Comparable Market Analysis for 18681 E Water Drive Unit B

at Keller Williams Integrity

Comparative Market Analysis

18681 E WATER DR UNIT B

Comparable Market Analysis for 18681 E Water Dr Unit B SEPTEMBER 18, 2022

Kendra Madrid

18681 E Water Dr #B, Aurora, CO 80013-6486, Arapahoe County APN: 1975-27-3-42-002

CLIP: 7173221227

MLS Beds 2

MLS Full Baths 2

Half Baths N/A

MLS Sale Price $210,000

MLS Sq Ft 1,096

Lot Sq Ft 871

Yr Built 2003

Type CONDO

MLS Sale Date 04/06/2017

OWNER INFORMATION

Owner Name

Fairclough Daniel J

Mailing Zip

80013

Owner Name 2

Fairclough Alyssa N

Mailing ZIP 4

6486

Mailing Address

18681 E Water Dr #b

Mailing Carrier Route

C035

Mailing City & State

Aurora, CO

Owner Occupied

Yes

Property Zip

80013

Topography

Flat/Level

Property Zip4

6486

Neighborhood Code

1882-1882

Property Carrier Route

C035

Township

04S

School District

Adams-Arapahoe 28j

Range

66W

Elementary School

Side Creek

Section

27

Middle School

Mrachek

Quarter

SW

High School

Rangeview

Block

681

Subdivision

Rock Ridge Condo 10th Suppl

Lot

B

Census Tract

831.00

LOCATION INFORMATION

TAX INFORMATION

PIN

1975-27-3-42-002

% Improved

83%

Alternate PIN

034516379

Tax District

0155

Schedule Number

197527342002

Legal Description

UNIT B BLDG 18681 AS PER CON DO DECLARATION RECORDED O N RECEPTION #B3213684 ROCK R IDGE CONDOMINIUMS 10TH SUPP LEMENT EX M/R'S

ASSESSMENT & TAX

Assessment Year

2022 - Preliminary

2021

2020

2019

Market Value - Land

$42,000

$42,000

$48,000

$48,000

Market Value - Improved

$211,600

$211,600

$188,000

$188,000

Market Value - Total

$253,600

$253,600

$236,000

$236,000

Assessed Value - Land

$3,003

$3,003

$3,432

$3,432

Assessed Value - Improved

$15,129

$15,129

$13,442

$13,442

Assessed Value - Total

$18,132

$18,132

$16,874

$16,874

YOY Assessed Change (%)

0%

7.46%

0%

YOY Assessed Change ($)

$0

$1,258

$0

Tax Year

Total Tax

2019

$2,676

Change ($)

Change (%)

2020 2021

$2,651

-$24

-0.91%

$2,788

$137

5.15%

CHARACTERISTICS

Lot Acres

0.02

Stories

1

Lot Sq Ft

871

Fireplace

Y

Land Use - County

Condominium-Low Rise

Fireplaces

1

Land Use - CoreLogic

Condominium

Cooling Type

Central

Building Type

Residential Condo

Heat Fuel Type

Gas

Style

Ranch

Heat Type

Forced Air

Year Built

2003

Patio Type

Patio/Terrace

Bldg Sq Ft - Above Ground

1,096

Garage Type

Attached Garage

Bldg Sq Ft - Finished

1,096

Garage Capacity

MLS: 1

Bldg Sq Ft - 1st Floor

1,096

Garage Sq Ft

282

# Buildings

1

Roof Material

Asphalt Shingle

Bedrooms

2

Exterior

Wood Siding

Baths - Total

2

Foundation

Concrete

Property Details

Courtesy of Kendra Madrid, 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: 09/19/22 Page 1/3

