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Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
Megan and Justin Ross MARCH 4, 2022
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
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
2438 Huntwood Court, Frederick, Maryland 21702
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = PENDING
BEDS
BATHS
SQFT
PRICE
2438 Huntwood Ct
3
3.50
1,976
-
1
Subject
2
MDFR283230
S
2415 Huntwood Ct
3
3.0/0
2,084
$330,000
3
MDFR2003896
P
2416 WynTeld Ct
3
3.0/1.0
2,064
$360,000
4
MDFR2008978
P
2491 Lakeside Dr
4
3.0/1.0
1,985
$400,000
5
MDFR2013746
P
2421 WynTeld Ct
3
2.0/1.0
2,064
$386,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
2415 Huntwood Ct
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
8/31/21
3
3.0/0
2,084
$330,000
$158
2,084
$330,000
$158
Averages
P
PENDING LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
2416 WynTeld Ct
9/27/21
3
3.0/1.0
2,064
$360,000
$174
2491 Lakeside Dr
-
4
3.0/1.0
1,985
$400,000
$202
2421 WynTeld Ct
-
3
2.0/1.0
2,064
$386,000
$187
2,037
$382,000
$188
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Listings
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
2415 Huntwood Ct $330,000 CLOSED
MLS #MDFR283230
Frederick, MD 21702
3 Beds 3.0/0 Baths Year Built 1999
8/31/21
2,084 Sq. Ft. ($158 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Acres: 0.07
County: FREDERICK Subdivision: WHITTIER POND Style: ["Other"]
Lot Size (sqft): 2,945
Updated: Aug 31, 2021 11:53 AM
School District: FREDERICK COUNTY PUBLIC SCHOOLS
Garages: 1
List Price: $339,900
High: FREDERICK
List date: 7/16/21
Orig list price: $339,900
Middle: WEST FREDERICK
Off-market date: 8/31/21
Assoc Fee: $601
Elementary: WHITTIER
Taxes: $4,259
Full baths: 3.0
Features Above Grade Finished Area Source: Assessor
Association Fee Frequency: Annually
Building Name : RIDGEVIEW II
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Snow Removal
Construction Materials: Vinyl Siding
Lot Size Source: Assessor
Cooling: Central A/C
Basement: Fully Finished, Daylight, Full, Walkout Level
Cooling Fuel: Electric
# Of Attached Garage Spaces: 1
Below Grade Finished Area Source: Assessor
Heating Fuel: Natural Gas
Accessibility Features: None Association Amenities: Baseball Field, Basketball Courts, Common Grounds, Jog/Walk Path, Lake, Pool Outdoor, Soccer Field, Tennis Courts, Tot Lots/Playground
Below Grade Finished Area Units: Square Feet
Heating: Central Hot Water: Natural Gas Levels: 3
Lot Size Units: Square Feet
Patio And Porch Features: Deck(s) Special Listing Conditions: Standard Senior Community Yn: false Sewer: Public Sewer
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
Structure Type: End of Row/ Townhouse Tax Lot: 284
2438 Huntwood Court, Frederick, Maryland 21702
Tax Year: 2020 Total Garage And Parking Spaces: 1
Virtual Tour: View, Frederick, %20MD%2021702
Zoning: PND
Water Source: Public
Remarks Fantastic end unit in sought after Whitter townhome is ready for you to move right in! You are going to love this 3 bed / 2.5 bath home with 2,000 sq ft to spread out!! Bonus bump out provides additional square footage - you won't get that in every townhome! Hardwood Uoors on the main level, granite countertops, newer stainless steel appliances, under cabinet lighting and plenty of table space in the large kitchen, in addition to a formal dining area. A big deck off the back is just waiting for your summer barbeques. Master bedroom features walk in closet, 4 piece bath including a soaking tub for relaxation. Two additional bedrooms and a second full bath round out the top level. Curl up in front of the gas Treplace in the fully Tnished walkout basement. Bathroom rough-in is ready for you to make your own FULL bath. Garage parking with an epoxy clear coated Uoor. Newly landscaped yard is fully fenced and extra large. Outstanding neighborhood amenities within walking distance: two pools, tennis courts, multiple playgrounds, walking trails, lovely lake for Tshing, walk to the neighborhood shops, restaurants, and public gym. Elementary school is located right in the neighborhood! Minutes to commuter routes and a Tve minute drive to Baker Park and downtown Frederick. Don't miss this one!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
