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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.

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

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

Sunlight Analysis

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Schools

Nearby school quality by education level

Middle

8.0/10
Excellent

High

6.0/10
Good

Financials

Monthly Costs
Market Rent (4 bed)

$791

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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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