Unveiling the Market Value of 4796 W 113th Ave, Westminster, CO
A Comprehensive Analysis of Property Valuation and Market Trends
Understanding the market value of a property like 4796 W 113th Avenue in Westminster, Colorado, involves examining various data points from different real estate platforms. This analysis aggregates estimates from leading real estate services, delves into the property's characteristics, and considers broader market dynamics in Westminster, CO to provide a holistic view of its current valuation.
Key Insights into 4796 W 113th Ave's Value
- Diverse Valuation Estimates: The estimated market value for 4796 W 113th Ave ranges from approximately $637,901 to $735,692, with Zillow's Zestimate currently at $733,800. This variance reflects the different proprietary algorithms and data sets used by each platform.
- Property Fundamentals: The house is a 4-bedroom, 3-bathroom single-family home, built in 1995, with 2,381 to 2,715 square feet of living space on an 8,588 square foot lot (approximately 0.2 acres). Its last recorded sale was in June 2002 for $344,800.
- Dynamic Market Conditions: The Westminster, CO housing market is influenced by factors such as demand, interest rates, and local economic conditions. While the Zestimate for this specific property has seen a slight decrease recently, the broader Westminster market remains somewhat competitive, with homes receiving an average of 2 offers and selling within approximately 27 days.
Detailed Property Overview
The property at 4796 W 113th Avenue in Westminster, Colorado, 80031, is a single-family residence with notable characteristics that contribute to its market valuation. Built in 1995, this home offers a comfortable living space within a well-established neighborhood.
Core Specifications of the Property
The house is consistently described across multiple sources with the following key attributes:
- Bedrooms: 4
- Bathrooms: 3 (full baths)
- Square Footage: While some sources state 2,381 sq ft, others indicate 2,715 sq ft. The larger figure from Zillow and Trulia suggests a more comprehensive assessment of the finished living space.
- Lot Size: Approximately 8,588 square feet (0.2 acres).
- Year Built: 1995
- Property Type: Single Family Residence
- Last Sale Date & Price: June 10, 2002, for $344,800 or $344,850.
These fundamental details form the basis for all valuation models, influencing their estimates by comparing the property to similar homes in the area.
A representative image of a single-family home in Westminster, CO, showcasing architectural style.
Variations in Valuation Estimates
Real estate valuation platforms use complex algorithms that consider various factors, including property characteristics, recent comparable sales, market trends, and even local economic data. This leads to slightly different estimates for the same property. Here's a summary of the current estimates for 4796 W 113th Ave:
- Zillow (Zestimate): $733,800 (with a recent decrease of $4,967 in the last 30 days). Zillow also provides an estimated sales range of $685,000 to $721,400.
- Homes.com: Ranges from $733,148 to $735,692, approximately $170 to $308 per square foot.
- Redfin: Estimates the home's value at $712,326, with another estimate of $726,926 for a comparable property.
- Realtor.com: $708,000 (estimated home value).
- Xome: Provides a range, with estimates around $637,901 and another stating $697,237. Mr. Cooper's Xome Value offers a high range of $744,851 and a low range of $632,338.
- County Office Records (2023): Total market value listed at $703,000, with $116,000 for land and $587,000 for improvements.
The average of these estimates hovers around the low to mid-$700,000s, suggesting a strong consensus on its current market standing. The discrepancies highlight the dynamic nature of automated valuations and the importance of consulting multiple sources.
Comparative Market Analysis (CMA) Insights
To better understand the market value of 4796 W 113th Ave, it's beneficial to look at comparable properties in the immediate vicinity and the broader Westminster market. This helps contextualize the current valuation by observing recent sales and market trends for similar homes.
Nearby Property Sales and Valuations
Several properties on W 113th Ave and surrounding streets provide valuable comparison points:
- 4793 W 113th Ave, Westminster, CO 80031: A single-family home built in 1996, with a 7,413 sq ft lot. Zillow estimates its value at $761,800. This property has 6 beds and 3 baths and is larger at 3,564 sq ft.
