of the line lighting systems and fixtures were included to enhance the atmosphere throughout every space in the home. As for location, living here offers a great urban lifestyle but from just outside of the density and frenzy that can be Lower Downtown LoDo . Reside within proximity to Downtown Denver, Riverfront Park, the Cherry Creek Trail, with quick access to Denver's major thoroughfares, including I-25 and Speer Blvd. Spaces with soul can be hard to come by, and that's exactly what this home offers. To quote the owners, what we achieved is a really serene living experience in the city . Schedule a tour today to see it for yourself

Courtesy of Fantastic Frank Colorado Information is deemed reliable but not guaranteed.

Christopher Wanless Elite Home Partners

MLS #4720718

$820,000

2 Beds 2.00 Baths Year Built 2002 CLOSED 1/6/23 Days on market: 63

Details

Prop Type:

Condominium

County: Denver

Subdivision: Waterside

Lofts Condos

Style: Loft, High Rise

Full baths: 2.0

Features

Above Grade Finished Area: 1533.0

Appliances: Convection

Oven, Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood, Wine

Cooler, Washer

Lot Size (sqft): Garages: 2

List date: 10/5/22

Sold date: 1/6/23

Off-market date: 12/7/ 22

Updated: Jan 6, 2023 1:50 PM

List Price: $845,000

Orig list price: $859,000

Assoc Fee: $798

Taxes: $4,138

Association Amenities: Bike Storage, Business Center, Elevator(s), Fitness Center, Parking, Security, Storage

Association Fee Frequency: Monthly

Association Fee Includes: Electricity, Gas, Heat, Maintenance Grounds, Maintenance Structure, Recycling, Reserve Fund, Sewer, Snow Removal, Security, Trash

Association Name: East West Urban Management

Building Features: Elevator(s)

School District: Denver

1

High: West

Middle: Kepner

Elementary: Greenlee

Building Name: Union Station

Common Walls: 2+ Common Walls

Construction Materials: Brick, Concrete

Cooling: Central Air

Entry Level: 5

Exclusions: Seller's personal property

Christopher Wanless Elite Home Partners 720.837-4299

Exterior Features:

Balcony, Elevator

Fencing: None

Flooring: Bamboo, Tile

Furnished: Unfurnished

Heating: Forced Air, Natural Gas

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Elevator, Five Piece Bathroom, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Primary Suite, Open Floorplan, Pantry, Stone Counters, Smoke Free, Smart Lights, Stainless Steel Counters, Walk-In Closet(s)

Remarks

Laundry Features: Laundry Closet, In Unit

Levels: One

Lot Features: Greenbelt, Landscaped, Open Space, Near Public Transit

Parking Features: Concrete, Underground, Heated Garage, Lighted, Storage, Tandem

Parking Total: 2.0

Patio And Porch

Features: Covered, Patio, Balcony

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Membrane

Rooms Total: 7

Security Features: Security System, Controlled Access, Secured Garage/Parking, 24 Hour Security, Key Card Entry, Security Guard

