______
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Eric Tanken NOVEMBER 3, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
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
4503 Woodlea Avenue, Baltimore, Maryland 21206
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
A = ACTIVE
BEDS
BATHS
SQFT
PRICE
4503 Woodlea Ave
4
2.00
1,188
-
988
$255,000
1
Subject
2
MDBA527132
S
4414 Valley View Ave
3
2.0/1.0
3
MDBA542438
S
4504 Woodlea Ave
4
2.0/0
1,155
$220,000
4
MDBA537686
S
4400 Valley View Ave
3
2.0/0
1,520
$220,000
5
MDBA532586
S
4506 Woodlea Ave
4
2.0/1.0
1,155
$232,000
6
MDBA551566
S
4411 Saint Thomas Ave
3
2.0/0
1,064
$227,000
7
MDBA2005466
A
4502 Woodlea Ave
4
1.0/0
1,188
$199,500
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3
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
4414 Valley View Ave
12/29/20
3
2.0/1.0
988
$255,000
$258
4504 Woodlea Ave
5/14/21
4
2.0/0
1,155
$220,000
$190
4400 Valley View Ave
5/19/21
3
2.0/0
1,520
$220,000
$145
4506 Woodlea Ave
2/12/21
4
2.0/1.0
1,155
$232,000
$201
4411 Saint Thomas Ave
6/25/21
3
2.0/0
1,064
$227,000
$213
1,176
$230,800
$202
Averages
A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
-
4
1.0/0
1,188
$199,500
$168
1,188
$199,500
$168
4502 Woodlea 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
4503 Woodlea Avenue, Baltimore, Maryland 21206
4414 Valley View Ave
Baltimore, MD 21206
$255,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1977
12/29/20
MLS #MDBA527132 988 Sq. Ft. ($258 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Style: ["Raised Ranch/ Rambler"]
Lot Size: 9,527
List Price: $249,900
List date: 10/9/20
Orig list price: $249,900
County: BALTIMORE CITY
Full baths: 2.0
Off-market date: 12/29/20
Taxes: $3,089
Subdivision: BALTIMORE CITY-21206
Half baths: 1.0
Updated: Dec 29, 2020 3:40 PM
School District: BALTIMORE CITY PUBLIC SCHOOLS
Basement: Other, Connecting Stairway, Fully Finished, Heated, Outside Entrance, Rear Entrance, Sump Pump, Walkout Level, Windows
Cooling: Central A/C
Property Condition: Excellent, Very Good
Below Grade Finished Area: 988
Heating Fuel: Electric
Below Grade Finished Area Source: Estimated
Levels: 2
Acres: 0.22
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: Other Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range Electric, Refrigerator, Washer, Stove
Below Grade Finished Area Units: Square Feet Construction Materials: Other
Cooling Fuel: Electric Fireplaces Total: 1 Heating: Central Hot Water: Electric Living Area Source: Estimated
Special Listing Conditions: Standard Senior Community Yn: false Sewer: Public Sewer Structure Type: Detached Tax Lot: 001 Tax Year: 2019
Lot Size Source: Assessor
Water Source: Public
Lot Size Units: Square Feet
Zoning: R-4
Main Level Bedrooms: 2
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6
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Remarks This beautiful renovation has it all! Sitting on a large corner lot, with a huge fenced back yard, new concrete paved driveway, perfect for entertaining. Brand new kitchen with stainless steel appliances, granite counters, new Toors, new bathrooms, large bedrooms on the main level, a master suite on the lower level, fully Snished basement with an additional half bath, new siding, new roof, and lots of storage. Close to shopping and restaurants. Commuters delight with easy access to Rt-1, I-695, I-895, I-95. Schedule your showing today!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
4414 Valley View Ave $255,000 CLOSED
12/29/20
4503 Woodlea Avenue, Baltimore, Maryland 21206 Baltimore, MD 21206
3 Beds 2.0/1.0 Baths Year Built 1977
MLS #MDBA527132 988 Sq. Ft. ($258 / 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
4503 Woodlea Avenue, Baltimore, Maryland 21206
4504 Woodlea Ave $220,000 CLOSED
MLS #MDBA542438
Baltimore, MD 21206
4 Beds 2.0/0 Baths Year Built 1940
5/14/21
1,155 Sq. Ft. ($190 / sqft) Days on market: 16
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 5/17/21
Taxes: $3,714
Acres: 0.11
County: BALTIMORE CITY
Lot Size: 4,796
Updated: May 17, 2021 3:09 PM
School District: BALTIMORE CITY PUBLIC SCHOOLS
Subdivision: GARDENVILLE
List date: 3/10/21
List Price: $220,000
Style: ["Bungalow"]
Orig list price: $215,000
Features Above Grade Finished Area Source: Assessor
Basement: Fully Finished, Rear Entrance, Walkout Level, Sump Pump, Connecting Stairway
Cooling Fuel: None
Below Grade Finished Area: 400
Exterior Features: Exterior Lighting
Below Grade Finished Area Source: Assessor
Flooring: Hardwood Heating: Forced Air
Association Amenities: None
Below Grade Finished Area Units: Square Feet
