______
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Will Alas MARCH 10, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
8824 Welbeck Way, 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 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
2
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
P = PENDING
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
8824 Welbeck Way
4
2.00
1,254
-
1
Subject
2
MDMC2011666
S
8863 Welbeck Way
3
2.0/1.0
1,254
$305,000
3
MDMC2010360
S
8808 Welbeck Way
3
2.0/1.0
1,254
$285,000
4
MDMC752524
P
20141 Welbeck Ter
3
2.0/1.0
1,358
$329,999
5
MDMC2026184
P
8717 Welbeck
3
2.0/1.0
1,310
$295,000
6
MDMC2041302
A
8829 Welbeck Way
3
2.0/1.0
1,254
$339,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
8863 Welbeck Way
11/9/21
3
2.0/1.0
1,254
$305,000
$243
8808 Welbeck Way
9/17/21
3
2.0/1.0
1,254
$285,000
$227
1,254
$295,000
$235
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
20141 Welbeck Ter
-
3
2.0/1.0
1,358
$329,999
$243
8717 Welbeck
-
3
2.0/1.0
1,310
$295,000
$225
1,334
$312,499
$234
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
3
2.0/1.0
1,254
$339,000
$270
1,254
$339,000
$270
8829 Welbeck Way
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
8824 Welbeck Way, Gaithersburg, Maryland 20886
8863 Welbeck Way
Montgomery Village, MD 20886
$305,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1981
11/9/21
MLS #MDMC2011666 1,254 Sq. Ft. ($243 / sqft) Days on market: 12
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.02
Updated: Nov 9, 2021 12:49 PM
County: MONTGOMERY
Lot Size (sqft): 779
List Price: $300,000
Subdivision: MCCONKEY
List date: 9/15/21
Orig list price: $300,000
Style: ["Colonial", "Loft"]
Off-market date: 11/9/21
Assoc Fee: $121
Full baths: 2.0
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $2,518
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Heating: Forced Air, Heat Pump(s)
Lot Size Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Heating Fuel: Electric
Main Level Bedrooms: 2
Hot Water: Electric
Accessibility Features: None
Construction Materials: Vinyl Siding
Interior Features: Attic, Breakfast Area, Dining Area, Floor Plan - Open, Primary Bath(s), Wet/Dry Bar, Window Treatments, Wood Floors, Ceiling Fan(s)
Other Structures: Storage Barn/Shed
Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Refrigerator, Stove, Washer, Stainless Steel Appliances Association Fee Frequency: Monthly
Cooling: Central A/C Cooling Fuel: Electric Exterior Features: Satellite Dish Flooring: Hardwood Foundation Details: Slab
Lot Size Units: Square Feet
Parking Features: Assigned Patio And Porch Features: Patio(s)
Levels: 3
Property Condition: Very Good
Living Area Source: Assessor
Room Type: Living Room, Dining Room, Kitchen
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Special Listing Conditions: Standard
Structure Type: Interior Row/ Townhouse
Virtual Tour: View
Senior Community Yn: false
Tax Lot: 49
Zoning: THD
Sewer: Public Sewer
Tax Year: 2021
Water Source: Public
Remarks This lovely townhome has it all! A spacious Uoor plan, an updated kitchen, and more all while being situated in a quiet neighborhood close to shopping and major commuter routes. Inside, enjoy cozy living spaces, gleaming hardwood Uoors, and a gourmet kitchen thats been fully appointed with stainless steel appliances and granite countertops. Take your meals al fresco to the backyard patio, the perfect area to host guests in the warmer months. You will love the convenience of having 2 bedrooms on the main level, along with one on the 3rd level, giving you endless opportunities to make the space your own.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
8863 Welbeck Way
8824 Welbeck Way, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886
$305,000 CLOSED
11/9/21
3 Beds 2.0/1.0 Baths Year Built 1981
