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Comparable Market Analysis
Friday, October 10, 2008
For
MS Home Solutions
311 Elizabeth Avenue
Hattiesburg, MS 39401
By
David McMillen of At Home Real Estate, LLC
117 E Front St.
Hattiesburg, MS 39401
Office Phone - (601) 310-7086
isell4you@bellsouth.net
Comments
LISTING PRICE RECOMMENDATION
Low....................$ 113,138
High...................$ 165,480
Recommended......$ 136,990
This report is not an appraisal and is not intended to meet the requirements set out in the Uniform Standards of Appraisal
Practice. If an appraisal is desired, the services of a licensed appraiser should be obtained.
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CMA: Mapping prepared for MS Home Solutions
Map of Subject And Comparable Properties
Legend
Active Sold Pending Withdrawn Cancelled Expired
Subject: 311 Elizabeth Avenue Hattiesburg MS 39401
1. 312 3rd , Hattiesburg MS 39401
2. 422 South 23rd , Hattiesburg MS 39401
3. 212 South 12th , Hattiesburg MS 39401
4. 202 Thompson , Hattiesburg MS 39401
5. 407 5th , Hattiesburg MS 39401
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CMA: Subject Property prepared for MS Home Solutions
Subject Property Description
Address 311 Elizabeth Avenue
Hattiesburg, MS 39401
Total Bedrooms 3
Total Bathrooms 2
Actual SqFt 1494
Year Built 1915
# Fireplaces 2
Lot Dimensions 50 x 299
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CMA: Subject and Comparable Properties prepared for MS Home Solutions
Subject 71543 72577 74779
311 Elizabeth Avenue 312 3rd Ave. 422 South 23rd Ave. 212 South 12th Ave.
Hattiesburg MS 39401 Hattiesburg MS Hattiesburg MS Hattiesburg MS
List Price $225,000 $183,500 $119,500
Original List Price $249,872 $183,500 $119,500
Sold Price $206,500 $178,000 $118,500
Status Sold Sold Sold
Status Date 12/10/2007 11/30/2007 07/21/2008
Days on Market 112 32 21
Adjustment +/- +/- +/-
Total Bedrooms 3 3 3 3
Total Bathrooms 2 2.00 2.00 2.00
Actual SqFt 1494 2,540 -42520 1,680 -9854 1,281 +9852
Year Built 1915 1900 2007 2005
# Fireplaces 2 3 +2000 +1000 +2000
Lot Dimensions 50 x 299 100' x 150' 72 x 150 50' x 150'
(MOL)
Total Half Bathrooms -500
Age -5000 -5000
Porch/Patio/Deck -1000
Garage -2500
Carport -1500
Condition
Fence
Adjusted Price $136,990 $165,480 $163,146 $121,352
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CMA: Subject and Comparable Properties prepared for MS Home Solutions
Subject 75145 73652
311 Elizabeth Avenue 202 Thompson St. 407 5th Ave.
Hattiesburg MS 39401 Hattiesburg MS Hattiesburg MS
List Price $119,000 $122,000
Original List Price $119,000 $122,000
Sold Price $107,000 $115,000
Status Sold Sold
Status Date 08/01/2008 03/21/2008
Days on Market 15 9
Adjustment +/- +/- +/-
Total Bedrooms 3 2 +2000 2 +2000
Total Bathrooms 2 2.00 1.00
Actual SqFt 1494 1,187 +13836 1,544 -1862
Year Built 1915 1930 1922
# Fireplaces 2 +1000 3 -1000
Lot Dimensions 50 x 299 75x135 50X120 +1000
Total Half Bathrooms
Age
Porch/Patio/Deck -1000
Garage -2500
Carport -1500
Condition +1500 +1500
Fence -1000 -1000
Adjusted Price $136,990 $121,836 $113,138
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CMA: Statistical Summary prepared for MS Home Solutions
Price Analysis
Summary of Closed Listings
List # Address List Price DOM Sold Date Sold Price Total Adjustments Adjusted Price
71543 312 3rd Ave., Hattiesburg MS $225,000 112 12/07/2007 $206,500 $-41,020 $165,480
72577 422 South 23rd Ave., Hattiesburg MS $183,500 32 11/30/2007 $178,000 $-14,854 $163,146
74779 212 South 12th Ave., Hattiesburg MS $119,500 21 07/18/2008 $118,500 $2,852 $121,352
75145 202 Thompson St., Hattiesburg MS $119,000 15 07/31/2008 $107,000 $14,836 $121,836
73652 407 5th Ave., Hattiesburg MS $122,000 9 03/21/2008 $115,000 $-1,862 $113,138
Low, Average, Median, and High Comparisons
Closed Overall
Low $113,138 $113,138
Average $136,990 $136,990
Median $121,836 $121,836
High $165,480 $165,480
Overall Market Analysis (Unadjusted)
Avg. Avg. List
Avg. List Avg. Sold Sale/List SOLD $/SOLD Avg. Sold Avg.
Status # List Vol. Price Sold Vol. Price Price SqFt. SqFt. $/SOLD SqFt. Dom
Closed 7 1,133,000 161,857 1,089,000 155,571 0.96 1,677 96.95 93.24 27
Overall 7 1,133,000 161,857 1,089,000 155,571 0.96 1,677 96.95 93.24 27
Selection Criteria for Comparable Properties
Specified listings from the following search: Property type Residential;
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CMA: Listing Price Recommendation prepared for MS Home Solutions
Listing Price Recommendation
Low $113,138
High $165,480
Recommended $136,990
Calculation Method: Recommended Price is generated using the average price of the comparables.
High/Low Prices are generated using the High/Low Price of the comparables
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