______
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Judy Cohen MAY 27, 2021
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
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 Selds 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
307 Prettyman Drive, Rockville, Maryland 20850
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
S = CLOSED
P = ACTIVE UNDER CONTRACT
BEDS
BATHS
SQFT
PRICE
307 Prettyman Dr
2
2.00
1,331
-
1
Subject
2
MDMC748926
S
224 Fallsgrove Blvd #1
2
2.0/1.0
1,469
$425,000
3
MDMC728080
S
233 Jay Dr #93
2
2.0/1.0
1,433
$396,000
4
MDMC751916
S
311 Prettyman Dr #81
2
2.0/1.0
1,433
$435,000
5
MDMC731538
S
219 Jay Dr #108 (D)
2
2.0/1.0
1,374
$375,000
6
MDMC755966
P
341 Fallsgrove Dr #42
2
2.0/1.0
1,449
$407,500
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
3
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Summary of Comparable Properties S
SOLD LISTINGS
ADDRESS
224 Fallsgrove Blvd #1 233 Jay Dr #93 311 Prettyman Dr #81 219 Jay Dr #108 (D)
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
4/29/21
2
2.0/1.0
1,469
$425,000
$289
11/19/20
2
2.0/1.0
1,433
$396,000
$276
5/14/21
2
2.0/1.0
1,433
$435,000
$304
11/17/20
2
2.0/1.0
1,374
$375,000
$273
1,427
$407,750
$286
Averages
P
ACTIVE UNDER CONTRACT LISTINGS
ADDRESS
341 Fallsgrove Dr #42
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
6/25/21
2
2.0/1.0
1,449
$407,500
$281
1,449
$407,500
$281
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
307 Prettyman Drive, Rockville, Maryland 20850
224 Fallsgrove Blvd #1
Rockville, MD 20850
$425,000 CLOSED
2 Beds 2.0/1.0 Baths Year Built 2002
4/29/21
MLS #MDMC748926 1,469 Sq. Ft. ($289 / sqft) Days on market: 6
Details Prop Type: Single Family Residence
Half baths: 1.0
Orig list price: $419,000
High: RICHARD MONTGOMERY
List date: 4/1/21
Taxes: $4,614
County: MONTGOMERY
Off-market date: 4/30/21
Middle: JULIUS WEST
Subdivision: FALLSGROVE Style: ["Colonial"]
Updated: Apr 30, 2021 5:13 AM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Full baths: 2.0
List Price: $419,000
Below Grade Finished Area Source: Assessor
Entry Level: 1
Elementary: RITCHIE PARK
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: Other Appliances: Built-In Microwave, Dryer, Washer, Dishwasher, Exhaust Fan, Disposal, Refrigerator, Stove, Oven - Self Cleaning, Oven Single, Oven/Range - Gas, Stainless Steel Appliances
Association Amenities: Community Center, Tennis Courts, Bike Trail, Common Grounds, Exercise Room, Jog/Walk Path, Recreational Center Association Fee 2: 260 Association Fee 2 Frequency: Monthly Association Fee Includes: Pool(s), Snow Removal, Trash, Recreation Facility
Below Grade Finished Area Units: Square Feet
Exterior Features: Exterior Lighting, Sidewalks, Street Lights
Building Name : FALLSGROVE CODM
Fireplace Features: Mantel(s)
Construction Materials: Brick, Combination, Vinyl Siding
Fireplaces Total: 1
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Door Features: Atrium, Insulated, Sliding Glass
Hot Water: Natural Gas
Flooring: Carpet, Ceramic Tile, Laminated
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
6
Comparative Market Analysis
Interior Features: Carpet, Breakfast Area, Combination Dining/Living, Dining Area, Floor Plan - Open, Formal/ Separate Dining Room, Kitchen - Eat-In, Kitchen Table Space, Recessed Lighting, Soaking Tub, Upgraded Countertops, Wainscotting, Walk-in Closet(s)
307 Prettyman Drive, Rockville, Maryland 20850
Levels: 2 Living Area Source: Assessor Lot Features: Corner, Landscaping Patio And Porch Features: Balcony, Patio(s) Property Condition: Excellent
Laundry Type: Upper Floor, Has Laundry
Room Type: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer Special Listing Conditions: Standard Security Features: Main Entrance Lock, Smoke Detector