MLS #MDMC2011666 1,254 Sq. Ft. ($243 / sqft) Days on market: 12
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
8808 Welbeck Way
Gaithersburg, MD 20886
$285,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1983
9/17/21
MLS #MDMC2010360 1,254 Sq. Ft. ($227 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 9/21/21
Assoc Fee: $297
Half baths: 1.0
Taxes: $2,328
County: MONTGOMERY
Acres: 0.02
Updated: Sep 21, 2021 8:55 AM
Subdivision: MCCONKEY
Lot Size (sqft): 779
List Price: $275,000
Style: ["Colonial", "Back-toBack"]
List date: 8/18/21
Orig list price: $275,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Quarterly
Cooling Fuel: Electric
Lot Size Source: Assessor
Fencing: Privacy
Lot Size Units: Square Feet
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Management, Pool(s), Recreation Facility, Common Area Maintenance
Heating: Forced Air
Parking Features: Assigned
Heating Fuel: Electric
Property Condition: Very Good
Below Grade Finished Area Source: Assessor
Interior Features: Combination Dining/Living, Floor Plan - Open
Special Listing Conditions: Standard
Laundry Type: Main Floor
Sewer: Public Sewer
Levels: 3
Structure Type: Interior Row/ Townhouse
Features
Accessibility Features: Other Appliances: Built-In Microwave, Dishwasher, Dryer, Washer, Stove Association Amenities: Community Center, Pool Outdoor, Tot Lots/ Playground
Below Grade Finished Area Units: Square Feet Construction Materials: Frame Cooling: Central A/C
Hot Water: Electric
Living Area Source: Assessor
Senior Community Yn: false
Tax Lot: 201
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Tax Year: 2021
Water Source: Public
Virtual Tour: View
Zoning: THD
Assigned Parking Space Number(S): 8808
Remarks A beautifully updated 3 bedroom, 2.5 bathroom townhouse in Gaithersburg! Relax or entertain on your front patio enclosed by a privacy fence that incudes a built in storage shed. The kitchen includes many updates including new cabinets, new granite counters, and new stainless steel appliances. Enjoy the convenience of a main Uoor laundry too! New pergo Uooring on all 3 levels. Both full baths have been updated with new vanities, toilets, Txtures and tile Uooring. The large master bedroom and bathroom are quiet and private and take up the entire 3rd level. 2 bedrooms and an additional full bath share the 2nd level. Extras include a community pool, community gym and a large community center. Very convenient location. The public bus stops near the community entrance and goes to Shady Grove metro. Nearby shopping and ample parking.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
8808 Welbeck Way
8824 Welbeck Way, Gaithersburg, Maryland 20886 Gaithersburg, MD 20886
$285,000 CLOSED
9/17/21
3 Beds 2.0/1.0 Baths Year Built 1983
MLS #MDMC2010360 1,254 Sq. Ft. ($227 / sqft) Days on market: 4
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
20141 Welbeck Ter
Gaithersburg, MD 20886
$329,999 ACTIVE UNDER CONTRACT
3 Beds 2.0/1.0 Baths Year Built 1981
2/24/22
MLS #MDMC752524 1,358 Sq. Ft. ($243 / sqft) Days on market: 11
Details Prop Type: Single Family Residence
Half baths: 1.0
List Price: $329,999
High: GAITHERSBURG
Acres: 0.02
Orig list price: $329,999
Middle: FOREST OAK
County: MONTGOMERY
Lot Size (sqft): 858
Assoc Fee: $127
Elementary: GOSHEN
Subdivision: MCCONKEY
List date: 2/24/22
Taxes: $2,486
Style: ["Back-to-Back", "Traditional"]
Updated: Mar 6, 2022 10:06 AM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Association Amenities: Common Grounds, Community Center, Pool Outdoor, Tot Lots/ Playground
Building Name : MONTGOMERY VILLAGE FOUNDATION
Heating: Heat Pump Electric BackUp
Construction Materials: Brick
Hot Water: Electric
Association Fee Frequency: Monthly
Cooling: Central A/C, Ceiling Fan(s)
Association Fee Includes: Common Area Maintenance, Management, Pool(s), Trash
