at Keller Williams Integrity
The Bartic Group's Market Report Denver, CO REPORT FOR 11/4/2022 Single-Family Homes
Presented by Bartic Group 720-208-7200 info@thebarticgroup.com
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
This week the median list price for Denver, CO is $650,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 1,043.
Real-Time Market Profile Median List Price
$650,000
Market Action Index
Median Price of New Listings
$589,900
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$357
Average Days on Market
54
Median Days on Market
35
Price Decreased
60%
Price Increased
2%
Relisted
7%
Inventory
1,043
Median Rent
$2,695
Market Action
48
inventory. 50
40
Buyer's Market
60
Seller's Market
70
100
10 0
on
48
90
M
ay Tod th
Las t
80
20
30
Strong Seller's Market The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Strong Seller's Market
Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price
Sq. Ft.
Lot Size
Beds
Bath
Age
New
Absorbed
DOM
$1,584,250
3,950
4,500 - 6,500 sqft
4
4
23
26
28
35
$775,000
2,184
4,500 - 6,500 sqft
3
3
71
30
29
42
$575,000
1,935
6,500 - 8,000 sqft
3
2
67
33
31
35
$450,000
1,332
4,500 - 6,500 sqft
3
2
67
50
50
35
Fri Nov 04 2022
2 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
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. $850K
$800K
$750K
$700K
$650K
$600K
$550K Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
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. $2.5M
$2.0M
$1.5M
$1.0M
$500K
$0 Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
3 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
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. $425
$400
$375
$350
$325
$300
$275 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
Inventory
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 1K
1K
750
500
250
0 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
Fri Nov 04 2022
4 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Market Action Index
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 120
100
80
60
40
20 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
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. 120
100
80
60
40
20 Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
5 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Denver, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 45 days. Half of the listings have come newly on the market in the past 31 or so days. Watch the 90-day DOM trend for signals of a changing market. 80
60
40
20
0 Nov 2019
Mar 2020
Jul 2020
Nov 2020
Mar 2021
7-Day Average
Jul 2021
Nov 2021
Mar 2022
Jul 2022
Oct 2022
90-Day Average
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. 125
100
75
50
25
0 Nov 2019
Mar 2020
Jul 2020
Top 90-Day
Nov 2020
Mar 2021
Upper 90-Day
Jul 2021
Lower 90-Day
Fri Nov 04 2022
Nov 2021
Mar 2022
Jul 2022
Oct 2022
Bottom 90-Day
6 of 6
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Online Valuation Analysis How accurate are Zestimates?
3.4%
$45,900
Zestimates varied up to 3.4% or $45,900 compared to actual MLS prices.
A
2 Active
ADDRESS
735 Glencoe Street 780 Elm Street
S
PRICE
ZESTIMATE
DIFFERENCE
$939,000
$933,475
-0.6%
$1,985,000
$1,970,296
-0.7%
2 Sold
ADDRESS
SOLD DATE
SOLD PRICE
ZESTIMATE
DIFFERENCE
730 Dahlia Street
10/12/22
$900,000
$901,000
0.1%
725 Eudora Street
10/31/22
$1,340,000
$1,294,100
-3.4%
Source: Zillow
Logan Alpizar-Lopez Cell: 7204674044
3
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
A = ACTIVE
S = CLOSED
BEDS
BATHS
SQFT
PRICE
737 Eudora St
4
3.00
3,472
-
1
Subject
2
4976674
A
735 Glencoe Street
3
2.00
2,204
$939,000
3
1639003
A
780 Elm Street
4
4.00
4,793
$1,985,000
4
8209843
S
730 Dahlia Street
3
3.00
1,960
$900,000
5
7347292
S
725 Eudora Street
4
3.00
2,603
$1,340,000
Logan Alpizar-Lopez Cell: 7204674044
4
