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MarComparativeketAnalysis 5644 South Buchanan Street, Aurora, Colorado 80016 New comparative market analysis for Tesfay AUGUST 15, 2022 Christopher Wanless The Bartic Group
5644 S Buchanan St, Aurora, CO 80016-5846, Arapahoe County APN: 2071-18-3-01-001 CLIP: 5072225214 MLS Beds 6 MLS Full Baths 2 Half Baths N/A MLS Sale Price $716,000 MLS Sale Date 01/14/2022 MLS Sq Ft 3,467 Lot Sq Ft 6,098 Yr Built 2008 Type SFR OWNER INFORMATION Owner Name Montoya Amy E Mailing ZIP 4 5846 Mailing Address 5644 S Buchanan St Mailing Carrier Route R035 Mailing City & State Aurora, CO Owner Occupied Yes Mailing Zip 80016 LOCATION INFORMATION Property Zip 80016 Topography Flat/Level Property Zip4 5846 Neighborhood Code 2020 2020 Property Carrier Route R035 Township 05S School District Cherry Creek 5 Range 65W Elementary School Buffalo Trail Section 18 Middle School Infinity Quarter SW High School Cherokee Trail Block 1 Subdivision Sorrel Ranch Sub 1st Flg Lot 1 Census Tract 71.06 TAX INFORMATION PIN 2071 18 3 01 001 % Improved 62% Alternate PIN 034479121 Tax District 1377 Schedule Number 207118301001 Legal Description LOT 1 BLK 1 SORREL RANCH SU B 1ST FLG ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $202,500 $174,800 $174,800 Market Value Improved $325,900 $324,400 $324,400 Market Value Total $528,400 $499,200 $499,200 Assessed Value Land $14,479 $12,498 $12,498 Assessed Value Improved $23,302 $23,195 $23,195 Assessed Value Total $37,781 $35,693 $35,693 YOY Assessed Change (%) 5 85% 0% YOY Assessed Change ($) $2,088 $0 Tax Year Total Tax Change ($) Change (%) 2019 $4,859 2020 $4,489 $370 7 62% 2021 $4,720 $231 5 15% CHARACTERISTICS Lot Acres 0 14 MLS Total Baths 4 Lot Sq Ft 6,098 Baths Full Tax: 4 MLS: 2 Land Use County Single Family Resid Baths Half MLS: 1 Land Use CoreLogic SFR Stories 2 Building Type Single Family Fireplace Y Year Built 2008 Fireplaces 1 Bldg Sq Ft Above Ground 2,311 Cooling Type Central Bldg Sq Ft Basement 1,156 Heat Fuel Type Gas Bldg Sq Ft Finished Basement 1,084 Heat Type Forced Air Bldg Sq Ft Unfinished Basement 72 Patio Type Deck Bldg Sq Ft Finished Tax: 3,395 MLS: 3,467 Garage Type Attached Garage Bldg Sq Ft 1st Floor 1,156 Garage Capacity MLS: 2 Bldg Sq Ft 2nd Floor 1,155 Garage Sq Ft 441 Basement Type Tax: Partial Finished MLS: Slab Roof Material Asphalt Shingle # Buildings 1 Exterior Wood Siding Property Details Courtesy of Christopher Wanless, REcolorado Generated on:08/15/22 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 Tax: 3 MLS: 6 Foundation Concrete Baths Total 4 Quality Good FEATURES Feature Type Size/Qty Basement Finish 1,120 Deck 100 Patio Slab Or Terrace 130 Basement Finish Covered Porch 133 Second Floor 1,155 First Floor 1,156 Attached Garage 441 Basement Total 1,156 SELL SCORE Rating Low Value As Of 2022-08-14 05:02:38 Sell Score 446 LISTING INFORMATION MLS Listing Id 4439167 MLS Close Price $716,000 MLS Days On Market 4 MLS Listing Contract Date 12/17/2021 MLS Source REcolorado MLS Close Date 01/14/2022 MLS Status Closed MLS List Office Name BROKERS GUILD HOMES MLS Status Change Date 01/14/2022 MLS List Agent Full Name 008059 Derar Mehari MLS Current Price $710,000 MLS Buyer Agent Full Name 049409 Bryan Molaska MLS Original List Price $710,000 MLS Buyer Office Name REALTY ONE GROUP PREMIER MLS Listing # 2468720 MLS Source History REcolorado MLS Status Closed MLS Listing Price $449,000 MLS Orig Listing Price $449,000 MLS Listing Close Price $450,000 MLS Listing Date 03/14/2017 MLS Close Date 03/31/2017 LAST MARKET SALE & SALES HISTORY Sale Date 01/14/2022 Deed Type Special Warranty Deed Sale Price $716,000 Owner Name Montoya Amy E Price per SqFt Finished $210 90 Seller Teklehaymanot Tesfay Document Number E2007160 Sale Date 01/14/2022 03/31/2017 11/10/2015 05/29/2008 10/07/2004 Sale Price $716,000 $450,000 $471,840 Nominal Y Y Buyer Montoya Amy E Teklehaymanot Tesfay Ghaston Robin W Ghaston Robin