1538 Milwaukee St_Price Analysis!

at Keller Williams Integrity

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Tom Secrist OCTOBER 14, 2022

Kyle Gephart

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Online Valuation Analysis How accurate are Zestimates?

1.7%

$10,100

Zestimates varied up to 1.7% or $10,100 compared to actual MLS prices.

S

3 Sold

ADDRESS

1489 Steele Street 101 3000 E 16th Avenue 330 1463 65 N Saint Paul Street

SOLD DATE

SOLD PRICE

ZESTIMATE

DIFFERENCE

7/25/22

$515,000

$523,700

1.7%

8/3/22

$662,500

$672,600

1.5%

9/27/22

$700,522

-

-

Source: Zillow

Kyle Gephart Cell: 720-520-4448

3

1538 Milwaukee St, Denver, CO 80206-1609, Denver County APN: 2363-12-006

Expired Listing

CLIP: 8194500506

MLS Beds 3

MLS Full Baths 1

MLS Half Baths 1

Sale Price $483,000

MLS Sq Ft 1,386

Lot Sq Ft 6,240

Yr Built 1911

Type APT

Sale Date 04/12/2007

OWNER INFORMATION

Owner Name

Secrist Thomas M

Mailing ZIP 4

1609

Mailing Address

1538 Milwaukee St

Mailing Carrier Route

C044

Mailing City & State

Denver, CO

Owner Occupied

Yes

Mailing Zip

80206

LOCATION INFORMATION

Property Zip

80206

Topography

Flat/Level

Property Zip4

1609

Neighborhood Code

S City Park-0256

Property Carrier Route

C044

Neighborhood Name (OnBoard)

City Park

School District

Denver County 1

Traffic

Local

Elementary School

Teller

Township

03S

Middle School

Morey

Range

68W

High School

East

Section

36

Subdivision

Colfax Ave Park Sub

Quarter

SW

Zoning

G-MU-3

Block

15

Census Tract

37.01

Lot

14

PIN

2363-12-006

% Improved

39%

Schedule Number

0236312006000

Tax District

DENV

Legal Description

COLFAX AVE PARK SUB 02363 B1 5 L14 & 15

TAX INFORMATION

ASSESSMENT & TAX

Assessment Year

2022 - Preliminary

2021

2020

2019

Market Value - Land

$501,100

$501,100

$501,100

$501,100

Market Value - Improved

$323,100

$323,100

$343,800

$343,800

Market Value - Total

$824,200

$824,200

$844,900

$844,900

Assessed Value - Land

$34,070

$35,830

$35,830

$35,830

Assessed Value - Improved

$21,970

$23,100

$24,580

$24,580

Assessed Value - Total

$56,040

$58,930

$60,410

$60,410

YOY Assessed Change (%)

-4.9%

-2.45%

0%

YOY Assessed Change ($)

-$2,890

-$1,480

$0

Tax Year

Total Tax

2019

$4,357

Change ($)

Change (%)

2020 2021

$4,482

$126

2.88%

$4,397

-$85

-1.89%

CHARACTERISTICS

Lot Acres

0.1433

Baths - Total

MLS: 2

Lot Sq Ft

6,240

MLS Total Baths

2

Land Use - County

Apartment 2-8 Units

Baths - Full

MLS: 1

Land Use - CoreLogic

Apartment

Baths - Half

MLS: 1

Year Built

Tax: 1911 MLS: 1908

Stories

2

Bldg Sq Ft - Total

2,772

Heat Type

Hot Air

Bldg Sq Ft - Finished

Tax: 2,772 MLS: 1,386

Garage Type

Parking Avail

Basement Type

MLS: Concrete Perimeter

Pool

Concrete

# Buildings

1

Pool Size

57

Total Rooms

12

Quality

Average

Bedrooms

Tax: 6 MLS: 3

FEATURES

Feature Type

Property Details

Size/Qty

Courtesy of Kyle Gephart, 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: 10/14/22 Page 1/3