737 Eudora St, Denver, CO 80220-5115, Denver County APN: 6064-26-021
CLIP: 2477229170
MLS Beds 4
MLS Full Baths 2
Half Baths 1
MLS Sale Price $310,000
MLS Sq Ft 1,668
Lot Sq Ft 8,770
Yr Built 1942
Type SFR
MLS Sale Date 09/09/2008
OWNER INFORMATION
Owner Name
Bainter Patricia
Mailing ZIP 4
5115
Mailing Address
737 Eudora St
Mailing Carrier Route
C004
Mailing City & State
Denver, CO
Owner Occupied
Yes
Mailing Zip
80220
LOCATION INFORMATION
Property Zip
80220
Topography
Flat/Level
Property Zip4
5115
Neighborhood Code
S Hale-0607
Property Carrier Route
C004
Traffic
Local
School District
Denver County 1
Township
04S
Elementary School
Steck
Range
67W
Middle School
Hill
Section
06
High School
George Washington
Quarter
SE
Subdivision
Porter & Raymonds Second Add T o Montclair
Block
18
Zoning
E-SU-DX
Lot
28
Census Tract
43.08
TAX INFORMATION
PIN
6064-26-021
% Improved
56%
Schedule Number
0606426021000
Tax District
DENV
Legal Description
L 26 & 27 & N 1/2 OF L 25 & S 1/2 OF LT 28 EXC REAR 8FT TO CITY BLK 18 PORTER & RAYMONDS 2N D ADD TO MONTCLAIR
ASSESSMENT & TAX
Assessment Year
2022 - Preliminary
2021
2020
2019
Market Value - Land
$441,600
$441,600
$441,600
$441,600
Market Value - Improved
$560,900
$560,900
$568,600
$568,600
Market Value - Total
$1,002,500
$1,002,500
$1,010,200
$1,010,200
Assessed Value - Land
$30,690
$31,570
$31,570
$31,570
Assessed Value - Improved
$38,980
$40,100
$40,660
$40,660
Assessed Value - Total
$69,670
$71,670
$72,230
$72,230
YOY Assessed Change (%)
-2.79%
-0.78%
0%
YOY Assessed Change ($)
-$2,000
-$560
$0
Tax Year
Total Tax
2019
$5,209
Change ($)
Change (%)
2020 2021
$5,359
$150
2.88%
$5,348
-$11
-0.21%
CHARACTERISTICS
Lot Acres
0.2013
Total Rooms
8
Lot Sq Ft
8,770
Bedrooms
4
Land Use - County
Single Family Resident
Baths - Total
Tax: 4 MLS: 3
Land Use - CoreLogic
SFR
MLS Total Baths
3
Year Built
1942
Baths - Full
Tax: 3 MLS: 2
Bldg Sq Ft - Above Ground
2,937
Baths - Half
1
Bldg Sq Ft - Basement
535
Stories
Tax: 2 MLS: 1
Bldg Sq Ft - Finished Basement
520
Fireplace
Y
Bldg Sq Ft - Unfinished Basement
15
Fireplaces
1
Bldg Sq Ft - Total
3,472
Heat Type
Warm Air
Bldg Sq Ft - Finished
Tax: 3,457 MLS: 1,668
Garage Type
Attached Garage
Bldg Sq Ft - 1st Floor
2,033
Garage Capacity
MLS: 1
Bldg Sq Ft - 2nd Floor
904
Garage Sq Ft
543
Property Details
Courtesy of Logan Alpizar - Lopez, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 11/03/22 Page 1/3
Basement Type
Partial
Exterior
Brick
# Buildings
1
Quality
Good
FEATURES
Feature Type
Size/Qty
Att Garage-Msnry
543
Opn Prch-Frm
338
Det Garage-Msry
390
SELL SCORE
Rating
Very High
Sell Score
838
Value As Of
2022-10-30 04:33:26
LISTING INFORMATION
MLS Listing Id
652352
MLS Close Price
$310,000
MLS Days On Market
105
MLS Listing Contract Date
05/06/2008
MLS Source
REcolorado
MLS Close Date
09/09/2008
MLS Status
Closed
MLS List Office Name
ASSIST-2-SELL
MLS Status Change Date
09/11/2008
MLS List Agent Full Name
008780-Daniel J Omeara
MLS Current Price
$340,000
MLS Buyer Agent Full Name
260141-Susan Mathews
MLS Original List Price
$400,000
MLS Buyer Office Name
PERRY & CO
Sale Date
Tax: 12/11/2006 MLS: 09/09/2008
Deed Type
Warranty Deed
Sale Price
$570,000
Owner Name
Bainter Patricia
Price per SqFt - Finished
$164.88
Seller
Peters Melodie
Document Number
201407
LAST MARKET SALE & SALES HISTORY
Sale Date
11/03/2010
04/07/2009
Sale Price Nominal
Y
Y
Buyer
Bainter Patricia
Patrician Props Eudora LLC
Buyer
09/09/2008
12/11/2006
09/19/2006
$310,000
$570,000
$409,000
Wagner Rob
Lipsett Randall
Peters Melodie
Bainter Patricia
Seller
Patrician Props Eudora LLC
Wagner Rob
Lipsett Randall
Peters Melodie
Farris Lisle E Family Tr ust
Document Number
127749
66328
126344
201407
157462
Document Type
Warranty Deed
Warranty Deed
Warranty Deed
Warranty Deed
Warranty Deed
Title Company