W Tousa Homes Inc Buyer Asfaha Freweyni Ghaston Caroline D Seller Teklehaymanot Tesfay Ghaston Robin W Ghaston Caroline D Tousa Homes Inc Gmac Model Home Fin ance Inc Document Number E2007160 D7038369 D5131857 B8061933 B4182291 Document Type Special Warranty Deed Warranty Deed Quit Claim Deed Warranty Deed Special Warranty Deed Title Company Heritage Title Co First Integrity Title Land Title Guarantee Universal Land Title Universal Land Title Multi/Split Sale Type Multiple MORTGAGE HISTORY Mortgage Date 01/19/2022 04/04/2017 11/17/2015 12/17/2012 02/09/2011 Mortgage Amount $692,103 $360,000 $325,395 $230,000 $231,500 Mortgage Lender Cardinal Fin'l Co Lp Fairway Independent M tg Corp Nova Fin'l & Inv Corp Home Fin/America Innovative Lndg Solutions Borrower Montoya Amy E Teklehaymanot Tesfay Ghaston Robin W Ghaston Robin W Ghaston Robin W Borrower Asfaha Freweyni Ghaston Caroline D Ghaston Caroline D Mortgage Type Fha Conventional Va Conventional Conventional Mortgage Purpose Resale Resale Nominal Refi Refi Mortgage Term 30 30 30 30 30 Property Details Courtesy of Christopher Wanless, REcolorado Generated on:08/15/22 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
Mortgage Term Years Years Years Years Years Title Company Transtar Nat'l Title Cherry Creek Title Mortgage Date 06/02/2008 03/19/2007 Mortgage Amount $230,200 $800,000,000 Mortgage Lender Preferred Hm Mtg Co Citicorp N America Inc Borrower Ghaston Robin W Tousa Homes Inc Borrower Ghaston Caroline D Mortgage Type Conventional Conventional Mortgage Purpose 1st Time Sale Nominal Mortgage Term 30 Mortgage Term Years Title Company Universal Land Title PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Christopher Wanless, REcolorado Generated on:08/15/22 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 P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 5644 S Buchanan St 3 4.00 2,311 2 1705731 A 23908 E Powers Drive 4 3.00 2,310 $650,000 3 4593200 A 23882 E Garden Drive 4 4 00 2,319 $620,000 4 6538622 P 5593 S Coolidge Court 4 3.00 1,732 $699,000 5 9420740 S 23785 E Powers Drive 3 3.00 2,094 $710,000 6 5848605 S 23918 E Alamo Place 3 3.00 2,706 $664,900 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 4
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 23908 E Powers Drive 4 3.00 2,310 $650,000 $281 23882 E Garden Drive 4 4 00 2,319 $620,000 $267 Averages 2,314 $635,000 $274 P PENDING LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 5593 S Coolidge Court 4 3.00 1,732 $699,000 $404 Averages 1,732 $699,000 $404 S SOLD LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 23785 E Powers Drive 4/18/22 3 3.00 2,094 $710,000 $339 23918 E Alamo Place 8/4/22 3 3.00 2,706 $664,900 $246 Averages 2,400 $687,450 $292 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 5
Listings Christopher Wanless The Bartic Group
23908 E Powers Drive Aurora, CO 80016 MLS #1705731 $650,000 4 Beds 3.00 Baths 2,310 Sq. Ft. ($281 / sqft) ACTIVE 8/5/22 Year Built 2005 Days on market: 10 Details Prop Type: Single Family Residence County: Arapahoe Subdivision: Sorrel Ranch Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 5,663 Garages: 3 List date: 8/5/22 Updated: Aug 4, 2022 7:15 PM List Price: $650,000 Orig list price: $650,000 Assoc Fee: $96 Taxes: $4,366 School District: Cherry Creek 5 High: Cherokee Trail Middle: Infinity Elementary: Buffalo Trail Features Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator Association Amenities: Pool Association Fee Frequency: Monthly Association Fee Includes: Recycling, Trash Association Name: Sorrel Ranch HOA Association Phone: (720) 941-9200 Association Yn: true Basement: Full, Interior UnfinishedEntry/Standard, Below Grade Unfinished Area: 975.0 Building Area Source: Public Records Construction Materials: Brick, Frame, Wood Siding Cooling: Central Air Exterior Features: Private Yard Fencing: Full Fireplace Features: Family Room, Gas Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Heating: Forced Air Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, High Ceilings, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s) Laundry Features: Laundry Closet Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 7
