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Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Nicole Bona SEPTEMBER 10, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
13507 Bermingham Manor 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 Uelds 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
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
BEDS
BATHS
SQFT
PRICE
13507 Bermingham Manor Dr
4
2.00
2,789
-
1
Subject
2
MDPG593456
S
13611 Clark Ave
5
3.0/1.0
2,112
$540,000
3
MDPG2003092
S
13509 Oaklands Manor Dr
4
2.0/1.0
2,556
$650,000
4
MDPG2003272
S
8405 Staggers Farm Ct
4
4.0/1.0
4,672
$750,000
5
MDPG594850
S
13705 Oaklands Manor Dr
4
3.0/1.0
2,761
$595,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
13611 Clark Ave
2/22/21
5
3.0/1.0
2,112
$540,000
$256
13509 Oaklands Manor Dr
8/18/21
4
2.0/1.0
2,556
$650,000
$254
8405 Staggers Farm Ct
8/27/21
4
4.0/1.0
4,672
$750,000
$161
13705 Oaklands Manor Dr
3/31/21
4
3.0/1.0
2,761
$595,000
$216
3,025
$633,750
$222
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
13507 Bermingham Manor Drive, Laurel, Maryland 20708
13611 Clark Ave $540,000 CLOSED
MLS #MDPG593456
Laurel, MD 20707
5 Beds 3.0/1.0 Baths Year Built 2014
2/22/21
2,112 Sq. Ft. ($256 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Half baths: 1.0
Off-market date: 2/27/21
Acres: 0.33
County: PRINCE GEORGES
Lot Size: 14,403
Updated: Mar 3, 2021 9:12 AM
Subdivision: OAK CREST
Garages: 2
List Price: $540,000
Style: ["Colonial"]
List date: 1/22/21
Orig list price: $540,000
Full baths: 3.0
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Taxes: $6,192
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/Range - Electric, Stainless Steel Appliances, Washer, Water Heater
Basement: Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Walkout Stairs, Windows
Construction Materials: Brick, Vinyl Siding
Heating Fuel: Electric
Cooling: Central A/C, Ceiling Fan(s)
Below Grade Finished Area: 700
Exterior Features: Extensive Hardscape
Below Grade Finished Area Source: Estimated
Fireplace Features: Gas/ Propane
Interior Features: 2nd Kitchen, Carpet, Ceiling Fan(s), Crown Moldings, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen Gourmet, Walk-in Closet(s), Wood Floors
Below Grade Finished Area Units: Square Feet
Fireplaces Total: 1
Cooling Fuel: Electric
Flooring: Hardwood, Carpet, Ceramic Tile
Hot Water: Electric
Laundry Type: Upper Floor, Lower Floor Levels: 3
Heating: Heat Pump(s)
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Living Area Source: Estimated
Patio And Porch Features: Deck(s)
Senior Community Yn: false Sewer: Public Sewer
Total Garage And Parking Spaces: 6
Lot Size Source: Assessor
Property Condition: Excellent
Structure Type: Detached
Water Source: Public
Lot Size Units: Square Feet
Rooms Total: 13
Tax Lot: 16A
Zoning: R55
# Of Attached Garage Spaces: 2
Special Listing Conditions: Standard
Tax Year: 2020
Driveway Spaces: 4
Remarks ***HIGHEST AND BEST OFFERS REQUESTED BY 11PM 1/24/21, PRESENTING ALL OFFERS ON 1/25/21*** Welcome to this Better Than New, brick front 5BR 3 1/2 Bath Colonial with 2 car garage, featuring an incredible In-Law/Au-Pair Suite, or rental, with full kitchen with cherry cabinets, private bedroom, family room, full bath, separate entrance and separate laundry room. As for the upper two levels this home exceeds all of your expectations. As you walk through the front door you are met with the 2-story foyer with gleaming hardwoods throughout the main level, to the left of the foyer is a beautiful formal dining room with chair rail and crown moulding, through the dining room you will notice the huge, gourmet kitchen with 42 inch cherry cabinets, granite counter tops, stainless steel appliances tile Voors and breakfast nook. The breakfast nook Vows seamlessly into the family room with gas Ureplace, masonry hearth and custom mantel. On the upper level, wait until you see the spacious Primary Bedroom, with vaulted ceilings, 2 walk-in closets, and an en-suite with dual sinks, soaking tub and separate glass shower. There are three other generously sized bedrooms as well as a full bath, and laundry room with utility sink, all on the upper level. The attic has pull down stairs and is partially Voored for even more storage. Off of the kitchen, you will see the custom-built, maintenance free deck and fully fenced rear yard, this home is perfect for entertaining. Come and see this well appointed home as soon as you can, you wont be disappointed.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
13611 Clark Ave
13507 Bermingham Manor Drive, Laurel, Maryland 20708
$540,000 CLOSED
MLS #MDPG593456
Laurel, MD 20707
2/22/21
5 Beds 3.0/1.0 Baths Year Built 2014
2,112 Sq. Ft. ($256 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
13509 Oaklands Manor Dr $650,000 CLOSED
Laurel, MD 20708
4 Beds 2.0/1.0 Baths Year Built 2009
8/18/21
