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Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Keegan JANUARY 6, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
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 Selds 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
1511 Hanby Street, Silver Spring, Maryland 20902
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
1511 Hanby St
4
2.00
1,910
-
1
Subject
2
MDMC2002982
S
10705 Huntley Pl
4
3.0/0
1,540
$599,900
3
MDMC2000324
S
10508 Hayes Ave
3
2.0/0
1,092
$565,000
4
MDMC760328
S
1021 Forest Glen Rd
3
2.0/0
1,232
$550,000
5
MDMC2020552
S
10806 Inwood Ave
4
3.0/0
1,092
$570,000
6
MDMC2015104
S
10427 Inwood Ave
3
2.0/0
1,502
$585,000
7
MDMC749488
S
1016 Stirling Rd
3
2.0/0
1,232
$557,025
8
MDMC2006380
S
805 Dryden St
4
2.0/0
1,584
$590,000
9
MDMC752920
S
2010 Dayton St
3
2.0/0
1,296
$564,900
10
MDMC2028618
A
10415 Hayes Ave
3
2.0/0
1,054
$575,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
10705 Huntley Pl
8/16/21
4
3.0/0
1,540
$599,900
$390
10508 Hayes Ave
6/3/21
3
2.0/0
1,092
$565,000
$517
1021 Forest Glen Rd
8/2/21
3
2.0/0
1,232
$550,000
$446
10806 Inwood Ave
12/13/21
4
3.0/0
1,092
$570,000
$522
10427 Inwood Ave
10/29/21
3
2.0/0
1,502
$585,000
$389
6/1/21
3
2.0/0
1,232
$557,025
$452
805 Dryden St
10/15/21
4
2.0/0
1,584
$590,000
$372
2010 Dayton St
5/28/21
3
2.0/0
1,296
$564,900
$436
1,321
$572,728
$441
1016 Stirling Rd
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
3
2.0/0
1,054
$575,000
$546
1,054
$575,000
$546
10415 Hayes Ave
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
1511 Hanby Street, Silver Spring, Maryland 20902
10705 Huntley Pl $599,900 CLOSED
MLS #MDMC2002982
Silver Spring, MD 20902
4 Beds 3.0/0 Baths Year Built 1950
8/16/21
1,540 Sq. Ft. ($390 / sqft) Days on market: 17
Details Prop Type: Single Family Residence
Full baths: 3.0 Acres: 0.12
Updated: Oct 31, 2021 8:02 PM
County: MONTGOMERY
Lot Size (sqft): 5,300
List Price: $599,900
Subdivision: CHESTNUT RIDGE MANOR
List date: 6/28/21
Orig list price: $599,900
Off-market date: 9/2/21
Taxes: $4,262
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 400
Furnished: No
Laundry Type: Has Laundry
Heating: Forced Air
Levels: 3
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Living Area Source: Assessor
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Style: ["Cape Cod"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer Basement: Daylight, Full, Fully Finished, Interior Access, Other
Builder Model: I'm Gorgeous! Construction Materials: Brick, Other Cooling: Central A/C Cooling Fuel: Electric Flooring: Carpet, Ceramic Tile, Hardwood, Other
Hot Water: Natural Gas Interior Features: Breakfast Area, Carpet, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Upgraded Countertops, Wood Floors, Other
Lot Features: Landscaping, Rear Yard Lot Size Source: Assessor Lot Size Units: Square Feet Main Level Bedrooms: 2 Patio And Porch Features: Deck(s) Property Condition: Very Good
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Special Listing Conditions: Standard
1511 Hanby Street, Silver Spring, Maryland 20902
Sewer: Public Sewer
Tax Year: 2020
Structure Type: Detached
Water Source: Public
Zoning: R60
Senior Community Yn: false
Remarks Location! Location! Location! Super charming cape cod with 4 bedrooms, 3 full-baths and 3 Snished levels in popular Chestnut Ridge Manor! This picture perfect light Slled residence features a spacious modernized open Toor plan with engineered wood Toors, fresh paint and updates galore throughout. Stunning gourmet kitchen includes an island, pendant lighting, ample white shaker cabinets, stainless steel appliances-gas cooking, quartz countertops and tile backsplash. Lovely living area and separate dining with sliding doors to a new deck in rear-great for barbeques! A grand addition on the main level features the master bedroom-double closets and a beautiful ensuite shower made up of a pretty tile design. Three more nice size rooms with plenty of closet space and two more breathtaking full-baths with elegant Snishes. Lower level has a large family room excellent for entertaining. Fabulous Tat yard with driveway and street parking. Great location with walking distance to Sligo Creek Park, Sligo Creek Trail and to Sligo-Dennis Avenue Local Park (playground, softball Seld, lighted baseball Seld, lighted tennis courts). Approximately less than 2 miles to WestSeld Wheaton (Target, Costco), Forest Glen Metro, Safeway, Woodmoor Shopping Center and more. Welcome home!