Cooling Fuel: Electric
Full baths: 2.0
Features Above Grade Finished Area Units: Square Feet Accessibility Features: Level Entry - Main Appliances: Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range Electric, Water Heater, Washer, Stainless Steel Appliances, Refrigerator
Association Name: MONTGOMERY VILLAGE FOUNDATION
Flooring: Carpet, Ceramic Tile Foundation Details: Slab
Heating Fuel: Electric Levels: 3 Living Area Source: Assessor Lot Size Source: Estimated Lot Size Units: Square Feet Parking Features: Assigned Property Condition: Excellent
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Bedroom 1, Laundry, Half Bath
8824 Welbeck Way, Gaithersburg, Maryland 20886
Special Listing Conditions: Standard
Structure Type: End of Row/ Townhouse
Year Built Effective: 2012
Senior Community Yn: false
Tax Year: 2021
Sewer: Public Sewer
Virtual Tour: View
Assigned Parking Space Number(S): 141
Zoning: R042
Water Source: Public
Remarks Rush right over to see this beautiful and spacious bright colonial 3-level 3 BRs/2 BAs Brick Front in Cul-de-Sac w green space view Premium Lot / End unit TH w/patio / Perfect condition / Huge master BR and 2 spacious BRs w/walk-in closet / Convenient location, walk to bus, Goshen Crossing shopping/restaurants, ample parking / Over $75,000 thoroughly upgraded from roof to Uoor: kitchen, front brick patio; freshly painted; replacement Sliding glass door, roof, New 2nd and 3rd Uoor carpet/stainless steel appliances/kitchen faucet/disposal/granite countertop/all BA vanities/sinks/toilets / Wrap around kitchen for extra counter and cabinet space (attached Uyer for detail) / Ready for move in to your New Home / Don't miss out on this great place / See it today!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
20141 Welbeck Ter
Gaithersburg, MD 20886
$329,999 ACTIVE UNDER CONTRACT
3 Beds 2.0/1.0 Baths 2/24/22
Year Built 1981
MLS #MDMC752524 1,358 Sq. Ft. ($243 / sqft) Days on market: 11
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
8717 Welbeck $295,000 PENDING
MLS #MDMC2026184
Gaithersburg, MD 20886
3 Beds 2.0/1.0 Baths Year Built 1981
1/14/22
1,310 Sq. Ft. ($225 / sqft) Days on market: 2
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.02
Updated: Jan 15, 2022 2:17 PM
County: MONTGOMERY
Lot Size (sqft): 858
List Price: $295,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Subdivision: MCCONKEY
List date: 1/14/22
Orig list price: $295,000
High: GAITHERSBURG
Style: ["Back-to-Back"]
Off-market date: 1/15/22
Assoc Fee: $365
Middle: FOREST OAK
Taxes: $2,303
Elementary: GOSHEN
Below Grade Finished Area Source: Assessor
Foundation Details: Slab
Full baths: 2.0
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: Level Entry - Main Appliances: Dishwasher, Disposal, Exhaust Fan, Oven/ Range - Electric, Water Heater, Built-In Microwave, Washer/Dryer Stacked
Association Amenities: Bike Trail, Community Center, Jog/Walk Path, Picnic Area, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground Association Fee Frequency: Quarterly Association Fee Includes: Lawn Maintenance, Snow Removal, Pool(s), Trash Association Name: MONTGOMERY VILLAGE FOUNDATION
Below Grade Finished Area Units: Square Feet Construction Materials: Brick, Wood Siding Cooling: Central A/C, Heat Pump(s) Cooling Fuel: Electric Door Features: Storm, Sliding Glass, Six Panel Flooring: Carpet, Tile/Brick, Laminate Plank
Heating: Heat Pump(s), Central Heating Fuel: Electric Hot Water: Electric Interior Features: Upgraded Countertops, Primary Bath(s), Window Treatments, Floor Plan - Open, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Tub Shower, Walk-in Closet(s)
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
Laundry Type: Main Floor, Washer In Unit, Dryer In Unit Levels: 3 Living Area Source: Assessor Lot Size Source: Assessor Lot Size Units: Square Feet Parking Features: Assigned Patio And Porch Features: Patio(s), Enclosed
