Score
0New Castle, VA
13 Little Mountain Rd
112K
bd • ba • 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
0:000:00 / 0:00
List Price
$112,000
Price/Sq.Ft
$112,000
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large Acreage: The 14.9-acre site offers ample space for building a home and enjoying privacy. Large parcels of land are increasingly desirable, especially for those seeking a rural lifestyle.
• Stream on Property: The presence of a stream enhances the property's appeal and provides potential recreational opportunities. Water features often increase property values.
• Available Electricity: Electricity is available, simplifying the building process and reducing initial development costs. Connecting to the power grid can be expensive, so this is a definite plus.
• Recent Price Reductions: The property has undergone two price reductions in recent months, suggesting the seller is motivated. This presents an opportunity for buyers to negotiate a favorable price. From the initial listing price of $126,900, the price has been reduced by 11.7% to $112,000.
The Bad
• Distance to Amenities: The property is located in a rural area, requiring significant travel for shopping, dining, and healthcare. The nearest town is likely New Castle, which has limited options.
• Low-Rated Schools: The nearby schools, McCleary Elementary and Craig County High School, have ratings of 2/10 and 4/10, respectively. This is a significant concern for families with children. Homes in areas with low-rated schools typically experience slower appreciation and lower resale values.
• Unknown Building Restrictions: Without further research, potential building restrictions or zoning regulations could limit the property's development potential. Obtaining permits in rural areas can sometimes be challenging.
• Reliance on Well and Septic: The property will require a well and septic system, adding significant upfront costs and ongoing maintenance responsibilities. Well water quality can vary, and septic systems require periodic pumping and potential repairs.
The Ugly
• Unknown Soil Conditions: Without a soil test, it's impossible to determine the suitability of the land for building or septic system installation. Poor soil conditions can significantly increase construction costs.
• Lack of Survey: The absence of a recent survey raises concerns about boundary lines and potential encroachments. A survey is essential to avoid future disputes with neighbors. Expect to pay $2,000-$4,000 for a professional survey.
• Limited Market Data: The lack of comparable land sales in the immediate area makes it difficult to assess the property's true market value. This uncertainty increases the risk of overpaying.
• Distance from Emergency Services: The rural location may result in longer response times for emergency services (police, fire, ambulance). This is a significant safety concern, especially for those with health 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
• Individuals Seeking Rural Land for Recreational Use: The 14.9-acre site in New Castle offers ample space for hunting, hiking, or camping, appealing to outdoor enthusiasts seeking private land. The stream adds to the recreational value.
• Buyers Interested in Building a Primary or Secondary Residence: The property is suitable for constructing a single-family home, offering a serene and secluded setting. The availability of electricity simplifies the building process.
• Investors Looking for Long-Term Land Appreciation: Land in rural areas can appreciate over time, making this property a potential long-term investment. The recent price reductions may present an attractive entry point.
• Buyers Comfortable with Well and Septic Systems: Individuals who understand the nuances of maintaining private water and sewage systems and are prepared for the associated costs and responsibilities.
Not For
• Buyers Requiring Immediate Access to Urban Amenities: The rural location of New Castle means longer drives to shopping, dining, healthcare, and entertainment. Those seeking convenience and readily available services may find this property unsuitable.
• Families Prioritizing High-Quality Schools: The local schools have low ratings (2/10 and 4/10). Families seeking top-rated schools should consider other locations.
• Buyers Unwilling to Manage Well and Septic Systems: Maintaining private water and sewage systems requires ongoing attention and expense. Those preferring public utilities may find this property less appealing.
• Individuals with Limited Financial Flexibility: Building a home involves significant upfront costs and potential unexpected expenses. Those on a tight budget may struggle to complete the project.
Demographics
Area Median Income
$0
Property History
Price History
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
2.0/10
Below AverageMiddle
4.0/10
AverageFinancials
Monthly Costs
Market Rent (0 bed)
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