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
10705 Huntley Pl
1511 Hanby Street, Silver Spring, Maryland 20902
$599,900 CLOSED
MLS #MDMC2002982
Silver Spring, MD 20902
8/16/21
4 Beds 3.0/0 Baths Year Built 1950
1,540 Sq. Ft. ($390 / sqft) Days on market: 17
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
10508 Hayes Ave $565,000 CLOSED
MLS #MDMC2000324
Silver Spring, MD 20902
3 Beds 2.0/0 Baths Year Built 1950
6/3/21
1,092 Sq. Ft. ($517 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.13
Updated: Oct 1, 2021 10:02 PM
County: MONTGOMERY
Lot Size (sqft): 5,718
List Price: $565,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: CHESTNUT RIDGE MANOR
List date: 3/8/21
Orig list price: $495,000
High: NORTHWOOD
Off-market date: 6/3/21
Taxes: $4,445
Middle: SLIGO
Basement: Outside Entrance, Walkout Level, Sump Pump, Windows, Partially Finished
Flooring: Hardwood, Vinyl
Below Grade Finished Area: 400
Heating: Forced Air
Lot Size Units: Square Feet
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Main Level Bedrooms: 2
Hot Water: Natural Gas
Patio And Porch Features: Porch(es)
Style: ["Cape Cod"]
Elementary: GLEN HAVEN
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Stainless Steel Appliances, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Washer, Refrigerator, Oven/Range Gas, Microwave, Icemaker, Water Conditioner - Owned
Green Energy Generation: PV Solar Array(s) Leased
Living Area Source: Assessor Lot Size Source: Assessor
Construction Materials: Brick, Combination
Interior Features: Window Treatments, Water Treat System, Walk-in Closet(s), Recessed Lighting, Pantry, Cedar Closet(s)
Cooling: Central A/C
Laundry Type: Basement
Cooling Fuel: Electric
Security Features: Security System
Levels: 3
Senior Community Yn: false
Below Grade Finished Area Units: Square Feet
Property Condition: Excellent Special Listing Conditions: Standard
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Sewer: Public Sewer
Tax Year: 2021
Water Source: Public
Year Built Effective: 2020
Structure Type: Detached
Total Garage And Parking Spaces: 2
Window Features: Energy EUcient, Double Pane
Zoning: R60
Tax Lot: 14
Driveway Spaces: 2
Remarks Dont miss this stunning, and smart, Cape Cod! Thoughtfully renovated by the owner/architect, this home exudes style and elegance with touches of modern innovation. The large front porch welcomes you in and provides the perfect setting for morning coffee or an after-work cocktail. Upon entry, you will Snd yourself in a designers dream home: outStted with an Alexa-compatible, Wink home control system, Google Nest thermostat, and smoke detectors, Lutron voice-controlled LED lighting in every major room, and solar roof panels - not only is this home high-tech, but its also energy-eUcient! Stepping into the updated kitchen, spectacular amenities abound, including slate Toors, stunning Cosmos Black granite counters with a beautiful waterfall edge, upgraded cabinetry, and stainless-steel appliances. From the kitchen, walk out to the private, cedar-fenced backyard - perfect for entertaining! In addition to the kitchen, the main level boasts a spacious living area, two bedrooms, and a full bath, all lovingly renovated with designer Snishes. The magniScent and modern staircase, lit by a sparkling crystal chandelier, is Snished with naturally ebonized oak stair treads and a modern stainless-steel