______
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Joel Kimpela JANUARY 4, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
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 Selds 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
7504 Twining Court, Landover, Maryland 20785
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = PENDING
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
7504 Twining Ct
3
3.50
1,046
-
1
Subject
2
MDPG2017204
S
524 Pacer Dr
4
2.0/1.0
1,074
$380,000
3
MDPG602014
S
502 Hill Rd
6
3.0/0
1,262
$382,500
4
MDPG2017252
S
7207 Hastings Dr
3
2.0/0
1,037
$350,000
5
MDPG2004218
P
7109 Hastings Dr
3
2.0/0
1,037
$379,900
6
MDPG2010776
P
7208 Giddings Dr
3
2.0/0
1,059
$359,900
7
MDPG2023636
A
7201 Giddings Dr
4
2.0/0
1,037
$394,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
524 Pacer Dr
12/20/21
4
2.0/1.0
1,074
$380,000
$354
6/25/21
6
3.0/0
1,262
$382,500
$303
12/28/21
3
2.0/0
1,037
$350,000
$338
1,124
$370,833
$331
502 Hill Rd 7207 Hastings Dr
Averages
P
PENDING LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
7109 Hastings Dr
1/14/22
3
2.0/0
1,037
$379,900
$366
7208 Giddings Dr
1/31/22
3
2.0/0
1,059
$359,900
$340
1,048
$369,900
$353
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
4
2.0/0
1,037
$394,900
$381
1,037
$394,900
$381
7201 Giddings Dr
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
524 Pacer Dr
7504 Twining Court, Landover, Maryland 20785
$380,000 CLOSED
MLS #MDPG2017204
Landover, MD 20785
4 Beds 2.0/1.0 Baths Year Built 1982
12/20/21
1,074 Sq. Ft. ($354 / sqft) Days on market: 12
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 12/20/21
Taxes: $4,013
Half baths: 1.0
County: PRINCE GEORGES
Acres: 0.14
Updated: Dec 20, 2021 7:04 PM
Subdivision: WILLOW HILLSRESUB PARC
Lot Size (sqft): 6,230
List Price: $379,900
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
List date: 11/6/21
Orig list price: $379,900
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Levels: 2
Above Grade Finished Area Units: Square Feet
Construction Materials: Other
Lot Size Source: Assessor
Tax Lot: 18
Accessibility Features: Other
Cooling: Central A/C
Lot Size Units: Square Feet
Tax Year: 2020
Basement: Fully Finished, Interior Access, Outside Entrance, Rear Entrance
Cooling Fuel: Electric
Main Level Bedrooms: 3
Water Source: Public
Foundation Details: Other
Special Listing Conditions: Standard
Zoning: R80
Heating: Heat Pump(s) Heating Fuel: Electric
Senior Community Yn: false
Style: ["Split Level"]
Features
Below Grade Finished Area Source: Assessor
Living Area Source: Assessor
Sewer: Public Septic, Public Sewer Structure Type: Detached
Hot Water: Natural Gas
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Remarks Spacious home in a quiet neighborhood just in minutes away from the beltway, shopping, restaurants and entertainment it's a great place to call home! Lower level has an extra kitchen and a separate entrance.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
524 Pacer Dr
7504 Twining Court, Landover, Maryland 20785
$380,000 CLOSED
MLS #MDPG2017204
Landover, MD 20785
12/20/21
4 Beds 2.0/1.0 Baths Year Built 1982
1,074 Sq. Ft. ($354 / sqft) Days on market: 12
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
502 Hill Rd
7504 Twining Court, Landover, Maryland 20785
$382,500 CLOSED
MLS #MDPG602014
Landover, MD 20785
6 Beds 3.0/0 Baths Year Built 1969
6/25/21
1,262 Sq. Ft. ($303 / sqft) Days on market: 14
Details Prop Type: Single Family Residence
Full baths: 3.0 Acres: 0.16
Updated: Oct 2, 2021 10:02 AM
County: PRINCE GEORGES
Lot Size (sqft): 6,996
List Price: $370,000
Subdivision: YORKSHIRE KNOLLS
List date: 4/16/21
Orig list price: $365,000
Off-market date: 6/26/21
Taxes: $4,600
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Living Area Source: Estimated
Structure Type: Detached
Above Grade Finished Area Units: Square Feet
Construction Materials: Other
Lot Size Source: Assessor
Tax Year: 2021
