Listing
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The Agency D.C. Metro Alex Martinez
Managing Partner, D.C. Metro ______
Cell: (240) 258.2668 Direct: (240) 292.6237 Office: (202) 888.1127 ext. 302 Alex.M@TheAgencyRE.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Sarah Villalobo JUNE 8, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
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 fields 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
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
2000 Sandy Point Rd
2
1.00
899
-
1
Subject
2
MDCH218424
S
2435 Lamp Post Pl
5
2.0/0
2,800
$265,125
3
MDCH219550
S
8275 Jacksontown Rd
3
2.0/0
1,272
$273,000
4
MDCH223164
A
8250 Jacksontown Rd
2
1.0/0
980
$200,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
2435 Lamp Post Pl
11/30/20
5
2.0/0
2,800
$265,125
$95
3/12/21
3
2.0/0
1,272
$273,000
$215
2,036
$269,063
$155
8275 Jacksontown Rd
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
2
1.0/0
980
$200,900
$205
980
$200,900
$205
8250 Jacksontown Rd
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
2000 Sandy Point Road, Indian Head, Maryland 20640
2435 Lamp Post Pl
Indian Head, MD 20640
$265,125 CLOSED
5 Beds 2.0/0 Baths Year Built 1993
11/30/20
MLS #MDCH218424 2,800 Sq. Ft. ($95 / sqft) Days on market: 13
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 12/1/20
Taxes: $4,432
Acres: 3.07
County: CHARLES
Lot Size: 133,729
Updated: Dec 1, 2020 9:14 AM
School District: CHARLES COUNTY PUBLIC SCHOOLS
Subdivision: NONE AVAILABLE
Garages: 2
List Price: $275,000
List date: 10/13/20
Orig list price: $275,000
Above Grade Finished Area Source: Assessor
Construction Materials: Vinyl Siding
Lot Size Source: Assessor
Structure Type: Detached
Lot Size Units: Square Feet
Tax Lot: 4
Above Grade Finished Area Units: Square Feet
Cooling: Central A/C
Main Level Bedrooms: 5
Tax Year: 2020
Cooling Fuel: Electric
Accessibility Features: Ramp - Main Level
Heating: Heat Pump(s)
# Of Attached Garage Spaces: 2
Total Garage And Parking Spaces: 2
Below Grade Finished Area Source: Assessor
Water Source: Well
Hot Water: None
Special Listing Conditions: REO (Real Estate Owned)
Levels: 1
Senior Community Yn: false
Living Area Source: Assessor
Sewer: Private/Community Septic Tank
Style: ["Ranch/Rambler"]
Features
Below Grade Finished Area Units: Square Feet
Heating Fuel: Electric
Zoning: AC
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Remarks Do you have a large family and need a lot of space. Or just want a spacious home. This 5 bedroom, 2 bath rambler with huge family room and 2 car garage could be just what you are looking for. Home is situated on 3+ acres which affords lots of room for play and entertaining. Easy commute to navy base in Indian Head or up Indian Head Hwy. to National Harbor.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2435 Lamp Post Pl
2000 Sandy Point Road, Indian Head, Maryland 20640 Indian Head, MD 20640
$265,125 CLOSED
11/30/20
5 Beds 2.0/0 Baths Year Built 1993
MLS #MDCH218424 2,800 Sq. Ft. ($95 / sqft) Days on market: 13
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
8275 Jacksontown Rd
Nanjemoy, MD 20662
$273,000 CLOSED
3 Beds 2.0/0 Baths Year Built 1965
3/12/21
MLS #MDCH219550 1,272 Sq. Ft. ($215 / sqft) Days on market: 51
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 3/12/21
Taxes: $2,326
Acres: 2.0
County: CHARLES
Lot Size: 87,120
Updated: Mar 12, 2021 2:24 AM
School District: CHARLES COUNTY PUBLIC SCHOOLS
Subdivision: NONE AVAILABLE
Garages: 2
List Price: $285,000
List date: 12/4/20
Orig list price: $285,000
Above Grade Finished Area Source: Assessor
Construction Materials: Block, Vinyl Siding
Heating Fuel: Oil
Lot Size Source: Assessor
Hot Water: Electric
Lot Size Units: Square Feet
Above Grade Finished Area Units: Square Feet
Cooling: Ceiling Fan(s), Central A/C
Inclusions: Above ground oil tank
Main Level Bedrooms: 3
Accessibility Features: None
Cooling Fuel: Electric
Appliances: Built-In Microwave, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer
Exterior Features: Outbuilding(s), Play Area
Interior Features: Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Wood Stove
Style: ["Ranch/Rambler"]
Features
Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet
Fencing: Rear Flooring: Partially Carpeted Foundation Details: Crawl Space Heating: 90% Forced Air, Wood Burn Stove
Laundry Type: Has Laundry Levels: 1 Living Area Source: Assessor
# Of Detached Garage Spaces: 2 Other Structures: Garage(s) Parking Features: Circular Driveway Property Condition: Very Good Special Listing Conditions: Standard Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Sewer: Septic < # of BR
Tax Lot: 3
Structure Type: Detached
Tax Year: 2021
Total Garage And Parking Spaces: 2
Water Source: Well Zoning: AC
Virtual Tour: View
Remarks Rambler with some new upgrades & replacements, 3 bdrm 2. bath, nice detached garage/workshop, rear porch, fenced yard, new roof & more! Great lot backing to woods, large paved drive along with circular drive so plenty of parking, hardwood flooring, finished 3 season rear porch, solid hickory new kitchen cabinets , stainless appliances, solid surface counters, Sold AS IS at this price 2 Acres No Covenants
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
8275 Jacksontown Rd $273,000 CLOSED
3/12/21
2000 Sandy Point Road, Indian Head, Maryland 20640 Nanjemoy, MD 20662
3 Beds 2.0/0 Baths Year Built 1965
MLS #MDCH219550 1,272 Sq. Ft. ($215 / sqft) Days on market: 51
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
8250 Jacksontown Rd $200,900 ACTIVE
Nanjemoy, MD 20662
2 Beds 1.0/0 Baths Year Built 1982
3/30/21
MLS #MDCH223164 980 Sq. Ft. ($205 / sqft) Days on market: 66
Details Prop Type: Single Family Residence
Style: ["Other"]
List date: 3/30/21
Orig list price: $200,900
Full baths: 1.0 Acres: 5.06
Updated: Jun 3, 2021 12:22 AM
Taxes: $1,871
County: CHARLES
Lot Size: 220,414
List Price: $200,900
Above Grade Finished Area Source: Assessor
Construction Materials: Aluminum Siding
Lot Size Source: Assessor Lot Size Units: Square Feet
Sewer: Private/Community Septic Tank, On Site Septic
Above Grade Finished Area Units: Square Feet
Cooling: Central A/C
Main Level Bedrooms: 2
Structure Type: Other
Cooling Fuel: Electric, Bottled Gas
Other Structures: Barn/Farm Building, Barn, Garage(s)
Tax Year: 2021
Appliances: Oven/Range Gas
Heating: Heat Pump(s)
Property Condition: Good, Average
Virtual Tour: View
Below Grade Finished Area Source: Assessor
Hot Water: Electric
Special Listing Conditions: Standard
Zoning: AC
Subdivision: NONE AVAILABLE
School District: CHARLES COUNTY PUBLIC SCHOOLS
Features
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Heating Fuel: Electric Levels: 1 Living Area Source: Assessor
Utilities: Propane Water Source: Well
Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Remarks If you are looking for privacy check out this nice 5 acre lot with mobile home, large barn and a block garage. You could remove the mobile home and build a home, well, septic, electric and road already in and that is a huge savings if you choose to do so. Mobile home has newer skirting around. Buyer would have to be cash or go through Farm Credit for financing.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
8250 Jacksontown Rd $200,900 ACTIVE
3/30/21
2000 Sandy Point Road, Indian Head, Maryland 20640 Nanjemoy, MD 20662
2 Beds 1.0/0 Baths Year Built 1982
MLS #MDCH223164 980 Sq. Ft. ($205 / sqft) Days on market: 66
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Comparable Property Statistics S
2 Sold Listings LOWEST
$265,125
A
AVERAGE
$269,063
HIGH
$273,000
AVG PRICE / SQFT
AVG DOM
$155
32
AVG PRICE / SQFT
AVG DOM
$205
66
1 Active Listings LOWEST
$200,900
AVERAGE
$200,900
HIGH
$200,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
Sold Property Analysis Averages
96.1%
Homes sold for an average of 96.1% of their list price.
32
Days on market
It took an average of 32 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
2435 Lamp Post Pl
$275,000
$265,125
96.41%
13
$95
8275 Jacksontown Rd
$285,000
$273,000
95.79%
51
$215
$280,000
$269,063
96.09%
32
$155
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
2000 Sandy Point Road, Indian Head, Maryland 20640
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 finishes Features such as outdoor kitchens and spa baths make a home more luxurious. A home finished with hardwood floors 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 flowers 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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