______
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Mauricio Molina JUNE 21, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
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
8136 Norwood Drive, Alexandria, Virginia 22309
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
P = PENDING
BEDS
BATHS
SQFT
PRICE
8136 Norwood Dr
4
2.00
1,046
-
1
Subject
2
VAFX1170210
S
8000 Kidd St
5
2.0/0
1,100
$492,000
3
VAFX1190048
S
7921 Ashboro Dr
3
2.0/0
1,100
$479,900
4
VAFX1204028
P
8223 Ingersol Rd
4
2.0/1.0
1,044
$475,000
5
VAFX1189322
P
8204 Frye Rd
3
1.0/1.0
1,888
$500,000
6
VAFX1207868
P
4303 Fielding St
4
2.0/0
1,078
$499,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
8000 Kidd St 7921 Ashboro Dr
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
2/5/21
5
2.0/0
1,100
$492,000
$447
5/14/21
3
2.0/0
1,100
$479,900
$436
1,100
$485,950
$442
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
7/6/21
4
2.0/1.0
1,044
$475,000
$455
8204 Frye Rd
6/25/21
3
1.0/1.0
1,888
$500,000
$265
4303 Fielding St
7/26/21
4
2.0/0
1,078
$499,000
$463
1,336
$491,333
$394
8223 Ingersol Rd
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
8000 Kidd St
8136 Norwood Drive, Alexandria, Virginia 22309
$492,000 CLOSED
MLS #VAFX1170210
Alexandria, VA 22309
5 Beds 2.0/0 Baths Year Built 1964
2/5/21
1,100 Sq. Ft. ($447 / sqft) Days on market: 40
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.32
Updated: Feb 6, 2021 4:50 AM
School District: FAIRFAX COUNTY PUBLIC SCHOOLS
County: FAIRFAX
Lot Size: 13,846
List Price: $502,000
High: MOUNT VERNON
Subdivision: MT VERNON VALLEY
List date: 11/27/20
Orig list price: $519,900
Middle: WHITMAN
Off-market date: 2/6/21
Taxes: $4,978
Elementary: WOODLAWN
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Living Area Source: Assessor
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Builder Model: POLK
Lot Size Source: Assessor
Tax Lot: 11
Construction Materials: Aluminum Siding
Lot Size Units: Square Feet
Tax Year: 2020
Main Level Bedrooms: 3
Cooling: Central A/C
Water Source: Public
Room Type: Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Bedroom 1
Zoning: 130
Style: ["Split Foyer"]
Features
Accessibility Features: None Appliances: Dishwasher, Disposal, Dryer, Oven/Range Electric, Refrigerator, Washer Basement: Fully Finished, Rear Entrance, Connecting Stairway Below Grade Finished Area Source: Assessor
Cooling Fuel: Electric Fireplaces Total: 1 Heating: Forced Air Heating Fuel: Natural Gas Hot Water: Natural Gas
Special Listing Conditions: Standard
Levels: 2
Senior Community Yn: false
Structure Type: Detached
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Remarks GREAT SINGLE HOUSE ON LARGE FLAT CORNER LOT, CORIAN COUNTER TOPS AND HARD WOOD FLOORS ON MAIN LEVEL, DOUBLE PANE WINDOWS, GREAT LOCATION ONLY MINUTES TO FORT BELVOIR, ALEXANDRIA CITY AND DC. THANK YOU FOR SHOWING.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
8000 Kidd St
8136 Norwood Drive, Alexandria, Virginia 22309
$492,000 CLOSED
MLS #VAFX1170210
Alexandria, VA 22309
2/5/21
5 Beds 2.0/0 Baths Year Built 1964
1,100 Sq. Ft. ($447 / sqft) Days on market: 40
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
7921 Ashboro Dr $479,900 CLOSED
MLS #VAFX1190048
Alexandria, VA 22309
3 Beds 2.0/0 Baths Year Built 1966
5/14/21
1,100 Sq. Ft. ($436 / sqft) Days on market: 2
Details Prop Type: Single Family Residence County: FAIRFAX
Acres: 0.36
High: MOUNT VERNON
Lot Size: 15,518
Updated: May 14, 2021 12:01 PM
Elementary: MOUNT VERNON WOODS
Garages: 2
List Price: $479,900
Subdivision: FAIRFIELD
List date: 3/31/21
Orig list price: $479,900
Style: ["Split Level", "Colonial"]
Off-market date: 5/14/21
