Listing
Presentation
The Agency D.C. Metro Alex Martinez
Managing Partner, D.C. Metro ______
Cell: (240) 258.2668 Direct: (240) 292.6237 Office: (202) 888.1127 ext. 302 Alex.M@TheAgencyRE.com
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The Agency CEO
Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Mr. Lasha OCTOBER 21, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
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 fields 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
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
P = PENDING
BEDS
BATHS
SQFT
PRICE
7832 Briardale Ter
3
2.00
1,374
-
1
Subject
2
MDMC754212
S
7836 Briardale Ter
3
2.0/1.0
1,296
$400,000
3
MDMC2009132
P
7849 Briardale Ter
3
2.0/1.0
1,296
$414,999
4
MDMC2016688
P
7848 Briardale Ter
3
3.0/1.0
1,296
$399,900
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
7836 Briardale Ter
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
5/27/21
3
2.0/1.0
1,296
$400,000
$309
1,296
$400,000
$309
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
7849 Briardale Ter
11/12/21
3
2.0/1.0
1,296
$414,999
$320
7848 Briardale Ter
10/29/21
3
3.0/1.0
1,296
$399,900
$309
1,296
$407,449
$314
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
7832 Briardale Terrace, Rockville, Maryland 20855
7836 Briardale Ter $400,000 CLOSED
MLS #MDMC754212
Derwood, MD 20855
3 Beds 2.0/1.0 Baths Year Built 1973
5/27/21
1,296 Sq. Ft. ($309 / sqft) Days on market: 8
Details Prop Type: Single Family Residence
Full baths: 2.0
Off-market date: 5/28/21
Assoc Fee: $182
Half baths: 1.0 Acres: 0.05
Updated: Jun 10, 2021 5:19 PM
Taxes: $3,092
County: MONTGOMERY
Lot Size: 2,000
List Price: $375,000
List date: 4/22/21
Orig list price: $375,000
Basement: Daylight, Full, Connecting Stairway, Full, Fully Finished, Outside Entrance, Rear Entrance, Walkout Level, Interior Access
Cooling: Heat Pump(s)
Appliances: Built-In Microwave, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Dishwasher, Disposal, Dryer Front Loading, Washer - Front Loading
Below Grade Finished Area: 450
Heating: 90% Forced Air, Heat Pump(s)
Below Grade Finished Area Source: Assessor
Heating Fuel: Electric
Living Area Source: Assessor
Hot Water: 60+ Gallon Tank
Below Grade Finished Area Units: Square Feet
Lot Size Source: Assessor Lot Size Units: Square Feet
Association Fee Frequency: Semi-Annually
Construction Materials: Other
Inclusions: WARDROBE IN MASTER BEDROOM. ALL BLINDS. WASHER/ DRYER. ALL APPLIANCES. COOKER.
