Copyright: Summit 2024 All rights reserved. This is a broker price opinion or comparative market analysis and should not be considered an appraisal. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation
Researched and prepared by Cindy MacGray & Charis Petty Prepared exclusively for Marin Shanahan Prepared on May 17, 2024
Subject Property 1960 Montview LANE
Steamboat Springs, CO 80487
Cindy MacGray & Charis Petty
Steamboat Real Estate Professionals, LLC
Steamboat Springs, CO 80477 (970) 846-0342 cindy@steamboatrp.com
1960 Montview LANE
Steamboat Springs, 80487
CMA Price Adjustments
This page outlines the subject property versus comparables properties
Subject Property
1960 Montview LANE MLS# Status
750 Mauna Kea LANE SS6179615
List Price Sold Price Square ft 2,001 at $500/sf = $1,000,500 LP/SqFt SP/SqFt
Prop Type Residential Sub-Type Single Family
# Bedrooms 3 $25k/bed
# Full Baths 2 $15k/bath
# 3/4 Baths
# 1/2 Baths 1
Year Built 1976
Liv Area SF 2001
Construction Frame, Metal Siding Roof New metal roof
Laundry In garage
Garage 2 Car Garage, Attached, Garage Attached
Acreage 0.68 - $1mm = $1,470,000/ac Contract Date View Mountains, Ski Slopes, Valley
Hot Water, Natural Gas
Heating Gas Sewer/Septic Public Sewer Tax Amount 2395
$38,440 $1,833,440 $1,795,000
Friday, May 17, 2024
Heating
Water
Kitchen LR DR
Potential for caretaker unit yes -
Complete Remodel
Amenities no HOA no Single Family 500000 Price Total Adjustments Adjusted Price Adjust Details 1352 Manitou AVENUE SS1047973 Pending $1,890,000 2,240 -119,500 $843.75 $843.75 Residential Single Family 3 2 0 1 0 0 0 1993 0 2,240 0 Other-See Remarks, Frame 0 Metal 0 Dryer, Main Level, Washer -10,000 2 Car Garage, Attached 0 0.24 478,280 3/19/2024 12:00:00AM Mountains 0 Forced Air, Hot Water 0 Gas 0 Connected to Sewer 0 $5,025.68 0 100,000 yellow & red Yes 100,000 No No No No Yes $548,780 $2,438,780 $1,890,000 Adjust Details
Sold
Residential Single Family 3 2 0 0 0 0 0 2001 0 2,703 0 Traditional, Concrete 0 Composition, Membrane 0 Laundry Closet -10,000 2 Car Garage, Attached, Garage Attached 0 0.53 220,500 1/27/2024 12:00:00AM City, Mountains 0 Baseboard, Hot Water, Natural Gas, Radiant Floor 0 0 Community 0 $4,906.48 0 100,000 No No Yes 100,000 No No No No Yes
Researched
prepared
Steamboat Real Estate Professionals, LLC
Short Term Rental ZoneGreen Zone Bathroom Remodel no
Remodel yes - $100,000
$100,000
no
$1,795,000 $1,795,000 2,703 -372,060 $664.08 $664.08
and
by Cindy MacGray
1960 Montview LANE
Steamboat Springs, 80487
CMA Price Adjustments
This page outlines the subject property versus comparables properties
Subject Property
List Price Sold Price Square ft 2,001 at $500/sf = $1,000,500 LP/SqFt SP/SqFt Prop Type Residential Sub-Type Single Family
# Bedrooms 3 $25k/bed
# Full Baths 2 $15k/bath
# 3/4 Baths
# 1/2 Baths 1
Year Built 1976
Liv Area SF 2001
Construction Frame, Metal Siding Roof New metal roof
Laundry In garage
Garage 2 Car Garage, Attached, Garage Attached
Acreage 0.68 - $1mm = $1,470,000/ac Contract Date
View Mountains, Ski Slopes, Valley
2395
$2,035,570 $1,975,000
Friday, May 17, 2024
1960 Montview LANE MLS# Status
Water
Tax Amount
Heating Hot Water, Natural Gas
Heating Gas Sewer/Septic Public Sewer
Kitchen LR
Potential for caretaker
Complete
Amenities
HOA
Single Family 500000 Price Total Adjustments Adjusted Price Adjust Details 2000 Montview LANE SS5767884 Sold $2,000,000 $1,800,000 3,392 -737,230 $589.62 $530.66 Residential Townhouse 6 -75,000 4 -30,000 0 0 1 0 1994 0 3,392 0 Stucco 0 Composition 0 0 2 Car Garage, Attached, Garage Attached, Off Street Parking 0 0.07 352,800 7/2/2022 12:00:00AM Mountains, Ski Slopes 0 Hot Water, Natural Gas, Radiant, Radiant Floor, Steam 0 0 Public Sewer 0 $3,575.00 0 Green Zone No No No No No 500,000 No $10,570 $1,810,570 $1,800,000 Adjust Details 2010