Taxes: $4,909
Middle: WHITMAN
School District: FAIRFAX COUNTY PUBLIC SCHOOLS
Full baths: 2.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven - Wall, Oven - Single
Basement: Daylight, Partial, Connecting Stairway, Full, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance, Windows Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet Construction Materials: Vinyl Siding, Aluminum Siding
Cooling: Ceiling Fan(s), Central A/C Cooling Fuel: Electric Fireplaces Total: 1 Flooring: Carpet, Ceramic Tile, Laminated
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Dining Area, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Laundry Chute, Pantry Levels: 3
Heating: Forced Air, Heat Pump(s)
Living Area Source: Assessor
Heating Fuel: Natural Gas
Lot Size Source: Assessor
Hot Water: Natural Gas
Lot Size Units: Square Feet
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
# Of Attached Garage Spaces: 2 Other Structures: Shed Property Condition: Excellent, Very Good Roof: Asphalt
8136 Norwood Drive, Alexandria, Virginia 22309
Room Type: Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Recreation Room, Bathroom 2, Primary Bathroom
Senior Community Yn: false Sewer: Public Sewer
Total Garage And Parking Spaces: 2
Structure Type: Detached
Water Source: Public
Tax Lot: 291
Zoning: 130
Tax Year: 2021
Special Listing Conditions: Standard
Remarks Stop the Car!!! Well Maintained, Split Level Single Family Home in Sought After Mount Vernon Area! Freshly Painted Throughout, New Carpet in Basement & Upper Level. Fully Renovated Full Bath Upstairs. Large , Extended 2 Car Garage; 3 Bedrooms w/ 2 Full Baths. Large Fenced Corner Lot w/ Shed. Covered Screen Porch Great for Entertaining! Close to All Major Roads, Restaurants and Parks. Updated HVAC, Gas Hot Water Heater, Breaker Box, Windows, DehumidiTer & Crawl Space Encapsulation, and Attic Insulation.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
7921 Ashboro Dr
8136 Norwood Drive, Alexandria, Virginia 22309
$479,900 CLOSED
MLS #VAFX1190048
Alexandria, VA 22309
5/14/21
3 Beds 2.0/0 Baths Year Built 1966
1,100 Sq. Ft. ($436 / sqft) Days on market: 2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
8223 Ingersol Rd $475,000 ACTIVE UNDER CONTRACT
MLS #VAFX1204028
Alexandria, VA 22309
4 Beds 2.0/1.0 Baths Year Built 1960
7/6/21
1,044 Sq. Ft. ($455 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Jun 6, 2021 4:26 AM
School District: FAIRFAX COUNTY PUBLIC SCHOOLS
County: FAIRFAX
Acres: 0.25
List Price: $475,000
High: MOUNT VERNON
Subdivision: MT VERNON VALLEY
Lot Size: 10,800
Orig list price: $475,000
Middle: WHITMAN
List date: 6/4/21
Taxes: $4,637
Elementary: WOODLAWN
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 800
Heating: Forced Air
Lot Size Units: Square Feet
Heating Fuel: Natural Gas
Main Level Bedrooms: 3
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Estimated
Hot Water: Natural Gas
Parking Features: Asphalt Driveway
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Style: ["Split Foyer"]
Features
Appliances: Dishwasher, Disposal, Dryer, Cooktop, Refrigerator, Washer, Oven Wall Basement: Fully Finished, Walkout Stairs, Rear Entrance, Outside Entrance
Construction Materials: Brick, Combination Cooling: Central A/C
Interior Features: Wood Floors, Ceiling Fan(s), Kitchen - Eat-In, Kitchen Table Space, Primary Bath(s) Levels: 2
Patio And Porch Features: Deck(s) Special Listing Conditions: Standard
Living Area Source: Estimated
Senior Community Yn: false
Cooling Fuel: Electric Fireplace Features: Screen, Wood
Lot Features: Front Yard, Level, Rear Yard, SideYard(s)
Structure Type: Detached
Fireplaces Total: 1
Lot Size Source: Assessor
