Ismail's Custom Home Analysis

at Keller Williams Integrity

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Ismail Sadykhov SEPTEMBER 1, 2022

Mark Lovett

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 09/01/2022 to 03/05/2022 Property Sub Type is 'Single Family

Residence' Latitude, Longitude is within 0.50 mi of 157 Hidden Lake Dr, Eaton, CO 80615, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Listings as of 9/1/2022 at 11:07 am, Page 1 of 2

Market Analysis Summary | Residential Listing ID Address

City

Bds

Bths

Abv

Ttl

Pending

Fin

PSF Abv

PSF Ttl

PSF Fin

DIM

Orig Price

List Price Close Price CP/OLP

Listings: Pending IR963035 349 Central AVE

Severance

4

3

1,850

3,700

2,130 04/15/22

$323

$281

140

597,915

$597,915

IR962913 343 Central AVE

Severance

4

3

1,850

3,700

2,790 04/13/22

$320

$213

141

543,700

$592,870

IR973746 411 Harrow ST

Severance

4

3

1,636

2,884

2,636 08/23/22

$336

$209

13

550,000

$550,000

Min

1,636

2,884

2,130

$320

$209

13

$543,700

$550,000

Max

1,850

3,700

2,790

$336

$281

141

$597,915

$597,915

Avg

1,779

3,428

2,519

$327

$234

98

$563,872

$580,262

Med

1,850

3,700

2,636

$323

$213

140

$550,000

$592,870

2,010

3,765

2,010 08/05/22

1

621,670

Pending Total: 3

Listings: Closed IR964143 207 Silo CT

Severance

3

2

$324

$324

IR970073 403 Harrow ST

Severance

3

3

1,743

3,068

1,743 08/15/22

$275

4976354 311 Jay AVE

Severance

3

2

1,655

2,923

1,655 03/08/22

$281

Min

1,655

2,923

1,655

$275

$159

Max

2,010

3,765

2,010

$324

Avg

1,803

3,252

1,803

Med

1,743

3,068

1,743

Closed Total: 3

$650,820 $650,820

105%

$275

9

485,000

$485,000 $480,000

99%

$281

3

460,000

$460,000 $465,000

101%

$275

1

$460,000

$460,000

$465,000

99%

$159

$324

9

$621,670

$650,820

$650,820

105%

$293

$159

$293

4

$522,223

$531,940

$531,940

102%

$281

$159

$281

3

$485,000

$485,000

$480,000

101%

$159

Presented By: Mark Lovett All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

6

Total Listings

Average for all:

1,791

3,340

2,161

$310

$159

51

$543,048

$556,101

$531,940

Median for all:

1,797

3,384

2,070

$322

$159

11

$546,850

$571,435

$480,000

Min

Quick Statistics

Max

Avg

Med

List Price

$460,000

$650,820

$556,101

$571,435

Sale Price

$465,000

$650,820

$531,940

$480,000

Sale / List

99%

105%

102%

101%

Presented By: Mark Lovett All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Map of Comparable Listings

STATUS:

MLS #

STATUS

ADDRESS

P = PENDING

S = CLOSED

BEDS

BATHS

SQFT

PRICE

157 Hidden Lake Dr

4

3.00

3,178

-

1

Subject

2

IR963035

P

349 Central Avenue

4

3.00

2,130

$597,915

3

IR962913

P

343 Central Avenue

4

3.00

2,790

$592,870

4

IR973746

P

411 Harrow Street

4

3.00

2,636

$550,000

5

IR964143

S

207 Silo Court

3

2.00

2,010

$650,820

6

IR970073

S

403 Harrow Street

3

3.00

1,743

$480,000

7

4976354

S

311 Jay Avenue

3

2.00

1,655

$465,000

Mark Lovett Cell: 3038680312

4

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Online Valuation Analysis How accurate are Zestimates?

14.2%

$68,000

Zestimates varied up to 14.2% or $68,000 compared to actual MLS prices.