Living Area Total: 2310 Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Parking Features: Tandem Parking Total: 3 Patio And Porch: Front Porch, Patio Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 4 BLK 3 SORREL RANCH SUB 2ND FLG Tax Year: 2021 Water Source: Public Window Features: Window Coverings Remarks *WELCOME HOME TO THIS UPDATED SORREL RANCH STUNNER FEATURING THE COVETED FLOORPLAN OF 4 BEDROOMS, 3 BATHS, PLUS A LOFT & MAIN FLOOR STUDY!*KITCHEN RENOVATION IS IN PROGRESS~3D WALKTHROUGH TOUR WILL BE DONE SOON WITH UPDATED PICS*CHARMING CRAFTSMAN EXTERIOR FEATURING RED BRICK, SHUTTERS & INVITING FRONT PORCH*SOARING FOYER WELCOMES YOU IN WITH PRIVATE STUDY TO YOUR RIGHT WITH QUAINT TRANSEM WINDOW & FRENCH DOORS*FORMAL DINING ROOM WITH PASS THROUGH INTO FAMILY ROOM GIVES AN EFFORTLESS FLOW~PERFECT FOR ENTERTAINING INSIDE & OUT*OPEN CONCEPT FAMILY ROOM SURROUNDED BY LARGE WINDOWS FOR NATURAL LIGHT GALORE DURING THE DAY & SPACE TO COZY UP AROUND THE GAS FIREPLACE AT NIGHT*FAMILY ROOM OPENS TO EAT-IN KITCHEN BOASTING AMPLE CABINET STORAGE, WHITE COUNTERTOPS, DESIGNER TILE BACKPLASH, ON TREND GRAPHITE APPLIANCES & PANTRY~SPACE TO ADD MOBILE ISLAND~OPTIONS TO MAKE IT YOUR OWN ARE ENDLESS!*HEAD UPSTAIRS TO THE SECLUDED PRIMARY BEDROOM FEATURING A SPACIOUS FIVE PIECE EN-SUITE BATH & WALK-IN CLOSET!*THREE SECONDARY UPPER LEVEL BEDROOMS, FULL BATH OFF HALLWAY & BONUS LOFT PERFECT FOR SECOND FAMILY ROOM, PLAY ROOM, OFFICE, LIBRARY, EXERCISE ROOM, TEEN SPACE & BEYOND~USE TO SUIT!*NEARLY 1000 SQUARE FEET IN UNFINISHED BASEMENT COMPLETE WITH INSULATION, EGRESS WINDOWS & THE BONES FOR YOUR PERSONAL EXPANSION OR STORAGE OF YOUR DREAMS!*YOU WILL FALL IN LOVE WITH THE PROFESSIONALLY LANDSCAPED BACKYARD BOASTING A TASTEFUL STAMPED CONCRETE PATIO IDEAL FOR HAPPY HOURS, SUMMER GRILL OUTS OR DINING AL FRESCO!*MATURE TREES & LANDSCAPING PROVIDE THE PRIVACY & SHADE YOU ARE LOOKING FOR WHILE NOT COMPROMISING YARD SPACE OR ROOM FOR ACTIVITIES!*CRISP WHITE TRIM, NEUTRAL DESIGNER PAINT, BLACK HARDWARE, GLEAMING HARDWOOD FLOORS, PLUSH CARPET~TRULY TURN KEY!*ATTACHED THREE CAR TANDEM GARAGE*AWARD WINNING CHERRY CREEK SCHOOLS*CLOSE PROXIMITY TO E470, DIA, BUCKLEY AFB, AURORA RESERVOIR, TRAILS, POPULAR GOLF COURSES, UPSCALE SHOPPING & DINING AT SOUTHLANDS & MORE*YOU WON'T WANT TO MISS THIS ONE! Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 8
23908 E Powers Drive Aurora, CO 80016 MLS #1705731 $650,000 4 Beds 3.00 Baths 2,310 Sq. Ft. ($281 / sqft) ACTIVE 8/5/22 Year Built 2005 Days on market: 10 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 9
23882 E Garden Drive Aurora, CO 80016 MLS #4593200 $620,000 4 Beds 4.00 Baths 2,319 Sq. Ft. ($267 / sqft) ACTIVE 5/13/22 Year Built 2005 Days on market: 70 Details Prop Type: Single Family Residence County: Arapahoe Subdivision: Sorrel Ranch Sub 2nd Flg Style: Traditional Full baths: 2 0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 5,227 Garages: 2 List date: 5/13/22 Updated: Aug 2, 2022 8:41 AM List Price: $620,000 Orig list price: $650,000 Assoc Fee: $88 Taxes: $4,337 School District: Cherry Creek 5 High: Cherokee Trail Middle: Infinity Elementary: Buffalo Trail Features Appliances: Dishwasher, Disposal, Oven, Range Association Amenities: Pool Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds Association Name: WEST STAR MANAGEMENT Association Phone: 720.941.9200 Association Yn: true Basement: Partial Building Area Source: Public Records Construction Materials: Stone, Wood Siding Cooling: Central Air Fireplace Features: Family Room, Gas Fireplaces Total: 1 Flooring: Vinyl Furnished: Unfurnished Heating: Forced Air, Hot Water Interior Features: Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Primary Suite Levels: Two Listing Terms: Cash, Conventional, FHA, Other, VA Loan Living Area Total: 3166 Lot Features: Level Main Level Bathrooms: 1 Main Level Bedrooms: 1 Parking Features: Concrete Parking Total: 2 Patio And Porch: Front Porch, Patio Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 10
