______
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
CHAMBERS STEVE D ET AL JULY 28, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
What is a CMA No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That's where the comparative market analysis, or CMA, is most useful.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data such as type of home, number of bedrooms, number of baths, lot size, neighborhood, property condition and features, and many other factors. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by using property information from your real estate agent's multiple listing service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service's public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing - new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data Uelds that are chosen. That means some features may not be included. As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional's knowledge and advice.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
2
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
BEDS
BATHS
SQFT
PRICE
1001 Travis Ln
4
2.00
1,280
-
1
Subject
2
MDMC762406
S
1094 Travis Ln
4
2.0/1.0
1,280
$380,000
3
MDMC748674
S
1258 Knoll Mist Ln
4
3.0/0
1,280
$356,000
4
MDMC739512
S
1238 Knoll Mist Ln
4
3.0/0
1,280
$355,000
5
MDMC748670
S
1005 Travis Ln
4
3.0/1.0
1,280
$385,000
6
MDMC756576
S
1065 Travis Ln
3
3.0/1.0
1,280
$390,000
7
MDMC751276
S
1062 Travis Ln
3
2.0/2.0
1,280
$380,000
8
MDMC762018
P
1093 Travis Ln
4
3.0/1.0
1,280
$350,000
9
MDMC2007272
P
89 Travis Ct
4
3.0/1.0
1,280
$400,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
1094 Travis Ln
7/20/21
4
2.0/1.0
1,280
$380,000
$297
1258 Knoll Mist Ln
4/26/21
4
3.0/0
1,280
$356,000
$278
1238 Knoll Mist Ln
1/22/21
4
3.0/0
1,280
$355,000
$277
1005 Travis Ln
4/21/21
4
3.0/1.0
1,280
$385,000
$301
1065 Travis Ln
6/4/21
3
3.0/1.0
1,280
$390,000
$305
1062 Travis Ln
5/26/21
3
2.0/2.0
1,280
$380,000
$297
1,280
$374,333
$292
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
1093 Travis Ln
8/16/21
4
3.0/1.0
1,280
$350,000
$273
89 Travis Ct
8/23/21
4
3.0/1.0
1,280
$400,000
$313
1,280
$375,000
$293
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
4
Listings
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1094 Travis Ln $380,000 CLOSED
MLS #MDMC762406
Gaithersburg, MD 20879
4 Beds 2.0/1.0 Baths Year Built 1984
7/20/21
1,280 Sq. Ft. ($297 / sqft) Days on market: 11
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 7/20/21
Assoc Fee: $85
Half baths: 1.0 Acres: 0.06
Updated: Jul 20, 2021 3:31 PM
Taxes: $3,525
County: MONTGOMERY
Lot Size: 2,782
List Price: $379,900
List date: 6/8/21
Orig list price: $379,900
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Monthly
Below Grade Finished Area Units: Square Feet
Flooring: Laminated, Ceramic Tile
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Trash, Pool(s), Snow Removal
Construction Materials: Brick, Vinyl Siding
Heating: Forced Air
Cooling: Central A/C
Association Name: MONTGOMERY MEADOWS HOA, INC.
Hot Water: Natural Gas
Cooling Fuel: Electric
Inclusions: All existing appliances.