Sewer: Public Sewer

Utilities: Electricity

Connected, Natural Gas

Connected, High Speed Internet Available, Phone Connected

View: City, Mountain(s), Water

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Loft-style living awaits at this striking condo that combines spectacular city and mountain views with an unbeatable Union Station location! Character abounds inside the modern open-concept interior that boasts dramatic high ceilings, a concrete ceiling, bamboo flooring, industrial-chic exposed ductwork, and brick accents. Take in the unobstructed views of the Rockies and Mile High Stadium while enjoying your morning coffee or a glass of wine from the covered balcony. The oversized kitchen is sure to delight the home chef with its granite and steel countertops, huge island with seating, pantry, and stainless steel appliances including a wine fridge and gas range. Framed by more views of the Front Range, the primary suite features a retractable wall for added privacy, 2 walk-in closets, and a luxurious 5-piece bathroom. The floorplan is completed by another bathroom and a flexible 2nd bedroom with a built-in Murphy bed that doubles as an office. Other noteworthy features include fantastic storage space (including multiple closets and a deeded storage space), in-unit laundry, and 2 deeded tandem parking spots in the heated underground garage. Relish a low-maintenance lifestyle; HOA covers most utilities and offers upscale amenities including a fully-equipped 2,000 sqft gym and yoga studio, business center, 24/7 security, onsite management, and bike storage. Wonderful location on the Cherry Creek Trail, across the street from a large dog park and the Ball Arena, and a few blocks from Union Station (Train to the Plane!), Elitch Gardens, Whole Foods, Museum of Contemporary Art, Riverside Park, 16th Street Mall, Coors Field, Denver Performing Arts Complex, award-winning restaurants, nightlife, shopping, and much more for you to explore. Walk Score of 89!

Courtesy of Redfin Corporation

2 Beds 2.00 Baths Year Built 1979 CLOSED 1/12/23 Days on market: 3

$800,000

Details

Prop Type:

Condominium

County: Denver

Subdivision: Downtown

Style: Contemporary, High Rise

Full baths: 1.0

3/4 Baths: 1.0

Features

Above Grade Finished Area: 1594.0

Appliances: Cooktop, Dishwasher, Microwave, Oven, Refrigerator, Wine

Cooler

Accessibility Features: Accessible Approach with Ramp

Lot Size (sqft):

Garages: 2

List date: 12/11/22

Sold date: 1/12/23

Off-market date: 12/14/ 22

Updated: Jan 13, 2023 12:52 PM

List Price: $800,000

Orig list price: $800,000

Assoc Fee: $967

Taxes: $3,843

School District: Denver 1

High: West

Association Amenities: Clubhouse, Elevator(s), Fitness Center, Management, Pool, Parking, Sauna, Spa/Hot Tub, Storage, Tennis Court(s)

Association Fee Frequency: Monthly

Association Fee Includes: Cable TV, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Snow Removal, Trash, Water

Association Name: Larimer Place HOA

Building Features: Elevator(s)

Middle: Greenlee

Elementary: Greenlee

Building Name: Larimer Place

Construction Materials: Brick, Concrete

Cooling: Central Air

Covered Spaces: 2.0

Direction Faces: Southwest Entry Level: 17

Christopher Wanless Elite Home Partners

Entry Location: Corridor Access

Exclusions: Seller's personal property.

Furniture and televisions are negotiable

Exterior Features: Balcony, Elevator, Gas Grill, Hot Tub/Spa, Lighting, Tennis Court(s)

Flooring: Carpet, Tile, Wood

Foundation Details: Slab

Furnished: Negotiable

Heating: Forced Air

Interior Features: Eatin Kitchen, Granite Counters, Kitchen Island, Smoke Free, Walk-In Closet(s)

Laundry Features: Laundry Closet, In Unit

Levels: One

Number Of Units

Total: 168

Parking Features: Concrete, Exterior Access Door, Insulated Garage, Lighted

Parking Total: 2.0

Patio And Porch

Features: Covered, Balcony

Remarks

Pets Allowed: Cats OK, Dogs OK, Size Limit

Pool Features: Outdoor Pool, Association

Property Condition: Updated/Remodeled

Roof: Membrane

Rooms Total: 8

Security Features: Controlled Access, Carbon Monoxide Detector(s), Secured Garage/Parking, Key Card Entry, Smoke Detector(s)

Sewer: Community/Coop

Sewer

Spa Features: Hot Tub

Utilities: Cable Available, Electricity

Connected, High Speed Internet Available, Phone Available

View: City, Mountain(s)

