"THIS ANALYSIS HAS NOT BEEN PERFORMED IN ACCORDANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE WHICH REQUIRE VALUERS TO ACT AS UNBIASED, DISINTERESTED THIRD PARTIES WITH IMPARTIALITY, OBJECTIVITY AND INDEPENDENCE AND WITHOUT ACCOMMODATION OF PERSONAL INTEREST. IT IS NOT TO BE CONSTRUED AS AN APPRAISAL AND MAY NOT BE USED AS SUCH FOR ANY PURPOSE." Researched and prepared by Colin Smith Subject Property 1310 W Costilla Street Colorado Springs, CO Prepared exclusively for 80905-1726 Jen Way Prepared on April 17, 2018 Colin Smith Solid Rock Realty 4297 Austin Bluffs Parkway 200 Colorado Springs, CO 80918 (719)232-6709 ColinSmith@SolidRockRe.com
Pricing Recommendation This page suggests a recommended selling price based on a thorough analysis of your property. $240,000 - $250,000** **Suggested list price is for a property that has been completely and properly flipped. Investors are to do their own due diligence to determine their ARV. Purchase Price: $149,900 Year: 1950 Total Sq Ft: 1,032 Upper Sq Ft: 0 Main Sq Ft: 888 Lower Sq Ft: 0 Basement Sq Ft: 144 -- 0% Finished Beds: 2 Baths: 1 Garage: 0 Comps were good. +/-300 sq ft. No more than 10 years newer. Had to stretch the area to find comps. No comp sold more than 6 months ago.
Minimums and Maximums This page summarizes key fields of the listings in this analysis. The listings in this analysis can be summarized as follows: Listing Price between $213,900 and $234,900 Selling Price between $215,000 and $248,100 2 Bedrooms 1 to 2 Total Bathrooms 734 to 1,130 Square Feet $207.88 to $292.92 per Square Foot $219.56 to $292.92 per Sold Square Foot Year Built between 1891 and 1949
CMA Map Layout This page displays the Map for the CMA Subject and your comparables. 1 1310 W Costilla Street 2 40 N Chestnut St 3 523 W Platte Av 4 1915 Sheldon Av 5 15 N Walnut St 6 1704 W Vermijo Av 7 2018 W Pikes Peak Av 8 1709 W Colorado Av
Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis. Status: Under Contract - Showing MLS# Stat Date Address Prop Sub Type Ttl Sqft Bds Bth L/S Price CDOM 8000861 04/07/2018 40 N Chestnut ST Single Family 918 2 2 $227,000 2 Averages: 918 2 2.00 $227,000 2 Status: Pending MLS# Stat Date Address Prop Sub Type Ttl Sqft Bds Bth L/S Price CDOM 5265805 03/19/2018 523 W Platte AV Single Family 1,056 2 1 $220,000 0 Averages: 1,056 2 1.00 $220,000 0 Status: Sold MLS# Stat Date Address Prop Sub Type Ttl Sqft Bds Bth L/S Price CDOM 4666892 03/23/2018 1915 Sheldon AV Single Family 734 2 1 $215,000 7 4607472 12/28/2017 15 N Walnut ST Single Family 924 2 1 $215,000 17 1519780 02/23/2018 1704 W Vermijo AV Single Family 816 2 1 $220,000 9 2311006 11/30/2017 2018 W Pikes Peak AV Single Family 796 2 2 $230,000 5 2991043 01/23/2018 1709 W Colorado AV Single Family 1,130 2 1 $248,100 2 Averages: 880 2 1.20 $225,620 8 Summary Status Total Avg Price Avg $ Per SqFt Median Low High Avg CDOM ACTIVE ACT 1ST RGT UC Short Sale Under Contract 1 $227,000 $247.28 $227,000 $227,000 $227,000 2 PENDING 1 $220,000 $208.33 $220,000 $220,000 $220,000 0 SOLD 5 $225,620 $260.74 $220,000 $215,000 $248,100 8 LEASED EXPIRED WITHDRAWN CANCELLED Total 7 $225,014 $251.33 $220,000 $215,000 $248,100 6
Pending Properties 523 W Platte AV MLS #: 5265805 Status: Pending Beds: 2 L Price: $220,000 Baths: 1 SubArea: Old Colorado City Yr Blt: 1939 Style: Wood Frame Grg #: 0 CDOM: 0 Ttl Sqft: 1,056 Fin Sqft: 862 Rmks: Charming home located in Old Colorado City within walking distance of downtown shopping, restaurants, parks and conveniently located to I-25. Recently remodeled kitchen offers newer cabinets, countertops, tile backsplash, appliances to include gas range, lighting and a European washer/dryer combo (separate washer/dryer located in basement). Both bedrooms have original hardwood floors with adjoining closets. Remodeled bathroom has tiled shower, tile floors, new vanity and lighting. I-25 South, right on Bijou, right on Walnut and left on Platte. Home is located on the left. Sold Properties 1915 Sheldon AV MLS #: 4666892 Status: Sold Beds: 2 L Price: $215,000 Baths: 1 S Price: $215,000 SubArea: Rustic Home Add Colo City Yr Blt: 1949 S Date: 3/23/2018 