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105 Laurel Oak Dr
West Columbia, SC

105 Laurel Oak Dr

$237,000
4 bd • 2 ba • 1,871 sf

This analysis was generated by artificial intelligence on 1/27/2025. 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

$237,000

Price/Sq.Ft

$127

Year Built

AI Property Analysis

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

The Good

• **Affordable Price per Square Foot:** At $126.67 per square foot, the property is priced lower than the average for West Columbia, which typically ranges from $140 to $160 per square foot. This makes the property an attractive option for budget-conscious buyers. The median home value in West Columbia is around $300,000, making this property potentially more affordable. • **Family-Sized Home:** The property has 4 bedrooms and 2 bathrooms, which is ideal for a family. The size offers ample space for children, guests, and a comfortable living environment. Most homes in West Columbia have 3 bedrooms and 2 bathrooms on average, making this property larger than many others. • **Established Neighborhood:** The visual assessment suggests the property is located in an established neighborhood with mature trees, providing a sense of privacy and tranquility. Established neighborhoods often have more stable property values and are desirable for families. • **Proximity to Amenities:** West Columbia is close to Columbia, offering easy access to shopping, dining, and entertainment options. The location provides a balance of suburban living with access to urban amenities, making it an attractive location for families and professionals. • **Potential for Customization:** With limited details about the property, there is potential for the buyer to customize the interior and exterior to their liking. This can be a positive for buyers who want to personalize their living space.

The Bad

• **Lack of Property Details:** The absence of a property description, room details, and utility information makes it difficult to assess the true value and condition of the home. This lack of transparency is a major concern for buyers. It is impossible to evaluate the interior layout, finishes, or any potential issues with the house without more information. • **Unknown Age:** The year the property was built is not provided, making it hard to evaluate the home's structural integrity, potential for outdated systems, or expected maintenance costs. Older homes often have higher maintenance requirements and may require costly upgrades to meet current standards. • **Potential for Overpriced:** While the price per square foot is $126.67, the lack of specific property details makes it difficult to determine if the price is justified. Without knowing the condition of the property or comparable sales, the price may be inflated. The average price per square foot in the area is around $150, so there is potential for the property to be overpriced given the lack of information. • **Missing Property Features:** The listing states 'No features listed' which is highly unusual. This could indicate the property is very basic, or there may be significant issues that the seller is not disclosing. It also suggests the property may lack certain amenities that buyers expect, such as updated appliances or fixtures.

The Ugly

• **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.

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

• First-time homebuyers seeking an affordable, family-sized home in a suburban setting. The 4-bedroom, 2-bathroom layout offers ample space for a growing family. The price of $237,000, coupled with a price per square foot of $126.67, is competitive compared to the average home price of $300,000 in West Columbia, making it a great entry point into homeownership. • Buyers who value a central location with easy access to both West Columbia and Columbia. The property's location offers a balance of suburban living with proximity to urban amenities and employment opportunities, specifically for those working in downtown Columbia or near the University of South Carolina. • Homeowners who enjoy a traditional, single-family home with a yard. The home appears to have a well-maintained lawn and mature trees, offering some privacy and a classic suburban feel. • Buyers who can accommodate potential flood risks. Given West Columbia's location near the Congaree River, buyers comfortable with taking necessary flood precautions may find this property a good fit. However, a detailed assessment of flood risks is highly recommended.

Not For

• Investors seeking premium returns. While the property may generate rental income, the median income in the area is $46,065, which means there is a limited upside for high-end rentals. The lack of specific property details also makes it hard to assess the property's potential for value appreciation. • Buyers who require a modern, updated home. The absence of information about the property's age, interior finishes, and updates suggests it may be an older home requiring renovations. Buyers seeking a turnkey property should look elsewhere. • Individuals who work on the other side of Columbia. Traffic and congestion in the area, especially during peak hours, could make commuting difficult for those working outside the immediate vicinity. • Buyers with a low-risk tolerance. The potential flood risk is significant and requires due diligence. Buyers unwilling to deal with this risk should consider properties outside the floodplain.
Demographics
Area Median Income

$46,065

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Risk Assessment

Risk Analysis

• **Flood Risk:** As West Columbia is near the Congaree River, this property may be in a flood-prone area. Buyers must check FEMA flood maps, obtain an elevation certificate, and get flood insurance quotes. Failure to do so could result in significant financial loss. This is a critical risk that needs to be thoroughly investigated. The average flood insurance premium in South Carolina is around $700 per year, but this could be significantly higher depending on the property's specific flood zone. • **Unknown Property Condition:** The lack of a property description and room details means the condition of the home is completely unknown. Buyers should be prepared for potential repairs and updates, which could add unexpected costs. A thorough inspection is crucial before making an offer. Depending on the age, the roof, HVAC, and other systems might be nearing the end of their life, requiring significant capital expenditure in the near future. • **Traffic Congestion:** The property's location may be subject to heavy traffic during peak hours, especially when commuting across the Gervais Street Bridge. This could lead to longer commute times and frustration. Buyers need to factor this into their daily routine. The average commute time in West Columbia is around 22 minutes, but this may be higher for those traveling to downtown Columbia. • **Age and Maintenance:** Given the lack of information, the property's age is unknown. Older homes tend to require more maintenance and repairs than newer homes. Buyers should be prepared for potential maintenance costs. Specifically, homes older than 20 years may have outdated wiring, plumbing, and HVAC systems. • **Lack of Updates:** The absence of information about property updates implies the property could be outdated and require modernization. This could include kitchen and bathroom remodels, new flooring, and painting. Renovation costs can range from $10,000 to $50,000+ depending on the scope of work.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$273,167

15.3% above list price

Median Price

$279,000

Based on 6 recent sales

Price per Sq.Ft

$161

Comparable Properties

608 Rothenburg Road, Lexington, SC 29073
Price: $270,000
Sq.Ft: 1,735
Beds/Baths: 4/2
$/Sq.Ft:
$15622.9%
Sale Date: 10/4/2024
3816 Leaphart Road, West Columbia, SC 29169
Price: $260,000
Sq.Ft: 1,868
Beds/Baths: 3/2
$/Sq.Ft:
$1399.9%
Sale Date: 8/1/2024
206 Snow Lane, Lexington, SC 29073
Price: $279,000
Sq.Ft: 1,564
Beds/Baths: 3/2
$/Sq.Ft:
$17840.8%
Sale Date: 8/20/2024
342 Heartwood Drive, Lexington, SC 29073
Price: $282,000
Sq.Ft: 1,571
Beds/Baths: 3/2
$/Sq.Ft:
$18041.7%
Sale Date: 8/12/2024
4007 Barbara Drive, West Columbia, SC 29169
Price: $242,500
Sq.Ft: 1,502
Beds/Baths: 3/2
$/Sq.Ft:
$16127.5%
Sale Date: 8/19/2024
702 Wilstatt Road, Lexington, SC 29073
Price: $305,503
Sq.Ft: 1,984
Beds/Baths: 3/3
$/Sq.Ft:
$15421.6%
Sale Date: 8/27/2024

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