Score
0Cherry Hill, NJ
102 Massachusetts Ave
475K
3 beds
2 baths
1,412 sqft
3 bd • 2 ba • 1,412 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$475,000
Price/Sq.Ft
$336
Year Built
1955
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers several attractive features, including a move-in ready condition with updated kitchen (granite countertops, stainless steel appliances) and bathroom. The home has a combination of hardwood and laminate flooring, along with newer recessed lighting. The fenced-in backyard, complete with a new vinyl fence and gazebo, provides a private outdoor space. The newer security camera system, shed, and exterior light fixtures are value-added features. Its location is convenient, with easy access to highways, schools, and shopping centers. The property is also competitively priced at $336.40/sqft.
The Bad
The home's age (built in 1955) means that the roof, HVAC, plumbing, and electrical systems may be nearing the end of their lifespan. The single-car detached garage may not be sufficient for households with multiple vehicles. While the property has been updated, the 1,412 sqft size is smaller than the average single-family home in the area. The moderate flood risk (4/10) and major wind risk (6/10) may lead to higher insurance costs. The school ratings are also moderate (4/10), which may be a concern for families with school-aged children.
The Ugly
The most concerning aspect of this property is the potential for high maintenance costs due to its age. Major systems like the roof, HVAC, and plumbing may need replacement within the next 5-10 years, which could cost $15,000-$30,000. The moderate flood risk (4/10) and major wind risk (6/10) may result in higher insurance premiums, potentially increasing monthly ownership costs. The 72.7% price increase since Jan 2020 may be a red flag, indicating a potential overvaluation. The limited public transportation options in the area could be a drawback for some buyers.
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
This property is best suited for first-time homebuyers or small families seeking a move-in ready home in a convenient location. With an estimated monthly mortgage payment of around $2,800 (assuming 20% down and a 7% interest rate), it is ideal for households with a combined income of $100,000 or more. The updated features, including the kitchen and bathroom, appeal to buyers who prefer a modern aesthetic without the need for immediate renovations. The fenced-in backyard and gazebo are perfect for families with young children or those who enjoy outdoor entertaining. This property is also suitable for buyers who value proximity to major highways, schools, and shopping centers.
Not For
This property is not ideal for buyers seeking a large home with multiple living areas or for those who prioritize a low-maintenance lifestyle due to the age of the home and its systems. Buyers who require a two-car garage or have multiple vehicles will find the single-car garage limiting. This property may also not be suitable for buyers who are extremely sensitive to noise, as it is close to highways and may experience some ambient noise. Finally, those seeking a turn-key property with no possibility of potential future costs should look elsewhere due to the age of the home and the potential for maintenance issues.
Demographics
Area Median Income
$93,651
Property History
Price History
Ownership Timeline
$275,000Financed
Aug 28, 2020Mark LigeikisJoel Anthony Parisi, Suzanne Conover
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 31, 2020Lynmar Associates IncMark Ligeikis
Deed
Non-Arm's Length Transactions
$180,000Cash Purchase
Dec 6, 2019Meredith MorallyLynmar Associates Inc
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 8, 2013The Estate Of Marilyn Krupnick, Andrew B KushnerMeredith Morally
Deed
Non-Arm's Length Transactions
$180,000Cash Purchase
Jan 6, 2011John Brewer, Catherine L HaasMarilyn Krupnick
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$8,588
2024 Tax Assessment
1.6%from previous year
Assessed Value$207,800
Tax Rate4.13%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
4.0/10
AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,340
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$475,000
Price/sqft
$336
Layout
3 bd•2 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$414,333
14.6%
Your price is 14.6% above average
Median Price
$415,000
14.5%
Based on 6 recent sales
Price per Sq.Ft
$311
8.2%
Your price is 8.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 103 E MIAMI AVE, CHERRY HILL, NJ 08034 | $350,000 | 1,408 | 3 | 2 | $24926.1% | 10/24/2024 |
| 31 WINDING WAY, CHERRY HILL, NJ 08002 | $370,000 | 1,350 | 3 | 2 | $27418.5% | 10/22/2024 |
| 634 3RD AVE, CHERRY HILL, NJ 08002 | $451,000 | 1,320 | 3 | 2 | $3421.6% | 10/28/2024 |
| 314 WINDSOR AVE, HADDONFIELD, NJ 08033 | $635,000 | 1,395 | 3 | 2 | $45535.3% | 10/3/2024 |
| 4522 CHAMPIONS RUN, CHERRY HILL, NJ 08002 | $415,000 | 1,212 | 2 | 2 | $3421.8% | 11/2/2024 |
| 403 PARK PLACE DR, CHERRY HILL, NJ 08002 | $265,000 | 1,312 | 2 | 2 | $20240.0% | 10/1/2024 |
103 E MIAMI AVE, CHERRY HILL, NJ 08034
Price: $350,000
Sq.Ft: 1,408
Beds/Baths: 3/2
$/Sq.Ft:
$24926.1%
Sale Date: 10/24/2024
31 WINDING WAY, CHERRY HILL, NJ 08002
Price: $370,000
Sq.Ft: 1,350
Beds/Baths: 3/2
$/Sq.Ft:
$27418.5%
Sale Date: 10/22/2024
634 3RD AVE, CHERRY HILL, NJ 08002
Price: $451,000
Sq.Ft: 1,320
Beds/Baths: 3/2
$/Sq.Ft:
$3421.6%
Sale Date: 10/28/2024
314 WINDSOR AVE, HADDONFIELD, NJ 08033
Price: $635,000
Sq.Ft: 1,395
Beds/Baths: 3/2
$/Sq.Ft:
$45535.3%
Sale Date: 10/3/2024
4522 CHAMPIONS RUN, CHERRY HILL, NJ 08002
Price: $415,000
Sq.Ft: 1,212
Beds/Baths: 2/2
$/Sq.Ft:
$3421.8%
Sale Date: 11/2/2024
403 PARK PLACE DR, CHERRY HILL, NJ 08002
Price: $265,000
Sq.Ft: 1,312
Beds/Baths: 2/2
$/Sq.Ft:
$20240.0%
Sale Date: 10/1/2024
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