Comparative Market Analysis Prepared for
New Rosemont
For property at
4131 LAKE ORLANDO S PARKWA
DANIEL PIMAS GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500 Orlando, FL 32801 Phone: 1.877.466.9732 Cell: 1.877.466.9732 Fax: 954.454.6739 Email: dp@pimas.us Web: www.realtor.pimas.us
December 23, 2009
New Rosemont 4131 S Lake Orlando Orlando, Florida 32808
Dear I appreciate the opportunity to provide you with a Comparative Market Analysis for your property. Prepared exclusively for you, this analysis contains a summary of the recent real estate transactions in your area for properties that are similar to yours. While none of the properties included in this analysis is exactly like yours, they do provide a good basis by which to compare your property with the 'competition'. The following pages contain descriptions of each property whether it is currently available for sale, recently sold, or was listed but did not sell. A short description of each property is provided, followed by a summary table of each property's key features, which allows you to easily compare the features of your property with others in your area. Your property may have special features or improvements that could substantially affect the price range in which it should be listed. We will discuss pricing in more detail after you have had a chance to review the enclosed information. Please give me a call if you have any questions or would like any additional information. I look forward to working with you and selling your property quickly.
Sincerely,
DANIEL PIMAS GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500 Orlando, FL 32801 1.877.466.9732 1.877.466.9732 Fax: 954.454.6739 Toll Free: 1.877.Go.My.Real Realtor@Pimas.US Web Site: www.realtor.pimas.us
Office Profile GRAND REALTY OF AMERICA
Our company has been offering highly respected professional services in your community for years. You can feel confident that the sale of your property will be handled by competent professionals with many years of experience. Our services include: * Real Estate Sales * Free Market Evaluations * Property Rentals and Leases * Property Management Services * Relocation Services
DANIEL PIMAS, GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500, Orlando, FL 32801 Office: 1.877.466.9732 | Cell: 1.877.466.9732 | Fax: 954.454.6739
Marketing Plan Prepared for New Rosemont
To assure you that your property is marketed to its fullest potential and to obtain the highest possible market value, I have a detailed and effective marketing strategy. -
Carefully evaluate your home and its competition and current market conditions Prepare a Comparative Market Analysis to establish fair market value Prepare listing contract Prepare seller disclosure statement Enter listing in the MLS system Take photos of property Place For Sale Sign on property Place lock box on property, if needed Inform each agent in my brokerage of this new listing Schedule property for Office and MLS tours Prepare and submit advertisement to newspaper Make listing available to internet web sites Hold open houses Arrange showings for other agents Pre-qualify potential buyers Review list price based on agent feedback and market condition Provide a weekly market activity report Present and review all offers with you Negotiate the transaction on your behalf Finalize the closing Provide references for qualified moving and relocation services
DANIEL PIMAS, GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500, Orlando, FL 32801 Office: 1.877.466.9732 | Cell: 1.877.466.9732 | Fax: 954.454.6739
Subject Property Prepared for New Rosemont
4131 LAKE ORLANDO S PARKWA
DANIEL PIMAS, GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500, Orlando, FL 32801 Office: 1.877.466.9732 | Cell: 1.877.466.9732 | Fax: 954.454.6739
Comparative Market Summary - Active ML #
Status
#Beds
#Baths: F/H
SqFt
YrBlt
List Price
DOM
4930 SAMOA CIR # 8, ORLANDO 32808 #O4935702 ACT 2 2 1,430 1981 Subdivision: ISLAND CLUB AT ROSEMONT PH 7 CONDO (SAMO
$160,000 LP/SFT: $111.89
74
3992 S LAKE ORLANDO PKWY, ORLANDO 32808 #O4915260 ACT 3 2 2,075 Subdivision: ROSEMONT
1978
$195,000 LP/SFT: $93.98
186
3726 S LAKE ORLANDO PKWY, ORLANDO 32808 #O4899257 ACT 3 2 2,316 Subdivision: ROSEMONT SEC 4
1978
$295,000 LP/SFT: $127.37
278
Copyright 2009 Mid-Florida Regional MLS, Inc. Information deemed reliable but not guaranteed.
12/23/2009
05:52 PM
Total Listings: 3 Total SqFt
List Price
DOM
Average:
1,940
$216,667
179
Minimum:
1,430
$160,000
74
Maximum:
2,316
$295,000
278
Median:
2,075
$195,000
186
These properties are your competition. A potential purchaser will compare your home to homes similar to these when trying to decide which to buy. Take a look at these homes, if only on paper. Try to be objective and ask yourself, "Which home is the best value?" Is it yours? If not, these other homes may sell before yours. But don't forget that the "List Prices" of these homes represent what the sellers WANT for their home, not necessarily what they are really going to get if they sell their home. So when setting the price of your home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of comparable homes to yours that actually SOLD!
