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1209 National Avenue
Score
70
New Bern, NC

1209 National Avenue

250K
3 bd • 2 ba • 2,328 sf

This analysis was generated on 5/4/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$250,000
-11%vs 28560
Price/Sq.Ft
$107
-39%vs 28560
Above Fair Value
6.4% above range

Current Price

$250,000

Fair Range

$215,000 - $235,000

$250,000
Below Market-20%
Above Market+20%

Negotiation Leverage

4 points to consider in your offer

Recommended Offer

$225,000
Success Probability:High(65%)

AI Rationale

The recommended offer reflects the property's condition, including the need for a $15,000 kitchen renovation, $8,000 exterior painting, and $5,000 bathroom updates. The extended DOM of 66 days and multiple price reductions also support this offer, indicating seller motivation.

Overall Score
70
68
Home Condition
75
Natural Light
80
Value
58
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Outdated kitchen
Outdated kitchen

Outdated kitchen

The kitchen features outdated appliances, cabinets, and countertops. The layout is not very functional, and the space feels cramped.

Faded and peeling exterior paint
Faded and peeling exterior paint

Faded and peeling exterior paint

The exterior paint is faded and peeling in areas, particularly on the siding and trim. This suggests deferred maintenance and could lead to wood rot if not addressed.

Painted Stair Design
Painted Stair Design

Painted Stair Design

The stairs have a dated painted design that detracts from the overall aesthetic.

Peeling Exterior Paint
Peeling Exterior Paint

Peeling Exterior Paint

The exterior paint is peeling and faded, indicating a need for repainting.

Laundry Room Condition
Laundry Room Condition

Laundry Room Condition

The laundry room has an unfinished look with exposed ceiling and older appliances.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$15,000

Kitchen renovation

$15,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Nov
2021
$190,000Cash Purchase
November 9, 2021
From:Lori Lynn Martin
To:Lorris Care Llc
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$250,000
-30%List: $250,000+30%
20%
$50,000of $250,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,050/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$67,275
Closing Costs
+$17,275
Down Payment
$50,000
Buyer Agent Fee
$6,375
Loan Fees
$2,000
Title & Escrow
$1,500
Inspections
$900
Transfer Tax
$2,750
Prepaid Expenses
$3,750

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
66 days
vs 54 day average
This home has been listed for 66 days, while homes in this area typically sell in 54 days
Inventory Health
181
homes for sale
60 homes sold last month, indicating 3.0x more supply than demand
Price Dynamics
97.4%
of asking price
Homes typically sell for 2.6% below asking price

Price Trajectory

$299,950
Current median price
-1.7%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is stable
Prices are up 1.5% over the last 3 months
3 Months
+1.5%
6 Months
-3.1%
1 Year
-1.7%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 25.3% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$299,950
3 Months Ago
$166,000
+80.7%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$250,000
Price/sqft
$107
Layout
3 bd2 ba
Days on market
66 daysat time of analysis

Stats in the Area

Based on 5 comparable properties nearby

Average Price

$564,000

55.7%

Your price is 55.7% below average

Median Price

$550,000

54.5%

Based on 5 recent sales

Price per Sq.Ft

$268

59.9%

Your price is 59.9% below average $/sqft

Comparable Properties

408 Bern Street, New Bern, NC 28560
Price: $55,000
Sq.Ft: 2,560
Beds/Baths: 3/2
$/Sq.Ft:
$2180.0%
Sale Date: 1/15/2025
754 E Front Street, New Bern, NC 28560
Price: $860,000
Sq.Ft: 2,659
Beds/Baths: 2/3
$/Sq.Ft:
$323201.2%
Sale Date: 4/2/2025
219 New Street, New Bern, NC 28560
Price: $995,000
Sq.Ft: 2,281
Beds/Baths: 3/3
$/Sq.Ft:
$436306.2%
Sale Date: 1/20/2025
314 Metcalf Street, New Bern, NC 28562
Price: $550,000
Sq.Ft: 1,880
Beds/Baths: 2/3
$/Sq.Ft:
$293172.4%
Sale Date: 11/7/2024
806 E Front Street, New Bern, NC 28560
Price: $360,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/23/2024

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 2 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the decorative tin ceilings closely for water stains, rust, or sagging, especially around the edges and seams.

Thoroughly inspect the foundation for cracks, especially around the perimeter and in the basement (if applicable). Look for signs of water intrusion, such as efflorescence or dampness.

Inspect the roof from the ground (and from inside the attic, if accessible) for missing or damaged shingles, signs of leaks, and the overall condition of the roofing materials.

Questions to Ask

Important questions to ask during the tour

What is the age of the roof, and are there any warranties still in effect? Are there any known leaks or prior repairs to the roof?

Has the property ever experienced flooding, and if so, what measures have been taken to mitigate future flooding risks?

Given the price reductions and time on the market, are there any known issues with the property that are contributing to the difficulty in selling it?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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