MLS Total Baths

2

Baths - Full

2

Quality

Good

FEATURES

Feature Type

Size/Qty

Attached Garage

282

Covered Porch

42

Patio Slab Or Terrace

77

First Floor

1,096

Covered Porch

77

SELL SCORE

Rating

Low

Sell Score

471

Value As Of

2022-09-11 05:36:43

LISTING INFORMATION

MLS Listing Id

5015566

MLS Close Price

$210,000

MLS Days On Market

5

MLS Listing Contract Date

03/03/2017

MLS Source

REcolorado

MLS Close Date

04/06/2017

MLS Status

Closed

MLS List Office Name

BHHS INNOVATIVE REAL ESTATE

MLS Status Change Date

04/06/2017

MLS List Agent Full Name

05747n-Dustin Griffith

MLS Current Price

$205,000

MLS Buyer Agent Full Name

311244-Lois Bradbury

MLS Original List Price

$205,000

MLS Buyer Office Name

RE/MAX PROFESSIONALS

MLS Listing #

8133866

MLS Source History

REcolorado

MLS Status

Closed

MLS Listing Price

$160,000

MLS Orig Listing Price

$160,000

MLS Listing Close Price

$159,000

MLS Listing Date

03/13/2015

MLS Close Date

04/10/2015

LAST MARKET SALE & SALES HISTORY

Sale Date

04/06/2017

Deed Type

Warranty Deed

Sale Price

$210,000

Owner Name

Fairclough Daniel J

Price per SqFt - Finished

$191.61

Owner Name 2

Fairclough Alyssa N

Document Number

D7040903

Seller

Pettit Katherine

Sale Date

04/06/2017

04/10/2015

Sale Price

$210,000

$159,000

Buyer

Fairclough Daniel J & Alyssa N

Pettit Katherine

Downing Samantha C

Downing Samantha C

Norstar Residential Lllp

Buyer

Fairclough Alyssa N

Seller

Pettit Katherine

Downing Samantha C

Norstar Residential Lllp

Rock Ridge Aurora Lllp

Rock Ridge Aurora Lllp

Document Number

D7040903

D5035789

D5034753

B4102508

B4092833

Document Type

Warranty Deed

Warranty Deed

Correction Deed

Special Warranty Deed

Special Warranty Deed

Title Company

First American Title Ins urance

Colorado Title Guarant y Co

Land Title Guarantee

Land Title Guarantee

Land Title Corp

Nominal

04/08/2015

05/27/2004

04/12/2004

$152,952 Y

Y

Multi/Split Sale Type

Multi

MORTGAGE HISTORY

Mortgage Date

04/11/2017

04/13/2015

09/06/2012

08/02/2005

06/07/2004

Mortgage Amount

$199,500

$102,709

$130,868

$146,662

$148,363

Mortgage Lender

Guild Mtg Co

Guild Mtg Co

James B Nutter & Co

James B Nutter & Co

Wr Starkey Mtg Llp

Borrower

Fairclough Daniel J & Alyssa N

Pettit Katherine

Downing Samantha C

Downing Samantha C

Downing Samantha C

Borrower

Fairclough Alyssa N

Mortgage Type

Conventional

Conventional

Fha

Fha

Fha

Mortgage Purpose

Resale

Resale

Refi

Refi

1st Time Sale

Mortgage Int Rate

5.5

7

Mortgage Int Rate Type

Fixed Rate Loan

Fixed Rate Loan

Mortgage Term

30

30

30

30

30

Mortgage Term

Years

Years

Years

Years

Years

Property Details

Courtesy of Kendra Madrid, 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: 09/19/22 Page 2/3

Title Company

Other

Nations Title Agency

PROPERTY MAP

*Lot Dimensions are Estimated

Property Details

Courtesy of Kendra Madrid, 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: 09/19/22 Page 3/3

Comparative Market Analysis

18681 E WATER DR UNIT B

Online Valuation Analysis How accurate are Zestimates?

0.7%

$2,400

Zestimates varied up to 0.7% or $2,400 compared to actual MLS prices.

S

8 Sold

ADDRESS

SOLD DATE

SOLD PRICE

ZESTIMATE

DIFFERENCE

5/13/22

$329,000

$330,000

0.3%

6/7/22

$335,000

$335,000

0.0%

2541 S Bahama Circle C

8/12/22

$337,000

$337,100

0.0%

18781 E Water Drive C

5/11/22

$340,000

$341,300

0.4%

18631 E Water Drive B

6/23/22

$346,000

$345,800

-0.1%

18821 E Water Drive B

4/26/22

$353,000

$355,400

0.7%

18781 E Water Drive A

4/29/22

$355,500

$356,400

0.3%

18761 E Water Drive A

5/10/22

$357,000

$358,400

0.4%

2501 S Bahama Circle C 18681 E Water Drive F

Source: Zillow

Kendra Madrid Cell: 7203573397

4

Comparative Market Analysis

18681 E WATER DR UNIT B

Map of Comparable Listings

STATUS:

MLS #

STATUS

ADDRESS

S = CLOSED

BEDS

BATHS

SQFT

PRICE

18681 E WATER DR UNIT B

2

2.00

-

-

1

Subject

2

1737691

S

2501 S Bahama Circle C

2

2.00

988

$329,000

3

3171010

S

18681 E Water Drive F

2

2.00

988

$335,000

4

8854582

S

2541 S Bahama Circle C

2

2.00

988

$337,000

5

8803913

S

18781 E Water Drive C

2

2.00

988

$340,000

6

1800569

S

18631 E Water Drive B

2

2.00

1,096

$346,000

7

6827115

S

18821 E Water Drive B

2

2.00

1,096

$353,000

8

7270434

S

18781 E Water Drive A

2

2.00

1,096

$355,500

9

9105697

S

18761 E Water Drive A

2

2.00

1,096

$357,000

Kendra Madrid Cell: 7203573397

5

Comparative Market Analysis

18681 E WATER DR UNIT B

2501 S Bahama Circle C $329,000 CLOSED

Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

5/13/22

MLS #1737691 988 Sq. Ft. ($333 / sqft) Days on market: 3

Details Prop Type: Condominium

Garages: 1

List Price: $329,000

High: Rangeview

County: Arapahoe

List date: 4/8/22

Orig list price: $329,000

Middle: Mrachek

Subdivision: Rock Ridge Condo 13th Suppl

Sold date: 5/13/22

Assoc Fee: $264

Elementary: Side Creek

Off-market date: 4/11/22

Taxes: $2,705

Full baths: 2.0

Updated: May 19, 2022 9:20 AM

School District: AdamsArapahoe 28J

Appliances: Microwave, Oven, Refrigerator

Construction Materials: Frame, Stone

Listing Terms: Cash, Conventional

Structure Type: Low Rise (1-3)

Association Fee Frequency: Monthly

Cooling: Central Air

Living Area Total: 988

Fireplace Features: Living Room

Main Level Bathrooms: 2

Fireplaces Total: 1

Parking Total: 1

Flooring: Linoleum, Wood

Patio And Porch: Covered, Patio

Tax Legal Description: UNIT C BLDG 2501 AS PER CONDO DECLARATION RECORDED ON RECEPTION #B3213684 ROCK RIDGE CONDOMINIUMS 13TH SUPPLEMENT EX M/R'S

Interior Features: Ceiling Fan(s), Vaulted Ceiling(s)

Roof: Composition

Tax Year: 2021

Senior Community Yn: false

Water Source: Public

Levels: One

Sewer: Public Sewer

Lot Size (sqft): 777

Features

Association Name: Colorado Property Management Specialists Association Phone: 3038418658 Association Yn: true Common Walls: End Unit Concessions: No

Heating: Forced Air

Main Level Bedrooms: 2

Kendra Madrid Cell: 7203573397

6

Comparative Market Analysis

18681 E WATER DR UNIT B

Remarks Fantastic 2nd-story condo in Aurora! Condo offers 2 bedrooms, 2 bathrooms, spacious floor plan with soaring ceiling.

Living Room features cozy gas fireplace, and Kitchen additional countertops seating that backs to dining area. Primary Bedroom has a private full bath and is conveniently located right next to the Laundry Room. Secondary bedroom is on the opposite side of the condo, for maximum privacy! 1-car oversized garage for your car and storage! Enjoy community Pool and Clubhouse!

Kendra Madrid Cell: 7203573397

7

Comparative Market Analysis

2501 S Bahama Circle C $329,000 CLOSED

5/13/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #1737691 988 Sq. Ft. ($333 / sqft) Days on market: 3

Kendra Madrid Cell: 7203573397

8

Comparative Market Analysis

18681 E WATER DR UNIT B

18681 E Water Drive F

Aurora, CO 80013

$335,000 CLOSED

2 Beds 2.00 Baths Year Built 2003

6/7/22

MLS #3171010 988 Sq. Ft. ($339 / sqft) Days on market: 2

Details Prop Type: Condominium

Lot Size (sqft): 871 Garages: 1

Updated: Jun 9, 2022 4:52 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Ridge Condominiums

List date: 5/6/22

List Price: $330,000

High: Rangeview

Sold date: 6/7/22

Orig list price: $330,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 5/8/22

Assoc Fee: $264

Elementary: Side Creek

3/4 Baths: 1.0

Taxes: $2,705

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

Association Name: Colorado Property Management

Fireplace Features: Insert, Living Room

Living Area Total: 988

Association Phone: 303-841-8658

Fireplaces Total: 1

Main Level Bedrooms: 2

Association Amenities: Pool

Flooring: Laminate

Association Yn: true

Parking Total: 1

Association Fee Frequency: Monthly

Heating: Forced Air

Building Area Source: Public Records

Road Frontage Type: Public Road

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

Concessions: No

Interior Features: Ceiling Fan(s), Smart Window Coverings, Vaulted Ceiling(s)