Structure Type: End of Row/ Townhouse Tax Year: 2020 View: Garden/Lawn Virtual Tour: View Water Source: Public
Senior Community Yn: false
Window Features: Screens, Double Pane, Insulated, Vinyl Clad, Transom
Sewer: Public Sewer
Zoning: RS
Remarks Beautifully maintained townhome boasting lofty windows, light Slled interiors, and design-inspired features throughout! Gleaming Tooring; Stainless steel appliances; Upgraded countertops; Ample cabinetry; Recessed lighting; Kitchen | dining room pass-through window; Striking Sreplace with box wainscoting; Generously sized bedrooms; Primary bedroom with access to private balcony; Primary bath with soaking tub and separate shower; Bedroom level laundry; Exterior Features: Community Pool, Exercise Room, Recreation Facility, Bike Trail, Community Center, Jog | Walk Path, Party Room, Recreation Center, Balcony, Patio, Exterior Lighting, Sidewalks, Street Lights, and Landscaped Grounds. Community Amenities: Convenient commuter routes including I-495, I-270, and MD-200 provide easy access to Washington DC, Gaithersburg, Columbia, and more for a vast variety of shopping, dining, and entertainment options! Outdoor recreation awaits you at Rock Creek Regional Park and Crabbs Branch Stream Valley Park. Major updates made a fabulous kitchen with ample white cabinets, counters, stainless steel appliances and pantry, dining room, and large family room with gas Sreplace.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
7
Comparative Market Analysis
224 Fallsgrove Blvd #1 $425,000 CLOSED
4/29/21
307 Prettyman Drive, Rockville, Maryland 20850 Rockville, MD 20850
2 Beds 2.0/1.0 Baths Year Built 2002
MLS #MDMC748926 1,469 Sq. Ft. ($289 / 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
307 Prettyman Drive, Rockville, Maryland 20850
233 Jay Dr #93 $396,000 CLOSED
MLS #MDMC728080
Rockville, MD 20850
2 Beds 2.0/1.0 Baths Year Built 2002
11/19/20
1,433 Sq. Ft. ($276 / sqft) Days on market: 3
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Nov 19, 2020 4:22 AM
County: MONTGOMERY
List date: 10/8/20
List Price: $395,000
Subdivision: FALLSGROVE
Off-market date: 11/19/20
Orig list price: $395,000
Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $4,485
Features Above Grade Finished Area Source: Assessor
Association Fee 2 Frequency: Monthly
Construction Materials: Brick
Special Listing Conditions: Standard
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Pool(s), Sewer, Snow Removal, Trash, Water
Cooling: Central A/C
Senior Community Yn: false
Cooling Fuel: Electric
Sewer: Public Sewer
Heating: Forced Air Heating Fuel: Natural Gas
Structure Type: Interior Row/ Townhouse
Hot Water: Electric
Tax Year: 2020
Below Grade Finished Area Source: Assessor
Levels: 2
Water Source: Public
Living Area Source: Assessor
Zoning: RS
Accessibility Features: None Association Amenities: Basketball Courts, Bike Trail, Club House, Community Center, Exercise Room, Fitness Center, Jog/Walk Path, Party Room, Pool Outdoor, Tennis Courts, Tot Lots/Playground Association Fee 2: 320
Below Grade Finished Area Units: Square Feet Building Name : FALLSGROVE CODM
Parking Features: Unassigned
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
9
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Remarks Welcome to this meticulously cared for Fallsgrove beauty. Spotless Toors enhance the main level as well as new carpet on the upper level. An large gourmet kitchen with new range is perfect for the home chef with a picture-box pass-thru connecting the kitchen and dining areas. Enjoy getting cozy by the gas Sreplace in th living area and all the extra sunlight from the large glass-paned doors leading to the rear yard. 2 owners suites provide ample space on the upper level, each complete with large walk-in closets and a stunning bathrooms with upgraded tile. New dryer. Close to all that Fallsgrove has to offer in its shopping/dining center, yet far enough away to not get caught up in the hustle and bustle.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
