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<ul><li> 1. COMPARATIVE MARKET ANALYSIS 616 81st Avenue N , Brooklyn Park, MN 55444 PREPARED FOR Andrew Mayamba MARCH 25, 2014 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ </li></ul><p> 2. INTROWHAT IS A CMA? No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. Thats 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, zip 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. 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. How is the CMA created? CMAs are generated by a computer program supplied by your real estate agents 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 services 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 buyers agents create them for their buyers so both sides know what current market conditions are for the homes theyre 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 professionals knowledge and advice. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 3. INTROTHE VALUE OF YOUR HOME In a neighborhood of similar homes, why is one worth more than another? Thats the question thats teased buyers and sellers for ages, but the answer is simple. Your real estate professional can help you determine the true value of your home. Every home is different. When a home is sold, a willing seller and a willing buyer have just announced to the world the value of that home. From there, other similar homes are benchmarked, 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 values because theyre built using more materials. Larger lot sizes mean more privacy. Number of bedrooms and baths - Over time, median homes have grown larger. Decades ago, household members shared bedrooms and baths without complaint, but today, families want more privacy. The median home purchased today is a three-bedroom, two-bath home. 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. Its perceived as more modern, up to date, and perhaps safer. Homes that are not updated or in poor repair sell for less. Its a good idea for homeowners to keep their homes updated and in top repair. Curb appeal - From the street, the home looks clean, fresh, and inviting. Fresh landscaping and flowers wont 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, or paint colors, or the overall taste of the homeowner. Valuing a home will never be an exact science, but if you buy wisely, keep your home updated and in good repair, you should recoup most if not all of your investment. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 4. INTRO Download this report (PDF) What is this bar code? This QR code makes it easy for you to download this report to your smart phone. 1. Make sure your phone can scan a QR code with its camera. If you don't already have one, you can try http://cloudcma.com/qr on your phone's browser to download an app, or do a Google search for the model of your phone along with the term "QR reader". 2. Now use that app to scan the QR code above. Realty Connect RealtyConnect Address 3169 Fernbrook Ln N E-mail sales@realtyconnectmn.com Office (763) 447-3151 Web http://www.realtyconnectmn.com Blog http://www.realtyconnectmn.com/blog/ Twitter https://twitter.com/RealtyConnect1 Facebook https://www.facebook.com/ RealtyConnectMN CONTACT ME Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 5. INTROMAP OF ALL LISTINGS MLS # Status Address Price 0 Subject 616 81st Avenue N , Brooklyn Park, MN 55444 1 4425238 X 7007 Newton Avenue N $174,900 2 4431095 X 7616 Scott Avenue N $199,000 3 4432775 S 7952 Lad Parkway $169,800 4 4436058 S 7416 Lee Avenue N $185,000 5 4439706 P 7616 Scott Avenue N $189,900 6 4455808 P 6917 71st Avenue N $164,900 7 4446267 A 7908 Brunswick Avenue N $183,000 8 