masterkey logo
1335 Chase Rd
Newtown, PA

1335 Chase Rd

$800,000
4 bd • 3 ba • 2,580 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$800,000

Price/Sq.Ft

$310

Year Built

1988

AI Property Analysis

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

The Good

The property at 1335 Chase Rd, Newtown, PA offers numerous advantages. At $310.08/sqft, it's priced competitively compared to the median home value in Newtown of $502,500. The 2,580 sqft layout is spacious, exceeding the average home size in the area by approximately 20%. Recent upgrades add significant value: a completely remodeled kitchen (2019), updated bathrooms (2019), new roof and HVAC (2022), and a new garage system (2024). These improvements, totaling an estimated $75,000-$100,000 in value, reduce near-term maintenance costs. The Pennsbury School District is highly rated, with the high school scoring 8/10, potentially boosting property value by 5-10%. The minimal flood (1/10) and fire (1/10) risks are significantly better than regional averages, potentially leading to lower insurance premiums. The finished basement with a dedicated office space adds functionality, especially valuable in the current work-from-home trend. The extended back patio with a roof enhances outdoor living space, a feature that typically adds 5-10% to a home's value.

The Bad

While the property has many positives, there are some potential drawbacks. The home's age (built in 1988) means it's approaching 40 years old, which could lead to increased maintenance costs for original systems not yet replaced. The major (6/10) heat risk, with 7 hot days per year and a 98th percentile temperature of 102°F, may necessitate increased cooling costs and potential future investments in better insulation or cooling systems. The major (5/10) air quality risk, with 7 bad air days per year, could be a concern for residents with respiratory issues. The price of $800,000, while competitive on a per-square-foot basis, is still significantly above the median home value in Newtown, which could limit the potential buyer pool. The property's appreciation since its last recorded sale in 1992 ($217,000) represents an annual growth rate of about 4.7%, which is good but not exceptional compared to some high-growth markets.

The Ugly

The most concerning aspect of this property is the major (6/10) wind risk, which is classified as critical for insurance purposes. This could lead to significantly higher insurance premiums, potentially 20-30% above average rates for the area. The estimated insurance cost of $2,880/year is already high, and this wind risk could push it even higher. Additionally, the combination of wind, heat, and air quality risks suggests potential future expenses related to climate resilience upgrades, which could cost tens of thousands of dollars. The property's location near I-95, while convenient, may contribute to noise pollution and affect air quality, potentially impacting long-term livability and resale value. The lack of recent sale history (last recorded sale in 1992) makes it difficult to accurately assess short-term market trends for this specific property, adding an element of uncertainty to its current valuation.

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 upper-middle-income families or professionals with a household income of $200,000+ annually, based on the purchase price and estimated costs. It's ideal for those prioritizing space, modern amenities, and a family-friendly neighborhood within a highly-rated school district. The home would appeal to buyers who value recent upgrades and are willing to pay a premium for move-in ready condition. Work-from-home professionals will appreciate the dedicated office space in the finished basement. The property is also suitable for those looking for long-term value in a stable community, as Newtown has historically shown steady appreciation. Buyers who enjoy outdoor living will value the extended back patio and landscaped yard.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its $800,000 price tag. It's not ideal for investors looking for high rental yields, as the potential rental income (estimated $3,100/month for a 4-bedroom) would result in a low cap rate of approximately 4.65% before expenses. The property may not appeal to those seeking ultra-modern or new construction homes, as it was built in 1988. Buyers with respiratory sensitivities might be concerned about the air quality risk. Those prioritizing walkability or an urban lifestyle may find the suburban location less appealing. The property is also not suitable for buyers looking for a low-maintenance or downsized living situation, given its size and potential upkeep requirements.
Demographics
Area Median Income

$145,141

Price Prediction Challenge

Think you know what 1335 Chase Rd 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

heatMAJOR

7 extreme heat days per year

98th percentile: 102°F

windMAJOR

Insurance: Required

airMAJOR

7 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The major wind risk (6/10) is the most significant concern, potentially leading to higher insurance costs and increased risk of property damage. The heat risk (6/10) and air quality risk (5/10) could necessitate future investments in climate resilience and air filtration systems. While many systems have been updated, original components from 1988 may require replacement in the coming years. The property's price point, while competitive per square foot, is well above the median for the area, which could impact future appreciation potential. The proximity to I-95 may lead to noise pollution and potentially affect air quality. The lack of recent sales data for this specific property makes it challenging to accurately predict short-term market performance. Future commercial developments in Newtown, as mentioned in local market context, could impact property values and the character of the neighborhood.
Insurance
Annual Cost

$2,880

$240 per month

Financials

Monthly Costs

Price History

Property Taxes

$10,221
2024 Tax Assessment
9.7%from previous year
Assessed Value$41,440
Tax Rate24.67%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$819,967

2.5% above list price

Median Price

$835,000

Based on 3 recent sales

Price per Sq.Ft

$308

Comparable Properties

159 WILLOW DR, NEWTOWN, PA 18940
Price: $835,000
Sq.Ft: 2,411
Beds/Baths: 3/3
$/Sq.Ft:
$34611.7%
Sale Date: 10/3/2024
197 WILLOW DR, NEWTOWN, PA 18940
Price: $839,900
Sq.Ft: 2,700
Beds/Baths: 3/3
$/Sq.Ft:
$3110.3%
Sale Date: 9/24/2024
2081 WYNGATE DR, NEWTOWN, PA 18940
Price: $785,000
Sq.Ft: 2,929
Beds/Baths: 4/3
$/Sq.Ft:
$26813.6%
Sale Date: 9/7/2024

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

$24,000

Analyze Any Property for Free

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

Free Analysis
AI-Powered Insights
Instant Results