Covrd Porch

72

Swm Pl-Reinf Cn

57

SELL SCORE

Value As Of

2022-10-09 04:33:38

LISTING INFORMATION

MLS Listing Id

2043652

MLS Current Price

$749,900

MLS Days On Market

52

MLS Original List Price

$765,000

MLS Source

REcolorado

MLS Listing Contract Date

06/24/2022

MLS Status

Expired

MLS List Office Name

BROKERS GUILD HOMES

MLS Status Change Date

10/01/2022

MLS List Agent Full Name

325276-Vivian More

MLS Listing #

2242985

MLS Source History

REcolorado

MLS Status

Expired

MLS Listing Price

$1,485,000

MLS Orig Listing Price

$1,450,000

MLS Listing Date

06/04/2022

MLS Listing Expiration Date

09/30/2022

LAST MARKET SALE & SALES HISTORY

Sale Date

04/12/2007

Deed Type

Warranty Deed

Sale Price

$483,000

Owner Name

Secrist Thomas M

Price per SqFt - Finished

$174.24

Seller

Rutter Tom

Document Number

62646

Sale Date

04/12/2007

09/21/1995

Sale Price

$483,000

$110,000

07/08/1994

Buyer

Secrist Thomas M

Rutter Tom

Danahey Elvira C

Seller

Rutter Tom

Danahey Elvira C

Danahey Elvira C

Document Number

62646

118076

110696

Document Type

Warranty Deed

Warranty Deed

Personal Representative's Deed

Title Company

Land Title Corp

Nominal

Y

MORTGAGE HISTORY

Mortgage Date

10/28/2021

07/29/2016

09/08/2014

02/08/2011

10/18/2007

Mortgage Amount

$300,000

$150,000

$406,920

$424,505

$440,000

Mortgage Lender

Umb Bk

Umb Bk

Goldwater Bk Na

Jp Morgan Chase Bk

Washington Mutual Bk Fa

Borrower

Secrist Thomas M

Secrist Thomas M

Secrist Thomas M

Secrist Thomas M

Secrist Thomas M

Mortgage Type

Conventional

Conventional

Conventional

Conventional

Conventional

Mortgage Purpose

Refi

Refi

Refi

Refi

Refi

Mortgage Int Rate

3.75

Mortgage Int Rate Type

Adjustable Int Rate Loa n

Adjustable Int Rate Loa n

Mortgage Term

30

30

30

Mortgage Term

Years

Years

Years

Title Company

American Hm Title & E scrow Co

Old Republic Title

Land Title Guarantee

Mortgage Date

04/18/2007

12/09/2002

09/26/1995

Mortgage Amount

$200,000

$239,200

$109,254

Cherry Creek Mtg

Mellon Mtg Co

Rutter Tom

Rutter Tom

Conventional

Fha

Refi

Resale

Mortgage Lender Borrower

Secrist Thomas M

Mortgage Type Mortgage Purpose

Construction

Mortgage Int Rate

6

Mortgage Int Rate Type

Fixed Rate Loan

Mortgage Term

1

15

Mortgage Term

Years

Years

Title Company

Property Details

Courtesy of Kyle Gephart, 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: 10/14/22 Page 2/3

PROPERTY MAP

*Lot Dimensions are Estimated

Property Details

Courtesy of Kyle Gephart, 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: 10/14/22 Page 3/3

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Map of Comparable Listings

STATUS:

MLS #

STATUS

ADDRESS

BEDS

BATHS

1538 Milwaukee St

3

S = CLOSED

SQFT

PRICE

2.00

1,386

-

1

Subject

2

4053908

S

1489 Steele Street 101

2

2.00

1,132

$515,000

3

9326548

S

3000 E 16th Avenue 330

3

3.00

1,374

$662,500

4

7202716

S

1463 65 N Saint Paul Street

3

2.00

2,397

$700,522

Kyle Gephart Cell: 720-520-4448

5

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

1489 Steele Street 101

Denver, CO 80206

$515,000 CLOSED

2 Beds 2.00 Baths Year Built 2001

7/25/22

MLS #4053908 1,132 Sq. Ft. ($455 / sqft) Days on market: 3

Details Prop Type: Condominium County: Denver

Full baths: 2.0

School District: Denver 1

Lot Size (sqft):

