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14 Ironwood Dr
Score
0
Conway, AR

14 Ironwood Dr

323K
4 bd • 2 ba • 1,806 sf

This analysis was generated on 2/10/2025. 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

$323,000

Price/Sq.Ft

$179

Year Built

1987

AI Property Analysis

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

The Good

• Recent Renovations: The roof is only 4 years old, and new floors were installed 2 years ago. These updates reduce the likelihood of immediate major repairs. • Updated Kitchen: The stylish kitchen with stainless steel appliances is an attractive feature for many buyers. Updated appliances can also be more energy-efficient. • Proximity to Amenities: The property is within walking distance of Gatling Park, bike trails, Chick-fil-A, and Walmart. This adds convenience for daily errands and recreational activities. • Good Schools: The property is located near Julia Lee Moore Elementary School (8/10 rating) and Conway Junior High School (8/10 rating). • Outdoor Space: The screened-in back porch and fully fenced backyard provide outdoor living space.

The Bad

• Moderate Flood Risk: A flood risk of 3/10 and FEMA Zone AE designation means flood insurance is likely required, adding to the monthly housing costs. • Limited Property Details: The listing lacks details regarding lot size, specific room dimensions, and HOA information (if applicable). This makes it difficult to assess the overall value and potential restrictions. • Reliance on Personal Vehicles: Conway's limited public transportation means reliance on personal vehicles. • Heat Risk: The heat risk is considered major, with 7 hot days per year and a 98th percentile temperature of 111°F. This could lead to higher energy bills during the summer months.

The Ugly

• Significant Price Increase: The property's listing price has increased by 70% since it was last sold in February 2023 for $190,000. This dramatic increase warrants careful investigation to ensure it is justified by renovations and market appreciation. Without detailed documentation of improvements, this increase may be difficult to justify. • Potential for Overpricing: At $178.85 per square foot, the property's price per square foot is at the higher end compared to Conway's average. • Moderate Wind Risk: A wind risk of 4/10 suggests potential vulnerability to wind damage. Review insurance coverage for wind-related events and assess the structural integrity of the property.

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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

• First-time homebuyers seeking a move-in ready property near amenities: The recent renovations, proximity to schools (Julia Lee Moore Elementary School 8/10 rating), parks, and retail stores, combined with a fenced backyard, make this property attractive. The $323,000 price point might align with first-time buyer budgets in Conway. • Families prioritizing access to outdoor activities: The direct access to Tucker Creek Trail and walking distance to Gatling Park offer recreational opportunities. This is ideal for those who value an active lifestyle and outdoor convenience. • Individuals seeking a rental property with good cash flow: Based on the market insights, a 4-bedroom property in Conway can be rented for approximately $1470 per month in 2023. Factoring in estimated insurance ($1162.8/year or ~$97/month) and property taxes (approximately 0.58% of assessed value annually, or ~$156/month based on the current listing price), potential investors should calculate the property's cash flow. • Buyers who value updated features and low-maintenance living: The recent roof replacement (4 years old) and new flooring (2 years old), along with stainless steel appliances, reduce the need for immediate repairs or upgrades.

Not For

• Buyers seeking a large lot or significant privacy: The property description does not mention lot size, but standard lots in Conway are often smaller. • Individuals who prioritize proximity to specialized healthcare: Conway residents often rely on Little Rock hospitals for specialized care. • Buyers who want minimal climate risk: The property has moderate flood and wind risks and a major heat risk, potentially increasing insurance costs and requiring additional weather preparedness measures.
Demographics
Area Median Income

$51,526

Property History

Price History
Ownership Timeline
$140,000Cash Purchase
Sep 27, 2022
Charles Blue Jr, Ginger BlueSteve L Broach, Marcey A Sullivan Broach
Warranty Deed
Standard Sale (Purchase/Resales)
$108,000Financed
Jul 27, 2018
Vickie Lynn Weber, Vickie L WeberCharles Blue Jr, Ginger Blue
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$982
2023 Tax Assessment
1.2%from previous year
Assessed Value$27,810
Tax Rate3.53%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 111°F

windMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: High Risk Area

Insurance: Required

fireMINIMAL

Insurance: Recommended

airMINIMAL

0 bad air quality days per year

Risk Analysis

• Flood Risk: With a moderate flood risk (3/10) and FEMA Zone AE designation, flood insurance is likely required, adding to the monthly housing costs. Premiums can vary based on the elevation certificate. • Heat Risk: A major heat risk (6/10) with 7 hot days per year and a 98th percentile temperature of 111°F may result in higher energy bills during the summer months. Ensure the HVAC system is efficient and consider energy-saving upgrades like improved insulation or window replacements. • Price Volatility: The property's sale history shows price fluctuations. The 70% increase in the listing price since the last sale in 2023 requires careful scrutiny. • For Sale By Owner: Transactions may require more due diligence on the buyer's part, since there is no agent involved. • Tornado Risk: Arkansas is in "Tornado Alley," meaning residents should ensure they have a safety plan and adequate insurance coverage.
Insurance
Annual Cost

$1,163

$97 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

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20.0% of purchase price

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$323 monthly
$97 monthly

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Schools

Julia Lee Moore Elementary School

PublicGrades K-4
8/5
Elementary
1 mi
Get more information on GreatSchools

Conway Junior High School

PublicGrades 8-9
8/5
Middle
0.9 mi
Get more information on GreatSchools

Conway High West

PublicGrades 10-12
6/5
High
0.4 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$1,470

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$323,000
Price/sqft
$179
Layout
4 bd2 ba
Days on market
15 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$183,800

75.7%

Your price is 75.7% above average

Median Price

$220,000

46.8%

Based on 6 recent sales

Price per Sq.Ft

$107

67.1%

Your price is 67.1% above average $/sqft

Comparable Properties

Price: $117,000
Sq.Ft: 2,019
Beds/Baths: 4/2
$/Sq.Ft:
$5867.6%
Sale Date: 1/21/2025
807 Farris, Conway, AR 72034
Price: $175,000
Sq.Ft: 1,989
Beds/Baths: 3/2
$/Sq.Ft:
$8850.8%
Sale Date: 1/12/2025
2108 Millwood Drive, Conway, AR 72032
Price: $225,000
Sq.Ft: 1,868
Beds/Baths: 3/2
$/Sq.Ft:
$12032.7%
Sale Date: 12/18/2024
890 Heather Circle, Conway, AR 72034
Price: $249,900
Sq.Ft: 1,677
Beds/Baths: 3/2
$/Sq.Ft:
$14916.7%
Sale Date: 12/13/2024
1835 Drury Lane, Conway, AR 72034
Price: $220,000
Sq.Ft: 1,460
Beds/Baths: 3/2
$/Sq.Ft:
$15115.7%
Sale Date: 1/24/2025
7 Forrest Lane, Conway, AR 72034
Price: $115,900
Sq.Ft: 1,537
Beds/Baths: 3/2
$/Sq.Ft:
$7557.8%
Sale Date: 12/31/2024

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