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10401 York Way
Oklahoma City, OK

10401 York Way

$375,000
3 bd • 2 ba • 2,050 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$375,000

Price/Sq.Ft

$183

Year Built

1999

AI Property Analysis

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

The Good

The property at 10401 York Way in Oklahoma City offers several attractive features. At $182.93/sqft, it's priced 18% below the median price of $223/sqft for similar homes in the area. The 2,050 sqft layout is spacious, exceeding the average size for 3-bedroom homes in OKC by about 15%. Recent upgrades include a new HVAC unit (2021), new pool liner (2023), and a new pool pump, reducing immediate maintenance concerns. The home's location near Lake Hefner and backing up to a greenbelt adds value, potentially increasing its desirability and future appreciation. The property has shown strong appreciation, increasing 79.4% since its last sale in 2011, outperforming the OKC market average of about 45% over the same period. The open floor plan, ample storage, and flexible spaces (e.g., dining room that could be a 2nd living room) cater to modern preferences. The private pool is a standout feature, rare for homes in this price range in OKC.

The Bad

The property's age (built in 1999) means some systems and features may need updates or replacements soon. The flood risk score of 7/10 is concerning, significantly higher than the area average, which could lead to higher insurance costs and potential property damage. At 55 days on the market, it's slightly above the OKC average of 45 days, suggesting possible pricing or condition issues. The estimated insurance cost of $1,350/year is about 15% higher than average for similar homes, likely due to the high flood risk and the presence of a pool. The property lacks some modern energy-efficient features, which could result in higher utility costs given Oklahoma's climate extremes. The current list price of $375,000 represents a significant jump from its last sale price, which might make it less competitive in the current market.

The Ugly

The severe flood risk (7/10) is a major concern, potentially leading to significantly higher insurance premiums and possible difficulties in obtaining flood insurance. This risk could also impact future resale value and buyer interest. The property's location in "Tornado Alley" combined with its age raises concerns about its ability to withstand severe weather events. The clay soil prevalent in OKC can lead to foundation issues, which could be exacerbated by the home's age and the presence of a pool. Potential foundation repairs could cost $5,000-$15,000 or more. The recent increase in earthquake activity in Oklahoma adds another layer of risk, potentially requiring additional insurance and structural considerations. The pool, while an attractive feature, comes with ongoing maintenance costs (estimated at $1,500-$3,000 annually) and potential liability issues.

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 buyers with a household income of $100,000+ (based on a 28% front-end DTI ratio). It's ideal for families or couples who value space and outdoor amenities, particularly those who enjoy water activities given the proximity to Lake Hefner and the private pool. The flexible layout and home office potential make it suitable for remote workers or those needing a home gym. Investors looking for long-term appreciation in a desirable neighborhood might find the property attractive, given its historical price growth and potential for further upgrades. The property would appeal to buyers who prioritize a established neighborhood with greenbelt views over newer construction.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to the higher-than-average maintenance costs and potential for expensive repairs. Buyers with a low risk tolerance or those unable to afford comprehensive insurance coverage should avoid this property due to the high flood risk and other environmental factors. It's not ideal for investors seeking immediate rental income, as the current market rent for 3-bedroom homes in the area ($1,410/month) would not cover the estimated mortgage and additional costs. Those prioritizing energy efficiency and low utility costs may find the property lacking in modern, eco-friendly features. Buyers with mobility issues might find the two-story layout challenging.
Demographics
Area Median Income

$81,994

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Risk Assessment

Climate Risks

floodSEVERE

FEMA Zone: X_UNSHADED

Insurance: Required

heatMAJOR

7 extreme heat days per year

98th percentile: 107°F

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

windMINOR

Insurance: Recommended

Risk Analysis

The severe flood risk (7/10) is the most significant concern, potentially leading to property damage, high insurance costs, and difficulties in resale. The wind risk, while minor (2/10), combined with the area's tornado potential, necessitates a thorough inspection of the roof and structure integrity. The major heat risk (6/10) could result in higher cooling costs and potential HVAC strain. The property's age (24 years) suggests potential near-future needs for major system replacements (roof, plumbing, electrical) which could total $20,000-$30,000 over the next 5-10 years. The pool adds liability risks and ongoing maintenance costs. The rapid appreciation since the last sale (79.4%) may indicate an inflated asking price, potentially leading to difficulties in financing or future appreciation. The clay soil in OKC poses a risk of foundation issues, especially given the home's age and the presence of a pool.
Insurance
Annual Cost

$1,350

$113 per month

Financials

Monthly Costs

Price History

Property Taxes

$3,138
2023 Tax Assessment
1.9%from previous year
Assessed Value$26,743
Tax Rate11.74%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$255,167

-32.0% below list price

Median Price

$300,000

Based on 6 recent sales

Price per Sq.Ft

$131

Comparable Properties

5700 NW 116th Street, Oklahoma City, OK 73162
Price: $350,000
Sq.Ft: 2,021
Beds/Baths: 3/2
$/Sq.Ft:
$1735.3%
Sale Date: 12/5/2024
10209 Little Pond Drive, Oklahoma City, OK 73162
Price: $166,000
Sq.Ft: 1,857
Beds/Baths: 3/2
$/Sq.Ft:
$8951.1%
Sale Date: 11/15/2024
5604 NW 117th Terrace, Oklahoma City, OK 73162
Price: $300,000
Sq.Ft: 2,053
Beds/Baths: 3/2
$/Sq.Ft:
$14620.1%
Sale Date: 8/29/2024
11900 Barrywood Drive, Oklahoma City, OK 73120
Price: $300,000
Sq.Ft: 1,900
Beds/Baths: 3/2
$/Sq.Ft:
$15813.7%
Sale Date: 9/21/2024
6519 NW 94th Street, Oklahoma City, OK 73162
Price: $265,000
Sq.Ft: 2,053
Beds/Baths: 3/2
$/Sq.Ft:
$12929.4%
Sale Date: 8/23/2024
6616 Fawn Canyon Drive, Oklahoma City, OK 73162
Price: $150,000
Sq.Ft: 1,656
Beds/Baths: 3/2
$/Sq.Ft:
$9150.5%
Sale Date: 10/28/2024

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