Comparative Market Analysis
313 Hawks Rdg Villa Rica, GA 30180
Patterson MARCH 6, 2019
Adrian Smith • bestlittlerealtoringeorgia@gmail.com
Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Map Of Comparable Homes
STATUS:
MLS #
1
STATUS
Subject
ADDRESS
BEDS
BATHS
313 Hawks Rdg
5
A = ACTIVE
S = SOLD
SQFT
PRICE
4.00
4,329
$350,000
2 8484794
A
313 Hawks Ridge
5
4.00
4,329
$359,900
3 8410847
S
3014 Catamaran Cv
4
4.00
4,303
$379,000
4 8399104
S
5019 Cambridge Ln
5
4.00
4,672
$395,000
5 8459641
S
306 Hawks Ridge
5
4.00
"JK
$320,000
6 8504382
S
1030 Overlook Dr
5
4.00
4,863
$465,000
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Summary of Comparable Properties A
Active Listings
ADDRESS
BEDS
BATHS
YRBLT
SQFT
LOT SIZE
PRICE
SOLD DATE
5
4.00
2005
4,329
0.31
$359,900
-
BEDS
BATHS
YRBLT
SQFT
LOT SIZE
PRICE
SOLD DATE
3014 Catamaran Cv
4
4.00
1999
4,303
0.34
$379,000
10/10/18
5019 Cambridge Ln
5
4.00
2004
4,672
0.5
$395,000
11/14/18
306 Hawks Ridge
5
4.00
2005
"JK
0.36
$320,000
12/12/18
1030 Overlook Dr
5
4.00
2007
4,863
0.367
$465,000
2/21/19
SQFT
LOT SIZE
PRICE
313 Hawks Ridge
S
Sold Listings
ADDRESS
Averages
STATUS
A
Active Listings
4,329
1 $359,900
S
Sold Listings
4,585
1 $389,750
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Listings
Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
313 Hawks Ridge $359,900 ACTIVE
MLS #8484794
Villa Rica, GA 30180
5 Beds 4.00 Baths Year Built 2005
11/9/18
4,329 Sq. Ft. ($83 / sqft) Days on market: 99
Details Prop Type: Craftsman,Traditional
Full baths: 4.0
Updated: Feb 16, 2019 1:08 PM Taxes: $4,870
Acres: 0.31
List Price: $359,900
High: Douglas County
County: Douglas
Lot Size: 1/3 - 1/2 Acre
Orig list price: $359,900
Middle: Fairplay
Area: DOUG
List date: 11/9/18
Assoc Fee: $475
Elementary: Mirror Lake
Amenities: Golf Course, Lake, Neighborhood Association, Pool, Sidewalks, Underground Utilities
Equipment: Alarm - Burglar, Alarm - Carbon Monoxide, Alarm - Smoke/Fire, Satellite Dish
Pulldown Attic Stairs, Separate Shower, Tile Bath, Walk-in Closet
Lot Description: Cul De Sac, Sloping
Basement: Bath Finished, Daylight, Entrance - Inside, Entrance - Outside, Finished Rooms, Full
Exterior: Deck/Patio, Screen Porch
Construction: Concrete Siding, Stone
Interior Features: Cable In Street, Cable TV Connections, Ceilings - Trey, Ceilings - Vaulted, Ceilings 9 Ft Plus, Double Vanity, Foyer 2 Story, Garden Tub, Gas Logs, Hardwood Floors,
Subdivision: Mirror Lake
Features
Cooling: Central, Heat Pump Energy: Double Pane/ Thermo, Insulation-ceiling, Water Heater-gas
Heating: Central, Heat Pump, Zoned/Dual
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Kitchen/Breakfast: Breakfast Area, Pantry, Solid Surface Counters Kitchen Equipment: Convection Oven, Cooktop Separate, Dishwasher, Double Oven, Garbage Disposal, Icemaker Line, Microwave - Built In, Oven Wall, Stainless Steel Appliance
OpenParking: 2 Car, Attached, Auto Garage Door, Garage, Kitchen Level Entry, Guest Parking Roof: Other (See Remarks) Rooms: Bonus Room, DR Separate, Family Room, Loft, LR Separate, Theater/Media Room Water/Sewer: Public Water, Sewer Connected
Laundry: Room
7
Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Remarks Mirror Lake Traditional w/3 Fin Levels totaling 4,329 SF! Main lvl (1,562 SF) has hardwds in foyer, formal living rm, sep. dining rm, family rm, butlers pntry & kitchen! Flr to ceiling stack stone FP, arched entryways, crown molding, transoms, tray ceilings & 2 story ceilings galore! Kitchen: granite counters, dble ovens + island. Main lvl also inclds office/bedroom & full bath. Upper lvl (1,579 SF) offers 3 br+ bonus/loft. Oversized master & master bath! Lower lvl (1,188 Fin. SF + 388 UnFin. SF) is partially setup for home theater! Room for kitchen, + 2 rms that could be 5th & 6th bdrms or...
