Active Market Analysis_6777 W Mexico Place

at Keller Williams Integrity

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

Rosa Cervantes OCTOBER 7, 2022

Kyle Gephart

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

Online Valuation Analysis How accurate are Zestimates?

0.0%

$3

Zestimates varied up to 0.0% or $3 compared to actual MLS prices.

A

1 Active

ADDRESS

7005 W Iowa Avenue

PRICE

ZESTIMATE

DIFFERENCE

$600,000

$600,003

0.0%

Source: Zillow

Kyle Gephart Cell: 720-520-4448

3

6777 W Mexico Pl, Lakewood, CO 80232-7133, Jefferson County APN: 186946

Expired Listing

CLIP: 2205821680

MLS Beds 3

MLS Full Baths 3

MLS Half Baths 1

Sale Price $380,000

MLS Sq Ft 1,628

Lot Sq Ft 8,230

Yr Built 1990

Type SFR

Sale Date 08/31/2017

OWNER INFORMATION

Owner Name

Cervantes Rosa M Morales

Mailing Zip

80232

Owner Name 2

Corona Roberto Venustiano Cast

Mailing ZIP 4

7133

Mailing Address

6777 W Mexico Pl

Mailing Carrier Route

C009

Mailing City & State

Lakewood, CO

Owner Occupied

Yes

Property Zip

80232

Neighborhood Code

Sun Valley Estates-3011

Property Zip4

7133

Neighborhood Name (OnBoard)

Lasley

Property Carrier Route

C009

Township

04

School District

Jefferson County R-1

Range

69

Elementary School

Lasley

Section

24

Middle School

Alameda Int'l

Quarter

SW

High School

Alameda

Block

4

Subdivision

Sanderson Creek

Lot

2

Census Tract

118.04

LOCATION INFORMATION

TAX INFORMATION

PIN

186946

% Improved

67%

Alternate PIN

49-243-12-052

Tax District

7015

Schedule Number

186946

Legal Description

SECTION 24 TOWNSHIP 04 RANG E 69 QTR SW SUBDIVISIONCD 656 800 SUBDIVISIONNAME SANDERS ON CREEK BLOCK 004 LOT 0002 SIZE: 8230 TRACT 00A VALUE: .18 9

ASSESSMENT & TAX

Assessment Year

2021

2020

2019

Market Value - Land

$146,339

$133,327

$133,327

Market Value - Improved

$293,062

$271,014

$271,014

Market Value - Total

$439,401

$404,341

$404,341

Assessed Value - Land

$10,463

$9,533

$9,533

Assessed Value - Improved

$20,954

$19,378

$19,378

Assessed Value - Total

$31,417

$28,911

$28,911

YOY Assessed Change (%)

8.67%

0%

YOY Assessed Change ($)

$2,506

$0

Tax Year

Total Tax

Change ($)

Change (%)