handrail, and leads you to the sunlit upper level. There you will Snd the oversized primary bedroom with ensuite full bath, complete with marble sink and spa-like rain head shower, a huge ELFA walk-in closet, and a window nook for an oUce or a remote-learning area. The lower level features a large, Snished game area and a Snished media/TV area with slate Toors, built-in media cabinets, and a full 7.1 surround sound system. On this level, you will also Snd a utility room with washer/ dryer and ample storage, a pantry with WiFi connected freezer, and a whole-house water Slter with a softener that will provide healthy, drinkable water to every faucet in and around the house for at least 1 million gallons. Other luxury elements of note include Kohler plumbing Sxtures, Baldwin brass door hardware throughout, cedar-lined coat and linen closets, and a Toto heated bidet toilet in the main level bath. Renovations also involved the addition of new insulation within the upper and lower levels (2016/2017), 50-year roof and covered, low-maintenance rain gutters (2016), energyeUcient double-pane Andersen windows with low-maintenance composite frame (2016), and an electric panel upgrade (2017). If you ever Snd yourself ready to leave this private paradise, youll Snd yourself surrounded by a charming and friendly neighborhood with easy access to parks, transit, and more! OFFER REVIEW - Tuesday, May 4, 2021, at 4:00 p.m.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
10508 Hayes Ave
1511 Hanby Street, Silver Spring, Maryland 20902
$565,000 CLOSED
MLS #MDMC2000324
Silver Spring, MD 20902
6/3/21
3 Beds 2.0/0 Baths Year Built 1950
1,092 Sq. Ft. ($517 / 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
1511 Hanby Street, Silver Spring, Maryland 20902
1021 Forest Glen Rd
Silver Spring, MD 20901
$550,000 CLOSED
3 Beds 2.0/0 Baths Year Built 1948
8/2/21
MLS #MDMC760328 1,232 Sq. Ft. ($446 / sqft) Days on market: 8
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.14
Updated: Dec 22, 2021 1:33 PM
County: MONTGOMERY
Lot Size (sqft): 6,210
List Price: $550,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: SOUTH FOUR CORNERS
List date: 5/26/21
Orig list price: $550,000
High: ALBERT EINSTEIN
Off-market date: 8/8/21
Taxes: $4,141
Middle: SLIGO
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Flooring: Carpet, Hardwood
Lot Size Source: Assessor
Heating: Forced Air
Lot Size Units: Square Feet
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas
Other Structures: Shed
Accessibility Features: None
Construction Materials: Brick
Hot Water: Natural Gas
Patio And Porch Features: Patio(s), Deck(s)
Style: ["Colonial"]
Elementary: FLORA SINGER
Features
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Oven - Wall, Refrigerator, Washer, Water Heater Basement: Other, Connecting Stairway, Interior Access, Outside Entrance, Walkout Stairs
Exterior Features: Sidewalks, Street Lights
Interior Features: Attic, Carpet, Dining Area, Floor Plan - Traditional, Upgraded Countertops, Wood Floors, Ceiling Fan(s), Walk-in Closet(s)
Fencing: Rear
Levels: 3
Sewer: Public Sewer
Fireplace Features: Wood
Living Area Source: Assessor
Structure Type: Detached
Cooling: Central A/C Cooling Fuel: Electric
Fireplaces Total: 1
Roof: Architectural Shingle Special Listing Conditions: Standard Senior Community Yn: false
Tax Lot: 12
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Tax Year: 2021
Virtual Tour: View
Zoning: R60
Total Garage And Parking Spaces: 2
Water Source: Public
Driveway Spaces: 2