MLS #MDPG2003092 2,556 Sq. Ft. ($254 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0
List date: 7/12/21
Orig list price: $600,000
Half baths: 1.0
Off-market date: 8/23/21
Assoc Fee: $160
County: PRINCE GEORGES
Acres: 0.23 Lot Size: 10,200
Updated: Aug 23, 2021 6:05 PM
Taxes: $6,756
Subdivision: OAKLANDSPLAT 1>
Garages: 2
List Price: $600,000
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Estimated
Hot Water: Electric
Sewer: Public Sewer
Levels: 3
Structure Type: Detached
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Living Area Source: Estimated
Tax Lot: 12
Accessibility Features: None
Construction Materials: Vinyl Siding, Brick
Lot Size Source: Assessor
Total Garage And Parking Spaces: 4
Style: ["Colonial"]
Features
Association Fee Frequency: Quarterly
Cooling: Central A/C
Lot Size Units: Square Feet
Tax Year: 2020
# Of Attached Garage Spaces: 2
Virtual Tour: View
Heating: Forced Air
Special Listing Conditions: Standard
Zoning: RR
Heating Fuel: Natural Gas
Senior Community Yn: false
Basement: Other
Cooling Fuel: Electric
Below Grade Finished Area: 500
Fireplaces Total: 1
Water Source: Public Driveway Spaces: 2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Remarks Welcome Home! This beautiful new renovation in the heart of Laurel, MD has everything a buyer could ask for! Built in 2009, this home features over 3000 Sq. Ft. of living space, new carpet, luxury vinyl plank Vooring, updated kitchen, smart refrigerator, double oven, and fresh paint throughout. The main bedroom is very spacious and has an attached renovated bathroom with custom glass shower, upgraded tile, double vanity, soaking jetted tub, upgraded Uxtures, and separate toilet room. Enjoy relaxing and entertaining in your back yard with custom patio and entrance off the morning room addition. Conveniently located in a quiet neighborhood in Prince George's County just a quick drive to Annapolis, Baltimore, and DC! Must See, wont last long, Schedule your showing today!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
13509 Oaklands Manor Dr $650,000 CLOSED
8/18/21
Laurel, MD 20708
4 Beds 2.0/1.0 Baths Year Built 2009
MLS #MDPG2003092 2,556 Sq. Ft. ($254 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
8405 Staggers Farm Ct
Laurel, MD 20708
$750,000 CLOSED
4 Beds 4.0/1.0 Baths Year Built 2009
8/27/21
MLS #MDPG2003272 4,672 Sq. Ft. ($161 / sqft) Days on market: 18
Details Prop Type: Single Family Residence
Full baths: 4.0
List date: 7/9/21
Orig list price: $750,000
Half baths: 1.0
Off-market date: 8/28/21
Assoc Fee: $55
County: PRINCE GEORGES
Acres: 0.3 Lot Size: 13,166
Updated: Aug 28, 2021 4:54 AM
Taxes: $9,257
Subdivision: OAKLANDSPLAT 1>
Garages: 2
List Price: $750,000
Basement: Fully Finished, Walkout Stairs, Connecting Stairway, Heated, Windows
Cooling: Zoned, Programmable Thermostat, Central A/C
Heating: Heat Pump - Gas BackUp
Below Grade Finished Area: 2576
Cooling Fuel: Electric
Hot Water: Natural Gas
Style: ["Colonial"]
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Estimated Above Grade Finished Area Units: Square Feet Accessibility Features: Other Appliances: Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Microwave, Oven - Double, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
Below Grade Finished Area Source: Estimated
Exterior Features: Sidewalks, Exterior Lighting, Street Lights
Below Grade Finished Area Units: Square Feet
Fireplace Features: Gas/ Propane, Mantel(s), Screen
Construction Materials: Vinyl Siding, Brick
Fireplaces Total: 1
Association Fee Frequency: Monthly
Heating Fuel: Natural Gas
Flooring: Carpet, Wood, Ceramic Tile
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
Interior Features: Attic, Bar, Breakfast Area, Carpet, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Double/Dual Staircase, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Laundry Chute, Primary Bath(s), Recessed Lighting, Skylight(s), Store/OWce, Walk-in Closet(s), Wet/Dry Bar, Wood Floors
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Laundry Type: Main Floor Levels: 3 Living Area Source: Estimated Lot Features: Corner Lot Size Source: Assessor Lot Size Units: Square Feet # Of Attached Garage Spaces: 2 Parking Features: Asphalt Driveway Roof: Architectural Shingle
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 4, Kitchen, Family Room, Basement, Foyer, Breakfast Room, Laundry, OWce, Solarium, Storage Room, Bathroom 2, Bathroom 3 Special Listing Conditions: Standard Security Features: Carbon Monoxide Detector(s), Exterior Cameras, Smoke Detector, Sprinkler System Indoor Senior Community Yn: false
Sewer: Public Sewer Structure Type: Detached Tax Lot: 14 Tax Year: 2020 Total Garage And Parking Spaces: 2 Utilities: Cable TV, Natural Gas Available View: Limited, Garden/Lawn Virtual Tour: View Water Source: Public Window Features: Double Pane, Screens Zoning: RR