Lot Size Units: Square Feet
Accessibility Features: None
Cooling: Central A/C
Main Level Bedrooms: 3
Total Garage And Parking Spaces: 2
Basement: Fully Finished, Rear Entrance, Walkout Level
Cooling Fuel: Electric
Parking Features: Concrete Driveway
Water Source: Public
Below Grade Finished Area: 1000
Heating Fuel: Natural Gas
Driveway Spaces: 2
Below Grade Finished Area Source: Estimated
Hot Water: Natural Gas
Special Listing Conditions: Standard
Levels: 2
Senior Community Yn: false
Style: ["Split Foyer"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features
Heating: Central
Tax Lot: 58
Zoning: R55
Sewer: Public Sewer
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Remarks Nicely well kept spacious split level single family home with hardwood Toors throughout the main level separate living and dining room. Thishome boasts SIX bedrooms, THREE full baths, and the master bedroom has an ensuite bath. This home has new carpet installed all throughout and fresh paint. Eat in the kitchen with stainless steel appliances. Large basement also includes 3 bedrooms and a bonus room with plenty of storage space. Spacious rec room with a glass french door which leads to a large covered patio and spacious fenced in backyard to entertain. 15 minutes away Costco and shopping on South Dakota Ave, 20 minutes away from downtown DC. Don't miss out on this one it won't last!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
502 Hill Rd
7504 Twining Court, Landover, Maryland 20785
$382,500 CLOSED
MLS #MDPG602014
Landover, MD 20785
6/25/21
6 Beds 3.0/0 Baths Year Built 1969
1,262 Sq. Ft. ($303 / sqft) Days on market: 14
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
7207 Hastings Dr $350,000 CLOSED
MLS #MDPG2017252
Capitol Heights, MD 20743
3 Beds 2.0/0 Baths Year Built 1962
12/28/21
1,037 Sq. Ft. ($338 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.19
Updated: Dec 28, 2021 3:12 PM
County: PRINCE GEORGES
Lot Size (sqft): 8,063
List Price: $330,000
Subdivision: YORKSHIRE KNOLLS
Garages: 2
Orig list price: $350,000
List date: 11/12/21
Taxes: $4,118
Style: ["Raised Ranch/ Rambler"]
Off-market date: 12/28/21
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Basement: Full, Fully Finished, Garage Access, Improved, Interior Access, Outside Entrance
Exterior Features: Extensive Hardscape, Exterior Lighting
Interior Features: Breakfast Area, Ceiling Fan(s), Entry Level Bedroom, Crown Moldings, Floor Plan Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Recessed Lighting
Fencing: Partially
Laundry Type: Has Laundry
Below Grade Finished Area Source: Estimated
Foundation Details: Slab, Other
Levels: 2
Below Grade Finished Area Units: Square Feet
Heating: 90% Forced Air
Living Area Source: Estimated
Heating Fuel: Natural Gas
Lot Size Source: Assessor
Basement Finished Percent: 100.0 Below Grade Finished Area: 1037
Construction Materials: Brick Cooling: Central A/C Cooling Fuel: Electric
Hot Water: Natural Gas
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
Lot Size Units: Square Feet Main Level Bedrooms: 3 # Of Attached Garage Spaces: 2 Property Condition: Excellent
7504 Twining Court, Landover, Maryland 20785
Room Type: Living Room, Kitchen, Family Room, Den, Laundry Special Listing Conditions: Standard Senior Community Yn: false Sewer: Public Sewer
Structure Type: Detached Tax Lot: 29
Window Features: Double Pane
Tax Year: 2020
Zoning: R55
Total Garage And Parking Spaces: 3
Driveway Spaces: 1
Water Source: Public
Remarks Newly updated home in sought after Yorkshire Knolls. Fresh paint, polished hard wood Toors, brand new stainless steel kitchen appliances, granite countertops, new cabinets, large eat in kitchen, spacious living room , 3 bedrooms' , 1 full bathroom and crown molding on the main level. Fully Snished lower level with new Tooring, terriSc family room/rec room, bonus den/oUce, laundry room and door connecting to the ENORMOUS 2+ car garage (approximately 24' x 24')! Great location, newer windows than 2 miles to FedEx Field and easy on off to 495.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