Virtual Tour: View

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Colorful sunsets and views from this west facing home. Adaptable balcony enclosure allows removal or opening of windows during Colorado's great seasons or for summer barbeque; fully tiled and even features a ceiling fan. Step back inside on wood flooring throughout main living spaces. Kitchen is completely remodeled with large island perfect for entertaining. You will be cooking on an induction cooktop and enjoying new Bosch appliances while you do. Convenient dual zone wine cooler mounted under the counter for your favorite vintages. Design is flawless with granite countertops, recessed can and undercabinet lighting, rich cherry cabinets, mosaic tile backsplash. Two panel doors with nickel hardware throughout home; Elfa closet systems allow you to keep things organized and out of the way Main living space is very flexible for television viewing and dining; pre-wired for sound, custom window coverings included. Primary bedroom opens to balcony, with a large bathroom and richly appointed walkin closet, enough room to create an en-suite experience. Modern lighting, undercounter sinks with matching granite counter, custom tile throughout primary bath. Walk-in shower with lighting, natural light from glass brick wall and an extra rain jet overhead for long, luxurious showers, then...step out to radiant heated floors! Main hallway bath is also well appointed; it features more custom tile and cabinetry, floor to ceiling tile at bathtub, great for guests and visitors. 2nd bedroom offers natural light and a wall bed you can tuck away until you need it. The amenities in Larimer Place include a rooftop tennis court and a heated pool with cabanas and seating so you can stay outside after you finish your match. Pool is open year-round, just open the electric cover to enjoy a swim. Inside you will find the clubhouse, fitness center, steam room, and sauna..even a spa to soak the aches out. This comes with 2 parking spaces, but plenty of room for visitors in the guest parking.

Christopher Wanless Elite Home Partners

1050 N Cherokee Street 307

MLS #7410410

$687,000

2 Beds 2.00 Baths Year Built 1998 CLOSED 1/23/23 Days on market: 133

Details

Prop Type:

Condominium County: Denver

Subdivision: Golden Triangle

Style: Mid-Century

Modern, Mid Rise

Full baths: 2.0

Features

Above Grade Finished Area: 1632.0

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

Accessibility Features: Accessible Approach with Ramp

Lot Size (sqft): Garages: 2

List date: 8/3/22

Sold date: 1/23/23

Off-market date: 12/30/ 22

Updated: Jan 24, 2023 7:55 AM

List Price: $697,000

Orig list price: $719,000

Assoc Fee: $609

Taxes: $3,269

Association Amenities: Bike Storage, Gated, Storage

Association Fee Frequency: Monthly

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Snow Removal, Trash, Water

Association Name: Grand Cherokee Condominium Association

School District: Denver 1

High: West

Middle: Kepner

Elementary: Dora Moore

Building Name: Cherokee Lofts

Common Walls: End Unit

Construction

Materials: Block, Other, Concrete

Cooling: Central Air

Covered Spaces: 2.0

Direction Faces: West

Denver, CO

Electric: 220 Volts

Entry Level: 3

Exclusions: all the sellers personal property but some of the furniture can be bought separately

Exterior Features:

Balcony, Private Yard

Fencing: Full

Flooring: Wood

Foundation Details:

Concrete Perimeter

Furnished: Negotiable

Heating: Forced Air, Natural Gas

Interior Features: Entrance Foyer, Eat-in Kitchen, Elevator, Granite Counters, Kitchen Island, Primary Suite, Open Floorplan, Smoke Free, Vaulted Ceiling(s)

Laundry Features: In Unit

Levels: Two

Parking Features: Concrete, Lighted, Storage

Parking Total: 2.0

Patio And Porch

Features: Balcony

Pets Allowed: Cats OK, Dogs OK

Property Condition: Updated/Remodeled

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Membrane

Rooms Total: 7

Security Features: Controlled Access, Secured Garage/Parking, Smoke Detector(s)

Sewer: Public Sewer

Utilities: Cable Available, Electricity

Connected, Natural Gas Available, Natural Gas

Connected

View: Mountain(s)

