Score
0Tulsa, OK
1113 S Gary Pl
330K
4 beds
2 baths
2,248 sqft
4 bd • 2 ba • 2,248 sf
This analysis was generated on 2/21/2025. 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
$329,900
Price/Sq.Ft
$147
Year Built
1930
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Duplex configuration: The property consists of two separate 2-bedroom, 1-bath units, offering the potential for rental income or owner-occupancy with rental income to offset mortgage costs.
• Prime location near the University of Tulsa: The property's proximity to the university makes it attractive to students, faculty, and staff, ensuring a consistent tenant pool. The area is described as trendy and walkable, offering convenient access to amenities.
• New roof: The recent roof replacement is a significant selling point, reducing the risk of leaks and water damage. A new roof typically costs between $8,000 and $15,000, so this is a valuable upgrade.
• Full-brick construction: The full-brick exterior provides durability, low maintenance, and resistance to weather elements. Brick homes often have better insulation and soundproofing compared to other types of construction.
• Minimal flood and fire risk: The property has a minimal flood risk (1/10) and a minimal fire risk (1/10), which translates to lower insurance costs and reduced risk of property damage.
The Bad
• Low school ratings: The assigned schools, Mayo Demonstration Elementary School (4/10) and Will Rogers High School (4/10), have below-average ratings. This may deter families with children and impact resale value. The rating for Hale Junior High School is not available, adding further uncertainty.
• Limited information on property condition: The property description mentions a new roof but lacks details about the condition of other essential systems (plumbing, electrical, HVAC). A comprehensive inspection is crucial to identify potential issues and estimate repair costs.
• Rising prices followed by price drops: Listed for sale at $250,000 in 2023, then sold for $240,000, the property is now listed at $329,900 after a 43.7% increase. The subsequent price decreases of 2.9% and 1.4% may signal overpricing or market resistance.
• Unknown condition of original hardwood floors: While the description highlights original hardwood floors, their condition is not specified. Refinishing or repairing hardwood floors can be costly.
• Limited details on property taxes: While property taxes in Oklahoma are relatively low, the exact amount for this property is not provided. This information is essential for calculating total ownership costs.
The Ugly
• Age of the property (built in 1930): Older homes often have hidden problems, such as outdated wiring, lead pipes, asbestos, and foundation issues. Addressing these issues can be expensive and time-consuming.
• Potential for high maintenance costs: Given the age of the property, there is a higher likelihood of needing repairs and maintenance compared to newer homes. Buyers should factor in potential costs for plumbing, electrical, HVAC, and other systems.
• Limited information on neighborhood crime rates: The property description does not provide information on crime rates in the area. Researching crime statistics is essential to assess safety and security.
• Unknown condition of essential systems: The property description lacks details about the condition of plumbing, electrical, and HVAC systems. These systems may be outdated or in need of repair, potentially leading to significant expenses.
• Foundation concerns: Oklahoma's expansive clay soil can cause foundation problems. Getting a thorough inspection by a foundation specialist is essential, especially in older homes. Look for signs like cracks in walls, uneven floors, and doors that stick.
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
• Investors seeking rental income near the University of Tulsa: The duplex configuration and proximity to the university make it attractive to students and faculty, ensuring a consistent tenant pool.
• Buyers looking for a property with immediate cash flow potential: With two 2-bedroom units, the property can generate rental income from day one. The average 2-bedroom rental rate in Tulsa is $1120, suggesting a potential gross monthly income of $2240.
• Individuals interested in living in one unit and renting out the other: The duplex setup allows for owner-occupancy while offsetting mortgage costs with rental income.
• Buyers comfortable with older homes and their associated maintenance: The property, built in 1930, may require ongoing maintenance and repairs, but its brick construction and recent roof replacement offer some reassurance.
• Those seeking properties with low flood and fire risk: The property's minimal flood and fire risk scores (1/10) translate to lower insurance costs and reduced risk of property damage.
Not For
• Buyers seeking modern, updated homes: The property was built in 1930 and may require renovations to meet modern standards. The presence of original hardwood floors may be appealing to some, but others may prefer more contemporary finishes.