Comparative Market Summary - Solds ML #
Status
#Beds
#Baths: F/H
SqFt
YrBlt
List Price
Sale Pr.
DOM
4952 FIJI CIR # 4952, ORLANDO 32808 #O4852591 SLD 3 2 1,672 1980 Subdivision: ISLAND CLUB AT ROSEMONT PH 4B CONDO (FIJI)
$189,000 LP/SFT: $113.04
$179,000 SP/SFT: $107.06
03/27/09 291
3894 N LAKE ORLANDO PKWY, ORLANDO 32808 #O4913009 SLD 4 2/1 3,288 Subdivision: ROSEMONT SEC 1
1977
$369,000 LP/SFT: $112.23
$338,200 SP/SFT: $102.86
07/14/09 63
4325 N LAKE ORLANDO PKWY, ORLANDO 32808 #O4900492 SLD 4 2 2,317 Subdivision: ROSEMONT SEC 11
1979
$180,000 LP/SFT: $77.69
$175,000 SP/SFT: $75.53
07/21/09 141
Copyright 2009 Mid-Florida Regional MLS, Inc. Information deemed reliable but not guaranteed.
12/23/2009
05:52 PM
Total Listings: 3 Total SqFt
List Price
Sale Price
DOM
Average:
2,426
$246,000
$230,733
165
Minimum:
1,672
$180,000
$175,000
63
Maximum:
3,288
$369,000
$338,200
291
Median:
2,317
$189,000
$179,000
141
These properties are your competition. A potential purchaser will compare your home to homes similar to these when trying to decide which to buy. Take a look at these homes, if only on paper. Try to be objective and ask yourself, "Which home is the best value?" Is it yours? If not, these other homes may sell before yours. But don't forget that the "List Prices" of these homes represent what the sellers WANT for their home, not necessarily what they are really going to get if they sell their home. So when setting the price of your home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of comparable homes to yours that actually SOLD!
Comparative Homes
Address
4131 LAKE ORLANDO S PARKWA 4930 SAMOA CIR # 8
Ref # Subdivision List Price Low Price Status
ROSEMONT
Property Style Unit # Condo Bldg Make/Model Size (Mobile Home) Year Built SqFt Heated Bedrooms Baths Full/Half Additional Rooms Lot Dimensions Taxes Tax Year Homestead Heating & Fuel
3992 S LAKE ORLANDO PKWY
O4935702 O4915260 ISLAND CLUB AT ROSEMONT PH 7 CONDO ROSEMONT (SAMO $160,000 $195,000 Active
Active
Townhouse
Villa 8
Single Family Home
2010 1,550 4 2/1 Inside Utility 25' x 46'
1981 1,430 2 2
1978 2,075 3 2 Florida Room
$1,787 2008 Y Central
$3,870 2008 N Central, Fuel - Electric
N
Air Conditioning Pool Y/N - Type Water Frontage Water Access Water Extras Prop. Desc. Interior
Central Central / Auto Cleaner Child Safety Fence Gunite/Concrete Y / In Ground Heated Screen Pool Enclosure In Ground
2nd Floor Multi-Story Thermal Windows, Walk In Closet
One Story Cathedral/Vaulted Ceiling, Ceiling Fan(s)
Floor Covering Fireplace Windows Appliances Exterior Features Garage/Carport Location Front Exposure Community Features
Ceramic Tile
Laminate
Vinyl
Convection Oven Oak Trees Golf Course Frontage
Dishwasher Mature Landscaping 2 Car Garage Cul-De-Sac
Dishwasher Fruit Trees 2 Car Garage In County
Association Recreat
Community Pool
Sold Price $LP/SF $SP/SF SP/$LP Ratio Sold Date DTC
--
Central N
$111.89
$93.98
--
--
Copyright 2009 Mid-Florida Regional MLS, Inc. All rights reserved. Information is believed to be accurate but should 05:52 not bePM relied upon wi 12/23/2009
Comparative Homes
Address
3726 S LAKE ORLANDO PKWY 4952 FIJI CIR # 4952
Ref # Subdivision List Price Low Price Status
O4899257 ROSEMONT SEC 4 $295,000
O4852591 O4913009 ISLAND CLUB AT ROSEMONT PH 4B CONDO ROSEMONT (FIJI) SEC 1 $189,000 $369,000
Active
Sold
Sold
Property Style Unit # Condo Bldg Make/Model
Single Family Home
Condo 4952 2-D
Single Family Home
1978 2,316 3 2 Foyer x $2,428 2008 Y Central, Fuel - Electric
1980 1,672 3 2
1977 3,288 4 2/1
