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1341 Palace Garden Way
Score
0
Raleigh, NC

1341 Palace Garden Way

676K
4 bd • 4 ba • 3,299 sf

This analysis was generated on 3/6/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$675,700

Price/Sq.Ft

$205

Year Built

AI Property Analysis

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

The Good

• Hardwood Flooring: Classic hardwood flooring throughout main living areas adds warmth and value • Extensive Trim and Molding: Detailed trim work and molding enhance the architectural character and perceived quality • Granite Countertops: Durable and attractive granite countertops in the kitchen add a touch of luxury • Brick Exterior • Hardwood Floors • Granite Countertops • Stainless Steel Appliances • Price Position: The property's price per square foot ($204.82) is below the recent median price per square foot in 27603 ($222), suggesting it may be overpriced relative to the market. • Appreciation Trend: The 2.6% year-over-year price increase is relatively modest, suggesting a potential slowdown in appreciation compared to previous years. • Negotiation Opportunity: Given that many homes are selling quickly, a property on the market for longer than 30 days may present a negotiation opportunity. • Rental Income: $2,293/month with 95% occupancy (4.5% cap rate) • Schools: No school data available, therefore the impact on property value cannot be assessed. • Future Development: No specific planned development data available for this location. • Good natural light throughout the house, especially in the living and dining areas. Large windows provide ample daylight.
Hardwood Flooring

Hardwood Flooring

Classic hardwood flooring throughout main living areas adds warmth and value.

Extensive Trim and Molding

Extensive Trim and Molding

Detailed trim work and molding enhance the architectural character and perceived quality.

The Bad

• Update Kitchen Appliances (MEDIUM priority): $6,000 • Modernize Kitchen Backsplash (LOW priority): $4,000 • Rising interest rates could dampen buyer demand and slow price appreciation. • The relatively low year-over-year price increase (2.6%) compared to previous years may indicate a cooling market. • Lack of specific property details (year built, features, condition) makes a comprehensive risk assessment challenging. • Climate Risk: No specific climate risk data available, therefore insurance implications cannot be assessed.

The Ugly

No critical issues identified

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

Rental Property Investors: Potential annual revenue of $27,516 with 95% occupancy rate Value Investors: Projected 11.0% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $10,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$74,737

Property History

Price History
Ownership Timeline
$380,000Financed
May 3, 2016
Michael Shawn Maier, Kristen Amy MaierChayanika Mohan, Deepjyoti Rajkhowa
Warranty Deed
Standard Sale (Purchase/Resales)
$335,000Financed
Jun 3, 2011
Charles William Plitt Jr, Linda Folmar PlittMichael Shawn Maier, Kristen Amy Maier
Warranty Deed
Standard Sale (Purchase/Resales)
$350,000Financed
Jun 26, 2009
Homescape Building CompanyCharles William Plitt Jr, Linda Folmar Plitt
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

4.5/10
Average

Middle

5.5/10
Average

High

5.0/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,213

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$675,700
Price/sqft
$205
Layout
4 bd4 ba
0

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$695,000

2.8%

Your price is 2.8% below average

Median Price

$695,000

2.8%

Based on 1 recent sales

Price per Sq.Ft

$229

10.6%

Your price is 10.6% below average $/sqft

Comparable Properties

3731 Olympia Drive, Raleigh, NC 27603
Price: $695,000
Sq.Ft: 3,032
Beds/Baths: 4/3
$/Sq.Ft:
$22911.9%
Sale Date: 10/17/2024

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