______
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Sandra Merino JULY 6, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
201 Water St
3
3.00
1,152
-
1
Subject
2
MDMC2038254
S
15 Mills Rd
4
2.00
1,954
$510,000
3
MDMC2010954
S
111 Harmony Hall Rd
3
2.00
1,410
$470,000
4
MDMC2048706
S
209 W Deer Park Rd
5
3.00
2,292
$545,000
5
MDMC2041052
S
303 Buttry Rd
4
3.00
1,682
$505,000
6
MDMC2052762
A
43 Harmony Hall Rd
4
2.00
1,000
$529,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
2
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
15 Mills Rd
3/22/22
4
2.00
1,954
$510,000
$261
111 Harmony Hall Rd
9/17/21
3
2.00
1,410
$470,000
$333
209 W Deer Park Rd
5/27/22
5
3.00
2,292
$545,000
$238
303 Buttry Rd
4/26/22
4
3.00
1,682
$505,000
$300
1,834
$507,500
$283
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
4
2.00
1,000
$529,000
$529
1,000
$529,000
$529
43 Harmony Hall Rd
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
15 Mills Rd
201 Water Street, Gaithersburg, Maryland 20877
$510,000 CLOSED
MLS #MDMC2038254
Gaithersburg, MD 20877
4 Beds 2.00 Baths Year Built 1961
3/22/22
1,954 Sq. Ft. ($261 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.17
Updated: Mar 22, 2022 1:30 PM
County: MONTGOMERY
Lot Size (sqft): 7,300
List Price: $500,000
Subdivision: NONE AVAILABLE
List date: 2/17/22
Orig list price: $500,000
Off-market date: 3/22/22
Taxes: $4,542
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Hot Water: Electric
Structure Type: Detached
Levels: 2
Tax Lot: 5
Above Grade Finished Area Units: Square Feet
Construction Materials: Brick
Living Area Source: Assessor
Tax Year: 2021
Accessibility Features: None
Cooling: Central A/C
Lot Size Source: Assessor
Basement: Connecting Stairway
Cooling Fuel: Electric
Zoning: R90
Lot Size Units: Square Feet
Fireplaces Total: 1
Below Grade Finished Area: 800
Main Level Bedrooms: 3
Foundation Details: Concrete Perimeter
Below Grade Finished Area Source: Assessor
Special Listing Conditions: Standard
Heating: Central
Senior Community Yn: false
Heating Fuel: Natural Gas
Sewer: Public Sewer
Style: ["Contemporary"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
4
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Remarks Heart of Montgomery County access to 355 and 270, Nice and quiet neighborhood The house is rented and tenant have to notice agent is going to show, basement is Onished with two rooms and recreation area. 3 bedrooms and a bathroom on the Orst Poor, kitchen will be remodulate or if buyer prefer seller will give to buyer $5.000.00 for this project. Huge backyard to enjoy the comen summer, two entrance doors. Tenant requested to show from 3:00 pm to 7:00 pm
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
5
Comparative Market Analysis
15 Mills Rd
201 Water Street, Gaithersburg, Maryland 20877
$510,000 CLOSED
MLS #MDMC2038254
Gaithersburg, MD 20877
3/22/22
4 Beds 2.00 Baths Year Built 1961
1,954 Sq. Ft. ($261 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
111 Harmony Hall Rd
Gaithersburg, MD 20877
$470,000 CLOSED
3 Beds 2.00 Baths Year Built 1957
9/17/21
MLS #MDMC2010954 1,410 Sq. Ft. ($333 / sqft) Days on market: 8
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 9/17/21
Taxes: $3,203
Acres: 0.17
County: MONTGOMERY
Lot Size (sqft): 7,500
Updated: Mar 8, 2022 12:24 PM
Subdivision: BROWNS
List date: 8/12/21
List Price: $470,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Style: ["Ranch/Rambler"]
Orig list price: $419,900
Features Above Grade Finished Area Source: Estimated
Construction Materials: Other
Levels: 1
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Living Area Source: Estimated
Structure Type: Detached
Cooling: Central A/C Cooling Fuel: Electric
Lot Size Source: Assessor
Accessibility Features: None
Tax Year: 2020
Fireplace Features: Electric
Lot Size Units: Square Feet
Below Grade Finished Area Source: Assessor
Water Source: Public
Fireplaces Total: 1
Main Level Bedrooms: 3
Zoning: R90
Below Grade Finished Area Units: Square Feet
Heating: Central, Forced Air Heating Fuel: Electric
Special Listing Conditions: Standard
Hot Water: Electric
Senior Community Yn: false
Tax Lot: 20
Remarks Come see this GORGEOUS newly renovated 3 bedroom and 2 bath Rancher in Gaithersburg! When you enter the home you
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
are immediately in awe of the BEAUTIFUL open layout where no detail was overlooked. The Kitchen is STUNNING with reclaimed wood shelving (original to the home), Granite countertops, SS appliances, White Shaker cabinets, Butcher Block center island and Large Pantry. The MASTER SUITE is located in the new 600 SQFT addition at the back of the home with a Large closet and en-suite. Enjoy the serenity of the shaded fully fenced backyard. With all new windows, Pooring, carpet and paint you will feel like you are walking into a brand-new build but without the sticker shock. This home is being sanitized regularly by the owner and ready for immediate move-in. SCHEDULE your SHOWING TODAY!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