SS5065616 Sold $2,150,000
-737,230
Townhouse 7 -100,000 5 -45,000 0 0 1 0 1994 0 2,388 0 Stucco, Mountain Contemporary 0 Composition 0 Laundry Closet -10,000 2 Car Garage, Attached, Garage Attached, Off Street 0 0.07 352,800 9/21/2023 12:00:00AM Mountains, Ski Slopes, Valley 0 Baseboard, Radiant 0 0 Public Sewer 0 $3,512.00 0 green zone No 100,000 No No No No 500,000 No $60,570
Researched
prepared
Steamboat Real Estate Professionals, LLC
Short Term Rental ZoneGreen Zone Bathroom Remodel no
DR Remodel yes - $100,000
unit yes - $100,000
Remodel no
no
no
Montview LANE
$1,975,000 3,392
$900.34 $827.05 Residential
and
by Cindy MacGray
1960 Montview LANE
Steamboat Springs, 80487
CMA Price Adjustments
This page outlines the subject property versus comparables properties
Subject Property
1960 Montview LANE
MLS# Status
List Price
Sold Price
Square ft 2,001 at $500/sf = $1,000,500
LP/SqFt
SP/SqFt
Prop Type Residential
Sub-Type Single Family
# Bedrooms 3 $25k/bed
# Full Baths 2 $15k/bath
# 3/4 Baths
# 1/2 Baths 1
Year Built 1976
Liv Area SF 2001
Construction Frame, Metal Siding
Roof New metal roof
Laundry In garage
Rock, Wood Siding
Composition
Dryer, Washer
Garage 2 Car Garage, Attached, Garage Attached
2 Car Garage, Attached, Garage Attached
Acreage 0.68 - $1mm = $1,470,000/ac
Contract Date
0.43
3/20/2024 12:00:00AM
View Mountains, Ski Slopes, Valley Heating Hot Water, Natural Gas Water Heating Gas
Sewer/Septic Public Sewer
Tax Amount 2395
Short Term Rental ZoneGreen Zone
Bathroom Remodel no
Kitchen LR DR Remodel yes - $100,000
Potential for caretaker unit yes - $100,000
Complete Remodel no Amenities no
no
Friday, May 17, 2024
HOA
Single Family 500000 Price Total Adjustments Adjusted Price Adjust Details
SS2270868 Sold $2,150,000
-287,500
Residential Single Family 4 -50,000 2 0 0 0 1 0 1999 0
0
271,750
Mountains, Ski Slopes, Water 0 Forced Air 0 Gas 0 Connected to Sewer 0 $3,500.00 0 100,000 red Yes 75,000 Yes 100,000 No -150,000 Yes No No Yes $49,250
Researched and prepared by Cindy MacGray Steamboat Real Estate Professionals, LLC
1215 Meadowood LANE
$2,168,893 2,576
$834.63 $841.96
2,576
Frame,
0
0
-10,000
0
$2,218,143 $2,168,893
Summary of Comparable Listings
This page summarizes the comparable listings contained in this market analysis.
$1,890,000 $1,925,779
Friday, May 17, 2024 Steamboat Springs, 80487 1960 Montview LANE Address Price Beds FB Pending Listings 3 $25k/bed Pend Date 1960 Montview LANE $/SqFt 2 $15k/bath Liv Ar SF 2001 Acres 0.68 - $1mm = $1,470,000/ac Yr Blt 1976 DOM 3/4B HB 1 0 $1,890,000 3 04/24/2024 1352 Manitou AVENUE $843.75 2 2,240 0.24 1993 35 1 0 Averages: 3 2 $1,890,000 $843.75 1993 0.24 35 2,240 0 1 Address Price Beds FB Sold Listings 3 $25k/bed Sold Date 1960 Montview LANE $/SqFt 2 $15k/bath Liv Ar SF 2001 Acres 0.68 - $1mm = $1,470,000/ac Yr Blt 1976 DOM 3/4B HB 1 0 $1,795,000 3 04/01/2024 750 Mauna Kea LANE $664.08 2 2,703 0.53 2001 3 0 0 $1,800,000 6 10/18/2023 2000 Montview LANE $530.66 4 3,392 0.07 1994 436 0 1 $1,975,000 7 12/29/2023 2010 Montview LANE $827.05 5 2,388 0.07 1994 37 0 1 $2,168,893 4 04/18/2024 1215 Meadowood LANE $841.96 2 2,576 0.43 1999 7 0 1 Averages: 5 3 $1,934,723 $715.94 1997 0.28 121 2,765 1 0
Median of Comparable Listings: Average of Comparable Listings: Median Low Average High Count $1,795,000 Comparable Price $1,890,000 $1,925,779 $2,168,893 5 Adjusted Comparable Price $1,810,570 $2,035,570 $2,067,301 $2,438,780 5 On Average,
'Sold' status comparable listings sold in 121 days for $1,934,723 Researched and prepared by Cindy MacGray Steamboat Real Estate Professionals, LLC
the
Steamboat Springs, 80487 1960
Number of Days On Market
This graph illustrates the number of days on market for the listings in this analysis.