Remarks Welcome home to this beautiful, brick colonial in sought out South Four Corners. Full of charm and offering a wonderful Tow, the main level opens to large living room with wood burning Sreplace and beautiful French doors which open to exterior deck. Kitchen has been enlarged and provides loads of cherry cabinetry, updated Jenn-Air stovetop and wall oven, and Bosch appliances, Silestone Quartz countertops including a peninsula breakfast bar - the perfect spot to enjoy your morning coffee. Sunlit dining room off of kitchen is spacious and full of natural light. Upper level doesn't disappoint with three bedrooms (hardwood Toors), one full bath and a walk-up attic with easy access, providing lots of space for storage. Large lower level has partly Snished space for recreation room, a full bath and a storage/ utility area with built in work bench, and also includes walk-up access to the rear yard. Home has been meticulously maintained and offers many upgrades notably new Roof (2021), AC (2019), and energy eUcient double hung windows throughout. Amazing outdoor space as backyard is private and Tat with newly stained deck and brick patio - the perfect spot to host a BBQ with friends and family. Yard has mature trees and perennial gardens plus storage shed. Ideal neighborhood location offering convenience to the Metro (less than 1 mile). House is on a sidewalk lined street, across from beautiful Argyle Park and near to the Silver Spring Senior Center. South Four Corners is an amazing community complete with community events, and convenient for commuters with easy access to 495, Rt 29 and Washington DC. Home is also near Woodmoor shopping center, Trader Joes center, Downtown Silver Spring and Sligo Park Trails. Don't miss the opportunity to own this beautifully maintained Colonial!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
1021 Forest Glen Rd
1511 Hanby Street, Silver Spring, Maryland 20902 Silver Spring, MD 20901
$550,000 CLOSED
8/2/21
3 Beds 2.0/0 Baths Year Built 1948
MLS #MDMC760328 1,232 Sq. Ft. ($446 / sqft) Days on market: 8
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
10806 Inwood Ave
Silver Spring, MD 20902
$570,000 CLOSED
4 Beds 3.0/0 Baths Year Built 1949
12/13/21
MLS #MDMC2020552 1,092 Sq. Ft. ($522 / sqft) Days on market: 18
Details Prop Type: Single Family Residence
Full baths: 3.0 Acres: 0.15
Updated: Dec 14, 2021 4:47 AM
County: MONTGOMERY
Lot Size (sqft): 6,417
List Price: $575,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: CHESTNUT RIDGE
List date: 11/11/21
Orig list price: $575,000
High: NORTHWOOD
Off-market date: 12/14/21
Taxes: $3,864
Middle: SLIGO
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Hot Water: Electric
Property Condition: Excellent
Levels: 3
Above Grade Finished Area Units: Square Feet
Construction Materials: Other
Living Area Source: Estimated
Special Listing Conditions: Standard
Accessibility Features: None
Cooling: Central A/C
Lot Size Source: Assessor
Sewer: Public Sewer
Basement: Fully Finished
Cooling Fuel: Electric
Lot Size Units: Square Feet
Structure Type: Detached
Basement Finished Percent: 95.0
Flooring: Wood, Carpet, Laminate Plank
Main Level Bedrooms: 2
Tax Lot: 1
Below Grade Finished Area: 628
Foundation Details: Block
Parking Features: Gravel Driveway
Tax Year: 2020
Below Grade Finished Area Source: Estimated
Heating Fuel: Natural Gas
Pets Allowed: Size/Weight Restriction
Zoning: R60
Style: ["Cape Cod"]
Elementary: GLEN HAVEN
Features
Heating: Central
Senior Community Yn: false
Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Remarks BACK ON THE MARKET! OPEN HOUSE SUN 2- 4PM Welcome to 10806 Inwood Ave, Silver Spring, MD. This turn-key newly renovated cape cod features 4 bedrooms, 3 full baths, renovated kitchen, stainless steel appliances, quartz countertops, hardwood Toors throughout, new carpet, renovated bathrooms, new light Sxtures, all new windows and more. The main level features a full bathroom, two generously sized bedrooms, living room, a multi-purpose dining room, and access to the large side deck. The upper level features two generously sized bedrooms, full bathroom, and a large closet for extra storage. The large basement features an open layout, full bathroom, new water heater, new carpet, laundry, and a fabulous oUce nook. Did I mention the large long back yard! This home is conveniently located a short distance to schools, parks, dining, 495, Metro, and much more. Do not miss the opportunity to own this beautiful gem!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
