1177 Snyder Ln

• Gourmet Kitchen with Quartz Countertops: High-end kitchen with modern appliances and finishes, adding approximately $20,000 to the value. • Vaulted Ceilings: Vaulted ceilings create a spacious and luxurious feel, adding approximately $10,000 to the value. • Hardwood Flooring Throughout: Adds warmth and elegance, increasing the value by approximately $15,000. • Double Front Doors: Adds curb appeal and a sense of grandeur, increasing the value by approximately $5,000. • Quartz Countertops • Hardwood Flooring • Vaulted Ceilings • Modern Kitchen Appliances • Updated Bathrooms • Price Position: At $672.18 per square foot, a comparison to recent sales of similar properties in the Northgate neighborhood is crucial to determine if the property is priced competitively. • Appreciation Trend: The property sold for $1,000,000 in 2002 and $2,425,000 in 2023, demonstrating significant long-term appreciation. However, the recent listing price increase of 20.7% needs to be justified by current market conditions. • Potential Equity: Property could be worth up to $67,000 more than the asking price • Rental Income: $5,240/month with 95% occupancy (3.5% cap rate) • Schools: The strong school ratings, particularly for Northgate High School, likely add an estimated 5-10% premium to property values compared to similar homes in areas with lower-rated schools. This is a significant selling point. • Safety: Violent crime is higher than state (16.7%) and national (7.0%) averages. Property crime is higher than the state (28.1%) but lower than the national (53.6%) average. Robbery and burglary rates are significantly higher than both state and national averages. • Future Development: No specific large-scale developments are planned in the immediate vicinity that would drastically alter the neighborhood character. Monitor city planning documents for potential future developments. • Excellent natural light throughout the main living areas, especially in the kitchen and living room, due to large windows and sliding doors.