Security Title Co
Security Title Co
Land Title Corp
Sale Date
04/01/2002
Sale Price Nominal
Y
Buyer
Farris Lisle E Trust
Buyer Seller
Farris Mary I
Document Number
69240
Document Type
Quit Claim Deed
Title Company MORTGAGE HISTORY
Mortgage Date
04/26/2017
12/28/2006
12/28/2006
10/03/2006
10/03/2006
Mortgage Amount
$120,000
$456,000
$114,000
$327,200
$81,800
Mortgage Lender
Alpine Bk
Silver St Mtg
Silver St Mtg
Southstar Fndg LLC
Southstar Fndg LLC
Borrower
Bainter Patricia
Lipsett Randall
Lipsett Randall
Peters Melodie
Peters Melodie
Mortgage Type
Conventional
Conventional
Conventional
Conventional
Conventional
Mortgage Purpose
Refi
Resale
Resale
Resale
Resale
Mortgage Int Rate
8
Mortgage Int Rate Type
Adjustable Int Rate Loa n
Adjustable Int Rate Loa n
Mortgage Term
20
30
30
30
30
Mortgage Term
Years
Years
Years
Years
Years
FORECLOSURE HISTORY
Property Details
Courtesy of Logan Alpizar - Lopez, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 11/03/22 Page 2/3
Document Type
Release Of Lis Pendens/Notice
Foreclosure Filing Date
Notice Of Trustee's Sale 03/19/2008
Recording Date
09/17/2008
03/27/2008
Document Number
128258
42505
Final Judgment Amount
$456,000
Original Doc Date
03/27/2008
12/28/2006
Original Document Number
42505
201408
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Logan Alpizar - Lopez, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 11/03/22 Page 3/3
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
735 Glencoe Street $939,000 ACTIVE
MLS #4976674
Denver, CO 80220
3 Beds 2.00 Baths Year Built 1946
8/2/22
Photo not available
2,204 Sq. Ft. ($426 / sqft) Days on market: 88
Photo not available
Details Prop Type: Single Family Residence County: Denver Subdivision: Mayfair
3/4 Baths: 1.0
School District: Denver 1
Lot Size (sqft): 6,250
Updated: Oct 29, 2022 8:05 AM
Garages: 2
List Price: $939,000
Middle: Hill
List date: 8/2/22
Orig list price: $990,000
Elementary: Carson
Full baths: 1.0
High: George Washington
Taxes: $3,422
Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
Exterior Features: Private Yard, Rain Gutters Fencing: Partial
Listing Terms: Cash, Conventional, FHA, Jumbo, VA Loan Living Area Total: 2204
Association Yn: false
Fireplace Features: Living Room
Basement: Finished
Fireplaces Total: 1
Below Grade Unfinished Area: 41.0
Flooring: Carpet, Tile, Wood
Parking Features: Concrete, Electric Vehicle Charging Station (s)
Building Area Source: Public Records Construction Materials: Brick, Frame Cooling: Air ConditioningRoom, Central Air
Heating: Forced Air Interior Features: Built-in Features, Five Piece Bath Laundry Features: In Unit Levels: Two
Lot Features: Level
Road Surface Type: Paved Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: House
Parking Total: 2
Tax Legal Description: L 23 & 24 BLK 14 PORTER & RAYMONDS 2ND ADD TO MONTCLAIR
Patio And Porch: Front Porch
Tax Year: 2021
Road Frontage Type: Private Road
Virtual Tour: View
Road Responsibility: Public Maintained Road
Zoning: E-SU-DX
Water Source: Public
Logan Alpizar-Lopez Cell: 7204674044
6
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Remarks This beautiful Cape Cod home is lovely inside and out & located on one of the best blocks in the neighborhood! Blocks from the National Blue-Ribbon award-winning Carson Elem School & Robinson Park, which holds a new playground,summer movie nights, one of the best sledding hills in the city,& Denver Tennis Club.The main floor feels like home from the moment you walk in with a bright, spacious living room,wood burning fireplace, natural hardwood floors and French doors opening to enclosed patio & spacious backyard perfect for indoor-outdoor entertaining.A formal dining room is ideal for hosting family and friends or an intimate dinner for two and classic built-ins.The kitchen