______
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Flexed Realty Group LLC JULY 27, 2021
Juan C Granados The Agency DC Metro
Juan C Granados A Former Licensed Contractor and Active Investor with Numerous Years of Experience in Flipping Homes, I have taken My Expertise to the other side of the Real Estate Market; Sales. I will be honored to share my extensive knowledge in The Real Estate Market to get you the best possible edge you need when it comes to the Excitement of Purchasing or Listing your Home! Professional Credentials: -District of Columbia Real Estate License -Maryland Real Estate License -Virginia Real Estate License -Member of National Association of Realtors -Member of Maryland Association of Realtors -Member of Greater Capitol Area Association of Realtors Professional Experience: -Active Real Estate Investments -Investment Production Management -High Volume Real Estate Listing Dept. Management -Former Licensed Maryland Home Improvement Contractor -Former Licensed Locksmith
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
2
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
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 Qelds 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.
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
3
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
BEDS
BATHS
SQFT
PRICE
12720 Epping Ter
3
2.50
1,300
-
1
Subject
2
MDMC741254
S
2723 Atlanta Dr #5
3
2.0/1.0
1,392
$299,000
3
MDMC747758
S
3306 Claridge Ct
3
1.0/1.0
1,306
$310,000
4
MDMC733668
S
12725 Epping Ter #6 A
3
2.0/0
1,448
$295,000
5
MDMC757154
S
3349 Claridge Ct
3
1.0/1.0
1,306
$310,000
6
MDMC2000120
S
3341 Claridge Ct
3
1.0/1.0
1,434
$298,000
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
4
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
2/2/21
3
2.0/1.0
1,392
$299,000
$215
3/11/21
3
1.0/1.0
1,306
$310,000
$237
12725 Epping Ter #6 A
2/2/21
3
2.0/0
1,448
$295,000
$204
3349 Claridge Ct
6/9/21
3
1.0/1.0
1,306
$310,000
$237
3341 Claridge Ct
4/5/21
3
1.0/1.0
1,434
$298,000
$208
1,377
$302,400
$220
2723 Atlanta Dr #5 3306 Claridge Ct
Averages
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
5
Listings
Juan C Granados The Agency DC Metro
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
2723 Atlanta Dr #5
Silver Spring, MD 20906
$299,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1969
2/2/21
MLS #MDMC741254 1,392 Sq. Ft. ($215 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 2/2/21
Taxes: $3,224
Half baths: 1.0
County: MONTGOMERY
Acres: 0.07
Updated: Feb 2, 2021 10:21 AM
Subdivision: WINDSOR SQUARE
Lot Size: 3,049
List Price: $314,900
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
List date: 1/20/21
Orig list price: $314,900
Association Fee Includes: Common Area Maintenance, Management, Parking Fee, Snow Removal, Water, Ext Bldg Maint
Construction Materials: Brick
Style: ["Traditional"]
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Association Fee 2: 535 Association Fee 2 Frequency: Monthly
Lot Size Units: Square Feet
Cooling: Central A/C
Special Listing Conditions: Standard
Cooling Fuel: Electric
Senior Community Yn: false
Basement: Fully Finished
Heating: Forced Air
Sewer: Public Sewer
Below Grade Finished Area: 500
Heating Fuel: Natural Gas Hot Water: Natural Gas
Structure Type: Interior Row/ Townhouse
Below Grade Finished Area Source: Estimated
Levels: 3
Tax Year: 2020
Living Area Source: Estimated
Water Source: Public
Below Grade Finished Area Units: Square Feet
Zoning: RT
Lot Size Source: Estimated
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
7
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Remarks OPEN HOUSE SUNDAY 1/24 1-4 PM - OBSERVE COVID RESTRICTIONS. Recently completed updates in this 3 bedroom, 2.5 bath townhome (condo managed) that is located in a private, tucked away neighborhood with direct access to Georgia Ave. This home offers a newly updated kitchen with granite counters, new white cabinets, stainless steel appliances and new vinyl Rooring. The living room and dining room are great open spaces with well maintained parquet wood Roors and lend to the great Row on the main Roor. New slider doors in the kitchen and dining room lead to a private backyard with a patio and grass area partially fenced. The upstairs level offers 3 nicely sized bedrooms with an updated hall bath and master bath both with luxurious and tasteful Qnishes. The master bedroom offers a large closet/dressing area as well as another closet. The basement was recently Qnished to offer more living space with new vinyl Rooring and recessed lighting and separate laundry room. Condo fee includes gas, water, lawn maintenance, trash, snow removal, and certain exterior maintenance including roof repairs and replacements. Location is great, you can walk to Metro with quick access to shopping, food, and Route 200. Move in ready.
