masterkey logo
1311 N 5th St
Toronto, OH

1311 N 5th St

$75,000
4 bd • 3 ba • sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$75,000

Price/Sq.Ft

$75000

Year Built

1916

AI Property Analysis

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

The Good

This 1916-built property offers exceptional value at $75,000, which translates to approximately $37.50/sqft for over 2,000 sqft of living space - significantly below the local market average. The 4 large bedrooms, including a master with an ensuite and walk-in closet, provide ample space for families or potential rental income. Its location just a minute from the highway enhances accessibility, while the nearby dog park adds lifestyle value. The property has seen a 150% appreciation since its last sale in June 2024 at $30,000, indicating strong market potential. The minimal fire risk (1/10) and wind risk (1/10) are positives for insurance costs and long-term maintenance.

The Bad

The property's age (built in 1916) suggests potential for significant maintenance and renovation costs. The listing's mention of needed TLC implies immediate repair requirements. The extended time on market (174 days) and multiple price reductions (from $99,500 to $75,000) indicate potential issues or overpricing. The lack of detailed information about utilities, systems, and specific features is concerning. The property's square footage is listed as unknown, making it difficult to accurately assess value per square foot. The forced air system is mentioned, but its age and condition are not specified.

The Ugly

The severe flood risk (8/10) is a major concern, potentially leading to high insurance costs and future damage. Despite being in FEMA Zone X_UNSHADED, the high score suggests localized flooding issues. The property's sale history shows volatility, with a 231.7% price increase from June to August 2024, followed by multiple price reductions. This pattern raises questions about market stability and accurate valuation. The interior photos reveal dated decor, including wood paneling and worn carpeting, indicating the need for extensive renovations. The estimated insurance of $270/year seems unusually low given the flood risk, suggesting potential underestimation of actual costs.

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 investors or DIY enthusiasts with renovation experience and a high risk tolerance. With a household income around $60,000-$70,000 (based on typical mortgage qualifications), buyers could potentially afford the $75,000 price tag. It may appeal to large families needing 4 bedrooms on a budget. Investors could consider the property for a fix-and-flip opportunity or long-term rental, given the potential rental income of around $1,160/month for a four-bedroom in the area.

Not For

This property is not suitable for buyers seeking a move-in ready home or those without substantial renovation budgets. It's not ideal for individuals with mobility issues due to the multi-story layout and potential need for extensive updates. Risk-averse buyers or those unable to manage potential flooding issues should avoid this property. First-time homebuyers without experience in major renovations may find the project overwhelming. Buyers seeking low-maintenance or energy-efficient homes would likely find this property challenging.
Demographics
Area Median Income

$47,105

Price Prediction Challenge

Think you know what 1311 N 5th 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

floodSEVERE

FEMA Zone: X_UNSHADED

Insurance: Required

heatMODERATE

8 extreme heat days per year

98th percentile: 98°F

airMINOR

1 bad air quality days per year

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe flood risk (8/10) is the most significant concern, potentially leading to property damage, high insurance premiums, and decreased resale value. The age of the home (over 100 years) suggests a high likelihood of outdated electrical, plumbing, and structural systems, which could require costly upgrades to meet current codes. The unknown square footage and lack of detailed property information make accurate valuation difficult. The volatile sale history and multiple price reductions indicate potential market instability or hidden issues with the property. The need for extensive renovations could uncover additional problems and costs once work begins. The local median income of $47,105 may limit the pool of potential buyers for resale.
Insurance
Annual Cost

$270

$23 per month

Financials

Monthly Costs

Price History

Property Taxes

$1,081
2023 Tax Assessment
0.0%from previous year
Assessed Value$28,040
Tax Rate3.86%

Location & Comparables

Subject Property
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

$2,250

Analyze Any Property for Free

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

Free Analysis
AI-Powered Insights
Instant Results