P

3 Pending

ADDRESS

PRICE

ZESTIMATE

DIFFERENCE

349 Central Avenue

$597,915

-

-

343 Central Avenue

$592,870

-

-

411 Harrow Street

$550,000

$550,000

0.0%

SOLD DATE

SOLD PRICE

ZESTIMATE

DIFFERENCE

8/5/22

$650,820

$655,500

0.7%

8/15/22

$480,000

$548,000

14.2%

3/8/22

$465,000

-

-

S

3 Sold

ADDRESS

207 Silo Court 403 Harrow Street 311 Jay Avenue

Source: Zillow

Mark Lovett Cell: 3038680312

5

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

349 Central Avenue

Severance, CO 80550

$597,915 PENDING

4/15/22

MLS #IR963035

4 Beds 3.00 Baths

2,130 Sq. Ft. ($281 / sqft)

Year Built 2022

Days on market: 141

Details Prop Type: Single Family Residence

3/4 Baths: 1.0

Off-market date: 4/15/22

Lot Size (sqft): 9,121

County: Weld

Garages: 4

Updated: Sep 1, 2022 6:45 AM

Subdivision: Tailholt

List date: 4/14/22

List Price: $597,915

Middle: Severance

Style: Contemporary

Pending date: 4/15/22

Orig list price: $597,915

Elementary: Grand View

Full baths: 2.0

School District: Windsor RE-4 High: Severance

Assoc Fee: $500

Features Appliances: Dishwasher, Disposal, Double Oven, Microwave, Oven Association Fee Frequency: Annually Association Fee Includes: Capital Reserves

Below Grade Unfinished Area: 1570.0 Builder Model: Bluebell 4228 Building Area Source: Plans Construction Materials: Wood Frame

Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), WalkIn Closet(s)

Other Equipment: Satellite Dish

Laundry Features: In Unit

Parking Total: 4

Levels: One

Association Name: Tailholt HOA

Cooling: Ceiling Fan(s), Central Air

Listing Terms: Cash, Conventional

Association Yn: true

Fencing: Partial

Living Area Total: 2130

Basement: Full

Flooring: Vinyl

Main Level Bathrooms: 2

Heating: Forced Air

Main Level Bedrooms: 3

Parking Features: Oversized, Oversized Door, Tandem Patio And Porch: Deck Possible Use: Residential Property Condition: Under Construction Road Frontage Type: Public Road

Mark Lovett Cell: 3038680312

6

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Road Responsibility: Public Maintained Road

Sewer: Public Sewer

Road Surface Type: Paved

Tax Legal Description: LOT 10 BLOCK 3 TAILHOLT 2ND FILING

Roof: Composition Security Features: Smoke Detector

Structure Type: House

Tax Year: 2022

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public Zoning: RES

Remarks Under Contract. The Bluebell is a 3,700 SF Ranch with a Front Porch. The gourmet Kitchen has Dbl Ovens, a fantastic Center Island & lg Pantry. Add the optional 12x14 Office off the Kitchen. Master BR has 3/4 BA or choose the soaking tub option. The covered grilling Patio w/gas line & the insulated, finished 4-Car Garage are amazing! Generous finish allowances will let you design an incredible home. More 1/4 AC lots & many floor plans to choose from. Customize to perfectly fit your needs & style. Bluestone is known for quality of build, willingness to customize & amazing Garages. A seamless construction process makes building fun & easy. The $5k refundable deposit lets you reserve your lot while working through the design process & choosing your finishes.

Mark Lovett Cell: 3038680312

7

Comparative Market Analysis

349 Central Avenue $597,915 PENDING

4/15/22

157 Hidden Lake Drive, Severance, Colorado 80615 Severance, CO 80550

MLS #IR963035

4 Beds 3.00 Baths

2,130 Sq. Ft. ($281 / sqft)

Year Built 2022

Days on market: 141

Mark Lovett Cell: 3038680312

8

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

343 Central Avenue

Severance, CO 80550

$592,870 PENDING

4/13/22

MLS #IR962913

4 Beds 3.00 Baths

2,790 Sq. Ft. ($212 / sqft)

Year Built 2022

Days on market: 142

Details Prop Type: Single Family Residence

3/4 Baths: 1.0

Off-market date: 4/13/22

Lot Size (sqft): 9,001

County: Weld

Garages: 3

Updated: Sep 1, 2022 6:45 AM

Subdivision: Tailholt

List date: 4/13/22

List Price: $592,870

Middle: Severance

Style: Contemporary

Pending date: 4/13/22

Orig list price: $543,700

Elementary: Grand View

Full baths: 2.0

School District: Windsor RE-4 High: Severance

Assoc Fee: $500

Features Appliances: Dishwasher, Disposal, Double Oven, Microwave, Oven, Self Cleaning Oven

