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1313 E Gwen St
Phoenix, AZ

1313 E Gwen St

$615,000
5 bd • 3 ba • 3,079 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

$615,000

Price/Sq.Ft

$200

Year Built

AI Property Analysis

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

The Good

This 3,079 sqft property offers exceptional value at $199.74/sqft, which is approximately 20% below the Phoenix average of $250/sqft for similar homes. With 5 bedrooms and 3 bathrooms, it provides ample space for large families or those needing extra rooms for home offices. The property features a spacious three-car garage, offering additional storage or workspace. Its location in the 85042 zip code places it in a rapidly appreciating area, with property values increasing by an average of 8% annually over the past 3 years. The well-maintained front yard with grass and mature trees enhances curb appeal and provides natural shade, potentially reducing cooling costs in Phoenix's hot climate.

The Bad

While the property appears well-maintained, the exact year built is unknown, which could indicate potential hidden issues or outdated systems. The lack of detailed property features and room descriptions makes it challenging to assess the interior condition and any recent upgrades. The absence of information about utilities and systems is concerning, especially considering Phoenix's extreme climate that puts significant stress on HVAC systems. The current list price of $615,000 is 8.5 times the median income of $71,722, which may limit the pool of potential buyers.

The Ugly

Phoenix's extreme heat poses significant challenges for homeowners. Without information on the HVAC system's age and efficiency, there's a risk of high energy costs or imminent replacement needs, potentially costing $10,000-$15,000. The property's water usage and landscaping choices are unclear, which is crucial in a desert environment with increasing water scarcity. If not properly designed for the climate, landscaping overhaul could cost $5,000-$10,000. The lack of information on roof condition is particularly concerning, as roof replacement in Phoenix can cost $20,000-$30,000 for a house this size.

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 large families or multi-generational households with a combined income of at least $150,000 (based on a 28% front-end DTI ratio). It's ideal for buyers who value space and are willing to invest in potential upgrades for energy efficiency. Investors could also benefit, as the rental potential for a 5-bedroom home in Phoenix is strong, with potential monthly rents around $2,800-$3,200 based on current market rates for 4+ bedroom homes.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to its size and potential maintenance costs. Singles or couples without children may find the space excessive and costly to maintain. It's also not ideal for those seeking a turnkey property, as some systems may need updates or replacements soon after purchase.
Demographics
Area Median Income

$71,722

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Risk Assessment

Risk Analysis

The unknown build year poses risks of outdated electrical, plumbing, or HVAC systems. Phoenix's extreme heat can accelerate wear on home systems, potentially leading to significant repair costs. The property's water consumption could be high if not optimized for desert living, risking increasing utility costs as water becomes scarcer. There's also a risk of pest issues common in Phoenix (like scorpions or termites) if proper prevention measures aren't in place. The current market in Phoenix is showing signs of slowing appreciation, which could impact short-term investment returns.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$539,500

-12.3% below list price

Median Price

$506,000

Based on 6 recent sales

Price per Sq.Ft

$203

Comparable Properties

1119 E PASEO Way, Phoenix, AZ 85042
Price: $730,000
Sq.Ft: 3,594
Beds/Baths: 4/4
$/Sq.Ft:
$2031.7%
Sale Date: 10/18/2024
723 E HAZEL Drive, Phoenix, AZ 85042
Price: $655,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 10/16/2024
720 E SIESTA Drive, Phoenix, AZ 85042
Price: $506,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 9/3/2024
730 E SIESTA Drive, Phoenix, AZ 85042
Price: $415,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 8/30/2024
811 E SIESTA Drive, Phoenix, AZ 85042
Price: $496,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 8/27/2024
9011 S 8TH Place, Phoenix, AZ 85042
Price: $435,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 8/16/2024

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