Roof: ShinglesArchitectural Security Features: Carbon Monoxide Detector(s) Senior Community Yn: false Sewer: Public Sewer Spa Features: Steam Room Structure Type: House Tax Legal Description: LOT 10 BLK 5 SORREL RANCH SUB 2ND FLG Tax Year: 2021 Virtual Tour: View Water Source: Public Window Features: Window Treatments Remarks Impeccably maintained 4-bedroom 3.5 bath charmer in Sorrel Ridge. Gourmet kitchen features granite counter tops, cherry cabinets, gas stove and large island. Large sun filled family room has sweeping vaulted ceilings and a cozy fireplace. French doors welcome you into the private office with venetian plastered walls. Main floor master suite with five-piece bath and generous walk-in closet. Second floor being used as a billiards room great for entertaining but can be converted into a study space or a second office. Two second floor bedrooms share a spacious full bath. Finished basement includes large flex space, guest bedroom and guest bath with steam shower. Fully fenced backyard with patterned concrete patio is perfect for outdoor entertaining. Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 11
23882 E Garden Drive Aurora, CO 80016 MLS #4593200 $620,000 4 Beds 4.00 Baths 2,319 Sq. Ft. ($267 / sqft) ACTIVE 5/13/22 Year Built 2005 Days on market: 70 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 12
5593 S Coolidge Court Aurora, CO 80016 MLS #6538622 $699,000 4 Beds 3.00 Baths 1,732 Sq. Ft. ($404 / sqft) PENDING 7/31/22 Year Built 2006 Days on market: 11 Details Prop Type: Single Family Residence County: Arapahoe Subdivision: Sorrel Ranch Sub 2nd Flg Style: Contemporary Full baths: 3.0 Lot Size (sqft): 6,098 Garages: 4 List date: 7/20/22 Pending date: 7/31/22 Off-market date: 7/31/22 Updated: Aug 2, 2022 12:02 PM List Price: $699,000 Orig list price: $699,000 Assoc Fee: $96 Taxes: $4,473 School District: Cherry Creek 5 High: Cherokee Trail Middle: Infinity Elementary: Buffalo Trail Features Appliances: Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Smart Appliances, Sump Pump, Washer Association Amenities: Clubhouse, Pool Association Fee Frequency: Monthly Association Fee Includes: Maintenance Grounds, Trash Association Name: Sorrel Ranch HOA, Inc Association Phone: 720-941-9200 Association Yn: true Basement: Finished, Sump Pump, Walk-Out Access Builder Name: Standard Pacific Homes Building Area Source: Public Records Common Walls: No Common Walls Construction Materials: Brick, Rock, Wood Siding Cooling: Central Air Direction Faces: Northeast Distance To Bus Numeric: 2 Distance To Bus Units: Miles Electric: 220 Volts Exterior Features: Garden, Private Yard, Rain Gutters Fencing: Full Fireplace Features: Gas, Gas Log, Living Room Fireplaces Total: 1 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 13
Flooring: Carpet, Wood Foundation Details: Concrete Perimeter Furnished: Unfurnished Green Energy Efficient: Appliances Heating: Forced Air Interior Features: Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Radon Mitigation System, Sauna, Smoke Free, Sound System, Utility Sink, Walk-In Closet(s), Wet Bar Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 3464 Lot Features: Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 3 Other Equipment: Home Theater Parking Features: 220 Volts, Concrete Parking Total: 4 Patio And Porch: Deck, Front Porch, Patio Pets Allowed: Cats OK, Dogs OK Property Condition: Updated/Remodeled Roof: Composition Security Features: Carbon Monoxide Detector(s), Radon Detector, Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Spa Features: Steam Room Structure Type: House Tax Legal Description: LOT 1 BLK 4 SORREL RANCH SUB 2ND FLG Tax