Association Fee Includes: None
Construction Materials: Aluminum Siding
Hot Water: Natural Gas
Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Washer, Dryer, Dishwasher, Refrigerator, Oven/Range - Gas
Cooling: Ceiling Fan(s), Central A/C
Door Features: Storm Electric: 200+ Amp Service
Ground Rent Amt: 69.0 Heating Fuel: Natural Gas
Inclusions: Built-in Microwave, Ceiling Fans (1), Clothes Dryer, Clothes Washer, Dishwasher, Refrigerator, Shades/Blinds/ Storage shed (1), Storm Door, gas range, Central Air Conditioning Interior Features: Dining Area, Wood Floors, Ceiling Fan(s), Floor Plan Traditional, Walk-in Closet(s), Pantry, Kitchen - Table Space Levels: 3
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9
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Living Area Source: Assessor
Property Condition: Excellent
Sewer: Public Sewer
Roof: Asphalt
Structure Type: Detached
Window Features: Double Pane
Lot Size Source: Assessor
Room Type: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Laundry
Tax Lot: 008
Year Built Effective: 2006
Tax Year: 2020
Zoning: R-3
Lot Size Units: Square Feet Main Level Bedrooms: 2 Other Equipment: None Other Structures: Shed Patio And Porch Features: Porch(es), Roof
Special Listing Conditions: Standard Senior Community Yn: false
Utilities: Cable TV, Multiple Phone Lines, Sewer Available, Water Available, Natural Gas Available Water Source: Public
Remarks Gorgeous detached Bungalow home for sale in the Gardenville Community. This home features new heating and air conditioning systems in addition to a new roof that was installed within three years. Property shows well and includes a built-in microwave, clothes washer and dryer, dish washer, refrigerator, gas range, and storage. On the lower level is a fully Snished family room for family enjoyment. You will Snd the Toor plan for the living room, dining room, and kitchen to be open and spacious. This home also features nice hard wood Toors, an updated electric service, a front porch, and a spacious fenced rear yard that is great for grilling and hosting private family functions. Its location is convenient in proximity to public transportation, schools, the beltway, and numerous shopping malls. Seller will accept FHA, VA, and conventional mortgage Snancing. No more than four (4) persons may be at the property at anytime. We kindly ask that the agent and potential purchasers wear masks, gloves and maintain proper social distancing.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
4504 Woodlea Ave
4503 Woodlea Avenue, Baltimore, Maryland 21206
$220,000 CLOSED
MLS #MDBA542438
Baltimore, MD 21206
5/14/21
4 Beds 2.0/0 Baths Year Built 1940
1,155 Sq. Ft. ($190 / sqft) Days on market: 16
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
4400 Valley View Ave
Baltimore, MD 21206
$220,000 CLOSED
3 Beds 2.0/0 Baths Year Built 1910
5/19/21
MLS #MDBA537686 1,520 Sq. Ft. ($145 / sqft) Days on market: 29
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 5/24/21
Taxes: $3,175
Acres: 0.29
County: BALTIMORE CITY
Lot Size: 12,524
Updated: May 24, 2021 12:02 PM
School District: BALTIMORE CITY PUBLIC SCHOOLS
Subdivision: GARDENVILLE
List date: 1/22/21
List Price: $220,000
Style: ["Other"]
Orig list price: $225,000
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Levels: 4
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Construction Materials: Other
Living Area Source: Assessor
Structure Type: Detached
Lot Size Source: Assessor
Accessibility Features: None
Cooling: Central A/C
Tax Year: 2021
Lot Size Units: Square Feet
Basement: Partially Finished
Cooling Fuel: Other
Water Source: Public
Below Grade Finished Area: 220
Heating: Forced Air
Pets Allowed: No Pet Restrictions
Zoning: R-4
Below Grade Finished Area Source: Assessor
Hot Water: Other
Heating Fuel: Other
Tax Lot: 002A
Special Listing Conditions: Standard Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Remarks Welcome to 4400 Valley View Ave! A house as charming as its street address, with hardwood Toors, stained glass detailing, an updated kitchen, wrought iron porch railing and an included security system! Come in to an entry way featuring hardwood Toors. Walk straight back to your updated kitchen, or turn left to enter your spacious living and dining area. With tall ceilings, archways, and plenty of natural light, this main living area is perfect for a family! Your laundry room, as well as a back mudroom are also off the kitchen. Downstairs is an almost fully Snished basement, with an additional full bath. This gives you extra living space that could also serve as oUce space or a playroom! Upstairs there is new carpet throughout all three bedrooms. The full bath on this level has been updates. All three bedrooms are spacious, and the master has a new ceiling fan as well. Finally, up another small Tight of stairs to the attic, where the seller Snished the space to add additional living space! Use this as a rec-room, or even another bedroom if needed! Overall this is a charming and well laid out home. Move in ready, but still with the ability to add your Snishing touches as well! Don't miss out on this one!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