features classic counters, new stainless appliances including a Bosch dishwasher, stylish new floors and opens to an expansive,private backyard. The space off the kitchen is filled with possibilities from a breakfast nook to a quiet reading space. Downstairs you'll find a secluded primary suite retreat. The completely renovated space features a spacious bedroom brimming w/ natural light,a walk-in closet & built-ins designed to meet your every need. The suite also includes its own private living room,a fully redesigned bath featuring a circular shower, & adjacent laundry room.On the second floor,there is a completely remodeled bath with all the modern conveniences including a bidet,bookend by two spacious, bright bedrooms.Each features 2 closets a window seat w/built-in drawers, the perfect hideaway! Step out back where you can relax in a lovely & secluded yard w/mature landscaping & sunken garden ideal for entertaining.The 2-car garage includes a level-2 electric car charger & enough power to add a second.With many school-aged kids, welcoming families, a monthly book club,annual pool party and holiday celebrations.Enjoy dining or a movie at 9th & Colorado.Centrally located within blocks of several parks&schools, a 15-minute drive to downtown & close to Childrens,Rose & University Hospitals.
Logan Alpizar-Lopez Cell: 7204674044
7
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
780 Elm Street $1,985,000 ACTIVE
MLS #1639003
Denver, CO 80220
4 Beds 4.00 Baths Year Built 2013
10/6/22
4,793 Sq. Ft. ($414 / sqft) Days on market: 8
Details Prop Type: Single Family Residence County: Denver Subdivision: Porter and Raymonds Montclair/Mayfair Style: Contemporary,Spanish/SW
Full baths: 3.0
High: George Washington
Half baths: 1.0
Updated: Oct 14, 2022 6:57 AM
Lot Size (sqft): 6,969
List Price: $1,985,000
Elementary: Carson
Garages: 3
Orig list price: $2,100,000
List date: 10/6/22
Taxes: $6,578
Middle: Hill
School District: Denver 1
Features Appliances: Bar Fridge, Convection Oven, Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Sump Pump, Washer, Wine Cooler
Builder Model: CUSTOM
Cooling: Central Air
Association Yn: false
Fireplace Features: Family Room, Outside, Primary Bedroom
Current Use: Live/Work
Basement: Cellar, Finished, Full, Sump Pump
Fireplaces Total: 3
Direction Faces: West
Flooring: Wood
Distance To Bus Numeric: 3
Foundation Details: Slab
Below Grade Unfinished Area: 83.0
Building Area Source: Public Records Building Name: Denver Construction Materials: Rock, Stucco
Exterior Features: Balcony, Barbecue, Dog Run, Fire Pit, Garden, Gas Grill, Gas Valve, Lighting, Private Yard
Heating: Forced Air, Radiant Floor
Fencing: Full
Distance To Bus Units: Blocks
Logan Alpizar-Lopez Cell: 7204674044
8
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Entrance Foyer, Five Piece Bath, Granite Counters, High Ceilings, Kitchen Island, Marble Counters, Open Floorplan, Primary Suite, Quartz Counters, Smoke Free, Utility Sink, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Listing Terms: Cash, Conventional, Jumbo
Property Condition: Updated/Remodeled
Living Area Total: 4793
Road Frontage Type: Public Road
Irrigation Source: Gated Pipe
Parking Total: 3
Senior Community Yn: false
Laundry Features: In Unit
Patio And Porch: Deck, Front Porch, Patio, Rooftop
Sewer: Public Sewer
Levels: Two
Lot Features: Irrigated, Landscaped, Level, Near Public Transit, Secluded, Sprinklers In Front, Sprinklers In Rear Parking Features: Concrete, Dry Walled, Finished, Floor Coating, Insulated, Oversized, Tandem
Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Spanish Tile Security Features: Carbon Monoxide Detector(s), Security System