Construction Materials: Brick, Frame

Laundry Features: In Unit

Cooling: Central Air

Listing Terms: Cash, Conventional, VA Loan

Electric: 110V, 220 Volts

Levels: Two

Main Level Bathrooms: 2

Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Video Doorbell

Kendra Madrid Cell: 7203573397

9

Comparative Market Analysis

Senior Community Yn: false Sewer: Public Sewer Structure Type: Low Rise (1-3)

18681 E WATER DR UNIT B

Tax Legal Description: UNIT F BLDG 18681 AS PER CONDO DECLARATION RECORDED ON RECEPTION #B3213684 ROCK RIDGE CONDOMINIUMS 10TH SUPPLEMENT EX M/R'S

Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Connected

Window Features: Double Pane Windows, Window Coverings

Water Source: Public

Remarks Very well maintained two bedroom two bathroom condo. This spacious unit is the one with vaulted ceilings on the upper floor and large windows make the space feel bright and open. Main living area and kitchen is in the middle of the floorplan flanked by bedrooms on both sides. The unit also includes a small pantry/laundry/utility closet right off of the kitchen.

Kendra Madrid Cell: 7203573397

10

Comparative Market Analysis

18681 E Water Drive F $335,000 CLOSED

6/7/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #3171010 988 Sq. Ft. ($339 / sqft) Days on market: 2

Kendra Madrid Cell: 7203573397

11

Comparative Market Analysis

18681 E WATER DR UNIT B

2541 S Bahama Circle C $337,000 CLOSED

Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

8/12/22

MLS #8854582 988 Sq. Ft. ($341 / sqft) Days on market: 3

Details Prop Type: Condominium

Lot Size (sqft): Garages: 1

Updated: Aug 12, 2022 9:19 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Ridge Condos

List date: 6/24/22

List Price: $325,000

High: Rangeview

Sold date: 8/12/22

Orig list price: $325,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 7/8/22

Assoc Fee: $264

Elementary: Side Creek

3/4 Baths: 1.0

Taxes: $2,705

Features Appliances: Dishwasher, Microwave, Oven

Association Phone: 303-221-1117

Entry Location: Exterior Access

Association Amenities: Clubhouse, Pool

Association Yn: true

Heating: Forced Air

Building Area Source: Public Records

Levels: One

Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash Association Name: LCM

Sewer: Public Sewer Structure Type: Low Rise (1-3)

Concessions Amount: 2500

Main Level Bathrooms: 2

Construction Materials: Frame

Main Level Bedrooms: 2

Tax Legal Description: UNIT C BLDG 2541 AS PER CONDO DECLARATION RECORDED ON RECEPTION #B3213684 ROCK RIDGE CONDOMINIUMS 19TH SUPPLEMENT EX M/R'S

Parking Total: 1

Tax Year: 2021

Concessions: Buyer Closing Costs/Seller Points Paid

Cooling: Central Air Entry Level: 2

Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 988

Roof: Composition Senior Community Yn: false

Kendra Madrid Cell: 7203573397

12

Comparative Market Analysis

18681 E WATER DR UNIT B

Remarks Check out this well maintained condo in sought-after Rock Ridge! This spacious unit features 2 bedrooms and 2 bathrooms, with vaulted ceilings on the upper level and tons of natural light from the large windows, making the space feel bright and open. The main living area and kitchen is in the middle of the floorplan, flanked by bedrooms on both sides.

The kitchen features updated stainless steel appliances and an adjacent pantry/laundry/utility closet. Enjoy the convenience of a one-car attached garage! Centrally located and close to shopping, restaurants, highways, DTC and DIA. HOA includes a resort-like community pool and easy, low maintenance living! MUST SEE!