Subdivision: MONTGOMERY MEADOWS Style: ["Colonial"]
Features
Accessibility Features: Other Appliances: Dishwasher, Disposal, Exhaust Fan, Oven/ Range - Gas, Refrigerator, Range Hood, Stainless Steel Appliances Association Amenities: Pool - Outdoor
Basement: Fully Finished, Space For Rooms, Walkout Level Below Grade Finished Area Source: Assessor
Exclusions: Washer and Dryer Fencing: Rear Fireplace Features: Gas/ Propane Fireplaces Total: 1
Heating Fuel: Natural Gas
Levels: 3 Living Area Source: Assessor Lot Size Source: Assessor Lot Size Units: Square Feet
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Parking Features: Assigned Property Condition: Good Roof: Shingle Room Type: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bathroom 1, Bathroom 2, Half Bath
1001 Travis Lane, Gaithersburg, Maryland 20879
Special Listing Conditions: Standard
Tax Lot: 3
Parking Lot Spaces: 2
Tax Year: 2020
Security Features: Smoke Detector
Total Garage And Parking Spaces: 2
Assigned Parking Space Number(S): 71 & 71
Senior Community Yn: false
Water Source: Public
Sewer: Public Sewer
Window Features: Bay/Bow
Structure Type: Interior Row/ Townhouse
Zoning: R18
Remarks Spacious 3-level townhome in desirable location of Montgomery Meadows. Some of the features including 3 bedrooms, 2 1/2 baths, brick front, bay window, beautiful kitchen with space for dine-in table, new stainless steel appliances, huge living room with bamboo wood Voor, open Voor plan, new sliding door leading to a nice deck, brand new HVAC system, fully Unished basement with half bath and a bonus room which could be converted into a bedroom, private/fully fenced backyard, freshly painted in neutral color, community pool and tennis court, convenient location, close to I-270, Rt-355, shopping center, Costco...and much more. Must see!!! Please follow Covid-19 protocol. One Year Home Warranty will be provided at settlement.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
1094 Travis Ln
1001 Travis Lane, Gaithersburg, Maryland 20879
$380,000 CLOSED
MLS #MDMC762406
Gaithersburg, MD 20879
7/20/21
4 Beds 2.0/1.0 Baths Year Built 1984
1,280 Sq. Ft. ($297 / sqft) Days on market: 11
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1258 Knoll Mist Ln
Gaithersburg, MD 20879
$356,000 CLOSED
4 Beds 3.0/0 Baths Year Built 1986
4/26/21
MLS #MDMC748674 1,280 Sq. Ft. ($278 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Acres: 0.05
List Price: $340,000
High: WATKINS MILL
Lot Size: 2,320
Orig list price: $340,000
County: MONTGOMERY
List date: 3/29/21
Assoc Fee: $85
Middle: MONTGOMERY VILLAGE
Subdivision: MONTGOMERY MEADOWS
Off-market date: 4/27/21
Taxes: $3,491
Elementary: WATKINS MILL
Updated: Apr 27, 2021 12:28 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 350
Flooring: Carpet, Ceramic Tile
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Heating: Forced Air
Lot Size Source: Assessor
Heating Fuel: Electric
Lot Size Units: Square Feet
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Hot Water: Electric
Property Condition: Good Roof: Shingle
Style: ["Colonial"] Full baths: 3.0
Features
Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer Association Fee Frequency: Monthly
Cooling: Central A/C
Interior Features: Attic, Ceiling Fan(s), Breakfast Area, Carpet, Combination Dining/Living, Kitchen - Eat-In
Cooling Fuel: Electric
Laundry Type: Basement
Basement: Fully Finished, Walkout Level
Fireplaces Total: 1
Levels: 3
Construction Materials: Brick Front, Aluminum Siding
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Basement, Foyer, Bedroom 1, Recreation Room, Bathroom 1, Bathroom 2, Full Bath
1001 Travis Lane, Gaithersburg, Maryland 20879
Special Listing Conditions: Standard
Tax Lot: 61
Senior Community Yn: false
Water Source: Public
Sewer: Public Sewer
Zoning: R18
Tax Year: 2020
Structure Type: Interior Row/ Townhouse
