COMPARATIVE MARKET ANALYSIS ORDER DETAIL Date Ordered
03/11/2013
Address
89 Koyen St
Order #
Inspection
Exterior
City
Fords
Cost Center
Loan #
176238010
County, State
Middlesex, NJ
Ordered By
Alicia Thomas
Zip
08863
Inspection Date
03/13/2013
2nd Loan # Borrower HOA
William L Foster
NO
Parcel #
Name
BLOCK 8.05 LOT 6.01
Completed
--
Phone
wfb3-11 7.30b
03/21/2013 Monthly
Dues
Annually
SUBJECT PROPERTY MLS #
Agent Name
Agent Phone
Currently Listed
--
Prev Listed
--
Prev Sold
DOM
List $
--
Sale $
Sale/Exp Date
$89,000
06/02/1998
SUBJECT DETAIL Property Type
Cond Sq Ft Bsmt
Single Fam Attached
Avg
Subj Condition
Total Bd Bth Gar Rms
1200 Un Fin
5
2
1
0
Lot
Age Pool Spa
3224
73
N
Data Source
Occupied
N
Public Records
Vac
Subject is a 1/2 duplex with a full basement and no garage. It appears to be in average condition. COMPARABLE SALES
Address
Total Bd Bth Gar Rms
Cond Sq Ft Bsmt
Lot
Age Pool Spa DOM
List $
Sale $
Sale Date
Data Dist Source
585 Ridgedale Ave Good Woodbridge 15 Chrome Ave , Carteret, NJ Avg
1200 Un Fin
5
2
1
0
2500
77
N
N
210
$157,000
$142,000 07/31/12
MLS
2.4
1300 Un Fin
6
3
1
1
2500
107
N
N
232
$129,900
$120,000 01/08/13
MLS
4.9
39 Freeman St , Woodbridge, NJ
1200 Un Fin
5
2
1
0
2500
65
N
N
190
$134,900
$130,000 02/25/13
MLS
2.4
Avg
Comp 1
1/2 duplex. Full Unf. Basement. Patio in rear vinyl siding fenced yard some wood finished flooring.
Comp 2
No repairs or upgrades, brick exterior - inferior location - busy street
Comp 3
Equal square footage and condition - no repairs or upgrades - alarm system, hardwood flooring - open porch - $3900 in concess
COMPARABLE LISTINGS Address
Total Bd Bth Gar Rms
Cond Sq Ft Bsmt
693 Colgate Ave , Perth Amboy, NJ 311 Harris St. Carteret, NJ 51 Koyen St , Fords, NJ
Lot
Age Pool Spa DOM
Original List $
Current List $
/LVW 'DWH
Data Dist Source
Aver
1150
Fin
4
2
1
0
2300
62
N
N
101
$149,900
$139,900 12/02/12
MLS
1
Fair
1350
Full
6
3
1.5
1
2100
12
N
N
48
$149,000
$149,000 11/07/12
MLS
5.5
Aver
1200
Full
5
2
1
0
2500
78
N
N
40
$149,000
$149,000 01/18/13
MLS
0.1
Comp 1
No repairs or upgrades - inferior location - partially finished basement - overpriced
Comp 2
REO , Newer home in need of painting carpet, and repairs. Seller offering financing.
Comp 3
No repairs or upgrades - deck and fenced yard MARKET CONDITIONS
Neighborhood Density
Rural
Neighborhood Values
Increasing
Decreasing
X
Stable
Local Economy
Strong
Depressed
X
Stable
Housing Supply
Shortage
Competing New Construction
In Balance
X Surplus X No
Yes
Neighborhood Value Range
Urban
X Suburban
Low $70,000
High $280,000
Comment on Supply for Market
Over priced listings, presence of reo/short sale in market
Comment on Demand for Market
Interest rates are still favorable, buyers are looking to buy when rates and prices are still low SUBJECT MARKETABILITY
Describe Subject Neighborhood
Subject lies in the fords section of woodbridge township
Overall Cond Compared to Nbhd
Subject is a 1/2 duplex and compares well to the neighborhood
Positive Features
Good residential market area
Negative Features
Subject is 1/2 duplex - in current market buyers can purchase a single family dwelling instead of 1/2 duplex
Exterior Repairs/Clean-up
None noted
Est. Repair Cost
ESTIMATED LIST/SELL PRICE (SALES COMPARISON APPROACH) Suggested List Price
Projected Sales Price
Avg Mktg Time
Quick Sale
$109,900
$105,000
30
As Is
$129,900
$125,000
131
Repaired
$129,900
$125,000
131
Comments
Broker recommends interior, termite and environmental inspections prior to marketing subject proeprty. Subject is a 1/2 duplex - limited number in the entire county. Broker had to expand search to other comparable towns and use some single family dwellings. Values had been decreasing over the past several years, but have started to stabilize. AGENT INFORMATION
Prepared By
Ronald Madeira
Office / Address
C21 Charles Smith Agency 1931 HWY 27 Edison, NJ 08817
Years of Experience
31
Phone
800-985-1515
Fax
732-572-1243
Email
[email protected] QC REVIEW
Approved This CMA is not an appraisal and should not be considered the equivalent of an appraisal. Goodman Dean, Inc. - 10833 Valley View, Suite 500, Cypress, CA 90630 - 714 229-8999 - Fax 714-229-9143 - E-Mail
[email protected]
SUBJECT EXTERIOR Loan #: 176238010 2nd Loan #: Address: 89 Koyen St
Front View
Side View
Street View
SUBJECT EXTERIOR Loan #: 176238010 2nd Loan #: Address: 89 Koyen St
Address Verification
Optional Exterior 1
Optional Exterior 2
COMP SALE Loan #: 176238010 2nd Loan #: Address: 89 Koyen St
Comp Sale #1
Comp Sale #2
Comp Sale #3
COMP LISTING Loan #: 176238010 2nd Loan #: Address: 89 Koyen St
Comp Listing #1
Comp Listing #2
Comp Listing #3
PROPERTY MAP Loan #: 176238010 2nd Loan #: wfb3-11 7.30b Address: 89 Koyen St
Comp Sale 1
585 Ridgedale Ave Woodbridge
2
15 Chrome Ave , Carteret, NJ
3
39 Freeman St , Woodbridge, NJ
Comp Listing 4
693 Colgate Ave , Perth Amboy, NJ
5
311 Harris St. Carteret, NJ
6
51 Koyen St , Fords, NJ
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