______
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
CATHY MC NEAL JANUARY 7, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
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 Relds 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
10104 Little Pond Place, Gaithersburg, Maryland 20886
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
BEDS
BATHS
SQFT
PRICE
10104 Little Pond Pl
2
2.00
1,121
-
1
Subject
2
MDMC2007616
S
10106 Little Pond Pl #3
2
2.0/0
1,121
$160,000
3
MDMC2001196
S
18903 Smoothstone Way #I 3
2
2.0/0
1,121
$158,000
4
MDMC2018422
S
19118 Mills Choice Rd #4
2
2.0/0
1,121
$165,000
5
MDMC2001182
S
18905 Smoothstone Way
2
2.0/0
1,056
$175,000
6
MDMC2000299
S
19002 Mills Choice Rd #1
2
2.0/0
1,056
$162,000
7
MDMC2020792
S
10104 Little Pond Pl #6
2
2.0/0
1,121
$150,000
8
MDMC721870
S
19023 Mills Choice Rd #3
2
2.0/0
1,121
$155,000
9
MDMC761252
S
18906 Smoothstone Way #3
2
2.0/0
1,121
$155,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
10106 Little Pond Pl #3
9/27/21
2
2.0/0
1,121
$160,000
$143
18903 Smoothstone Way #I 3
7/16/21
2
2.0/0
1,121
$158,000
$141
19118 Mills Choice Rd #4
10/14/21
2
2.0/0
1,121
$165,000
$147
18905 Smoothstone Way
8/9/21
2
2.0/0
1,056
$175,000
$166
19002 Mills Choice Rd #1
10/21/21
2
2.0/0
1,056
$162,000
$153
1/4/22
2
2.0/0
1,121
$150,000
$134
19023 Mills Choice Rd #3
7/20/21
2
2.0/0
1,121
$155,000
$138
18906 Smoothstone Way #3
6/24/21
2
2.0/0
1,121
$155,000
$138
1,104
$160,000
$145
10104 Little Pond Pl #6
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
4
Listings
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
10106 Little Pond Pl #3
Montgomery Village, MD 20886
$160,000 CLOSED
2 Beds 2.0/0 Baths Year Built 1968
9/27/21
MLS #MDMC2007616 1,121 Sq. Ft. ($143 / sqft) Days on market: 16
Details Prop Type: Single Family Residence
Style: ["Contemporary"]
Off-market date: 9/28/21
Orig list price: $165,000
Full baths: 2.0 Lot Size (sqft):
Updated: Sep 28, 2021 2:59 AM
Taxes: $1,162
County: MONTGOMERY
List date: 8/4/21
List Price: $165,000
Association Amenities: Basketball Courts, Baseball Field, Bike Trail, Lake, Picnic Area, Pool - Outdoor, Soccer Field, Tennis Courts, Tot Lots/Playground, Volleyball Courts
Association Fee Includes: Air Conditioning, Common Area Maintenance, Electricity, Fiber Optics at Dwelling, Gas, Heat, Lawn Maintenance, Management, Reserve Funds, Road Maintenance, Snow Removal, Sewer, Trash, Water
Subdivision: MILLS CHOICE CODM
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, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
Association Fee 2: 664 Association Fee 2 Frequency: Monthly
Association Name 2: Mills Choice/Heron Cove Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet
Builder Name: kettler Building Name : MILLS CHOICE COD Construction Materials: Brick Cooling: Central A/C Cooling Fuel: Electric Entry Level: 2 Heating: Central Heating Fuel: Natural Gas Hot Water: Natural Gas Laundry Type: Dryer In Unit, Washer In Unit
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Levels: 1 Living Area Source: Assessor Main Level Bedrooms: 2 Number Of Units Total: 1
10104 Little Pond Place, Gaithersburg, Maryland 20886
Parking Features: Permit Included
Special Listing Conditions: Standard
Tax Lot: P2
Pets Allowed: Case by Case Basis
Senior Community Yn: false
View: Trees/Woods, Pond
Sewer: Public Sewer
Room Type: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1
Virtual Tour: View
Structure Type: Unit/Flat/ Apartment
Water Source: Public
Tax Year: 2021
Zoning: TS
Remarks Looking for a home with a view-- this is it! Overlooks trees/greenspace/pond--very tranquil setting--and to top all this off it is a 2 bedroom, 2 full bath condo with an updated Kitchen with NEW cabinets, SS Appliances (gas stove), granite counters, NEW carpet through out and full size washer/dryer in unit. Walking paths around the ponds, as well as to the Sunday Free concert. Pool, Tennis, softball, soccer Relds, and a lake to row in. Close to public transportation, shopping, schools. The condo fee covers the utilities, water/sewer, building maintenance, grounds, snow removal, trash removal and the above recreation items. See the virtual tour with Soorplan. Click on Soor plan to see the room.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
10106 Little Pond Pl #3 $160,000 CLOSED
9/27/21
