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Value opinion for 728 Richmond:
After initially making a field inspection of this property and discussing the possibilities of adding a second floor (essentially doubling the size of the house)
I did a study of the sales from the last 6 months . 
I looked for nearby properties in the same subdivision and with the same style home transformation. .
I found this property:
726 Chesapeake Ave (same neighborhood) 

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Please refer to the map for clear location data showing this house just around the corner 
Chesapeake was put in the market listed  for $735,000 on April 5th 2013
3 days later on April 8th 2013 it was put under contract 
subsequently, this property was sold for $710,000 on May 30th, 2013
These are the interior pictures. .please continue reading more information after pictures 

Exterior (Front)
Front Porch
View from Front door
Dining Room
Family Room
Living Room
Living Room
Office or bedroom
Dining Room
Main level hall bath
Steps to upstairs bedrooms
Hallway upstairs
Bedroom 1
Bedroom 1
Bedroom 2
Full bath upstairs
Full bath upstairs
Bedroom (Master)
Bedroom (Master)
Bedroom (Master)
Bedroom 3
Basement full bath
Bedroom 4
Exterior (Rear)
Exterior (Front)
We want to emulate this from all points of view. .
The total sq ft in this house is 2052'
and we should be close to the same size
Our vision is:
We are going to add an extra bathroom upstairs 
We will take a more detailed approach converting the backyard to a small paradise with stone patio, landscaping and inspiring relaxation
We will paint the interior to a more earthy and neutral tones as opposed to this comparable. .
We will enhance this house with all the details that is expected from a $700+ house.
Other Comparables
Of course we can not achieve real value and predict exact results from one single property. .therefore
These comparables are from the same neighborhood of subject property  (relevant notes in red) 


Tax Record
Neighbor Photos
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ML#:  MC8088569 LP:  $590,000 PRICE
Status:  CONTRACT Transaction Type: Standard Sale
Adv Sub:  Blair
Ownership:  Fee Simple, Sale TOT EST CHRGS: $5,620
Contract Date:  01-Jun-2013 Close Date:  28-Jun-2013
Close Price:  Seller Subsidy: 
Date Avail:   Ground Rent:
Type:  Detached Area: 
Style:  Bungalow ADC Map Coord:   29.734446
BR/FB/HB:  3/1/1..<<<only one full bath! Yr Blt:  1928
Lot AC/SF: .138 / 6000 HOA/CC Fee: /
SQFT-Tot Fin: 1,836 Tax Living Area: 1,322 (only 1322 sq ft)
Lvls/Fpl:  3/1 Vacation Y/N:  No
Construction:   Brick, Frame
Basement:  Yes, Fully Finished, Heated, Improved, Outside Entrance, Side Entrance, Walkout Stairs, Sump Pump
Parking:  Drvwy/Off Str, Garage, Faces Side, Garage Door Opener, Concrete Driveway
# Gar/Cpt/Assgn:  1// DOMM/DOMP: 11/11...<<<11 days under contract!
Heat/Cool:  Natural Gas/Hot Water, Radiator/Electric/Attic Fan, Ceiling Fan(s), Central A/C, Energy Star Cooling System, Programmable Thermostat
Water/Swr:  Public/Public Sewer
List Date:  22-May-2013 Update Date:  02-Jun-2013
Showing Information: Lockbox-Sentrilock, Show Anytime, Sign on Property, Vacant, All Days  
Company: Munsey-Kane Realty, LLC O/F:  (301) 589-6555 / (240) 293-1293
List Agent: Licia Zurn-Galinsky H/O/C: (301) 641-4609 / (301) 641-4609 / (301) 641-4609
Showing: Licia Galinsky H/O: (301) 641-4609 / (301) 641-4609
Remarks:  Spacious 3 BR 1.5 BA completely renovated Sears-style Bungalow. Walk to Metro & Downtown Sil.Spring. Lovingly restored over 25 years by owners: New CAC & kitchen, double-pane wood frame windows, MBR built-ins, completely finished lower level, great landscaping, rear deck & screened porch. Vintage tiled full bath & fixtures, 5 panel doors, oak & heart pine floors, huge closets. Everything's done!
Directions:  From DC traveling North on Georgia Avenue: Turn left onto Sligo Ave 0.2 mi Take the 3rd right onto Woodbury Dr 210 ft At the traffic circle, continue straight to stay on Woodbury Dr 338 ft 5. Turn left onto Richmond house on left...


