Score
0Montgomery, AL
1374 Bragg St
18K
3 beds
1 baths
988 sqft
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
0:000:00 / 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.
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
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
1.0/10
Below AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$716
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Location & Comparables
Subject Property
Comparable Sales
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
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 812 ALMA Drive, Montgomery, AL 36108 | $70,000 | 1,040 | 3 | 2 | $67269.4% | 12/20/2024 |
| 2612 Rutland Street, Montgomery, AL 36108 | $57,500 | 1,156 | 3 | 2 | $50173.0% | 11/2/2024 |
| 534 Rosa L Parks Avenue, Montgomery, AL 36108 | $3,000,000 | N/A | N/A | N/A | N/A | 9/11/2024 |
| 534 Rosa L Parks Avenue, Montgomery, AL 36108 | $3,000,000 | N/A | N/A | N/A | N/A | 9/11/2024 |
| 1131 S Perry Street, Montgomery, AL 36104 | $245,000 | N/A | N/A | N/A | N/A | 9/11/2024 |
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
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