at Keller Williams Integrity
MarComparativeketAnalysis 6310 Oak Street, Arvada, Colorado 80004 CMA For Ted Stockwell AUGUST 31, 2022 Tanya Lopez-Portillo
6310 Oak St #202, Arvada, CO 80004-4877, Jefferson County APN: 429040 CLIP: 7701160226 MLS Beds 2 MLS Full Baths 2 Half Baths N/A MLS Sale Price $269,900 MLS Sale Date 03/06/2020 MLS Sq Ft 935 Lot Sq Ft N/A Yr Built 1999 Type CONDO OWNER INFORMATION Owner Name Stockwell Theodore IV Mailing ZIP 4 4877 Mailing Address 6310 Oak St #202 Mailing Carrier Route C022 Mailing City & State Arvada, CO Owner Occupied Yes Mailing Zip 80004 LOCATION INFORMATION Property Zip 80004 Census Tract 103 07 Property Zip4 4877 Neighborhood Code Orchard Square 2923 Property Carrier Route C022 Township 03 School District Jefferson County R 1 Range 69 Elementary School Allendale Section 09 Middle School Drake Quarter NE High School Arvada West Block 15 Subdivision Grace Place II Condo Bldg 15 2nd Supp Lot 202 TAX INFORMATION PIN 429040 % Improved 100% Alternate PIN 39 091 09 183 Tax District 1013 Schedule Number 429040 Legal Description SECTION 09 TOWNSHIP 03 RANG E 69 QTR NE SUBDIVISIONCD 293 468 SUBDIVISIONNAME GRACE P LACE II CONDO BLDG 15 2ND SU PP BLOCK 015 LOT 0202 TRACT ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Improved $315,105 $224,906 $224,906 Market Value Total $315,105 $224,906 $224,906 Assessed Value Improved $22,530 $16,081 $16,081 Assessed Value Total $22,530 $16,081 $16,081 YOY Assessed Change (%) 40 1% 0% YOY Assessed Change ($) $6,449 $0 Tax Year Total Tax Change ($) Change (%) 2019 $1,531 2020 $1,552 $21 1 37% 2021 $2,180 $628 40 49% CHARACTERISTICS Land Use CoreLogic Condominium Baths Total 2 Building Type Multi Family Condo MLS Total Baths 2 Style Condominium Baths Full 2 Year Built 1999 Stories MLS: 1 Bldg Sq Ft Above Ground 935 Cooling Type Central & Unit Bldg Sq Ft Finished 935 Heat Type Forced Air Bldg Sq Ft 1st Floor 935 Construction Wood Basement Type MLS: Structural Water Type Unknown # Buildings 1 Sewer Type Unknown Bedrooms 2 Quality Average FEATURES Feature Type Size/Qty Covered Porch 75 First Floor 935 Property Details Courtesy of Tanya Lopez Portillo, REcolorado Generated on:08/31/22 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
The
FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation The FSD can be used to create confidence that the true value has a statistical degree of certainty LISTING INFORMATION MLS Listing Id 1826174 MLS Close Price $269,900 MLS Days On Market 4 MLS Listing Contract Date 02/06/2020 MLS Source REcolorado MLS Close Date 03/06/2020 MLS Status Closed MLS List Office Name LEFT HAND HOMES LLC MLS Status Change Date 03/06/2020 MLS List Agent Full Name 03458p Phil Tarket MLS Current Price $269,900 MLS Buyer Agent Full Name 020647 Jlillis@wkre com MLS Original List Price $269,900 MLS Buyer Office Name WK REAL ESTATE MLS Listing # 3925716 MLS Source History REcolorado MLS Status Closed MLS Listing Price $239,900 MLS Orig Listing Price $239,900 MLS Listing Close Price $210,000 MLS Listing Date 12/04/2019 MLS Close Date 01/16/2020 LAST MARKET SALE & SALES HISTORY Sale Date 03/06/2020 Deed Type Special Warranty Deed Sale Price $269,900 Owner Name Stockwell Theodore IV Price per SqFt Finished $288 66 Seller Left Hand Homes LLC Document Number 29113 Sale Date 03/06/2020 01/16/2020 05/31/2002 07/23/2001 07/23/2001 Sale Price $269,900 $210,000 $139,500 Nominal Y Buyer Stockwell Theodore IV Left Hand Homes LLC Mrkvicka Margaret J Spurny Petr Spurny Lara C & Petr Buyer Spurny Petr Seller Left Hand Homes LLC Mrkvicka Margaret J Spurney Petr & Lara C Spurny Petr Owner Record Document Number 29113 9520 F1499522 F1404815 F1404815 Document Type Special Warranty Deed Special Warranty Deed Warranty Deed Quit Claim Deed Joint Tenant Quit Clai m Deed Title Company First American Title Ins urance First American Title Land Title Guarantee First American Title Sale Date 05/31/2001 03/31/1999 09/28/1998 Sale Price $133,750 $103,000 $95,320 Nominal Buyer Spurny Petr Tracy Daniel