Page 4 - 62 Fenmarsh Road Presentation

January 22, 2020
Alice Rubien Gregg Wagner
Dear Alice & Gregg:
Property Details: 62 Fenmarsh Road East Hampton, N.Y. 11937 Tax Map#:0300-023.00-03.00-024.000
Thank you for the opportunity to present this report to you for the potential sale of your property located at 62 Fenmarsh Road, East Hampton.
This Comparative Market Analysis (CMA) will help to provide an overall awareness and a clear understanding of your property’s real value as it compares to sold properties as well as active competes in our current sales market. Every property has positives and negatives as it relates to itself as well as how it relates to competing properties on the market and those recently sold.
In our opinion, 62 Fenmarsh Road is a fantastic property boasting many positives aspects:
• Waterfront with open views to Hog Creek
• Clearwater Beach Homeowners Association with private marina and beach access
• Ample waterside decking and walls of windows
• Mid-century feeling with great renovation capability
• Large parcel with ability to expand
Today’s market is price driven. Properties priced correctly to market or very near real value based on recent sold comparables within the past year, are generally selling within 5% of original list price. They are also selling within the first 6 months without having to reduce the price.
Your home is in a premier and sought-after location and with some staging, ready to sell. I would strongly suggest having an updated survey done as well as requesting an updated certificate of occupancy as this makes for a very clean and quick deal at stronger prices. Keeping in mind your history and affection for the property, the monetary and emotional expense already put into it and the overall goal for greatest net profit, I have spent significant time assessing the property as it compares to others that are currently on the market for sale and those that have sold over recent months.
Based on this research, knowledge of the subject property, overall market knowledge, attentiveness to current market listings for sale, those in process of being sold and those sold and closed, our conclusion of today’s real value for 62 Fenmarsh Road is currently between $850,000 and $950,000. If brought to market today, we would recommend a list price of $895,000.