______
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
William John SEPTEMBER 6, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
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 Telds 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
18033 Fence Post Court, Gaithersburg, Maryland 20877
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
BEDS
BATHS
SQFT
PRICE
18033 Fence Post Ct
3
3.50
1,555
-
1
Subject
2
MDMC754604
S
18033 Fertile Meadow Ct
3
2.0/1.0
1,440
$400,000
3
MDMC2005658
S
18020 Fence Post Ct
3
2.0/2.0
1,555
$445,000
4
MDMC2008528
S
18029 Fertile Meadow Ct
3
2.0/2.0
1,580
$420,000
5
MDMC738008
S
18113 Kodella Ct
3
2.0/0
884
$435,000
6
MDMC2005256
P
18016 Fence Post Ct
3
2.0/2.0
1,555
$410,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
18033 Fertile Meadow Ct
7/28/21
3
2.0/1.0
1,440
$400,000
$278
18020 Fence Post Ct
8/16/21
3
2.0/2.0
1,555
$445,000
$286
18029 Fertile Meadow Ct
8/24/21
3
2.0/2.0
1,580
$420,000
$266
18113 Kodella Ct
2/24/21
3
2.0/0
884
$435,000
$492
1,364
$425,000
$330
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
18016 Fence Post Ct
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
9/15/21
3
2.0/2.0
1,555
$410,000
$264
1,555
$410,000
$264
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
18033 Fence Post Court, Gaithersburg, Maryland 20877
18033 Fertile Meadow Ct $400,000 CLOSED
Gaithersburg, MD 20877
3 Beds 2.0/1.0 Baths Year Built 1989
7/28/21
MLS #MDMC754604 1,440 Sq. Ft. ($278 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Acres: 0.04
Orig list price: $380,000
Lot Size: 1,650
Assoc Fee: $56
High: COL. ZADOK MAGRUDER
County: MONTGOMERY
List date: 6/19/21
Taxes: $3,414
Middle: SHADY GROVE
Subdivision: FLOWER HILL
Off-market date: 7/28/21
Elementary: FLOWER HILL
Style: ["Colonial"] Full baths: 2.0
Updated: Jul 28, 2021 12:18 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Half baths: 1.0
List Price: $400,000
Below Grade Finished Area Units: Square Feet
Laundry Type: Dryer In Unit, Washer In Unit
Construction Materials: Vinyl Siding
Levels: 3
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Association Amenities: Basketball Courts, Tennis Courts, Club House, Community Center, Party Room, Tot Lots/Playground Association Fee Frequency: Monthly
Association Fee Includes: Management, Pool(s), Snow Removal, Common Area Maintenance, Reserve Funds, Trash, Road Maintenance
Cooling: Central A/C
Living Area Source: Assessor
Cooling Fuel: Electric
Lot Size Source: Assessor
Below Grade Finished Area: 350
Fireplace Features: Wood
Lot Size Units: Square Feet
Fireplaces Total: 1
Main Level Bedrooms: 3
Below Grade Finished Area Source: Assessor
Heating: 90% Forced Air
Parking Features: Assigned
Heating Fuel: Natural Gas
Roof: Shingle
Basement: Fully Finished, Rear Entrance
Hot Water: Natural Gas
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Special Listing Conditions: Standard Senior Community Yn: false
18033 Fence Post Court, Gaithersburg, Maryland 20877
Sewer: Public Sewer
Tax Lot: 109
Water Source: Public
Structure Type: Interior Row/ Townhouse
Tax Year: 2020
Zoning: R90
Remarks BACK ON THE MARKET AFTER FULLY RENOVATION ,AMAZING LAKE VIEW!BEAUTIFUL TOWNHOME IN FLOWER HILL *HARDWOOD FLOORS THROUGHOUT THE HOUSE *RENOVATED KITCHEN WITH GRANITE COUNTER/CHERRY MAPLE CABINETS,NEW APPLIANCES*FINISHED WALKOUT BASEMENT WITH WOOD BURNING FIREPLACE &COZY BACKYARD, MASTER BR AND SECOND BR HAS LAKE VIEW,THIS GEM WILL GO FAST .