10806 Inwood Ave
1511 Hanby Street, Silver Spring, Maryland 20902 Silver Spring, MD 20902
$570,000 CLOSED
12/13/21
4 Beds 3.0/0 Baths Year Built 1949
MLS #MDMC2020552 1,092 Sq. Ft. ($522 / sqft) Days on market: 18
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
10427 Inwood Ave
Silver Spring, MD 20902
$585,000 CLOSED
3 Beds 2.0/0 Baths Year Built 1947
10/29/21
MLS #MDMC2015104 1,502 Sq. Ft. ($389 / sqft) Days on market: 19
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.14
Updated: Oct 31, 2021 5:24 PM
County: MONTGOMERY
Lot Size (sqft): 6,273
List Price: $585,000
Subdivision: CAMERON HEIGHTS
List date: 9/12/21
Orig list price: $589,990
Off-market date: 10/31/21
Taxes: $4,232
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Hot Water: Natural Gas
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Accessibility Features: None
Construction Materials: Brick
Living Area Source: Assessor
Cooling: Central A/C
Lot Size Source: Assessor
Special Listing Conditions: Standard
Cooling Fuel: Electric
Lot Size Units: Square Feet
Senior Community Yn: false
Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Appliances: Stainless Steel Appliances, Oven/Range Electric, Refrigerator, Dishwasher, Microwave Basement: Fully Finished Below Grade Finished Area: 300
Interior Features: Upgraded Countertops, Wood Floors Levels: 3
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Sun/ Florida Room, Bathroom 1, Bathroom 2
Fireplaces Total: 1
Sewer: Public Sewer
Foundation Details: Other
Structure Type: Detached
Heating: Forced Air
Tax Lot: 14
Heating Fuel: Natural Gas Available
Tax Year: 2020
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
Total Garage And Parking Spaces: 2
1511 Hanby Street, Silver Spring, Maryland 20902
Water Source: Public
Zoning: R60
Driveway Spaces: 2
Remarks This fully renovated home is turnkey and ready for you to move in and enjoy! There are 3 large bedrooms on the upper level with wood Toors and 1 full bath. The main level offers hardwood throughout, living room with Sreplace, dining room, renovated kitchen with Quartz countertops, new cabinets, ceramic Toor, stainless steel appliances, backsplash and a nice sunroom for all season enjoyment. The basement offers a family room, a second full bathroom and a separate access to the exterior. This lovely home its ready for you! Conveniently located near red line metro and downtown Silver Spring! Minutes to Forest Glen and Wheaton/Glenmont Metro stations, big box retail shopping, restaurants, and parks. The sale of the property includesthe lot on which the property is located and the adjacent outlot "A"
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
10427 Inwood Ave
1511 Hanby Street, Silver Spring, Maryland 20902 Silver Spring, MD 20902
$585,000 CLOSED
10/29/21
3 Beds 2.0/0 Baths Year Built 1947
MLS #MDMC2015104 1,502 Sq. Ft. ($389 / sqft) Days on market: 19
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
1016 Stirling Rd $557,025 CLOSED
MLS #MDMC749488
Silver Spring, MD 20901
3 Beds 2.0/0 Baths Year Built 1948
6/1/21
1,232 Sq. Ft. ($452 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Full baths: 2.0 Acres: 0.14
Updated: Oct 4, 2021 11:27 AM
County: MONTGOMERY
Lot Size (sqft): 6,210
List Price: $550,000
Subdivision: SUNSET TERRACE
List date: 4/13/21
Orig list price: $550,000
Off-market date: 6/1/21
Taxes: $4,569
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 300
Heating: Forced Air
Sewer: Public Sewer
Heating Fuel: Natural Gas
Structure Type: Detached
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Hot Water: Natural Gas
Tax Lot: 3
Accessibility Features: Other
Below Grade Finished Area Units: Square Feet
Levels: 3
Tax Year: 2020
Living Area Source: Assessor
Virtual Tour: View
Lot Size Source: Assessor
Zoning: R60
Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features
Basement: Connecting Stairway, Daylight, Partial, Heated, Improved, Walkout Stairs, Windows, Rear Entrance, Sump Pump, Outside Entrance
Construction Materials: Brick Cooling: Central A/C
Lot Size Units: Square Feet
Cooling Fuel: Electric
Special Listing Conditions: Standard
Fireplaces Total: 1
Water Source: Public
Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Remarks Welcome to 1016 Stirling Rd! This lovely brick colonial has been renovated to the 9s in sought after Four Corners. Hardwood Toors on the main level welcome you to a living space with a wood-burning Sreplace. The fully renovated kitchen boasts custom cabinetry, granite counters, a ceramic backsplash, new stove (2020), new dishwasher (2018), and stainless appliances. Off of the kitchen is a separate dining room and a side exit to a back deck that overlooks a large, fenced-in backyard. On the upper level are 3 sunny, generous bedrooms and a full brand new bathroom. The lower level is Snished with an additional full bathroom, extra storage, and walks out to the back yard. This home is equipped with updated systems, windows, and a new roof (2019), and is located near the red-line metro and Sligo Park. Dont wait, 1016 Stirling Rd wont last long!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
1016 Stirling Rd
1511 Hanby Street, Silver Spring, Maryland 20902
$557,025 CLOSED
MLS #MDMC749488
Silver Spring, MD 20901
6/1/21
3 Beds 2.0/0 Baths Year Built 1948
1,232 Sq. Ft. ($452 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
805 Dryden St $590,000 CLOSED
MLS #MDMC2006380
Silver Spring, MD 20901
4 Beds 2.0/0 Baths Year Built 1951
10/15/21
1,584 Sq. Ft. ($372 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 10/15/21
Taxes: $4,430
Acres: 0.14
County: MONTGOMERY
Lot Size (sqft): 6,123
Updated: Oct 15, 2021 10:56 AM
Subdivision: BALLANTRAE
List date: 9/2/21
List Price: $560,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Style: ["Colonial"]
Orig list price: $560,000
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet
Carport Spaces: 1
Hot Water: Natural Gas
Sewer: Public Sewer
Construction Materials: Other
Levels: 1.5
Structure Type: Detached
Living Area Source: Assessor
Tax Lot: 3
Lot Size Source: Assessor
Accessibility Features: None
Cooling: Central A/C, Ceiling Fan(s)
Basement: Fully Finished
Cooling Fuel: Electric
Lot Size Units: Square Feet
Total Garage And Parking Spaces: 1
Below Grade Finished Area: 600
Fireplace Features: Gas/ Propane
Main Level Bedrooms: 1
Water Source: Public
Below Grade Finished Area Source: Assessor
Fireplaces Total: 1
Pets Allowed: No Pet Restrictions
Zoning: R60
Below Grade Finished Area Units: Square Feet
Heating: Forced Air
Special Listing Conditions: Standard
Heating Fuel: Natural Gas
Senior Community Yn: false
Foundation Details: Other
Tax Year: 2021
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
24
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Remarks A must see home in the 4 Corners area of Silver Spring. This 4 bedroom home is move in ready! Be sure to check out all the custom touches that are part of the overall portrait of this impeccable property. As you enter, you are greeted with an open living space that Tows to a bright updated kitchen with one of a kind stone wall. The main level also has a separate dining area that opens to a casual living space and main level bedroom and bathroom. The upper level has 3 bright bedrooms and full bathroom. The Snished lower level is additional living space with laundry area. The outdoor space is a private level space perfect for entertaining or relaxing. Fenced in and surrounded by mature landscaping, the lovely patio area is ideal for upcoming outdoor meals. With a shed for additional storage, the backyard is a must see! Not to be forgotten- driveway parking with a carport and 2 side entrances to the home for added convenience. 805 Dryden is situated in the heart of 4 Corners, close to 495, Sligo Creek golf course, outdoor entertainment, shopping, restaurants, parks and more.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
