LP: 19509 Gallatin Ct, Montgomery Village, MD 20886

______

Comparative Market Analysis

19509 Gallatin Court, Gaithersburg, Maryland 20886

James Shilling MAY 17, 2021

Alex Martinez Group RE The Agency DC Metro

Comparative Market Analysis

19509 Gallatin Court, 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

19509 Gallatin Court, Gaithersburg, Maryland 20886

Map of Comparable Listings

STATUS:

MLS #

STATUS

ADDRESS

S = CLOSED

BEDS

BATHS

SQFT

PRICE

19509 Gallatin Ct

3

2.00

1,404

-

1

Subject

2

MDMC727906

S

19404 Faber Ct

4

3.0/0

1,434

$476,000

3

MDMC741804

S

10625 Wayridge Dr

5

2.0/1.0

2,257

$472,000

4

MDMC746328

S

10617 Seneca Spring Way

4

2.0/1.0

2,390

$490,000

5

MDMC740866

S

19201 Seneca Ridge Ct

3

2.0/1.0

2,390

$477,000

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

3

Comparative Market Analysis

19509 Gallatin Court, Gaithersburg, Maryland 20886

Summary of Comparable Properties S

SOLD LISTINGS

ADDRESS

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

19404 Faber Ct

11/23/20

4

3.0/0

1,434

$476,000

$332

3/8/21

5

2.0/1.0

2,257

$472,000

$209

4/27/21

4

2.0/1.0

2,390

$490,000

$205

3/1/21

3

2.0/1.0

2,390

$477,000

$200

2,117

$478,750

$236

10625 Wayridge Dr 10617 Seneca Spring Way 19201 Seneca Ridge Ct

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

19509 Gallatin Court, Gaithersburg, Maryland 20886

19404 Faber Ct $476,000 CLOSED

MLS #MDMC727906

Montgomery Village, MD 20886

4 Beds 3.0/0 Baths Year Built 1972

11/23/20

1,434 Sq. Ft. ($332 / sqft) Days on market: 5

Details Prop Type: Single Family Residence

Lot Size: 10,680.0

Orig list price: $439,934

Garages: 2

Assoc Fee: $370

Middle: MONTGOMERY VILLAGE

County: MONTGOMERY

List date: 10/8/20

Taxes: $4,432

Elementary: STEDWICK

Subdivision: STEDWICK

Off-market date: 11/24/20

Style: ["Contemporary"] Full baths: 3.0

Updated: Apr 6, 2021 5:15 PM

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Acres: 0.25

List Price: $439,934

High: WATKINS MILL

Association Amenities: Baseball Field, Basketball Courts, Common Grounds, Community Center, Jog/Walk Path, Lake, Non-Lake Recreational Area, Pier/Dock, Pool - Outdoor, Soccer Field, Tennis Courts, Tot Lots/ Playground

Association Fee Includes: Common Area Maintenance, Snow Removal, Trash

Below Grade Finished Area: 600

Cooling Fuel: Electric

Association Fee Frequency: Quarterly

Below Grade Finished Area Source: Assessor

Fireplace Features: Wood

Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range Electric, Refrigerator, Washer

Basement: Connecting Stairway, Side Entrance, Walkout Level

Below Grade Finished Area Units: Square Feet

Community Pool Features: Concrete, In Ground Construction Materials: Other Cooling: Central A/C, Ceiling Fan(s) Fencing: Split Rail Fireplaces Total: 1 Furnished: No

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

6

Comparative Market Analysis

Heating: Forced Air Heating Fuel: Natural Gas Hot Water: Natural Gas Interior Features: Attic, Ceiling Fan(s), Dining Area, Kitchen - Table Space, Recessed Lighting, Window Treatments Laundry Type: Basement