111 Harmony Hall Rd $470,000 CLOSED
9/17/21
201 Water Street, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
3 Beds 2.00 Baths Year Built 1957
MLS #MDMC2010954 1,410 Sq. Ft. ($333 / sqft) Days on market: 8
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
209 W Deer Park Rd
Gaithersburg, MD 20877
$545,000 CLOSED
5 Beds 3.00 Baths Year Built 1974
5/27/22
MLS #MDMC2048706 2,292 Sq. Ft. ($238 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.23
Updated: May 27, 2022 2:04 PM
County: MONTGOMERY
Lot Size (sqft): 9,942
List Price: $495,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: BRIGHTON EAST
List date: 5/5/22
Orig list price: $495,000
High: GAITHERSBURG
Off-market date: 5/27/22
Taxes: $528
Middle: FOREST OAK
Basement: Connecting Stairway, Space For Rooms, UnOnished
Cooling Fuel: Electric
Hot Water: Electric
Door Features: Sliding Glass
Interior Features: Attic, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen Table Space, Pantry, Tub Shower, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Style: ["Split Level"]
Elementary: SUMMIT HALL
Full baths: 2.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven/Range Electric, Refrigerator, Stainless Steel Appliances, Washer
Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet
Fencing: Fully Fireplace Features: Free Standing, Wood, Mantel(s) Fireplaces Total: 1
Construction Materials: Brick, Combination, Vinyl Siding
Flooring: Carpet, Ceramic Tile, Hardwood
Cooling: Central A/C, Ceiling Fan(s)
Heating: Central
Foundation Details: Other Heating Fuel: Electric
Levels: 4 Living Area Source: Assessor
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
Lot Size Source: Assessor Lot Size Units: Square Feet Other Structures: Shed Patio And Porch Features: Screened Pool Features: In Ground, Filtered Property Condition: Very Good
201 Water Street, Gaithersburg, Maryland 20877
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Basement, Foyer, Sun/ Florida Room, Laundry, Other, Bathroom 2, Primary Bathroom, Half Bath, Screened Porch
Special Listing Conditions: Standard
Virtual Tour: View
Senior Community Yn: false Sewer: Public Sewer
Window Features: Bay/Bow, Sliding
Structure Type: Detached
Zoning: R90
Tax Lot: 5
Driveway Spaces: 4
Water Source: Public
Tax Year: 2022 Total Garage And Parking Spaces: 5
Remarks Open Saturday 1-4pm! Sun Olled four level split with Ove bedrooms, two and a half baths and over 2900 square feet in Brighton East! Great indoor and outdoor spaces for everyday living and entertaining! This home features sliders to a threeseason sunroom, multi-function screen porch/carport and fenced yard with an inground pool! Updated kitchen with granite counter tops and stainless-steel appliances. The eat-in kitchen features a large bay window, pantry and side door to a screen porch which can also be used as a carport! Gracious living room and formal dining room with slider to the three-season sunroom. Three season sunroom features a ceiling fan, sliding glass doors with screens to fabulous yard with inground pool, shed, patio and green space for hours of enjoyment. Hardwoods in foyer, stairs and upper-level hallway. Upper level features four generous size bedrooms and 2 updated full baths. The lovely owners suite has a walk-in closet, updated ceramic tile bath and ceiling fan. Large hall linen closet and attic access complete the upper level. Lower level boasts a family room with wood burning stove, Ofth bedroom, powder room, laundry/storage room with door to the side yard complete this level. Basement awaits your imagination huge open space! Convenient location, close to parks, shopping, and restaurants! Ideal location for private or public transportation, - near commuter routes 270/370/200, buses, Metro and MARC train! Updates and improvements include: New pool Olter2022 (in process, will be complete and working prior to closing), Landscaping2022, New ceiling fan in the screen porch/carport2022, Fresh paint throughout2022, Hardwood Poors/steps reOnished2022, Carpets shampooed2022, Roof replaced2019, Kitchen updated 2009, Windows in Kitchen replaced2009, 3 Season room addition2009.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
209 W Deer Park Rd
201 Water Street, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
$545,000 CLOSED
5/27/22
5 Beds 3.00 Baths Year Built 1974
MLS #MDMC2048706 2,292 Sq. Ft. ($238 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
303 Buttry Rd $505,000 CLOSED
MLS #MDMC2041052
Gaithersburg, MD 20877
4 Beds 3.00 Baths Year Built 1988
4/26/22
1,682 Sq. Ft. ($300 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 3.0 Acres: 0.33
Updated: Apr 26, 2022 11:20 AM
County: MONTGOMERY
Lot Size (sqft): 14,565
List Price: $459,900
Subdivision: NONE AVAILABLE
List date: 3/12/22
Orig list price: $459,900
Off-market date: 4/26/22
