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ARI

LEE

Luxury Home Marketing Specialist
Licensed in CT & NY

PRICE & ANALYSIS FOR
160 Lake Plymouth Blvd, Plymouth, CT 06782

There's not much inventory on the market like your property.  Because of this, I would suggest you list your property "As Is" and let the offers come in, then you can decide which one to pick from. This situation could work in your favor, as we can list your property in the price range from $500,000 - $550,000, attract multiple showings, and hopefully create a competitive bidding environment. The best way to find our sweet spot is to present it to serious buyers to gauge their offers. Once we launch on the market, we can assess our approach after one week to see if our pricing is on point, ensuring we maximize your returns.     

To accelerate the sale, we must engage genuinely interested buyers. This can be accomplished by listing on the MLS, promoting through top local brokers' sites, and directly contacting their clients via email.

I recommend starting with this price. If we don't receive any viewings or favorable offers in the next few weeks, we can reevaluate our pricing strategy.

Provided below is the expected price range for selling your property. 

Naturally, this is merely a ballpark figure and may fluctuate higher or lower, depending on any refurbishing or enhancements you've made to make the property market-ready. 

Below is a summary of the ARV comps that I was able to find

Based on recent home sales and current real estate market trends, here are the comparable properties (comps) for 160 Lake Plymouth Blvd, Plymouth, CT 06782:

### Recent Comparable Sales:
1. **24 West Park, Plymouth, CT**
- **Sold for**: $325,000 on February 10, 2025
- **Details**: 3 beds, 2 baths, 1,824 sqft

2. **47 Hosier Rd, Plymouth, CT 06782**
- **Sold for**: $220,000 on February 21, 2025
- **Details**: 3 beds, 1 bath, 954 sqft

3. **41 Fall Mountain Lake Rd, Terryville, CT 06786**
- **Sold for**: $307,000 on February 14, 2025
- **Details**: 3 beds, 1 bath, 1,360 sqft

4. **27 Lake Forest, Plymouth, CT**
- **Sold for**: $320,000 on January 22, 2025
- **Details**: 4 beds, 2 baths, 1,300 sqft

5. **19 E Hill, Plymouth, CT**
- **Sold for**: $315,000 on January 31, 2025
- **Details**: 3 beds, 2 baths, 1,658 sqft

### Real Estate Market Trends for Plymouth, CT (2025):
- **Average Home Value**: $305,498 (up 7.3% over the past year)
- **Median Listing Home Price**: $279,900 in January 2025 (down 3.4% year-over-year)
- **Median Sale Price in 06782 Zip Code**: $433,000 in January 2025 (up 65.1% compared to last year)
- **Market Competitiveness**: Very competitive, with many homes receiving multiple offers and selling for about 2-3% above list price.
- **Average Days on Market**: 34-40 days (faster than last year's average of 48 days)
- **Sales Volume**: 6 homes sold in January 2025 in the 06782 zip code (down from 11 last year)
- **Inventory Trends**: Expected improvement in 2025, potentially attracting more buyers.

### Analysis:
The subject property at 160 Lake Plymouth Blvd is currently listed for $550,000, which is significantly higher than the recent sales of comparable properties. However, it's worth noting that the subject property has been extensively renovated and offers unique features such as waterfront access and smart home capabilities, which can justify a higher price.

### Estimated ARV (After Repair Value):
Based on the recent sales and considering the unique features and renovations of the subject property, a reasonable estimate for the ARV would be in the range of $425,000 to $475,000. This takes into account the higher end of the market and the premium features of the property. 

Best,

Ari Lee


TOP 8 REASONS WHY WE SHOULD WORK TOGETHER


  1. I will get it listed on the MLS for Free (a $300 value) and attempt to get it Sold within the next 30 days or less. 
  2. I would do 100% of the work and organize all the showings for you, so you would no longer have to show it alone. 
  3. I will take professional photos and create a video home tour for you, at my expense (an $800 value). See samples below. 
  4. I will syndicate your listing on Zillow, Realtor.com, Redfin, Trulia, and all the major broker websites ie: Compass, KW, Century 21, Berkshire Hathaway, etc.

  5. I would charge only 2.5% when it sells at the right price. My 2.5% will cover the entire transaction, including compensation for the buyer's broker. (Saving you up to 3% on Unnecessary Commission)
  6. Our listing agreement is Non-Exclusive, which means I will still allow you to sell the property on your own, and if you bring a buyer, then you owe me nothing. 
  7. No long-term listing agreements.  I would only ask for you to list your property for 30 days, at a time.
  8. For your safety and security, we require that every buyer show they are pre-qualified or have proof of funds, before seeing your home and that a licensed real estate agent accompanies them at every showing.  Nothing is worse than allowing strangers off the street (ie: Zillow Shoppers) into your home, without having any clue as to who they are or their intentions. 
 
If you feel that our relationship isn’t what you expected, you can fire me at any time and we will stop the listing, asap.

If all of this sounds fair, would you be free to meet up one day this week to go over my strategy on how I would get it sold?


























HERE ARE SAMPLES OF PHOTOS AND A VIDEO HOME TOUR I WOULD TAKE OF YOUR HOME




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