4452419 A 3433 77th Avenue N $189,900 9 4455063 A 1932 Whitewater Trail $189,900 10 4455564 A 3017 84th Avenue N $186,900 11 4457442 A 6024 Candlewood Court $189,900 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 6. Status: X = Expired, S = Sold, P = Pending, A = Active Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 7. ANALYSISSUGGESTED LIST PRICE Analysis of the comparable properties suggests a list price of: $184,900 Here are some other pricing factors to consider: Low Median Average High Proj. value $/sqft All listings $164,900 $186,900 $183,918 $199,000 $198,424 Active listings $183,000 $189,900 $187,920 $189,900 $204,178 Sold listings $169,800 $169,800 $177,400 $185,000 $198,315 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 8. INTROSUMMARY OF COMPARABLE PROPERTIES Expired Listings Address Beds Baths YrBlt SqFt List Price Sold Price Sold Date 7007 Newton Avenue N 4 2.00 1961 2,000 $174,900 7616 Scott Avenue N 4 2.00 1964 2,092 $199,000 Averages 2,046 $186,950 Sold Listings Address Beds Baths YrBlt SqFt List Price Sold Price Sold Date 7952 Lad Parkway 4 2.00 1977 1,920 $169,800 $169,800 Dec 27, 2013 7416 Lee Avenue N 4 2.00 1968 1,842 $179,990 $185,000 Feb 20, 2014 Averages 1,881 $174,895 $177,400 Pending Listings Address Beds Baths YrBlt SqFt List Price Sold Price Sold Date 7616 Scott Avenue N 4 2.00 1964 2,092 $189,900 6917 71st Avenue N 4 2.00 1958 1,812 $164,900 Averages 1,952 $177,400 Active Listings Address Beds Baths YrBlt SqFt List Price Sold Price Sold Date 7908 Brunswick Avenue N 4 2.00 1966 2,010 $183,000 3433 77th Avenue N 4 2.00 1977 2,010 $189,900 1932 Whitewater Trail 4 2.00 1965 1,800 $189,900 3017 84th Avenue N 4 2.00 1978 2,152 $186,900 6024 Candlewood Court 4 2.00 1977 1,754 $189,900 Averages 1,945 $187,920 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 9. LISTINGS Status List Price Sold Price List Date Sold Date DOM Year Built Square Feet Lot Size Lot Dims City Area Subdivision Style Taxes Bedrooms Bathrooms Garages 616 81st Avenue N , Brooklyn Park, MN 55444 Subject 184,900 1953 2,100 0 100x400 SUNKIST ACRES (SF) One Story 1945 4 2.0 1 7007 Newton Avenue N Expired $174,900 Oct 25, 2013 85 1961 2,000 0.230 79X125 Brooklyn Center $2,246 4 2.00 2 7616 Scott Avenue N Expired $199,000 Nov 19, 2013 49 1964 2,092 0.260 91x147 Brooklyn Park Donnays Brookdale Estates $2,183 4 2.00 2 7952 Lad Parkway Sold $169,800 $169,800 Nov 27, 2013 Dec 27, 2013 31 1977 1,920 0.220 0 Brooklyn Park Lake Terrace Estates $2,333 4 2.00 2 COMPARABLE PROPERTIES Source: NorthstarInformation is deemed reliable but not guaranteed. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 10. LISTINGS Status List Price Sold Price List Date Sold Date DOM Year Built Square Feet Lot Size Lot Dims City Area Subdivision Style Taxes Bedrooms Bathrooms Garages 616 81st Avenue N , Brooklyn Park, MN 55444 Subject 184,900 1953 2,100 0 100x400 SUNKIST ACRES (SF) One Story 1945 4 2.0 1 7416 Lee Avenue N Sold $179,990 $185,000 Dec 18, 2013 Feb 20, 2014 22 1968 1,842 0.490 N85X198X160X158 Brooklyn Park Donnays Brookdale $2,182 4 2.00 2 7616 Scott Avenue N Pending $189,900 Jan 13, 2014 66 1964 2,092 0.260 91x147 Brooklyn Park Donnays Brookdale Estates $2,183 4 2.00 2 6917 71st Avenue N Pending $164,900 Mar 14, 2014 7 1958 1,812 0.320 100X135X111X134 Brooklyn Park Park Lane $1,878 4 2.00 2 COMPARABLE PROPERTIES Source: NorthstarInformation is deemed reliable but not guaranteed. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 11. LISTINGS Status List Price Sold Price List Date Sold Date DOM Year Built Square Feet Lot Size Lot Dims City Area Subdivision Style Taxes Bedrooms Bathrooms Garages 616 81st Avenue N , Brooklyn Park, MN 55444 Subject 184,900 1953 2,100 0 100x400 SUNKIST ACRES (SF) One Story 1945 4 2.0 1 7908 Brunswick Avenue N Active $183,000 Feb 10, 2014 43 1966 2,010 0.270 80x120x97x173 Brooklyn Park Shingle Creek Terrace $2,180 4 2.00 2 3433 77th Avenue N Active $189,900 Mar 4, 2014 21 1977 2,010 0.000 79x148 Brooklyn Park $3,189 4 2.00 2 1932 Whitewater Trail Active $189,900 Mar 12, 2014 13 1965 1,800 0.250 80X141X80X138 Brooklyn Park $1,706 4 2.00 2 COMPARABLE PROPERTIES Source: NorthstarInformation is deemed reliable but not guaranteed. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 12. LISTINGS Status List Price Sold Price List Date Sold Date DOM Year Built Square Feet Lot Size Lot Dims City Area Subdivision Style Taxes Bedrooms Bathrooms Garages 616 81st Avenue N , Brooklyn Park, MN 55444 Subject 184,900 1953 2,100 0 100x400 SUNKIST ACRES (SF) One Story 1945 4 2.0 1 3017 84th Avenue N Active $186,900 Mar 14, 2014 11 1978 2,152 0.260 68x186x78x151 Brooklyn Park $2,494 4 2.00 2 6024 Candlewood Court Active $189,900 Mar 19, 2014 6 1977 1,754 0.250 E131x124x92x71 Brooklyn Park $1,947 4 2.00 3 COMPARABLE PROPERTIES Source: NorthstarInformation is deemed reliable but not guaranteed. Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 13. ANALYSIS Expired Listings Number of listings 2 Lowest price $174,900 Average price $186,950 Highest price $199,000 Avg price per sqft $91 Avg DOM 67 Sold Listings Number of listings 2 Lowest price $169,800 Average price $177,400 Highest price $185,000 Avg price per sqft $94 Avg DOM 26 Pending Listings Number of listings 2 Lowest price $164,900 Average price $177,400 Highest price $189,900 Avg price per sqft $91 Avg DOM 36 COMPARABLE PROPERTY STATISTICS Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 14. Active Listings Number of listings 5 Lowest price $183,000 Average price $187,920 Highest price $189,900 Avg price per sqft $97 Avg DOM 18 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 15. ANALYSISONLINE VALUATION ANALYSIS Expired Listings Address List Price Zestimate Difference 7007 Newton Avenue N $174,900 $157,477 -9.96% 7616 Scott Avenue N $199,000 $177,199 -10.96% Sold Listings Address Sold Date Sold Price Zestimate Difference 7952 Lad Parkway Dec 27, 2013 $169,800 $169,209 -0.35% 7416 Lee Avenue N Feb 20, 2014 $185,000 $160,548 -13.22% Sold Averages $177,400 $164,878 -6.78% Pending Listings Address List Price Zestimate Difference 7616 Scott Avenue N $189,900 $177,199 -6.69% 6917 71st Avenue N $164,900 $134,643 -18.35% Active Listings Address List Price Zestimate Difference 7908 Brunswick Avenue N $183,000 $167,466 -8.49% 3433 77th Avenue N $189,900 $163,203 -14.06% 1932 Whitewater Trail $189,900 $144,383 -23.97% 3017 84th Avenue N $186,900 $183,522 -1.81% 6024 Candlewood Court $189,900 $160,761 -15.34% Source: Northstar Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 16. ANALYSISSOLD PROPERTY ANALYSIS Address List Price Sold Price Difference DOM $ per Sqft 7952 Lad Parkway $169,800 $169,800 0.00% 31 $88 7416 Lee Avenue N $179,990 $185,000 2.78% 22 $100 Sold Averages $174,895 $177,400 1.43% 26 $94 Realty Connect | RealtyConnect | 3169 Fernbrook Ln N | sales@realtyconnectmn.com | Office: (763) 447-3151 | http://www.realtyconnectmn.com | http://www.realtyconnectmn.com/blog/ 17. INFOCOMMISSION DISTRIBUTION Real Estate Agents Nearly nine out of 10 real estate agents work on commission, and are paid only when the transaction closes. Except for the legal profession, real estate agents are the only fiduciaries and agents who work this way. Commissions are paid according to the terms of two contracts - the listing agreement, and the sales contract. To simplify how commissions are routed, the real estate industry customarily...</p>