LP - CARLOS ESPINOZA

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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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

Carlos Espinoza & Gina Espinoza JUNE 8, 2021

Alex Martinez Group RE The Agency DC Metro

Comparative Market Analysis

17639 Charity Lane, 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 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

17639 Charity Lane, Germantown, Maryland 20874

Map of Comparable Listings

STATUS:

MLS #

STATUS

ADDRESS

S = CLOSED

P = PENDING

BEDS

BATHS

SQFT

PRICE

17639 Charity Ln

5

3.00

2,784

-

1

Subject

2

MDMC732868

S

17826 Cricket Hill Dr

6

5.0/1.0

4,677

$828,000

3

MDMC736862

S

17513 Charity Ln

4

3.0/1.0

3,344

$915,000

4

MDMC754942

S

13705 Charity Ct

4

3.0/1.0

2,822

$800,000

5

MDMC755290

P

17505 Charity Ln

4

3.0/1.0

2,722

$750,000

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

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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

Summary of Comparable Properties S

SOLD LISTINGS

ADDRESS

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

2/22/21

6

5.0/1.0

4,677

$828,000

$177

17513 Charity Ln

2/5/21

4

3.0/1.0

3,344

$915,000

$274

13705 Charity Ct

5/24/21

4

3.0/1.0

2,822

$800,000

$283

3,614

$847,667

$245

17826 Cricket Hill Dr

Averages

P

PENDING LISTINGS

ADDRESS

17505 Charity Ln

SOLD DATE

BEDS

BATHS

SQFT

PRICE

$/SQ.FT

6/14/21

4

3.0/1.0

2,722

$750,000

$276

2,722

$750,000

$276

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

17639 Charity Lane, Germantown, Maryland 20874

17826 Cricket Hill Dr

Germantown, MD 20874

$828,000 CLOSED

6 Beds 5.0/1.0 Baths Year Built 1995

2/22/21

MLS #MDMC732868 4,677 Sq. Ft. ($177 / sqft) Days on market: 49

Details Prop Type: Single Family Residence

Full baths: 5.0

Off-market date: 2/22/21

Taxes: $7,535

Half baths: 1.0

County: MONTGOMERY

Acres: 0.23

Updated: Feb 26, 2021 12:40 AM

Subdivision: CLOPPERS MILL WEST

Lot Size: 10,022

List Price: $850,000

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Garages: 2

Orig list price: $850,000

Style: ["Colonial", "Contemporary"]

List date: 11/22/20

Assoc Fee: $55

Above Grade Finished Area Source: Estimated

Below Grade Finished Area: 1000

Above Grade Finished Area Units: Square Feet

Below Grade Finished Area Source: Assessor

Exclusions: Basement Refrigerator, Kitchen Clock, Dining Room Chandelier Freezer in Laundry Room

Accessibility Features: Other

Below Grade Finished Area Units: Square Feet

Features

Association Fee Frequency: Monthly Association Name: CLOPPERS MILL WEST COMMUNITY ASSOCIATIO

Construction Materials: Other Cooling: Central A/C Cooling Fuel: Electric

Basement: Walkout Stairs

Exterior Features: BBQ Grill, Extensive Hardscape, Exterior Lighting, Play Area, Other Fireplaces Total: 1 Heating: Central Heating Fuel: Natural Gas Hot Water: Natural Gas

Levels: 4 Living Area Source: Estimated Lot Size Source: Assessor Lot Size Units: Square Feet # Of Attached Garage Spaces: 2 Patio And Porch Features: Patio(s), Terrace, Deck(s) Room Type: Game Room, Den, Basement, Office, Attic

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

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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

Special Listing Conditions: Standard

Spa Features: Indoor, Private

Tax Year: 2020

Structure Type: Detached

Senior Community Yn: false

Tax Lot: 5

Total Garage And Parking Spaces: 2

Sewer: Public Sewer

Zoning: R200

Water Source: Public

Remarks This home on a prominent corner lot has 4 totally upgraded and carefully finished and maintained levels, totaling 5,900 Sqft. of living enjoyment. With so many marvelous upgrades, you have to come and see it for yourself. It features an ample foyer, elegant Family Room, formal Dining Room, Great two-story Family room opening to a gorgeous Kitchen and a big office. On the second level you will find 4 bedrooms including a huge Master Suite. On the third level you will find a custom finished attic and your own personal Spa with a Steam shower. The Basement is fully finished and ready for your enjoyment. The outdoor living area boasts a built-in bar, ample eating space and your private oasis! Please come and fall in love with this home.