Remarks ***Open House for today 7/24 CANCELLED*** Gorgeous brick front colonial nestled on a corner lot in the desirable neighborhood of Oaklands community of Laurel. Amazing open Voor plan, solarium with tile Vooring, soaring ceilings, neutral colors, expansive windows, and stunning design inspired features. Offering more than 7,000 sq ft. of bright and airy living space beginning with the cathedral ceilings and two story foyer, showcasing crown molding, and beaming wood Voors throughout the separate living and dining room- perfect for entertaining. The gourmet kitchen features an oversized center island, granite counter tops, wet bar, recessed lighting, and stainless steel appliances featuring dual wall ovens. The primary suite has a high vaulted ceiling, sitting room, walk in closet, and luxurious bath with a soaking tub, separate shower, and dual vanity. Three additional sizable bedrooms and two additional full bathrooms complete the upper level. The impressive lower level presents an open concept complete with a full bar, full bathroom, recessed lighting, and a home theatre room. Within close proximity to Route 1 for shopping, dining and entertainment; conveniently located to the ICC, I-95 and the BWI Parkway. This spectacular home won't last!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
8405 Staggers Farm Ct $750,000 CLOSED
8/27/21
13507 Bermingham Manor Drive, Laurel, Maryland 20708 Laurel, MD 20708
4 Beds 4.0/1.0 Baths Year Built 2009
MLS #MDPG2003272 4,672 Sq. Ft. ($161 / sqft) Days on market: 18
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
13705 Oaklands Manor Dr $595,000 CLOSED
Laurel, MD 20708
4 Beds 3.0/1.0 Baths Year Built 2009
3/31/21
MLS #MDPG594850 2,761 Sq. Ft. ($216 / sqft) Days on market: 9
Details Prop Type: Single Family Residence
Full baths: 3.0
List date: 2/3/21
Orig list price: $555,000
Half baths: 1.0
Off-market date: 3/31/21
Assoc Fee: $175
County: PRINCE GEORGES
Acres: 0.27 Lot Size: 11,849
Updated: Jul 15, 2021 7:50 AM
Taxes: $6,937
Subdivision: OAKLANDSPLAT 1>
Garages: 2
List Price: $596,000
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Estimated
Hot Water: Electric
Senior Community Yn: false
Levels: 3
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Living Area Source: Estimated
Structure Type: Detached
Accessibility Features: None
Construction Materials: Other
Lot Size Source: Assessor
Tax Year: 2021
Lot Size Units: Square Feet
Total Garage And Parking Spaces: 2
Style: ["Colonial"]
Features
Association Fee Frequency: Quarterly
Cooling: Central A/C
Basement: Other
Cooling Fuel: Electric
Below Grade Finished Area: 1000
Fireplaces Total: 1 Heating: Forced Air Heating Fuel: Electric
Main Level Bedrooms: 4 # Of Attached Garage Spaces: 2
Tax Lot: 44
Water Source: Public Zoning: RR
Special Listing Conditions: Standard
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Remarks OFFER DEADLINE, MONDAY 2/8 AT NOON. Lovely 4 bedroom, 3.5 bath colonial on a prime lot in the Oaklands! Well maintained home with many upgrades including bamboo Voors on the main level, custom paint, bright open layout, formal dining room, formal living room study with glass french doors. Spacious eat-in kitchen with center island, breakfast bar, tile backsplash opens to sunny breakfast. Serene owner's bedroom with sitting area and ensuite bathroom and large walkin closet. Finished lower level with walkout access to a stone patio, full bathroom, bonus room, and a large recreation room. Lovely lot backs to woods for privacy. The backyard is perfect for relaxing and entertaining. All within minutes of shopping, dining, and major commuter routes. A must see that will not last!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
13705 Oaklands Manor Dr $595,000 CLOSED
3/31/21
Laurel, MD 20708
4 Beds 3.0/1.0 Baths Year Built 2009
MLS #MDPG594850 2,761 Sq. Ft. ($216 / sqft) Days on market: 9
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Comparable Property Statistics S
4 Sold Listings LOWEST
$540,000
AVERAGE
$633,750
HIGH
$750,000
AVG PRICE / SQFT
AVG DOM
$222
9
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
13507 Bermingham Manor Drive, Laurel, Maryland 20708
Sold Property Analysis Averages
102.0%
Homes sold for an average of 102.0% of their list price.
9
Days on market
It took an average of 9 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
13611 Clark Ave
$540,000
$540,000
100.00%
5
$256
13509 Oaklands Manor Dr
$600,000
$650,000
108.33%
5
$254
8405 Staggers Farm Ct
$750,000
$750,000
100.00%
18
$161
13705 Oaklands Manor Dr
$555,000
$595,000
107.21%
9
$216
$611,250
$633,750
103.68%
9
$222
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
13507 Bermingham Manor 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 Unished with hardwood Voors 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 Vowers 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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