Remarks This spacious, townhome boasts a sun-Ulled Voor plan with an eat-in kitchen, bay window. The expansive living/dining area provides ample space to host and entertain guests. The upper level features a large master bedroom with en-suite master bath and double closets; accompanied by 2 generously sized bedrooms, full bath and lots of closet space. The lower-level offers a LARGE Unished walk-out basement with recreational and lounge space; brick Ureplace ; washer and dryer; 4th bedroom and a Large full bath with jacuzzi and shower (great for overnight guests and in-laws); patio with a fully -fenced-in backyard. This home comes with 2 assigned parking spaces and convenient access to a RideOn bus stop with routes to Shady Grove Metro, shops, dining and much more. For even more fun, there's Rio Washington Center and Top Golf located just 10 short minutes away. This home is in a great location, at a great price. Make an offer today! *Showing time 10:00am- 6:00pm everyday.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
1258 Knoll Mist Ln
1001 Travis Lane, Gaithersburg, Maryland 20879 Gaithersburg, MD 20879
$356,000 CLOSED
4/26/21
4 Beds 3.0/0 Baths Year Built 1986
MLS #MDMC748674 1,280 Sq. Ft. ($278 / sqft) Days on market: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1238 Knoll Mist Ln
Gaithersburg, MD 20879
$355,000 CLOSED
4 Beds 3.0/0 Baths Year Built 1985
1/22/21
MLS #MDMC739512 1,280 Sq. Ft. ($277 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Acres: 0.05
List Price: $355,000
High: WATKINS MILL
Lot Size: 2,320
Orig list price: $355,000
County: MONTGOMERY
List date: 12/31/20
Assoc Fee: $85
Middle: MONTGOMERY VILLAGE
Subdivision: MONTGOMERY MEADOWS
Off-market date: 2/2/21
Taxes: $3,606
Elementary: WATKINS MILL
Updated: Feb 2, 2021 3:19 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Fee Includes: Common Area Maintenance, Management, Pool(s)
Below Grade Finished Area Units: Square Feet
Style: ["Colonial"] Full baths: 3.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: Other
Association Name: MONTGOMERY MEADOWS
Association Amenities: Pool - Outdoor, Tot Lots/ Playground Association Fee Frequency: Monthly
Construction Materials: Brick
Levels: 3 Living Area Source: Estimated Lot Size Source: Estimated
Cooling: Central A/C
Basement: Full, Fully Finished, Improved, Walkout Level
Lot Size Units: Square Feet
Cooling Fuel: Electric
Parking Features: Assigned
Fencing: Fully
Below Grade Finished Area: 640
Heating: Central
Property Condition: Very Good
Below Grade Finished Area Source: Estimated
Hot Water: Electric
Special Listing Conditions: Standard
Laundry Type: Basement
Senior Community Yn: false
Heating Fuel: Electric
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Sewer: Public Sewer
Tax Lot: 68
Total Actual Rent: 30000
Water Source: Public
Structure Type: Interior Row/ Townhouse
Tax Year: 2020
Virtual Tour: View
Zoning: R18
Remarks YOU WILL LOVE THE FEEL OF BRIGHT AND SPACIOUS 3 FULLY FINISHED LEVEL TOWN-HOME SITUATED IN THE WONDERFUL COMMUNITY OF MONTGOMERY MEADOWS! FRESHLY PAINTED & MOVE-IN READY.BEAUTIFUL HARDWOODFLOORS THROUGHOUT. SPACIOUS EAT-IN KITCHEN WITH SPACE FOR A KITCHEN TABLE AND A LARGE BAY WINDOW.SEPARATE DINING ROOM/LIVING ROOM THAT LEADS TO LARGE DECK. FULLY FINISHED WALKOUT LEVEL BASEMENT WITH FULL SIZE BEDROOM, A FULL BATHROOM AND A LARGE FAMILY/REC ROOM. FULLY FENCED BACK YARD W/ CUSTOM PATIO. GREAT LOCATION CLOSE TO I-270, METRO, PUBLIC TRANSPORTATION, SHOPPING, RESTAURANTS, PUBLIC LIBRARY AND MUCH MORE.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
1238 Knoll Mist Ln
1001 Travis Lane, Gaithersburg, Maryland 20879 Gaithersburg, MD 20879
$355,000 CLOSED
1/22/21
4 Beds 3.0/0 Baths Year Built 1985
MLS #MDMC739512 1,280 Sq. Ft. ($277 / sqft) Days on market: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1005 Travis Ln $385,000 CLOSED
