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Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
Jimenez hilda & Requeno Armando OCTOBER 26, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
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
13556 Station Street, Germantown, Maryland 20874
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
13556 Station St
3
2.00
2,176
-
1
Subject
2
MDMC2002818
S
13518 Waterford Hills Blvd
3
2.0/1.0
2,176
$369,000
3
MDMC754624
S
13626 Dover Cliffs Pl
3
2.0/1.0
2,176
$370,100
4
MDMC2000778
S
13575 Station St
3
2.0/1.0
2,176
$370,000
5
MDMC2012158
A
13556 Station St
3
2.0/1.0
2,176
$345,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
13518 Waterford Hills Blvd 13626 Dover Cliffs Pl 13575 Station St
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
8/6/21
3
2.0/1.0
2,176
$369,000
$170
10/21/21
3
2.0/1.0
2,176
$370,100
$170
8/20/21
3
2.0/1.0
2,176
$370,000
$170
2,176
$369,700
$170
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
3
2.0/1.0
2,176
$345,000
$159
2,176
$345,000
$159
13556 Station St
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Listings
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
13518 Waterford Hills Blvd $369,000 CLOSED
Germantown, MD 20874
MLS #MDMC2002818
3 Beds 2.0/1.0 Baths
2,176 Sq. Ft. ($170 / sqft)
Year Built 2010
8/6/21
Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 8/6/21
Assoc Fee: $120
Half baths: 1.0 Lot Size:
Updated: Aug 6, 2021 7:00 PM
Taxes: $3,386
County: MONTGOMERY
Garages: 1
List Price: $369,000
List date: 6/27/21
Orig list price: $368,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Fee Includes: Common Area Maintenance, Lawn Maintenance, Road Maintenance, Snow Removal, Water, Trash
Below Grade Finished Area Units: Square Feet
Living Area Source: Assessor
Building Name : BUCKINGHAM STATI
# Of Attached Garage Spaces: 1
Construction Materials: Brick, Vinyl Siding
Special Listing Conditions: Standard
Cooling: Central A/C
Senior Community Yn: false
Cooling Fuel: Electric
Sewer: Public Sewer
Basement: Garage Access, Connecting Stairway
Heating: Forced Air Heating Fuel: Natural Gas
Structure Type: Interior Row/ Townhouse
Below Grade Finished Area Source: Assessor
Hot Water: Natural Gas
Tax Year: 2020
Levels: 4
Total Garage And Parking Spaces: 2
Subdivision: BUCKINGHAM STATION Style: ["Contemporary"]
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Association Amenities: Club House, Fitness Center, Pool Outdoor Association Fee 2: 215 Association Fee 2 Frequency: Monthly Association Fee Frequency: Monthly
Association Name: BUCKINGHAM STATION Association Name 2: BUCKINGHAM STATION
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Water Source: Public
13556 Station Street, Germantown, Maryland 20874
Zoning: RESIDENTIAL
Driveway Spaces: 1
Remarks Very-well maintained 4 levels townhouse style condo located at Buckingham Station community with 3 bedrooms, 2 full baths and 1 half bath. MOVE- IN READY with many exquisite Tnishes and upgrades; Fresh paint, brand new carpet, upgraded hardwood Uoor, updated stainless-steel appliances , recessed lighting throughout and a private balcony. This house has a very beautiful brick front exterior and offers over 2,100 SF with an attached car garage and driveway. Very desirable unit on the top levels with many upgrades. The main level features a powder room, spacious family room leading to the dining room and kitchen; updated gleaming hardwood and ceramic tiles Uooring throughout. The top level has three bedrooms including a large primary bedroom suite with a large walk-in closet and en-suite bathroom. Close proximity to major commuter routes.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
13518 Waterford Hills Blvd $369,000 CLOSED
8/6/21
Germantown, MD 20874
MLS #MDMC2002818
3 Beds 2.0/1.0 Baths
2,176 Sq. Ft. ($170 / sqft)
Year Built 2010
Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
13626 Dover Cliffs Pl
Germantown, MD 20874
$370,100 CLOSED
3 Beds 2.0/1.0 Baths Year Built 2007
10/21/21
MLS #MDMC754624 2,176 Sq. Ft. ($170 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 10/21/21
Assoc Fee: $120
Half baths: 1.0 Lot Size:
Updated: Oct 21, 2021 10:56 AM
Taxes: $3,380
County: MONTGOMERY
Garages: 1
List Price: $360,000
List date: 9/16/21
Orig list price: $360,000
Association Fee 2: 215
Construction Materials: Brick
Subdivision: BUCKINGHAM STATION Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet
Association Fee 2 Frequency: Monthly
Cooling: Central A/C
Association Fee Frequency: Monthly
Cooling Fuel: Electric
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Gas