7207 Hastings Dr
7504 Twining Court, Landover, Maryland 20785
$350,000 CLOSED
MLS #MDPG2017252
Capitol Heights, MD 20743
12/28/21
3 Beds 2.0/0 Baths Year Built 1962
1,037 Sq. Ft. ($338 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
7109 Hastings Dr $379,900 PENDING
MLS #MDPG2004218
Capitol Heights, MD 20743
3 Beds 2.0/0 Baths Year Built 1962
1/14/22
1,037 Sq. Ft. ($366 / sqft) Days on market: 59
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.21
Updated: Dec 28, 2021 5:24 AM
County: PRINCE GEORGES
Lot Size (sqft): 9,209
List Price: $379,900
Subdivision: NONE AVAILABLE
List date: 9/11/21
Orig list price: $379,900
Off-market date: 11/8/21
Taxes: $3,765
Basement: Connecting Stairway, Daylight, Partial, Heated, Improved, Interior Access, Outside Entrance, Partial, Partially Finished, Poured Concrete, Rear Entrance, Walkout Level, Windows
Construction Materials: Brick, Vinyl Siding
Style: ["Traditional"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Icemaker, Oven/ Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only, Water Heater
Below Grade Finished Area: 1025 Below Grade Finished Area Source: Estimated Below Grade Finished Area Units: Square Feet
Cooling: Central A/C Cooling Fuel: Natural Gas Foundation Details: Slab Heating: Central Heating Fuel: Natural Gas Hot Water: Natural Gas
Interior Features: Attic, Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan Traditional, Kitchen - Eat-In, Primary Bath(s), Pantry, Recessed Lighting, Upgraded Countertops, Wood Floors Levels: 1 Living Area Source: Estimated 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
15
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Main Level Bedrooms: 3
Senior Community Yn: false
Tax Lot: 34
Property Condition: Excellent
Sewer: Public Sewer
Tax Year: 2021
Special Listing Conditions: Standard
Structure Type: Detached
Water Source: Public
Zoning: R55
Remarks Stunning remodeled 3 bedroom, 2 full baths, and den rambler with partially Snished walkout basement with oUce or exercise room in the beautiful Yorkshire Knolls community. New kitchen, stainless steel appliances, granite countertops, new doors and baseboards, carpet, reSnished hardwood Toors, new furnace, new bathtubs, vanities, tile, gutters, facia, and soffets. Located within minutes of 495, Route 50, public transportation, and D.C. Won't last long. Call ShowingTime to show. Lockbox convenience.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
7109 Hastings Dr
7504 Twining Court, Landover, Maryland 20785
$379,900 PENDING
MLS #MDPG2004218
Capitol Heights, MD 20743
1/14/22
3 Beds 2.0/0 Baths Year Built 1962
1,037 Sq. Ft. ($366 / sqft) Days on market: 59
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
7208 Giddings Dr $359,900 PENDING
MLS #MDPG2010776
Capitol Heights, MD 20743
3 Beds 2.0/0 Baths Year Built 1963
1/31/22
1,059 Sq. Ft. ($340 / sqft) Days on market: 85
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.18
Updated: Jan 2, 2022 1:19 PM
County: PRINCE GEORGES
Lot Size (sqft): 7,821
List Price: $359,900
Subdivision: YORKSHIRE KNOLLS
List date: 9/3/21
Orig list price: $375,000
Off-market date: 1/2/22
Taxes: $3,816
Foundation Details: Other
Sewer: Public Sewer
Heating: Forced Air
Living Area Source: Estimated
Heating Fuel: Natural Gas
Lot Size Source: Estimated
Tax Lot: 21
Hot Water: Natural Gas
Lot Size Units: Square Feet
Tax Year: 2011
Inclusions: Parking Included In ListPrice
Main Level Bedrooms: 3
Water Source: Public
Property Condition: Very Good
Zoning: R55
Style: ["Split Foyer"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Estimated Above Grade Finished Area Units: Square Feet Accessibility Features: None Basement: Side Entrance, Fully Finished Construction Materials: Combination, Brick
Interior Features: Kitchen Table Space, Combination Dining/Living