19509 Gallatin Court, Gaithersburg, Maryland 20886

Living Area Source: Assessor

Parking Features: Asphalt Driveway

Sewer: Public Sewer

Lot Features: Backs - Open Common Area, Level, Rear Yard

Road Surface Type: Black Top

Tax Lot: 702

Lot Size Units: Square Feet

Room Type: Living Room, Dining Room, Kitchen, Recreation Room

Total Garage And Parking Spaces: 2

# Of Attached Garage Spaces: 2

Special Listing Conditions: Standard

Virtual Tour: View

Senior Community Yn: false

Zoning: R90

Lot Size Source: Assessor

Levels: 3

Structure Type: Detached Tax Year: 2020

Water Source: Public

Remarks Enjoy this spacious home with 4 bedrooms and 3 full baths, situated at the end of a quiet cul-de-sac. The primary bedroom features 2 separate sitting areas, a walk-in closet, and a private en-suite bath. The large living room has vaulted ceilings, wood Uoors (replaced within the last year) and a wood burning Treplace for ultimate comfort. Enjoy meal prep in the updated kitchen complete with 42 cabinets, granite counters, and stainless-steel appliances. Relax in the fully Tnished walk-out family room but be sure to take note of the full bathroom and 4th bedroom that can be used for a variety of purposes including oVce, den, library, bedroom and more. There are 3 new patio doors and replacement windows throughout, with extended sills on most of the windows. On the outside, smoothly pull into your garage via a newly paved driveway. Spend time with friends and family on the updated and extended rear deck overlooking a beautifully landscaped yard nestled next to green space and walking paths. Combined with all of the amenities of Montgomery Village you are certain to Tnd every reason to make this house your home.

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

7

Comparative Market Analysis

19404 Faber Ct

19509 Gallatin Court, Gaithersburg, Maryland 20886

$476,000 CLOSED

MLS #MDMC727906

Montgomery Village, MD 20886

11/23/20

4 Beds 3.0/0 Baths Year Built 1972

1,434 Sq. Ft. ($332 / 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

19509 Gallatin Court, Gaithersburg, Maryland 20886

10625 Wayridge Dr

Gaithersburg, MD 20886

$472,000 CLOSED

5 Beds 2.0/1.0 Baths Year Built 1973

3/8/21

MLS #MDMC741804 2,257 Sq. Ft. ($209 / sqft) Days on market: 6

Details Prop Type: Single Family Residence

Acres: 0.2

List Price: $460,000

High: WATKINS MILL

Lot Size: 8,635.0

Orig list price: $460,000

County: MONTGOMERY

Garages: 2

Assoc Fee: $120

Middle: MONTGOMERY VILLAGE

Subdivision: STEDWICK

List date: 1/21/21

Taxes: $4,312

Elementary: STEDWICK

Style: ["Contemporary"]

Off-market date: 3/8/21

Full baths: 2.0

Updated: Apr 6, 2021 8:01 PM

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Half baths: 1.0

Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None

Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Oven Self Cleaning, Water Heater, Range Hood, Freezer, ENERGY STAR Refrigerator, Refrigerator, ENERGY STAR Dishwasher, ENERGY STAR Clothes Washer Association Fee Frequency: Monthly

Association Fee Includes: Common Area Maintenance, Reserve Funds, Snow Removal, Trash, Recreation Facility, Pool(s) Association Name: STEDWICK HOMES CORPORATION Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet

Construction Materials: Frame, Vinyl Siding, Blown-In Insulation Cooling: Heat Pump(s) Cooling Fuel: Other Direction Faces: Southwest Door Features: ENERGY STAR QualiTed Door(s) Exterior Features: Exterior Lighting Fireplace Features: Screen, Fireplace - Glass Doors

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

9

Comparative Market Analysis

19509 Gallatin Court, Gaithersburg, Maryland 20886

Fireplaces Total: 1

Levels: 2

Rooms Total: 10

Utilities: Electric Available, Water Available

Flooring: Laminated Foundation Details: Slab

Living Area Source: Assessor

Special Listing Conditions: Standard

Heating: Heat Pump - Oil BackUp

Lot Features: Backs Parkland

Senior Community Yn: false Sewer: Public Sewer

Window Features: Energy EVcient

Heating Fuel: Oil

Lot Size Source: Assessor

Structure Type: Detached

Year Built Effective: 2019

Hot Water: Electric

Lot Size Units: Square Feet

Tax Lot: 720

Zoning: R90

Interior Features: Kitchen Eat-In, Formal/Separate Dining Room, Breakfast Area, Stall Shower, Ceiling Fan(s)

