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1160 Briarcliff Rd NE APT 3
Score
0
Atlanta, GA

1160 Briarcliff Rd NE APT 3

274K
2 bd • 1 ba • 1,216 sf

This analysis was generated on 2/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$273,900

Price/Sq.Ft

$225

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 $225.25 per square foot, the property is competitively priced compared to the Atlanta average, making it an attractive option for budget-conscious buyers. The median sales price per square foot in Atlanta is closer to $300. • Proximity to Amenities: Located on Briarcliff Road NE, the property offers convenient access to nearby amenities, including restaurants, shops, and parks, enhancing its appeal to potential buyers. • Rental Income Potential: With median rental rates for a 2-bedroom apartment in Atlanta at $2,160 per month, the property presents a viable investment opportunity for landlords seeking rental income.

The Bad

• Limited Information: The lack of property features, description, and room details makes it difficult to assess the property's true value and condition. • Unknown Build Year: The unknown build year raises concerns about potential maintenance issues and outdated systems, potentially requiring costly repairs or upgrades. Older homes may have issues such as lead paint or asbestos. • No Utility Information: The absence of utility information makes it challenging to estimate monthly expenses, potentially leading to budgeting difficulties.

The Ugly

• Missing Property Details: The absence of a property description, room details, and utility information raises red flags about potential undisclosed issues or neglect, requiring thorough due diligence. • Unknown Build Year Risks: Without knowing the build year, potential buyers face uncertainty regarding the property's structural integrity, code compliance, and potential need for major renovations. • Financial Uncertainty: The lack of property information and high insurance costs in Atlanta could lead to unexpected financial burdens, making it difficult to budget accurately for homeownership.

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

• Renters Seeking Stability: With median rental rates for a 2-bedroom in Atlanta at $2,160, this property offers a fixed monthly mortgage payment, potentially lower than current rental costs, providing long-term financial predictability. Assuming a 20% down payment and a 7% interest rate, the monthly mortgage payment would be approximately $1,448, not including property taxes and insurance. • Buyers Seeking a Condo Alternative: This house offers more privacy and potentially fewer HOA restrictions than a condominium, appealing to those seeking independence and control over their property. • Buyers Interested in a Convenient Location: The Briarcliff Road location provides easy access to major Atlanta attractions and amenities, making it suitable for individuals who value convenience and connectivity to the city.

Not For

• Buyers Requiring Detailed Property Information: The lack of property features, description, room details, and utility information makes it challenging to assess the property's suitability without further investigation. • Buyers Seeking a Modern Home: The unknown build year may indicate an older property, which may not appeal to buyers seeking modern amenities and updated features. • Buyers with Limited Renovation Budgets: The unknown condition of the property and lack of utility information may necessitate significant renovations, which could strain the budget of buyers with limited funds.
Demographics
Area Median Income

$112,245

Property History

Price History
Ownership Timeline
$166,000Cash Purchase
Nov 20, 2015
Shelley L KingNicholas D Dillon, Mareta A Thompson
Warranty Deed
Standard Sale (Purchase/Resales)
$77,900Financed
Apr 26, 1993
Susan B PesceShelley L King
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• Unknown Property Condition: The absence of a property description and room details makes it difficult to assess the condition of the home, potentially leading to unexpected repair costs. • Unclear Utility Costs: The lack of utility information makes it challenging to estimate monthly expenses, potentially leading to budgeting difficulties. • Market Volatility: Atlanta's real estate market is subject to price fluctuations, which could impact the property's long-term value. • Competition: Atlanta is a competitive market, and buyers may face bidding wars and other challenges when trying to purchase a home.

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Financials

Monthly Costs
Market Rent (2 bed)

$2,160

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$273,900
Price/sqft
$225
Layout
2 bd1 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$486,333

43.7%

Your price is 43.7% below average

Median Price

$430,000

36.3%

Based on 6 recent sales

Price per Sq.Ft

$430

47.6%

Your price is 47.6% below average $/sqft

Comparable Properties

974 Greenwood Avenue NE #2, Atlanta, GA 30306
Price: $430,000
Sq.Ft: 1,015
Beds/Baths: 2/1
$/Sq.Ft:
$42488.1%
Sale Date: 1/30/2025
974 Greenwood Avenue NE #2, Atlanta, GA 30306
Price: $430,000
Sq.Ft: 1,015
Beds/Baths: 2/1
$/Sq.Ft:
$42488.1%
Sale Date: 1/30/2025
1122 Rosedale Drive NE #B4, Atlanta, GA 30306
Price: $401,500
Sq.Ft: 980
Beds/Baths: 2/1
$/Sq.Ft:
$41081.9%
Sale Date: 11/21/2024
1122 Rosedale Drive NE #B4, Atlanta, GA 30306
Price: $401,500
Sq.Ft: 980
Beds/Baths: 2/1
$/Sq.Ft:
$41081.9%
Sale Date: 11/20/2024
1232 Lanier Boulevard NE, Atlanta, GA 30306
Price: $627,500
Sq.Ft: 1,376
Beds/Baths: 3/1
$/Sq.Ft:
$456102.5%
Sale Date: 9/25/2024
1232 Lanier Boulevard NE, Atlanta, GA 30306
Price: $627,500
Sq.Ft: 1,376
Beds/Baths: 3/1
$/Sq.Ft:
$456102.5%
Sale Date: 9/21/2024

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