M & Karen C Remillard Jane L Buyer Tracy Karen C Seller Tracy Karen C & Daniel M Remillard Jane L D R Horton Inc Denver Document Number F1250461 F0839439 F0710495 Document Type Warranty Deed Warranty Deed Special Warranty Deed Title Company First American Heritage Title Security Title & Guaranty Co. MORTGAGE HISTORY Mortgage Date 03/13/2020 01/24/2020 08/30/2004 06/10/2002 06/06/2001 Mortgage Amount $216,920 $168,000 $74,500 $61,500 $107,000 Mortgage Lender Quicken Lns Inc Cost Fund 1 LLC Denver Mtg Co First Franklin Fin'l Corp Long Bch Mtg Co Property Details Courtesy of Tanya Lopez Portillo, REcolorado Generated on:08/31/22 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
SELL SCORE Rating Moderate Value As Of 2022 08 28 04:42:05 Sell Score 528 ESTIMATED VALUE RealAVM™ $361,200 Confidence Score 91 RealAVM™ Range $332,100 $390,300 Forecast Standard Deviation 8 Value As Of 08/15/2022 (1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal (2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process The confidence score range is 50 100 Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales (3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric
Borrower Stockwell Theodore IV Left Hand Homes LLC Mrkvicka Margaret J Mrkvicka Margaret J Spurny Petr Borrower Mortgage Type Conventional Conventional Conventional Conventional Mortgage Purpose Resale Construction Refi Resale Resale Mortgage Int Rate 8.625 Mortgage Int Rate Type Fixed Rate Loan Adjustable Int Rate Loa n Adjustable Int Rate Loa n Mortgage Term 30 1 30 30 30 Mortgage Term Years Years Years Years Years Title Company Security Title Co Mortgage Date 04/05/1999 10/07/1998 Mortgage Amount $82,400 $76,250 Mortgage Lender Countrywide Hm Lns Inc Ch Mtg Co I Ltd Lp Borrower Tracy Daniel M Remillard Jane L Borrower Tracy Karen C Mortgage Type Conventional Conventional Mortgage Purpose Resale 1st Time Sale Mortgage Int Rate Mortgage Int Rate Type Mortgage Term Mortgage Term Title Company PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Tanya Lopez Portillo, REcolorado Generated on:08/31/22 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
Online Valuation Analysis How accurate are Zestimates? 2.9% $9,900 Zestimates varied up to 2.9% or $9,900 compared to actual MLS prices. S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 10734 W 63rd Place 206 8/22/22 $320,000 $320,300 0 1% 10734 W 63rd Place 202 8/24/22 $320,000 $320,300 0 1% 10784 W 63rd Place 203 8/4/22 $317,900 $319,300 0 4% 10785 W 63rd Place 204 3/31/22 $310,000 6350 Oak Street 203 4/7/22 $340,000 $349,900 2.9% Source: Zillow 5 Sold Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 4
Map of Comparable Listings STATUS: S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 6310 Oak St 2 2.00 935 2 2719058 S 10734 W 63rd Place 206 2 2 00 935 $320,000 3 4756120 S 10734 W 63rd Place 202 2 2 00 935 $320,000 4 2227656 S 10784 W 63rd Place 203 2 2 00 935 $317,900 5 3322662 S 10785 W 63rd Place 204 2 2 00 890 $310,000 6 4483743 S 6350 Oak Street 203 2 2.00 893 $340,000 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 5
Comparable Home MLS #2719058 10734 W 63rd Place 206 Arvada, CO 80004 $320,000 CLOSED 8/22/22 2 Beds 2.00 Baths Days on market: 2 935 Sq. Ft. ($342 / sqft) Year Built 1999 Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Sewer, Snow Removal, Trash, Water Association Name: Grace Place II Association Phone: 303-457 1444 Association Yn: true Building Area Source: Public Records Concessions: No Construction Materials: Wood Siding Cooling: Central Air Exterior Features: Balcony Flooring: Carpet, Laminate, Tile Heating: Forced Air Interior Features: Ceiling Fan(s), Pantry, Smoke Free, Walk-In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan Living Area Total: 935 Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 1 Patio And Porch: Covered Roof: Composition Security Features: Carbon Monoxide Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: SECTION 09 TOWNSHIP 03 RANGE 69 QTR NE SUBDIVISIONCD 293465 012BLDGGRASUBDIVISIONNAMECEPLACEIICONDO121STSUPPBLOCKLOT0206TRACT Tax Year: 2021 Water Source: Public Window Features: Double Pane Windows Details Prop Type: Condominium County: Jefferson Subdivision: Grace Place Full baths: 2 0 Lot Size (sqft): List date: 7/28/22 Sold date: 8/22/22 Off-market date: 7/30/22 Updated: Aug 22, 2022 10:51 AM List Price: $315,000 Orig list price: $315,000 Assoc Fee: $195 Taxes: $1,903 School District: Jefferson County R-1 High: Arvada West Middle: Drake Elementary: Allendale Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 6