Taxes: $4,667
Basement: English, Daylight, Full, Improved, Outside Entrance, Partially Finished, Rear Entrance, Space For Rooms, Sump Pump, Walkout Stairs
Cooling: Ceiling Fan(s), Central A/C
Below Grade Finished Area: 450
Flooring: Engineered Wood, Carpet, Tile/Brick
Below Grade Finished Area Source: Estimated
Foundation Details: Concrete Perimeter
Below Grade Finished Area Units: Square Feet
Heating: Heat Pump(s)
Lot Size Units: Square Feet
Heating Fuel: Electric
Main Level Bedrooms: 3
Construction Materials: Aluminum Siding
Hot Water: Electric
Patio And Porch Features: Deck(s)
Style: ["Split Foyer"]
School District: MONTGOMERY 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, Exhaust Fan, Oven - Self Cleaning, Oven/ Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Cooling Fuel: Electric Exterior Features: Sidewalks, Street Lights
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Recessed Lighting, Upgraded Countertops Levels: 2 Living Area Source: Estimated Lot Size Source: Assessor
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
Pets Allowed: No Pet Restrictions Property Condition: Very Good
201 Water Street, Gaithersburg, Maryland 20877
Roof: Composite
Sewer: Public Sewer
Virtual Tour: View
Special Listing Conditions: Standard
Structure Type: Detached
Water Source: Public
Tax Lot: 22
Zoning: R90
Senior Community Yn: false
Tax Year: 2022
Remarks Wonderful home with so much to offer. Just bring your furniture. The home has fresh paint throughout, new plank Pooring, tile and new carpet. The main level offers three bedrooms with 2 full baths (updated) Dining room has crown molding, chair rail and picture molding. Kitchen has granite countertops with SS appliances and breakfast bar. Basement level has full bedroom (legal) with large sitting area and full bathroom. Additional unOnished space in basement offers large storage and possibility of family room or oQce or additional bedroom. Basement has rear walk up entrance to large backyard. The home has new lighting, new LR window, front door and SGD to deck. Yard backs up to park and is partially fenced. NO HOA
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
303 Buttry Rd
201 Water Street, Gaithersburg, Maryland 20877
$505,000 CLOSED
MLS #MDMC2041052
Gaithersburg, MD 20877
4/26/22
4 Beds 3.00 Baths Year Built 1988
1,682 Sq. Ft. ($300 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
43 Harmony Hall Rd
Gaithersburg, MD 20877
$529,000 ACTIVE
4 Beds 2.00 Baths Year Built 1966
7/2/22
MLS #MDMC2052762 1,000 Sq. Ft. ($529 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Acres: 0.12
Orig list price: $529,000
Middle: FOREST OAK
Lot Size (sqft): 5,127
Taxes: $3,206
Elementary: ROSEMONT
County: MONTGOMERY
List date: 7/2/22
Subdivision: BROWNS Style: ["Ranch/Rambler"]
Updated: Jul 4, 2022 3:28 AM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Full baths: 2.0
List Price: $529,000
High: GAITHERSBURG
Above Grade Finished Area Source: Estimated
Flooring: Ceramic Tile, Hardwood, Laminated
Living Area Source: Estimated
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Foundation Details: Concrete Perimeter
Lot Size Source: Estimated
Tax Lot: 15
Lot Size Units: Square Feet
Accessibility Features: None
Heating: Programmable Thermostat
Tax Year: 2012
Main Level Bedrooms: 3
Water Source: Public
Parking Features: Paved Driveway
Year Built Effective: 2022
Features
Basement: Connecting Stairway, Fully Finished, Rear Entrance Construction Materials: Combination, Brick
Heating Fuel: Electric Hot Water: 60+ Gallon Tank
Cooling: Central A/C
Interior Features: Combination Dining/Living, Floor Plan - Traditional
Cooling Fuel: Electric
Levels: 2
Property Condition: Very Good
Structure Type: Detached
Zoning: R90
Special Listing Conditions: Standard Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Remarks Pardon the Clutter and see thru to the beauty of it. Seller is packing and moving. Wonderful home that has been lovingly maintained! Hardwood all Orst Poor. Tiles in the kitchen. Granite Counter tops. Directly across the street from the park w/ playground and so close to the Marc train, Bohrer Park, and Olde town Gaithersburg! Freshly painted w/ neutral colors. No HOA! Sells in "as-is" condition but with AHS Warranty. Inspection contingency is welcome with yes or no decision.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
43 Harmony Hall Rd
201 Water Street, Gaithersburg, Maryland 20877 Gaithersburg, MD 20877
$529,000 ACTIVE
7/2/22
4 Beds 2.00 Baths Year Built 1966
MLS #MDMC2052762 1,000 Sq. Ft. ($529 / sqft) Days on market: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
201 Water Street, Gaithersburg, Maryland 20877
Comparable Property Statistics S
4 Sold Listings LOWEST
$470,000
A
AVERAGE
$507,500
HIGH
$545,000
AVG PRICE / SQFT
AVG DOM
$283
6
AVG PRICE / SQFT
AVG DOM
$529
3
1 Active Listings LOWEST
$529,000
AVERAGE
$529,000
HIGH
$529,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19