4400 Valley View Ave $220,000 CLOSED
5/19/21
4503 Woodlea Avenue, Baltimore, Maryland 21206 Baltimore, MD 21206
3 Beds 2.0/0 Baths Year Built 1910
MLS #MDBA537686 1,520 Sq. Ft. ($145 / sqft) Days on market: 29
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
4506 Woodlea Ave $232,000 CLOSED
MLS #MDBA532586
Baltimore, MD 21206
4 Beds 2.0/1.0 Baths Year Built 1940
2/12/21
1,155 Sq. Ft. ($201 / sqft) Days on market: 8
Details Prop Type: Single Family Residence
Full baths: 2.0
List date: 11/23/20
Orig list price: $224,000
Half baths: 1.0
Off-market date: 2/12/21
Taxes: $2,820
County: BALTIMORE CITY
Acres: 0.11
Subdivision: GARDENVILLE
Lot Size: 4,765
Updated: Apr 6, 2021 5:01 PM
School District: BALTIMORE CITY PUBLIC SCHOOLS
Style: ["Bungalow"]
List Price: $235,000
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Levels: 2
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Construction Materials: Shingle Siding
Living Area Source: Assessor
Structure Type: Detached
Lot Size Source: Assessor
Accessibility Features: None
Cooling: Central A/C
Tax Year: 2020
Lot Size Units: Square Feet
Basement: Other
Cooling Fuel: Electric
Water Source: Public
Main Level Bedrooms: 2
Below Grade Finished Area Source: Assessor
Heating: Central
Zoning: R-3
Heating Fuel: Natural Gas
Special Listing Conditions: Standard
Hot Water: Natural Gas
Senior Community Yn: false
Tax Lot: 009
Remarks Come see this NEWLY renovated 4 bedroom 3 bath home! The open design perfectly blends modern design with
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
functional living space. The kitchen features stainless steel appliances and Sxtures. Entertaining is a breeze inside or out on your large deck over looking your huge fenced back yard. Enjoy the privacy of your beautiful Master Suite with en-suite and walk-in closet. The fully Snished basement adds additional sqft of living space with a forth bedroom and half bathroom. ReSnished original hardwood Toors, new carpet, and updates throughout will make this one you don't want to miss.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
4506 Woodlea Ave
4503 Woodlea Avenue, Baltimore, Maryland 21206
$232,000 CLOSED
MLS #MDBA532586
Baltimore, MD 21206
2/12/21
4 Beds 2.0/1.0 Baths Year Built 1940
1,155 Sq. Ft. ($201 / sqft) Days on market: 8
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
4411 Saint Thomas Ave $227,000 CLOSED
Baltimore, MD 21206
3 Beds 2.0/0 Baths Year Built 1929
6/25/21
MLS #MDBA551566 1,064 Sq. Ft. ($213 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 6/28/21
Taxes: $2,950
Acres: 0.13
County: BALTIMORE CITY
Lot Size: 5,711
Updated: Jul 15, 2021 7:49 PM
School District: BALTIMORE CITY PUBLIC SCHOOLS
Subdivision: FRANKFORD
List date: 5/21/21
List Price: $219,990
Style: ["Traditional"]
Orig list price: $219,990
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Accessibility Features: None
Construction Materials: Brick, Combination
Appliances: Dishwasher, Refrigerator, Built-In Microwave, Oven/Range Gas, Stainless Steel Appliances, Washer, Water Heater, Dryer Below Grade Finished Area: 948
Interior Features: Attic, Entry Level Bedroom, Kitchen - EatIn, Upgraded Countertops, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Tub Shower, Stall Shower
Main Level Bedrooms: 2
Cooling Fuel: Electric
Laundry Type: Lower Floor, Has Laundry
Sewer: Public Septic, Public Sewer
Flooring: Carpet, Vinyl
Levels: 3
Structure Type: Detached
Heating: Central
Tax Lot: 015
Heating Fuel: Electric
Living Area Source: Assessor
Hot Water: Electric
Lot Size Source: Assessor
Water Source: Public
Lot Size Units: Square Feet
Zoning: R-3
Cooling: Central A/C
Property Condition: Excellent, Very Good Special Listing Conditions: Standard Senior Community Yn: false
Tax Year: 2021
