CMA — 1797 Blue Grass Drive — Thomas Lower

REALTEAMREAL ESTATE
Thomas Lower

Thomas Lower
REALTEAM Real Estate · — · tom@mirealteam.com
PRELIMINARY — automatically generated comparative market analysis. Reply to Logan to revise or remove this page.
Comparative Market Analysis · USPAP-Inspired · Prepared July 2026
1797 Blue Grass Drive▤ View all 36 photos

1797 Blue Grass Drive

Rochester Hills, MI 48306 3221 · Vintage Estates 4 · Rochester Community School District
Opinion of Market Value
$825,000 – $887,500
Most probable price ≈ $855,000 · 78% confidence · balanced market with a seller’s edge
Pricing Strategy

Four Ways to Price It

A single number hides the strategy. In a market absorbing inventory in 3.7 months at 100.4% of list, here is the full ladder — priced so the home lists strong and never leaves money on the table.

Conservative
$825,000
Quick, near-certain sale
Market Value
$855,000
Most probable sale price
Strategic List Price
$874,900
List here — invites competition, still appraises
Aspirational
$887,500
Tests the top of the comp support
Step 1 · The Subject Property

A Vintage Estates 4 Other

A 1999 other in Rochester Hills’s Vintage Estates 4 — 3,658 sq ft above grade plus a ~1,542 sq ft finished basement, 4 bedrooms, 5 baths, and a 3-car garage on a 0.38 acre lot. Welcome to this stunning Colonial in the highly sought-after Vintage Estates! (per the MLS listing.)

Style
Other
Subdivision
Vintage Estates 4
Schools
Rochester Community School District
Bedrooms
4
Bathrooms
5
Above-Grade Living Area
3,658 sqft
Finished Basement
~1542 sqft
Garage
3-car
Year Built
1999
Lot
0.38 ac
Last Sale
Coming Soon at $850,000
Updates
Not stated in MLS record
Photos · tap any to view all 36
Step 5 · Market Conditions

Balanced Market, Seller’s Edge

The subject’s segment (Rochester Hills 48306 3221, 2,926–4,389 sq ft) is absorbing inventory in 3.7 months, with a median 9-day market time, with homes closing at 100.4% of list. Median above-grade $/sqft moved from $207 to $251 quarter over quarter (median sale $791,000). This reads as a balanced market with a seller’s edge, which the pricing below reflects.

3.7
Months of Inventory
9 days
Median Days on Market
100%
Sale-to-List
+22%
$/SqFt, Quarter/Quarter
Steps 2–4 · Comparable Sales · MiRealSource MLS

The Comparables

Comps were selected by subdivision first, then adjacent neighborhoods within the same schools, held to ±20% of the home’s above-grade size and the last six months. Each is scored 0–100 (location, size, age, style, lot, condition, amenities); anything under 70 is set aside. Tap any home for every MLS photo.

1859 Haverhill Drive, Rochester Hills▤ 33 photos88/100
COMP 1 · SOLD 2026-03-31

1859 Haverhill Drive, Rochester Hills

$765,000
4 bd · 4 ba · 3,490 sqft above grade (+0 bsmt) · 3-car · built 1995 · Vintage Estates 2
$219/sqft · indicated $841,610 · weight 34%
Same subdivision · tap for all 33 photos
1811 Blue Grass Drive, Rochester Hills▤ 36 photos86/100
COMP 2 · SOLD 2026-06-04

1811 Blue Grass Drive, Rochester Hills

$791,000
4 bd · 5 ba · 3,492 sqft above grade (+1500 bsmt) · 3-car · built 1997 · Vintage Estates
$227/sqft · indicated $809,701 · weight 30%
Same street, same subdivision — direct evidence · tap for all 36 photos
2555 Lambeth Park, Rochester Hills▤ 33 photos78/100
COMP 3 · SOLD 2026-05-13

2555 Lambeth Park, Rochester Hills

$760,000
4 bd · 4 ba · 3,457 sqft above grade (+1241 bsmt) · 3-car · built 1985 · Hawthorn Sub No 4
$220/sqft · indicated $793,440 · weight 14%
Lower-end anchor · tap for all 33 photos
6536 Chatham Circle, Rochester Hills▤ 36 photos74/100
COMP 4 · SOLD 2026-02-13

6536 Chatham Circle, Rochester Hills

$715,000
4 bd · 5 ba · 3,456 sqft above grade (+1300 bsmt) · 3-car · built 2006 · Quailcrest – A Singh Dev
$207/sqft · indicated $726,681 · weight 9%
Lower-end anchor · tap for all 36 photos
534 Parkland Hills Drive, Rochester▤ 36 photos73/100
COMP 5 · SOLD 2026-06-19

534 Parkland Hills Drive, Rochester

$915,000
5 bd · 5 ba · 3,710 sqft above grade (+1600 bsmt) · 3-car · built 2003 · Parkland Hills Condo
$247/sqft · indicated $891,711 · weight 7%
Near-identical size — a tight match · tap for all 36 photos
1699 Old Homestead Drive, Rochester Hills▤ 36 photos71/100
COMP 6 · SOLD 2026-05-29

1699 Old Homestead Drive, Rochester Hills

$905,000
4 bd · 3 ba · 3,438 sqft above grade (+1200 bsmt) · 3-car · built 1988 · Hawthorn Hills 6
$263/sqft · indicated $944,270 · weight 5%
1.97 mi away in Hawthorn Hills 6 · tap for all 36 photos
Steps 6–7 · Adjustments & Weighting

Appraiser-Style Reconciliation

Each comp is adjusted to your home — gross living area (marginal $105/sqft), finished basement ($35/sqft), garage ($8,000/bay), lot, age/condition, and location — then weighted by similarity rather than averaged.