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
18033 Fertile Meadow Ct $400,000 CLOSED
7/28/21
18033 Fence Post Court, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
3 Beds 2.0/1.0 Baths Year Built 1989
MLS #MDMC754604 1,440 Sq. Ft. ($278 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
18020 Fence Post Ct
Gaithersburg, MD 20877
$445,000 CLOSED
3 Beds 2.0/2.0 Baths Year Built 1989
8/16/21
MLS #MDMC2005658 1,555 Sq. Ft. ($286 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 8/17/21
Assoc Fee: $400
Half baths: 2.0 Acres: 0.08
Updated: Aug 17, 2021 4:38 AM
Taxes: $3,267
County: MONTGOMERY
Lot Size: 3,648
List Price: $400,000
List date: 7/26/21
Orig list price: $400,000
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Annually
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Snow Removal, Common Area Maintenance
Construction Materials: Other
Interior Features: Breakfast Area, Dining Area, Primary Bath(s), Carpet, Ceiling Fan(s), Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen Table Space, Walk-in Closet(s), Wood Floors
Subdivision: EMORY GROVE PARK Style: ["Contemporary"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Refrigerator, Dryer, Exhaust Fan, Icemaker, Oven - Self Cleaning, Washer Association Amenities: Community Center, Tennis Courts, Tot Lots/Playground
Association Name: EMORY GROVE PARK Basement: Fully Finished, Full, Improved Below Grade Finished Area: 450 Below Grade Finished Area Source: Assessor
Cooling: Central A/C, Ceiling Fan(s) Cooling Fuel: Electric Fencing: Rear Fireplace Features: Fireplace - Glass Doors, Wood Fireplaces Total: 1 Flooring: Carpet
Hot Water: Natural Gas
Levels: 3 Living Area Source: Assessor
Heating: Forced Air
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
Lot Size Source: Assessor Lot Size Units: Square Feet Other Structures: Shed Property Condition: Very Good Roof: Shingle
18033 Fence Post Court, Gaithersburg, Maryland 20877
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Breakfast Room, Recreation Room, Storage Room, Utility Room
Security Features: Security System
Virtual Tour: View
Senior Community Yn: false
Window Features: Double Hung, Vinyl Clad
Special Listing Conditions: Standard
Tax Lot: 17
Sewer: Public Sewer Structure Type: End of Row/ Townhouse
Water Source: Public
Zoning: R60
Tax Year: 2020
Remarks Welcome to this spectacularly maintained end-unit townhome. Main level features include hardwood Uoors, living room, dining room, eat-in kitchen, and a convenient updated half bath. The remodeled kitchen has granite counters, tons of cabinet space, and a breakfast bar. There is plenty of space for a table and it walks out to the rear patio and large fenced yard. Upstairs youll Tnd a full bath and 3 generously sized bedrooms. The primary bedroom has vaulted ceilings, a walk-in closet, and an updated private bath. The Tnished lower level has a large rec room, wood burning Treplace, half bath, and plenty of storage. The entire home is freshly painted, and the neutral dcor makes it all move-in ready. The location is near the ICC for easy commuting in any direction.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
18020 Fence Post Ct $445,000 CLOSED
8/16/21
18033 Fence Post Court, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
3 Beds 2.0/2.0 Baths Year Built 1989
MLS #MDMC2005658 1,555 Sq. Ft. ($286 / 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
18033 Fence Post Court, Gaithersburg, Maryland 20877
18029 Fertile Meadow Ct $420,000 CLOSED
Gaithersburg, MD 20877
3 Beds 2.0/2.0 Baths Year Built 1989
8/24/21
MLS #MDMC2008528 1,580 Sq. Ft. ($266 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 2.0
List date: 7/30/21
Orig list price: $384,900
Half baths: 2.0
Off-market date: 8/26/21
Taxes: $3,527
County: MONTGOMERY
Acres: 0.04
Subdivision: FLOWER HILL
Lot Size: 1,650
Updated: Aug 26, 2021 7:07 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Style: ["Colonial"]
List Price: $384,900
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Construction Materials: Aluminum Siding
Lot Size Source: Assessor
Structure Type: Interior Row/ Townhouse
Lot Size Units: Square Feet
Tax Lot: 111
Accessibility Features: None
Cooling: Central A/C
Parking Features: Assigned
Tax Year: 2020
Association Fee Frequency: Monthly
Cooling Fuel: Electric
Patio And Porch Features: Deck(s)
Water Source: Public
Basement: Full
Heating: Forced Air