Year: 2021 Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected View: Mountain(s) Virtual Tour: View Window Features: Double Pane Windows Zoning: Residential Remarks ***Great opportunity calls!! This whole house is made to entertain! Beautifully remodeled 4br/3bth Ranch Style Home in the desirable Sorrel Ranch Subdivision. Seated at corner lot with tons of upgrades. Spacious front porch, large enough to fit at least four seats and a fire pit with a surprisingly private feeling. Enter into the craftsman style home with art niches throughout house, and includes crown molding, 4.5 stacked base boards, high ceilings, recessed lights throughout, most on dimmers, hickory wood floors on main level, and plantation shutters. The main level also has the formal dinning room, and kitchen that feels amazing with upgraded maple cabinets and pull-out shelves in pantry, custom kitchen island granite semi-circular shape, upgraded appliance Suite Smart Capable -dishwasher is whisper quiet at 39 dB, that flows into a bright family room, and large laundry, you will also find three bedrooms and one more full bathroom. Impressive master suite with large ensuite, upgraded closet system in master bedroom and swan neck faucets in all main level bathrooms. You will love this walkout basement!!! It boast a wet bar with Corian counters, full refrigerator and convection microwave included. Enough room for a pool table (not included but would consider selling), bedroom with ensuite bathroom and a delightful sauna in it! The home theater that gloats a 71 surround sound!! Also Hunter Douglas cellular blinds with top down bottom up feature in basement and one more bonus room for whatever you would like! This house includes many more upgrades like a new patio in backyard with new concrete side stairway and outdoor pad for trash bins, upgraded drop down storage in garage for additional storage, extra full size refrigerator in garage, upgraded radon mitigation system, New A/C, upgraded sprinkler system and Certified Impact Resistant Roof (30 year). Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 14
5593 S Coolidge Court Aurora, CO 80016 MLS #6538622 $699,000 4 Beds 3.00 Baths 1,732 Sq. Ft. ($404 / sqft) PENDING 7/31/22 Year Built 2006 Days on market: 11 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 15
23785 E Powers Drive Aurora, CO 80016 MLS #9420740 $710,000 CLOSED 4/18/22 Details Prop Type: Single Family Residence County: Arapahoe Subdivision: Sorrell Ranch Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 5,663 Garages: 3 List date: 3/17/22 Sold date: 4/18/22 Off-market date: 3/19/22 List Price: $650,000 Orig list price: $650,000 Assoc Fee: $96 Taxes: $4,059 High: Cherokee Trail Middle: Infinity Elementary: Buffalo Trail Features Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven, Sump Pump Association Fee Frequency: Monthly Association Fee Includes: Recycling, Trash Association Name: Sorrell Ranch Association Phone: 720-941-9200 Association Yn: true Basement: Full, Sump Pump, Unfinished Below Grade Unfinished Area: 975.0 Building Area Source: Public Records Common Walls: No Common Walls Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 9000 Construction Materials: Frame, Rock, Stucco Cooling: Central Air Direction Faces: South Electric: 220 Volts Exterior Features: Private Yard, Rain Gutters Fencing: Full Fireplace Features: Family Room, Primary Bedroom Fireplaces Total: 2 Flooring: Carpet, Tile, Wood Foundation Details: Concrete Perimeter Furnished: Furnished Heating: Forced Air, Natural Gas Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 16