10104 Little Pond Place, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC2007616 1,121 Sq. Ft. ($143 / sqft) Days on market: 16
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
18903 Smoothstone Way #I 3 $158,000 CLOSED
Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
7/16/21
MLS #MDMC2001196 1,121 Sq. Ft. ($141 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Style: ["Traditional"]
Off-market date: 7/16/21
Orig list price: $154,900
Full baths: 2.0 Lot Size (sqft):
Updated: Jul 29, 2021 4:43 PM
Taxes: $1,162
County: MONTGOMERY
List date: 6/18/21
List Price: $154,900
Above Grade Finished Area Source: Assessor
Association Fee 2 Frequency: Monthly
Construction Materials: Brick
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Air Conditioning, Electricity, Gas, Heat, Management, Sewer, Water, Common Area Maintenance, Ext Bldg Maint, Snow Removal, Trash
Cooling: Central A/C
Below Grade Finished Area Source: Assessor
Subdivision: MILLS CHOICE CODM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Accessibility Features: None Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked Association Amenities: Pool - Outdoor, Jog/Walk Path, Tot Lots/Playground
Below Grade Finished Area Units: Square Feet Building Name : MILLS CHOICE COD
Association Fee 2: 663
Heating: Forced Air
Interior Features: Combination Dining/Living, Dining Area, Floor Plan Open, Kitchen - Eat-In, Pantry, Stall Shower, Tub Shower, Walk-in Closet(s), Window Treatments
Heating Fuel: Natural Gas
Levels: 1
Hot Water: Natural Gas
Living Area Source: Assessor
Cooling Fuel: Electric Entry Level: 1
Main Level Bedrooms: 2 Parking Features: Permit Included Special Listing Conditions: Standard
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
Senior Community Yn: false Sewer: Public Sewer
10104 Little Pond Place, Gaithersburg, Maryland 20886
Structure Type: Unit/Flat/ Apartment
Tax Year: 2020
Zoning: TS
Water Source: Public
Tax Lot: P2
Remarks Don't miss this bright, airy and spacious 2 bedroom 2 bath condo which features over 1,000 square feet of living space. The condo fee includes all utilities! The unit features a open concept living and dining room. The kitchen is upgraded with updated cabinetry. The master bedroom features a large walk-in closet and remodeled ensuite bath. The full guest bath has also been remodeled. New HVAC - 2021. Located within walking distance to shopping and restaurants at Montgomery Village Center. Minutes to I-270 and public transit. The community features walking paths, swimming pool, playgrounds, and much more.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
18903 Smoothstone Way #I 3 $158,000 CLOSED
7/16/21
Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC2001196 1,121 Sq. Ft. ($141 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
19118 Mills Choice Rd #4 $165,000 CLOSED
Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
10/14/21
MLS #MDMC2018422 1,121 Sq. Ft. ($147 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Full baths: 2.0 Lot Size (sqft):
Updated: Oct 21, 2021 12:46 PM
County: MONTGOMERY
List date: 9/30/21
List Price: $185,000
Subdivision: HERONS COVE
Off-market date: 10/15/21
Orig list price: $185,000
Style: ["Unit/Flat"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $1,162
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: Other Association Amenities: Common Grounds, Jog/Walk Path, Pool - Outdoor, Community Center, Tot Lots/ Playground
Association Fee Includes: Air Conditioning, Common Area Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Management, Pool(s), Road Maintenance, Sewer, Snow Removal, Trash, Water, Reserve Funds Below Grade Finished Area Source: Assessor
Association Fee 2: 663
Below Grade Finished Area Units: Square Feet
Association Fee 2 Frequency: Monthly
Building Name : MILLS CHOICE COD
Construction Materials: Brick
Pets Allowed: Case by Case Basis
Cooling: Central A/C
Property Condition: Excellent
Cooling Fuel: Electric
Roof: Architectural Shingle
Entry Level: 2 Heating: Central
Special Listing Conditions: Standard
Heating Fuel: Electric
Senior Community Yn: false
Hot Water: Electric
Sewer: Public Sewer
Levels: 1
Structure Type: Unit/Flat/ Apartment
Living Area Source: Assessor Main Level Bedrooms: 2
Tax Lot: P2 Tax Year: 2020 Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Zoning: TS