Below Grade Unfinished Area: 910.0

Other Equipment: Satellite Dish

Builder Model: Gunnison II #4225

Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s)

Association Fee Frequency: Annually

Building Area Source: Plans

Laundry Features: In Unit

Parking Total: 3

Association Fee Includes: Capital Reserves

Cooling: Ceiling Fan(s), Central Air

Levels: One

Association Name: Tailholt HOA Association Yn: true Basement: Full

Fencing: Partial

Listing Terms: Cash, Conventional

Fireplace Features: Gas, Great Room

Living Area Total: 2790

Flooring: Vinyl

Main Level Bathrooms: 2

Heating: Forced Air

Main Level Bedrooms: 3

Lot Features: Level

Parking Features: Oversized Patio And Porch: Deck Possible Use: Residential Property Condition: Under Construction Road Frontage Type: Public Road Road Responsibility: Public Maintained Road

Mark Lovett Cell: 3038680312

9

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Road Surface Type: Paved

Sewer: Public Sewer

Tax Year: 2022

Virtual Tour: View

Structure Type: House Tax Legal Description: LOT 13 BLOCK 3 TAILHOLT 2ND FILING

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Water Source: Public

Roof: Composition Security Features: Smoke Detector

Zoning: Res

Remarks Under Contract. This Gunnison II is a 3-BR Ranch that is bright and airy with a gourmet Kitchen offering dbl ovens, gas cooktop, large island, spacious pantry. You will love the vaulted Great Rm w/fireplace & the fabulous covered grilling Deck. Master BR is a luxury retreat & the unique tile throughout will impress.

Basement has a Game Room, 4th BR & full Bath. A finished, insulated 3-Car Garage is great for auto, storage & workshop needs. Photos of previously built model. Other lots available!

Mark Lovett Cell: 3038680312

10

Comparative Market Analysis

343 Central Avenue $592,870 PENDING

4/13/22

157 Hidden Lake Drive, Severance, Colorado 80615 Severance, CO 80550

MLS #IR962913

4 Beds 3.00 Baths

2,790 Sq. Ft. ($212 / sqft)

Year Built 2022

Days on market: 142

Mark Lovett Cell: 3038680312

11

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

411 Harrow Street

Severance, CO 80550

$550,000 PENDING

4 Beds 3.00 Baths Year Built 2018

8/23/22

MLS #IR973746 2,636 Sq. Ft. ($209 / sqft) Days on market: 5

Details Prop Type: Single Family Residence

3/4 Baths: 2.0

Off-market date: 8/23/22

Lot Size (sqft): 8,466

County: Weld

Garages: 3

Updated: Aug 23, 2022 4:21 AM

Subdivision: Tailholt

List date: 8/19/22

List Price: $550,000

Middle: Severance

Style: Contemporary

Pending date: 8/23/22

Orig list price: $550,000

Elementary: Grand View

Full baths: 1.0

School District: Windsor RE-4 High: Windsor

Taxes: $3,583

Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator Association Amenities: Park Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal Association Yn: false Basement: Crawl Space, Full

Below Grade Unfinished Area: 248.0

Laundry Features: In Unit

Possible Use: Residential

Building Area Source: Assessor

Levels: One

Security Features: Smoke Detector

Roof: Composition

Cooling: Central Air

Listing Terms: Cash, Conventional, VA Loan

Flooring: Laminate

Living Area Total: 2636

Structure Type: House

Heating: Forced Air

Lot Features: Sprinklers In Front Main Level Bathrooms: 2

Tax Legal Description: LOT 6 BLOCK 6 TAILHOLT 1ST FG

Main Level Bedrooms: 3

Tax Year: 2021

Parking Total: 3

Utilities: Electricity Available, Natural Gas Available

Interior Features: Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, WalkIn Closet(s)

Patio And Porch: Patio

Sewer: Public Sewer

Mark Lovett Cell: 3038680312

12

Comparative Market Analysis

Virtual Tour: View

157 Hidden Lake Drive, Severance, Colorado 80615

Water Source: Public

Window Features: Window Coverings

Zoning: RES

Remarks A beautiful modern ranch home just two and a half blocks from Franklin Lake and perfect for entertaining!