25
Comparative Market Analysis
805 Dryden St
1511 Hanby Street, Silver Spring, Maryland 20902
$590,000 CLOSED
MLS #MDMC2006380
Silver Spring, MD 20901
10/15/21
4 Beds 2.0/0 Baths Year Built 1951
1,584 Sq. Ft. ($372 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
26
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
2010 Dayton St $564,900 CLOSED
MLS #MDMC752920
Silver Spring, MD 20902
3 Beds 2.0/0 Baths Year Built 1946
5/28/21
1,296 Sq. Ft. ($436 / sqft) Days on market: 9
Details Prop Type: Single Family Residence
Acres: 0.12 Lot Size (sqft): 5,308
Updated: Oct 20, 2021 12:58 PM
County: MONTGOMERY
Garages: 1
List Price: $564,900
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: GLENVIEW
List date: 4/13/21
Orig list price: $564,900
High: NORTHWOOD
Style: ["Colonial"]
Off-market date: 5/28/21
Taxes: $4,306
Middle: SLIGO
Basement: Connecting Stairway, Full, Fully Finished, Improved, Heated, Interior Access, Outside Entrance, Rear Entrance, Walkout Stairs, Sump Pump
Construction Materials: Brick, Brick Front, Aluminum Siding
Elementary: GLEN HAVEN
Full baths: 2.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Gas, Refrigerator, Washer, Water Heater
Below Grade Finished Area: 550
Cooling: Ceiling Fan(s), Central A/C Cooling Fuel: Electric Fencing: Rear
Below Grade Finished Area Source: Estimated
Fireplace Features: Brick, Mantel(s), Wood
Below Grade Finished Area Units: Square Feet
Fireplaces Total: 1
Heating: Central, Forced Air Heating Fuel: Natural Gas Hot Water: Natural Gas Interior Features: Ceiling Fan(s), Chair Railings, Dining Area, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Tub Shower, Upgraded Countertops, Wood Floors
Flooring: Ceramic Tile, Hardwood, Laminated, Wood Furnished: No
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
27
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Laundry Type: Basement, Dryer In Unit, Has Laundry, Lower Floor, Washer In Unit
# Of Attached Garage Spaces: 1
Levels: 3
Parking Features: Asphalt Driveway, Paved Driveway
Living Area Source: Estimated Lot Features: Front Yard, Landscaping, Rear Yard Lot Size Source: Assessor
Other Structures: Shed
Patio And Porch Features: Porch(es), Enclosed Property Condition: Very Good
Lot Size Units: Square Feet
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Sun/Florida Room, Laundry, Recreation Room, Bathroom 1, Bathroom 2, Attic
Tax Lot: 20
Special Listing Conditions: Standard Senior Community Yn: false
Window Features: Double Pane, Energy EUcient, Insulated, Replacement
Sewer: Public Sewer
Zoning: R60
Structure Type: Detached
Driveway Spaces: 2
Tax Year: 2020 Total Garage And Parking Spaces: 3 View: Garden/Lawn Water Source: Public
Remarks Beautifully updated colonial on popular Dayton Street! Freshly painted interior, newly reSnished hardwood Tooring, brand new granite countertops in the kitchen. Cozy wood burning Sreplace in the living room,. Inviting enclosed sunporch on the rear of the home leads to a spacious fenced in backyard. Unique Toorplan has two upper levels - one bedroom is on the Srst level up, bedrooms 2 & 3 and an updated full bathroom are on the second level up. Pull down stairs lead to the attic for storage. Finished basement with recessed lighting, Luxury Vinyl Tile Tooring, a full bathroom and the laundry/utility area. Walk-up to backyard from the basement. Great neighborhood less than 1 mile from the Wheaton Metro - many neighbors walk to the Metro for work! PLEASE HAVE ALL OFFERS IN TO LISTING AGENT BEFORE 10:00AM ON WEDNESDAY, APRIL 21. THANK YOU!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
28
Comparative Market Analysis
2010 Dayton St
1511 Hanby Street, Silver Spring, Maryland 20902
$564,900 CLOSED
MLS #MDMC752920
Silver Spring, MD 20902
5/28/21
