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1314 Elon Rd
Score
72
Madison Heights, VA

1314 Elon Rd

760K
4 bd • 3 ba • 4,660 sf

This analysis was generated on 6/28/2025. 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
$759,900
+233%vs 24572
Price/Sq.Ft
$163
-6%vs 24572
Above Estimated Range
1.3% above range

Current Price

$759,900

Estimated Range

$725,000 - $750,000

$759,900
Below Market-20%
Above Market+20%

*AI analysis for entertainment only - not professional appraisal. Consult licensed professionals for property valuations.*

Market Data Points

4 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

AI Suggested Range (Entertainment Only)

$735,000
AI Success Estimate:High(75%)
*Entertainment only - actual results may vary*

AI Rationale

The offer reflects the property's value considering necessary renovations and DOM. The seller's potential motivation and market conditions support this strategy.

AI Analysis Score
72
73
Home Condition
78
Natural Light
73
Value
68
Location

*AI scoring for entertainment purposes only. Scores are subjective and not professional evaluations. Consult professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Wood Paneling
Wood Paneling

Wood Paneling

The wood paneling throughout the living area is dated and detracts from the home's appeal.

Brick Fireplace
Brick Fireplace

Brick Fireplace

The brick fireplace is outdated and could benefit from a modern update.

Outdated Bathroom
Outdated Bathroom

Outdated Bathroom

The bathroom features an outdated design with a basic vanity and older fixtures. The tile work in the shower area appears dated and could benefit from modernization.

Deferred Maintenance on Outbuilding
Deferred Maintenance on Outbuilding

Deferred Maintenance on Outbuilding

The barn/outbuilding shows signs of deferred maintenance, including peeling paint and weathered wood. The interior is unfinished.

Green Roof
Green Roof

Green Roof

The green roof color is not a modern or neutral color and may not appeal to all buyers.

Worn Patio Surface
Worn Patio Surface

Worn Patio Surface

The exterior patio has a painted concrete surface that appears worn and dated. The brickwork shows some signs of weathering.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$22,500

Kitchen Renovation

$15,000
High

Bathroom Renovation

$7,500
High

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

Ownership History

Previous ownership changes and transaction details

Jun
2015
$400,000Financed
June 24, 2015
From:T Sherwin Cook
To:Michael S Cook Jr, Heather M Cook
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
$759,900
-30%List: $759,900+30%
20%
$151,980of $759,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $3,192/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$202,654
Closing Costs
+$50,674
Down Payment
$151,980
Buyer Agent Fee
$19,377
Loan Fees
$6,079
Title & Escrow
$4,560
Inspections
$900
Transfer Tax
$8,359
Prepaid Expenses
$11,399

* 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 Data Buyer Power
Market Speed
80 days
vs 31 day average
This home has been listed for 80 days, while homes in this area typically sell in 31 days
Inventory Health
31
homes for sale
17 homes sold last month, indicating 1.8x more supply than demand
Price Dynamics
99.0%
of asking price
Homes typically sell for 1.0% below asking price

*Market analysis for entertainment purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$257,850
Current median price
-21.4%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests stability
Prices are down 0.2% over the last 3 months
3 Months
-0.2%
6 Months
-1.8%
1 Year
-21.4%

*Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.*

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales increasing 35.1% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$257,850
3 Months Ago
$155,750
+65.6%

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 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...

Educational Tour Ideas

Educational suggestions for property tours

Inspect the barn's electrical system, looking for exposed wiring, damaged outlets, and overall condition of the panel.

Thoroughly inspect the in-law suite/apartment, paying close attention to plumbing fixtures, electrical outlets, and overall condition.

Inspect the roof closely for any signs of damage, such as missing or damaged shingles, sagging, or water stains.

Check the well water pressure by running multiple faucets simultaneously and flushing toilets.

Inspect the septic system access points for any signs of leaks, backups, or unusual odors.

Inspect the foundation for cracks, especially around windows and doors, and look for signs of water intrusion in the basement or crawl space.

Educational Questions

Sample questions for educational purposes

Can you provide documentation regarding the new roof installation, including warranty information and the name of the contractor?

What is the maintenance schedule for the saltwater pool, and what have been the major repairs or expenses in the past 3 years?

Are there any restrictions or covenants related to livestock or farming activities on the property?

Given the flood risk assessment, has the property ever experienced flooding, and what measures have been taken to mitigate flood damage?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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