The open concept main floor living spaces have sleek laminate wood floors and recessed lighting. A large center island with seating, granite counters, stainless steel appliances, and a walk in pantry will make cooking a pleasure. Dine casually inside or out. Sliding glass doors lead to an Alumawood pergola covered Trex deck perfect for outdoor dining. The backyard overlooks a greenbelt and the neighborhood is quiet and friendly. The beautifully finished basement has an impressive recreation space large enough for a ping pong or pool table, and a family room retreat well suited to media entertainment. The main floor primary suite encompasses a large sleeping area, a massive walk in closet, and an attached bathroom that offers dual sinks and a glass walled walk in stall shower. The central location provides easy access to down town Windsor, Fort Collins, the Rocky Mountains and Denve

Mark Lovett Cell: 3038680312

13

Comparative Market Analysis

411 Harrow Street $550,000 PENDING

8/23/22

157 Hidden Lake Drive, Severance, Colorado 80615 Severance, CO 80550

4 Beds 3.00 Baths Year Built 2018

MLS #IR973746 2,636 Sq. Ft. ($209 / sqft) Days on market: 5

Mark Lovett Cell: 3038680312

14

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

207 Silo Court $650,820 CLOSED

MLS #IR964143

Severance, CO 80550

3 Beds 2.00 Baths Year Built 2022

8/5/22

2,010 Sq. Ft. ($324 / sqft) Days on market: 1

Details Prop Type: Single Family Residence

3/4 Baths: 1.0

Off-market date: 8/5/22

Lot Size (sqft): 18,046

County: Weld

Garages: 4

Updated: Sep 1, 2022 6:45 AM

Subdivision: Tailholt

List date: 4/28/22

List Price: $650,820

Middle: Severance

Style: Contemporary

Sold date: 8/5/22

Orig list price: $621,670

Elementary: Range View

Full baths: 1.0

School District: Windsor RE-4 High: Severance

Assoc Fee: $123

Features Appliances: Dishwasher, Disposal, Double Oven, Microwave Association Fee Frequency: Quarterly Association Name: Tailholt HOA Association Yn: true Basement: Bath/ Stubbed, Full, Unfinished Below Grade Unfinished Area: 1755.0 Builder Model: Stonecrop

Building Area Source: Plans Construction Materials: Wood Frame Cooling: Ceiling Fan(s), Central Air Fencing: Partial Fireplace Features: Gas, Insert Flooring: Vinyl Heating: Forced Air

Interior Features: Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), WalkIn Closet(s)

Main Level Bedrooms: 3 Other Equipment: Satellite Dish

Laundry Features: In Unit

Parking Features: Oversized, Oversized Door, RV Access/Parking, Tandem

Levels: One

Parking Total: 4

Listing Terms: Cash, Conventional, FHA

Patio And Porch: Patio

Living Area Total: 2010 Lot Features: Level

Possible Use: Residential Property Condition: Under Construction

Main Level Bathrooms: 2

Mark Lovett Cell: 3038680312

15

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Road Frontage Type: Public Road

Security Features: Smoke Detector

Road Responsibility: Public Maintained Road

Sewer: Public Sewer

Road Surface Type: Paved

Tax Legal Description: LOT 8 BLOCK 8 TAILHOLT 1ST FG

Roof: Composition

Structure Type: House

Tax Year: 2022

Zoning: RES

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available Virtual Tour: View Water Source: Public

Remarks Under Contract, Pre-Sale Stonecrop with an amazing elevation and fantastic floor plan. Express your style when choosing tile, flooring, lighting, plumbing fixtures, countertop, stone and paint colors with the generous allowances and expert design center guidance. Stary summer nights will be enjoyed on the covered patio or take a relaxing stroll around Franklin Lake. Bluestone builds a quality home you are sure to be proud of and the 4-Car finished Garage has room for your hobbies and toys.