Sewer: Public Sewer Tax Lot: 2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Tax Year: 2020
Water Source: Public
Total Garage And Parking Spaces: 2
Zoning: 130
Driveway Spaces: 2
Remarks OPEN SAT/SUN 1-2:30PM - Great 4-bedroom home with a large, fully-fenced backyard! The main level features hardwood Uoors throughout, bright living room and large eat-in kitchen. Master bedroom with master half bath and two additional bedrooms with a full bath. Lower level features a large rec room with wood-burning Treplace, fourth bedroom with separate rear entrance, and full bath. Additional Uexible storage and laundry room. Enjoy summer nights and entertaining with a private deck off of the kitchen with stairs down to the backyard. Windows, HVAC, and hot water heater have been updated in recent years. Close to Ft. Belvoir, Rt 1, and Mt Vernon.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
8223 Ingersol Rd $475,000 ACTIVE UNDER CONTRACT
MLS #VAFX1204028
Alexandria, VA 22309
4 Beds 2.0/1.0 Baths 7/6/21
Year Built 1960
1,044 Sq. Ft. ($455 / sqft) Days on market: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
8204 Frye Rd $500,000 PENDING
MLS #VAFX1189322
Alexandria, VA 22309
3 Beds 1.0/1.0 Baths Year Built 1964
6/25/21
1,888 Sq. Ft. ($265 / sqft) Days on market: 36
Details Prop Type: Single Family Residence
High: MOUNT VERNON
Acres: 0.25
Updated: Jun 18, 2021 10:40 AM
Lot Size: 10,750
List Price: $500,000
Elementary: WOODLAWN
Garages: 1
Orig list price: $500,000
List date: 5/20/21
Taxes: $4,867
Off-market date: 6/16/21
School District: FAIRFAX COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Estimated
Below Grade Finished Area Source: Assessor
Heating: Forced Air
Levels: 2
Heating Fuel: Natural Gas
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Living Area Source: Estimated
Accessibility Features: None
Construction Materials: Brick, Vinyl Siding
County: FAIRFAX Subdivision: WOODLAWN TERRACE Style: ["Split Foyer"] Full baths: 1.0
Half baths: 1.0
Middle: WHITMAN
Features
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer Electric, Exhaust Fan, Oven/ Range - Gas, Range Hood, Refrigerator, Stove, Washer Basement: Full, English
Fireplaces Total: 1
Interior Features: Attic, Ceiling Fan(s), Floor Plan Traditional, Formal/Separate Dining Room, Kitchen EVciency, Primary Bath(s), Upgraded Countertops, Window Treatments, Wood Floors, Wood Stove
Furnished: No
Laundry Type: Lower Floor
Cooling: Central A/C Cooling Fuel: Electric Electric: 120/240V
Lot Size Source: Assessor Lot Size Units: Square Feet Main Level Bedrooms: 3 # Of Attached Garage Spaces: 1 Other Equipment: None Other Structures: Shed
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Pets Allowed: No Pet Restrictions
Security Features: Main Entrance Lock
Tax Year: 2020
Property Condition: Very Good
Senior Community Yn: false
Total Garage And Parking Spaces: 3
Window Features: Double Pane, Energy EVcient, Replacement, Screens
Sewer: Public Sewer
Utilities: Cable TV
Zoning: 130
Special Listing Conditions: Standard
Structure Type: Detached
Water Source: Public
Driveway Spaces: 2
Tax Lot: 56
Remarks No Description for this property.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
8204 Frye Rd
8136 Norwood Drive, Alexandria, Virginia 22309
$500,000 PENDING
MLS #VAFX1189322
Alexandria, VA 22309
6/25/21
3 Beds 1.0/1.0 Baths Year Built 1964
1,888 Sq. Ft. ($265 / sqft) Days on market: 36
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
4303 Fielding St $499,000 PENDING
MLS #VAFX1207868
Alexandria, VA 22309
4 Beds 2.0/0 Baths Year Built 1966
7/26/21
1,078 Sq. Ft. ($463 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Acres: 0.24 Lot Size: 10,507