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
3014 Catamaran Cv $379,000 SOLD
MLS #8410847
Villa Rica, GA 30180
4 Beds 4.00 Baths Year Built 1999
10/10/18
4,303 Sq. Ft. ($88 / sqft) Days on market: 65
Details Prop Type: Traditional,Victorian
Half baths: 1.0
Off-market date: 9/6/18
Taxes: $4,150
Acres: 0.34
Updated: Oct 11, 2018 7:42 AM High: Douglas County
County: Douglas
Lot Size: 1/3 - 1/2 Acre
List Price: $389,900
Middle: Mason Creek
Area: DOUG
List date: 7/3/18
Orig list price: $399,900
Elementary: Other
Subdivision: Mirror Lake
Sold date: 10/10/18
Assoc Fee: $475
Energy: Double Pane/ Thermo, Programmable Thermostat, Storm Doors
Entrance, Hardwood Floors, Separate Shower, Tile Floors, Walk-in Closet, Carpet, Whirlpool Bath
Lot Description: Private Backyard, Sloping
Kitchen/Breakfast: Breakfast Area, Breakfast Bar, Walk-in Pantry
View: Lake
Kitchen Equipment: Cooktop - Separate, Dishwasher, Garbage Disposal, Microwave - Built In, Oven Wall, Stainless Steel Appliance
Rooms: Bonus Room, DR Separate, Family Room, Inlaw Suite or Apartment, LR Separate, Rec Room
Full baths: 4.0
Features Amenities: Lake, Neighborhood Association, Playground, Pool, Street Lights, Tennis Courts, Underground Utilities Basement: Bath Finished, Daylight, Entrance - Inside, Entrance - Outside, Finished Rooms, Full Boathouse/Dock: Stationary Dock Construction: Brick 3 Sided, Concrete Siding Cooling: Ceiling Fan, Central
Equipment: Alarm - Burglar, Alarm - Smoke/Fire, Satellite Dish Exterior: Deck/Patio, Porch, Screen Porch, Sprinkler System Heating: Forced Air Interior Features: Ceilings Trey, Ceilings - Vaulted, Ceilings 9 Ft Plus, Double Vanity, Foyer - 2 Story, Foyer -
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OpenParking: 2 Car, Attached, Garage Roof: Composition
Water/Sewer: Public Water, Sewer Connected
Laundry: Room
9
Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Remarks Breathtaking lake front living in picturesque Mirror Lake! Explore the peaceful beauty of the sprawling 100 acre lake in your kayak or pontoon, bordered by Mirror Lake Golf Course. Huge open-concept kitchen features new quartz counter tops, stainless appliances, and awesome panoramic view of the lake. Make memories that last a lifetime in the radiant family room boasting a captivating two-story stacked stone fireplace. Whether grilling out on the deck or relaxing bug-free in the enclosed porch, the natural setting and abundant wildlife are both invigorating and serene.
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
5019 Cambridge Ln
Villa Rica, GA 30180
$395,000 SOLD
5 Beds 4.00 Baths Year Built 2004
11/14/18
MLS #8399104 4,672 Sq. Ft. ($85 / sqft) Days on market: 92
Details Prop Type: Traditional
Half baths: 1.0
Off-market date: 10/6/18
Taxes: $4,996
County: Douglas
Acres: 0.5
Updated: Nov 15, 2018 3:33 PM High: Douglas County
Area: DOUG
Lot Size: 1/2 - 1 Acre
List Price: $439,900
Middle: Mason Creek
Subdivision: Mirror Lake South Harbour
List date: 6/14/18
Orig list price: $479,900
Elementary: Mason Creek
Sold date: 11/14/18
Assoc Fee: $475
Amenities: Clubhouse, Golf Course, Lake, Marina, Neighborhood Association, Park, Playground, Pool, Sidewalks, Street Lights, Swim Team, Tennis Courts, Underground Utilities
Thermo, Insulation-ceiling, Insulation-floor, Programmable Thermostat, Water Heater-electric
Garden Tub, Gas Logs, Hardwood Floors, Pulldown Attic Stairs, Recently Renovated, Sauna, Separate Shower, Tile Bath, Tile Floors, Walk-in Closet, Carpet, Whirlpool Bath
Basement: Bath Finished, Daylight, Entrance - Inside, Entrance - Outside, Finished Rooms, Full
Exterior: Balcony, Deck/ Patio, Garden Area, Porch, Veranda
Full baths: 4.0
Features