- 4756 W 113th Ave, Westminster, CO 80031: Zillow Zestimate is $719,400. Redfin estimates $726,926 for a 4 bed, 3 bath, 2,381 sq ft home.
- 4673 W 113th Ave, Westminster, CO 80031: Last sold for $719.9K in 2023. This 1996-built single-family home has a price per sqft of $213.
- 4866 W 113th Ave, Westminster, CO 80031: Last sold for $292,000 in November 2004. Redfin estimates its current value at $649,660 for a 4 bed, 3 bath, 2,570 sq ft house.
- 1709 W 113th Ave, Westminster, CO 80234: Sold for $727,500 in May 2023. This 1983-built home has 4 beds, 3 baths, and 3,575 sq ft.
- 1798 W 113th Ave, Westminster, CO 80234: Sold for $848,888 in March 2024. This larger home features 5 beds, 5 baths, and 3,875 sq ft.
These comparable sales indicate that properties in the mid-$700,000 range are common for similar homes in Westminster, especially those with 4 bedrooms and 3 bathrooms built in the 1990s.
Comparative Property Data Table
The following table summarizes key data for 4796 W 113th Ave and its comparable properties:
| Address | Bedrooms | Bathrooms | Sq. Ft. | Year Built | Last Sold Price (Year) | Current Estimated Value Range |
|---|---|---|---|---|---|---|
| 4796 W 113th Ave | 4 | 3 | 2,381 - 2,715 | 1995 | $344,800 (2002) | $637,901 - $735,692 |
| 4793 W 113th Ave | 6 | 3 | 3,564 | 1996 | N/A | ~$761,800 (Zillow) |
| 4756 W 113th Ave | 4 | 3 | 2,381 | 1996 | N/A | ~$719,400 - $726,926 |
| 4673 W 113th Ave | - | - | - | 1996 | $719,900 (2023) | N/A |
| 4866 W 113th Ave | 4 | 3 | 2,570 | - | $292,000 (2004) | ~$649,660 (Redfin) |
Westminster Housing Market Trends
The overall housing market in Westminster, CO, provides context for individual property valuations. The market is described as "somewhat competitive," indicating a healthy demand for homes.
- Median Sale Price (Central Westminster): $569K (down 6.6% since last year).
- Median Sale Price per Square Foot (Central Westminster): $245 (up 9.4% since last year).
- Average Days on Market: Homes sell in around 27 days.
- Offers Received: Homes receive an average of 2 offers.
While the median sale price for Central Westminster has seen a slight dip, the increase in price per square foot and the relatively short time on market suggest that demand remains robust. The property at 4796 W 113th Ave falls within the typical range for single-family homes in the area, aligning with broader market trends.
An aerial perspective of Westminster, CO, illustrating the suburban landscape and residential density.
Factors Influencing Property Value
Beyond basic specifications, several factors can significantly impact a property's market value. These include its condition, location, local amenities, and the broader economic climate.
Property Condition and Features
While specific details about the interior condition of 4796 W 113th Ave are limited in the provided sources, the estimated values implicitly assume a condition consistent with a well-maintained home of its age. Factors such as recent renovations, updated appliances, energy efficiency, and overall curb appeal can lead to higher valuations. The property includes a garage, which is a desirable feature.
Location and Neighborhood Attributes
Westminster, CO, offers a balance of urban convenience and outdoor recreation. The city boasts numerous parks, trails, and open spaces, including Westminster City Park with its lake and playgrounds. Proximity to good schools, shopping centers, and transportation routes can also boost property values. The address 4796 W 113th Ave is noted to be near Cotton Creek Elementary School, Westlake Middle School, and Legacy High School, which are significant draws for families.
A view of a typical residential home in a Westminster, CO neighborhood.
