masterkey logo
1374 Bragg St
Score
0
Montgomery, AL

1374 Bragg St

18K
3 bd • 1 ba • 988 sf

This analysis was generated on 2/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$18,000

Price/Sq.Ft

$18

Year Built

1945

AI Property Analysis

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

The Good

• Low price per square foot: At $18.22/sqft, the property is significantly below the average for Montgomery, AL, offering a potentially attractive entry point for investors. • Two lots for the price of one: The inclusion of an adjacent lot provides additional value and potential for expansion or development. • Proximity to historic trail: Its location along the historic Selma to Montgomery walking trail may appeal to buyers interested in historical sites and tourism. • Recent price reductions: Price reductions of 10% on 2025-02-03 and 9.1% on 2024-11-14 suggest the seller is motivated and open to negotiation.

The Bad

• Property condition: The property's age (built in 1945) and listing photos suggest it requires significant renovations and repairs. • Low school ratings: Nearby schools have low ratings (E D Nixon Elementary School (3/10), Southlawn Middle School (1/10), and Carver Senior High School (2/10)), which could deter families and impact resale value. • Extended time on market: The property has been on the market for 170 days, which is longer than the average for the area, potentially indicating issues with the property or its pricing. • Unknown utility status: The listing provides no information on the condition or functionality of the utilities and systems, raising concerns about potential repair costs.

The Ugly

• Potential high renovation costs: Extensive renovations are likely needed due to the property's age and apparent disrepair, potentially exceeding the initial purchase price. • High heat risk: A severe heat risk (7/10) with a 98th percentile temperature of 108°F and 7 hot days/year could result in high cooling costs and discomfort for residents. • Severe wind risk: A severe wind risk (8/10) could lead to significant property damage from storms and higher insurance premiums. • Low median income area: The median income in the area is $25,028, which is significantly lower than the Montgomery average, potentially indicating a lower quality of life and limited investment potential.

Reimagine This House

What would you change about this home? Describe your vision and see it transformed by AI.

Original space

Original

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

• Investors seeking a low-entry-cost property: The low price point and inclusion of an adjacent lot offer a potentially attractive investment opportunity for those willing to undertake significant renovations. • Buyers interested in historic locations: Its location along the historic Selma to Montgomery walking trail may appeal to buyers interested in historical sites. • Buyers comfortable with potential renovation costs: Given the age and condition of the property, it is best suited for buyers who are prepared for extensive repairs and upgrades. • Buyers looking for a property with expansion potential: The inclusion of a second lot provides the potential for future expansion or development, making it suitable for those with long-term plans.

Not For

• Buyers seeking a move-in-ready home: The property requires significant renovations and is not suitable for those seeking immediate occupancy. • Buyers with limited renovation budgets: Given the likely extent of necessary repairs, buyers with tight budgets may find the renovation costs prohibitive. • Risk-averse buyers: The property's condition, location in an area with moderate air quality risk and severe wind risk, and low school ratings make it a higher-risk investment. • Buyers prioritizing high school quality: The proximity to Carver Senior High School, which has a rating of 2/10, may deter buyers who place a high value on school quality.
Demographics
Area Median Income

$25,028

Property History

Price History
Ownership Timeline

Property Taxes

$55
2024 Tax Assessment
0.0%from previous year
Assessed Value$1,140
Tax Rate4.85%

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

windSEVERE

Insurance: Required

heatMAJOR

7 extreme heat days per year

98th percentile: 108°F

airMINIMAL

4 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• High renovation costs: The property's age and condition suggest significant renovation costs, including potential structural repairs, plumbing, electrical, and cosmetic updates. • School ratings: Low school ratings (E D Nixon Elementary School (3/10), Southlawn Middle School (1/10), and Carver Senior High School (2/10)) may deter families and impact resale value. • Severe weather risk: A severe wind risk (8/10) could lead to higher insurance premiums and potential property damage from storms. • Air quality: Moderate air quality risk (3/10) with 4 bad air days/year may be a concern for individuals with respiratory sensitivities. • Unknown utilities and systems: The listing lacks details on utilities and systems, potentially indicating outdated or non-functional infrastructure. This could lead to additional repair costs.
Insurance
Annual Cost

$65

$5 per month

Cost & Affordability

Monthly Costs

Breakdown of estimated monthly expenses for this property

Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements

Can You Afford This Home?

Enter your financial details to see if this property fits your budget

Calculate Your Affordability

Get a personalized affordability score based on your income, debts, and down payment

Enter total household income before taxes and deductions
20.0% of purchase price

Customize Your Mortgage

Adjust the terms to see how they affect your monthly payment

$18 monthly
$5 monthly

Price Prediction Challenge

Think you know what 1374 Bragg St 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.

Schools

E D Nixon Elementary School

Charter•Grades PK-5
3/5
Primary
0.7 mi
Get more information on GreatSchools

Southlawn Middle School

Public•Grades 6-8
1/5
Middle
4.1 mi
Get more information on GreatSchools

Carver Senior High School

Public•Grades 9-12
2/5
High
0.6 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$1,241

Get a detailed estimate on Zillow®
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

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$18,000
Price/sqft
$18
Layout
3 bd•1 ba
Days on market
169 daysat time of analysis

Stats in the Area

Based on 5 comparable properties nearby

Average Price

$1,274,500

98.6%

Your price is 98.6% below average

Median Price

$245,000

92.7%

Based on 5 recent sales

Price per Sq.Ft

$59

69.1%

Your price is 69.1% below average $/sqft

Comparable Properties

812 ALMA Drive, Montgomery, AL 36108
Price: $70,000
Sq.Ft: 1,040
Beds/Baths: 3/2
$/Sq.Ft:
$67269.4%
Sale Date: 12/20/2024
2612 Rutland Street, Montgomery, AL 36108
Price: $57,500
Sq.Ft: 1,156
Beds/Baths: 3/2
$/Sq.Ft:
$50173.0%
Sale Date: 11/2/2024
534 Rosa L Parks Avenue, Montgomery, AL 36108
Price: $3,000,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/11/2024
534 Rosa L Parks Avenue, Montgomery, AL 36108
Price: $3,000,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/11/2024
1131 S Perry Street, Montgomery, AL 36104
Price: $245,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/11/2024

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
$540
Join 1,000+ buyers

Analyze Any Property for Free

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

Free Analysis
AI-Powered Insights
Instant Results

Similar Properties

No similar properties found at this time.

View All Properties