"This is an opinion of value or Comparative Market Analysis and should not be considered an appraisal . In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation ."

Researched and prepared by

Luis Amaya-Fogg

Subject Property

10601 Shadrach Court Henrico

Prepared exclusively for

Bahman Sharif Prepared on March 31, 2023

Luis Amaya-Fogg Virginia Capital Realty 1106 North Thompson St Richmond, VA 23230 804-545-6300 [email protected]

23059-4521

10601 Shadrach Court Henrico, 23059

Friday, March 31, 2023

CMA Map Layout This page displays the Map for the CMA Subject and your comparables.

1 2 3

10601 Shadrach Court 10912 Forest Trace Lane 1601 Cadmus Court 1836 Greenwood Glen Drive

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty

10601 Shadrach Court Henrico, 23059

Friday, March 31, 2023

Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.

Sold Listings Address 10601 Shadrach Court 10912 Forest Trace Lane 1601 Cadmus Court 1836 Greenwood Glen Drive Averages:

Price

$370,000 $412,012 $420,000 $400,671

Bds Bth 4 2.1 3 2 4 2 4 2 3.7 2.1

Sqft Tot 2254 1,891 1,850 2,369 2,037

Acres 0.220 0.265 0.230 0.389 0.295

Sales Date

DOM

02/23/2023 03/08/2023 12/12/2022

5 2 4 4

Low

Median

Average

High

Count

Comparable Price

$370,000

$412,012

$400,671

$420,000

3

Adjusted Comparable Price

$400,000

$442,000

$440,671

$480,012

3

On Average, the 'Sold' status comparable listings sold in 4 days for $400,671

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty

10601 Shadrach Court Henrico, 23059

Friday, March 31, 2023

Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis. Status: Sold MLS#

Stat Date

Address

City

2231955

02/23/2023

10912 Forest Trace Lane

2301223

03/08/2023

2227161

12/12/2022

Sqft

Bds

Bth

1,891

3

2.5

$370,000

1601 Cadmus Court

1,850

4

2.5

$412,012

1836 Greenwood Glen Drive

2,369

4

2.5

$420,000

2,037

4

2.5

$400,671

Averages:

L/S Price

Summary Status

Total

Avg Price

Avg $ Per SqFt

Median

Low

High

ACTIVE PENDING SOLD

3

$400,671

$198.55

$412,012

$370,000

$420,000

3

$400,671

$198.55

$412,012

$370,000

$420,000

SOLD NON-MLS LEASED LSD PURCH PEND EXPIRED TEMP WITH RELEASED Total

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty

10601 Shadrach Court Henrico, 23059 Friday, March 31, 2023

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 10601 Shadrach Court MLS# Status List Price List Date Sold Price Sold Date Subdiv City/County Zip Sqft Total # Levels DOM

Beds Baths Parking Pool on Prop

Year Built Acres # Cars Renovated Garage YN

Details

Adjust

10912 Forest Trace Lane 2231955 Sold $364,950 12/09/2022 $370,000 02/23/2023

Forest Trace Magnolia Ridge Henrico Henrico 23059 23059 1,891 2254 2 2 5 8 3 4 2 (2 1) 2.1 (2 1) Covered, Off Street, Paved Driveway False No 1994 2001 0.265 ac / 11,543 Sf 0.22 2 Somewhat No Yes

Remarks: 4 bedroom,2.5 bath home with 2 car attached garage on quiet cul-de-sac lot in desirable Magnolia Ridge subdivision.Open floor plan offers good size kitchen opening to spacious family room.Home offers formal dining room.Primary bedroom offers full bath and walk in closet.Family Room opens to custom patio overlooking large fenced in rear yard.Home has 2 zone central AC and GasHeat.Cul-de-sac lot offers privacy while