x $3,202 2008 N Central, Fuel - Electric
159x198x132x164 $6,554 2008 Y
Air Conditioning Pool Y/N - Type Water Frontage Water Access Water Extras Prop. Desc. Interior
Central N Lake
Central Central Y / In Ground Gunite/Concrete Pool Sweep Y / Screen In Ground Enclosure Gunite/Concrete Canal-Fresh
Attic, Ceiling Fan(s)
Ground Floor Unit Blinds/Shades, Cathedral/Vaulted Ceiling
One Story Cathedral/Vaulted Ceiling
Floor Covering Fireplace Windows Appliances Exterior Features Garage/Carport Location Front Exposure Community Features
Carpet
Ceramic Tile
Carpet
Dishwasher Mature Landscaping 2 Car Garage Close to Bus Line West Golf Community
Dishwasher Mature Landscaping 2 Car Garage Cul-De-Sac Gated Community
Dishwasher Irrigation System 3+ Car Garage In City Limits Southeast Golf Community
$179,000 $113.04 $107.06 94.71% 03/27/09 263
$338,200 $112.23 $102.86 91.65% 07/14/09 22
Size (Mobile Home) Year Built SqFt Heated Bedrooms Baths Full/Half Additional Rooms Lot Dimensions Taxes Tax Year Homestead Heating & Fuel
Sold Price $LP/SF $SP/SF SP/$LP Ratio Sold Date DTC
$127.37 --
3894 N LAKE ORLANDO PKWY
Copyright 2009 Mid-Florida Regional MLS, Inc. All rights reserved. Information is believed to be accurate but should 05:52 not bePM relied upon wi 12/23/2009
Comparative Homes
Address
4325 N LAKE ORLANDO PKWY
Ref # Subdivision List Price Low Price Status
O4900492 ROSEMONT SEC 11 $180,000
Property Style Unit # Condo Bldg Make/Model
Single Family Home
Sold
Size (Mobile Home) Year Built SqFt Heated Bedrooms Baths Full/Half Additional Rooms Lot Dimensions Taxes Tax Year Homestead Heating & Fuel
1979 2,317 4 2 Foyer $2,684 2008 Y Central, Fuel - Electric
Air Conditioning Pool Y/N - Type Water Frontage Water Access Water Extras Prop. Desc. Interior
Central Y / Gunite/Concrete Screen Enclosure Solar Heated Pool Lake
Floor Covering Fireplace Windows Appliances Exterior Features Garage/Carport Location Front Exposure Community Features
Carpet
Sold Price $LP/SF $SP/SF SP/$LP Ratio Sold Date DTC
$175,000 $77.69 $75.53 97.22% 07/21/09 111
One Story Blinds/Shades, Cathedral/Vaulted Ceiling
Dishwasher Mature Landscaping 2 Car Garage Close to Bus Line South Deed Restrictions
Copyright 2009 Mid-Florida Regional MLS, Inc. All rights reserved. Information is believed to be accurate but should 05:52 not bePM relied upon wi 12/23/2009
Comparable Property Location Prepared for New Rosemont
Comparable Address
# Beds
SqFt
4930 SAMOA CIR # 8
2
1,430
Days on Market
$160,000
List Price
3992 S LAKE ORLANDO PKWY
3
2,075
$195,000
3726 S LAKE ORLANDO PKWY
3
2,316
$295,000
4952 FIJI CIR # 4952
3
1,672
291
$189,000
$179,000
3894 N LAKE ORLANDO PKWY
4
3,288
63
$369,000
$338,200
4325 N LAKE ORLANDO PKWY
4
2,317
141
$180,000
$175,000
DANIEL PIMAS, GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500, Orlando, FL 32801 Office: 1.877.466.9732 | Cell: 1.877.466.9732 | Fax: 954.454.6739
Sale Price
Price Adjustments Prepared for New Rosemont
4930 SAMOA CIR # 8 Address: 4131 LAKE ORLANDO S PARKWA Status: List Price: Sale Price: Bedrooms: 4 Square Ft: 1550 LP/SqFt: SP/SqFt:
ACT $160,000
3992 S LAKE ORLANDO PKWY 3726 S LAKE ORLANDO PKWY ACT ACT $195,000 $295,000
2 1430
3 2075
3 2316
$0
$0
$0
$160,000
$195,000
$295,000
Adjustment 1: /- Amount: Adjustment 2: /- Amount: Adjustment 3: /- Amount: Adjustment 4: /- Amount: Adjustment 5: /- Amount: Adjustment 6: /- Amount: Adjustment 7: /- Amount: Adjustment 8: /- Amount: Total: $0
Adjusted List Pr: Adjusted Sale Pr: Notes:
Information provided is reliable but not guaranteed.