Remarks Fantastic 2 bedroom and 2 bathroom unit right in the heart of Montgomery Village. No expense has been spared- so many updates! As you walk in, you'll notice the Fresh Paint, New Carpets, and New Wood Vinyl Sooring throughout the foyer, kitchen & hallway. ALL Windows were recently replaced with Double Paned Windows to help with noise reduction. HVAC system replaced in 2016. The Kitchen was Redone in 2020- New Corian Countertops, Added New Cabinets, and Recessed Lighting throughout. Kitchen wall was opened up to add a Breakfast Bar! Master bathroom has been beautifully updated with new tile, and new vanity. NEW Washer and Dryer in the Unit (2020)! Condo fee covers ALL utilities!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
19118 Mills Choice Rd #4 $165,000 CLOSED
10/14/21
10104 Little Pond Place, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC2018422 1,121 Sq. Ft. ($147 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
18905 Smoothstone Way $175,000 CLOSED
Montgomery Village, MD 20886
MLS #MDMC2001182
2 Beds 2.0/0 Baths
1,056 Sq. Ft. ($166 / sqft)
Year Built 1968
8/9/21
Days on market: 8
Details Prop Type: Single Family Residence
Full baths: 2.0 Lot Size (sqft):
Updated: Nov 18, 2021 2:26 AM
County: MONTGOMERY
List date: 7/7/21
List Price: $169,900
Subdivision: HERONS COVE
Off-market date: 8/11/21
Orig list price: $169,900
Style: ["Unit/Flat"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $1,107
Features Above Grade Finished Area Source: Assessor
Association Fee 2 Frequency: Monthly
Building Name : MILLS CHOICE COD
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Electricity, Gas, Heat, Management, Pool(s), Reserve Funds, Snow Removal, Trash, Water
Construction Materials: Brick
Association Name 2: Heron's Cove
Door Features: Six Panel
Living Area Source: Assessor
Entry Level: 1
Main Level Bedrooms: 2
Below Grade Finished Area Source: Assessor
Flooring: Carpet, Ceramic Tile
Number Of Units Total: 1
Below Grade Finished Area Units: Square Feet
Heating: Forced Air
Accessibility Features: None Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven - Self Cleaning, Range Hood, Refrigerator, Washer Association Amenities: Common Grounds, Pool Outdoor, Community Center, Tot Lots/Playground Association Fee 2: 626
Cooling: Ceiling Fan(s), Central A/C Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Window Treatments Levels: 1
Pets Allowed: No Pet Restrictions Property Condition: Very Good
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen Special Listing Conditions: Standard
10104 Little Pond Place, Gaithersburg, Maryland 20886
Senior Community Yn: false
Tax Year: 2020
Sewer: Public Sewer
Total Garage And Parking Spaces: 1
Structure Type: Unit/Flat/ Apartment
Water Source: Public
Window Features: Double Pane Zoning: TS Parking Lot Spaces: 1
Tax Lot: P2
Remarks Beautifully appointed 2BR/2FB condo in popular Herons Cove. Everything has been updated. Remodeled kitchen with quartz countertops, cabinets & stainless steel appliances. Remodeled bathrooms, replacement windows, ceramic tile Sooring, good sized bedrooms and primary bedroom has a walk-in closet and much more. Enjoy the ground Soor patio. Do not miss this one. Condo fee pays ALL utilities!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
18905 Smoothstone Way $175,000 CLOSED
8/9/21
10104 Little Pond Place, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886
MLS #MDMC2001182
2 Beds 2.0/0 Baths
1,056 Sq. Ft. ($166 / sqft)
Year Built 1968
Days on market: 8
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
19002 Mills Choice Rd #1 $162,000 CLOSED
Gaithersburg, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
10/21/21
MLS #MDMC2000299 1,056 Sq. Ft. ($153 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Full baths: 2.0 Lot Size (sqft):
Updated: Nov 30, 2021 5:03 AM
County: MONTGOMERY
List date: 10/6/21
List Price: $160,000
Subdivision: HERONS COVE
Off-market date: 10/21/21
Orig list price: $160,000
Style: ["Unit/Flat"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $1,107
Features Above Grade Finished Area Source: Assessor
Building Name : MILLS CHOICE COD
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Construction Materials: Cement Siding
Main Level Bedrooms: 2
Accessibility Features: None
Cooling: Central A/C
Association Fee 2: 626
Cooling Fuel: Natural Gas
Association Fee 2 Frequency: Monthly