Horse Yn: false Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, High Ceilings, High Speed Internet, Open Floorplan, Smoke Free, Walk-In Closet(s) Laundry Features: In Unit Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2094 Lot Features: Master Planned, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Parking Features: Concrete, Exterior Access Door, Tandem Parking Total: 3 Patio And Porch: Front Porch, Patio Pets Allowed: Cats OK, Dogs OK Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 19, BLOCK 5, SORREL RANCH SUBDIVISION, 2ND FILING Tax Year: 2020 Utilities: Electricity Connected, Internet Access (Wired), Natural Gas Connected Vegetation: Grassed Virtual Tour: View Water Source: Public Window Features: Double Pane Windows, Window Coverings, Window Treatments Remarks Stunning Sorrell Ranch home with story-book curb appeal... Move in condition!! Great floor plan features beautiful hardwood floors throughout the main floor, soaring ceilings, two fireplaces, top quality window coverings and more. Main floor study with French doors, formal dining room and inviting family room with gas fireplace. Kitchen features all stainless appliances including gas stove, granite counters and ample room for kitchen table. Enjoy the convenience of the main floor laundry with great storage area. Stunning primary bedroom suite with sitting area and fireplace! Nicely appointed 5 piece primary bath with soaking tub and walk-in closet. Good sized, light filled secondary bedrooms. Upstairs hall bath has dual sinks. The basement has high ceilings and rough-in plumbing - ideal for finish. Perfect space for recreation, bedroom and bath! Beautifully landscaped yard with extended patio slabs - perfect for outdoor entertaining! Fully fenced and has sprinkler system. Fantastic Cherry Creek School system!! Close to the Southlands Mall shopping area, easy access to E 470 and the DIA. Don't miss this opportunity to call this your new home!! Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 17
23785 E Powers Drive Aurora, CO 80016 MLS #9420740 $710,000 3 Beds 3.00 Baths 2,094 Sq. Ft. ($339 / sqft) CLOSED 4/18/22 Year Built 2006 Days on market: 2 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 18
23918 E Alamo Place Aurora, CO 80016 MLS #5848605 $664,900 3 Beds 3.00 Baths 2,706 Sq. Ft. ($246 / sqft) Year Built 2008 Days on market: 38 Details Prop Type: Single Family Residence County: Arapahoe Subdivision: Sorrel Ranch Style: Traditional Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 5,532 Garages: 3 List date: 5/20/22 Sold date: 8/4/22 Off-market date: 7/17/22 Updated: Aug 4, 2022 7:22 AM List Price: $664,900 Orig list price: $675,000 Assoc Fee: $96 Taxes: $4,346 School District: Cherry Creek 5 High: Cherokee Trail Middle: Infinity Elementary: Buffalo Trail Features Appliances: Dishwasher, Disposal, Double Oven, Gas Water Heater, Microwave, Range, Refrigerator, Sump Pump Association Amenities: Park, Playground, Pool Association Fee Frequency: Monthly Association Fee Includes: Trash Association Name: Weststar Management Co Association Phone: 720-941-9200 Association Yn: true Basement: Unfinished Below Grade Unfinished Area: 10970 Builder Model: Ridgeway Builder Name: Richmond American Homes Building Area Source: Public Records Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 9200 Construction Materials: Cement Siding, Frame, Stone Cooling: Central Air Exterior Features: Gas Valve Fencing: Partial Fireplace Features: Family Room, Gas Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Heating: Forced Air Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 19
Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Primary Suite, Radon Mitigation System, Smoke Free, Solid Surface Counters, Tile Counters, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s) Levels: Two Listing Terms: Cash, Conventional, VA Loan Living Area Total: 2706 Lot Features: Level Main Level Bathrooms: 1 Parking Features: Concrete, Tandem Parking Total: 3 Patio And Porch: Front Porch, Patio Pets Allowed: Cats OK, Dogs OK, Number Limit Road Surface Type: Paved Roof: Cement Shake Security Features: Carbon Monoxide Detector(s), Radon Detector, Smoke Detector(s), Video Doorbell Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 5 BLK 2 SORREL RANCH SUB 6TH