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
8
Comparative Market Analysis
2723 Atlanta Dr #5 $299,000 CLOSED
2/2/21
12720 Epping Terrace, Silver Spring, Maryland 20906 Silver Spring, MD 20906
3 Beds 2.0/1.0 Baths Year Built 1969
MLS #MDMC741254 1,392 Sq. Ft. ($215 / sqft) Days on market: 6
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
9
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
3306 Claridge Ct $310,000 CLOSED
MLS #MDMC747758
Silver Spring, MD 20902
3 Beds 1.0/1.0 Baths
1,306 Sq. Ft. ($237 / sqft)
Year Built 1967
3/11/21
Days on market: 0
Photo not available
Details Prop Type: Single Family Residence
Full baths: 1.0
Off-market date: 3/11/21
Taxes: $2,480
Half baths: 1.0
County: MONTGOMERY
Acres: 0.03
Updated: Mar 30, 2021 6:23 AM
Subdivision: MONTCLAIR MANOR
Lot Size: 1,260
List Price: $320,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
List date: 3/11/21
Orig list price: $320,000
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Hot Water: Electric
Senior Community Yn: false
Below Grade Finished Area Units: Square Feet
Interior Features: Attic/ House Fan
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet Accessibility Features: None
Construction Materials: Brick
Living Area Source: Assessor
Tax Lot: 27
Cooling: Central A/C
Lot Size Source: Assessor
Association Fee 2: 345
Cooling Fuel: Electric
Water Source: Public
Lot Size Units: Square Feet
Association Fee 2 Frequency: Monthly
Heating: Forced Air
Zoning: RT12.
Special Listing Conditions: Standard
Style: ["Colonial"]
Features
Appliances: Built-In Microwave
Heating Fuel: Natural Gas
Levels: 2
Structure Type: End of Row/ Townhouse Tax Year: 2020
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
10
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Remarks No Description for this property.
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
11
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
12725 Epping Ter #6 A
Silver Spring, MD 20906
$295,000 CLOSED
3 Beds 2.0/0 Baths Year Built 1966
2/2/21
MLS #MDMC733668 1,448 Sq. Ft. ($204 / sqft) Days on market: 29
Details Prop Type: Single Family Residence
Style: ["Other"]
Off-market date: 2/2/21
Orig list price: $315,000
Full baths: 2.0 Lot Size:
Updated: Apr 6, 2021 7:33 PM
Taxes: $3,117
County: MONTGOMERY
List date: 11/27/20
List Price: $315,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Fee Includes: Common Area Maintenance, Heat, Ext Bldg Maint, Lawn Care Front, Snow Removal, Trash
Construction Materials: Brick
Parking Features: Assigned, Parking Space Conveys
Cooling: Ceiling Fan(s), Central A/C
Pets Allowed: No Pet Restrictions
Cooling Fuel: Electric
Subdivision: GLENMONT HEIGHTS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Microwave Association Amenities: None Association Fee 2: 468 Association Fee 2 Frequency: Monthly
Basement: Full, Heated
Heating Fuel: Electric
Below Grade Finished Area Source: Assessor
Hot Water: Electric Levels: 3
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Basement, Bedroom 1, Laundry, Bathroom 2, Bathroom 3, Half Bath
Below Grade Finished Area Units: Square Feet
Living Area Source: Assessor
Special Listing Conditions: Standard
Building Name : GLENMONT HEIGHTS
Lot Features: Rear Yard, Corner
Senior Community Yn: false
Association Name 2: IKO Real Estate
Heating: Baseboard - Electric
Sewer: Public Sewer
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
12
Comparative Market Analysis
Structure Type: End of Row/ Townhouse
12720 Epping Terrace, Silver Spring, Maryland 20906
Virtual Tour: View
Zoning: RT
Water Source: Public
Tax Year: 2020
Remarks Sellers are offering $5,000 in closing concessions for contract ratiQed by January 6th! There is also HOLIDAY BONUS of TWO FREE MONTHS of condo fees for a contract ratiQed by January 6th. Ask your agent for more details! Nervous buyers lost out but it's YOUR GAIN! Looking for a move-in ready end of unit condo townhouse at an affordable price? This is it! Three bedrooms, 2 full baths, 2 half baths, oak hardwood Roors, new hot water heater and new HVAC! Kitchen boasts new microwave and dishwasher. The home has plenty of room for storage! The backyard is one of the biggest in the complex. The Qnished basement makes it over 1,800 square feet of living space! Three block walk to the Glenmont metro. Close to Target and Costco! The reasonable condo fee covers rooQng, gutters, fencing, heat, trash, snow removal, exterior maintenance and lawn care in the front of your home. Great value for your money -- don't miss out!