2019

$2,622

2020

$2,656

$34

1.29%

2021

$2,895

$240

9.04%

CHARACTERISTICS

Lot Acres

0.1889

Baths - Total

4

Lot Sq Ft

8,230

MLS Total Baths

4

Land Use - CoreLogic

SFR

Baths - Full

3

Building Type

Single Family

Baths - Half

1

Year Built

1990

Stories

2

Bldg Sq Ft - Above Ground

1,628

Fireplace

Y

Bldg Sq Ft - Basement

883

Fireplaces

1

Bldg Sq Ft - Finished Basement

840

Heat Type

Forced Air

Bldg Sq Ft - Unfinished Basement

43

Patio Type

Deck

Bldg Sq Ft - Total

2,511

Garage Type

Attached Garage

Bldg Sq Ft - Finished

1,628

Garage Capacity

MLS: 2

Bldg Sq Ft - 1st Floor

904

Garage Sq Ft

473

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: 10/07/22 Page 1/3

Bldg Sq Ft - 2nd Floor

724

Construction

Wood

Basement Type

Partial Finished

Water

Type Unknown

# Buildings

1

Sewer

Type Unknown

Bedrooms

3

Quality

Average

FEATURES

Feature Type

Size/Qty

Attached Garage

473

Wood Deck

330

Second Floor

724

Basement Total

883

First Floor

904

SELL SCORE

Rating

High

Sell Score

630

Value As Of

2022-10-02 04:33:28

LISTING INFORMATION

MLS Listing Id

7697917

MLS Current Price

$625,000

MLS Days On Market

1

MLS Original List Price

$625,000

MLS Source

REcolorado

MLS Listing Contract Date

07/20/2021

MLS Status

Expired

MLS List Office Name

KELLER WILLIAMS REALTY LLC

MLS Status Change Date

07/19/2022

MLS List Agent Full Name

036552-Tirso Abarca

MLS Listing #

5017912

449598

MLS Source History

REcolorado

REcolorado

MLS Status

Closed

Closed

MLS Listing Price

$379,999

$269,900

MLS Orig Listing Price

$390,000

$287,500

MLS Listing Close Price

$380,000

$264,900

MLS Listing Date

07/24/2017

04/29/2006

MLS Close Date

08/31/2017

09/28/2007

LAST MARKET SALE & SALES HISTORY

Sale Date

08/31/2017

Deed Type

Warranty Deed

Sale Price

$380,000

Owner Name

Cervantes Rosa M Morales

Price per SqFt - Finished

$233.42

Owner Name 2

Corona Roberto Venustiano Cast

Document Number

90614

Seller

Thorn Terri J

Sale Date

09/16/2020

Sale Price Nominal

Y

Buyer

Cervantes Rosa M M

Buyer

Corona Roberto Vc

Seller

08/31/2017

09/28/2007

$380,000

$264,900

07/13/2003

07/09/2003 $132,915

Y Cervantes Rosa M M

Thorn Terri J

Cervantes Rosa M M

Thorn Terri J

Rider Judith L

Allen Christine A

Public Trustee Of Jeffe rson Cnty

Document Number

123438

90614

111931

F1804904

F1803306

Document Type

Quit Claim Deed

Warranty Deed

Warranty Deed

Quit Claim Deed

Public Trustees Deed

Land Title Guarantee

Town And Country Titl e

Title Company

Rider Judith L

Trans-Western Mgmt G roup Inc

Reynolds Gregory A

Sale Date

05/03/2003

07/28/1989

Sale Price

$120,000

Nominal

Y

Y

Buyer

Allen Christine A

Wmpl Trust

Allen Robert E

Seller

Allen Robert E

Allen Robert & Christine

Village Homes Ltd

Document Number

F1772579

F1744116

89065322

Document Type

Quit Claim Deed

Quit Claim Deed

Warranty Deed

Buyer

Title Company MORTGAGE HISTORY

Mortgage Date

Property Details

11/03/2021

08/02/2021

09/01/2017

09/01/2017

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.

10/12/2010

Generated on: 10/07/22 Page 2/3

Mortgage Amount

$12,806

$290,000

$373,117

$18,655

$205,262

Mortgage Lender

Secretary/Hsng & Urba n Dev

Capital Fndg

Fairway Independent M tg Corp

Colorado Hsng & Fin A uth

Wells Fargo Bk Na

Borrower

Cervantes Rosa M M

Cervantes Rosa M M

Cervantes Rosa M M

Cervantes Rosa M M

Thorn Terri J

Mortgage Type

Fha

Conventional

Fha

Conventional

Conventional

Mortgage Purpose

Refi

Refi

Resale

Resale

Refi

Borrower

Mortgage Int Rate Type Mortgage Term

25

30

30

30

Mortgage Term

Years

Years

Years

Years

Title Company

Attorney Only

Land Title Guarantee

Custom Recording Sol utions

Mortgage Date

10/02/2007

09/26/2003

03/09/1999

Mortgage Amount

$211,920

$190,000

$40,000

Mortgage Lender

Wells Fargo Bk Na

American Mtg Network Inc

Midwest Mtg Fin LLC

Borrower

Thorn Terri J

Reynolds Gregory A

Allen Robert E

Braning Pegi A

Allen Christine A

Borrower Mortgage Type

Conventional

Conventional

Conventional

Mortgage Purpose

Resale

Refi

Refi

Mortgage Int Rate Type

Fixed Rate Loan

Mortgage Term

30

30

Mortgage Term

Years

Years

Title Company

Transnation Title Ins Co

FORECLOSURE HISTORY

Document Type

Release Of Lis Pendens/Notic e

Notice Of Trustee's Sale

Notice Of Trustee's Sale

Default Date

Notice Of Trustee's Sale 04/16/2003

Foreclosure Filing Date

04/17/2017

Recording Date

09/15/2017

04/27/2017

04/29/2003

04/29/2003

Document Number

94892

43912

F1737869

F1737864

$184,270

$40,000

$117,623

Final Judgment Amount Original Doc Date

04/27/2017

10/12/2010

03/09/1999

12/13/1994

Original Document Number

43912

90314

F0818999

191741

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: 10/07/22 Page 3/3

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

Map of Comparable Listings

STATUS:

