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Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Luis Turcios SEPTEMBER 22, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
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
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Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = PENDING
BEDS
BATHS
SQFT
PRICE
12205 Pheasant Run Dr
3
1.00
1,260
-
1
Subject
2
MDPG594042
S
9933 Boise Rd
3
2.0/1.0
1,540
$273,900
3
MDPG584868
S
9932 Mallard Dr
3
1.0/1.0
1,260
$269,500
4
MDPG592298
S
12139 Dove Cir
3
2.0/1.0
1,522
$280,000
5
MDPG2007226
P
12213 Pheasant Run Dr
3
2.0/1.0
1,522
$284,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
3/26/21
3
2.0/1.0
1,540
$273,900
$178
9932 Mallard Dr
12/31/20
3
1.0/1.0
1,260
$269,500
$214
12139 Dove Cir
2/26/21
3
2.0/1.0
1,522
$280,000
$184
1,440
$274,467
$192
9933 Boise Rd
Averages
P
PENDING LISTINGS
ADDRESS
12213 Pheasant Run Dr
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
9/20/21
3
2.0/1.0
1,522
$284,900
$187
1,522
$284,900
$187
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
12205 Pheasant Run Drive, Laurel, Maryland 20708
9933 Boise Rd $273,900 CLOSED
MLS #MDPG594042
Laurel, MD 20708
3 Beds 2.0/1.0 Baths Year Built 1971
3/26/21
1,540 Sq. Ft. ($178 / sqft) Days on market: 35
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Mar 26, 2021 6:30 AM
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
County: PRINCE GEORGES
Acres: 0.05
List Price: $273,900
Subdivision: PHEASANT RUN
Lot Size: 2,013
Orig list price: $273,900
List date: 1/16/21
Assoc Fee: $250
Style: ["Colonial", "Side-bySide"]
Off-market date: 3/26/21
Taxes: $3,317
Above Grade Finished Area Source: Assessor
Association Name: TIDEWATER MANAGEMENT
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Exterior Features: Secure Storage, Sidewalks, Exterior Lighting Heating: Forced Air
Lot Size Units: Square Feet
Accessibility Features: Level Entry - Main
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas
Other Structures: Shed
Hot Water: Natural Gas
Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer
Construction Materials: Other
Interior Features: Breakfast Area, Carpet, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room
Patio And Porch Features: Brick, Patio(s)
Features
Association Fee Frequency: Quarterly
Cooling: Central A/C Cooling Fuel: Electric
Levels: 2
Lot Size Source: Assessor
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
12205 Pheasant Run Drive, Laurel, Maryland 20708
Sewer: Public Septic
Tax Lot: 7
Water Source: Public
Structure Type: Interior Row/ Townhouse
Tax Year: 2020
Zoning: RT
Remarks Very well maintained move in condition, 3 bedroom 2 & 1/2 bathroom townhouse. Master suite has a full bath and a nice sitting room for relaxing. Spacious living room with a seperate dining room. Sliding glass door from the dining area leads to a fenced back yard with a brick patio and an exterior utility room with plenty of storage. Conveniently located for easy metro accesss and near by shops, dining and entertainment. Shows well.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
9933 Boise Rd
12205 Pheasant Run Drive, Laurel, Maryland 20708
$273,900 CLOSED
MLS #MDPG594042
Laurel, MD 20708
3/26/21
3 Beds 2.0/1.0 Baths Year Built 1971
1,540 Sq. Ft. ($178 / sqft) Days on market: 35
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
9932 Mallard Dr $269,500 CLOSED
MLS #MDPG584868
Laurel, MD 20708
3 Beds 1.0/1.0 Baths Year Built 1971
12/31/20
1,260 Sq. Ft. ($214 / sqft) Days on market: 20
Details Prop Type: Single Family Residence
Full baths: 1.0
Off-market date: 1/1/21
Assoc Fee: $86
Half baths: 1.0 Acres: 0.05
Updated: Apr 6, 2021 4:21 PM
Taxes: $3,421
County: PRINCE GEORGES
Lot Size: 2,013
List Price: $263,500
List date: 10/19/20
Orig list price: $263,500
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Association Name: TIDEWATER PROPERTY MANAGEMENT