Cooling: Central A/C
Levels: 2
Structure Type: Detached
Special Listing Conditions: Standard Senior Community Yn: false
Cooling Fuel: Electric
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Remarks Price Reduced!!! This lovely single family home shows well. Home features 3 bedooms, 1 1/2 baths, large living room, updated kitchen, hughe lower level, off street parking, and more. Home sold strictly as-is.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
7208 Giddings Dr
7504 Twining Court, Landover, Maryland 20785
$359,900 PENDING
MLS #MDPG2010776
Capitol Heights, MD 20743
1/31/22
3 Beds 2.0/0 Baths Year Built 1963
1,059 Sq. Ft. ($340 / sqft) Days on market: 85
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
7201 Giddings Dr $394,900 ACTIVE
MLS #MDPG2023636
Capitol Heights, MD 20743
4 Beds 2.0/0 Baths Year Built 1964
12/30/21
1,037 Sq. Ft. ($381 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Style: ["Split Level"]
List date: 12/30/21
Orig list price: $394,900
Full baths: 2.0 Acres: 0.19
Updated: Dec 29, 2021 7:07 PM
Taxes: $3,803
County: PRINCE GEORGES
Lot Size (sqft): 8,489
List Price: $394,900
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Senior Community Yn: false
Levels: 2
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Construction Materials: Combination
Living Area Source: Assessor
Structure Type: Detached
Accessibility Features: Other
Cooling: Central A/C
Lot Size Source: Assessor
Basement: Fully Finished, Outside Entrance
Cooling Fuel: Electric
Tax Year: 2020
Lot Size Units: Square Feet
Foundation Details: Other
Water Source: Public
Below Grade Finished Area Source: Assessor
Main Level Bedrooms: 3
Heating: Forced Air
Zoning: R55
Special Listing Conditions: Standard
Subdivision: YORKSHIRE KNOLLS
Features
Heating Fuel: Natural Gas
Tax Lot: 10
Remarks Welcome to an open and inviting, single family house. Location, you are going to love. Very close to the Metro and City.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Completely remodeled/ renovated with permits and inspections. Heavy up to 200 Amps. New roof with architectural shingles.. Upgraded bathrooms, Fresh paint, new carpet. New Rheem HVAC and water heater for many years of comfort. New SS appliances, New kitchen Cabinets, New quartz countertops. Very nice Tat backyard with nice patio. So many things,hard to list all. All the doors,interior and exterior are new. Most of the windows are new. Nicely graded yard front and back.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
7201 Giddings Dr
7504 Twining Court, Landover, Maryland 20785
$394,900 ACTIVE
MLS #MDPG2023636
Capitol Heights, MD 20743
12/30/21
4 Beds 2.0/0 Baths Year Built 1964
1,037 Sq. Ft. ($381 / sqft) Days on market: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Comparable Property Statistics S
3 Sold Listings LOWEST
$350,000
P
$370,833
HIGH
$382,500
AVG PRICE / SQFT
AVG DOM
$331
10
AVG PRICE / SQFT
AVG DOM
$353
72
AVG PRICE / SQFT
AVG DOM
$381
1
2 Pending Listings LOWEST
$359,900
A
AVERAGE
AVERAGE
$369,900
HIGH
$379,900
1 Active Listings LOWEST
$394,900
AVERAGE
$394,900
HIGH
$394,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
25
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
Sold Property Analysis Averages
103.0%
Homes sold for an average of 103.0% of their list price.
10
Days on market
It took an average of 10 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
524 Pacer Dr
$379,900
$380,000
100.03%
12
$354
502 Hill Rd
$365,000
$382,500
104.79%
14
$303
7207 Hastings Dr
$350,000
$350,000
100.00%
5
$338
$364,966
$370,833
101.61%
10
$331
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
26
Comparative Market Analysis
7504 Twining Court, Landover, Maryland 20785
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 Snished with hardwood Toors 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 Towers 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
27