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
13
Comparative Market Analysis
12725 Epping Ter #6 A $295,000 CLOSED
2/2/21
12720 Epping Terrace, Silver Spring, Maryland 20906 Silver Spring, MD 20906
3 Beds 2.0/0 Baths Year Built 1966
MLS #MDMC733668 1,448 Sq. Ft. ($204 / sqft) Days on market: 29
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
14
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
3349 Claridge Ct $310,000 CLOSED
MLS #MDMC757154
Wheaton, MD 20902
3 Beds 1.0/1.0 Baths Year Built 1967
6/9/21
1,306 Sq. Ft. ($237 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 1.0
Off-market date: 6/10/21
Assoc Fee: $345
Half baths: 1.0 Acres: 0.03
Updated: Jun 10, 2021 3:25 PM
Taxes: $2,483
County: MONTGOMERY
Lot Size: 1,262
List Price: $289,000
List date: 5/13/21
Orig list price: $289,000
Association Fee Includes: Common Area Maintenance, Water, Sewer, Gas, Heat, Ext Bldg Maint, Insurance, Lawn Maintenance, Parking Fee, Snow Removal, Trash
Cooling: Central A/C
Association Name: MONTCLAIR MANOR
Subdivision: MONTCLAIR MANOR Style: ["Traditional"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Dishwasher, Disposal, Dryer, Oven/Range Gas, Refrigerator, Stainless Steel Appliances, Washer Association Amenities: None Association Fee Frequency: Monthly
Cooling Fuel: Electric
Living Area Source: Assessor
Exterior Features: Sidewalks
Lot Size Source: Estimated
Heating: Forced Air
Lot Size Units: Square Feet
Heating Fuel: Natural Gas
Other Structures: Shed
Hot Water: Electric
Parking Features: Assigned, Unassigned
Below Grade Finished Area Source: Assessor
Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Tub Shower
Below Grade Finished Area Units: Square Feet
Laundry Type: Main Floor
Construction Materials: Brick
Levels: 2
Patio And Porch Features: Deck(s) Pets Allowed: No Pet Restrictions Property Condition: Excellent
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
15
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Room Type: Living Room, Bedroom 2, Bedroom 3, Kitchen, Foyer, Bedroom 1, Other, Bathroom 1, Half Bath
Security Features: Carbon Monoxide Detector(s), Smoke Detector
Structure Type: End of Row/ Townhouse
Water Source: Public
Tax Lot: 20
Senior Community Yn: false
Special Listing Conditions: Standard
Tax Year: 2021
Assigned Parking Space Number(S): 88
Sewer: Public Sewer
Virtual Tour: View
Zoning: RT12.
Remarks Welcome to this beautifully updated spacious end unit townhouse in wonderfully convenient Montclair Manor! Three bedrooms, one full bathroom, and one-half bathroom! Enter into the foyer leading to the dining area, kitchen, half bathroom, and living room. The main level boasts brand new Roors and is freshly painted! The kitchen has brand new stainless steel appliances, a new faucet, new disposal, new Rooring, and fresh paint! The washer and dryer are on the main level. The open light-Qlled living room has two sliding doors that lead to a spacious deck perfect for entertaining! There you will Qnd a built-in bench and large storage shed. The upper level boasts a large primary bedroom with three closets, bedroom two, bedroom three with built-ins, and a full bathroom! The bedrooms all have new carpet and new ceiling fans! The upper level has been freshly painted, and the hall and closet hardwood Rooring has been reQnished! The monthly HOA fee includes water, gas, heat, and more! Assigned parking space! Close to metro, and shopping! So many updates and ready for you to move in and enjoy! Welcome home!