Tax Legal Description: LTS 6 & 7 & N 1/2 OF L 8 EXC REAR 8FT TO CITY BLK 3 PORTER & RAYMONDS 2ND ADD TO MONTCLAIR Tax Year: 2021 Vegetation: Grassed, Mixed, Natural State, Xeriscaping Water Source: Public Window Features: Window Coverings, Window Treatments Zoning: E-MU-2.5
Structure Type: House
Remarks Mayfair custom newer built home prominently sitting on a 7300 square foot lot, this home has impressive curb appeal. Vaulted ceilings throughout, abundant millwork, custom iron accoutrements and rich wide plank hickory hardwoods throughout. Private front office with patio and garden views, formal dining with huge windows and double tray ceiling, spacious family room with limestone surround fireplace, a remarkable kitchen boasting a huge slab granite island with generous bar seating. Professional appliances including 6- burner Gas Range with griddle, built in Wine Cooler and butlers station. Large back patio with giant built in fireplace with outdoor kitchen with pergola and mood lighting/TV. Grand twostory hallway with floor to ceiling windows flanked by library style wood cabinets upper landing and lower landing houses custom wine cellar. All bedrooms located on upper level, the primary bedroom is well appointed to include; stone surround fireplace, turret reading space with large balcony, dual vanities and customized closets... The lower level has been thoughtfully designed for enjoyment. Billard and theater, bar with wet sink and beverage cooler and seating, additional bedroom with en-suite full bath. Just far enough from 6th Avenue to enjoy peace and quiet but still easily access the tree lined parkway. Close to Crestmoor Park, Carson Elementary School and the buzz and excitement of 9+CO, Hale Park, Snooze, Trader Joes and the huge new AMC theatre! Perfected located near shopping (Lowry and Cherry Creek), restaurants, recreation, and close to several schools; private, public, and charter, this home is in the center of everything.
Logan Alpizar-Lopez Cell: 7204674044
9
Comparative Market Analysis
780 Elm Street
737 Eudora Street, Denver, Colorado 80220
$1,985,000 ACTIVE
MLS #1639003
Denver, CO 80220
10/6/22
4 Beds 4.00 Baths Year Built 2013
4,793 Sq. Ft. ($414 / sqft) Days on market: 8
Logan Alpizar-Lopez Cell: 7204674044
10
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
730 Dahlia Street $900,000 CLOSED
MLS #8209843
Denver, CO 80220
3 Beds 3.00 Baths Year Built 1952
10/12/22
1,960 Sq. Ft. ($459 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Half baths: 1.0
Off-market date: 9/10/22
School District: Denver 1
Lot Size (sqft): 5,850 Garages: 2
Updated: Oct 12, 2022 11:12 AM
High: George Washington
County: Denver
List date: 9/7/22
List Price: $895,000
Elementary: Steck
Sold date: 10/12/22
Orig list price: $895,000
Subdivision: Hilltop/Mayfair Style: Traditional Full baths: 2.0
Middle: Hill
Taxes: $2,733
Features Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator Association Yn: false Basement: Bath/Stubbed, Finished, Full Building Area Source: Public Records
Direction Faces: West Electric: 110V, 220 Volts Exterior Features: Garden, Private Yard, Rain Gutters Fencing: Full Fireplace Features: Electric, Living Room Fireplaces Total: 1
Concessions: No
Flooring: Carpet, Tile, Wood
Construction Materials: Brick
Heating: Forced Air
Cooling: Central Air
Interior Features: Five Piece Bath, Primary Suite, Quartz Counters, Walk-In Closet(s)
Main Level Bedrooms: 2
Levels: One
Parking Total: 2
Listing Terms: Cash, Conventional
Patio And Porch: Covered, Front Porch, Patio
Living Area Total: 1960
Property Condition: Updated/Remodeled
Lot Features: Irrigated, Landscaped, Level, Many Trees, Near Public Transit, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1
Parking Features: Exterior Access Door, Oversized
Roof: Architectural Shingles, Composition Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Logan Alpizar-Lopez Cell: 7204674044