Kendra Madrid Cell: 7203573397

13

Comparative Market Analysis

2541 S Bahama Circle C $337,000 CLOSED

8/12/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #8854582 988 Sq. Ft. ($341 / sqft) Days on market: 3

Kendra Madrid Cell: 7203573397

14

Comparative Market Analysis

18681 E WATER DR UNIT B

18781 E Water Drive C

Aurora, CO 80013

$340,000 CLOSED

2 Beds 2.00 Baths Year Built 2003

5/11/22

MLS #8803913 988 Sq. Ft. ($344 / sqft) Days on market: 4

Details Prop Type: Condominium

List date: 4/7/22

Orig list price: $320,000

Middle: Mrachek

County: Arapahoe

Sold date: 5/11/22

Assoc Fee: $260

Elementary: Side Creek

Subdivision: Rock Ridge

Off-market date: 4/11/22

Taxes: $2,705

Full baths: 2.0 Lot Size (sqft):

Updated: May 11, 2022 2:53 PM

School District: AdamsArapahoe 28J

Garages: 1

List Price: $320,000

High: Rangeview

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

Association Name: Colorado Property Management

Cooling: Central Air

Main Level Bathrooms: 2

Electric: 110V, 220 Volts

Main Level Bedrooms: 2

Association Phone: 3038418658

Fireplace Features: Gas

Number Of Units Total: 6

Association Amenities: Clubhouse, Pool

Association Yn: true

Fireplaces Total: 1

Parking Total: 1

Flooring: Carpet

Patio And Porch: Covered, Front Porch

Features

Association Fee Frequency: Monthly Association Fee Includes: Capital Reserves, Insurance, Irrigation Water, Maintenance Grounds, Sewer, Trash, Water

Building Area Source: Public Records

Furnished: Unfurnished

Common Walls: 1 Common Wall

Heating: Forced Air

Concessions: No

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

Construction Materials: Frame, Stone

Levels: One

Living Area Total: 988

Pets Allowed: Cats OK, Dogs OK Pool Features: Outdoor Pool Road Surface Type: Paved Roof: Composition Senior Community Yn: false

Kendra Madrid Cell: 7203573397

15

Comparative Market Analysis

Sewer: Public Sewer Structure Type: Low Rise (1-3)

18681 E WATER DR UNIT B

Tax Legal Description: UNIT C BLDG 18781 AS PER CONDO DECLARATION RECORDED ON RECEPTION # B3213684 ROCK RIDGE CONDOMINIUMS 24TH SUPPLEMENT EX M/R'S

Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Connected Water Source: Public

Remarks Great two bedroom two Bathroom Condo nestled in Rock Ridge with detached 1 car garage. This unit is right next to the pool and clubhouse and close to everything. This is a second story unit with garage at the bottom of the stairs for easy convenience. Bright open floor plan, carpeted throughout, Gas fireplace and stainless steel appliances, Washer and Dryer included. This is a great unit and a great price in this market! Set up your showing today, it won't be around long! Showings start Friday 04/08.

Kendra Madrid Cell: 7203573397

16

Comparative Market Analysis

18781 E Water Drive C $340,000 CLOSED

5/11/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #8803913 988 Sq. Ft. ($344 / sqft) Days on market: 4

Kendra Madrid Cell: 7203573397

17

Comparative Market Analysis

18681 E WATER DR UNIT B

18631 E Water Drive B

Aurora, CO 80013

$346,000 CLOSED

2 Beds 2.00 Baths Year Built 2003

6/23/22

MLS #1800569 1,096 Sq. Ft. ($316 / sqft) Days on market: 5

Details Prop Type: Condominium

Lot Size (sqft): 871 Garages: 1

Updated: Jun 27, 2022 9:43 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Creek

List date: 5/26/22

List Price: $325,000

High: Rangeview

Style: Contemporary

Sold date: 6/23/22

Orig list price: $325,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 5/31/22

Assoc Fee: $282

Elementary: Side Creek

Taxes: $2,788

3/4 Baths: 1.0

Features Appliances: Dryer, Oven, Range, Refrigerator, Washer Association Amenities: Clubhouse, Pool Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Association Name: Colorado Property Management Specialists

Construction Materials: Rock, Wood Siding

Main Level Bedrooms: 2

Cooling: Central Air

Association Phone: 303-841-8658

Entry Location: Ground

Patio And Porch: Front Porch, Patio

Association Yn: true Building Area Source: Public Records Building Name: Rock Ridge Condominiums Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 6000

Heating: Forced Air Interior Features: No Stairs, Open Floorplan Levels: One

Parking Total: 1

Road Frontage Type: Public Road Road Responsibility: Public Maintained Road

Listing Terms: Cash, Conventional

Road Surface Type: Paved

Living Area Total: 1096

Senior Community Yn: false

Main Level Bathrooms: 2

Sewer: Public Sewer

Roof: Composition

Kendra Madrid Cell: 7203573397

18

Comparative Market Analysis

Structure Type: Low Rise (1-3)