Subdivision: REDLAND STATION TH Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None
Cooling Fuel: Electric Entry Level: 1 Flooring: Hardwood, Carpet, Laminated
Interior Features: Dining Area, Floor Plan - Open, Kitchen - Island, Tub Shower, Stall Shower, Recessed Lighting Laundry Type: Basement Levels: 2
Property Condition: Excellent, Very Good
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Roof: Shingle
Sewer: Public Sewer
Rooms Total: 3
Structure Type: Interior Row/ Townhouse
Utilities: Electric Available, Water Available, Sewer Available
Tax Lot: 89
Water Source: Public
Tax Year: 2020
Zoning: R90
Special Listing Conditions: Standard Senior Community Yn: false
Remarks Lovely colonial updated 3 lvl townhouse in a sought after wooded quiet cul-de-sac. Less than a 5 minutes drive to Shady Grove Metro, I-270, I-370, I-200(ICC) and Rt. 355. Bus service to the metro at the front of the neighborhood. Freshly painted. New Roof. Newly finished basement with recess lighting and hardwood laminate floors. All new carpets on stairs and all carpeted areas including bedrooms. Newly renovated kitchen, including, countertop (granite), backsplash. Hard wood floors in entry way, living room and dinning room. Hardwood, hardwood laminate and carpeted floors in home. Finished walk out basement with beautiful patio and large fenced backyard that backs into wooded common area. Closed storage area in basement. Master Bedroom with 2 closet and a stand alone wardrobe plus master bathroom. All bedrooms have closets. Move in ready. Come see!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7836 Briardale Ter
7832 Briardale Terrace, Rockville, Maryland 20855
$400,000 CLOSED
MLS #MDMC754212
Derwood, MD 20855
5/27/21
3 Beds 2.0/1.0 Baths Year Built 1973
1,296 Sq. Ft. ($309 / sqft) Days on market: 8
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
7849 Briardale Ter $414,999 ACTIVE UNDER CONTRACT
MLS #MDMC2009132
Rockville, MD 20855
3 Beds 2.0/1.0 Baths Year Built 1973
11/12/21
1,296 Sq. Ft. ($320 / sqft) Days on market: 13
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Oct 15, 2021 7:10 AM
County: MONTGOMERY
Acres: 0.05
List Price: $414,999
Subdivision: REDLAND STATION
Lot Size: 2,000
Orig list price: $414,999
List date: 10/1/21
Assoc Fee: $26
Style: ["Craftsman", "Contemporary"]
Taxes: $3,168
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS High: COL. ZADOK MAGRUDER Middle: SHADY GROVE Elementary: CANDLEWOOD
Features Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Heating Fuel: Electric Hot Water: Electric
Structure Type: Interior Row/ Townhouse
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Levels: 2
Tax Lot: 39
Construction Materials: Other
Living Area Source: Assessor
Tax Year: 2020
Accessibility Features: None Association Fee Frequency: Monthly
Cooling: Central A/C
Lot Size Source: Assessor
Total Garage And Parking Spaces: 2
Lot Size Units: Square Feet
View: Trees/Woods
Basement: Fully Finished, Walkout Level
Cooling Fuel: Electric
Below Grade Finished Area: 450
Special Listing Conditions: Standard
Virtual Tour: View
Fencing: Privacy Fireplaces Total: 1
Senior Community Yn: false
Zoning: R90
Foundation Details: Block
Sewer: Public Sewer
Parking Lot Spaces: 2
Water Source: Public
Heating: Forced Air
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Remarks Welcome home to Redland Station! This three bedroom two and a half bath townhome has been beautifully updated. Enter through your front door to your main level. The kitchen is complete with stainless appliances, updated counter tops and cabinets, and tasteful backsplash. Enjoy cooking as you entertain guests in your dining area and open family room. In your family room, stay cozy with the wood burning fire place. The hardwood floors throughout the main level have been meticulously maintained. On the upper level, you will find two spacious additional bedrooms well lit with large windows and a hall full bath. The primary suite bathroom has a brand new shower and door. Natural light pours into the home with the abundant windows which have all been recently replaced. The lower level has a large finished rec room and is walkout access. From your lower level, head to your recently added large rear patio and porch. Spend your evenings enjoying your outdoor living as the rear of the home backs to woods. The lower level has a large storage space with a rough in for another full bath for a future upgrade. This home is truly move-in ready with the hard work all recently done. Newer mechanicals, all windows replaced throughout, blown-in insulation added for efficiency, and new gutters. Bring your furniture and enjoy! You'll love the location on a quiet street yet only minutes away from the Shady Grove metro, commuter routes, and all the restaurants and nightlife of the Downtown Crown and Rio. Call for your showing today!