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
16
Comparative Market Analysis
3349 Claridge Ct $310,000 CLOSED
6/9/21
12720 Epping Terrace, Silver Spring, Maryland 20906
MLS #MDMC757154
Wheaton, MD 20902
3 Beds 1.0/1.0 Baths Year Built 1967
1,306 Sq. Ft. ($237 / sqft) Days on market: 6
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
17
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
3341 Claridge Ct $298,000 CLOSED
MLS #MDMC2000120
Silver Spring, MD 20902
3 Beds 1.0/1.0 Baths Year Built 1967
4/5/21
1,434 Sq. Ft. ($208 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.03
Updated: Apr 6, 2021 2:19 PM
County: MONTGOMERY
Lot Size: 1,140
List Price: $315,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: MONTCLAIR MANOR
List date: 3/2/21
Orig list price: $294,900
High: ALBERT EINSTEIN
Off-market date: 4/6/21
Assoc Fee: $345
Middle: NEWPORT MILL
Taxes: $2,560
Elementary: HIGHLAND
Association Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Management, Parking Fee, Sewer, Snow Removal, Trash, Water, Insurance, Reserve Funds, Road Maintenance
Below Grade Finished Area Units: Square Feet Construction Materials: Aluminum Siding
Interior Features: Carpet, Ceiling Fan(s), Dining Area, Wood Floors, Upgraded Countertops
Cooling: Central A/C
Levels: 2
Cooling Fuel: Electric
Living Area Source: Assessor
Association Name: ALLIED REALTY CORP
Heating: Forced Air
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Lot Features: Corner, Cleared, Landscaping, Rear Yard
Hot Water: Natural Gas
Lot Size Source: Assessor
Style: ["Traditional"] Full baths: 1.0
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 Gas, Range Hood, Refrigerator, Stove, Washer Association Fee Frequency: Monthly
Fencing: Fully, Rear
Lot Size Units: Square Feet
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
18
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Other Structures: Shed
Property Condition: Excellent
Parking Features: Assigned
Special Listing Conditions: Standard
Patio And Porch Features: Patio(s) Pets Allowed: No Pet Restrictions
Structure Type: End of Row/ Townhouse
Water Source: Public
Tax Lot: 16
Assigned Parking Space Number(S): 92
Senior Community Yn: false
Tax Year: 2021
Sewer: Public Sewer
View: Garden/Lawn
Zoning: RT12.
Remarks WELCOME TO THIS GEORGEOUS AND SPACIOUS END UNIT TOWNHOUSE IN GREAT LOCATION!!! Offers to: lac0930@hotmail.com & questions: 301-641-3913. This updated townhouse features remodeled bathrooms, new kitchen appliances, new roof, new carpet, new washer/dryer, freshly painted, new shed. Hardwood Roors on living and dining room. Kitchen with granite countertop and ceramic Rooring. Large backyard with a patio ready for your family gatherings. HOA fee includes: GAS, HEATING, WATER, Parking, Lawn Care, Snow Removal, Trash Removal, Management. Conveniently located close to schools, walking distance to public transportation, shopping centers, major commuter roads, Metro... Disclosures online. SHOWING TIMES: MON-FRI 12-9PM & SAT-SUN 9AM-9PM. Won't last!
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
19
Comparative Market Analysis
3341 Claridge Ct $298,000 CLOSED
4/5/21
12720 Epping Terrace, Silver Spring, Maryland 20906
MLS #MDMC2000120
Silver Spring, MD 20902
3 Beds 1.0/1.0 Baths Year Built 1967
1,434 Sq. Ft. ($208 / sqft) Days on market: 7
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
20
Analysis
Juan C Granados The Agency DC Metro
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Comparable Property Statistics S
5 Sold Listings LOWEST
$295,000
AVERAGE
$302,400
HIGH
$310,000
AVG PRICE / SQFT
AVG DOM
$220
12
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
22
Comparative Market Analysis
12720 Epping Terrace, Silver Spring, Maryland 20906
Sold Property Analysis Averages
97.3%
Homes sold for an average of 97.3% of their list price.
12
Days on market
It took an average of 12 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
2723 Atlanta Dr #5
$314,900
$299,000
94.95%
6
$215
3306 Claridge Ct
$320,000
$310,000
96.88%
-
$237
12725 Epping Ter #6 A
$315,000
$295,000
93.65%
29
$204
3349 Claridge Ct
$289,000
$310,000
107.27%
6
$237
3341 Claridge Ct
$294,900
$298,000
101.05%
7
$208
$306,760
$302,400
98.58%
12
$220
Averages
Juan C Granados The Agency DC Metro Cell: 2403673520 Juan@AlexGroupRE.com
23