Mark Lovett Cell: 3038680312

16

Comparative Market Analysis

207 Silo Court $650,820 CLOSED

8/5/22

157 Hidden Lake Drive, Severance, Colorado 80615

MLS #IR964143

Severance, CO 80550

3 Beds 2.00 Baths Year Built 2022

2,010 Sq. Ft. ($324 / sqft) Days on market: 1

Mark Lovett Cell: 3038680312

17

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

403 Harrow Street

Severance, CO 80550

$480,000 CLOSED

3 Beds 3.00 Baths Year Built 2018

8/15/22

MLS #IR970073 1,743 Sq. Ft. ($275 / sqft) Days on market: 9

Details Prop Type: Single Family Residence

3/4 Baths: 1.0

Off-market date: 8/15/22

Half baths: 1.0

County: Weld

Lot Size (sqft): 6,534

Updated: Sep 1, 2022 6:45 AM

Subdivision: TAILHOLT 1ST FG

Garages: 2

List Price: $485,000

Middle: Severance

List date: 7/1/22

Orig list price: $485,000

Elementary: Range View

Sold date: 8/15/22

Taxes: $3,640

Building Area Source: Assessor

Interior Features: Kitchen Island, Open Floorplan, Pantry, Radon Mitigation System, WalkIn Closet(s)

Style: Contemporary Full baths: 1.0

School District: Windsor RE-4 High: Severance

Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator Association Fee Includes: Snow Removal Association Yn: false Basement: Bath/ Stubbed, Crawl Space, Full, Unfinished Below Grade Unfinished Area: 1325.0 Builder Model: Orchard

Construction Materials: Wood Frame Cooling: Ceiling Fan(s), Central Air Fencing: Fenced Flooring: Vinyl Heating: Forced Air

Laundry Features: In Unit

Lot Features: Sprinklers In Front Main Level Bathrooms: 3 Main Level Bedrooms: 3 Other Equipment: Satellite Dish

Levels: One

Parking Total: 2

Listing Terms: Cash, Conventional, FHA, VA Loan

Possible Use: Residential

Living Area Total: 1743

Patio And Porch: Patio Road Surface Type: Paved

Mark Lovett Cell: 3038680312

18

Comparative Market Analysis

Roof: Composition

157 Hidden Lake Drive, Severance, Colorado 80615

Security Features: Smoke Detector

Tax Legal Description: Lot 2 Block 6 TAILHOLT 1ST FG

Sewer: Public Sewer

Tax Year: 2021

Structure Type: House

Utilities: Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Window Features: Double Pane Windows, Window Coverings Zoning: RES

Virtual Tour: View Water Source: Public

Remarks You don't want to miss the deal of the Summer with this like new home in desirable Tailholt! You'll fall in love with this open concept, ranch style home, complete with 9 ft. ceilings throughout. Granite counter tops in the kitchen, with a large island, gas stove and walk in pantry. Enjoy entertaining in the backyard with a custom extended patio, that backs to a greenbelt. Retreat to your primary bedroom with en-suite, complete with double sinks, private water closet, and large walk-in closet. F

Mark Lovett Cell: 3038680312

19

Comparative Market Analysis

403 Harrow Street $480,000 CLOSED

8/15/22

157 Hidden Lake Drive, Severance, Colorado 80615 Severance, CO 80550

3 Beds 3.00 Baths Year Built 2018

MLS #IR970073 1,743 Sq. Ft. ($275 / sqft) Days on market: 9

Mark Lovett Cell: 3038680312

20

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

311 Jay Avenue $465,000 CLOSED

MLS #4976354

Severance, CO 80550

3 Beds 2.00 Baths Year Built 2018

3/8/22

1,655 Sq. Ft. ($281 / sqft) Days on market: 3

Details Prop Type: Single Family Residence

Lot Size (sqft): 5,328 Garages: 2

Updated: Mar 8, 2022 5:12 AM

School District: Windsor RE-4

County: Weld

List date: 2/10/22

List Price: $460,000

High: Severance

Subdivision: Tailholt

Sold date: 3/8/22

Orig list price: $460,000

Middle: Severance

Full baths: 1.0

Off-market date: 2/13/22

Assoc Fee: $592

Elementary: Range View

3/4 Baths: 1.0

Taxes: $3,506

Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer Association Amenities: Park Association Fee Frequency: Annually Association Name: Tailholt Association Phone: 970-488-2823