Updated: Jul 26, 2022 2:36 AM

Middle: Morey Elementary: Teller

Garages: 1

List Price: $490,000

Subdivision: Congress Park

List date: 6/21/22

Orig list price: $490,000

Style: Urban Contemporary

Sold date: 7/25/22

Assoc Fee: $420

Off-market date: 6/24/22

Taxes: $2,112

Association Fee Includes: Capital Reserves, Exterior Maintenance w/out Roof, Insurance, Irrigation Water, Maintenance Grounds, Recycling, Sewer, Snow Removal, Trash, Water

Association Phone: 303-232-9200

Association Name: Colorado Association Services, AAMC

Concessions: No

High: East

Features Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Range, Refrigerator, Washer Association Amenities: Bike Storage, Elevator(s), Storage Association Fee Frequency: Monthly

Association Yn: true

Exterior Features: Balcony, Elevator, Lighting

Building Area Source: Public Records

Flooring: Carpet, Tile, Wood

Building Name: Chamberlin Heights

Furnished: Unfurnished

Common Walls: End Unit

Interior Features: Eat-in Kitchen, Elevator, High Ceilings, Kitchen Island, Open Floorplan

Construction Materials: Brick

Heating: Forced Air

Cooling: Central Air

Kyle Gephart Cell: 720-520-4448

6

Comparative Market Analysis

Laundry Features: In Unit Levels: One Listing Terms: 1031 Exchange, Cash, Conventional, VA Loan Living Area Total: 1132

1538 Milwaukee Street, Denver, Colorado 80206

Parking Total: 1 Patio And Porch: Covered Pets Allowed: Cats OK, Dogs OK Roof: Composition

Security Features: Carbon Monoxide Detector(s), Key Card Entry, Secured Garage/ Parking, Security Entrance, Smoke Detector(s)

Main Level Bathrooms: 2

Senior Community Yn: false

Main Level Bedrooms: 2

Sewer: Public Sewer

Structure Type: Low Rise (1-3) Tax Legal Description: CHAMBERLIN HEIGHTS CONDOS U-101 PRK-15 STR-5 Tax Year: 2021 View: City Zoning: R-4-X

Remarks Light filled Chamberlin Heights condo just blocks from Congress and City Park. This home lives like an end unit sharing only one wall, with large trimmed windows on the other. Open living creates endless possibilities for entertaining and maximizing the use of this space. The living room features a gas fireplace, perfect for cooler nights, and shares a large dining space perfect for hosting dinners and game nights. A beautiful covered brick patio flows directly from the dining area, creating functional indoor/outdoor living.

Open to the living/dining area, the kitchen features modern cabinetry, a gas range, granite countertops and newer appliances. The primary bedroom features a large walk-in closet with shelving (plenty of room for storage!) and an en suite bathroom. Rounding out this home is a large secondary bedroom, full bathroom and in-home laundry. Updates include central AC, fresh paint throughout and new hardware/lighting fixture. This property also comes with one assigned parking space in the common/secured garage, a storage locker and designated bike storage. Excellent location close to public transportation, restaurants, parks, nightlife, shopping and more! You will love enjoying this neighborhood from your new home!

Kyle Gephart Cell: 720-520-4448

7

Comparative Market Analysis

1489 Steele Street 101 $515,000 CLOSED

7/25/22

1538 Milwaukee Street, Denver, Colorado 80206 Denver, CO 80206

2 Beds 2.00 Baths Year Built 2001

MLS #4053908 1,132 Sq. Ft. ($455 / sqft) Days on market: 3

Kyle Gephart Cell: 720-520-4448

8

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

3000 E 16th Avenue 330 $662,500 CLOSED

Denver, CO 80206

3 Beds 3.00 Baths Year Built 2006

8/3/22

MLS #9326548 1,374 Sq. Ft. ($482 / sqft) Days on market: 11

Details Prop Type: Condominium County: Denver Subdivision: City Park Full baths: 2.0