FLG Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available Water Source: Public Window Features: Window Coverings Zoning: R2 Remarks PRICE REDUCED TWICE! Beautiful and truly move-in ready. NEWLY refinished hardwoodswelcome youand flow from the entry to the back door, kitchen and hallways. Off the entry is a flex room which makes working from home a breeze! Dramatic 2-story great room filled with natural light, showcasing a stone fireplace with a beautiful mantle, flanked by built-in bookcases. The open great room flows easily into the chefs kitchenwhichincludes stainlessappliances, 5-burner gas cooktop, double ovens, abundant 42 staggered cabinets, NEW under cabinet lighting, granite counters, hardwood floors, task desk, expansive island great for large gatherings! Dual columns and tray ceiling elevate the formal dining room. Rounding out the main level is a half bath with hardwood floors, mud room with bench plus a large laundry room that will please anyone with a TON of cabinets, tile counters, tilefloor plus utility sink!Upstairsyou'll findan owners oasis in the large, privately situated primary suite with tray ceiling gently flowing into the luxury bathwith soaking tub, walk-in shower, tile floors and counters,dual sinks, spacious dressing area and a walk-in closet Down the hall are two more nicely appointed bedrooms which share a full bath with dual sinks, tile counters and floors. Three car tandem garagehas NEWERcustom lighting, workbench and built in cabinet. Room to GROW in thefullbasement! Backyard enjoys acustomstamped concrete patio, pergola, gas line foryourgrill and beautifully landscaped yard. Other "features"include8' doors, auto sprinklers, central A/C, ring video doorbell, sump pump, radon systemand even soft close commode seatsare in place. Quality, low maintenance constructionlikeconcrete board,veneer stone & concrete shingleswill be appreciated.DESIRABLESorrel Ranch includes a community pool, park, trails, close to Southlands shopping center and E470. Relax on your covered front porch and call this home, yours! Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016
Christopher Wanless The Bartic Group Cell: 720 837 4299
christopher@thebarticgroup com 20
23918 E Alamo Place Aurora, CO 80016 MLS #5848605 $664,900 3 Beds 3.00 Baths CLOSED 8/4/22 Year Built 2008 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 21
Analysis Christopher Wanless The Bartic Group
Comparable Property Statistics A 2 Active Listings P 1 Pending Listings S 2 Sold Listings LOWEST $620,000 AVERAGE $635,000 HIGH $650,000 AVG PRICE / SQFT $274 AVG DOM 40 LOWEST $699,000 AVERAGE $699,000 HIGH $699,000 AVG PRICE / SQFT $404 AVG DOM 11 LOWEST $664,900 AVERAGE $687,450 HIGH $710,000 AVG PRICE / SQFT $292 AVG DOM 20 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 23
Sold Property Analysis Averages 104.6% Homes sold for an average of 104 6% of their list price. 20 Days on market It took an average of 20 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 23785 E Powers Drive $650,000 $710,000 109 23% 2 $339 23918 E Alamo Place $675,000 $664,900 98.50% 38 $246 Averages $662,500 $687,450 103.77% 20 $292 Comparative Market Analysis 5644 South Buchanan Street, Aurora, Colorado 80016 Christopher Wanless The Bartic Group Cell: 720 837 4299 christopher@thebarticgroup com 24
PRICINGINTELLIGENT&TIMING
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
at Keller Williams Integrity
☐ The market never lies, but it can change its mind.
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.
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.
at Keller Williams Integrity
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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
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.
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.
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
ACTIVITY 1
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