COMPARATIVE MARKET ANALYSIS
1799 Springer St NW, Atlanta, Georgia 30318, United States
PREPARED FOR
Val McKinley JUNE 15, 2016
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
WHAT IS A CMA?
INTRO
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 comparable market analysis, or CMA, can be 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 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.
How is the CMA created? CMAs are generated by a computer program supplied by 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 inputting the search parameters to the software 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.
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
COMPARABLE PROPERTY STATISTICS Active Listings Number of listings
1
Lowest price
$425,000
Average price
$425,000
Highest price
$425,000
Avg price per sqft Avg DOM
2
Sold Listings Number of listings
2
Lowest price
$419,000
Average price
$422,000
Highest price
$425,000
Avg price per sqft Avg DOM
$299 5
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
ANALYSIS
SOLD PROPERTY ANALYSIS
Address
List Price
ANALYSIS
Sold Price
Difference
DOM
$ per Sqft
1751 Springer Street NW
$415,000
$425,000
2.41%
4
$294
1756 Ridgeway Avenue NW
$419,900
$419,000
-0.21%
6
$303
$417,450
$422,000
1.09%
5
$299
Sold Averages
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
PROPERTY DETAILS
MLS #5704264
1799 SPRINGER STREET NW, ATLANTA
$425,000 Status: Active MLSNum: 5704264 Source: FMLS Prop Type: Residential Detached City: Atlanta State: Georgia Zip: 30318 County: Fulton Area: 22 - Atlanta North Subdivision: Underwood Hills Beds: 3 Full baths: 2 Half baths: 0 Acres: 0.0000 Garage: Driveway,Kitchen Level,Side/Rear Entry Year Built: 1993 DOM: 2 List date: 6/13/16 Updated: Jun 15, 2016 10:19 AM List price: $425,000 Orig list price: $425,000 Assoc Fee: $0 Taxes: $3,380 High: North Atlanta Middle: Sutton Elementary: Rivers Fulton Courtesy of DORSEY ALSTON REALTORS
FEATURES Appliances: Dishwasher, Elec Ovn/Rng/Ctop, Garbage Disposal, Gas Water Heater, Refrigerator Basement: Crawl Space Construction: Frame Cool: Ceiling Fans, Central Electric, Other Disability: None Energy: High Eff System Exterior: Deck, Fenced Yard, Garden Area, Out-Buildings, Prof Landscaping, Other Fireplace Disc.: Factory Built, Gas Starter, In Great/Fam Room, In Living Room Heat: Forced Air, Gas, Other Interior: 2-Story Foyer, Hardwood Floors, High Speed Internet Available, Skylights, Wall/Wall Carpet Kitchen: Breakfast Bar, Cabinets White, Counter Top - Stone, Pantry, View To Fmly Rm REMARKS Cape Cod Charmer on friendly street in popular Underwood Hills!! Hardwood floors, plantation shutters. Sunroom addition on back with dedicated HVAC adds oh-so valuable extra living space! True laundry room on main floor. Very private, fenced backyard with professional landscaping and storage shed. New roof. New carpet, fresh interior paint. Water heater, HVAC & ductwork less than 2 years old. Just a few steps to the picturesque neighborhood park!
Information is deemed reliable but not guaranteed.