Main Level Bedrooms: 5

Tax Year: 2021

Driveway Spaces: 2

# Of Attached Garage Spaces: 2

Total Garage And Parking Spaces: 4

Water Source: Public

Roof: Asphalt, Fiberglass

Remarks Spacious renovated home in The Heights on large lot with tall sycamore trees and cherry blossoms backing up to open green space. Home features tiled kitchen and entryway, stainless steel appliances and range hood, light-Tlled dining room, and updated half bathroom. Second level features four main bedrooms plus a nursery and sunroom, with newly renovated master bathroom and updated guest bathroom. Home offers access to great paths in woods, tennis courts, and neighborhood community pool. Located 1 mile from Montgomery Village Shopping Center, featuring a new Aldi grocery store as well as Lidl and Starbucks stores under construction. Within 5-minute drive to Costco Wholesale and brand-new Exit 12 on I-270. Recent home improvements include brand-new master bath, front door and new range.

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

10

Comparative Market Analysis

10625 Wayridge Dr

19509 Gallatin Court, Gaithersburg, Maryland 20886 Gaithersburg, MD 20886

$472,000 CLOSED

3/8/21

5 Beds 2.0/1.0 Baths Year Built 1973

MLS #MDMC741804 2,257 Sq. Ft. ($209 / 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

19509 Gallatin Court, Gaithersburg, Maryland 20886

10617 Seneca Spring Way $490,000 CLOSED

Montgomery Village, MD 20886

4 Beds 2.0/1.0 Baths Year Built 1971

4/27/21

MLS #MDMC746328 2,390 Sq. Ft. ($205 / sqft) Days on market: 9

Details Prop Type: Single Family Residence

Acres: 0.16

List Price: $499,500

High: WATKINS MILL

Lot Size: 6,985.0

Orig list price: $499,500

County: MONTGOMERY

Garages: 1

Assoc Fee: $375

Middle: MONTGOMERY VILLAGE

Subdivision: STEDWICK

List date: 3/11/21

Taxes: $4,635

Elementary: WATKINS MILL

Style: ["Colonial"]

Off-market date: 4/29/21

Full baths: 2.0

Updated: Apr 29, 2021 7:03 AM

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Association Amenities: Jog/ Walk Path, Tennis Courts, Fencing

Association Name: THE MONTGOMERY VILLAGE FOUNDATION

Construction Materials: Brick

Basement: Fully Finished, Daylight, Partial

Cooling Fuel: Electric

Accessibility Features: None

Association Fee Frequency: Quarterly

Appliances: Refrigerator, Washer, Dryer, Disposal, Dishwasher, Water Heater, Oven/Range - Electric, Range Hood, Icemaker, Exhaust Fan

Association Fee Includes: Management, Pool(s), Recreation Facility, Snow Removal, Trash, Reserve Funds

Below Grade Finished Area: 500

Half baths: 1.0

Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet

Below Grade Finished Area Source: Assessor Below Grade Finished Area Units: Square Feet

Cooling: Central A/C Fencing: Rear Fireplace Features: Brick, Wood Fireplaces Total: 1 Flooring: Carpet, Vinyl Heating: Central, Forced Air Heating Fuel: Natural Gas

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12

Comparative Market Analysis

Hot Water: Natural Gas Interior Features: Formal/ Separate Dining Room, Breakfast Area, Carpet, Dining Area, Family Room Off Kitchen, Floor Plan Traditional, Kitchen - Eat-In, Recessed Lighting, Soaking Tub, Wood Floors, Walk-in Closet(s), Upgraded Countertops, Tub Shower, Chair Railings