MLS #MDMC748670
Gaithersburg, MD 20879
4 Beds 3.0/1.0 Baths Year Built 1982
4/21/21
1,280 Sq. Ft. ($301 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 3.0
Off-market date: 4/22/21
Assoc Fee: $85
Half baths: 1.0 Acres: 0.07
Updated: Apr 26, 2021 9:06 AM
Taxes: $3,530
County: MONTGOMERY
Lot Size: 3,147
List Price: $365,000
List date: 3/19/21
Orig list price: $365,000
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 350
Fireplaces Total: 1 Heating: Forced Air
Special Listing Conditions: Standard
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Senior Community Yn: false
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Sewer: Public Sewer
Accessibility Features: None
Levels: 2
Structure Type: Interior Row/ Townhouse
Subdivision: MONTGOMERY MEADOWS Style: ["Traditional"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Association Amenities: Pool - Outdoor, Tennis Courts Association Fee Frequency: Monthly Basement: Fully Finished, Outside Entrance
Construction Materials: Aluminum Siding, Vinyl Siding
Living Area Source: Assessor Lot Size Source: Assessor
Tax Year: 2020
Cooling: Central A/C
Lot Size Units: Square Feet
Water Source: Public
Cooling Fuel: Electric
Parking Features: Assigned
Zoning: R18
Tax Lot: 37
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Remarks Come see this beautiful townhome located in the popular Montgomery Meadows subdivision. This home was meticulously taken care of and includes new carpet (2020), water heater (2019), and new stainless steel refrigerator and range (2020). This home features four bedrooms with three on the upper level with two recently renovated full bathrooms and one bedroom in the basement with a full bathroom as well. You will also Und a deck and beautifully landscaped back yard built for entertaining and enjoying the upcoming spring and summer months ahead. The roof is 5 years old and comes with solar panels. This home is closely located to the community pool and tennis courts. You won't want to miss out on this well taken care of home! Offers, if any, due by 5pm on Tuesday March 23, 2021.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
1005 Travis Ln
1001 Travis Lane, Gaithersburg, Maryland 20879
$385,000 CLOSED
MLS #MDMC748670
Gaithersburg, MD 20879
4/21/21
4 Beds 3.0/1.0 Baths Year Built 1982
1,280 Sq. Ft. ($301 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1065 Travis Ln $390,000 CLOSED
MLS #MDMC756576
Gaithersburg, MD 20879
3 Beds 3.0/1.0 Baths Year Built 1984
6/4/21
1,280 Sq. Ft. ($305 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Full baths: 3.0
Off-market date: 6/4/21
Assoc Fee: $85
Half baths: 1.0 Acres: 0.06
Updated: Jul 7, 2021 9:49 PM
Taxes: $3,401
County: MONTGOMERY
Lot Size: 2,520
List Price: $365,000
List date: 5/5/21
Orig list price: $365,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Levels: 3
Tax Lot: 16
Below Grade Finished Area Units: Square Feet
Living Area Source: Assessor
Tax Year: 2020
Above Grade Finished Area Units: Square Feet
Lot Size Source: Assessor
Accessibility Features: Level Entry - Main
Construction Materials: Brick, Combination
Zoning: R18
Lot Size Units: Square Feet
Association Fee Frequency: Monthly
Cooling: Central A/C
Assigned Parking Space Number(S): 89
Cooling Fuel: Electric
Association Name: COMSOURCE MANAGEMENT
Special Listing Conditions: Standard
Fireplaces Total: 1
Senior Community Yn: false
Heating: 90% Forced Air
Sewer: Public Sewer
Basement: Fully Finished, Rear Entrance
Heating Fuel: Natural Gas
Structure Type: Interior Row/ Townhouse
Subdivision: MONTGOMERY MEADOWS Style: ["Traditional"]
Features
Hot Water: Natural Gas
Parking Features: Assigned
Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Remarks Beautiful townhome located in the Montgomery Meadows subdivision. This home features three bedrooms, bamboo Vooring throughout main and upper levels, stainless steel appliances, recently renovated full bathroom in the basement. Off the living room Und a deck and beautiful backyard facing the community pool, built for entertaining and enjoying the spring and summer weather. This home is located near the community pool and tennis courts. You won't want to miss out on this home! *Please wear masks during the showing.*
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
1065 Travis Ln
1001 Travis Lane, Gaithersburg, Maryland 20879
$390,000 CLOSED
MLS #MDMC756576
Gaithersburg, MD 20879
6/4/21
3 Beds 3.0/1.0 Baths Year Built 1984
1,280 Sq. Ft. ($305 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1062 Travis Ln $380,000 CLOSED
MLS #MDMC751276
Gaithersburg, MD 20879
3 Beds 2.0/2.0 Baths Year Built 1984
5/26/21
1,280 Sq. Ft. ($297 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Half baths: 2.0 Acres: 0.07
Updated: May 26, 2021 10:21 AM
County: MONTGOMERY
Lot Size: 3,172
List Price: $379,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: MONTGOMERY MEADOWS
List date: 4/20/21
Orig list price: $389,000
High: WATKINS MILL
Off-market date: 5/26/21
Assoc Fee: $85
Middle: MONTGOMERY VILLAGE
Style: ["Colonial"]
Taxes: $3,480
Full baths: 2.0
Elementary: WATKINS MILL
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Stove, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer
Association Amenities: Pool - Outdoor, Tennis Courts, Common Grounds, Reserved/Assigned Parking, Tot Lots/Playground Association Fee Frequency: Monthly Association Fee Includes: Pool(s), Snow Removal, Trash, Parking Fee, Common Area Maintenance, Road Maintenance
Association Name: COMMUNITY ASSOCIATION, INC. Basement: Full, Fully Finished, Walkout Level, Rear Entrance, Outside Entrance, Interior Access, Improved
Below Grade Finished Area Units: Square Feet Construction Materials: Mixed Cooling: Central A/C Cooling Fuel: Electric
Below Grade Finished Area: 350
Heating: Central
Below Grade Finished Area Source: Assessor
Hot Water: Natural Gas
Heating Fuel: Natural Gas Levels: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Living Area Source: Assessor
Special Listing Conditions: Standard
Tax Lot: 19
Water Source: Public
Tax Year: 2020
Zoning: R18
Lot Size Source: Assessor
Senior Community Yn: false Sewer: Public Sewer
Total Garage And Parking Spaces: 2
Parking Lot Spaces: 2
Lot Size Units: Square Feet Roof: Composite, Shingle
Structure Type: Interior Row/ Townhouse
Virtual Tour: View
Remarks Gorgeous 3-level move-in ready townhouse in the desirable Montgomery Meadows Community. Open Voor plan Ulled with sunlight offers Stainless Steel Appliances, New Paint, Hardwood Voors on Main and 2nd Voor. A fully Unished walkout level basement offers a half bath. Has a community pool, tennis courts, tot lot. Only a few minutes from I-270, shopping centers, library, restaurants and the new Spectrum Town Center development. The home includes 2 assigned parking spaces (#55). It is located a couple of minutes to (I-270), 10 minutes drive to Shady Grove Metro station and ICC-200. Five minutes to the RIDE-ON public transportation. 1 minutes drive to COSTCO & 5 minutes drive to Milestone Shopping Center. Move in Ready!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
1062 Travis Ln
1001 Travis Lane, Gaithersburg, Maryland 20879
$380,000 CLOSED
MLS #MDMC751276
Gaithersburg, MD 20879
5/26/21
3 Beds 2.0/2.0 Baths Year Built 1984
1,280 Sq. Ft. ($297 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1093 Travis Ln $350,000 ACTIVE UNDER CONTRACT
MLS #MDMC762018
Gaithersburg, MD 20879
4 Beds 3.0/1.0 Baths Year Built 1984
8/16/21
1,280 Sq. Ft. ($273 / sqft) Days on market: 15
Details Prop Type: Single Family Residence
Half baths: 1.0
List Price: $350,000
High: WATKINS MILL
Acres: 0.05
Orig list price: $350,000
County: MONTGOMERY
Lot Size: 2,324
Assoc Fee: $85
Middle: MONTGOMERY VILLAGE