Construction: Brick 3 Sided, Brick/Frame, Concrete Siding Cooling: Ceiling Fan, Heat Pump Energy: Double Pane/
Equipment: Alarm - Burglar, Alarm - Carbon Monoxide, Alarm - Smoke/Fire
Heating: Ceiling Electric, Central, Heat Pump Interior Features: Cable TV Connections, Ceilings - Trey, Ceilings 9 Ft Plus, Double Vanity, Foyer - 2 Story,
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Kitchen/Breakfast: Breakfast Bar, Breakfast Room, Keeping Room, Pantry, Solid Surface Counters Kitchen Equipment: Cooktop - Separate, Dishwasher, Double Oven, Garbage Disposal, Icemaker Line, Microwave - Built In, Oven Wall, Refrigerator, Stainless
Steel Appliance Laundry: Room Lot Description: City View, Greenbelt, Private Backyard, Sloping, Seasonal View OpenParking: 3 Car Or More, Attached, Auto Garage Door, Kitchen Level Entry Roof: Composition Rooms: Bonus Room, Den, DR - Separate, Exercise Room, Family Room, In-law Suite or Apartment, Library/ Office, LR Separate, Master On Main Level, Rec Room, Split Bedroom Plan, Theater/
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Comparative Market Analysis
Media Room
313 Hawks Ridge, Villa Rica, Georgia 30180
Water/Sewer: Public Water, Sewer Connected
Remarks Impressive Luxury greet you at the front door ! Want to relax in your own private sauna? 2 story family room, formal dining, owners suite on the main, chefs kitchen, granite, beautiful cherry cabinets, pantry, keeping room w/fireplace, amazing 2nd level w/oversized bedrooms and bonus. Full finished basement and tons of storage. 3 car courtyard entry. Greenspace views from your double porch, super private backyard. Mirror Lake offers golf, sidewalks, streetlights, swim, tennis, fishing, Super amenities. Drive your golf cart to shopping and restaurants. You will not be disappointed. Freshly p...
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
306 Hawks Ridge $320,000 SOLD
MLS #8459641
Villa Rica, GA 30180
5 Beds 4.00 Baths Year Built 2005
12/12/18
Est. 4,500 0H #K JH=K Days on market: 55
Details Prop Type: Craftsman
Acres: 0.36
Updated: Dec 12, 2018 5:36 PM Middle: Mason Creek
County: Douglas
Lot Size: 1/3 - 1/2 Acre
List Price: $314,999
Area: DOUG
List date: 9/27/18
Orig list price: $320,000
Subdivision: South Lake at Mirror Lake
Sold date: 12/12/18
Taxes: $4,500
Off-market date: 11/21/18
High: Douglas County
Construction: Stone
Bath, Walk-in Closet, Whirlpool Bath
Elementary: Mirror Lake
Full baths: 4.0
Features Amenities: Clubhouse, Golf Course, Lake, Playground, Pool, Sidewalks, Street Lights, Underground Utilities Basement: Bath Finished, Daylight, Entrance - Inside, Entrance - Outside, Finished Rooms, Full
Cooling: Ceiling Fan, Central Energy: Insulation-ceiling, Storm Windows Heating: Heat Pump Interior Features: Double Vanity, Gas Logs, Hardwood Floors, Separate Shower, Tile
Kitchen Equipment: Cooktop - Separate, Dishwasher, Double Oven, Oven - Wall, Range/Oven, Refrigerator, Stainless Steel Appliance Lot Description: Private
Backyard OpenParking: Attached, Auto Garage Door, Garage, Off Street Rooms: Bonus Room, Family Room, Theater/Media Room Water/Sewer: Sewer Connected
Remarks Must See Beautiful Custom Craftsman home in desired Mirror Lake established Community. Only 4 miles from I 20. Hardwood floors throughout main floor. Granite counter tops & stainless steel appliances to stay! Beautiful In-ground pool updated to Energy Efficient Salt water system in June 2018! Each floor has its own HVAC system.. all 3 units will have a certificate of Maintenance. Lower level is complete with many extra bonus rooms, full bath, excellent potential for MIL
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
suite. A LOT of house for this price!