Days On Market
Friday, May 17, 2024
0 50 100 150 200 250 300 350 400 450 SS1047973 SS6179615 SS5767884 SS5065616 SS2270868 DOM MLS# Days On
Montview LANE
Market
Researched and prepared
Steamboat Real Estate Professionals, LLC
by Cindy MacGray
This graph illustrates the list price, along with sale price in Sold listings.
List Price and Sale Price
Friday, May 17, 2024
Steamboat Springs, 80487
0K 400K 800K 1200K 1600K 2000K 2400K SS1047973 SS6179615 SS5767884 SS5065616 SS2270868 List Price Sold Price MLS# Price Price
Researched and prepared by Cindy
Steamboat Real Estate Professionals, LLC
1960 Montview LANE
Graph
MacGray
Brief Summary of Compared Listings
This report summarizes the comparable listings contained in this market analysis
Friday, May 17, 2024 Steamboat Springs, 80487 1960 Montview LANE
Address L/S Price Bds Bth SqFt Tot MLS# DOM Stat Date Prop Sub Type Status: Pending Yr Blt 3 Single Family 1352 Manitou AVENUE $1,890,000 SS104797 3 04/24/2024 2/0 2,240 35 1993 2,240 $1,890,000 3 35 Averages: 3/1 1993 Address L/S Price Bds Bth SqFt Tot MLS# DOM Stat Date Prop Sub Type Status: Sold Yr Blt 3 Single Family 750 Mauna Kea LANE $1,795,000 SS617961 5 04/01/2024 2/0 2,703 3 2001 6 Townhouse 2000 Montview LANE $1,800,000 SS576788 4 10/18/2023 4/1 3,392 436 1994 7 Townhouse 2010 Montview LANE $1,975,000 SS506561 6 12/29/2023 5/1 3,392 37 1994 4 Single Family 1215 Meadowood LANE $2,168,893 SS227086 8 04/18/2024 2/1 2,576 7 1999 3,016 $1,934,723 5 121 Averages: 3/1 1997 Summary Status Total Avg $ Per SqFt Avg Price Avg CDOM High Low Median Pending 1 $1,890,000 $1,890,000 $1,890,000 $1,890,000 35 $843.75 Sold 4 $1,934,723 $1,887,500 $1,795,000 $2,168,893 121 $715.94 $1,925,779 $1,890,000 $1,795,000 5 $2,168,893 104 Total $741.50 Researched and prepared by Cindy MacGray Steamboat Real Estate Professionals, LLC
Steamboat Springs, 80487 1960
CMA Map Layout
This page displays the Map for the CMA Subject and your comparables.
2024
Friday, May 17,
1960 Montview LANE 1 1352 Manitou AVE 2 750 Mauna Kea LN
2000 Montview LN 4 2010 Montview LN
1215 Meadowood LN
Steamboat Real Estate Professionals, LLC
Montview LANE
3
5
Researched and prepared by Cindy MacGray
1960 Montview LANE
Steamboat Springs, 80487
Sources of Buyers
This page illustrates the primary sources of buyers for your property
When you want a buyer, come to us first
There are several excellent reasons for selecting a professional Real Estate Agent to handle the sale of your property. For starters, our long-standing real estate expertise gives us the ability to network with other firms’ agents to promote your property to the widest possible audience, including the Internet. Selling your property depends on a lot more than advertising and signage – it takes referrals, word-of-mouth advertising, and networking.
Friday, May 17, 2024
Steamboat Real Estate Professionals, LLC
Researched
and prepared by Cindy MacGray
1960 Montview LANE
Steamboat Springs, 80487
Setting the Price
This chart highlights the importance of pricing correctly at market value
When setting a price for your property, the listing level must strike a balance between the seller’s need to achieve the best-possible return and the buyer’s need to get good value With many years of experience, a professional Real Estate Agent can help you set a price that will accomplish both objectives.
Establishing market value
The market value of your property is determined in exactly the same way as any other commodity – what a buyer is willing to pay for it in today’s market. Despite the price you paid originally, or the value of any improvements you may have made, the value is determined by market forces.
Look at the competition
Buyers look at about a dozen properties on average before making an offer on a property. As a result, they have a good overview of the market and will compare your property against the competition. If it’s not in line with similar properties that are available, buyers won’t consider it good value for money.
Friday, May 17, 2024
Researched and prepared by
Steamboat Real Estate Professionals, LLC
Cindy MacGray
Market Analysis Explanation
This is an explanation and overview of this market analysis
This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear
This market analysis is divided into three categories:
1. Comparable homes that are currently for sale
2. Comparable homes that were recently sold
3. Comparable homes that failed to sell
Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home.
Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.
Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers
This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.
Friday, May 17, 2024
Steamboat Springs, 80487 1960 Montview LANE
Researched and prepared by
Steamboat Real Estate Professionals, LLC
Cindy MacGray