Lot Size (sqft):

School District: Denver 1

Garages: 1

Updated: Aug 3, 2022 11:18 AM

List date: 6/23/22

List Price: $649,900

Middle: Morey

Sold date: 8/3/22

Orig list price: $649,900

Elementary: Teller

Off-market date: 7/4/22

Assoc Fee: $615

Half baths: 1.0

High: East

Taxes: $2,930

Features Association Fee Frequency: Monthly

Building Area Source: Public Records

Distance To Bus Numeric: 1

Main Level Bathrooms: 2

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Common Walls: End Unit, No One Above

Distance To Bus Units: Blocks

Parking Total: 2

Concessions: Buyer Closing Costs/Seller Points Paid

Exterior Features: Balcony Heating: Forced Air

Concessions Amount: 25000

Pets Allowed: Cats OK, Dogs OK

Laundry Features: In Unit, Laundry Closet

Construction Materials: Brick, Concrete, Frame

Property Condition: Updated/Remodeled

Levels: Two

Road Responsibility: Public Maintained Road

Association Name: K3 Management Association Phone: 303-798-0054 Association Yn: true

Cooling: Central Air

Listing Terms: Cash, Conventional Living Area Total: 1374

Main Level Bedrooms: 1 Patio And Porch: Covered

Road Surface Type: Paved

Kyle Gephart Cell: 720-520-4448

9

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Roof: Unknown

Sewer: Public Sewer

Senior Community Yn: false

Structure Type: Low Rise (1-3)

Tax Legal Description: WONDERLAND AT CITY PARK SOUTH CONDOS U-330 PRK-34 & 39 STR-10

Tax Year: 2021 Zoning: H-2

Remarks One of a kind 2-story penthouse in the perfect City Park location. This true 3 bedroom 2.5 bathroom condo features new quartz counters, new stainless steel appliances, new paint, new lights, shaker style cabinets, wood floors, and more. The main level is drenched in natural light from the corner windows and features the updated kitchen, comfortable dining room and living room with a gas fireplace, spacious balcony, a half bath, and a well-sized primary suite with attached bathroom and walk-in closet. Walk up to the 2nd level to find another primary suite also with an attached bathroom plus the 3rd bedroom with a private balcony.

Add in 2 parking spaces and a storage unit and this home truly has everything you have been waiting for.

Live 1 block to City Park and 1 block to all the shops and restaurants along Colfax plus nearby 17th Ave's restaurant row. This is an incredible opportunity to own a penthouse home in an amazing location.

Welcome home.

Kyle Gephart Cell: 720-520-4448

10

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

3000 E 16th Avenue 330 $662,500 CLOSED

8/3/22

Denver, CO 80206

3 Beds 3.00 Baths Year Built 2006

MLS #9326548 1,374 Sq. Ft. ($482 / sqft) Days on market: 11

Kyle Gephart Cell: 720-520-4448

11

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

1463 65 N Saint Paul Street $700,522 CLOSED

Denver, CO 80206

3 Beds 2.00 Baths Year Built 1900

9/27/22

MLS #7202716 2,397 Sq. Ft. ($292 / sqft) Days on market: 39

Details Prop Type: Multi-Family

Lot Size (sqft):

County: Denver Subdivision: Chamberlins Sub

School District: Denver 1

List date: 7/22/22

Updated: Sep 28, 2022 5:18 AM

Sold date: 9/27/22

List Price: $775,000

Middle: Morey

Off-market date: 9/13/22

Orig list price: $775,000

Elementary: Teller

Full baths: 2.0

High: East

Taxes: $3,497

Features Appliances: Oven, Refrigerator

Cooling: None

Association Yn: false Basement: Full Below Grade Unfinished Area: 264.0 Builder Model: Denver Square Common Walls: 1 Common Wall Concessions: No Construction Materials: Brick