Broader Economic and Market Dynamics
The real estate market is highly sensitive to economic factors. Interest rates, employment rates, and population growth in the Denver metropolitan area (which includes Westminster) all play a role. A strong local economy and continued influx of residents can sustain demand and drive property appreciation. While the Zestimate for 4796 W 113th Ave saw a slight dip, such minor fluctuations are common and do not necessarily indicate a long-term decline unless significant underlying economic shifts occur.
Understanding Valuation Metrics: A Radar Chart Analysis
To visually represent the multifaceted nature of property valuation for 4796 W 113th Ave, we can use a radar chart. This chart will highlight key attributes that influence value and show how this specific property stands in comparison to an "Ideal Market Property" and a "Typical 2002-Era Property" in Westminster. The scores are opinion-based, reflecting a qualitative assessment rather than precise measurements.
This radar chart illustrates how 4796 W 113th Ave performs across various valuation metrics compared to an "Ideal Market Property" (a hypothetical top-tier property) and a "Typical 2002-Era Property" (representing the general condition of homes built around the last sale date). The property scores well in terms of bedrooms and bathrooms, aligning closely with market desires, and its location desirability is high. The "Year Built Modernity" score is moderate, reflecting its 1995 construction. The estimated current value reflects the composite of these attributes within the Westminster market. The chart visually demonstrates how various factors contribute to the overall perceived market value of the property, offering a quick comparative snapshot.
FAQs on Property Valuation
What is a Zestimate and how is it calculated?
A Zestimate is Zillow's estimated market value for a home, computed using a proprietary formula. It considers public and user-submitted data, including home facts, location, and market trends. While Zestimates provide a good starting point, they are not appraisals and should be used as a guide rather than a definitive valuation.
Why do different real estate websites show different home values?
Different real estate websites use their own unique algorithms and data sets to estimate home values. These algorithms weigh various factors differently (e.g., recent comparable sales, property features, neighborhood data, market conditions), leading to variations in estimates. Furthermore, the frequency of data updates can also cause discrepancies.
What factors most influence a home's market value?
Key factors influencing a home's market value include its physical characteristics (size, number of bedrooms/bathrooms, age, condition), location (school districts, proximity to amenities, neighborhood desirability), comparable sales in the area, and broader economic conditions (interest rates, housing supply and demand, employment rates).
How often do property values change in Westminster, CO?
Property values in Westminster, CO, like any dynamic market, can change frequently. Automated valuations like Zestimates are updated daily or weekly to reflect new data. Significant changes can occur monthly or quarterly due to new comparable sales, shifts in interest rates, or changes in local demand. Long-term trends are typically observed over quarters or years.
Is the market value the same as the appraisal value?
No, market value and appraisal value are not the same. Market value is an estimate of what a property would sell for in a competitive market, often derived from automated valuations and comparative analyses. An appraisal value is a professional, unbiased opinion of a property's value, determined by a licensed appraiser based on a thorough inspection and detailed analysis of comparable sales, often used for mortgage lending purposes.
Conclusion
The property at 4796 W 113th Avenue in Westminster, Colorado, is a well-established single-family home with an estimated market value generally falling within the range of $630,000 to $735,000 across various online platforms. This valuation is supported by its desirable features (4 beds, 3 baths, a substantial lot size) and its location within the somewhat competitive Westminster housing market. While automated estimates provide a useful guide, a comprehensive understanding of the property's value should always consider recent comparable sales, the property's specific condition, and the overall trajectory of the local real estate market. The significant increase in value since its last sale in 2002 underscores the strong appreciation experienced in the Westminster area over the past two decades.
Recommended Further Queries
- How has the Westminster, Colorado housing market performed over the last 5 years?
- What are the typical closing costs for selling a home in Westminster, CO?
- What are the best neighborhoods in Westminster, CO for families and schools?
- How do current interest rates impact home values in Colorado?
References
Last updated May 22, 2025