3 Beds 2.0/0 Baths Year Built 1946
1,296 Sq. Ft. ($436 / sqft) Days on market: 9
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
29
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
10415 Hayes Ave $575,000 ACTIVE
MLS #MDMC2028618
Silver Spring, MD 20902
3 Beds 2.0/0 Baths Year Built 1947
1/6/22
1,054 Sq. Ft. ($546 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Style: ["Colonial"]
List date: 1/6/22
Orig list price: $575,000
Full baths: 2.0 Acres: 0.15
Updated: Jan 6, 2022 4:20 AM
Taxes: $4,618
County: MONTGOMERY
Lot Size (sqft): 6,500
List Price: $575,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 500
Foundation Details: Other
Lot Size Source: Assessor
Heating: Central
Lot Size Units: Square Feet
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Estimated
Heating Fuel: Electric
Special Listing Conditions: Standard
Accessibility Features: None
Below Grade Finished Area Units: Square Feet
Subdivision: CAMERON HEIGHTS
Features
Appliances: Dishwasher, Disposal, Dryer, Freezer, Icemaker, Microwave, Oven/ Range - Gas, Refrigerator, Washer Basement: Fully Finished
Hot Water: Natural Gas
Construction Materials: Brick
Interior Features: Kitchen Galley, Kitchen - Table Space, Dining Area, Upgraded Countertops, Wood Floors
Cooling: Central A/C
Levels: 3
Cooling Fuel: Electric
Living Area Source: Estimated
Fireplaces Total: 1
Senior Community Yn: false Sewer: Public Sewer Structure Type: Detached Tax Lot: 9 Tax Year: 2021 Water Source: Public Zoning: R60
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
30
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Remarks Welcome home to this stunning 3 bedroom/2 full bath home with updates galore! The charm and character of this home will wow you, with beautifully maintained hardwood Tooring, updated Sreplace (2018) to enjoy winter nights and worry free living with the newer roof (2018). 3 bedrooms on the upper level, each with upgraded lighting and window treatments that can convey! The lower level is newly Snished with a luxury spacious bath, a Texible recreation room/den or oUce space and separate laundry. You'll have the ability to enjoy your entire property with outside living on the large deck, porch chairs convey; and enjoy the privacy with the fully fenced back yard!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
31
Comparative Market Analysis
10415 Hayes Ave
1511 Hanby Street, Silver Spring, Maryland 20902
$575,000 ACTIVE
MLS #MDMC2028618
Silver Spring, MD 20902
1/6/22
3 Beds 2.0/0 Baths Year Built 1947
1,054 Sq. Ft. ($546 / sqft) Days on market: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
32
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Comparable Property Statistics S
8 Sold Listings LOWEST
$550,000
A
AVERAGE
$572,728
HIGH
$599,900
AVG PRICE / SQFT
AVG DOM
$441
11
AVG PRICE / SQFT
AVG DOM
$546
1
1 Active Listings LOWEST
$575,000
AVERAGE
$575,000
HIGH
$575,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
34
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
Sold Property Analysis Averages
100.7%
Homes sold for an average of 100.7% of their list price.
11
Days on market
It took an average of 11 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
10705 Huntley Pl
$599,900
$599,900
100.00%
17
$390
10508 Hayes Ave
$495,000
$565,000
114.14%
6
$517
1021 Forest Glen Rd
$550,000
$550,000
100.00%
8
$446
10806 Inwood Ave
$575,000
$570,000
99.13%
18
$522
10427 Inwood Ave
$589,990
$585,000
99.15%
19
$389
1016 Stirling Rd
$550,000
$557,025
101.28%
6
$452
805 Dryden St
$560,000
$590,000
105.36%
5
$372
2010 Dayton St
$564,900
$564,900
100.00%
9
$436
$560,598
$572,728
102.16%
11
$441
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
35
Comparative Market Analysis
1511 Hanby Street, Silver Spring, Maryland 20902
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 Snished with hardwood Toors 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 Towers 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
36