Tanya Lopez-Portillo Cell: 7209379710 7
Remarks Welcome home to your two bed and two bath, well lit, 935 sq ft condo in Grace Place. When you enter this home you will find new fresh paint and carpet. The living room is a perfect place for entertaining your friends and family. Grab your coffee or cocktail and head out on your enclosed balcony for some Colorado air. This balcony also includes a storage closet. Once back inside, you might want to grab a quick snack or cook a fantastic meal in your bright and clean kitchen. The dining room off of the kitchen will allow you to serve your guests your favorite meal. Walking down the hallway, you will find bathroom number one which includes a shower and tub along with linen closet. This unit includes a washer and dryer for all your laundry needs. The owners suite includes a large walk in closet, and the ensuite bath is the perfect space for relaxing. The second bedroom is a great space for either a bedroom or work from home office! You will enjoy Allendale Park and nearby Oak Park for some exercise and great playgrounds, trails, and bike routes. Olde Town Arvada is a quick 7 minute drive to enjoy restaurants, bars and seasonal farmer's market. Easy access to I-70 or hop on the G-line light rail to downtown Denver. You are going to love living here! 6310 Oak Street, Arvada, Colorado 80004
Comparative Market Analysis
10734 W 63rd Place 206 Arvada, CO 80004 MLS #2719058 $320,000 2 Beds 2.00 Baths 935 Sq. Ft. ($342 / sqft) CLOSED 8/22/22 Year Built 1999 Days on market: 2 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 8
Comparable Home MLS #4756120 10734 W 63rd Place 202 Arvada, CO 80004 $320,000 CLOSED 8/24/22 2 Beds 2.00 Baths Days on market: 32 935 Sq. Ft. ($342 / sqft) Year Built 1999 Features Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer Association Amenities: Park Association Fee Frequency: Monthly Association Fee Includes: Capital Reserves, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: Grace Place II Association Phone: (303) 457 1444 Association Yn: true Building Area Source: Public Records Concessions: No Construction Materials: Brick, Concrete, Frame, Rock Cooling: Central Air Exterior Features: Balcony Fireplace Features: Gas, Gas Log, Living Room Fireplaces Total: 1 Flooring: Carpet, Laminate, Linoleum Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, Laminate Counters, Open Floorplan, Primary Suite, Vaulted Ceiling(s), Walk In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan Living Area Total: 935 Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 2 Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: SECTION 09 TOWNSHIP 03 RANGE 69 QTR NE SUBDIVISIONCD 293465 012BLDGGRASUBDIVISIONNAMECEPLACEIICONDO121STSUPPBLOCKLOT0202TRACT Tax Year: 2020 Water Source: Public Window Features: Double Pane Windows, Window Coverings Details Prop Type: Condominium County: Jefferson Subdivision: Grace Place Full baths: 2 0 Lot Size (sqft): List date: 6/24/22 Sold date: 8/24/22 Off-market date: 7/26/22 Updated: Aug 24, 2022 9:18 AM List Price: $325,000 Orig list price: $350,000 Assoc Fee: $195 Taxes: $1,614 School District: Jefferson County R-1 High: Arvada West Middle: Drake Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 9
Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 10
Beautifully updated west-facing condo in the Grace Place subdivision just minutes away from Olde Town Arvada!
Elementary: Allendale Remarks PRICE DROP!