• Individuals with mobility issues: Given the age of the property, there may be accessibility challenges, such as stairs or narrow doorways. A thorough inspection is recommended to assess accessibility.
• Risk-averse buyers concerned about potential maintenance costs: Older homes typically require more maintenance than newer construction. Buyers should factor in potential repair costs for plumbing, electrical, and other systems.
• Buyers seeking properties in top-rated school districts: The assigned schools have ratings of 4/10 or null/10, which may not be suitable for families prioritizing high-performing schools.
• Those seeking properties with large yards or outdoor spaces: The property description does not highlight any significant outdoor amenities, and the lot size is not specified. Buyers seeking ample outdoor space may find this property lacking.
Demographics
Area Median Income
$47,254
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 10, 2014Cox,Eloise SCox,Eloise S Trust
Quit Claim Deed
Transfer
$0Cash Purchase
Jan 27, 2014Cox,Michael & Carolyn JCox Family Trust
Quit Claim Deed
Transfer
$0Cash Purchase
Oct 18, 2013Cox,Janet MMichael Cox, Carolyn J Cox
Quit Claim Deed
Transfer
$47,500Cash Purchase
May 8, 2000Gathman,Richard A & BessieEloise S Cox
Grant Deed
Transfer
Property Taxes
$1,645
2023 Tax Assessment
4.8%from previous year
Assessed Value$12,965
Tax Rate12.69%
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
AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$810
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$329,900
Price/sqft
$147
Layout
4 bd•2 ba
Days on market
42 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$402,667
18.1%
Your price is 18.1% below average
Median Price
$440,000
25.0%
Based on 6 recent sales
Price per Sq.Ft
$194
24.4%
Your price is 24.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1338 S Florence Avenue E, Tulsa, OK 74104 | $353,000 | 2,235 | 3 | 2 | $1587.6% | 12/26/2024 |
| 2530 E 12th Street, Tulsa, OK 74104 | $305,000 | 2,284 | 4 | 2 | $1349.0% | 12/23/2024 |
| 1943 S College Avenue, Tulsa, OK 74104 | $499,000 | 2,108 | 3 | 2 | $23761.3% | 12/6/2024 |
| 1623 S College Avenue, Tulsa, OK 74104 | $499,000 | 1,995 | 4 | 2 | $25070.4% | 10/30/2024 |
| 1302 S Gary Place, Tulsa, OK 74104 | $320,000 | 2,074 | 4 | 2 | $1545.1% | 10/8/2024 |
| 1623 S Delaware Avenue, Tulsa, OK 74104 | $440,000 | 1,924 | 3 | 2 | $22955.8% | 10/10/2024 |
1338 S Florence Avenue E, Tulsa, OK 74104
Price: $353,000
Sq.Ft: 2,235
Beds/Baths: 3/2
$/Sq.Ft:
$1587.6%
Sale Date: 12/26/2024
2530 E 12th Street, Tulsa, OK 74104
Price: $305,000
Sq.Ft: 2,284
Beds/Baths: 4/2
$/Sq.Ft:
$1349.0%
Sale Date: 12/23/2024
1943 S College Avenue, Tulsa, OK 74104
Price: $499,000
Sq.Ft: 2,108
Beds/Baths: 3/2
$/Sq.Ft:
$23761.3%
Sale Date: 12/6/2024
1623 S College Avenue, Tulsa, OK 74104
Price: $499,000
Sq.Ft: 1,995
Beds/Baths: 4/2
$/Sq.Ft:
$25070.4%
Sale Date: 10/30/2024
1302 S Gary Place, Tulsa, OK 74104
Price: $320,000
Sq.Ft: 2,074
Beds/Baths: 4/2
$/Sq.Ft:
$1545.1%
Sale Date: 10/8/2024
1623 S Delaware Avenue, Tulsa, OK 74104
Price: $440,000
Sq.Ft: 1,924
Beds/Baths: 3/2
$/Sq.Ft:
$22955.8%
Sale Date: 10/10/2024
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