Style: Wood Frame Grg #: 0 CDOM: 7 Ttl Sqft: 734 Fin Sqft: 734 Rmks: Adorable re-model close to Old Colorado City on a great big lot! Home has been updated to make this a perfect starter home or long-term rental. Updates include kitchen cabinets, counters, appliances and tile back splash. Wood floors have been re-finished, new windows, complete bath remodel, updated furnace was replaced in 2016, pex plumbing, newer roof and gutters. Great opportunity to own a gorgeous updated home with peace of mind that the major ticket items have already been done! From I25 heading south toward. US-24 W W Cimarron St Exit. Keep right at the fork to continue toward US-24 W/W Cimarron St. ontinue on S 21st St. Drive to Sheldon Ave. Turn right on Sheldon Ave. Home is on the right side of the street.
Sold Properties 15 N Walnut ST MLS #: 4607472 Status: Sold Beds: 2 L Price: $213,900 Baths: 1 S Price: $215,000 SubArea: Parrishs Yr Blt: 1891 S Date: 12/28/2017 Style: Concrete Block Grg #: 1 CDOM: 17 Ttl Sqft: 924 Fin Sqft: 924 Rmks: This quaint west side Old Colorado City bungalow offers the perfect combination of location, charm and character. Located w/in walking distance to all of the major highlights that Colorado Springs has to offer including downtown, Monument Valley and America The Beautiful Park, breweries and coffee shops. The kitchen opens up to an office/utility room while the master and open living area maximize space and functionality. Enjoy the spacious backyard w/ 2 recently build storage sheds. Buyer to receive 1 year home warranty. From downtown Colorado Springs, head west on Colorado. Take a right (head south) on Walnut and the home will be on your right (east side) of Walnut. 1704 W Vermijo AV MLS #: 1519780 Status: Sold Beds: 2 L Price: $215,000 Baths: 1 S Price: $220,000 SubArea: La Vergne Yr Blt: 1898 S Date: 2/23/2018 Style: Wood Frame Grg #: 2 CDOM: 9 Ttl Sqft: 816 Fin Sqft: 816 Rmks: Charming and well kept home in historic Old Colorado City...so many original touches and plenty of charm! Fresh interior paint, two car detached garage, open floorplan, tons of closet space, and private backyard are just a few of the many attributes this home offers. Walking distance to many restaurants, farmers market, and more! Enjoy your morning coffee and views of the peak from the front porch. This is a great little property that is move in ready! Colorado Avenue West, South on 17th, West on Vermijo. House is on the right.
Sold Properties 2018 W Pikes Peak AV MLS #: 2311006 Status: Sold Beds: 2 L Price: $230,000 Baths: 2 S Price: $230,000 SubArea: Colorado City Yr Blt: 1899 S Date: 11/30/2017 Style: Wood Frame Grg #: 0 CDOM: 5 Ttl Sqft: 796 Fin Sqft: 796 Rmks: Charming, newly remodeled home in the heart of Old Colorado City! This home is small but it doesn't feel that way with the fantastic open floor plan. The kitchen has brand new countertops, appliances and a beautiful tile backsplash. There is a laundry area in the back of the house. The living room is separated from the bedroom with a sliding barn door which adds a unique focal point. The master bedroom has an adjoining bathroom and a walk in closet. New flooring and vinyl windows throughout the home. From Downtown - take Colorado Ave. west, right on 20th and left on Pikes Peak. Home will be on the right. 1709 W Colorado AV MLS #: 2991043 Status: Sold Beds: 2 L Price: $234,900 Baths: 1 S Price: $248,100 SubArea: Old Colorado City Yr Blt: 1898 S Date: 1/23/2018 Style: Wood Frame Grg #: 0 CDOM: 2 Ttl Sqft: 1,130 Fin Sqft: 935 Rmks: Enjoy Old Colorado City Charm as you Relax in your Cozy Victorian Home! This Gem Features, 10 ft Ceilings, Crown Molding, 8" Baseboards, Victorian Style Windows and Door Molding. Sip on a Cool Ice Tea in your Three Season Sun Room and Enjoy lots of Natural Sun Light throughout. The Kitchen has Wainscoting, has recently been Updated with New Cabinets & a New Built In Microwave. Huge Yard for Entertaining, Brick Fire-Pit, Double Lot with Alley Way Access. Carries a C-5 Zoning. Has Central A/C. Full Interior Painted in 2017. From I-25 take the Bijou exit going west, Left on Walnut, Right on Colorado.