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Remarks This charming bungalow home in the Frankford Community welcomes you. The open Toor plan is bright and airy. The living room is a great place to rest and relax, watching your binge worthy tv shows. Prepare your favorite meal in the kitchen complete with stainless steel appliances, granite countertops, ample cabinets and custom tile backsplash. Rest well in the spacious primary bedroom with a large closet space. The bathrooms are Snished with modern vanities and tilework. The Snished basement is perfect for a recreation area. The back yard is great for summer BBQs and summer entertainment.This could be your very own dream come true. Schedule your showing today!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
4411 Saint Thomas Ave $227,000 CLOSED
6/25/21
4503 Woodlea Avenue, Baltimore, Maryland 21206 Baltimore, MD 21206
3 Beds 2.0/0 Baths Year Built 1929
MLS #MDBA551566 1,064 Sq. Ft. ($213 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
4502 Woodlea Ave $199,500 ACTIVE
MLS #MDBA2005466
Baltimore, MD 21206
4 Beds 1.0/0 Baths Year Built 1940
8/9/21
1,188 Sq. Ft. ($168 / sqft) Days on market: 57
Details Prop Type: Single Family Residence
Full baths: 1.0 Acres: 0.13
Updated: Oct 4, 2021 10:40 AM
County: BALTIMORE CITY
Lot Size: 5,776
List Price: $199,500
Subdivision: GARDENVILLE
List date: 8/9/21
Orig list price: $209,500
Style: ["Bungalow"]
School District: BALTIMORE CITY PUBLIC SCHOOLS
Taxes: $2,655
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Furnished: No Heating: Forced Air
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Heating Fuel: Natural Gas
Lot Size Source: Assessor
Construction Materials: Asbestos, Vinyl Siding
Hot Water: Natural Gas
Lot Size Units: Square Feet
Accessibility Features: None
Inclusions: Refrigerator, stove, stove fan, dishwasher, washer, dryer (all as-is condidtion)
Main Level Bedrooms: 2
Appliances: Dishwasher, Disposal, Dryer, Oven/Range Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater Basement: Side Entrance, Daylight, Partial, Full, Improved
Cooling: Central A/C Cooling Fuel: Natural Gas Direction Faces: South Electric: 100 Amp Service Exterior Features: Exterior Lighting, Sidewalks Flooring: Hardwood, Ceramic Tile, Partially Carpeted
Interior Features: Dining Area, Built-Ins, Upgraded Countertops Laundry Type: Lower Floor
Patio And Porch Features: Deck(s), Porch(es) Property Condition: Very Good Road Responsibility: City/ County Roof: Asphalt
Levels: 2
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
21
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Other
Senior Community Yn: false
Special Listing Conditions: Standard
Tax Year: 2021
Sewer: Public Sewer Structure Type: Detached Tax Lot: 007
Utilities: Natural Gas Available, Water Available, Sewer Available
Window Features: Double Hung, Screens, Storm, Double Pane
Water Source: Public
Year Built Effective: 2007 Zoning: 0R030
Remarks Hardwood Toors throughout this freshly painted home. Updated bathroom. Central A/C, Dining Room with built-ins, Lower level Snished Family Room, Large utility room w/ washer/dryer and storage. For those who prefer one Toor living, there are two bedrooms on the main Toor. Two bedrooms upstairs are divided by an adorable Sitting Room with window seat with hidden storage, Built-in bookshelves, and two large storage areas. Kitchen with maple cabinets, Granite countertops, and Stainless appliances. Front covered Trex deck & rear concrete patio.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
4502 Woodlea Ave
4503 Woodlea Avenue, Baltimore, Maryland 21206
$199,500 ACTIVE
MLS #MDBA2005466
Baltimore, MD 21206
8/9/21
4 Beds 1.0/0 Baths Year Built 1940
1,188 Sq. Ft. ($168 / sqft) Days on market: 57
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Comparable Property Statistics S
5 Sold Listings LOWEST
$220,000
A
AVERAGE
$230,800
HIGH
$255,000
AVG PRICE / SQFT
AVG DOM
$202
13
AVG PRICE / SQFT
AVG DOM
$168
57
1 Active Listings LOWEST
$199,500
AVERAGE
$199,500
HIGH
$199,500
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
25
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
Sold Property Analysis Averages
100.8%
Homes sold for an average of 100.8% of their list price.
13
Days on market
It took an average of 13 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
4414 Valley View Ave
$249,900
$255,000
102.04%
5
$258
4504 Woodlea Ave
$215,000
$220,000
102.33%
16
$190
4400 Valley View Ave
$225,000
$220,000
97.78%
29
$145
4506 Woodlea Ave
$224,000
$232,000
103.57%
8
$201
4411 Saint Thomas Ave
$219,990
$227,000
103.19%
7
$213
$226,778
$230,800
101.77%
13
$202
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
26
Comparative Market Analysis
4503 Woodlea Avenue, Baltimore, Maryland 21206
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.
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27