Active Listings - Current Competition
Click Here > https://portal.onehome.com/en-US/share/1304278H19305

845 NE 125th St Unit #301 - Newest Competition

• Listed at $340,000

• 4 Days on the Market

• Elevator is currently not working

• Special Assessment is paid off

• Remodeled, staged, 654 sqft

• Likely overpriced

• No Rental Cap - Pet Friendly

Pending Listings - Current Market Indicators
Click Here > https://portal.onehome.com/en-US/share/1304280y00574

229 Linden Ave N Unit #308B - Most similar pending property

• 28 Days on Market

• Listed at $325,000 (second time pending; first buyer walked away with no explanation)

• Significantly larger, 696 sqft, Remodeled with many property amenities

• Rental Cap not yet met - Pet Friendly

Sold Listings - Actual Sales Prices
Click Here > https://portal.onehome.com/en-US/share/1304281c92933

303 N 130th St Unit #116 - Most similar Sold property

• 0 Days on Market

• Sold at $296,000 (Cash offer)

• Townhouse style with private back yard

• No Rental Cap - No Pet Restrictions

Based on 18 comparable sales, the market supports a listing price of $295,000 if it is staged, and we can reasonably expect a sale within 30 days, assuming the insurance renewal proceeds smoothly. However, if activity is slow, we will want to do a price drop at approximately 3 weeks of listing.
Pricing slightly below market at $285,000 may accelerate the sale although multiple offers appear unlikely.
We can test the market at $310,000, however, I do not recommend it. I have concern that if an offer is received at this price, the appraisal will come in lower, and the purchase price will need reduced. You also run a much higher risk of staying on the market for 2 months or longer.

Key Features

• Pros: Recently remodeled (consistent with most comparables), proven financing, private backyard, HOA dues included

• Cons: Street parking only, modest square footage, rental cap reached, limited community amenities

Staging Recommendation
14 of the 18 comparables were professionally staged (one was virtually staged), and buyer expectations for this size home favor staging. I strongly recommend staging to maximize appeal.

Agent Compensation
Fourteen of the 18 comparables offered 2.5% to the selling agent. To remain competitive, I advise matching the offer.

Days on Market
The average cumulative days on market for these comparables is 59 days, including listings still active. Proper pricing, staging, and marketing should help us beat that timeline.

LISTING TIMELINE + NEXT STEPS

ASAP

• Order Resale Certificate and Condo Questionnaire

Friday May 16th - Remodel Complete (waiting for dishwasher)

*Tara can handle overseeing access from this point forward

Monday May 19th (Approximate)

• Cleaners

• Paperwork for review

Tuesday May 20th (Approximate) - Stagers

Wednesday May 21st (Approximate)

• Photos (Included in listing services)

• Paperwork finalized and signatures

Thursday May 22nd (Approximate) - List Date

Sunday May 25th (Approximate) - Open House

MARKETING MIX

• On-site showing directions

• On-site amenities list and link to access resale certificate

• Professionally designed flyers and print materials

• Custom listing website

• Open house as needed

• Informational text message to all scheduled showing agents with detailed showing instructions

• Professional photography

• Social media marketing blitz

• Walkthrough video