Tax Year: 2020 Total Garage And Parking Spaces: 2
Pets Allowed: Cats OK, Dogs OK
Water Source: Public Parking Lot Spaces: 2
Entry Level: 1
Special Listing Conditions: Standard
Heating: Forced Air
Senior Community Yn: false
Below Grade Finished Area Source: Assessor
Heating Fuel: Electric
Sewer: Public Sewer
Below Grade Finished Area Units: Square Feet
Hot Water: Electric Levels: 4
Structure Type: Unit/Flat/ Apartment
Zoning: TS
Tax Lot: P2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Remarks No Description for this property.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
10104 Little Pond Pl #6
Gaithersburg, MD 20886
$150,000 CLOSED
2 Beds 2.0/0 Baths Year Built 1968
1/4/22
MLS #MDMC2020792 1,121 Sq. Ft. ($134 / sqft) Days on market: 34
Details Prop Type: Single Family Residence
Full baths: 2.0 Lot Size (sqft):
Updated: Jan 4, 2022 12:48 PM
County: MONTGOMERY
List date: 11/15/21
List Price: $160,000
Subdivision: HERONS COVE
Off-market date: 1/4/22
Orig list price: $165,000
Style: ["Traditional"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $1,204
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Association Amenities: Bike Trail, Jog/Walk Path, Pool Outdoor, Soccer Field, Tennis Courts, Tot Lots/Playground, Transportation Service Association Fee 2: 664 Association Fee 2 Frequency: Monthly
Association Fee Includes: Air Conditioning, Common Area Maintenance, Electricity, Ext Bldg Maint, Gas, Management, Pool(s), Trash, Snow Removal, Road Maintenance
Cooling: Central A/C
Levels: 1
Cooling Fuel: Electric
Living Area Source: Assessor
Exterior Features: Sidewalks, Street Lights, Tennis Court(s), Water Fountains
Main Level Bedrooms: 2
Below Grade Finished Area Source: Assessor
Flooring: Carpet
Property Condition: Very Good
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas
Building Name : NONE AVAILABLE Construction Materials: Brick
Entry Level: 3
Heating: Forced Air Hot Water: Natural Gas Interior Features: Carpet, Floor Plan - Traditional Laundry Type: Has Laundry
Pets Allowed: Cats OK, Dogs OK
Room Type: Living Room, Dining Room, Kitchen Special Listing Conditions: Standard Senior Community Yn: false Sewer: Public Sewer
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
Structure Type: Unit/Flat/ Apartment Tax Lot: P2
10104 Little Pond Place, Gaithersburg, Maryland 20886
Tax Year: 2021
Water Source: Public
Total Garage And Parking Spaces: 1
Zoning: TS
Parking Lot Spaces: 1
Remarks Beautiful, peaceful view from the living room puts you in the land of serenity! Top Soor privacy Overlooks green space, trees and the pond with nearby Gazebo and walking paths about Freshly painted and brand new carpet so there is nothing to do but move in and enjoy! 2 Bedrooms and 2 Full Baths and a spacious living room and dining room. Condo Fee pays ALL utilities except cable Close to shopping. 2 brand new grocery stores, schools and local bus routes. Prime location!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
10104 Little Pond Pl #6 $150,000 CLOSED
1/4/22
10104 Little Pond Place, Gaithersburg, Maryland 20886 Gaithersburg, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC2020792 1,121 Sq. Ft. ($134 / sqft) Days on market: 34
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
19023 Mills Choice Rd #3 $155,000 CLOSED
Gaithersburg, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
7/20/21
MLS #MDMC721870 1,121 Sq. Ft. ($138 / sqft) Days on market: 140
Details Prop Type: Single Family Residence
Style: ["Colonial"]
Off-market date: 7/21/21
Orig list price: $155,000
Full baths: 2.0 Lot Size (sqft):
Updated: Jul 30, 2021 8:54 AM
Taxes: $1,162
County: MONTGOMERY
List date: 8/20/20
List Price: $155,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Cooling Fuel: Electric
Sewer: Public Sewer
Entry Level: 1 Heating: Forced Air
Structure Type: Unit/Flat/ Apartment
Heating Fuel: Natural Gas
Tax Lot: P2
Accessibility Features: None
Association Fee Includes: Common Area Maintenance, Electricity, Insurance, Sewer, Snow Removal, Trash, Water, Gas, Pool(s), Recreation Facility
Hot Water: Natural Gas
Tax Year: 2021
Association Amenities: Common Grounds
Below Grade Finished Area Source: Assessor
Levels: 1
Total Garage And Parking Spaces: 1
Association Fee 2: 645
Below Grade Finished Area Units: Square Feet
Subdivision: MILLS CHOICE CODM