This naturally lit 2 BDRM, 2 BTH, 935 SF condo invites you into the open living space, ideal for hanging out or catching up with friends and family. Gas fireplace and new lighting allow you to create any ambiance and bring warmth to the home. The kitchen offers a new SS refrigerator, wrap-around countertops , and updated cabinetry making storage and meal prep easy. New sinks, new ceiling fans, hardwood plank flooring, new AC unit (still under warranty) and newer water heater and furnace all give peace of mind. Owners suite with a walk-in closet, and ensuite bath is the perfect space for the owner to relax and recharge and makes getting ready for the day a breeze. The second bedroom is great for any space you need, from another bedroom to a work-from-home space! Adjacent full bath is an added bonus!In-unit laundry takes on all your laundry needs. Balcony off the living space allows the owner to enjoy the beautiful Colorado weather and offers convenient outdoor storage space. Allendale park and nearby Oak Park provide great opportunities to get in some fresh air and exercise for adults and kids with many playgrounds, trails and bike routes. 7-minute drive to Olde Town Arvada to experience the local scene consisting of amazing restaurants, bars, seasonal farmer's market, and much more! It's easy getting around town with close access to I70, or hop on the G-line light rail into downtown Denver or head west into Golden. These units are rare, so come check out this don't miss opportunity!
10734 W 63rd Place 202 Arvada, CO 80004 MLS #4756120 $320,000 2 Beds 2.00 Baths 935 Sq. Ft. ($342 / sqft) CLOSED 8/24/22 Year Built 1999 Days on market: 32 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 11
Comparable Home MLS #2227656 10784 W 63rd Place 203 Arvada, CO 80004 $317,900 CLOSED 8/4/22 2 Beds 2.00 Baths Days on market: 12 935 Sq. Ft. ($340 / sqft) Year Built 1999 Features Appliances: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Range, Range Hood, Refrigerator, Washer Association Fee Frequency: Monthly Association Name: Grace Place ll Condominium Association C/o Homeste Association Phone: 303-457 1444 Association Yn: true Concessions: No Construction Materials: Frame Cooling: Central Air Exterior Features: Balcony Flooring: Carpet, Laminate Heating: Forced Air Levels: Three Or More Listing Terms: Cash, Conventional Living Area Total: 935 Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Features: Asphalt Parking Total: 2 Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: SECTION 09 TOWNSHIP 03 RANGE 69 QTR NE SUBDIVISIONCD 293460 02BLDGGRASUBDIVISIONNAMECEPLACEIICONDO13BLOCK013LOT03TRACT Tax Year: 2020 Virtual Tour: View Water Source: Public Details Prop Type: Condominium County: Jefferson Subdivision: Grace Place Full baths: 2 0 Lot Size (sqft): List date: 6/16/22 Sold date: 8/4/22 Off-market date: 7/12/22 Updated: Aug 17, 2022 5:51 AM List Price: $309,900 Orig list price: $309,900 Assoc Fee: $195 Taxes: $1,714 School District: Jefferson County R-1 High: Arvada West Middle: Drake Elementary: Allendale Remarks Imagine having your morning coffee on the west facing balcony of this very well maintained second floor Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 12
condo. This unit is has ample cabinet space, a large master suite with full attached bath, and another full bathroom is just across a spacious second bedroom. The lot has ample parking right in front of the unit Allendale Park is only a 5 minute walk away. Less than 10 minutes from Olde Town Arvada, you don't want to miss this gem! Schedule your showing today! Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 13
10784 W 63rd Place 203 Arvada, CO 80004 MLS #2227656 $317,900 2 Beds 2.00 Baths 935 Sq. Ft. ($340 / sqft) CLOSED 8/4/22 Year Built 1999 Days on market: 12 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 14
Comparable Home MLS #3322662 10785 W 63rd Place 204 Arvada, CO 80004 $310,000 CLOSED 3/31/22 2 Beds 2.00 Baths 890 Sq. Ft. ($348 / sqft) Features Concessions: No Living Area Total: 890 Structure Type: Low Rise (1-3) Tax Legal Description: SECTION 09 TOWNSHIP 03 RANGE 69 QTR N2 SUBDIVISIONCD 291600 L10GRASUBDIVISIONNAMECEPLACECONDO785W63RDPLBLOCKOT0204TRACT Tax Year: 2020 Details Prop Type: Condominium County: Jefferson Lot Size (sqft): Off-market date: 3/31/22 Updated: Apr 1, 2022 1:57 PM Assoc Fee: $204 Taxes: $1,353 Remarks only input for Comp purposes. Photo not available Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 15