Comparable Sold GLA Bsmt Garage Lot Age/Cond Loc Indicated Wt
1859 Haverhill Drive $765,000 +$17,640 +$53,970 +$0 +$1,800 +$3,200 +$0 $841,610 34%
1811 Blue Grass Drive $791,000 +$17,430 +$1,470 +$0 −$1,799 +$1,600 +$0 $809,701 30%
2555 Lambeth Park $760,000 +$21,105 +$10,535 +$0 +$600 +$11,200 −$10,000 $793,440 14%
6536 Chatham Circle $715,000 +$21,210 +$8,470 +$0 −$2,399 −$5,600 −$10,000 $726,681 9%
534 Parkland Hills Drive $915,000 −$5,460 −$2,030 +$0 −$12,599 −$3,200 +$0 $891,711 7%
1699 Old Homestead Drive $905,000 +$23,100 +$11,970 +$0 +$5,400 +$8,800 −$10,000 $944,270 5%

1859 Haverhill Drive (sold $765,000) adjusts to $841,610 and carries 34% weight. 1811 Blue Grass Drive (sold $791,000) adjusts to $809,701 and carries 30% weight. 2 comparable(s) inside Vintage Estates 4 anchor the value directly. Reconciled and weighted by similarity — not averaged — the evidence centers on $824,460; positioned for the balanced market with a seller’s edge, the opinion of value is $855,000.

Weighted indicated value $824,460 → opinion of value $855,000
Steps 8–9 · Active Competition & Pending Sales

What Buyers Are Choosing From

On the market now (23)
$3,925,0004683 Pinnacle Boulevard4,117 sf · 260 DOM
$2,697,0001111 Sheldon Road4,202 sf · 34 DOM
$2,599,9004577 Moorcrest Lane3,750 sf · 53 DOM
$2,550,0002584 Heights View Court4,377 sf · 145 DOM
Under contract (16)
$2,899,0004380 The Heights Boulevard4,000 sf · 220 DOM
$1,895,0003071 Emeraude Court3,872 sf · 11 DOM
$1,299,999300 Camelot Way3,607 sf · 13 DOM
$1,100,0001709 Apple Ridge Court3,966 sf · 0 DOM

Right now buyers in this size band are choosing from asks of $2,550,000–$3,925,000 and pending contracts cluster $1,100,000–$2,899,000 — measured against that, the opinion of value holds.

Steps 12–13 · Confidence

78% Confidence

  • 37 qualified sales in the segment in six months — a deep comp pool.
  • 2 comparables inside the subject’s own subdivision bracket the value directly.
  • Strong pending support: 16 homes under contract in the segment.
  • Held below 100% because the subject’s current interior condition isn’t independently verified.
Step 14 · Agent Strategy

How to Take It to Market

Game plan
  • List at $874,900 — positioned against the $855,000 opinion of value to invite competing offers in a market paying near list.
  • Verify current interior condition before finalizing — updates could justify the $887,500 aspirational tier; deferred condition trends toward $825,000.
  • Pre-list prep: professional photos and light staging; expect strong early activity given the 9-day median market time.
  • Keep the adjustment grid in the listing file — the price sits inside adjusted comp support, so appraisal risk is managed.
Seller talking points
  • 2 recent sale(s) inside Vintage Estates 4 anchor your value directly.
  • Homes like yours are selling in about 9 days.
  • Only 23 comparable homes are on the market — limited competition favors you.
  • $/sqft in your size range moved $207 → $251 quarter over quarter.
  • The finished basement is a genuine differentiator buyers pay for.
Key Assumptions & Risks to Value
Assumptions
  • Above-grade living area of 3,658 sq ft per the MLS record; finished basement ~1,542 sq ft.
  • Interior condition assumed consistent with the most recent listing record — a current walkthrough may adjust value up or down.
  • No unpermitted additions or major deferred systems beyond normal age.
Risks
  • If interior condition lags the comparables, value trends toward the $825,000 conservative figure.
  • A rate move could shift the buyer pool this analysis is priced against.
Thomas Lower

Thomas Lower
REALTEAM Real Estate
— · tom@mirealteam.com
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Prepared by Thomas Lower, REALTEAM Real Estate, July 2026, using the Logan CMA Framework (USPAP-inspired). Data: MiRealSource / Realcomp MLS + public records. Square footage is above-grade finished area; basements shown separately. Subject photos are from the prior MLS listing; comparable photos are current MLS listing photos. This is a broker opinion of value for marketing purposes, not an appraisal. Equal Housing Opportunity.