19509 Gallatin Court, Gaithersburg, Maryland 20886

Laundry Type: Main Floor, Has Laundry

Pets Allowed: No Pet Restrictions

Total Garage And Parking Spaces: 1

Levels: 3

Property Condition: Very Good

Water Source: Public Zoning: R90

Lot Size Source: Assessor

Special Listing Conditions: Standard

Lot Size Units: Square Feet

Senior Community Yn: false

# Of Attached Garage Spaces: 1

Sewer: Public Sewer

Patio And Porch Features: Deck(s), Patio(s)

Tax Lot: 640

Living Area Source: Assessor

Window Features: Sliding

Structure Type: Detached Tax Year: 2020

Remarks This meticulously-kept, all brick Colonial sits perfectly on nearly 1/4 acre lot on a quiet street lined with mature trees. The spacious Uoorplan features formal living and dining room spaces; an upgraded eat-in kitchen with ample cabinetry, granite counters and a breakfast nook; sun-Tlled family room with an exposed brick Treplace and sliding glass doors that lead to a serene backyard patio; combo mudroom & laundry room on the main level; half bath; hardwood Uoors; and recessed lighting. The upper level features 4 generously sized bedrooms; including a lovely master bedroom with a beautifully renovated spa en-suite with luxurious Txtures and free standing tub. The lower level features a Tnished basement with lots of recreation and storage space. This home comes complete with an expansive, fenced-in backyard ideal for entertaining and hosting guests and a 1-car garage. With so many features, what's not to love?! Conveniently located in Stedwick --- a suburban community featuring charming single family homes in Montgomery Village. This quiet neighborhood is a commuters dream; and is located within steps of a RideOn bus stop. Theres easy access to major commuter routes: Rockville Pike, the ICC, I-270, and I-370. For the outdoor lovers, enjoy Great Seneca State Park; located within 2.5 miles. This 6,300 acre park extends along 14 scenic miles of Seneca Creek, as it winds its way to the Potomac River. Picnicking, boat rentals, trails and a tire playground are just some of its recreational opportunities. There's over 50 miles of trails open for hiking, horseback riding and bicycling .

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

13

Comparative Market Analysis

10617 Seneca Spring Way $490,000 CLOSED

4/27/21

19509 Gallatin Court, Gaithersburg, Maryland 20886 Montgomery Village, MD 20886

4 Beds 2.0/1.0 Baths Year Built 1971

MLS #MDMC746328 2,390 Sq. Ft. ($205 / sqft) Days on market: 9

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14

Comparative Market Analysis

19509 Gallatin Court, Gaithersburg, Maryland 20886

19201 Seneca Ridge Ct

Gaithersburg, MD 20886

$477,000 CLOSED

3 Beds 2.0/1.0 Baths Year Built 1970

3/1/21

MLS #MDMC740866 2,390 Sq. Ft. ($200 / sqft) Days on market: 5

Details Prop Type: Single Family Residence

Full baths: 2.0

List date: 1/21/21

Orig list price: $475,000

Half baths: 1.0

Off-market date: 3/3/21

Assoc Fee: $375

County: MONTGOMERY

Acres: 0.21 Lot Size: 9,122.0

Updated: Apr 6, 2021 4:18 PM

Taxes: $4,663

Subdivision: STEDWICK-MV

Garages: 1

List Price: $475,000

Cooling: Central A/C

Above Grade Finished Area Units: Square Feet

Association Fee Includes: Pool(s), Trash, Snow Removal, Common Area Maintenance

Accessibility Features: None

Basement: Partially Finished

Association Amenities: Baseball Field, Basketball Courts, Bike Trail, Club House, Community Center, Lake, Tennis Courts, Other

Below Grade Finished Area: 350

Exterior Features: Stone Retaining Walls, Street Lights

Style: ["Split Level", "Colonial"]

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Features Above Grade Finished Area Source: Assessor

Association Fee Frequency: Quarterly

Cooling Fuel: Electric Electric: 200+ Amp Service

Fireplace Features: Flue for Stove, Wood

Inclusions: Clothes Dryer, Clothes Washer, Dishwasher, Exist. W/W Carpet, Fireplace Door(s), Garage Door Opener, Garage Door Opener Remotes, Refrigerator, Stove, Shades / Blinds