Direction Faces: East

Listing Terms: Cash, Conventional

Senior Community Yn: false

Fencing: Partial

Living Area Total: 2397

Sewer: Public Sewer

Fireplace Features: Living Room

Main Level Bathrooms: 1

Structure Type: Duplex

Main Level Bedrooms: 1

Fireplaces Total: 1 Flooring: Vinyl, Wood

Parking Features: Asphalt

Tax Legal Description: CHAMBERLINS SUB B3 L42 & S/2 OF L43

Heating: Forced Air

Parking Total: 3

Tax Year: 2019

Interior Features: Eat-in Kitchen, High Ceilings

Patio And Porch: Covered, Front Porch

Utilities: Cable Available

Levels: Two

Property Condition: Fixer

Zoning: U-RH-3A

Water Source: Public

Roof: Composition

Kyle Gephart Cell: 720-520-4448

12

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Remarks Great Investment Opportunity! This Denver Square has two units, one is a 2 bedroom, the other a 1 bedroom. Needs interior cosmetic updating but has great bones! Can be turned back into a single family home. Both units have original fireplaces, leaded glass windows, original hardwood flooring, high ceilings and TONS of potential!! Basement finishing for another unit is a possibility. Must check with city zoning.

Three off-street, asphalted parking spaces. New Roof 2014 and new electric service panels 2014. New back stairwell and lots of other repairs have been completed. Walking distance to RTD and restaurants.

Kyle Gephart Cell: 720-520-4448

13

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

1463 65 N Saint Paul Street $700,522 CLOSED

9/27/22

Denver, CO 80206

3 Beds 2.00 Baths Year Built 1900

MLS #7202716 2,397 Sq. Ft. ($292 / sqft) Days on market: 39

Kyle Gephart Cell: 720-520-4448

14

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Comparable Property Statistics S

3 Sold Listings LOWEST

$515,000

AVERAGE

$626,007

HIGH

$700,522

AVG PRICE / SQFT

AVG DOM

$410

17

Kyle Gephart Cell: 720-520-4448

15

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Sold Property Analysis Averages

98.1%

Homes sold for an average of 98.1% of their list price.

17

Days on market

It took an average of 17 days for a home to sell.

Analysis ADDRESS

ORIG LIST PRICE

SOLD PRICE

% OF ORIG LIST PRICE

DOM

$ PER SQFT

1489 Steele Street 101

$490,000

$515,000

105.10%

3

$455

3000 E 16th Avenue 330

$649,900

$662,500

101.94%

11

$482

1463 65 N Saint Paul Street

$775,000

$700,522

90.39%

39

$292

$638,300

$626,007

98.07%

17

$410

Averages

Kyle Gephart Cell: 720-520-4448

16

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Summary of Comparable Properties S

SOLD LISTINGS

ADDRESS

1489 Steele Street 101 3000 E 16th Avenue 330 1463 65 N Saint Paul Street

Averages

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

7/25/22

2

2.00

1,132

$515,000

$455

8/3/22

3

3.00

1,374

$662,500

$482

9/27/22

3

2.00

2,397

$700,522

$292

1,634

$626,007

$410

Kyle Gephart Cell: 720-520-4448

17

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.

Comparative Market Analysis

1538 Milwaukee Street, Denver, Colorado 80206

Marketing Action Plan Below are a few of the services we can provide as part of the marketing of your home. Before we can get started, the first important step is to: Sign and complete the Listing Agreement

First Week Enter listing into the MLS system.

Put up "For Sale" yard sign.

Install lock box. (optional) Schedule time to shoot property photos.

Review showing procedure.

Prepare property flyer.

Syndicate listing to real estate websites.

Second Week Invite brokers and agents to tour home.

Begin agent to agent marketing efforts.

Review and update status.

Third Week Hold Open House.

Ongoing activities Show property to potential buyers.

Follow-up on Internet leads.

Monitor market conditions.

Monitor comparable properties for sale.

Monitor foreclosures and short sales in market.

Kyle Gephart Cell: 720-520-4448

19

Results That MOVE You

720.208.7200 TheBarticGroup.com A Veteran Owned Business