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

7

Comparative Market Analysis

17826 Cricket Hill Dr

17639 Charity Lane, Germantown, Maryland 20874 Germantown, MD 20874

$828,000 CLOSED

2/22/21

6 Beds 5.0/1.0 Baths Year Built 1995

MLS #MDMC732868 4,677 Sq. Ft. ($177 / sqft) Days on market: 49

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

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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

17513 Charity Ln $915,000 CLOSED

MLS #MDMC736862

Germantown, MD 20874

4 Beds 3.0/1.0 Baths Year Built 1987

2/5/21

3,344 Sq. Ft. ($274 / sqft) Days on market: 8

Details Prop Type: Single Family Residence

Half baths: 1.0 Acres: 1.91

Updated: Feb 8, 2021 4:55 AM

County: MONTGOMERY

Lot Size: 83,201

List Price: $775,000

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Subdivision: CEDAR CREEK ESTATES

Garages: 2

Orig list price: $775,000

High: NORTHWEST

List date: 12/2/20

Taxes: $8,201

Middle: KINGSVIEW

Style: ["Colonial"] Full baths: 3.0

Elementary: GREAT SENECA CREEK

Off-market date: 2/8/21

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, Stone, HardiPlank Type

Appliances: Cooktop, Oven Wall, Microwave, Refrigerator, Icemaker, Dishwasher, Disposal, Washer, Dryer, Humidifier Basement: Walkout Level, Fully Finished

Cooling: Central A/C Cooling Fuel: Electric Door Features: French, Storm, Sliding Glass

Exterior Features: Extensive Hardscape, Exterior Lighting, Flood Lights Fireplace Features: Wood, Gas/Propane Fireplaces Total: 3 Flooring: Ceramic Tile, Carpet, Wood Furnished: No Heating: Heat Pump(s) Heating Fuel: Electric Hot Water: Electric

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

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Comparative Market Analysis

Inclusions: Cooktop, Wall Oven, Microwave, Refrigerator, Ice Maker, Wine Fridge, Dishwasher, Disposal, Washer, Dryer, Alarm System, Satellite Dishes, Fireplace Screen, Gas Log, Ceiling Fans, Window Treatments, Water Softener/Conditioner, Furnace Humidifier, Hot Tub/ Spa Equipment & Cover, Pool Equipment & Cover, Garage Door Opener, Garage Door Remote/Fob, Radon Remediation System, Work Bench.

17639 Charity Lane, Germantown, Maryland 20874

Interior Features: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Crown Moldings, Dining Area, Exposed Beams, Family Room Off Kitchen, Floor Plan - Traditional, Formal/ Separate Dining Room, Kitchen - Eat-In, Kitchen Gourmet, Kitchen - Island, Kitchen - Table Space, Recessed Lighting, Soaking Tub, Upgraded Countertops, Walk-in Closet(s), WhirlPool/ HotTub, Window Treatments, Wine Storage, Wood Floors Laundry Type: Main Floor Levels: 3 Living Area Source: Assessor Lot Features: Backs to Trees, Landscaping

Lot Size Source: Assessor Lot Size Units: Square Feet

Security Features: Electric Alarm

# Of Attached Garage Spaces: 2

Senior Community Yn: false

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

Structure Type: Detached

Pool Features: In Ground

Sewer: Septic Exists Tax Lot: 26 Tax Year: 2020

Property Condition: Good

Total Garage And Parking Spaces: 2

Roof: Shingle

View: Trees/Woods

Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Office, Recreation Room, Storage Room, Bonus Room, Primary Bathroom, Full Bath, Screened Porch

Virtual Tour: View Water Source: Well Window Features: Double Pane Zoning: R200

Special Listing Conditions: Standard

Remarks This stunning estate home is situated on a picturesque 1.91 acre lot. The highlights of this home include a swimming pool, private home office, and screened in porch! In total there are 4 Bedrooms and 3.5 Bathrooms with a 2 car garage and over 3,300 square feet of living space. Enjoy beautiful hardwood flooring and custom millwork throughout the main level.

You have a large formal living room with a cozy fireplace and a formal dining room as well overlooking the backyard. The private home office has direct access to the back deck. The family room has vaulted ceilings and a floor to ceiling stone fireplace. The gourmet eat-in kitchen has been upgraded with stainless steel appliances, custom cabinetry, granite counters, and huge island with built-in cooktop. Off the kitchen is the enclosed outdoor porch perfect for indoor/outdoor living. The upper level master bedroom is truly a retreat with a sitting area, dressing area, and walk-in closet. The master bedroom ensuite bath has been renovated with a custom walk-in glass and tile shower, soaking tub, and dual sink vanity.

The lower level is fully finished with a walk-out to your backyard and swimming pool. There is also a potential 5th bedroom, additional rec room and a built in bar! This property is ideally located close to shopping and restaurants. Public transit and access to major commuter routes is only minutes away. MARC Train is less than 1 Mile! Don't forget to view the virtual tour of this home.