Fireplaces Total: 1

Interior Features: Kitchen Island

Below Grade Finished Area Units: Square Feet

Flooring: Hardwood

Laundry Type: Main Floor

Heating: Forced Air

Levels: 2

Construction Materials: Brick

Heating Fuel: Natural Gas

Living Area Source: Assessor

Below Grade Finished Area Source: Assessor

Hot Water: Natural Gas

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

15

Comparative Market Analysis

Lot Features: Cul-de-sac, Front Yard, No Thru Street, Rear Yard, SideYard(s)

19509 Gallatin Court, Gaithersburg, Maryland 20886

Property Condition: Very Good

Senior Community Yn: false Structure Type: Detached

Parking Features: Asphalt Driveway

Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement, Foyer, Laundry, Utility Room, Workshop, Bathroom 2, Primary Bathroom, Half Bath

Patio And Porch Features: Patio(s)

Special Listing Conditions: Standard

Lot Size Source: Assessor Lot Size Units: Square Feet # Of Attached Garage Spaces: 1

Sewer: Public Sewer Tax Lot: 596 Tax Year: 2021 Total Garage And Parking Spaces: 1 Virtual Tour: View Water Source: Public Zoning: R90

Remarks Welcome to this lovely single-family home located on a quiet cul-de-sac in Montgomery Village/Gaithersburg! The home features 3 bedrooms, 2.5 baths, and 2740 sq ft. Enter the home to gorgeous oak hardwood Uooring and proceed to the spacious living room with great natural lighting. Continue through the dining room and into the fantastic kitchen with abundant cabinet and counter space as well as a large central island! There is a large carpeted family room with a working wood stove on an exposed brick wall! Finishing this Uoor is a convenient half bath and adjacent spacious laundry room The laundry room opens into the one-car garage. Upstairs, is a huge primary suite, primary dressing and full bath more oak wood Uoor, and ample closet space! The remaining two bedrooms are both equally large with natural lighting, hardwood Uoors, and one with a walk-in closet! Finally is the second full bathroom. Downstairs, is a Tnished basement with additional living space (including a sink, fridge, and cabinets), a workshop, and a mechanical room with natural gas furnace and water heater! Outside, is a big concrete patio and a raised wood deck great for cookouts as well as a large fully fenced backyard that has access to a walking path. This fantastic location puts you moments away from everything you need including the Costco, Aldi, the Lake Forest Mall, new Exit 12 on I-270, Montgomery Village Swimming and Sports, and plentiful parks such as the Great Seneca Park. This home has plenty to offer. Contact us today for a showing!

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

16

Comparative Market Analysis

19201 Seneca Ridge Ct $477,000 CLOSED

3/1/21

19509 Gallatin Court, Gaithersburg, Maryland 20886 Gaithersburg, MD 20886

3 Beds 2.0/1.0 Baths Year Built 1970

MLS #MDMC740866 2,390 Sq. Ft. ($200 / sqft) Days on market: 5

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

19509 Gallatin Court, Gaithersburg, Maryland 20886

Comparable Property Statistics S

4 Sold Listings LOWEST

$472,000

AVERAGE

$478,750

HIGH

$490,000

AVG PRICE / SQFT

AVG DOM

$236

6

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

19

Comparative Market Analysis

19509 Gallatin Court, Gaithersburg, Maryland 20886

Sold Property Analysis Averages

102.2%

Homes sold for an average of 102.2% of their list price.

6

Days on market

It took an average of 6 days for a home to sell.

Analysis ADDRESS

ORIG LIST PRICE

SOLD PRICE

% OF ORIG LIST PRICE

DOM

$ PER SQFT

19404 Faber Ct

$439,934

$476,000

108.20%

5

$332

10625 Wayridge Dr

$460,000

$472,000

102.61%

6

$209

10617 Seneca Spring Way

$499,500

$490,000

98.10%

9

$205

19201 Seneca Ridge Ct

$475,000

$477,000

100.42%

5

$200

$468,608

$478,750

102.16%

6

$236

Averages

Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com

20

Comparative Market Analysis

19509 Gallatin Court, 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

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