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1900 Dartmouth Ave.

Published on Nov 23, 2015

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PRESENTATION OUTLINE

1900 Dartmouth Ave.

Market Analysis

Selling Points

  • Outstanding Location
  • Only one direct neighbor
  • Home is ready for remodeling
  • Mountain Views

Valuation

Finding The Right Comparisons Is Key

Types of Properties

  • Great view - Premium lot
  • House that needs work
  • South Boulder

Location of Similar Homes

2235 Vassar Drive

  • Sold for $884,000 in March of 2015
  • Modest house in original condition.
  • Views to the north
  • Assessed Value of $753,100 ($79,000 less than subject)
  • Surrounding 10 houses Assessed Value = $928,070 ($84,150 more than subject)

2330 Dennison

  • Sold for $895,000 on July 1, 2015
  • Great view, most of lot downhill, funky layout.
  • Assessed Value of $1,149,100 ($317,000 more than subject)
  • Surrounding 10 houses Assessed Value = $1,032,530 ($188,610 more than subject)

2395 Vassar

  • Sold for $940,000 on July 9, 2014. Would have sold for more this year.
  • Great view, home has been scraped and is currently being re-built.
  • Assessed Value of $1,006,900 ($174,800 more than subject)
  • Surrounding 10 houses Assessed Value = $884,320 ($40,400 more than subject)

2380 Kohler

  • Sold for $1,078,000 in June of 2014. Would sell for more this year.
  • Great street, large estate sized lot, backs to hill, no direct view.
  • Assessed Value of $1,121,300 ( $289,200 more than subject)
  • Surrounding 10 houses Assessed Value = $1,247,610 ($403,690 more than subject)

1955 Vassar

  • Sold for $1,100,000 in July of 2014.
  • Dated house, great view, house has been spruced up.
  • Assessed Value of $1,042,100 ($210,000 more than subject)
  • Surrounding 10 houses Assessed Value = $1,117,420 ($273,500 more than subject.

1775 Deer Valley

  • Sold for $1,130,000 in June of 2015.
  • Top of hill location, great views
  • Assessed Value of $1,102,700 ($270,600 more than subject)
  • Surrounding 10 houses Assessed Value = $1,082,610 ( $238,690 more than subject)

3555 Longwood

  • Under Contract, list price of $1,050,000
  • Flatiron and northern views, easy to expand house.
  • Assessed Value of $935,800 ($103,700 more than subject)
  • Surrounding 10 houses Assessed Value = $976,980 ($133,060 more than subject)

2203 Holyoke

  • Under Contract, list price of $1,075,000.
  • Large lot, end of cul-de-sac, backs to NCAR, street is upgrading.
  • Assessed Value of $857,400 ($25,300 more than subject)
  • 10 surrounding houses Assessed Value = $1,013,800 ($181,700 more than subject)

300 Hollyberry

  • Listed for $1,298,000 no contract yet, 67 days on market.
  • End of premier cul-de-sac, backs to open space, no direct mountain views.
  • Assessed Value of $985,000 ($152,900 more than subject)
  • Surrounding 10 houses Assessed Value = $1,429,590

2000 Dartmouth

  • Sold for $875,000 in June 2015.
  • Updated home, backs to hillside, not at end of street, no mountain views.
  • Assessed Value of $836,700 ($4,600 more than subject)
  • Same neighborhood - Average Assessed Value of nearest 10 houses is $843,100

1900 Dartmouth

Summary

Strategy

  • Best chance to maximize value is to appeal to a buyer who wants a premium lot in which to personalize a house.
  • Highlight view and location with photography and text

Proposed Pricing

  • Range of $950,000 - $1,050,000.
  • Best chance to find a buyer is to set price under $1 Million.
Photo by Jesse Varner

Terms of Listing Agreement

  • Three Month Listing
  • 5% total listing commission
  • 2% discount if buyer comes directly to transaction without buyers agent.
Photo by JusDaFax