MLS #

1

Subject

2

4497425

STATUS

A

ADDRESS

A = ACTIVE

BEDS

BATHS

SQFT

PRICE

6777 W Mexico Pl

3

4.00

1,628

-

7005 W Iowa Avenue

4

3.00

2,408

$600,000

Kyle Gephart Cell: 720-520-4448

5

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

7005 W Iowa Avenue

Lakewood, CO 80232

$600,000 ACTIVE

4 Beds 3.00 Baths Year Built 1956

9/23/22

MLS #4497425 2,408 Sq. Ft. ($249 / sqft) Days on market: 14

Details Prop Type: Single Family Residence

Half baths: 1.0 Lot Size (sqft): 8,475

Updated: Sep 23, 2022 8:14 AM

School District: Jefferson County R-1

County: Jefferson

Garages: 2

List Price: $600,000

High: Alameda Int'l

Subdivision: Lasley

List date: 9/23/22

Orig list price: $600,000

Middle: Alameda Int'l

Taxes: $2,064

Elementary: Lasley

Listing Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan

Roof: Composition

Full baths: 2.0

Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Washer

Fireplace Features: Family Room Fireplaces Total: 1

Association Yn: false

Flooring: Carpet, Tile, Wood

Basement: Finished, Full

Heating: Forced Air

Carport Spaces: 1

Interior Features: Built-in Features, Granite Counters, Jet Action Tub

Construction Materials: Brick Cooling: Central Air Exterior Features: Private Yard Fencing: Full

Living Area Total: 2408 Lot Features: Corner Lot, Level, Sprinklers In Front, Sprinklers In Rear

Security Features: Video Doorbell Senior Community Yn: false Sewer: Public Sewer Structure Type: House

Main Level Bathrooms: 2

Laundry Features: In Unit

Main Level Bedrooms: 3

Levels: One

Patio And Porch: Covered, Front Porch, Patio

Parking Total: 5

Kyle Gephart Cell: 720-520-4448

6

Active Market Analysis

Tax Legal Description: SECTION 23 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 104600 SUBDIVISIONNAME CALAHAN HOMES UNIT 1 BLOCK 007 LOT 0014 SIZE: 8475 TRACT VALUE: .195

6777 West Mexico Place, Lakewood, Colorado 80232

Tax Year: 2021 Vegetation: Grassed, Xeriscaping Water Source: Public

Remarks Charming ranch home in the heart of Lakewood! This home has been well cared for and it shines with pride of ownership. Immediately upon entering, you'll find a living room/entry foyer, galley kitchen, and dining space. Through the kitchen is a large add-on family room centering around a wood fire place and built in beetle kill pine accent wall and shelving. Off to the right of the entrance is a half bath, three bedrooms, and around the corner is a 3/4 bath. The basement was recently updated with new carpet and paint. The basement boasts a fourth bedroom, full bathroom with jetted tub, built in storage cabinets, and a large living space. The exterior of the home is one of the best features! The front yard has been meticulously xeriscaped and the private back yard has been well maintained and manicured. On the east side of the home, make sure to check out the oversized two car garage with an expanded area for storage and built in work benches.

Kyle Gephart Cell: 720-520-4448

7

Active Market Analysis

7005 W Iowa Avenue $600,000 ACTIVE

9/23/22

6777 West Mexico Place, Lakewood, Colorado 80232 Lakewood, CO 80232

4 Beds 3.00 Baths Year Built 1956

MLS #4497425 2,408 Sq. Ft. ($249 / sqft) Days on market: 14

Kyle Gephart Cell: 720-520-4448

8

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

Comparable Property Statistics A

1 Active Listings LOWEST

$600,000

AVERAGE

$600,000

HIGH

$600,000

AVG PRICE / SQFT

AVG DOM

$249

14

Kyle Gephart Cell: 720-520-4448

9

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

Summary of Comparable Properties A

ACTIVE LISTINGS

ADDRESS

7005 W Iowa Avenue

Averages

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

-

4

3.00

2,408

$600,000

$249

2,408

$600,000

$249

Kyle Gephart Cell: 720-520-4448

10

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.

Active Market Analysis

6777 West Mexico Place, Lakewood, Colorado 80232

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

12

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