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

10

Comparative Market Analysis

17513 Charity Ln

17639 Charity Lane, Germantown, Maryland 20874

$915,000 CLOSED

MLS #MDMC736862

Germantown, MD 20874

2/5/21

4 Beds 3.0/1.0 Baths Year Built 1987

3,344 Sq. Ft. ($274 / sqft) Days on market: 8

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

11

Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

13705 Charity Ct $800,000 CLOSED

MLS #MDMC754942

Germantown, MD 20874

4 Beds 3.0/1.0 Baths Year Built 1984

5/24/21

2,822 Sq. Ft. ($283 / sqft) Days on market: 5

Details Prop Type: Single Family Residence

Half baths: 1.0 Acres: 0.68

Updated: May 24, 2021 12:03 PM

County: MONTGOMERY

Lot Size: 29,627

List Price: $720,000

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Subdivision: CEDAR CREEK ESTATES

Garages: 2

Orig list price: $720,000

High: NORTHWEST

List date: 4/29/21

Taxes: $6,536

Middle: KINGSVIEW

Style: ["Colonial"] Full baths: 3.0

Elementary: GREAT SENECA CREEK

Off-market date: 5/24/21

Features Above Grade Finished Area Source: Assessor

Below Grade Finished Area Units: Square Feet

Heating Fuel: Electric

Above Grade Finished Area Units: Square Feet

Builder Model: Bennington

Levels: 3

Builder Name: Stanley Halle

Accessibility Features: None

Construction Materials: Other

Living Area Source: Assessor

Basement: Walkout Level, Fully Finished, Full Below Grade Finished Area: 700 Below Grade Finished Area Source: Assessor

Cooling: Ceiling Fan(s), Central A/C Cooling Fuel: Electric Fireplaces Total: 1 Heating: Heat Pump(s), Other

Hot Water: Electric

Lot Size Source: Assessor Lot Size Units: Square Feet # Of Attached Garage Spaces: 2 Patio And Porch Features: Deck(s), Patio(s)

Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Other, Office, Recreation Room, Storage Room, Bathroom 2, Bathroom 3, Primary Bathroom, Half Bath Special Listing Conditions: Standard Senior Community Yn: false Sewer: On Site Septic

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

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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

Structure Type: Detached

Tax Year: 2020

Virtual Tour: View

Zoning: R200

Tax Lot: 7

Total Garage And Parking Spaces: 8

Water Source: Well

Driveway Spaces: 6

Remarks Open Sunday, May 2, 1-3pm! Welcome to Cedar Creek Estates, an idyllic setting of expansive lots, located just minutes from everything! This Stanley Halle built 4 bedroom, 3.5 bath center hall Colonial is set on almost 2/3 acre backing to a stream--enjoy the privacy of this cul de sac beauty! Working from home? The main level features an office just off the foyer! Updated table space kitchen overlooks expansive yard. The adjacent family room has sliding glass doors to the deck, a cozy fireplace, and an entry from the side-load garage. Large formal dining room or second office? You choose!

Spacious living room looks out over the front yard and court. The upper level features the primary bedroom, dressing area with vanity and two generous walk-in closets, and primary bath with tub and shower. Three additional bedrooms located off the hall which looks down on the foyer below. Updated full bath with tub in hallway. The fabulous walk out basement features a wet bar with mini fridge, large recreation room with pellet stove, exit to back yard, a nook that's perfect for a workout area and a full bath with sauna! This home has been lovingly cared for and thoughtfully updated, and it's ready for you!

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

13

Comparative Market Analysis

13705 Charity Ct

17639 Charity Lane, Germantown, Maryland 20874

$800,000 CLOSED

MLS #MDMC754942

Germantown, MD 20874

5/24/21

4 Beds 3.0/1.0 Baths Year Built 1984

2,822 Sq. Ft. ($283 / sqft) Days on market: 5

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

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Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

17505 Charity Ln $750,000 PENDING

MLS #MDMC755290

Germantown, MD 20874

4 Beds 3.0/1.0 Baths Year Built 1987

6/14/21

2,722 Sq. Ft. ($276 / sqft) Days on market: 6

Details Prop Type: Single Family Residence

Half baths: 1.0 Acres: 3.9

Updated: Jun 3, 2021 11:18 PM

County: MONTGOMERY

Lot Size: 169,884

List Price: $750,000

School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Subdivision: CEDAR CREEK ESTATES

Garages: 2

Orig list price: $750,000

High: NORTHWEST

List date: 4/29/21

Taxes: $7,169

Middle: KINGSVIEW

Style: ["Colonial"] Full baths: 3.0

Elementary: GREAT SENECA CREEK

Off-market date: 5/4/21

Features Above Grade Finished Area Source: Assessor

Below Grade Finished Area: 700

Exterior Features: Extensive Hardscape, Exterior Lighting

Above Grade Finished Area Units: Square Feet

Below Grade Finished Area Source: Assessor

Fireplaces Total: 2

Accessibility Features: None

Below Grade Finished Area Units: Square Feet

Appliances: Stove, Microwave, Refrigerator, Icemaker, Dishwasher, Disposal, Washer, Dryer, Humidifier Basement: Fully Finished, Walkout Level