8824 Welbeck Way, Gaithersburg, Maryland 20886
Roof: Shingle
Senior Community Yn: false
Water Source: Public
Room Type: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Laundry, Primary Bathroom, Full Bath, Half Bath
Sewer: Public Sewer
Window Features: Double Pane, Vinyl Clad
Tax Lot: 115
Parking Lot Spaces: 1
Special Listing Conditions: Standard
Tax Year: 2017
Assigned Parking Space Number(S): 8717
Security Features: Main Entrance Lock, Security System
Structure Type: End of Row/ Townhouse
Total Garage And Parking Spaces: 1
Zoning: TS
Virtual Tour: View
Remarks BEAUTIFUL BRICK COLONIAL END UNIT IN DESIRABLE COMMUTER LOCATION** LIGHT-FILLED HOME BOASTS GLEAMING FLOORS, RECENTLY UPDATED KITCHEN & BATHS W/ GRANITE COUNTERS & NICE APPLIANCES, BACKSPLASH & CABINETS** GUEST PARKING** STEP OUT TO PRIVATE PATIO & CLOSE WALK TO TOT LOTS, TRAILS, SHOPS & LAKE MARION POOL** ACCESS TO ALL MV POOLS** CLOSE TO MOCO TRAINING ACADEMY, ICC, 270, 355, SHADY GROVE METRO! SEE VIDEO TOUR!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
8717 Welbeck
8824 Welbeck Way, Gaithersburg, Maryland 20886
$295,000 PENDING
MLS #MDMC2026184
Gaithersburg, MD 20886
1/14/22
3 Beds 2.0/1.0 Baths Year Built 1981
1,310 Sq. Ft. ($225 / sqft) Days on market: 2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
8829 Welbeck Way
Montgomery Village, MD 20886
$339,000 ACTIVE
3 Beds 2.0/1.0 Baths Year Built 1981
3/10/22
MLS #MDMC2041302 1,254 Sq. Ft. ($270 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Mar 10, 2022 8:11 AM
County: MONTGOMERY
Lot Size (sqft):
List Price: $339,000
Subdivision: MCCONKEY
List date: 3/10/22
Orig list price: $339,000
Style: ["Colonial"]
Taxes: $2,500 School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Assoc Fee: $350
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Heating Fuel: Electric
Sewer: Public Sewer
Hot Water: Electric
Above Grade Finished Area Units: Square Feet
Construction Materials: Combination
Levels: 3
Structure Type: Interior Row/ Townhouse
Accessibility Features: None
Cooling: Central A/C
Living Area Source: Assessor
Association Fee Frequency: Quarterly
Cooling Fuel: Electric
Main Level Bedrooms: 3
Foundation Details: Concrete Perimeter
Special Listing Conditions: Standard
Water Source: Public
Heating: Central
Senior Community Yn: false
Parking Lot Spaces: 1
Below Grade Finished Area Source: Assessor
Tax Year: 2022 Total Garage And Parking Spaces: 1 Zoning: R
Remarks 3 level renovated with solar panel eVciency house .come see and get it !!!!!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
8829 Welbeck Way
8824 Welbeck Way, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886
$339,000 ACTIVE
3/10/22
3 Beds 2.0/1.0 Baths Year Built 1981
MLS #MDMC2041302 1,254 Sq. Ft. ($270 / sqft) Days on market: 1
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Comparable Property Statistics S
2 Sold Listings LOWEST
$285,000
P
$295,000
HIGH
$305,000
AVG PRICE / SQFT
AVG DOM
$235
8
AVG PRICE / SQFT
AVG DOM
$234
6
AVG PRICE / SQFT
AVG DOM
$270
1
2 Active Under Contract Listings LOWEST
$295,000
A
AVERAGE
AVERAGE
$312,499
HIGH
$329,999
1 Active Listings LOWEST
$339,000
AVERAGE
$339,000
HIGH
$339,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
8824 Welbeck Way, Gaithersburg, Maryland 20886
Sold Property Analysis Averages
102.6%
Homes sold for an average of 102.6% of their list price.
8
Days on market
It took an average of 8 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
8863 Welbeck Way
$300,000
$305,000
101.67%
12
$243
8808 Welbeck Way
$275,000
$285,000
103.64%
4
$227
$287,500
$295,000
102.61%
8
$235
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
8824 Welbeck Way, 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 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
23