Below Grade Finished Area: 550
Heating Fuel: Natural Gas
Below Grade Finished Area Source: Assessor
Levels: 3
Fireplaces Total: 1
Hot Water: Natural Gas
Sewer: Public Sewer
Zoning: R90
Pets Allowed: Case by Case Basis Special Listing Conditions: Standard Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
Remarks OFFERS Tuesday 8/3 by 2pm please. This is the one you've been waiting for. Awesome layout throughout this well located, sunny & bright home. Over $75K in TLC, updates & improvements that show pride of ownership from top to bottom! All you have to do is unpack, set up your grill & enjoy the water views. Spacious, open living & dining rooms welcome you home. Huge, table space kitchen boasts quartz countertops, great storage, a stylish gas range and a fabulous dishwasher. Primary bedroom suite with soaring ceiling, walk in closet & en suite bathroom with ceramic tile Uoors. Two additional bedrooms upstairs share another full bath with ceramic tile Uoors. Dry, sunny, walkout basement offers great storage, a recreation room, half bath, Treplace and access to a private patio. Updated deck provides an amazing space to relax thissummer and fall, overlooking peaceful greenspace and water views! Wood Uoors on the top two levels with durable, luxuryvinyl in the daylit basement. Quiet courtyard locationthat'stucked into a sweet enclave of homes within Flower Hill.Tot lot ideally located just around the corner from this home.Flower Hill community HOA offerstennis, handball, basketball, a swimming pool complex with 3 pools & a community center. County parksnestled within Flower Hill offer over 30 acres of recreation space & amenities like soccer, volleyball, softball, baseball, tennis and additional tot lots. Exceptional combination of location, layout & fabulous condition... at an exceptional price!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
18029 Fertile Meadow Ct $420,000 CLOSED
8/24/21
18033 Fence Post Court, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
3 Beds 2.0/2.0 Baths Year Built 1989
MLS #MDMC2008528 1,580 Sq. Ft. ($266 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
18113 Kodella Ct $435,000 CLOSED
MLS #MDMC738008
Gaithersburg, MD 20877
3 Beds 2.0/0 Baths Year Built 1988
2/24/21
884 Sq. Ft. ($492 / sqft) Days on market: 10
Details Prop Type: Single Family Residence
Acres: 0.21
Updated: Feb 26, 2021 12:54 AM
County: MONTGOMERY
Lot Size: 9,061
List Price: $435,000
Subdivision: EMORY GROVE PARK
List date: 1/9/21
Orig list price: $419,900
Off-market date: 2/24/21
Assoc Fee: $29
Above Grade Finished Area Source: Assessor
Basement: Walkout Level, Daylight, Full
Cooling Fuel: Electric
Levels: 2
Direction Faces: Southwest
Above Grade Finished Area Units: Square Feet
Basement Finished Percent: 75.0
Door Features: Six Panel
Living Area Source: Estimated
Below Grade Finished Area: 663
Fencing: Fully
Lot Size Source: Assessor
Accessibility Features: None
Furnished: No
Lot Size Units: Square Feet
Below Grade Finished Area Source: Estimated
Heating: Central
Main Level Bedrooms: 2
Heating Fuel: Electric
Other Equipment: None
Below Grade Finished Area Units: Square Feet
Hot Water: Electric
Other Structures: None
Construction Materials: Blown-In Insulation
Interior Features: Attic, Carpet, Chair Railings, Dining Area
Patio And Porch Features: Deck(s), Patio(s)
Cooling: Central A/C
Laundry Type: Basement
Style: ["Split Foyer"]
Full baths: 2.0
Taxes: $3,474 School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater Association Fee Frequency: Monthly
Pets Allowed: No Pet Restrictions
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
Property Condition: Excellent, Very Good
Senior Community Yn: false
Tax Year: 2020
Sewer: Public Sewer
Roof: Shingle
Structure Type: Detached
Utilities: Electric Available, Water Available
Window Features: Double Hung, Energy EVcient, Low-E, Replacement, Screens
Special Listing Conditions: Standard
Tax Lot: 8
Water Source: Public
Year Built Effective: 2020 Zoning: R60
Remarks Gorgeously renovated. Open Uoor plan. Totally New Kitchen and Bathrooms. All new windows, interior and exterior doors. Fresh Paint. Quiet Cul-de-sac, back to park.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
18113 Kodella Ct
18033 Fence Post Court, Gaithersburg, Maryland 20877
$435,000 CLOSED
MLS #MDMC738008
Gaithersburg, MD 20877
2/24/21
3 Beds 2.0/0 Baths Year Built 1988
884 Sq. Ft. ($492 / sqft) Days on market: 10