11
Comparative Market Analysis
Senior Community Yn: false Sewer: Public Sewer Structure Type: House
737 Eudora Street, Denver, Colorado 80220
Tax Legal Description: W 117FT OF L 8 & 9 BLK 18 PORTER & RAYMONDS 2ND ADD TO MONTCLAIR
Tax Year: 2021 Virtual Tour: View
Window Features: Double Pane Windows
Water Source: Public
Zoning: E-SU-DX
Remarks Elegant newly updated brick beauty with gorgeous mature landscaping and gardens nestled just off the prestigious Sixth Avenue Parkway. Hands down the best primary bedroom suite you will see in this price range with charming shiplap accent wall in the spacious bedroom, an enormous walk-in closet plus a linen closet, all new 5-piece bath with beautiful freestanding tub, walk-in shower with dual shower heads, double vanity. Walk-in the front door to a spacious living area with cozy fireplace, newly refinished hardwood floors and an amazing all-new kitchen with quartz countertops, stainless appliances, splashes of warm color, and crisp white cabinetry. Two spacious main floor bedrooms with newly updated bath plus a charming dining room with french doors that spill out to a jaw-dropping back yard with colorful flower beds, covered patio, a second rustic pergola-covered patio and an oversized 2-car garage. Spacious lower level family room with adjacent half bath. All this on a stellar block amongst stately homes in an eminently walkable location - stroll down a couple blocks to Snooze for an omelet or Postino for a late afternoon nosh, amble back along the gorgeous tree-lined parkway, grab some groceries at Trader Joe's or enjoy a movie at the nearby theater. New roof, gutters, tile, updated kitchen and baths plus sewer line has been scoped and repaired. Feeds to Hilltop schools (Steck elementary and Hill middle).
Logan Alpizar-Lopez Cell: 7204674044
12
Comparative Market Analysis
730 Dahlia Street $900,000 CLOSED
10/12/22
737 Eudora Street, Denver, Colorado 80220
MLS #8209843
Denver, CO 80220
3 Beds 3.00 Baths Year Built 1952
1,960 Sq. Ft. ($459 / sqft) Days on market: 3
Logan Alpizar-Lopez Cell: 7204674044
13
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
725 Eudora Street $1,340,000 CLOSED
MLS #7347292
Denver, CO 80220
4 Beds 3.00 Baths
2,603 Sq. Ft. ($515 / sqft)
Year Built 1941
10/31/22
Photo not available
Days on market: 7
Photo not available
Details Prop Type: Single Family Residence
3/4 Baths: 2.0
Off-market date: 9/25/22
School District: Denver 1
Lot Size (sqft): 6,380 Garages: 2
Updated: Oct 31, 2022 8:27 AM
High: George Washington
County: Denver
List date: 9/8/22
List Price: $1,300,000
Elementary: Steck
Sold date: 10/31/22
Orig list price: $1,300,000
Subdivision: Mayfair Style: Tudor Full baths: 1.0
Middle: Hill
Taxes: $4,017
Features Appliances: Microwave, Oven, Range, Refrigerator
Exterior Features: Garden, Private Yard
Listing Terms: Cash, Conventional
Association Yn: false
Fireplace Features: Gas Log
Living Area Total: 2603
Basement: Finished
Fireplaces Total: 1
Lot Features: Level
Security Features: Carbon Monoxide Detector(s), Radon Detector, Security System, Smoke Detector(s), Video Doorbell
Below Grade Unfinished Area: 103.0
Flooring: Carpet, Tile, Wood
Main Level Bathrooms: 1
Senior Community Yn: false
Heating: Forced Air
Main Level Bedrooms: 2
Building Area Source: Public Records
Sewer: Public Sewer
Parking Features: Oversized, Storage
Structure Type: House
Construction Materials: Brick, Frame, Wood Siding
Interior Features: Entrance Foyer, Granite Counters, Primary Suite, Radon Mitigation System, Walk-In Closet(s)
Cooling: Evaporative Cooling
Levels: Two
Roof: Composition
Concessions: No
Parking Total: 2 Patio And Porch: Covered
Logan Alpizar-Lopez Cell: 7204674044
14
Comparative Market Analysis