Updated: Jun 14, 2021 12:57 PM
School District: FAIRFAX COUNTY PUBLIC SCHOOLS
County: FAIRFAX
Garages: 1
List Price: $499,000
High: MOUNT VERNON
Subdivision: FAIRFIELD
List date: 6/11/21
Orig list price: $499,000
Middle: WHITMAN
Style: ["Split Level"]
Off-market date: 6/14/21
Taxes: $4,702
Elementary: MOUNT VERNON WOODS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Other Structures: None
Above Grade Finished Area Units: Square Feet
Construction Materials: Aluminum Siding, Brick
Interior Features: Formal/ Separate Dining Room, Kitchen - Eat-In Levels: 3
Roof: Shingle
Accessibility Features: None
Cooling: Central A/C
Appliances: Built-In Microwave, Dryer, Disposal, Dishwasher, Stove, Washer
Cooling Fuel: Electric
Living Area Source: Assessor
Special Listing Conditions: Standard Senior Community Yn: false
Heating: Central
Lot Features: Landscaping, Level, Rear Yard, Trees/ Wooded
Heating Fuel: Natural Gas
Lot Size Source: Assessor
Structure Type: Detached
Hot Water: Natural Gas
Lot Size Units: Square Feet
Tax Lot: 116
# Of Attached Garage Spaces: 1
Tax Year: 2020
Full baths: 2.0
Features
Basement: Partially Finished, Rear Entrance, Walkout Stairs, Windows
Exterior Features: Other
Below Grade Finished Area Source: Assessor
Patio And Porch Features: Deck(s), Enclosed
Sewer: Public Sewer
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
Total Garage And Parking Spaces: 1
8136 Norwood Drive, Alexandria, Virginia 22309
Virtual Tour: View
Water Source: Public
Zoning: 130
Remarks Absolutely charming and updated split level home with a private, fenced spacious Uat yard tucked away close to parkland in Alexandria! It's THE PERFECT Starter home! Hardwood Floors on main and upper levels. Updated Kitchen, with Corian Counters, Gas Stove, custom Open Shelving and additional butcher block counter top. Recently Renovated Upstairs Bath with New Vanity, Subway tiles, Marble-like Ceramic Uoors. Lower Level with den/oVce area, full bathroom and Recreation Room that can be used as the 4th bedroom / In-law suite. Laundry room/Utility room with ample storage space and access the back yard. There's also a Sunroom/All- season room that opens to the gorgeous back yard with a Custom Built Deck, great for entertaining or relaxing evenings outside. There's also a separate Tre-pit area in the back yard! Fantastic location with Easy Access to Old Town Alexandria, Fort Belvoir, Newington, GW Parkway, Route 1, Fairfax County Parkway, Restaurants and Shops including the Newington Costo and so much more!! Open Sunday 1-4pm.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
4303 Fielding St
8136 Norwood Drive, Alexandria, Virginia 22309
$499,000 PENDING
MLS #VAFX1207868
Alexandria, VA 22309
7/26/21
4 Beds 2.0/0 Baths Year Built 1966
1,078 Sq. Ft. ($463 / sqft) Days on market: 4
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
8136 Norwood Drive, Alexandria, Virginia 22309
Comparable Property Statistics S
2 Sold Listings LOWEST
$479,900
P
AVERAGE
$485,950
HIGH
$492,000
AVG PRICE / SQFT
AVG DOM
$442
21
AVG PRICE / SQFT
AVG DOM
$394
14
3 Active Under Contract Listings LOWEST
$475,000
AVERAGE
$491,333
HIGH
$500,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
Sold Property Analysis Averages
99.0%
Homes sold for an average of 99.0% of their list price.
21
Days on market
It took an average of 21 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
8000 Kidd St
$519,900
$492,000
94.63%
40
$447
7921 Ashboro Dr
$479,900
$479,900
100.00%
2
$436
$499,900
$485,950
97.21%
21
$442
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
8136 Norwood Drive, Alexandria, Virginia 22309
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
24