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
1030 Overlook Dr $465,000 SOLD
MLS #8504382
Villa Rica, GA 30180
5 Beds 4.00 Baths Year Built 2007
2/21/19
4,863 Sq. Ft. ($96 / sqft) Days on market: 4
Details Prop Type: Traditional
Half baths: 1.0
Sold date: 2/21/19
Assoc Fee: $475
County: Douglas
Acres: 0.367
Off-market date: 1/8/19
Taxes: $4,802
Area: DOUG
Lot Dim: 151 X 150 X 50 X 1
Updated: Feb 26, 2019 1:25 PM High: Douglas County
Subdivision: Mirror Lake
Lot Size: 1/3 - 1/2 Acre
List Price: $474,900
Middle: Mason Creek
Full baths: 4.0
List date: 1/4/19
Orig list price: $474,900
Elementary: Mirror Lake
Amenities: Airstrip, Clubhouse, Golf Course, Lake, Neighborhood Association, Park, Playground, Street Lights, Swim Team
Equipment: Alarm - Burglar
Kitchen/Breakfast: Breakfast Bar, Breakfast Room, Island, Pantry, Solid Surface Counters
Rear Entrance
Basement: Bath Finished, Concrete, Daylight, Entrance Inside, Entrance - Outside, Finished Rooms, Full
Interior Features: Cable In Street, Cable TV Connections, Ceilings - Trey, Ceilings - Vaulted, Ceilings 9 Ft Plus, Double Vanity, Foyer 2 Story, Foyer - Entrance, Hardwood Floors, Pulldown Attic Stairs, Recently Renovated, Separate Shower, Tile Bath, Walk-in Closet, Wet Bar, Whirlpool Bath
Features
Construction: Brick 4 Sided Cooling: Ceiling Fan, Central, Zoned/Dual Energy: Double Pane/ Thermo, Insulation-ceiling, Programmable Thermostat
Exterior: Deck/Patio, Screen Porch, Sprinkler System Heating: Forced Air, Zoned/ Dual
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Kitchen Equipment: Cooktop - Separate, Dishwasher, Double Oven, Garbage Disposal, Icemaker Line, Microwave - Built In, Oven Wall, Range/Oven Lot Description: Golf Course, Greenbelt, Private Backyard, Sloping, Wooded
Roof: Composition Rooms: Bonus Room, DR Separate, Great Room, Library/Office, Theater/ Media Room Water/Sewer: Low Flow Fixtures, Public Water, Sewer Connected Virtual Tour: https://vimeo.com/ 311397522
OpenParking: 3 Car Or More, Auto Garage Door, Garage, Kitchen Level Entry, Side/
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Remarks Spectacular Meticulously Maintained 4 Sided Brick Custom Home on the Golf Course in Mirror Lake! Phenomenal Finished Bsmt Area along w/ an Oasis Fenced Backyard park setting w/ Firepit on the 15th Teebox*Elegant Features abound such as the Heavy Trim Pkg/Breathtaking Island Kitchen w/ Cherry Finished Cabinets w/ Granite Countertops/ 5th BR, Office & Formal Dining on the Main w/ Hardwood Floors on most of Main*The Master Suite is dazzling w/ a Fireplace & Sitting Area which leads into a Master Bath that will leave you breathless including the Wardrobe Dressing Area
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Analysis
Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Comparable Property Statistics A
S
Active Listings
Sold Listings
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HIGHEST PRICE
$359,900
AVERAGE PRICE
$359,900
AVG DOM
LOWEST PRICE
$359,900
ACTIVE LISTINGS
HIGHEST PRICE
$465,000
AVERAGE PRICE
$389,750
AVG DOM
LOWEST PRICE
$320,000
SOLD LISTINGS
AVG PRICE / SQFT
AVG PRICE / SQFT
$83 99 1
$85 54 4
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Online Valuation Analysis How accurate are Zestimates?
2.6%
$9,627
Zestimates varied on average by 2.6% or $9,627 compared to MLS prices.
A
1 Active
ADDRESS
313 Hawks Ridge
S
PRICE
ZESTIMATE
DIFFERENCE
$359,900
$365,261
1.5%
4 Sold
ADDRESS
SOLD DATE
SOLD PRICE
ZESTIMATE
DIFFERENCE
3014 Catamaran Cv
10/10/18
$379,000
$383,832
1.3%
5019 Cambridge Ln
11/14/18
$395,000
$414,031
4.8%
306 Hawks Ridge
12/12/18
$320,000
$334,061
4.4%
1030 Overlook Dr
2/21/19
$465,000
$469,848
1.0%
Source: Zillow
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Sold Property Analysis Averages
96.3%
Homes sold for an average of 96.3% of their list price.
54
Days on market
It took an average of 54 days for a home to sell.