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet
Association Fee 2 Frequency: Monthly
Building Name : MILLS CHOICE COD Construction Materials: Brick Cooling: Central A/C
Living Area Source: Assessor
Water Source: None
Main Level Bedrooms: 2
Zoning: TS
Number Of Units Total: 1
Parking Lot Spaces: 1
Special Listing Conditions: Standard Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Remarks excellent condition. New Soors, carpet, fresh painted. walking distance to shop and grocery store. public transportation available , price to sell. it won't last
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
24
Comparative Market Analysis
19023 Mills Choice Rd #3 $155,000 CLOSED
7/20/21
10104 Little Pond Place, Gaithersburg, Maryland 20886 Gaithersburg, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC721870 1,121 Sq. Ft. ($138 / sqft) Days on market: 140
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
25
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
18906 Smoothstone Way #3 $155,000 CLOSED
Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
6/24/21
MLS #MDMC761252 1,121 Sq. Ft. ($138 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Style: ["Unit/Flat"]
Off-market date: 6/24/21
Orig list price: $149,000
Full baths: 2.0 Lot Size (sqft):
Updated: Nov 6, 2021 5:26 AM
Taxes: $1,162
County: MONTGOMERY
List date: 5/28/21
List Price: $149,000
Association Fee Includes: Air Conditioning, All Ground Fee, Appliance Maintenance, Electricity, Gas, Heat, Insurance, Lawn Maintenance, Management, Parking Fee, Sewer, Trash, Water
Construction Materials: Brick
Subdivision: MILLS CHOICE CODM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Association Amenities: Common Grounds Association Fee 2: 663 Association Fee 2 Frequency: Monthly
Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet Building Name : MILLS CHOICE COD
Number Of Units Total: 1
Cooling: Central A/C
Special Listing Conditions: Standard
Cooling Fuel: Electric
Senior Community Yn: false
Entry Level: 1
Sewer: Public Sewer
Flooring: Hardwood Heating: Forced Air
Structure Type: Unit/Flat/ Apartment
Heating Fuel: Electric
Tax Lot: P2
Hot Water: Electric
Tax Year: 2021
Levels: 1
Total Garage And Parking Spaces: 1
Living Area Source: Assessor Main Level Bedrooms: 2
Utilities: Cable TV, Natural Gas Available Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
26
Comparative Market Analysis
Zoning: TS
10104 Little Pond Place, Gaithersburg, Maryland 20886
Parking Lot Spaces: 1
Remarks Immaculate 2 Bedroom 2 Full Bathroom unit in Montgomery Village. This updated home has been freshly painted and features an open Soor plan, engineered hardwood throughout, upgraded appliances and washer/dryer. Very clean and shows extremely well.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
27
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
18906 Smoothstone Way #3 $155,000 CLOSED
6/24/21
Montgomery Village, MD 20886
2 Beds 2.0/0 Baths Year Built 1968
MLS #MDMC761252 1,121 Sq. Ft. ($138 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
28
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Comparable Property Statistics S
8 Sold Listings LOWEST
$150,000
AVERAGE
$160,000
HIGH
$175,000
AVG PRICE / SQFT
AVG DOM
$145
27
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
30
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
Sold Property Analysis Averages
98.6%
Homes sold for an average of 98.6% of their list price.
27
Days on market
It took an average of 27 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
10106 Little Pond Pl #3
$165,000
$160,000
96.97%
16
$143
18903 Smoothstone Way #I 3
$154,900
$158,000
102.00%
6
$141
19118 Mills Choice Rd #4
$185,000
$165,000
89.19%
7
$147
18905 Smoothstone Way
$169,900
$175,000
103.00%
8
$166
19002 Mills Choice Rd #1
$160,000
$162,000
101.25%
1
$153
10104 Little Pond Pl #6
$165,000
$150,000
90.91%
34
$134
19023 Mills Choice Rd #3
$155,000
$155,000
100.00%
140
$138
18906 Smoothstone Way #3
$149,000
$155,000
104.03%
7
$138
$162,975
$160,000
98.17%
27
$145
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
31
Comparative Market Analysis
10104 Little Pond Place, Gaithersburg, Maryland 20886
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 Rnished with hardwood Soors 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 Sowers 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
32