Comparable Home MLS #4483743 6350 Oak Street 203 Arvada, CO 80004 $340,000 CLOSED 4/7/22 2 Beds 2.00 Baths Days on market: 4 893 Sq. Ft. ($381 / sqft) Year Built 1985 Features Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer Association Fee Frequency: Monthly Association Fee Includes: Exterior Maintenance w/out Roof, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water Association Name: 4 Seasons Management & Realty Group Association Phone: 3039524004 Association Yn: true Building Area Source: Public Records Concessions: No Construction Materials: Concrete, Frame, Wood Siding Cooling: Central Air Direction Faces: Southwest Exterior Features: Balcony Fireplace Features: Wood Burning Fireplaces Total: 1 Flooring: Carpet, Laminate Heating: Forced Air, Natural Gas, Wood Stove Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, VA Loan Living Area Total: 893 Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 2 Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit Roof: Composition Security Features: Carbon Monoxide Detector(s), Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3) Tax Legal Description: SECTION 09 TOWNSHIP 03 RANGE 69 QTR N2 SUBDIVISIONCD 293450 GRASUBDIVISIONNAMECEPLACEAMD FLG 6 PARCEL A LOT 1C BLOCK LOT 0203 TRACT Tax Year: 2020 Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available Water Source: Public Details Prop Type: Multi-Family County: Jefferson Subdivision: Grace Place Full baths: 2 0 Lot Size (sqft): List date: 3/10/22 Sold date: 4/7/22 Off-market date: 3/14/22 Updated: Apr 7, 2022 9:19 AM List Price: $295,000 Orig list price: $295,000 Assoc Fee: $186 Taxes: $681 School District: Jefferson County R-1 High: Arvada West Middle: Drake Elementary: Allendale Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 16
Remarks Dont miss out on this charming 2 bedroom and 2 full bathroom condo at Grace Place Condominiums in Arvada! Located near Arvada West, Oak Park and Olde Town Arvada. It is situated in one of the best Denver Metro locations! Natural light pours into this condo. The bright living room will fit all your large furniture and is open to the kitchen and dining area. Main living area features an open floor plan and a cozy fireplace in the living room. The kitchen and dining room floors have been updated. All appliances are included and less than 5 years old! The dining room features additional cabinets and countertops for extra storage! Two spacious bedrooms, including a HUGE master suite with walk in closet and master bathroom with updated light fixtures and large soaking tub! Washer/Dryer set is also included in the sale! This home wont last long so come and take a look today! Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 17
6350 Oak Street 203 Arvada, CO 80004 MLS #4483743 $340,000 2 Beds 2.00 Baths 893 Sq. Ft. ($381 / sqft) CLOSED 4/7/22 Year Built 1985 Days on market: 4 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 18
Comparable Property Statistics S 5 Sold Listings LOWEST $310,000 AVERAGE $321,580 HIGH $340,000 AVG PRICE / SQFT $351 AVG DOM 12 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 19
Sold Property Analysis Averages 103.3% Homes sold for an average of 103.3% of their list price. 12 Days on market It took an average of 12 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 10734 W 63rd Place 206 $315,000 $320,000 101.59% 2 $342 10734 W 63rd Place 202 $350,000 $320,000 91.43% 32 $342 10784 W 63rd Place 203 $309,900 $317,900 102.58% 12 $340 10785 W 63rd Place 204 $310,000 $348 6350 Oak Street 203 $295,000 $340,000 115.25% 4 $381 Averages $317,475 $321,580 101.29% 12 $351 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 20
Summary of Comparable Properties S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 10734 W 63rd Place 206 8/22/22 2 2.00 935 $320,000 $342 10734 W 63rd Place 202 8/24/22 2 2 00 935 $320,000 $342 10784 W 63rd Place 203 8/4/22 2 2.00 935 $317,900 $340 10785 W 63rd Place 204 3/31/22 2 2 00 890 $310,000 $348 6350 Oak Street 203 4/7/22 2 2 00 893 $340,000 $381 Averages 917 $321,580 $351 Comparative Market Analysis 6310 Oak Street, Arvada, Colorado 80004 Tanya Lopez-Portillo Cell: 7209379710 21
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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.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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.
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
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at Keller Williams Integrity PRICINGINTELLIGENT&TIMING
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.
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. (IN
TIME ON MARKET
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.
at Keller Williams Integrity
WEEKS) ACTIVITY 1 2 3 4 5 6
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.
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.
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