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
Source: FMLS
LISTING PHOTOS A
MLS #5704264
1799 Springer Street NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$425,000
MORE LISTING PHOTOS A
MLS #5704264
1799 Springer Street NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$425,000
PROPERTY DETAILS
MLS #5661400
1751 SPRINGER STREET NW, ATLANTA
$425,000 Status: Sold MLSNum: 5661400 Source: FMLS Prop Type: Residential Detached City: Atlanta State: Georgia Zip: 30318 County: Fulton Area: 22 - Atlanta North Subdivision: Underwood Hills Beds: 3 Full baths: 2 Half baths: 1 SqFt: 1,445 Acres: 0.1100 Garage: Driveway,Parking Pad,Side/Rear Entry,Street Year Built: 1993 DOM: 4 List date: 3/17/16 Sold date: 5/4/16 Pending date: Mar 20, 2016 Off-market date: Mar 20, 2016 Updated: May 11, 2016 7:05 AM List price: $415,000 Orig list price: $415,000 Sold price: $425,000 List/Sqft: $287 Sold/Sqft: $294 Assoc Fee: $0 Taxes: $0 High: North Atlanta Middle: Sutton Elementary: Rivers Fulton Courtesy of HARRY NORMAN REALTORS
FEATURES Appliances: Dishwasher, Garbage Disposal, Elec Water Heater, Gas Ovn/Rng/Ctop, Microwave, Self-Clean Oven, Smoke/Fire Alarm, Sec System Owned, Refrigerator Basement: Crawl Space, Exterior Entry Construction: Cement Siding - Not Stucco Cool: Ceiling Fans, Central Electric, Central System Disability: None Energy: Programmable Thermostat, Storm Doors, Thermal Pane Wdws Exterior: Fenced Yard, Patio, 1-2 Step Entry Fireplace Disc.: In Living Room, Masonry Heat: Forced Air, Gas Interior: 9 ft + Ceil Main, High Speed Internet Available, Hardwood Floors, Wall/Wall Carpet REMARKS WOW! A 3/2.5 in Underwood Hills for a great price! Springer one of the best streets - dead ends into the park and playground. Hardiplank siding. Wood burning in LR, kitchen renovated in 2015 with granite counters, stainless appliances, new paint and pantry. All three bedrooms nicely sized. Fully fenced backyard.
Information is deemed reliable but not guaranteed.
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
Source: FMLS
LISTING PHOTOS S
MLS #5661400
1751 Springer Street NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$425,000
MORE LISTING PHOTOS S
MLS #5661400
1751 Springer Street NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$425,000
PROPERTY DETAILS
MLS #5654510
1756 RIDGEWAY AVENUE NW, ATLANTA
$419,000 Status: Sold MLSNum: 5654510 Source: FMLS Prop Type: Residential Detached City: Atlanta State: Georgia Zip: 30318 County: Fulton Area: 22 - Atlanta North Subdivision: Underwood Hills Beds: 3 Full baths: 2 Half baths: 0 SqFt: 1,381 Acres: 0.1100 Garage: Driveway,Parking Pad,Side/Rear Entry Year Built: 1992 DOM: 6 List date: 3/2/16 Sold date: 4/18/16 Pending date: Mar 7, 2016 Off-market date: Mar 7, 2016 Updated: Apr 25, 2016 5:12 AM List price: $419,900 Orig list price: $419,900 Sold price: $419,000 List/Sqft: $304 Sold/Sqft: $303 Assoc Fee: $0 Taxes: $3,754 High: North Atlanta Middle: Sutton Elementary: Rivers Fulton Courtesy of ATLANTA FINE HOMES SOTHEBYS INTERNATI‌
FEATURES Appliances: Dishwasher, Gas Ovn/Rng/Ctop, Gas Water Heater, Refrigerator Basement: Crawl Space, Exterior Entry Construction: Frame Cool: Ceiling Fans, Central Electric Disability: None Energy: Ridge Vents Exterior: 1-2 Step Entry Fireplace Disc.: Gas Starter, In Great/Fam Room, In Living Room Heat: Forced Air, Gas Interior: 9 ft + Ceil Main, Hardwood Floors, High Speed Internet Available Kitchen: Breakfast Bar, Cabinets White, Counter Top - Stone Lot: Level, Level Driveway, Private Backyard REMARKS Prepare to fall in love with this incredible home in everyone's favorite westside neighborhood. Renovated inside & out, including new roof in 2014 & all new hardiplank last year. Stunning gourmet kitchen is brand new & features white granite countertops, new cabinetry & stainless appliances all overlooking the living room/dining room. Large master on main has updated bath w/vessel sinks, beautiful tile shower surround & custom closets. Two ample sized secondary bedrooms & updated bath upstairs. Hardwoods & new paint throughout, fantastic entertaining deck & fenced yard.
Information is deemed reliable but not guaranteed.
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
Source: FMLS
LISTING PHOTOS S
MLS #5654510
1756 Ridgeway Avenue NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$419,000
MORE LISTING PHOTOS S
MLS #5654510
1756 Ridgeway Avenue NW, Atlanta
Adrian Smith | First MLS | Mobile: 678.877.0484 | www.redfin.com
$419,000