Subdivision: MONTGOMERY MEADOWS
List date: 6/12/21
Taxes: $3,596
Elementary: WATKINS MILL
Updated: Jul 20, 2021 2:03 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground
Below Grade Finished Area: 500
Flooring: Carpet, Ceramic Tile, Vinyl
Below Grade Finished Area Source: Assessor
Heating: Forced Air
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Style: ["Colonial"] Full baths: 3.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Refrigerator, Washer, Water Heater, Oven/Range - Gas, Icemaker
Association Fee Frequency: Monthly Association Name: COMSOURCE MANAGEMENT AAMC Basement: Fully Finished, Heated, Interior Access, Outside Entrance, Rear Entrance, Walkout Level
Construction Materials: Brick Front Cooling: Central A/C Cooling Fuel: Electric Fireplace Features: Wood
Heating Fuel: Natural Gas Interior Features: Carpet, Pantry Laundry Type: Lower Floor Levels: 3 Living Area Source: Assessor
Fireplaces Total: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
24
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Lot Size Source: Assessor
Property Condition: Good
Sewer: Public Sewer
Utilities: Cable TV Available
Lot Size Units: Square Feet
Roof: Shingle
Water Source: Public
Parking Features: Assigned, Surface
Special Listing Conditions: Standard
Structure Type: Interior Row/ Townhouse Tax Lot: 7
Patio And Porch Features: Patio(s), Deck(s)
Senior Community Yn: false
Assigned Parking Space Number(S): 80
Tax Year: 2021
Zoning: R18
Remarks This 4 bedroom, 3 full and 1 half bath home is located in the heart of Montgomery county. It is conveniently located close to grocery stores, shopping centers, and highways. This home features large open main level with eat in kitchen with a bay window, dining area and family room space which offers natural light. Walk out onto your deck perfect for entertaining. Recent improvements done in 2019 include new HVAC, new water heater, new dishwasher, new carpet, new rear fence , new sliding glass doors on main and lower level. New hardwired smoke detectors, and new concrete Voor for patio in backyard (2020). Two reserve parking spaces, each of these is numbered 80. House is in good condition but needs fresh paint and other minor improvements and is priced way below the recent sale price of other similar homes in the development.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
25
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
1093 Travis Ln $350,000 ACTIVE UNDER CONTRACT
MLS #MDMC762018
Gaithersburg, MD 20879
4 Beds 3.0/1.0 Baths 8/16/21
Year Built 1984
1,280 Sq. Ft. ($273 / sqft) Days on market: 15
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
26
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
89 Travis Ct $400,000 ACTIVE UNDER CONTRACT
MLS #MDMC2007272
Gaithersburg, MD 20879
4 Beds 3.0/1.0 Baths Year Built 1982
8/23/21
1,280 Sq. Ft. ($313 / sqft) Days on market: 2
Details Prop Type: Single Family Residence
Half baths: 1.0
List Price: $400,000
High: WATKINS MILL
Acres: 0.05
Orig list price: $400,000
County: MONTGOMERY
Lot Size: 2,231
Assoc Fee: $85
Middle: MONTGOMERY VILLAGE
Subdivision: MONTGOMERY MEADOWS
List date: 7/24/21
Taxes: $3,473
Elementary: WATKINS MILL
Updated: Jul 25, 2021 10:02 AM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 350
Flooring: Hardwood
Lot Size Source: Assessor
Heating: Forced Air
Lot Size Units: Square Feet
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Parking Features: Assigned
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Patio And Porch Features: Deck(s)
Style: ["Colonial"] Full baths: 3.0
Features
Association Fee Frequency: Monthly Basement: Connecting Stairway, Full, Fully Finished, Outside Entrance, Rear Entrance, Walkout Level
Construction Materials: Brick Front
Interior Features: Kitchen Eat-In, Recessed Lighting, Primary Bath(s), Wood Floors