Association Fee Includes: Ext Bldg Maint, Snow Removal, Trash, Water, Sewer
Heating: Forced Air
Below Grade Finished Area Source: Assessor
Hot Water: Electric
Association Amenities: Club House, Exercise Room, Pool Outdoor
Below Grade Finished Area Units: Square Feet
Accessibility Features: None
Foundation Details: Other Heating Fuel: Electric
Interior Features: Carpet, Combination Dining/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen Island, Soaking Tub, Stall Shower, Upgraded Countertops, Walk-in Closet(s) Levels: 3 Living Area Source: Assessor # Of Attached Garage Spaces: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
Pets Allowed: No Pet Restrictions Special Listing Conditions: Standard
13556 Station Street, Germantown, Maryland 20874
Sewer: Public Septic Structure Type: Interior Row/ Townhouse Tax Year: 2021
Total Garage And Parking Spaces: 2
Zoning: 114 Driveway Spaces: 1
Virtual Tour: View Water Source: Public
Senior Community Yn: false
Remarks Don't miss this this sunlit 3 bedroom 2.5 bath upper level unit with soaring ceilings, upgraded Tnishes, 2 private balconies that overlook tranquil woods, almost 2,200 square feet of living space, plus a 1 car garage! The main level is open and spacious, perfect for entertaining, and includes a private balcony, large enough for outdoor dining with friends. The kitchen island is the centerpiece of the kitchen area, which also boasts granite countertops, upgraded stainless steel appliances including a gas range and brand new built in microwave, as well as a spacious pantry. Flat screen TV and electric Treplace shown in photos are included in the sale! Washer and dryer are conveniently located in kitchen area. The upper level boasts a large owner's suite with ceiling fan, walk-in closet and en suite bathroom featuring double vanity, soaking tub and separate shower. Enjoy your morning coffee on the private balcony off of the owner's suite. Two additional bedrooms, both with high ceilings and double closets, share another full bathroom on the upper level. The entire unit is freshly painted. The Buckingham Station Community has a pool, a playground, as well as a Ttness center. Located just a few minutes away from 270, shops and restaurants.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
13626 Dover Cliffs Pl $370,100 CLOSED
10/21/21
13556 Station Street, Germantown, Maryland 20874 Germantown, MD 20874
3 Beds 2.0/1.0 Baths Year Built 2007
MLS #MDMC754624 2,176 Sq. Ft. ($170 / sqft) Days on market: 4
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
13575 Station St $370,000 CLOSED
MLS #MDMC2000778
Germantown, MD 20874
3 Beds 2.0/1.0 Baths Year Built 2011
8/20/21
2,176 Sq. Ft. ($170 / sqft) Days on market: 17
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 8/23/21
Assoc Fee: $185
Half baths: 1.0 Lot Size:
Updated: Aug 23, 2021 10:09 AM
Taxes: $3,379
County: MONTGOMERY
Garages: 1
List Price: $370,000
List date: 7/9/21
Orig list price: $370,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Monthly
Heating Fuel: Electric
Sewer: Public Sewer
Hot Water: Electric
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Levels: 4
Structure Type: Interior Row/ Townhouse
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Subdivision: BUCKINGHAM STATION Style: ["Traditional"]
Features
Living Area Source: Assessor
Tax Year: 2020
Lot Size Source: Estimated
Total Garage And Parking Spaces: 1
Lot Size Units: Square Feet
Virtual Tour: View
Construction Materials: Brick, Combination
# Of Attached Garage Spaces: 1
Water Source: Public
Association Fee 2: 119
Cooling: Central A/C
Association Fee 2 Frequency: Monthly
Cooling Fuel: Electric
Special Listing Conditions: Standard
Association Amenities: Club House, Fitness Center, Jog/ Walk Path, Meeting Room, Pool - Outdoor, Swimming Pool, Common Grounds
Building Name : BUCKINGHAM STATI
Heating: Forced Air
Zoning: SEE PUBLIC RECORD
Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
Remarks Fantastic upper level unit! Better than new sunlit end unit with soaring ceilings, upgraded Tnishes, almost 2,200 sf of living space plus a 1 car garage! Large windows allowing lots of natural light and offering excellent views. Hardwood Uoors on the main level up to the kitchen formal dining area and kitchen space which walks out to a beautiful deck. Kitchen Island with granite countertops shines and shows beautifully, upgraded stainless steel appliances and 42" cabinetry. Upper level boasts a large primary bedroom suite with ceiling fan, walk-in closet and en suite bathroom featuring double vanity and separate tub and shower. Two additional large bedrooms share another full bathroom on the upper level. Laundry nook on the upper level as well for your convenience. The Buckingham Station Community has a pool, a playground, even a conference room and Ttness center. Located just a few minutes away from 270, shops and restaurants.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