2415 Huntwood Ct
2438 Huntwood Court, Frederick, Maryland 21702
$330,000 CLOSED
MLS #MDFR283230
Frederick, MD 21702
8/31/21
3 Beds 3.0/0 Baths Year Built 1999
2,084 Sq. Ft. ($158 / sqft) Days on market: 4
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
2416 WynTeld Ct $360,000 PENDING
MLS #MDFR2003896
Frederick, MD 21702
3 Beds 3.0/1.0 Baths Year Built 2000
9/27/21
2,064 Sq. Ft. ($174 / sqft) Days on market: 13
Details Prop Type: Single Family Residence
Full baths: 3.0
List date: 8/14/21
Orig list price: $350,000
Half baths: 1.0
Off-market date: 8/26/21
Assoc Fee: $600
County: FREDERICK
Acres: 0.04 Lot Size (sqft): 1,900
Updated: Sep 21, 2021 3:33 AM
Taxes: $4,110
Subdivision: WHITTIER POND
Garages: 1
List Price: $360,000
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
Builder Name: AUSHERMAN
Interior Features: Combination Kitchen/Dining, Window Treatments, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Open
Appliances: Disposal, Dryer, Microwave, Oven/Range Electric, Refrigerator, Washer
Construction Materials: Vinyl Siding
Association Fee Frequency: Annually
Living Area Source: Assessor
Tax Lot: 341
Cooling: Central A/C Cooling Fuel: Electric
Lot Size Source: Assessor
Basement: Walkout Level, Fully Finished
Heating: Forced Air
Lot Size Units: Square Feet
Total Garage And Parking Spaces: 1
Heating Fuel: Natural Gas
# Of Attached Garage Spaces: 1
Style: ["Colonial"]
School District: FREDERICK COUNTY PUBLIC SCHOOLS
Features
Hot Water: Natural Gas
Levels: 3
Special Listing Conditions: Standard Senior Community Yn: false Sewer: Public Sewer Structure Type: Interior Row/ Townhouse Tax Year: 2021
Virtual Tour: View Water Source: Public
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
Zoning: PND
Remarks 3 bed/3.5 bath MOVE IN READY townhome in Whittier Pond! Kitchen features stainless steel appliances, deck off kitchenperfect for entertaining with fenced in backyard, primary bedroom with large walk in closet, soaking tub with separate shower. One car garage, and walk out basement has full bathroom and cozy family room. Experience relaxing walks around the lake, jogging paths, 3 community pools, tennis courts, basketball courts, tot lots, and common areas. Minutes from Hood College, Frederick Memorial, downtown Frederick and commuter routes to Baltimore, D.C. Montgomery County, and Northern VA.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
2416 WynTeld Ct
2438 Huntwood Court, Frederick, Maryland 21702
$360,000 PENDING
MLS #MDFR2003896
Frederick, MD 21702
9/27/21
3 Beds 3.0/1.0 Baths Year Built 2000
2,064 Sq. Ft. ($174 / sqft) Days on market: 13
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
2491 Lakeside Dr $400,000 PENDING
MLS #MDFR2008978
Frederick, MD 21702
4 Beds 3.0/1.0 Baths Year Built 2001
2/5/22
1,985 Sq. Ft. ($202 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.04
Updated: Feb 21, 2022 12:40 PM
School District: FREDERICK COUNTY PUBLIC SCHOOLS
County: FREDERICK
Lot Size (sqft): 1,900
List Price: $400,000
Middle: WEST FREDERICK
Subdivision: WHITTIER POND
Garages: 1
Orig list price: $375,000
Elementary: WHITTIER
List date: 2/5/22
Assoc Fee: $50
Off-market date: 2/16/22
Taxes: $4,274
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Monthly
Below Grade Finished Area: 150
Entry Level: 1
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Management, Snow Removal
Below Grade Finished Area Source: Estimated
Exterior Features: Exterior Lighting, Gutter System, Sidewalks
Style: ["Colonial"] Full baths: 3.0
Features
Accessibility Features: 2+ Access Exits, >84" Garage Door Association Amenities: Jog/ Walk Path, Pool - Outdoor, Swimming Pool, Basketball Courts, Lake, Tennis Courts, Tot Lots/Playground