Price Total Adjustments Adjusted Price

Details

Adjust

1601 Cadmus Court 2301223 Sold $389,950 02/07/2023 $412,012 03/08/2023 0 0 0 71,000 0 0 0 0/0 0 0 0 0 0 -15,000 16,000

Well maintained , ONE owner, two story home located on a private cul-de-sac in the quiet subdivision of Forest Trace and sought after Glen Allen School District. Full size front porch with main and secondary entrances. New LVP flooring and fresh paint in foyer, living & dining room and half bath. Spacious kitchen with breakfast nook leading to the secondary entrance hallway and utility room with washer /dryer connections. The second

$370,000 $72,000 $442,000

Magnolia Ridge Henrico 23059 1,850 2 2 4 2 (2 1) False 1996 0.230 ac / 10,019 Sf 1 Somewhat Yes

0 0 0 70,000 0 0 0 0/0 0 0 0 0 0 -10,000 8,000

Move-in ready!!! Welcome to this charming house in the popular Magnolia Ridge subdivision close to Virginia Center Commons with a stunning 2-story foyer. On one side of foyer is a nice size formal living and the other side a dining room leads to an inviting kitchen w/eat-in area and accessible to the garage. On the other side of the kitchen is a bright family room with gas fireplace and the door to the large deck of beautiful, fenced back

$412,012 $68,000 $480,012

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty

10601 Shadrach Court Henrico, 23059 Friday, March 31, 2023

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 10601 Shadrach Court MLS# Status List Price List Date Sold Price Sold Date Subdiv City/County Zip Sqft Total # Levels DOM

Beds Baths Parking Pool on Prop

Year Built Acres # Cars Renovated Garage YN

Details

Adjust

1836 Greenwood Glen Drive 2227161 Sold $399,000 10/25/2022 $420,000 12/12/2022

Greenwood Glen 0 Magnolia Ridge Henrico 0 Henrico 23059 0 23059 2,369 -20,000 2254 2 0 2 4 0 8 4 0 4 2 (2 1) 0/0 2.1 (2 1) Double Width, Off Street, Paved Driveway 0 Covered, Off Street, Paved Driveway False 0 No 2000 0 2001 0.389 ac / 16,936 Sf 0 0.22 2 0 2 0 Yes 0 Yes

Remarks: 4 bedroom,2.5 bath home with 2 car attached garage on quiet cul-de-sac lot in desirable Magnolia Ridge subdivision.Open floor plan offers good size kitchen opening to spacious family room.Home offers formal dining room.Primary bedroom offers full bath and walk in closet.Family Room opens to custom patio overlooking large fenced in rear yard.Home has 2 zone central AC and GasHeat.Cul-de-sac lot offers privacy while

Price Total Adjustments Adjusted Price

This is a fabulous opportunity to own a home in Glen Allen in the Glenwood Green neighborhood. This Transitional Style Colonial home has a sought after layout that is open, yet appointed. 9ft. ceilings and crown moulding adorn the first floor and one is greeted upon entry with a 2-story cathedral ceiling that lets in the most beautiful light and gives entry to a parlor and a formal dining room. Speaking of light, the first floor has

$420,000 $-20,000 $400,000

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty

10601 Shadrach Court Henrico, 23059

Friday, March 31, 2023

Pricing Recommendation This page suggests a recommended selling price based on a thorough analysis of your property.

General Facts About Pricing... There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation. A property priced at market value will attract more buyers than a home priced above market value. Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.

Market Statistics... Sell Price Per Sq. Ft. Statistics

Sell Price Statistics Average Price:

$440,700

Average Price/Sq Ft:

$221

High Price:

$480,000

High Price/Sq Ft:

$259

Median Price:

$442,000

Median Price/Sq Ft:

$234

Low Price:

$400,000

Low Price/Sq Ft:

$169

Figures are based on selling price after adjustments, and rounded to the nearest $100

Suggested List Price: Market suggest home should sell without updates between $430k-$440k.

Researched and prepared by Luis Amaya-Fogg Virginia Capital Realty