10
Comparative Market Analysis
233 Jay Dr #93
307 Prettyman Drive, Rockville, Maryland 20850
$396,000 CLOSED
MLS #MDMC728080
Rockville, MD 20850
11/19/20
2 Beds 2.0/1.0 Baths Year Built 2002
1,433 Sq. Ft. ($276 / sqft) Days on market: 3
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
11
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
311 Prettyman Dr #81
Rockville, MD 20850
$435,000 CLOSED
2 Beds 2.0/1.0 Baths Year Built 2002
5/14/21
MLS #MDMC751916 1,433 Sq. Ft. ($304 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: May 20, 2021 1:48 PM
County: MONTGOMERY
List date: 4/9/21
List Price: $419,900
Subdivision: FALLSGROVE
Off-market date: 5/14/21
Orig list price: $419,900
Style: ["Colonial"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $4,508
Features Above Grade Finished Area Source: Assessor
Cooling Fuel: Electric
Senior Community Yn: false
Entry Level: 1
Sewer: Public Sewer
Heating: Forced Air Heating Fuel: Natural Gas
Structure Type: Interior Row/ Townhouse
Below Grade Finished Area Units: Square Feet
Hot Water: Natural Gas
Tax Year: 2020
Levels: 2
Water Source: Public
Living Area Source: Assessor
Zoning: RS
Association Fee 2: 260
Building Name : FALLSGROVE CODM
Association Fee 2 Frequency: Monthly
Construction Materials: Brick
Main Level Bedrooms: 2
Above Grade Finished Area Units: Square Feet Accessibility Features: Other Association Amenities: Pool - Outdoor, Tot Lots/ Playground
Association Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility Below Grade Finished Area Source: Assessor
Cooling: Central A/C
Special Listing Conditions: Standard
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
12
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Remarks DON'T MISS THIS GORGEOUS light Slled TOP TO BOTTOM RENOVATED TOWNHOME/CONDO IN THE FALLGROVE COMMUNITY! This unit enters main level. This home boasts beautiful white kitchen cabinets w/under counter lighting ,glass tile backsplash and granite counters. The owners bedroom has a stunning bath with stone Toors &marble walls , quartz counters, glass enclosed shower, access to a private deck and custom built closets, The 2nd bedroom bathroom is equally as gorgeous!! Other features include: LED recessed lighting thru out, hardwood Toors (thru-out except bedrooms) Rear exit to custom stone patio with lots of parking and quiet!! So many additional upgrades have been added to this home, too many to list. Community amenities include outdoor pool, club house, party room.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
13
Comparative Market Analysis
311 Prettyman Dr #81 $435,000 CLOSED
5/14/21
307 Prettyman Drive, Rockville, Maryland 20850 Rockville, MD 20850
2 Beds 2.0/1.0 Baths Year Built 2002
MLS #MDMC751916 1,433 Sq. Ft. ($304 / 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
307 Prettyman Drive, Rockville, Maryland 20850
219 Jay Dr #108 (D)
Rockville, MD 20850
$375,000 CLOSED
2 Beds 2.0/1.0 Baths Year Built 2002
11/17/20
MLS #MDMC731538 1,374 Sq. Ft. ($273 / sqft) Days on market: 5
Details Prop Type: Single Family Residence
Full baths: 2.0 Half baths: 1.0
Updated: Nov 17, 2020 10:16 AM
County: MONTGOMERY
List date: 10/23/20
List Price: $375,000
Subdivision: FALLSGROVE
Off-market date: 11/17/20
Orig list price: $375,000
Style: ["Traditional"]
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Taxes: $4,485
Features Above Grade Finished Area Source: Assessor
Association Fee Frequency: Unknown