Flooring: Hardwood, Carpet, Ceramic Tile Furnished: No

Construction Materials: HardiPlank Type

Heating: Heat Pump(s)

Cooling: Central A/C, Ceiling Fan(s)

Hot Water: Electric

Heating Fuel: Electric

Inclusions: Stove/Range, Microwave, Refrigerators, Ice Maker, Dishwasher, Disposer, Washer, Dryer, Fireplace Screen/Door, Ceiling Fans, Window Treatments, Furnace Humidifier, Storage Shed, Garage Door Opener, Garage Door Remote/Fob.

Cooling Fuel: Electric Door Features: Storm, French

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

15

Comparative Market Analysis

Interior Features: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/ Dining, Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Formal/ Separate Dining Room, Kitchen - Eat-In, Kitchen Table Space, Recessed Lighting, Skylight(s), Upgraded Countertops, Walkin Closet(s), Window Treatments, Wet/Dry Bar, Wood Floors Laundry Type: Main Floor

17639 Charity Lane, Germantown, Maryland 20874

Living Area Source: Assessor

Property Condition: Very Good

Senior Community Yn: false

Lot Features: Backs to Trees, Landscaping

Roof: Shingle, Asphalt

Structure Type: Detached

Room Type: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Breakfast Room, Laundry, Office, Recreation Room, Storage Room, Bonus Room, Primary Bathroom, Full Bath, Half Bath

Tax Lot: 28

Special Listing Conditions: Standard

Zoning: R200

Lot Size Source: Assessor Lot Size Units: Square Feet # Of Attached Garage Spaces: 2 Other Structures: Shed Patio And Porch Features: Deck(s), Porch(es) Pets Allowed: No Pet Restrictions

Levels: 3

Sewer: Septic Exists

Tax Year: 2021 Total Garage And Parking Spaces: 2 View: Trees/Woods Virtual Tour: View Water Source: Well Window Features: Double Pane

Remarks Welcome to 17505 Charity Lane! This stunning property is situated on a lush 3.9 acre lot. The property backs to conservation area with breathtaking views from your private deck. Your backyard is like a park! The main level features formal living and dining rooms with beautiful natural light. There is a dedicated study off the living room with views of the backyard and a cozy fireplace. The eat-in kitchen is upgraded with stainless steel appliances, granite counters, and plenty of storage space. The family room features a statement making floor to ceiling stone fireplace surrounded by custom built-in shelving. The upper level features a spacious and sunny master bedroom with vaulted ceiling including a wood beam detail and skylights. There is also a walk-in closet and a sitting room. The ensuite bath is huge with double sink vanity and soaking tub. The lower level is fully finished with a built-in bar and rec room including a walk-out to your backyard. In addition you have a full bath and bonus room or potential 5th bedroom. This home is ideally located within minutes to shopping and restaurants. Only 1 mile to the MARC train! Close to Germantown Recreational Park and SoccerPlex. Don't forget to view the virtual tour of this stunning home!

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

16

Comparative Market Analysis

17505 Charity Ln

17639 Charity Lane, Germantown, Maryland 20874

$750,000 PENDING

MLS #MDMC755290

Germantown, MD 20874

6/14/21

4 Beds 3.0/1.0 Baths Year Built 1987

2,722 Sq. Ft. ($276 / 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

17639 Charity Lane, Germantown, Maryland 20874

Comparable Property Statistics S

3 Sold Listings LOWEST

$800,000

P

AVERAGE

$847,667

HIGH

$915,000

AVG PRICE / SQFT

AVG DOM

$245

20

AVG PRICE / SQFT

AVG DOM

$276

6

1 Pending Listings LOWEST

$750,000

AVERAGE

$750,000

HIGH

$750,000

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

19

Comparative Market Analysis

17639 Charity Lane, Germantown, Maryland 20874

Sold Property Analysis Averages

108.4%

Homes sold for an average of 108.4% of their list price.

20

Days on market

It took an average of 20 days for a home to sell.

Analysis ADDRESS

ORIG LIST PRICE

SOLD PRICE

% OF ORIG LIST PRICE

DOM

$ PER SQFT

17826 Cricket Hill Dr

$850,000

$828,000

97.41%

49

$177

17513 Charity Ln

$775,000

$915,000

118.06%

8

$274

13705 Charity Ct

$720,000

$800,000

111.11%

5

$283

$781,666

$847,667

108.44%

20

$245

Averages

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

20

Comparative Market Analysis

17639 Charity Lane, 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 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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