105 Laurel Oak Dr

• **Severe Flood Risk:** Being situated near the Congaree River, the property is likely in a floodplain. This can lead to high flood insurance costs, potential property damage, and difficulties reselling the property in the future. The potential for repeated flooding is a significant concern for the long-term viability and value of the property. Flood insurance can cost anywhere from $500 to $5000 per year, depending on the flood zone. • **Potential for Hidden Issues:** The lack of a property description suggests the possibility of hidden issues, such as structural damage, mold, or outdated systems. These issues can be costly to repair and may not be apparent during a casual viewing. A thorough inspection is crucial to identify these potential problems. Repair costs can easily run into the tens of thousands of dollars. • **High Total Cost of Ownership:** While the initial price is competitive, the total cost of ownership could be high due to potential flood insurance costs, maintenance, and repairs. These costs can add significantly to the monthly expenses and reduce the affordability of the property. In addition to mortgage payments, property taxes in West Columbia average around $2,000 per year, which needs to be factored in. • **Uncertain Resale Value:** Due to the flood risk, the unknown condition, and the lack of property details, there is uncertainty about the property's long-term resale value. Buyers may find it difficult to sell the property at a reasonable price in the future. Properties in flood zones tend to have lower resale values compared to comparable properties outside flood zones. • **Limited Information:** The lack of information about the property, including age, condition, and features, makes it impossible to accurately assess its true value and potential issues. This lack of transparency is a major red flag for potential buyers and should be addressed before making an offer.