Construction Materials: Mixed
Above Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Recreation Facility, Pool(s)
Cooling: Central A/C, Ceiling Fan(s)
Association Name 2: Metropolis
Fireplace Features: Corner, Gas/Propane, Mantel(s)
Below Grade Finished Area Source: Assessor
Fireplaces Total: 1
Accessibility Features: None Appliances: Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Dryer Association Amenities: None Association Fee 2: 320 Association Fee 2 Frequency: Monthly
Below Grade Finished Area Units: Square Feet Building Name : FALLSGROVE CODM
Hot Water: Natural Gas
Flooring: Partially Carpeted, Hardwood, Tile/Brick
Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Dining Area, Floor Plan - Open, Kitchen Table Space, Soaking Tub, Stall Shower, Tub Shower, Upgraded Countertops, Walkin Closet(s), Window Treatments, Wood Floors
Furnished: No
Laundry Type: Upper Floor
Heating: Forced Air
Levels: 2
Heating Fuel: Natural Gas
Living Area Source: Assessor
Cooling Fuel: Electric
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
15
Comparative Market Analysis
Main Level Bedrooms: 2 Pets Allowed: Cats OK, Dogs OK Property Condition: Excellent
307 Prettyman Drive, Rockville, Maryland 20850
Special Listing Conditions: Standard
Senior Community Yn: false
Tax Year: 2020
Sewer: Public Sewer
Water Source: Public
Security Features: Smoke Detector, Sprinkler System Indoor
Structure Type: End of Row/ Townhouse
Window Features: Vinyl Clad Zoning: RS
Remarks Fabulous 2 story townhome condo in the heart of Fallsgrove! This is a walk-up unit without a lobby or elevator. 2 "en suite" bedrooms have their own full bath. The primary bath is remodeled with 2 sinks and a stall shower. The second bedroom has a tub shower. Both have large walk-in closets too! The main Toor is sunny and open with crown moulding, hard Tooring, a remodeled kitchen with granite & stainless appliances including a range hood! Plus a gas Sreplace and a terrace!! The second level has both bedrooms and upstairs laundry! This is an estate sale. "As-Is" clause required. Unit door says "D", not 108.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
16
Comparative Market Analysis
219 Jay Dr #108 (D)
307 Prettyman Drive, Rockville, Maryland 20850 Rockville, MD 20850
$375,000 CLOSED
11/17/20
2 Beds 2.0/1.0 Baths Year Built 2002
MLS #MDMC731538 1,374 Sq. Ft. ($273 / sqft) Days on market: 5
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
17
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
341 Fallsgrove Dr #42
Rockville, MD 20850
$407,500 ACTIVE UNDER CONTRACT
2 Beds 2.0/1.0 Baths Year Built 2002
6/25/21
MLS #MDMC755966 1,449 Sq. Ft. ($281 / sqft) Days on market: 17
Details Prop Type: Single Family Residence
Half baths: 1.0
Taxes: $4,478
Middle: JULIUS WEST
List date: 4/30/21
Subdivision: FALLSGROVE
Updated: May 24, 2021 6:53 PM
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary: RITCHIE PARK
County: MONTGOMERY Style: ["Side-by-Side"]
List Price: $407,500
Full baths: 2.0
Orig list price: $395,000
High: RICHARD MONTGOMERY
Features Above Grade Finished Area Source: Assessor Above Grade Finished Area Units: Square Feet Accessibility Features: None Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, ENERGY STAR Clothes Washer, Energy EUcient Appliances, ENERGY STAR Refrigerator
Association Amenities: Exercise Room, Jog/Walk Path, Meeting Room, Party Room, Pool - Outdoor, Tot Lots/Playground
Association Name 2: FALLSGROVE CONDOMINIUM ASSOCIATION
Association Fee 2: 260
Below Grade Finished Area Source: Assessor
Association Fee 2 Frequency: Monthly
Below Grade Finished Area Units: Square Feet
Association Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Pool(s), Recreation Facility, Reserve Funds