18681 E WATER DR UNIT B

Tax Legal Description: UNIT B BLDG 18631 AS PER CONDO DECLARATION RECORDED ON RECEPTION #B3213684 ROCK RIDGE CONDOMINIUMS 6TH SUPPLEMENT EX M/R'S

Tax Year: 2021 Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected Water Source: Public

Remarks Welcome to your new town-home in Aurora, Colorado. This 2 bedroom, 2 bathroom, end unit is near many amenities that Arapahoe County has to offer. This floor plan has an open feel in the kitchen and main living area. A beautiful sunroom with great windows fills the space with plenty of Colorado sunshine. A large primary suite with attached bathroom is located at the end of the hall. The primary suite hosts 2 closets and a sliding glass door to a private patio. There is an additional bedroom with closet; this bedroom would also work well as a work from home space. The unit features an oversized one-car garage that is attached to the unit and ready to store and organize all of your skiing, camping, and outdoor gear. This home lives large and will be a complete base camp for your Colorado lifestyle.

Kendra Madrid Cell: 7203573397

19

Comparative Market Analysis

18631 E Water Drive B $346,000 CLOSED

6/23/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #1800569 1,096 Sq. Ft. ($316 / sqft) Days on market: 5

Kendra Madrid Cell: 7203573397

20

Comparative Market Analysis

18681 E WATER DR UNIT B

18821 E Water Drive B

Aurora, CO 80013

$353,000 CLOSED

2 Beds 2.00 Baths Year Built 2003

4/26/22

MLS #6827115 1,096 Sq. Ft. ($322 / sqft) Days on market: 3

Details Prop Type: Condominium

Lot Size (sqft): 812 Garages: 1

Updated: Apr 27, 2022 8:05 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Ridge Condo

List date: 3/18/22

List Price: $320,000

High: Rangeview

Sold date: 4/26/22

Orig list price: $320,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 3/21/22

Assoc Fee: $282

Elementary: Side Creek

3/4 Baths: 1.0

Taxes: $2,651

Features Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Association Phone: 303-841-8658

Listing Terms: Cash, Conventional

Senior Community Yn: false

Association Yn: true

Living Area Total: 1096

Association Amenities: Pool

Building Area Source: Public Records

Main Level Bathrooms: 2

Structure Type: Low Rise (1-3)

Concessions: No

Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash

Parking Total: 1

Construction Materials: Concrete, Wood Siding

Road Frontage Type: Public Road

Cooling: Central Air

Road Surface Type: Paved

Association Name: Colorado Property Management

Flooring: Tile

Roof: Composition

Heating: Forced Air

Security Features: Smoke Detector(s)

Association Fee Frequency: Monthly

Levels: One

Main Level Bedrooms: 2

Sewer: Public Sewer

Tax Legal Description: UNIT B BLDG 18821 AS PER CONDO DECLARATION RECORDED ON RECEPTION # B3213684 ROCK RIDGE CONDOMINIUMS 27TH SUPPLEMENT EX M/R'S Tax Year: 2020

Kendra Madrid Cell: 7203573397

21

Comparative Market Analysis

Utilities: Cable Available, Electricity Available, Electricity Connected

18681 E WATER DR UNIT B

Water Source: Public

Remarks Welcome home to this adorable, funky 2-bedroom, 2-bathroom condo with an extra bonus room. This condo boasts 2 outdoor patio's and an attached one car garage. The master bedroom is large enough for a king bed! Centrally located and in a pool community. Plenty of guest parking! This condo is tenant occupied until July 31. Seller will transfer the lease.

Kendra Madrid Cell: 7203573397

22

Comparative Market Analysis

18821 E Water Drive B $353,000 CLOSED

4/26/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #6827115 1,096 Sq. Ft. ($322 / sqft) Days on market: 3

Kendra Madrid Cell: 7203573397

23

Comparative Market Analysis

18681 E WATER DR UNIT B

18781 E Water Drive A

Aurora, CO 80013

$355,500 CLOSED

2 Beds 2.00 Baths Year Built 2003

4/29/22

MLS #7270434 1,096 Sq. Ft. ($324 / sqft) Days on market: 4

Details Prop Type: Condominium

Lot Size (sqft): Garages: 1

Updated: Apr 29, 2022 11:16 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Ridge Condo

List date: 3/31/22

List Price: $325,000

High: Rangeview

Sold date: 4/29/22

Orig list price: $325,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 4/4/22