Water Source: Public

Window Features: Double Pane Windows, Window Coverings

Remarks

ENJOY URBAN LIVING AT ITS FINEST IN THIS TOTALLY UPDATED LOFT IN DOWNTOWN DENVER'S GOLDEN TRIANGLE NEIGHBORHOOD, SPACIOUS SW CORNER UNIT, DRAMATIC 18 FOOT TALL CEILING WITH NEW WINDOWS,REMOTE CONTROL ELECTRONIC SHADES,NEW DESIGNER BATHROOMS,GRANITE COUNTER TOPS THROUGHOUT, LARGE OPEN KITCHEN WITH ISLAND,NEW BUILT-IN CLOSETS AND STORAGE, NEW HARDWOOD FLOORS, BALCONY WITH CITY AND MOUNTAIN VIEWS, 2 PARKING SPACES (TANDEM SPACE) AND A STORAGE LOCKER IN SECURE GARAGE, SECURITY BUILDING

Courtesy of Fidelity Realty & Investments

Information is deemed reliable but not guaranteed.

2 Beds 3.00 Baths Year Built 2003 CLOSED 1/17/23 Days on market: 5

$642,500

Details

Prop Type:

Condominium

County: Denver

Subdivision: Uptown, North Capitol Hill

Style: High Rise

Full baths: 1.0

Features

Above Grade Finished Area: 1623.0

Appliances: Dishwasher

Association Fee

Frequency: Monthly

Association Name:

Portofino Tower

Homeowners Association

Building Features:

Elevator(s)

Common Walls: 2+

Common Walls

3/4 Baths: 1.0

Half baths: 1.0

Lot Size (sqft):

Garages: 2

List date: 1/2/23

Sold date: 1/17/23

Construction Materials: Stucco, Steel

Cooling: Central Air

Covered Spaces: 2.0

Exclusions: staging items

Exterior Features:

Balcony, Elevator, Lighting

Fireplace Features: Gas

Fireplaces Total: 1

Flooring: Tile, Wood

Off-market date: 1/7/23

Updated: Jan 19, 2023 10:23 AM

List Price: $650,000

Orig list price: $650,000

Assoc Fee: $1,024

Taxes: $3,419

School District: Denver

1

High: East

Middle: Wyatt

Elementary: Cole Arts And Science Academy

Furnished: Unfurnished

Heating: Forced Air

Interior Features: Five Piece Bathroom, Granite Counters, High Speed

Internet, Jack and Jill

Bath, Kitchen Island, Open Floorplan, Pantry, Smart Thermostat

Levels: One

Parking Total: 2.0

Patio And Porch Features: Covered, Balcony

Pets Allowed: Cats OK, Dogs OK, Number Limit

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type:

Paved

Roof: Other

Remarks

Rooms Total: 6

Sewer: Public Sewer

Virtual Tour: View

Water Source: Public

Open House Saturday 12-2pm. Beautiful corner unit 2br + den, 2.5ba + Northwest views at Uptown's Prestigious Portofino Tower! Newly refinished hardwood floors, 9 foot floor-to-ceiling windows throughout, <1yo Bosch 800 series stainless steel appliances + new backsplash, granite countertops, 2 garage parking (#55 & #57) in heated garage, storage closet (#34) & wine locker (#41) in the chilled wine room. Amenities include concierge-style front desk & security, fitness center, guest suite ($100/ night), conference room, steam room & sauna. Building has high-speed Google Webpass fiber ($60/mo). Walk to Downtown & Uptown's shopping & restaurants and light rail station @ 20th & Welton.

Courtesy of 1858 Real Estate

Information is deemed reliable but not guaranteed.

Christopher Wanless Elite Home Partners

Analysis

Christopher Wanless

Elite Home Partners

Christopher Wanless

Sold Property Analysis

Averages

98.03%

Homes sold for an average of 98.03% of their list price.

Analysis

43 Days on market

It took an average of 43 days for a home to sell.

Suggested List Price

Analysis of the comparable properties suggests a list price range of: $750,000 - $800,000 $453 / sqft - $484 / sqft

Comparable Averages per Status

The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.

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

OF BUYERS

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.

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.