Michael Rankin
Michael
Rankin
Comparative Market Analysis
2722 Chain Bridge Rd, Washington
Michael Rankin
[email protected]
Prepared: April 2, 2024
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Subject Property

2722 Chain Bridge Road NW
Washington, DC
Bed
6
Bath
4.1
SqFt
4,324
Lot Size
0.15
DOM
0
$/SqFt
$578
Bed
5
Bath
4.5
SqFt
4,324
Lot Size
0.33
DOM
N/A
$/SqFt
$578

Listing Description
​​​​​​​The subject HOA consists of six homes (2730 Chain Bridge Road, 2722 Chain Bridge, 2720 Chain Bridge, 2726 Chain Bridge, 2726 1/2 Chain Bridge, 2728 1/2 Chain Bridge Road) that share an in-ground pool, tennis court, and open space behind the tennis court. The property has a shared driveway that accesses the two-car garage. the property has been recently painted, and while the kitchen and bathrooms are original condition the property presents well. The offering includes a side-lot giving a total acreage of .33 acres. 

STATUS
Pre Market
MLS #
N/A
PROPERTY TYPE
-- Residential
MLS Area
-- Washington, DC
Year built
-- 1987
Taxes
-- $16,751
County
-- Washington, DC
More

Comparables

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2722 Chain Bridge
6 | 4.1 | 4,324 ft²
Subject Property
List Price $2,500,000
STATUS
Coming Soon
MLS #
--
PROPERTY TYPE
--
BEDROOMS
6
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
4,324
LOT SQFT
0.15
YEAR BUILT
0
DAYS ON MARKET
0
LIST PRICE
$2,500,000
img
4830 LOUGHBORO ROAD
4 | 4.1 | 6,954 ft²
No adjustments
List Price $2,600,000
STATUS
Sold
MLS #
DCDC2109986
PROPERTY TYPE
Residential
BEDROOMS
4
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
6,954
LOT SQFT
0.39
YEAR BUILT
1950
DAYS ON MARKET
8
LIST PRICE
$2,600,000
img
4836 Loughboro ROAD
5 | 4.1 | 4,490 ft²
No adjustments
List Price $2,550,000
STATUS
Sold
MLS #
DCDC2125084
PROPERTY TYPE
Residential
BEDROOMS
5
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
4,490
LOT SQFT
0.18
YEAR BUILT
1934
DAYS ON MARKET
13
LIST PRICE
$2,550,000
img
5306 CAROLINA PLACE
6 | 5.1 | 3,905 ft²
No adjustments
List Price $2,400,000
STATUS
Sold
MLS #
DCDC2095040
PROPERTY TYPE
Residential
BEDROOMS
6
BATHROOMS
5.1
BATHROOM DETAILS
Full Bath 5, Half Bath 1
SQFT
3,905
LOT SQFT
0
YEAR BUILT
2021
DAYS ON MARKET
44
LIST PRICE
$2,400,000
img
$2,500,000
Coming Soon
6 | 4.1 | 4,324 ft²
2722 Chain Bridge
STATUS
Coming Soon
MLS #
--
PROPERTY TYPE
--
BEDROOMS
6
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
4,324
LOT SQFT
0.15
YEAR BUILT
0
DAYS ON MARKET
0
ADDRESS
2722 Chain Bridge Rd
LIST PRICE
$2,500,000
img
$2,600,000
Sold
4 | 4.1 | 6,954 ft²
4830 LOUGHBORO ROAD
STATUS
Sold
MLS #
DCDC2109986
PROPERTY TYPE
Residential
BEDROOMS
4
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
6,954
LOT SQFT
0.39
YEAR BUILT
1950
DAYS ON MARKET
8
ADDRESS
4830 LOUGHBORO ROAD NW
LIST PRICE
$2,600,000
img
$2,550,000
Sold
5 | 4.1 | 4,490 ft²
4836 Loughboro ROAD
STATUS
Sold
MLS #
DCDC2125084
PROPERTY TYPE
Residential
BEDROOMS
5
BATHROOMS
4.1
BATHROOM DETAILS
Full Bath 4, Half Bath 1
SQFT
4,490
LOT SQFT
0.18
YEAR BUILT
1934
DAYS ON MARKET
13
ADDRESS
4836 Loughboro ROAD NW
LIST PRICE
$2,550,000
img
$2,400,000
Sold
6 | 5.1 | 3,905 ft²
5306 CAROLINA PLACE
STATUS
Sold
MLS #
DCDC2095040
PROPERTY TYPE
Residential
BEDROOMS
6
BATHROOMS
5.1
BATHROOM DETAILS
Full Bath 5, Half Bath 1
SQFT
3,905
LOT SQFT
0
YEAR BUILT
2021
DAYS ON MARKET
44
ADDRESS
5306 CAROLINA PLACE NW
LIST PRICE
$2,400,000

Status Comparisons

Subject Property
Bed
Bath
SqFt
$/ SqFt
Lot SqFt
$/Lot SqFt
List Price
Subject Property
2722 Chain Bridge
6
4.1
4,324
$578
0.15
$382.61
$2,500,000
Sold
Bed
Bath
SqFt
$/ SqFt
Lot SqFt
$/Lot SqFt
List Price
COMPARABLE #1
4830 LOUGHBORO ROAD
4
4.1
6,954
$374
0.39
$152.7
$2,600,000
COMPARABLE #2
4836 Loughboro ROAD
5
4.1
4,490
$568
0.18
$322.05
$2,550,000
COMPARABLE #3
5306 CAROLINA PLACE
6
5.1
3,905
$615
0
0
$2,400,000
price estimate
$2,500,000
2722 Chain Bridge Rd, Washington
Agent Remarks

The recommended List Price is $2,500,000. In this current climate of low inventory it is possible for the sales price to increase slightly. The property will be professionally staged and has been recently painted and presents very well. 

The three comparables are very close in location to the subject property. Similar condition. Two of the comparables were larger and sold for just over our suggested list price. 

About Me

Michael Rankin

Managing Partner

TTR Sotheby's International Realty

202-271-3344

[email protected]

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