Tax Legal Description: L 22 & N 17FT OF L 21 & S 12 1/2FT OF L 23 EXC REAR 8FT TO CITY BLK 18 PORTER & RAYMONDS 2ND ADD TO MONTCLAIR
737 Eudora Street, Denver, Colorado 80220
Tax Year: 2021 Virtual Tour: View Water Source: Public Zoning: E-SU-DX
Remarks Situated on one of Mayfairs most desirable blocks, this 1941 Tudor combines classic charm and character with many timeless updates. Welcoming and warm, this light-filled home features hardwood floors and many beautiful original architectural details. The spacious living and dining rooms offer wonderful space to relax or entertain. Sun streams into the updated kitchen, with ample storage and plenty of counter space. Two bedrooms and a gorgeous full bathroom round out the main floor. Escape upstairs to the private primary suite, complete with a walk-in closet and an airy, updated bathroom. The additional loft area upstairs provides great bonus space, perfect for a home office or fitness area. Heading downstairs, the finished basement boasts a large yet cozy family room, 4th bedroom, and bathroom. Abundant storage and closets throughout. Relax outside in the large, private backyard and covered patio. Dont miss the enormous garage, which easily fits two SUVs plus all your gear! Two of the neighborhoods most magnificent trees anchor the lot and offer plenty of shade in hot summer months. Easy access to all of the restaurants and shops at 9&Co, multiple neighborhood parks, and Steck and Graland schools.
Logan Alpizar-Lopez Cell: 7204674044
15
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Comparable Property Statistics A
2 Active Listings LOWEST
$939,000
S
AVERAGE
$1,462,000
HIGH
$1,985,000
AVG PRICE / SQFT
AVG DOM
$420
48
AVG PRICE / SQFT
AVG DOM
$487
5
2 Sold Listings LOWEST
$900,000
AVERAGE
$1,120,000
HIGH
$1,340,000
Logan Alpizar-Lopez Cell: 7204674044
16
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Sold Property Analysis Averages
102.1%
Homes sold for an average of 102.1% of their list price.
5
Days on market
It took an average of 5 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
$895,000
$900,000
100.56%
3
$459
$1,300,000
$1,340,000
103.08%
7
$515
$1,097,500
$1,120,000
102.05%
5
$487
730 Dahlia Street 725 Eudora Street
Averages
Logan Alpizar-Lopez Cell: 7204674044
17
Comparative Market Analysis
737 Eudora Street, Denver, Colorado 80220
Summary of Comparable Properties A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
735 Glencoe Street
-
3
2.00
2,204
$939,000
$426
780 Elm Street
-
4
4.00
4,793
$1,985,000
$414
3,498
$1,462,000
$420
Averages
S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
730 Dahlia Street
10/12/22
3
3.00
1,960
$900,000
$459
725 Eudora Street
10/31/22
4
3.00
2,603
$1,340,000
$515
2,281
$1,120,000
$487
Averages
Logan Alpizar-Lopez Cell: 7204674044
18
at Keller Williams Integrity
INTELLIGENT PRICING & TIMING Pricing a home for sale is as much art as science, but there are a few truisms that never change. ☐ ☐ ☐
Fair market value attracts buyers, overpricing never does. The first two weeks of marketing are crucial. The market never lies, but it can change its mind.
ASKING PRICE
PERCENTAGE OF BUYERS
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
90%
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area. Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake. Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.
ACTIVITY
at Keller Williams Integrity
1
2
3
4
5
6
TIME ON MARKET (IN WEEKS)
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents. With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks. If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price. Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage. The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value. Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
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