102 Reed Way

• Potential for high total ownership costs: The high purchase price, combined with an estimated $4,302 annual insurance cost, will result in substantial monthly housing expenses. This does not include property taxes, which will be higher compared to other areas, and potential maintenance costs. This could put the property out of reach for many buyers. • Limited price history: The property's 48.4% price increase in the last year ($805,000 to $1,195,000) may not be sustainable, and the property may be at risk of a price correction. The property has been on the market for 19 days, which is longer than average, indicating a potential overpricing issue. • Climate risks: The combination of moderate flood risk (4/10) and severe air quality risk (7/10) poses significant challenges. The flood risk will require additional insurance, and the air quality risk may necessitate investment in air filtration systems, increasing the total cost of ownership and affecting quality of life. • Potential for high maintenance costs: The property's age (built in 2005) means that some systems and appliances may require replacement or repair soon. While some upgrades have been made, unforeseen maintenance costs are still a possibility. • Limited lot size: While the property includes a backyard, patio, and garden, the exact lot size is not specified, which might limit the potential for future expansion or additional outdoor amenities. This is a significant drawback for buyers looking for larger properties.