10 Smoke Rise Ln

869K

4 beds

3 baths

2,350 sqft

4 bd • 3 ba • 2,350 sf

This analysis was generated on 2/8/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$869,000

Price/Sq.Ft

$370

Year Built

1987

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Updated and Move-In Ready: The property has been recently updated, including the kitchen and bathrooms, reducing the need for immediate renovations and repairs. The description emphasizes a maintenance-free exterior, adding to its appeal. • Desirable Community Amenities: The Hills community offers a range of amenities, including pools, tennis courts, a clubhouse, walking trails, and playgrounds, enhancing the lifestyle for residents. • Excellent School District: Located near Bedminster Township Elementary School (rated 8/10), the property is attractive to families with children. • Private Setting: The cul-de-sac lot provides a private and tranquil setting, appealing to buyers seeking peace and quiet. • Newer Systems and Roof: The presence of newer major systems and roof provides peace of mind and reduces the likelihood of costly repairs in the near future.

The Bad

• Relatively High Price per Square Foot: At $369.79/sqft, the property is priced at the higher end compared to the average of $300/sqft for similar homes in Somerset County. This could indicate overpricing or reflect recent renovations. • Reliance on HOA: While offering amenities, the HOA introduces monthly fees and potential restrictions on property use and modifications. • Moderate Fire Risk: A fire risk of 3/10 suggests a need for homeowner's insurance. • Commuting Considerations: Bedminster's location may present commuting challenges, particularly for those working in New York City. Factor in commute times and transportation costs.

The Ugly

• High Total Cost of Ownership: Combining the mortgage payment (~$4,600/month), estimated property taxes (high for Bedminster), insurance ($3,128.4/year or ~$260/month), and potential HOA fees, the total monthly cost of ownership could be substantial. • Potential Septic System Issues: If the property relies on a septic system, unexpected repairs or replacement can be a significant financial burden. A new septic system can cost between $10,000 and $20,000. • Wind Risk Insurance Costs: A major wind risk (6/10) may translate to higher insurance premiums compared to areas with lower wind risk. Obtain quotes from multiple insurance providers to assess the potential cost. • Dependence on Car: Due to Bedminster's rural character and limited commercial development, residents are heavily reliant on cars for commuting and errands. This dependence adds to transportation costs and potential traffic congestion.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking Updated Move-In Ready Homes: The property's recent renovations, including the kitchen and bathrooms, and maintenance-free exterior make it ideal for those looking to avoid immediate projects. • Homeowners Valuing Community Amenities: The Hills community offers access to pools, tennis courts, a clubhouse, walking trails, and playgrounds, appealing to those who enjoy an active lifestyle and social engagement. • Buyers Prioritizing School Quality: Located 1.4 miles from Bedminster Township Elementary School (rated 8/10), this home is well-suited for families placing a high value on education. • Individuals Seeking Low-Maintenance Living: The recent exterior updates (reseeding lawn, resurfacing driveway, restaining deck) and newer major systems provide peace of mind and reduce the likelihood of near-term repairs. • Buyers Comfortable with HOA Fees: Individuals who find value in the HOA-provided common area maintenance and community amenities, and who have factored the associated costs into their budget.

Not For

• Buyers Seeking Very Low Property Taxes: Bedminster has relatively high property taxes compared to the national average, which may not be suitable for those on a strict budget. • Buyers Requiring a Large Lot or Acreage: While the property offers a private setting, it's within a cul-de-sac lot and may not appeal to buyers seeking substantial land or rural acreage. • Buyers Prioritizing Proximity to Extensive Retail and Dining: Bedminster's rural character means fewer local shopping and dining options; those seeking immediate access to urban amenities may find the location limiting. • Buyers Unwilling to Live in an HOA Community: The mandatory HOA with its rules and regulations might not suit buyers who prefer complete autonomy over their property. • Buyers Sensitive to Moderate Fire or Wind Risk: The moderate fire risk (3/10) and major wind risk (6/10) may deter buyers seeking properties with minimal environmental risks.

Demographics

Area Median Income

$118,382

Property History

Price History

Ownership Timeline

$775,000Financed

Sep 16, 2022

Tony J Fu, Cristina Stepan FuAshish Thakur, Elisabeth Lara Hyland

Bargain And Sale Deed