13575 Station St
13556 Station Street, Germantown, Maryland 20874
$370,000 CLOSED
MLS #MDMC2000778
Germantown, MD 20874
8/20/21
3 Beds 2.0/1.0 Baths Year Built 2011
2,176 Sq. Ft. ($170 / sqft) Days on market: 17
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
13556 Station St $345,000 ACTIVE
MLS #MDMC2012158
Germantown, MD 20874
3 Beds 2.0/1.0 Baths Year Built 2009
8/19/21
2,176 Sq. Ft. ($159 / sqft) Days on market: 58
Details Prop Type: Single Family Residence
Half baths: 1.0
List Price: $345,000
High: SENECA VALLEY
Lot Size:
Orig list price: $349,900
County: MONTGOMERY
Garages: 1
Assoc Fee: $215
Middle: ROBERTO W. CLEMENTE
Subdivision: BUCKINGHAM STATION
List date: 8/19/21
Taxes: $3,378
Elementary: CLOPPER MILL
Updated: Oct 20, 2021 1:46 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Amenities: Club House, Pool - Outdoor, Tot Lots/Playground, Reserved/ Assigned Parking, Exercise Room, Community Center
Association Fee Includes: Snow Removal, Ext Bldg Maint, Water, Insurance
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, Washer, Refrigerator, Microwave, Water Heater
Association Fee 2: 120 Association Fee 2 Frequency: Monthly Association Fee Frequency: Monthly
Association Name: BUCKINGHAM STATION CODM
Below Grade Finished Area Units: Square Feet Building Name : BUCKINGHAM STATI Construction Materials: Combination, Brick
Association Name 2: BUCKINGHAM STATION CODM
Cooling: Central A/C
Below Grade Finished Area Source: Assessor
Heating: Central
Cooling Fuel: Electric Heating Fuel: Natural Gas Hot Water: Electric
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
Interior Features: Kitchen Eat-In, Breakfast Area, Crown Moldings, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open Levels: 3 Living Area Source: Assessor
13556 Station Street, Germantown, Maryland 20874
Parking Features: Assigned Patio And Porch Features: Balcony Pets Allowed: No Pet Restrictions Room Type: Primary Bedroom, Kitchen, Family Room, Laundry, Utility Room
# Of Attached Garage Spaces: 1
Special Listing Conditions: Standard
Total Garage And Parking Spaces: 1
Security Features: Security System
View: City
Senior Community Yn: false Sewer: Public Sewer Structure Type: Interior Row/ Townhouse
Virtual Tour: View, %20Germantown, %20MD%2020874 Water Source: Public Zoning: RMX
Tax Year: 2021
Remarks Back for Your Viewing Pleasure: Rarely Available Top Level Unit in Popular Buckingham Station. Gorgeous Kitchen with Oak Cabinets, Gas Stove, Stainless Steel Appliances, Granite Counter-Top and Kitchen Island. Freshly Painted, Wood Floors on Stairs and Main Level, New Carpet Upstairs. Spacious Master/Primary Bedroom with Large Bath and Walk-In Closet. Hall Bath Serves the Other Two Bedrooms. Balcony to Enjoy and Rear Attached Garage. High Ceilings with Ceiling Fans. Walk to the Community Center with Pool and Exercise Room. Excellent Location, Very Close to the Marc Train Station & Town Center with Both a Giant and Safeway, Blackrock Center for the Arts, County Library, shops and Restaurants.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
13556 Station St
13556 Station Street, Germantown, Maryland 20874
$345,000 ACTIVE
MLS #MDMC2012158
Germantown, MD 20874
8/19/21
3 Beds 2.0/1.0 Baths Year Built 2009
2,176 Sq. Ft. ($159 / sqft) Days on market: 58
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
Comparable Property Statistics S
3 Sold Listings LOWEST
$369,000
A
AVERAGE
$369,700
HIGH
$370,100
AVG PRICE / SQFT
AVG DOM
$170
8
AVG PRICE / SQFT
AVG DOM
$159
58
1 Active Listings LOWEST
$345,000
AVERAGE
$345,000
HIGH
$345,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
Sold Property Analysis Averages
100.9%
Homes sold for an average of 100.9% of their list price.
8
Days on market
It took an average of 8 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
13518 Waterford Hills Blvd
$368,000
$369,000
100.27%
5
$170
13626 Dover Cliffs Pl
$360,000
$370,100
102.81%
4
$170
13575 Station St
$370,000
$370,000
100.00%
17
$170
$366,000
$369,700
101.01%
8
$170
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
13556 Station Street, Germantown, Maryland 20874
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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