Special Listing Conditions: Standard
Levels: 3
Senior Community Yn: false
Cooling Fuel: Electric
Living Area Source: Assessor
Sewer: Public Sewer
Fencing: Rear
Lot Features: Rear Yard
Cooling: Central A/C
Structure Type: Interior Row/ Townhouse
Fireplaces Total: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
27
Comparative Market Analysis
Tax Lot: 80 Tax Year: 2020
1001 Travis Lane, Gaithersburg, Maryland 20879
Utilities: Electric Available, Water Available, Natural Gas Available
Water Source: Public Zoning: R18
Remarks Ready to move! Gorgeous front townhome with 4 bedrooms and 3.5 baths. Main level features a large table-space kitchen, half bath, spacious living room/dining room combination and new sliding glass doors leading out to a private deck. Hardwood Voors on main and upper levels - amazing! Finished lower level with a walk-out to a fully fenced back yard. Property has two assigned parking spaces, both are #124
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
28
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Comparable Property Statistics S
6 Sold Listings LOWEST
$355,000
P
AVERAGE
$374,333
HIGH
$390,000
AVG PRICE / SQFT
AVG DOM
$292
5
AVG PRICE / SQFT
AVG DOM
$293
8
2 Active Under Contract Listings LOWEST
$350,000
AVERAGE
$375,000
HIGH
$400,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
30
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
Sold Property Analysis Averages
102.8%
Homes sold for an average of 102.8% of their list price.
5
Days on market
It took an average of 5 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
1094 Travis Ln
$379,900
$380,000
100.03%
11
$297
1258 Knoll Mist Ln
$340,000
$356,000
104.71%
3
$278
1238 Knoll Mist Ln
$355,000
$355,000
100.00%
1
$277
1005 Travis Ln
$365,000
$385,000
105.48%
6
$301
1065 Travis Ln
$365,000
$390,000
106.85%
7
$305
1062 Travis Ln
$389,000
$380,000
97.69%
7
$297
$365,650
$374,333
102.37%
5
$292
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
31
Comparative Market Analysis
1001 Travis Lane, Gaithersburg, Maryland 20879
The Value of Your Home In a neighborhood of similar homes, why is one worth more than another? That's the question that's teased buyers and sellers for ages, but the answer is simple. Every home is different When a home is sold, a willing seller and a willing buyer determine the value of that home with the sale price. That price then becomes a benchmark for other similar homes, but other factors come into play. The most important are:
Location The closer a home is to jobs, parks, transportation, schools, and community services, the more desirable it is.
Size Square footage impacts home value because a larger home is built using more materials, and gives the homeowner more usable space. And a larger lot size could mean more privacy than a smaller one.
Number of bedrooms and baths Additional bedrooms and bathrooms raise the value of a home compared to similar homes that do not have those rooms.
Features and >nishes Features such as outdoor kitchens and spa baths make a home more luxurious. A home Unished with hardwood Voors and granite countertops is going to cost more than a home with carpet and laminate countertops.
Condition The closer a home is to new construction, the more it will retain its value. It's perceived as more modern, up to date, and perhaps safer. Homes that are not updated or in poor repair sell for less as purchasers' factor in the cost of updating and eventually replacing appliances and systems.
Curb appeal From the street, the home looks clean, fresh, and inviting. Fresh landscaping and Vowers won't change the size or location, but they certainly add charm. When two homes are identical in the same neighborhood, a higher price may come down to something as simple as views, paint colors, or the overall taste of the homeowner.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
32