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
18016 Fence Post Ct
Gaithersburg, MD 20877
$410,000 ACTIVE UNDER CONTRACT
3 Beds 2.0/2.0 Baths Year Built 1989
9/15/21
MLS #MDMC2005256 1,555 Sq. Ft. ($264 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Half baths: 2.0
List Price: $410,000
Acres: 0.08
Orig list price: $389,900
High: COL. ZADOK MAGRUDER
County: MONTGOMERY
Lot Size: 3,647
Assoc Fee: $460
Middle: REDLAND
Subdivision: EMORY GROVE PARK
List date: 8/5/21
Taxes: $3,342
Updated: Aug 10, 2021 6:07 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary: JUDITH A. RESNIK
Association Amenities: Community Center, Pool Outdoor, Tot Lots/ Playground
Below Grade Finished Area: 450
Electric: Photovoltaics ThirdParty Owned
Below Grade Finished Area Source: Assessor
Fencing: Wood, Fully
Association Fee Frequency: Annually
Below Grade Finished Area Units: Square Feet
Fireplaces Total: 1
Association Fee Includes: Pool(s)
Construction Materials: Vinyl Siding
Heating: Forced Air
Association Name: FLOWER HILL
Cooling: Ceiling Fan(s), Central A/C
Basement: Full, Fully Finished, Interior Access
Cooling Fuel: Electric
Style: ["Colonial"] Full baths: 2.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range Electric, Refrigerator, Washer, Water Heater, Dryer - Electric, Exhaust Fan, Range Hood, Stainless Steel Appliances
Fireplace Features: Wood Flooring: Carpet, Hardwood Heating Fuel: Natural Gas Hot Water: Natural Gas
Door Features: Storm
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
Interior Features: Carpet, Crown Moldings, Floor Plan Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Walk-in Closet(s), Wood Floors, Ceiling Fan(s), Combination Dining/Living, Dining Area, Kitchen - Eat-In, Kitchen - Table Space, Upgraded Countertops, Attic
18033 Fence Post Court, Gaithersburg, Maryland 20877
Lot Size Source: Assessor Lot Size Units: Square Feet Parking Features: Paved Driveway Patio And Porch Features: Deck(s) Roof: Asphalt, Shingle
Laundry Type: Basement Levels: 3 Living Area Source: Assessor
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Den, Foyer, Laundry, Storage Room, Primary Bathroom, Full Bath, Half Bath
Tax Lot: 15 Tax Year: 2020 Total Garage And Parking Spaces: 2 Water Source: Public
Special Listing Conditions: Standard
Window Features: Double Pane, Double Hung, Vinyl Clad
Senior Community Yn: false
Zoning: R60
Sewer: Public Sewer
Driveway Spaces: 2
Structure Type: Interior Row/ Townhouse
Remarks Open Uoor plan 3BR/2FB/2HB END UNIT townhouse on cul-de-sac with vaulted ceilings, a fully updated eat-in kitchen, private fenced yard with large deck, spacious owner's suite with walk-in closet, fully Tnished basement with a wood burning Treplace, lots of storage, off street parking for multiple cars and so much more. Nearly everything updated! This is the one you've been waiting for! It will be hard to top these features for the price. Super convenient location--just minutes to the Shady Grove Metro, I-270/370, shopping, dining and more. **OFFERS DEADLINE TUESDAY 8/10 AT 5PM**
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
18016 Fence Post Ct $410,000 ACTIVE UNDER CONTRACT
Gaithersburg, MD 20877
3 Beds 2.0/2.0 Baths 9/15/21
Year Built 1989
MLS #MDMC2005256 1,555 Sq. Ft. ($264 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
Comparable Property Statistics S
4 Sold Listings LOWEST
$400,000
P
AVERAGE
$425,000
HIGH
$445,000
AVG PRICE / SQFT
AVG DOM
$330
6
AVG PRICE / SQFT
AVG DOM
$264
6
1 Active Under Contract Listings LOWEST
$410,000
AVERAGE
$410,000
HIGH
$410,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
Sold Property Analysis Averages
104.9%
Homes sold for an average of 104.9% of their list price.
6
Days on market
It took an average of 6 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
18033 Fertile Meadow Ct
$380,000
$400,000
105.26%
5
$278
18020 Fence Post Ct
$400,000
$445,000
111.25%
3
$286
18029 Fertile Meadow Ct
$384,900
$420,000
109.12%
6
$266
18113 Kodella Ct
$419,900
$435,000
103.60%
10
$492
$396,200
$425,000
107.27%
6
$330
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
18033 Fence Post Court, Gaithersburg, Maryland 20877
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 Tnished with hardwood Uoors 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 Uowers 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
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