Fencing: Rear
Levels: 2
Flooring: Ceramic Tile, Laminated
Living Area Source: Assessor
Below Grade Finished Area Source: Assessor
Heating: Forced Air
Lot Features: Front Yard, Level, Rear Yard
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven/Range Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas Hot Water: Natural Gas
Lot Size Source: Assessor Lot Size Units: Square Feet
Association Fee Frequency: Monthly
Exterior Features: Exterior Lighting, Sidewalks
Interior Features: Floor Plan Open, Formal/Separate Dining Room, Wood Floors, Bar, Floor Plan - Traditional, Kitchen - Eat-In, Tub Shower, Upgraded Countertops
Subdivision: PHEASANT RUN Style: ["Colonial"]
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None
Construction Materials: Other Cooling: Central A/C Cooling Fuel: Electric
Laundry Type: Main Floor
Other Structures: Shed Parking Features: Paved Parking, Circular Driveway Pets Allowed: No Pet Restrictions
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Property Condition: Very Good
Senior Community Yn: false
Tax Lot: 133
Sewer: Public Sewer
Tax Year: 2019
Special Listing Conditions: Standard
Structure Type: Interior Row/ Townhouse
Water Source: Public
Zoning: RT
Remarks **COME, SEE & ENJOY THIS WELL MAINTAINED MOVE-IN CONDITION HOME. THIS OPEN FLOOR PLAN TOWNHOUSE OFFERS CARE FREE LIVING. MANY WONDERFUL FEATURES INCLUDING: BAY WINDOW ON THE MAIN LEVEL W/PLANT LEDGE, SPACIOUS LIVING ROOM, FORMAL SEPARATE DININGROOM, UPGRADED KITCHEN WITH STAINLESS STEEL APPLIANCES, ICE MAKER REFRIGERATOR, CERAMIC FLOOR, UPGRADE COUNTER TOP W/BAR SEATING AND LOTS OF CABINET SPACE. SLIDING GLASS DOOR OFF THE DININGROOM LEADS TO A FENCED -IN BRICKED PATIO. THERE IS ALSO AN UPGRADED POWDERROOM ON MAIN LEVEL WITH CERAMIC FLOORING AND A LAUNDRY ROOM W/FULL SIZED WASHER & DRYER. UPSTAIRS IS THE MASTER BEDROOM WITH 2 CLOSETS AND 2 ADDITIONAL BEDROOMS. THE FULL BATH HAS BEEN UPGRADED TO INCLUDE CERAMIC FLOORING AND IS CONNECTED TO THE MBR. SPARKLING LAMINATED WOOD FLOORING THROUGHOUT.. RECENT UPGRADES INCLUDES: ROOF-2018, FURNANCE, REFRIGERATOR, DISHWASHER, FLOORING & SELF CLEANING OVEN- 2014, HOT WATER TANK-2015, WASHER-2019, DRYER-2020, INTERIOR PAINTED-2020. HURRY, MOVE QUICKLY AND YOU CAN BE HOME FOR THE HOLIDAYS!!!***
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
9932 Mallard Dr
12205 Pheasant Run Drive, Laurel, Maryland 20708
$269,500 CLOSED
MLS #MDPG584868
Laurel, MD 20708
12/31/20
3 Beds 1.0/1.0 Baths Year Built 1971
1,260 Sq. Ft. ($214 / sqft) Days on market: 20
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
12139 Dove Cir $280,000 CLOSED
MLS #MDPG592298
Laurel, MD 20708
3 Beds 2.0/1.0 Baths Year Built 1971
2/26/21
1,522 Sq. Ft. ($184 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 2/28/21
Assoc Fee: $257
Half baths: 1.0 Acres: 0.05
Updated: Sep 13, 2021 7:10 PM
Taxes: $3,306
County: PRINCE GEORGES
Lot Size: 2,013
List Price: $285,000
List date: 1/15/21
Orig list price: $285,000
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Floor Plan Traditional
Accessibility Features: None
Construction Materials: Other
Subdivision: PHEASANT RUN Style: ["Colonial"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features
Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Icemaker, Refrigerator, Oven/ Range - Electric Association Fee Frequency: Quarterly
Levels: 2
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Breakfast Room Rooms Total: 6
Cooling: Central A/C
Living Area Source: Assessor
Cooling Fuel: Electric
Lot Size Source: Assessor
Special Listing Conditions: Standard
Fencing: Rear
Lot Size Units: Square Feet
Senior Community Yn: false
Heating: Forced Air
Sewer: Public Sewer
Heating Fuel: Natural Gas
Structure Type: Interior Row/ Townhouse
Hot Water: Natural Gas
Tax Lot: 80
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
Tax Year: 2020