Tax Record
Neighbor Photos
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ML#:  MC8058787 LP:  $599,000<<<Price
Status:  ACTIVE Transaction Type: Standard Sale
Adv Sub:  Blair
Ownership:  Fee Simple, Sale TOT EST CHRGS: $4,909
Date Avail:   Ground Rent:
Type:  Detached Area: 
Style:  Bungalow ADC Map Coord:   37 B-11
BR/FB/HB:  3/3/0 Yr Blt:  1928
Lot AC/SF: .092 / 4000 HOA/CC Fee: /
SQFT-Tot Fin: 1,850  Tax Living Area: 876 <<<base size is smaller /subject property is 928 sq ft 
Lvls/Fpl:  3/0 Vacation Y/N:  No
Construction:   Wood
Basement:  Yes, Full, Fully Finished, Outside Entrance, Walkout Stairs, Windows
Parking:  Drvwy/Off Str
# Gar/Cpt/Assgn:  // DOMM/DOMP: 46/46
Heat/Cool:  Natural Gas/Forced Air/Electric/Central A/C
Water/Swr:  Public/Public Sewer
List Date:  19-Apr-2013 Update Date:  03-Jun-2013
Showing Information: Call 1st-Showing Contact, Call 1st-Owner, Lockbox-Sentrilock, All Days  
 only 1/2 second story was added to this house (see pic). .we intend to do a complete full second story addition
Another difference is that this house maintained the old narrow rooms plans from its original bungalow style from the 1920's on the main floor
we intend to "OPEN" the main floor with a living room, dining room, office and a state of the art kitchen on the back end. 
Our house will be modern and basically a brand new home. . 
Company: Long & Foster Real Estate, Inc. O/F:  (240) 497-1700 / (240) 497-0350
List Agent: Tom Nalls H/O/C: (240) 497-1700 / (240) 497-1700 / (301) 237-5170
Showing: S Missimer H/O: (703) 930-5269 /
Remarks:  New Price! Great renovations in a classic Sears bungalow. Ideal location close to SS and Takoma Metro. 3 finished levels with master suite,bright eat-in kit w/cherry cab & SS,concrete counters,bamboo floor,spacious LL w/full BA,covered front sitting porch,fenced back,professional landscaping,2 car drwy. Classic detail w/modern upgrades.
Directions:  From SS, East on 410,L on Chicago,L on Violet. From Takoma Park, West on 410, R on Chicago,L on Violet


Tax Record
Neighbor Photos
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726 CHESAPEAKE AVE, SILVER SPRING, MD  20910 This is the house we want to emulate. .
ML#:  MC8046622 LP:  $735,000
Status:  SOLD Transaction Type: Standard Sale
Adv Sub:  Blair
Ownership:  Fee Simple, Sale TOT EST CHRGS: $6,149
Contract Date:  08-Apr-2013 Close Date:  30-May-2013
Close Price: $710,000 Seller Subsidy:  $
Date Avail:   Ground Rent:
Type:  Detached Area: 
Style:  Colonial ADC Map Coord:   37B10
BR/FB/HB:  6/3/0 Yr Blt:  1925
Lot AC/SF: .111 / 4830 HOA/CC Fee: /
SQFT-Tot Fin: 2,912 Tax Living Area: 2,052
Lvls/Fpl:  3/1 Vacation Y/N:  No
Construction:   Frame, Vinyl Siding
Basement:  Yes, Daylight, Full, Fully Finished, Rear Entrance, Walkout Stairs
Parking:  Drvwy/Off Str, Garage, Street
# Gar/Cpt/Assgn:  1// DOMM/DOMP: 3/3 <<SOLD IN 3 DAYS
Heat/Cool:  Electric, Natural Gas/Heat Pump(s), Hot Water, Radiator/Electric/Ceiling Fan(s), Central A/C, Wall Unit
Water/Swr:  Public/Public Sewer
List Date:  05-Apr-2013 Update Date:  31-May-2013
Showing Information: Call 1st-Showing Service, All Days, 9 AM - 7 PM  
Company: Caparosa Realty Services, LLC O/F:  (301) 570-6100 / (301) 570-1587
List Agent: Robin Caparosa H/O/C: (301) 570-6100 / (301) 570-6100 / (301) 520-7993
Showing: Css Css H/O: (866) 891-7469 /
Remarks:  **Raised the roof on this charming bungalow w/front porch by adding 3 BR up & bumped out main lvl w/FR off kit**Full finish bsmt w/2 add'l rms & FB, sitting area, exit, & furnace rm**Main lvl has LR/DR/Kit/Breakfast rm/FR/BR**Beautiful additions**1 car Det gar, fenced rear yd**Buyers must complete financial form & have lender ltr w/offer**CLA w/?s** right between both SS & Takoma Metro Stations**
Directions:  From DC north GA Ave, Right Sligo, Right Chesapeake to house on right
This was prepared by Fernando Herboso
Broker for Herboso & Associates llc 
Owner of Maxus Realty Group
Please contact me if yo have any questions, 
Thank You