Association Name: VANGUARD MANAGEMENT ASSOCIATES, INC. Basement: Front Entrance, Garage Access, Fully Finished, Interior Access, Outside Entrance, Walkout Level, Shelving
Below Grade Finished Area Units: Square Feet
Exclusions: All personals
Fencing: Fully
Community Pool Features: Above Ground
Flooring: Laminated, Ceramic Tile, Concrete
Construction Materials: Vinyl Siding, Concrete
Foundation Details: Other
Cooling: Central A/C Cooling Fuel: Electric
Furnished: No Heating: Heat Pump(s)
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
Heating Fuel: Electric
Laundry Type: Basement
Room Type: Living Room, Dining Room, Kitchen, Foyer, Laundry, Bathroom 1, Bathroom 2, Bathroom 3, Full Bath
Total Garage And Parking Spaces: 2
Hot Water: Electric
Levels: 3
Inclusions: Storage shed and small refrigerator as is, good condition
Living Area Source: Estimated
Interior Features: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen Gourmet, Kitchen - Island, Kitchen - Table Space, Kitchenette, Soaking Tub, Sprinkler System, Upgraded Countertops, Walk-in Closet(s), Air Filter System
Lot Size Units: Square Feet
Special Listing Conditions: Standard
Water Source: Public
Main Level Bedrooms: 1
Senior Community Yn: false
# Of Attached Garage Spaces: 1
Sewer: Public Sewer
Lot Size Source: Assessor
Parking Features: Concrete Driveway Patio And Porch Features: Deck(s), Patio(s)
Utilities: Electric Available, Sewer Available, Water Available Zoning: PND Driveway Spaces: 1
Structure Type: Interior Row/ Townhouse Tax Lot: 297 Tax Year: 2021
Property Condition: Excellent
Remarks Welcome to the most desirable Whittier community! This beautiful, spacious townhome offers three Tnished levels, 3 bedrooms on the top Uoor, 3 full baths and 1 half baths in the house. Updated kitchen with A New dishwasher, New range, New granite countertops, Huge island and backsplash. Spacious master suite w/ walk in closet and master/primary bath with a soaking tub and a separate shower. 2 additional decent sized bedrooms. Open living space throughout the home. Main level has a large room with a small kitchenette and a full bath can be used as a bed room or rec room. Walk out to a nice patio and fully fenced backyard, Large deck off kitchen. Freshly painted. New HVAC with Electronic air Tlter, New Water Heater. New Sprinkler system. Gleaming laminated wood Uoors though out the house. The community features a lake, 3 pools, playgrounds, ball Telds and tot lots & much more. Perfectly located within the walking distance of shopping and great schools, easy for commuters as well. A planned unit subdivision nestled in some of the prettiest area of Frederick. This home is ready for a new owner! OFFER DEADLINE IS TUESDAY BY 5PM.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
2491 Lakeside Dr
2438 Huntwood Court, Frederick, Maryland 21702
$400,000 PENDING
MLS #MDFR2008978
Frederick, MD 21702
2/5/22
4 Beds 3.0/1.0 Baths Year Built 2001
1,985 Sq. Ft. ($202 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
2421 WynTeld Ct $386,000 PENDING
MLS #MDFR2013746
Frederick, MD 21702
3 Beds 2.0/1.0 Baths Year Built 2000
2/22/22
2,064 Sq. Ft. ($187 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.04
Updated: Feb 27, 2022 6:45 PM
School District: FREDERICK COUNTY PUBLIC SCHOOLS
County: FREDERICK
Lot Size (sqft): 1,900
List Price: $386,000
High: CALL SCHOOL BOARD
Subdivision: WHITTIER POND
Garages: 1
Orig list price: $375,000
List date: 2/22/22
Assoc Fee: $626
Middle: CALL SCHOOL BOARD
Off-market date: 2/27/22
Taxes: $4,389
Elementary: CALL SCHOOL BOARD
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Annually
Below Grade Finished Area Source: Assessor
Heating: Forced Air
Above Grade Finished Area Units: Square Feet
Association Name: WHITTIER COMMUNITY ASSOCIATION INC/ VANGUARD MANAGE
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Basement: Connecting Stairway, Front Entrance, Fully Finished, Garage Access, Interior Access, Outside Entrance, Rough Bath Plumb, Space For Rooms, Walkout Level