Under Contract - Showing Properties 40 N Chestnut ST MLS #: 8000861 Status: Under Cntrct Beds: 2 L Price: $227,000 Baths: 2 SubArea: Old Colorado City Yr Blt: 1909 Style: Wood Frame Grg #: 1 CDOM: 2 Ttl Sqft: 918 Fin Sqft: 918 Rmks: This charming Old Colorado City home is walkable to Cerberus, 503W, America The Beautiful Park, Downtown Colorado Springs, and Old Colorado City! Updated in 2012 with new vinyl windows, updated electrical panel, remodeled kitchen with upgraded Sinclair Birch cabinets, and upgrades to both bathrooms. Ceramic tile in the kitchen and bathrooms, and newer carpet throughout the rest of the home. Home comes with a 1-year roof certification. Perfect urban living nestled in a quiet neighborhood! More info: 40NChestnutST.com Take Colorado Ave west, turn right on Chestnut St, house will be on left at corner of Chestnut and Kiowa
Pending Properties Total # of Listings Lowest Price Highest Price Average Price Avg. Price/SqFt Avg CDOM 1 $220,000 $220,000 $220,000 $208.33 0 523 W Platte AV 0K 40K 80K 120K 160K 200K 240K Sold Properties Total # of Listings Lowest Price Highest Price Average Price Avg. Price/SqFt Avg CDOM 5 $215,000 $248,100 $225,620 $260.74 8 15 N Walnut ST 1704 W Vermijo AV 1709 W Colorado AV 1915 Sheldon AV 2018 W Pikes Peak AV 0K 50K 100K 150K 200K 250K 300K
Under Contract - Showing Properties Total # of Listings Lowest Price Highest Price Average Price Avg. Price/SqFt Avg CDOM 1 $227,000 $227,000 $227,000 $247.28 2 40 N Chestnut ST 0K 40K 80K 120K 160K 200K 240K
250.0K Summary Graph/Analysis 200.0K 150.0K 100.0K 50.0K 0.0K Avg Price Min Price Max Price Cumulative Analysis Listing Category Pending Sold Under Contract - Showing Lowest Price Highest Price Average Price Avg $ Per SF $220,000 $220,000 $220,000 $208.33 $215,000 $248,100 $225,620 $260.74 $227,000 $227,000 $227,000 $247.28 Totals / Averages $215,000 $248,100 $225,014 $251.33 Sold Property Analysis Address List Price Sold Price CDOM %SP/LP SP/Sqft 1915 Sheldon AV $215,000 $215,000 7 %93.48 $292.92 15 N Walnut ST $213,900 $215,000 17 %97.77 $232.68 1704 W Vermijo AV $215,000 $220,000 9 %102.33 $269.61 2018 W Pikes Peak AV $230,000 $230,000 5 %100.00 $288.94 1709 W Colorado AV $234,900 $248,100 2 %105.62 $219.56 Total Averages $221,760 $225,620 8 %99.84 $260.74 Property Summary
S Street Address Bds Bth Sqft L Price S Price Sold Date CDOM Pending PEND 523 W Platte AV 2 1 (0,0,1,0) 1,056 $220,000 0 Sold CLS 1915 Sheldon AV 2 1 (0,1,0,0) 734 $215,000 $215,000 03/23/2018 7 CLS 15 N Walnut ST 2 1 (0,1,0,0) 924 $213,900 $215,000 12/28/2017 17 CLS 1704 W Vermijo AV 2 1 (0,1,0,0) 816 $215,000 $220,000 02/23/2018 9 CLS 2018 W Pikes Peak AV 2 2 (0,1,1,0) 796 $230,000 $230,000 11/30/2017 5 CLS 1709 W Colorado AV 2 1 (0,1,0,0) 1,130 $234,900 $248,100 01/23/2018 2 Under Contract - Showing UND 40 N Chestnut ST 2 2 (0,1,1,0) 918 $227,000 2