Assoc Fee: $282

Elementary: Side Creek

3/4 Baths: 1.0

Taxes: $2,758

Features Appliances: Dishwasher, Dryer, Microwave, Range, Range Hood, Washer Association Amenities: Clubhouse, Pool

Association Name: Rock Ridge

Flooring: Laminate, Tile

Parking Total: 1

Heating: Forced Air

Patio And Porch: Patio

Association Phone: 303-221-1117

Interior Features: Breakfast Nook, Ceiling Fan(s), Laminate Counters, No Stairs, Primary Suite

Roof: Composition

Levels: One

Structure Type: Low Rise (1-3)

Association Yn: true

Association Fee Frequency: Monthly

Building Area Source: Public Records

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

Common Walls: End Unit, No One Below

Listing Terms: Cash, Conventional, VA Loan

Concessions: No

Living Area Total: 1096

Construction Materials: Brick, Other

Main Level Bathrooms: 2

Senior Community Yn: false Sewer: Community

Main Level Bedrooms: 2

Cooling: Central Air

Kendra Madrid Cell: 7203573397

24

Comparative Market Analysis

Tax Legal Description: UNIT A BLDG 18781 AS PER CONDO DECLARATION RECORDED ON RECEPTION # B3213684 ROCK RIDGE CONDOMINIUMS 24TH SUPPLEMENT EX M/R'S

18681 E WATER DR UNIT B

Tax Year: 2021 Utilities: Electricity Connected, Natural Gas Available Virtual Tour: View

Remarks Welcome to this beautiful, end-unit condo featuring all main floor living. The living area features beautiful manufactured wood floors. The adjacent kitchen boasts stainless steal appliances and a plethora of cabinet space. The washer and dryer are located in a closet right off of the kitchen. A dining room with large windows is located off of the main living area. Head out the side door to a nice patio perfect for summer BBQs. Down the hall, you will find a large bedroom with attached 3/4 bath. The large master suite had an attached full bath and has sliding glass doors which lead to another outdoor patio. With an oversized attached one car garage, access to the clubhouse and pool, and located near E470- this home is sure to go quickly! Come see it today!

Kendra Madrid Cell: 7203573397

25

Comparative Market Analysis

18781 E Water Drive A $355,500 CLOSED

4/29/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #7270434 1,096 Sq. Ft. ($324 / sqft) Days on market: 4

Kendra Madrid Cell: 7203573397

26

Comparative Market Analysis

18681 E WATER DR UNIT B

18761 E Water Drive A

Aurora, CO 80013

$357,000 CLOSED

2 Beds 2.00 Baths Year Built 2003

5/10/22

MLS #9105697 1,096 Sq. Ft. ($326 / sqft) Days on market: 3

Details Prop Type: Condominium

Lot Size (sqft): 800 Garages: 1

Updated: May 11, 2022 4:08 AM

School District: AdamsArapahoe 28J

County: Arapahoe Subdivision: Rock Ridge

List date: 4/26/22

List Price: $325,000

High: Rangeview

Style: Contemporary

Sold date: 5/10/22

Orig list price: $325,000

Middle: Mrachek

Full baths: 1.0

Off-market date: 4/29/22

Assoc Fee: $282

Elementary: Side Creek

Taxes: $2,803

3/4 Baths: 1.0

Features Accessibility Features: Accessible Approach with Ramp Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer Association Amenities: Playground, Pool Association Fee Frequency: Monthly

Association Fee Includes: Irrigation Water, Maintenance Grounds, Maintenance Structure, Recycling, Road Maintenance, Sewer, Snow Removal, Trash, Water

Common Walls: 2+ Common Walls

Entry Location: Ground

Concessions: No

Flooring: Carpet, Laminate, Tile

Association Name: Rock Ridge

Cooling: Central Air

Heating: Forced Air

Current Use: Live/Work

Association Phone: 303-221-1177

Direction Faces: West

Interior Features: Ceiling Fan(s), High Speed Internet, Laminate Counters, Open Floorplan, Primary Suite, Radon Mitigation System, Tile Counters, Walk-In Closet(s), Wired for Data

Association Yn: true Building Area Source: Public Records

Construction Materials: Brick, Cement Siding, Frame

Distance To Bus Numeric: 300 Distance To Bus Units: Feet Entry Level: 1

Fencing: None

Foundation Details: Slab

Kendra Madrid Cell: 7203573397

27

Comparative Market Analysis

Laundry Features: In Unit, Laundry Closet Levels: One Listing Terms: Cash, Conventional Living Area Total: 1096 Lot Features: Landscaped, Master Planned Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Features: Concrete Parking Total: 2