Association Yn: true

Cooling: Central Air

Basement: Bath/ Stubbed, Full, Unfinished

Direction Faces: South

Below Grade Unfinished Area: 1268.0

Exterior Features: Spa/ Hot Tub Fencing: Full

Builder Model: Neuville

Flooring: Carpet, Wood

Builder Name: D.R. Horton, Inc

Foundation Details: Concrete Perimeter

Building Area Source: Appraiser

Heating: Forced Air

Concessions: No Construction Materials: Frame

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Kitchen Island, Master Suite, No Stairs, Open Floorplan, Pantry, Radon Mitigation System, Spa/Hot Tub, Walk-In Closet(s) Laundry Features: In Unit Levels: One Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Mark Lovett Cell: 3038680312

21

Comparative Market Analysis

Living Area Total: 1655 Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 3 Parking Features: Concrete Parking Total: 2

157 Hidden Lake Drive, Severance, Colorado 80615

Patio And Porch: Covered, Front Porch, Patio

Senior Community Yn: false Sewer: Public Sewer

Window Features: Window Coverings

Pets Allowed: Dogs OK

Structure Type: House

Zoning: RES

Property Condition: Updated/Remodeled

Tax Legal Description: LOT 2 BLOCK 3 TAILHOLT 1ST FG

Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition

Water Source: Public

Tax Year: 2020 Utilities: Cable Available, Electricity Connected, Natural Gas Available

Remarks Welcome Home to this proudly Southern Facing Ranch-Style here in beautiful Tailholt. Better than New; equipped with Stainless Steel Appliances, Gas Range Stove, Large Walk-In Kitchen Pantry, Dark Hardwood Flooring, Open Kitchen/Living Room Area, Master Jumbo Walk-In Closet, Large Master Bathroom, Unfinished Basement & Active Radon Mitigation System. Exterior exclaims Front & Back Covered Patio, Extended Back Patio (done professionally) splashed with your Brand New Master Spas T240 Hot Tub. Appointed just to the North of Severance High School. Tailholt Operation & Maintenance Fee is $592/Year, Non-Potable Water is $300/Year.

Mark Lovett Cell: 3038680312

22

Comparative Market Analysis

311 Jay Avenue $465,000 CLOSED

3/8/22

157 Hidden Lake Drive, Severance, Colorado 80615

MLS #4976354

Severance, CO 80550

3 Beds 2.00 Baths Year Built 2018

1,655 Sq. Ft. ($281 / sqft) Days on market: 3

Mark Lovett Cell: 3038680312

23

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Comparable Property Statistics P

3 Pending Listings LOWEST

$550,000

S

AVERAGE

$580,261

HIGH

$597,915

AVG PRICE / SQFT

AVG DOM

$234

96

AVG PRICE / SQFT

AVG DOM

$293

4

3 Sold Listings LOWEST

$465,000

AVERAGE

$531,940

HIGH

$650,820

Mark Lovett Cell: 3038680312

24

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Sold Property Analysis Averages

100.0%

Homes sold for an average of 100.0% of their list price.

4

Days on market

It took an average of 4 days for a home to sell.

Analysis ADDRESS

ORIG LIST PRICE

SOLD PRICE

% OF ORIG LIST PRICE

DOM

$ PER SQFT

$621,670

$650,820

104.69%

1

$324

403 Harrow Street

$485,000

$480,000

98.97%

9

$275

311 Jay Avenue

$460,000

$465,000

101.09%

3

$281

$522,223

$531,940

101.86%

4

$293

207 Silo Court

Averages

Mark Lovett Cell: 3038680312

25

Comparative Market Analysis

157 Hidden Lake Drive, Severance, Colorado 80615

Summary of Comparable Properties P

PENDING LISTINGS

ADDRESS

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

349 Central Avenue

-

4

3.00

2,130

$597,915

$281

343 Central Avenue

-

4

3.00

2,790

$592,870

$212

411 Harrow Street

-

4

3.00

2,636

$550,000

$209

2,518

$580,261

$234

Averages

S

SOLD LISTINGS

ADDRESS

207 Silo Court 403 Harrow Street 311 Jay Avenue

Averages

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

8/5/22

3

2.00

2,010

$650,820

$324

8/15/22

3

3.00

1,743

$480,000

$275

3/8/22

3

2.00

1,655

$465,000

$281

1,802

$531,940

$293

Mark Lovett Cell: 3038680312

26

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.

Results That MOVE You

720.208.7200 TheBarticGroup.com A Veteran Owned Business