masterkey logo
12 N Court St
Morris, MN

12 N Court St

$284,900
4 bd • 2 ba • 2,525 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$284,900

Price/Sq.Ft

$113

Year Built

1967

AI Property Analysis

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

The Good

This property at 12 N Court St, Morris, MN offers exceptional value at $112.83/sqft, which is significantly lower than the average price for similar homes in the area. The spacious 2,525 sqft layout provides ample living space, with 4 bedrooms and 2 bathrooms, making it suitable for larger families or those needing extra rooms for offices or guests. The home has appreciated by 46.5% since 2016, showing strong market performance. The attached 2-stall heated garage adds considerable value, especially in Minnesota's climate. The property's location near highly-rated schools (Morris Area Elementary rated 7/10 and Morris Area Secondary rated 8/10) enhances its appeal for families. Climate risk scores are generally favorable, with minimal flood risk (1/10) and minor wind risk (2/10), which could lead to lower insurance premiums compared to properties with higher risk scores.

The Bad

The property was built in 1967, making it 58 years old as of 2025. This age suggests potential need for updates or replacements of major systems like plumbing, electrical, or HVAC. The home's price increased by 21.2% since its last sale in 2022, which is a significant jump and may indicate it's priced at the higher end of its market value. The moderate fire risk (3/10) and air quality risk (3/10) are slightly concerning and may require additional precautions or investments in air filtration systems. The estimated insurance cost of $1,025.64/year is relatively high and should be factored into the overall cost of ownership.

The Ugly

Given the age of the house, there could be hidden issues not immediately apparent, such as outdated wiring, aging plumbing, or inefficient insulation. These could lead to significant repair costs in the near future. The moderate fire risk (3/10) combined with the property's age raises concerns about potential fire hazards that may require expensive upgrades to mitigate. The rapid appreciation of 21.2% in just three years might indicate a potential market bubble, which could lead to a correction in property values. The lack of information about the FEMA flood zone, despite the minimal flood risk, creates uncertainty about future insurance requirements or potential flooding issues.

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

This property is best suited for growing families or multi-generational households who need ample space and value proximity to good schools. With 4 bedrooms and 2,525 sqft, it can accommodate larger families comfortably. The open-concept living and dining area makes it ideal for those who enjoy entertaining. The attached heated garage and backyard with a fort make it perfect for families with children or those who need extra storage space. Given its appreciation history, it could also appeal to investors looking for long-term value appreciation in a stable market.

Not For

This property is not ideal for first-time homebuyers or those on a tight budget, given the potential for high maintenance costs due to its age. It's also not suitable for individuals or couples looking for a low-maintenance, modern home with the latest energy-efficient features. Those sensitive to air quality issues may want to reconsider due to the moderate air quality risk. Buyers looking for a home they can immediately occupy without any renovations or updates may find this property challenging.
Demographics
Area Median Income

$0

Price Prediction Challenge

Think you know what 12 N Court St will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

fireMODERATE

Insurance: Recommended

airMODERATE

3 bad air quality days per year

heatMINOR

7 extreme heat days per year

98th percentile: 98°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: UNKNOWN

Insurance: Optional

Risk Analysis

The age of the home (58 years) presents a significant risk for major system failures or necessary upgrades. This could include the need for a new roof, HVAC system, or plumbing overhaul, each potentially costing tens of thousands of dollars. The moderate fire risk (3/10) may necessitate upgrades to the electrical system or installation of advanced fire prevention measures. The rapid appreciation of 21.2% since 2022 poses a risk of market correction, potentially leading to a decrease in property value in the short term. The moderate air quality risk (3/10) with 3 bad air days per year could pose health risks and may require investment in air purification systems. While the flood risk is minimal, the unknown FEMA flood zone status creates uncertainty about future insurance requirements or potential changes in flood risk assessment.
Insurance
Annual Cost

$1,026

$85 per month

Financials

Monthly Costs

Price History

Property Taxes

$2,776
2024 Tax Assessment
8.0%from previous year
Assessed Value$231,800
Tax Rate1.20%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$8,547

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results