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Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Esther JUNE 26, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
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 Relds 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
19428 Esmond Terrace, Germantown, Maryland 20874
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
BEDS
BATHS
SQFT
PRICE
19428 Esmond Ter
3
2.00
1,232
-
1
Subject
2
MDMC750888
S
19229 Esmond Ter
3
2.0/1.0
1,232
$290,000
3
MDMC742542
S
19336 Churubusco Ln
3
2.0/1.0
1,188
$359,000
4
MDMC748632
S
19340 Churubusco Ln
3
2.0/1.0
1,628
$410,000
5
MDMC762630
P
19332 Churubusco Ln
3
2.0/1.0
1,188
$360,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
19229 Esmond Ter
4/16/21
3
2.0/1.0
1,232
$290,000
$235
19336 Churubusco Ln
3/12/21
3
2.0/1.0
1,188
$359,000
$302
19340 Churubusco Ln
5/24/21
3
2.0/1.0
1,628
$410,000
$252
1,349
$353,000
$263
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
19332 Churubusco Ln
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
7/19/21
3
2.0/1.0
1,188
$360,000
$303
1,188
$360,000
$303
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
19428 Esmond Terrace, Germantown, Maryland 20874
19229 Esmond Ter
Germantown, MD 20874
$290,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1986
4/16/21
MLS #MDMC750888 1,232 Sq. Ft. ($235 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Acres: 0.04
Orig list price: $259,900
Middle: ROBERTO W. CLEMENTE
Lot Size: 1,650
Assoc Fee: $93
County: MONTGOMERY
List date: 4/2/21
Taxes: $2,906
Subdivision: GUNNERS VIEW
Off-market date: 4/16/21
Style: ["Colonial"] Full baths: 2.0
Updated: Apr 16, 2021 11:56 AM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Half baths: 1.0
List Price: $259,900
High: SENECA VALLEY
Above Grade Finished Area Source: Assessor
Association Fee Frequency: Monthly
Below Grade Finished Area Source: Assessor
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Snow Removal, Trash, Pool(s), Management
Below Grade Finished Area Units: Square Feet Construction Materials: Vinyl Siding
Heating: Forced Air
Association Name: GUNNERS VIEW
Cooling: Central A/C, Ceiling Fan(s)
Hot Water: Electric
Basement: Walkout Level, Partially Finished
Cooling Fuel: Electric
Elementary: DR. SALLY K. RIDE
Features
Accessibility Features: None Appliances: Stove, Refrigerator, Dishwasher, Disposal, Washer, Dryer Association Amenities: Common Grounds, Swimming Pool, Tot Lots/ Playground, Jog/Walk Path
Below Grade Finished Area: 300
Door Features: Sliding Glass Exterior Features: Exterior Lighting
Fencing: Rear Flooring: Wood, Carpet, Ceramic Tile, Vinyl Furnished: No Heating Fuel: Electric Inclusions: Stove/Range, Refrigerator, Dishwasher, Disposal, Washer, Dryer, Ceiling Fans, Window Treatments.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Kitchen - EatIn, Kitchen - Table Space, Walk-in Closet(s), Window Treatments Laundry Type: Basement Levels: 3 Living Area Source: Assessor
19428 Esmond Terrace, Germantown, Maryland 20874
Lot Features: Backs to Trees, Backs - Open Common Area Lot Size Source: Assessor Lot Size Units: Square Feet Parking Features: Assigned Patio And Porch Features: Deck(s), Patio(s) Pets Allowed: No Pet Restrictions Roof: Shingle
Room Type: Living Room, Bedroom 2, Kitchen, Foyer, Bedroom 1, Recreation Room, Storage Room, Bathroom 3
Tax Lot: 134
Special Listing Conditions: Standard
Water Source: Public
Tax Year: 2020 View: Trees/Woods, Street Virtual Tour: View
Senior Community Yn: false
Window Features: Double Pane
Sewer: Public Sewer
Zoning: R60
Structure Type: Interior Row/ Townhouse
Assigned Parking Space Number(S): 33, 33
Remarks This charming townhome features 3 bedrooms and 2.5 bathrooms with over 1,800 square feet of living space. The main level features classic parquet Sooring in the foyer. The eat-in kitchen is bright with plenty of natural light. You have an open concept living and dining room with direct access to your huge back deck. The deck overlooks the trees and community common area. The upper level features 3 bedrooms and 1 bathroom. The master bedroom has a walk-in closet. The lower level is Rnished with a walk-out to your back yard. You also have a full bath and storage/laundry room. Located within minutes to I-270 and walking distance to shopping, restaurants, and public transit. 1 Mile to the MARC Train! The community features tot lots/playgrounds, jogging walking paths, and a swimming pool. This property is across the street from Waring Station Park with walking paths, basketball courts, soccer Relds, and huge playground. Don't forget to check out the virtual tour of this home!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