Cooling: Central A/C
Style: ["Contemporary"] Full baths: 2.0
Features
Accessibility Features: None Appliances: Dishwasher, Disposal, Dryer, Dryer - Gas, Exhaust Fan, Icemaker, Microwave, Oven/Range Gas, Refrigerator, Stove, Washer, Water Heater
Construction Materials: Brick Front, Vinyl Siding
Heating Fuel: Natural Gas Inclusions: kitchen countertop microwave
Cooling Fuel: Electric Exterior Features: Exterior Lighting, Sidewalks, Street Lights Foundation Details: Slab
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
Interior Features: Attic, Breakfast Area, Carpet, Ceiling Fan(s), Curved Staircase, Dining Area, Floor Plan - Open, Floor Plan Traditional, Kitchen Gourmet, Kitchen - Island, Pantry, Soaking Tub, Sprinkler System, Walk-in Closet(s) Laundry Type: Basement Levels: 3 Living Area Source: Assessor Lot Size Source: Assessor
2438 Huntwood Court, Frederick, Maryland 21702
Lot Size Units: Square Feet
Security Features: Sprinkler System - Indoor, Smoke Detector
View: Pond, Scenic Vista, Trees/Woods
Patio And Porch Features: Deck(s)
Senior Community Yn: false
Zoning: PND
Sewer: Public Sewer
Driveway Spaces: 1
Property Condition: Excellent
Structure Type: Interior Row/ Townhouse
# Of Attached Garage Spaces: 1
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Laundry, Recreation Room, Utility Room, Bathroom 1, Bathroom 2, Half Bath Special Listing Conditions: Standard
Water Source: Public
Tax Lot: 316 Tax Year: 2021 Total Garage And Parking Spaces: 2 Utilities: Natural Gas Available, Electric Available, Water Available
Remarks Welcome home to this gorgeous home in the Whittier Community and best of all ready to move in! You are going to love the bump outs in all 3 levels meaning bigger & spacious everywhere. Love to entertain family and friends? Well enjoy the sun Tlled kitchen with a eat-in kitchen island, gas stove, newer appliances and enjoy & relax all 4 seasons entertaining in your large deck which is as big as the length of the home. Main bedroom features vaulted ceilings, walk-in closet, enjoy the natural light in the sitting area, and your own private bath which includes a soaking tub! Two additional bedrooms and a full bathroom in the upper level. Basement is Tnished & walkout to the backyard, it has the rough-in for a full bathroom ready for your imagination. Enjoy the one car garage and your own private driveway plus additional parking in the parking lot. Amazing neighborhood amenities within walking distance: pools, tennis courts, multiple playgrounds, basketball courts, walking trails, lake, shops, restaurants and playing Telds. Elementary school located within walking distance, minutes driving to Baker Park and downtown Frederick. This could be your next home!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
2421 WynTeld Ct
2438 Huntwood Court, Frederick, Maryland 21702
$386,000 PENDING
MLS #MDFR2013746
Frederick, MD 21702
2/22/22
3 Beds 2.0/1.0 Baths Year Built 2000
2,064 Sq. Ft. ($187 / sqft) Days on market: 6
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
2438 Huntwood Court, Frederick, Maryland 21702
Comparable Property Statistics S
1 Sold Listings LOWEST
$330,000
P
AVERAGE
$330,000
HIGH
$330,000
AVG PRICE / SQFT
AVG DOM
$158
4
AVG PRICE / SQFT
AVG DOM
$188
8
3 Pending Listings LOWEST
$360,000
AVERAGE
$382,000
HIGH
$400,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
Sold Property Analysis Averages
97.1%
Homes sold for an average of 97.1% of their list price.
4
Days on market
It took an average of 4 days for a home to sell.
Analysis ADDRESS
2415 Huntwood Ct
Averages
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
$339,900
$330,000
97.09%
4
$158
$339,900
$330,000
97.09%
4
$158
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
2438 Huntwood Court, Frederick, Maryland 21702
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
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