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13502 Sloan St
Rockville, MD

13502 Sloan St

$660,400
5 bd • 4 ba • 2,042 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$660,400

Price/Sq.Ft

$323

Year Built

AI Property Analysis

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

The Good

The property at 13502 Sloan St, Rockville, MD 20853 offers excellent value with a spacious 2,042 sqft layout, priced at $323.41/sqft, which is approximately 20% below the Rockville average of $400-$450/sqft. With 5 bedrooms and 4 bathrooms, it provides ample space for large families or potential rental opportunities. The lot features mature trees, providing natural shade and privacy, which can reduce cooling costs in summer. The property's location in Rockville grants access to highly-rated schools, with Montgomery County Public Schools consistently ranking among the top in Maryland. The median income of $133,141 in the area suggests a stable, affluent neighborhood, which bodes well for long-term property values.

The Bad

While the property offers good value, the lack of listed features and property description raises concerns about its condition and potential renovation needs. The driveway appears to be in need of repair or resurfacing. The exterior siding and roof may require updates or replacement, depending on their age and condition. The presence of a covered item (possibly a boat or RV) in the driveway suggests potential HOA restrictions or zoning issues regarding vehicle storage. The property's unknown build year could indicate an older home, potentially leading to higher maintenance costs and outdated systems.

The Ugly

The property's curb appeal is compromised by visible maintenance issues, including an unkempt lawn, weeds growing through the driveway, and potentially dated exterior features. These factors could significantly impact resale value and may indicate deeper maintenance issues. The large trees close to the house pose a risk of root damage to the foundation and potential falling limbs during storms. If the house is older, there may be concerns about asbestos, lead paint, or outdated electrical systems, which could require costly remediation. The lack of visible updates or modern features suggests potentially high renovation costs to bring the property up to current market standards.

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 buyers with a household income of $150,000+ who are looking for a spacious family home in a good school district. It's ideal for those willing to invest in renovations to customize the property to their needs. Investors looking for a potential rental property could benefit from the 5-bedroom layout, with possible rental income of $2,700-$3,000 per month based on local rates. DIY enthusiasts or contractors who can handle significant updates could see substantial equity gains by improving the property's condition and curb appeal.

Not For

This property is not suitable for buyers seeking a move-in ready home or those without the budget for potential major renovations. First-time homebuyers might find the maintenance and potential repair costs overwhelming. Individuals with mobility issues may struggle with the split-level design typical of homes in this style and era. Buyers looking for modern amenities or an updated aesthetic would likely need to invest significantly in renovations.
Demographics
Area Median Income

$133,141

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Risk Assessment

Risk Analysis

Major risks include potential foundation issues due to large trees close to the house, with repair costs potentially exceeding $10,000. The unknown build year suggests possible presence of hazardous materials like asbestos or lead paint, with remediation costs ranging from $5,000 to $30,000+. Outdated electrical, plumbing, or HVAC systems could require full replacements, each potentially costing $10,000-$20,000. The property's condition may make it difficult to obtain conventional financing, potentially limiting the buyer pool for future resale. Climate risks in Rockville include occasional flooding and severe storms, which could necessitate additional insurance coverage and potential mitigation measures.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$672,567

1.8% above list price

Median Price

$675,000

Based on 6 recent sales

Price per Sq.Ft

$324

Comparable Properties

13006 PAYSON ST, ROCKVILLE, MD 20853
Price: $760,000
Sq.Ft: 2,292
Beds/Baths: 4/4
$/Sq.Ft:
$3322.5%
Sale Date: 10/11/2024
13410 CRISPIN WAY, ROCKVILLE, MD 20853
Price: $605,500
Sq.Ft: 1,912
Beds/Baths: 5/3
$/Sq.Ft:
$3172.1%
Sale Date: 12/2/2024
13901 SHIPPERS LN, ROCKVILLE, MD 20853
Price: $665,000
Sq.Ft: 2,016
Beds/Baths: 5/3
$/Sq.Ft:
$3302.0%
Sale Date: 11/11/2024
5311 MANORFIELD RD, ROCKVILLE, MD 20853
Price: $675,000
Sq.Ft: 2,125
Beds/Baths: 4/3
$/Sq.Ft:
$3181.8%
Sale Date: 11/18/2024
5405 MANORFIELD RD, ROCKVILLE, MD 20853
Price: $619,900
Sq.Ft: 1,825
Beds/Baths: 4/3
$/Sq.Ft:
$3405.0%
Sale Date: 11/15/2024
14400 OAKVALE ST, ROCKVILLE, MD 20853
Price: $710,000
Sq.Ft: 2,292
Beds/Baths: 5/3
$/Sq.Ft:
$3104.2%
Sale Date: 10/7/2024

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