Price Adjustments Prepared for New Rosemont
Address: 4952 FIJI CIR # 4952 Status: List Price: Sale Price: Bedrooms: Square Ft: LP/SqFt: SP/SqFt:
SLD $189,000 $179,000 3 1672
3894 N LAKE ORLANDO PKWY 4325 N LAKE ORLANDO PKWY SLD SLD $369,000 $180,000 $338,200 $175,000 4 4 3288 2317
Adjustment 1: /- Amount: Adjustment 2: /- Amount: Adjustment 3: /- Amount: Adjustment 4: /- Amount: Adjustment 5: /- Amount: Adjustment 6: /- Amount: Adjustment 7: /- Amount: Adjustment 8: /- Amount: Total: $0
$0
$0
Adjusted List Pr: $189,000
$369,000
$180,000
Adjusted Sale Pr: $179,000
$338,200
$175,000
Notes:
Information provided is reliable but not guaranteed.
Pricing Your Property Prepared for New Rosemont
General Facts About Pricing... There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation. A property priced at market value will attract more buyers than a home priced above market value. Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.
Market Statistics... Sell Price Statistics Average Price: High Price: Median Price: Low Price:
Sell Price Per Sq. Ft. Statistics
$230,700 $338,200 $179,000 $175,000
Average Price/Sq Ft: High Price/Sq Ft: Median Price/Sq Ft: Low Price/Sq Ft:
$95 x 1,550 $107.06 x 1,550 $102.86 x 1,550 $76 x 1,550
$147,500 $165,900 $159,400 $117,100
Figures are based on selling price after adjustments, and rounded to the nearest $100.
Summary... Analysis of the selected comparable properties suggest similar properties are selling in the price range of: $175,000 to $338,200
Recommend Price: $230,700
DANIEL PIMAS, GRAND REALTY OF AMERICA 37 North Orange Ave. Ste 500, Orlando, FL 32801 Office: 1.877.466.9732 | Cell: 1.877.466.9732 | Fax: 954.454.6739
Estimated Seller's Net Proceeds Prepared for New Rosemont
Address: 4131 LAKE ORLANDO S PARKWA Estimated Sale Price: 1st Mortgage Balance: 2nd Mortgage Balance: Total Seller's Mortgage: Seller's Expenses
December 23, 2009
$230,700 $34,605 at 10.000% $0 at 0.000% $34,605
Buyer's Downpayment:
$11,535
Buyer's Total Mortgage:
$183,860
Figures are estimates only, not a guarantee, and are subject to change.
Doc Stamps on Deed: Marketing Fee: Contribution to Closing Costs: Inspection Fee:
Seller:
Date:
Agent:
Date:
Total Estimated Seller Expenses:
$0
Estimated Sale Price: Less Estimated Seller Expenses: Less Sellers Mortgage:
$230,700 $0 $34,605
Estimated Net Proceeds:
$196,095
Seller:
Date:
Preparing Your Home Prepared for New Rosemont
Exterior The condition of your home's exterior is most important when it comes to buyer appeal. - House number should be easy to read - Lights on timers to ensure house is lit up after sunset - Eaves troughs, and down spouts in good repair - Garage/car port clean and tidy - Litter picked up - Cracked or broken window panes replaced - Doorbell and door hardware in good repair - Touch up trim paint on doors, window frames, fascia, etc. - Mow, edge and weed the lawn frequently until the home is sold. - Overgrown shrubbery should be cut back to show as much of the exterior as possible. - A low-cost investment in seasonal flowers or ground cover will add a personal touch. - Inspect the roof for necessary repairs and any visible broken shingles or tiles. - Stucco water stains can be repaired using a mild bleaching agent. - Fences should be mended and painted. - Wash all windows inside and outside. Interior Warm and welcoming! - Lights should be on and drapes should be left open during daylight - Heat set at a comfortable temperature - Fresh flowers/plants in various rooms - Chipped plaster and paint touched up and repaired - Doors and cupboards properly closed - Leaky taps and toilets repaired - Burned out light bulbs replaced - Squeaky doors oiled - Mirrors, fixtures, and taps cleaned and polished - Seals around tubs and basins in good repair - Floors cleaned, garbage containers emptied - Inside of closets and cupboards neat and tidy - Valuable property, out of reach, out of sight, or locked away - Pets absent, where possible, or contained during showings - All torn screens should be repaired or replaced. - Avoid repainting the entire house unless current colors are very loud or offbeat. - White or light pastels are the easiest to work with and they make your rooms look larger. - Fireplace lit in cooler weather - Air conditioner turned on in warm weather - Countertops neat and polished - Appliances cleaned - Inside of closets and cupboards neat and tidy