18681 E WATER DR UNIT B

Patio And Porch: Patio

Senior Community Yn: false

Pets Allowed: Cats OK, Dogs OK

Sewer: Public Sewer

Pool Features: Outdoor Pool

Tax Legal Description: UNIT A BLDG 18761 AS PER CONDO DECLARATION RECORDED ON RECEPTION # B3213684 ROCK RIDGE CONDOMINIUMS 23RD SUPPLEMENT EX M/R'S

Road Frontage Type: Private Road, Public Road Road Responsibility: Private Maintained Road, Public Maintained Road Road Surface Type: Alley Paved

Structure Type: Townhouse

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

Tax Year: 2021

Roof: Composition

Remarks Welcome Home to this Cozy, Beautiful Townhome. This floorplan is so well laid out with a large Family Room and open floor plan to the Kitchen!! 2- Separate Patios are featured in this home and oversized 1 car garage with plenty of room for storage or work space. The Owners Retreat is very large with Slider to outdoor access walk-in closet and Owners personal bathroom with soaker tub. The secondary bedroom is conveniently located off the 2nd bath which is very private from the Family Room. You will love that it also has a Office space and a exterior access. The kitchen has lots of storage beautiful coffee stained Maple cabinets with stainless hardware and rollouts as well. All your kitchen appliances (stainless) are included even the refrigerator(black)!! This townhome is one of the only with a Radon system installed. The community features a pool which is located right across the street and parking for guest right on street in front of the townhome. The new Central Recreation center is very close by and lots of walking trails make this the complete package, don't miss out, book you showing today!

Kendra Madrid Cell: 7203573397

28

Comparative Market Analysis

18761 E Water Drive A $357,000 CLOSED

5/10/22

18681 E WATER DR UNIT B Aurora, CO 80013

2 Beds 2.00 Baths Year Built 2003

MLS #9105697 1,096 Sq. Ft. ($326 / sqft) Days on market: 3

Kendra Madrid Cell: 7203573397

29

Comparative Market Analysis

18681 E WATER DR UNIT B

Comparable Property Statistics S

8 Sold Listings LOWEST

$329,000

AVERAGE

$344,062

HIGH

$357,000

AVG PRICE / SQFT

AVG DOM

$331

3

Kendra Madrid Cell: 7203573397

30

Comparative Market Analysis

18681 E WATER DR UNIT B

Sold Property Analysis Averages

105.9%

Homes sold for an average of 105.9% of their list price.

3

Days on market

It took an average of 3 days for a home to sell.

Analysis ADDRESS

ORIG LIST PRICE

SOLD PRICE

% OF ORIG LIST PRICE

DOM

$ PER SQFT

2501 S Bahama Circle C

$329,000

$329,000

100.00%

3

$333

18681 E Water Drive F

$330,000

$335,000

101.52%

2

$339

2541 S Bahama Circle C

$325,000

$337,000

103.69%

3

$341

18781 E Water Drive C

$320,000

$340,000

106.25%

4

$344

18631 E Water Drive B

$325,000

$346,000

106.46%

5

$316

18821 E Water Drive B

$320,000

$353,000

110.31%

3

$322

18781 E Water Drive A

$325,000

$355,500

109.38%

4

$324

18761 E Water Drive A

$325,000

$357,000

109.85%

3

$326

$324,875

$344,062

105.91%

3

$331

Averages

Kendra Madrid Cell: 7203573397

31

Comparative Market Analysis

18681 E WATER DR UNIT B

Summary of Comparable Properties S

SOLD LISTINGS

ADDRESS

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

5/13/22

2

2.00

988

$329,000

$333

6/7/22

2

2.00

988

$335,000

$339

2541 S Bahama Circle C

8/12/22

2

2.00

988

$337,000

$341

18781 E Water Drive C

5/11/22

2

2.00

988

$340,000

$344

18631 E Water Drive B

6/23/22

2

2.00

1,096

$346,000

$316

18821 E Water Drive B

4/26/22

2

2.00

1,096

$353,000

$322

18781 E Water Drive A

4/29/22

2

2.00

1,096

$355,500

$324

18761 E Water Drive A

5/10/22

2

2.00

1,096

$357,000

$326

1,042

$344,062

$331

2501 S Bahama Circle C 18681 E Water Drive F

Averages

Kendra Madrid Cell: 7203573397

32

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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