12205 Pheasant Run Drive, Laurel, Maryland 20708
Water Source: Public
Zoning: RT
Remarks Great starter home, well maintained, in popular Pheasant Run. Three bedrooms & two and one half baths. Updated kitchen with new cabinets & granite countertops, new refrigerator & more. Large breakfast area or dining room. Remodeled bathrooms. Fresh paint & new carpeting. Fenced in rear yard with two sheds and a deck. Roof 2 yrs old. Close to I495, I95 and ICC for easy commuting in any direction! Nothing to do but move in! Don't miss this one.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
12213 Pheasant Run Dr
Laurel, MD 20708
$284,900 PENDING
3 Beds 2.0/1.0 Baths Year Built 1971
9/20/21
MLS #MDPG2007226 1,522 Sq. Ft. ($187 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 8/17/21
Assoc Fee: $258
Half baths: 1.0 Acres: 0.05
Updated: Sep 19, 2021 7:50 AM
Taxes: $3,764
County: PRINCE GEORGES
Lot Size: 2,013
List Price: $284,900
List date: 8/14/21
Orig list price: $284,900
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Exterior Features: Exterior Lighting, Sidewalks
Laundry Type: Main Floor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Fencing: Rear, Wood
Living Area Source: Assessor
Accessibility Features: None
Building Name : PHEASANT RUN HOA
Foundation Details: Slab
Construction Materials: Brick, Aluminum Siding
Furnished: No
Lot Features: Front Yard, Level, Rear Yard
Heating: Forced Air
Lot Size Source: Assessor
Cooling: Central A/C
Heating Fuel: Natural Gas
Lot Size Units: Square Feet
Cooling Fuel: Electric
Hot Water: Natural Gas
Door Features: Insulated, Storm, Six Panel, Sliding Glass
Interior Features: Attic, Breakfast Area, Dining Area, Primary Bath(s), Upgraded Countertops
Patio And Porch Features: Patio(s)
Subdivision: PHEASANT RUN Style: ["Traditional"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features
Appliances: Dishwasher, Disposal, Icemaker, Microwave, Oven/Range Electric, Refrigerator, Water Heater, Dryer, Oven - Self Cleaning, Washer Association Fee Frequency: Quarterly
Flooring: Laminate Plank
Levels: 2
Property Condition: Very Good Roof: Asphalt
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Foyer, Bedroom 1, Bathroom 1, Half Bath
12205 Pheasant Run Drive, Laurel, Maryland 20708
Special Listing Conditions: Standard
Structure Type: Interior Row/ Townhouse
Security Features: Smoke Detector
Tax Lot: 25
Window Features: Double Hung, Double Pane, Insulated, Screens
Tax Year: 2021
Year Built Effective: 2018
Senior Community Yn: false
Water Source: Public
Zoning: RT
Sewer: Public Sewer
Remarks Highest and Best Offers due 8-17-2021 by Noon
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
12213 Pheasant Run Dr $284,900 PENDING
9/20/21
12205 Pheasant Run Drive, Laurel, Maryland 20708 Laurel, MD 20708
3 Beds 2.0/1.0 Baths Year Built 1971
MLS #MDPG2007226 1,522 Sq. Ft. ($187 / 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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Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Comparable Property Statistics S
3 Sold Listings LOWEST
$269,500
P
AVERAGE
$274,467
HIGH
$280,000
AVG PRICE / SQFT
AVG DOM
$192
20
AVG PRICE / SQFT
AVG DOM
$187
4
1 Pending Listings LOWEST
$284,900
AVERAGE
$284,900
HIGH
$284,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
Sold Property Analysis Averages
100.1%
Homes sold for an average of 100.1% of their list price.
20
Days on market
It took an average of 20 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
9933 Boise Rd
$273,900
$273,900
100.00%
35
$178
9932 Mallard Dr
$263,500
$269,500
102.28%
20
$214
12139 Dove Cir
$285,000
$280,000
98.25%
7
$184
$274,133
$274,467
100.12%
20
$192
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
12205 Pheasant Run Drive, Laurel, Maryland 20708
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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