19229 Esmond Ter
19428 Esmond Terrace, Germantown, Maryland 20874 Germantown, MD 20874
$290,000 CLOSED
4/16/21
3 Beds 2.0/1.0 Baths Year Built 1986
MLS #MDMC750888 1,232 Sq. Ft. ($235 / sqft) Days on market: 6
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
8
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
19336 Churubusco Ln
Germantown, MD 20874
$359,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1984
3/12/21
MLS #MDMC742542 1,188 Sq. Ft. ($302 / sqft) Days on market: 7
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.05
Updated: Mar 12, 2021 1:54 PM
County: MONTGOMERY
Lot Size: 2,025
List Price: $375,000
Subdivision: GUNNERS VIEW
List date: 2/2/21
Orig list price: $349,900
Style: ["Colonial"]
Off-market date: 3/12/21
Assoc Fee: $90
Full baths: 2.0
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $2,703
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None
Basement: Other
Hot Water: Electric
Tax Lot: 65
Below Grade Finished Area Source: Assessor
Levels: 3
Tax Year: 2021
Living Area Source: Assessor
Virtual Tour: View
Lot Size Source: Assessor
Zoning: R60
Below Grade Finished Area Units: Square Feet
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove, Washer
Construction Materials: Vinyl Siding Cooling: Central A/C
Association Fee Frequency: Monthly
Special Listing Conditions: Standard
Cooling Fuel: Electric
Senior Community Yn: false
Association Name: GUNNERS VIEW HOME OWNER ASSOCIATION
Furnished: No
Sewer: Public Sewer
Heating: Central
Structure Type: End of Row/ Townhouse
Heating Fuel: Electric
Water Source: Public
Lot Size Units: Square Feet
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Remarks Thoroughly renovated to perfection, 3 bedrooms, 2.5 bath. Brand new stylish & modern kitchen with quartz courter top. New SS appliances. Renovated professional designed bathrooms. New water proof laminate Soor through the whole house. Fresh paint. New light Rxture., fully Rnished basement with oTce and 1 full bathroom. Newer energy eTciency windows and sliding doors. Private fenced backyard back with large deck. 2 assigned Parking spaces. 5 minutes driving to I270. Closed to Germantown, shopping centers, schools. offer deadline at 12pm Feb 8, 2021.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
19336 Churubusco Ln $359,000 CLOSED
3/12/21
19428 Esmond Terrace, Germantown, Maryland 20874 Germantown, MD 20874
3 Beds 2.0/1.0 Baths Year Built 1984
MLS #MDMC742542 1,188 Sq. Ft. ($302 / sqft) Days on market: 7
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
19340 Churubusco Ln
Germantown, MD 20874
$410,000 CLOSED
3 Beds 2.0/1.0 Baths Year Built 1984
5/24/21
MLS #MDMC748632 1,628 Sq. Ft. ($252 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Half baths: 1.0 Acres: 0.06
Updated: May 25, 2021 12:10 PM
County: MONTGOMERY
Lot Size: 2,400
List Price: $350,000
Subdivision: GUNNERS VIEW
List date: 4/1/21
Orig list price: $350,000
Style: ["Traditional"]
Off-market date: 5/25/21
Assoc Fee: $93
Full baths: 2.0
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $3,296
Features Above Grade Finished Area Source: Assessor
Basement: Connecting Stairway, Full, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance, Walkout Level, Windows
Construction Materials: Combination
Appliances: Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Below Grade Finished Area: 300
Fencing: Rear
Below Grade Finished Area Source: Assessor
Fireplaces Total: 1
Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
Heating: Forced Air
Levels: 3
Association Fee Frequency: Monthly
Below Grade Finished Area Units: Square Feet
Heating Fuel: Electric
Living Area Source: Assessor
Above Grade Finished Area Units: Square Feet Accessibility Features: Other
Cooling: Ceiling Fan(s), Central A/C Cooling Fuel: Electric Fireplace Features: Wood
Hot Water: Electric
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Floor Plan Traditional, Primary Bath(s), Stall Shower, Tub Shower, Upgraded Countertops, Walkin Closet(s)
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Lot Features: Backs - Open Common Area, Backs to Trees, Corner, No Thru Street, Premium, Private, Rear Yard, Secluded
Parking Features: Assigned
Sewer: Public Sewer
Virtual Tour: View
Patio And Porch Features: Deck(s), Patio(s)
Structure Type: End of Row/ Townhouse
Water Source: Public
Property Condition: Excellent
Tax Lot: 66
Lot Size Source: Assessor
Special Listing Conditions: Standard
Tax Year: 2020
Assigned Parking Space Number(S): 80
Lot Size Units: Square Feet
