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ARI

LEE

Luxury Home Marketing Specialist
Licensed in CT & NY

PRICE & ANALYSIS FOR
59 Midland Rd LLC
59 Midland Rd, Waterbury, CT 06705

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 $400,000 - $425,000, 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 came up.

Based on the search results, here are some key details about recent sales and potential ARV (After Repair Value) for the new construction property at 59 Midland Rd, Waterbury, CT 06705:

### Property Details:
- **Address**: 59 Midland Rd, Waterbury, CT 06705
- **Type**: New construction single-family home
- **Bedrooms**: 3
- **Bathrooms**: 3
- **Square Footage**: 1,310 sq ft
- **Lot Size**: 1.15 acres
- **Year Built**: 2025
- **Current Listing Price**: $399,999
- **Price per Square Foot**: $305/sq ft

### Recent Comparable Sales:
1. **31 Midland Rd**:
- **Sold for**: $269,000 on January 9, 2025
- **Details**: 3 beds, 2 baths, 1,670 sq ft

2. **Property 0.05 miles away**:
- **Sold for**: $269,000 on January 9, 2025
- **Details**: 3 beds, 2 baths, 1,670 sq ft

3. **Property 0.20 miles away**:
- **Sold for**: $405,000 on November 8, 2024
- **Details**: 3 beds, 3 baths, 1,500 sq ft

4. **Property 0.23 miles away**:
- **Sold for**: $389,900 on September 26, 2024
- **Details**: 3 beds, 3 baths, 1,500 sq ft

### Estimated Market Value:
- **Zestimate**: $394,900 (range: $363,000 - $430,000)

### Market Trends for New Construction in Waterbury, CT:
1. **Limited Inventory**: There are limited new construction homes available in Waterbury.
2. **Rising Home Values**: The average home value in the 06705 zip code is $239,446, up 9.9% over the past year. The average home value in Waterbury overall is $255,638, up 9.5% over the past year.
3. **Competitive Market**: Homes are going under contract relatively quickly, with properties pending in around 23 days on average.
4. **Higher Prices for New Construction**: New construction homes typically sell at a premium. The median listing price for new construction homes in Waterbury is $289,900.
5. **Steady Appreciation**: Consistent year-over-year increases in home values suggest new construction homes are likely appreciating at a similar rate.
6. **Affordability Concerns**: Rising prices could present affordability challenges for some buyers, potentially impacting demand for new homes.

### Summary:
The current listing price of $399,999 for 59 Midland Rd appears to be at the higher end of the local market for new construction. The ARV for this property is likely in the range of $390,000 to $410,000, considering its new construction status, larger lot size, and the recent comparable sales in the area. 

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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