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
7849 Briardale Ter $414,999 ACTIVE UNDER CONTRACT
MLS #MDMC2009132
Rockville, MD 20855
3 Beds 2.0/1.0 Baths 11/12/21
Year Built 1973
1,296 Sq. Ft. ($320 / sqft) Days on market: 13
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
7848 Briardale Ter $399,900 PENDING
MLS #MDMC2016688
Rockville, MD 20855
3 Beds 3.0/1.0 Baths Year Built 1973
10/29/21
1,296 Sq. Ft. ($309 / sqft) Days on market: 13
Details Prop Type: Single Family Residence
Full baths: 3.0
Off-market date: 9/28/21
Assoc Fee: $191
Half baths: 1.0 Acres: 0.05
Updated: Sep 28, 2021 10:46 AM
Taxes: $3,056
County: MONTGOMERY
Lot Size: 2,000
List Price: $399,900
List date: 9/16/21
Orig list price: $399,900
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Above Grade Finished Area Source: Assessor
Below Grade Finished Area: 600
Heating Fuel: Electric
Sewer: Public Sewer
Hot Water: Electric
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Estimated
Laundry Type: Lower Floor
Structure Type: Interior Row/ Townhouse
Below Grade Finished Area Units: Square Feet
Levels: 3
Tax Lot: 84
Accessibility Features: None
Living Area Source: Estimated
Tax Year: 2021
Subdivision: REDLAND STATION TH Style: ["Colonial"]
Features
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer Electric, Oven/Range Electric, Refrigerator, Washer Association Fee Frequency: Semi-Annually Basement: Daylight, Full
Lot Size Source: Assessor
Total Garage And Parking Spaces: 2
Cooling: Central A/C
Lot Size Units: Square Feet
Water Source: Public
Cooling Fuel: Electric
Property Condition: Excellent
Zoning: R90
Fireplaces Total: 1
Special Listing Conditions: Standard
Parking Lot Spaces: 2
Construction Materials: Other
Foundation Details: Block Heating: Forced Air
Senior Community Yn: false
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Remarks WELCOME HOME!! RARELY AVAILABLE IN QUIET WOODED CUL-DE SAC , ONE MILE TO SHADY GROVE METRO, BUS SERVICE AVAILABLE TO METRO FRONT OF NEIGHBORHOOD. CLOSE TO 270, 370 AND ICC. NEW MODERN TABLE SPACE KITCHEN FEATURING WOLF CABINETRY, NEW STAINLESS GE APPLIANCES, GRANITE COUNTERS, NEW WOOD FLOORING ON MAIN LEVEL, NEW WALL TO WALL CARPETING ON UPPER AND LOWER FLOORS, UPDATED BATHS WITH NEW TILE, VANITIES, FIXTURES, STEP DOWN LIVING ROOM WITH CORNER FIREPLACE, FINISHED LOWER LEVEL WITH FULL BATHROOM, UPDATED LIGHTING, PROFESSIONALLY LANDSCAPED,DECK IN BACK FACING WOODS. CALL JOHN FOR SHOWING. OFFERS TO BE REVIEWED BY SELLER AS RECEIVED.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7848 Briardale Ter
7832 Briardale Terrace, Rockville, Maryland 20855
$399,900 PENDING
MLS #MDMC2016688
Rockville, MD 20855
10/29/21
3 Beds 3.0/1.0 Baths Year Built 1973
1,296 Sq. Ft. ($309 / sqft) Days on market: 13
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Comparable Property Statistics S
1 Sold Listings LOWEST
$400,000
P
AVERAGE
$400,000
HIGH
$400,000
AVG PRICE / SQFT
AVG DOM
$309
8
AVG PRICE / SQFT
AVG DOM
$314
13
2 Active Under Contract Listings LOWEST
$399,900
AVERAGE
$407,449
HIGH
$414,999
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
Sold Property Analysis Averages
106.7%
Homes sold for an average of 106.7% of their list price.
8
Days on market
It took an average of 8 days for a home to sell.
Analysis ADDRESS
7836 Briardale Ter
Averages
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
$375,000
$400,000
106.67%
8
$309
$375,000
$400,000
106.67%
8
$309
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
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Comparative Market Analysis
7832 Briardale Terrace, Rockville, Maryland 20855
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 finishes Features such as outdoor kitchens and spa baths make a home more luxurious. A home finished with hardwood floors 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 flowers 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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