Senior Community Yn: false
Zoning: R60
View: Panoramic, Scenic Vista, Trees/Woods
Remarks Completely custom updated 3-level end unit 3BR/2.5BA town home! Kitchen, Soors, cabinets, appliances have all been recently updated! Beautiful entry area with seating/living space! Separate dedicated dining area and large kitchen with all the bells and whistles! Upstairs features 3 large bedrooms and 2 full bathrooms with a distinct master suite with dressing area, walk-in, and private bathroom! The basement is fully Rnished and could serve as an in-law suite! Extra storage and laundry room, with walk-out to the private fenced in patio! The true gem of this property might be the outdoor space - large deck, private lower patio, and fully fenced yard! Call today for your private showing!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
19340 Churubusco Ln $410,000 CLOSED
5/24/21
19428 Esmond Terrace, Germantown, Maryland 20874 Germantown, MD 20874
3 Beds 2.0/1.0 Baths Year Built 1984
MLS #MDMC748632 1,628 Sq. Ft. ($252 / sqft) Days on market: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
14
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
19332 Churubusco Ln
Germantown, MD 20874
$360,000 ACTIVE UNDER CONTRACT
3 Beds 2.0/1.0 Baths Year Built 1984
7/19/21
MLS #MDMC762630 1,188 Sq. Ft. ($303 / sqft) Days on market: 4
Details Prop Type: Single Family Residence
Full baths: 2.0
List date: 6/10/21
Assoc Fee: $93
Half baths: 1.0 Acres: 0.04
Updated: Jun 13, 2021 7:36 AM
Taxes: $2,738
County: MONTGOMERY
Lot Size: 1,650
List Price: $360,000
Subdivision: GUNNERS VIEW Style: ["Colonial"]
Orig list price: $360,000
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Laundry Type: Basement
Senior Community Yn: false
Levels: 3
Sewer: Public Sewer
Above Grade Finished Area Units: Square Feet
Construction Materials: Aluminum Siding
Living Area Source: Assessor
Structure Type: Interior Row/ Townhouse
Accessibility Features: None
Cooling: Central A/C
Lot Size Source: Assessor
Tax Lot: 63
Association Fee Frequency: Monthly
Cooling Fuel: Electric
Lot Size Units: Square Feet
Tax Year: 2020
Heating: Central, Heat Pump(s)
Parking Features: Assigned
Water Source: Public
Roof: Asphalt
Zoning: R60
Special Listing Conditions: Standard
Assigned Parking Space Number(S): 63, 63
Basement: Other Below Grade Finished Area Source: Assessor
Heating Fuel: Electric Hot Water: Electric
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Remarks Beautifully renovated townhome in Gunners View, Germantown. 3 bedrooms 2.5 bathrooms. Sun-Rlled. Customized open Soor plan. Brand new customized kitchen, white shaker cabinets, luxury white quartz countertops, newer stainless steel appliances. Entire house (interior & exterior) freshly painted. Brand new Sooring in living, dining, bedrooms, stairs, and basement. Upgraded bathrooms with shaker cabinets and quartz countertops. Dining room and kitchen connecting to a large patio and fenced backyard. Heating and cooling system, roof and water heater replaced in the past 4 to 5 years. Newer washer & dryer. Fully Rnished basement. Convenient location, minutes to highway 270, metro stations, and MARC train. This community offers a swimming pool and much more.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
19332 Churubusco Ln $360,000 ACTIVE UNDER CONTRACT
Germantown, MD 20874
3 Beds 2.0/1.0 Baths 7/19/21
Year Built 1984
MLS #MDMC762630 1,188 Sq. Ft. ($303 / sqft) Days on market: 4
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
19428 Esmond Terrace, Germantown, Maryland 20874
Comparable Property Statistics S
3 Sold Listings LOWEST
$290,000
P
AVERAGE
$353,000
HIGH
$410,000
AVG PRICE / SQFT
AVG DOM
$263
5
AVG PRICE / SQFT
AVG DOM
$303
4
1 Active Under Contract Listings LOWEST
$360,000
AVERAGE
$360,000
HIGH
$360,000
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
Sold Property Analysis Averages
107.5%
Homes sold for an average of 107.5% of their list price.
5
Days on market
It took an average of 5 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
19229 Esmond Ter
$259,900
$290,000
111.58%
6
$235
19336 Churubusco Ln
$349,900
$359,000
102.60%
7
$302
19340 Churubusco Ln
$350,000
$410,000
117.14%
3
$252
$319,933
$353,000
110.34%
5
$263
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Comparative Market Analysis
19428 Esmond Terrace, Germantown, Maryland 20874
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 Rnished with hardwood Soors 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 Sowers 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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