Analysis ADDRESS
LIST PRICE
SOLD PRICE
% OF LIST PRICE
DOM
$ PER SQFT
3014 Catamaran Cv
$389,900
$379,000
97.2%
65
$88
5019 Cambridge Ln
$439,900
$395,000
89.8%
92
$85
306 Hawks Ridge
$314,999
$320,000
101.6%
55
$51
1030 Overlook Dr
$474,900
$465,000
97.9%
4
$96
$404,925
$389,750
96.3%
54
$80
Averages
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Proposed !"#$%&# '$(&)
Analysis of the comparable properties suggests a list price of:
$350,000 Comparable Averages per Status A
1 Active
S
4 Sold
$359,900
$404,925
$83 / sqft 99 Days on Market
JH=K !8PJ FE *8IB<K
Additional Notes 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 fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
CMAs vs Appraisals Establishing a home's market value is equally important to buyers, sellers, lenders and real estate professionals so that listings can go on market and transactions can proceed quickly and efficiently. A real estate professional may prepare a comparative market analysis (CMA) for their sellers to help them establish a listing price. The CMA includes recently sold homes and homes for sale in the seller's neighborhood that are most similar to the seller's home in appearance, features, and general price range. Although the CMA is used to help determine current market value, it does not establish the seller's home value. The CMA is merely a guide to help the seller learn what's happening in their local market, so they can better understand where their home fits in term of an estimated listing price, based on location, features and condition. Once the home is listed on the open market, a buyer makes an offer, which could be based in part on a CMA the buyer's agent has prepared. CMAs can help buyers better understand the local market as well as sellers. If the buyer is receiving financing through a bank, the bank will order an appraisal. Unlike the CMA, a bank appraisal is a professional determination of a home's value. The appraisal is completed by a licensed appraiser, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac. An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal guarantees. For example, a home that doesn't meet safety requirements such as handrails on steps will not be eligible for FHA or VA loans until the handrail is installed or repaired. Appraisers use the same data in their market research to find comparable homes as real estate agents. While they are also members of the MLS, they also have additional guidelines from the bank to follow that minimize risk to the bank. They will take into consideration - and can adjust values to reflect - the speed of the market and whether prices are rising or falling. When the appraisal is finished, the bank makes the decision to fund the loan, or it may require the seller to fix certain items and show proof that the repairs have been made before letting the loan proceed. If the loan doesn't meet lending guidelines, the bank will decline the loan. Despite stricter lending and appraisal standards, most buyers' loan applications go through to closing - nearly 85 percent. One reason for that is that real estate agents are preparing CMAs that are better tuned to lending standards, for sellers and buyers to fully understand not only what the market is doing, but how much lenders are willing to finance.
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
CMA's Are For Buyers Too Choosing a listing price or an offer price on a home can be challenging since no two homes are identical. Sellers traditionally use a comparable market analysis, or CMA, as a useful tool for determining their listing price. The CMA compares the seller's home to those that have already sold nearby or are currently on the market. But, CMAs are equally useful to buyers. When you select a home you’re interested in buying, ask your agent to run a CMA for you, as if you were the seller.
Every CMA Is Unique To make a CMA, your agent inputs search parameters from their multiple listing service database and a CMA software produces a report containing similar homes that have recently sold or are currently on the market. This type of report is a side-by-side comparison of price, size, age, neighborhood, days on the market, and other pertinent comparable information. As a buyer, looking at similar homes in your area can give you a better sense of how quickly homes are selling, what offers have been accepted by sellers, and more.
Choosing Your Offer Price Just as a CMA helps a seller choose a listing price, a CMA can help you choose an offer price. A CMA can help you answer key questions such as: • How comparable are the other homes to the one you are interested in buying? • Are the homes you’re comparing of similar age and size?
Just as a CMA helps a seller choose a listing price, a CMA can help
• Are the other homes in the same neighborhood?
you choose an offer price.
• How many bedrooms and baths do they have? • Are the homes single story or two stories? • What size are the lots on which the homes sit? • Are the homes single-family, townhomes or condominiums? However, the CMA can't tell you everything you need to know. CMAs will list the age of the home and the age of recent updates, but beyond that you don’t know how old fixtures or amenities are. The pool at the home you want may be in need of retiling or resurfacing, which can be quite expensive. Or the air conditioner may be close to replacement. For that reason, the CMA should be used as a guide. A CMA can’t tell you whether a home backs up to a highway, whether it’s in poor or good condition, and if it’s been updated and how well. You need to see these homes for yourself, so you can understand the differences in price, features, and location. And that’s where your agent can be invaluable. With his market knowledge, or her neighborhood expertise, your agent can give you the house-by-house information you need to make a better-informed decision.
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Comparative Market Analysis
313 Hawks Ridge, Villa Rica, Georgia 30180
Contact Me
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