Builder Name: PULTE Building Name : FALLSGROVE CONDMINIUM Community Pool Features: Heated, In Ground
Construction Materials: Brick Cooling: Central A/C Cooling Fuel: Electric Door Features: Storm, Insulated Entry Level: 1 Exterior Features: Exterior Lighting, Sidewalks, Street Lights Flooring: Hardwood Furnished: No
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
18
Comparative Market Analysis
Heating: Forced Air
307 Prettyman Drive, Rockville, Maryland 20850
Heating Fuel: Natural Gas
Lot Features: Front Yard, Landscaping, Level
Special Listing Conditions: Standard
Hot Water: Natural Gas
Main Level Bedrooms: 2
Interior Features: Bar, Combination Dining/Living, Floor Plan - Open, Recessed Lighting, Soaking Tub, Sprinkler System, Walk-in Closet(s), Window Treatments, Wood Floors
Number Of Units Total: 1
Security Features: Fire Detection System, Carbon Monoxide Detector(s), Main Entrance Lock, Monitored, Smoke Detector, Sprinkler System - Indoor
Parking Features: General Common Elements, Lighted Parking, Parking Space Conveys, Paved Parking, Unassigned
Laundry Type: Upper Floor
Pets Allowed: Cats OK, Dogs OK
Levels: 2
Property Condition: Excellent
Living Area Source: Assessor
Road Surface Type: Black Top
Utilities: Cable TV Available, Electric Available, Natural Gas Available View: Garden/Lawn, Street Virtual Tour: View Water Source: Community
Senior Community Yn: false
Window Features: Energy EUcient
Sewer: Public Sewer
Zoning: RS
Structure Type: Unit/Flat/ Apartment
Zoning Description: RESIDENTIAL
Tax Year: 2020
Remarks BACK ON THE MARKET! IMPECCABLY MAINTAINED AND STYLISH GROUND LEVEL CONDO TOWN HOME WITH NUMEROUS UPGRADES. GLEAMING HARDWOODS THROUGHOUT. HVAC REPLACED ALONG WITH WATER HEATER, NEW STAINLESS SAMSUNG APPLIANCES, NEW WASHER/DRYER, UPDATED BATHES, NEUTRAL COLOR PALETTE AND MORE. LOW MONTHLY FEE. COMMUNITY AMENITIES GALORE! COMMUNITY CENTER, OUTDOOR POOL, PLAYGROUND AND WALKING TRAILS. JUST STEPS TO RETAIL, RESTAURANTS AND GROCERY. PARKING IS PLENTIFUL IN THE REAR OF THE HOME OFF THE PATIO. MUST SEE VIRTUAL TOUR TO APPRECIATE STYLE AND CONDITION.
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
19
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
341 Fallsgrove Dr #42 $407,500 ACTIVE UNDER CONTRACT
Rockville, MD 20850
2 Beds 2.0/1.0 Baths 6/25/21
Year Built 2002
MLS #MDMC755966 1,449 Sq. Ft. ($281 / sqft) Days on market: 17
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
20
Analysis
Alex Martinez Group RE The Agency DC Metro
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Comparable Property Statistics S
4 Sold Listings LOWEST
$375,000
P
AVERAGE
$407,750
HIGH
$435,000
AVG PRICE / SQFT
AVG DOM
$286
4
AVG PRICE / SQFT
AVG DOM
$281
17
1 Active Under Contract Listings LOWEST
$407,500
AVERAGE
$407,500
HIGH
$407,500
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
22
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
Sold Property Analysis Averages
101.4%
Homes sold for an average of 101.4% of their list price.
4
Days on market
It took an average of 4 days for a home to sell.
Analysis ADDRESS
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
224 Fallsgrove Blvd #1
$419,000
$425,000
101.43%
6
$289
233 Jay Dr #93
$395,000
$396,000
100.25%
3
$276
311 Prettyman Dr #81
$419,900
$435,000
103.60%
5
$304
219 Jay Dr #108 (D)
$375,000
$375,000
100.00%
5
$273
$402,225
$407,750
101.37%
4
$286
Averages
Alex Martinez Group RE The Agency DC Metro Cell: 2402582668 Info@AlexGroupRE.com | Www.TheAgencyDC.com
23
Comparative Market Analysis
307 Prettyman Drive, Rockville, Maryland 20850
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 Snished with hardwood Toors 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 Towers 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
24