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145 W Raylots St
Spaulding, IL

145 W Raylots St

$333,900
4 bd • 4 ba • 3,350 sf

This analysis was generated by artificial intelligence on 1/26/2025. 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

$333,900

Price/Sq.Ft

$100

Year Built

AI Property Analysis

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

The Good

• Lower Price per Square Foot: At $99.67 per square foot, the property is priced lower than average homes in larger urban areas, which could be attractive to budget-conscious buyers or those seeking more space for their money. The 3,350 sqft size is significant. • Ample Living Space: The property offers 4 bedrooms and 4 bathrooms, which is suitable for large families or those who desire extra space. This is a relatively large property, compared to smaller homes in urban areas. • Rural Setting: Spaulding's rural location could appeal to buyers seeking a quieter lifestyle, privacy, and a slower pace of life. The image suggests a property with mature trees and some privacy. • Potential for Customization: The lack of detailed information regarding the property's features and condition presents an opportunity for buyers to customize or renovate the home to their liking. However, this also implies potential repair costs.

The Bad

• Lack of Property Details: The complete absence of information regarding property features, room details, and utility systems is a significant concern. This lack of transparency makes it difficult to assess the property's true value and potential issues. • Unknown Year Built: The unknown construction year makes it difficult to assess the property's age and potential for outdated systems. Older homes often require more maintenance and may have structural or functional issues. • Limited Market Activity: Spaulding's rural nature implies limited inventory and slower turnover. This means the property might take longer to sell if the buyer decides to move in the future. Resale value may also be lower compared to properties in more populated areas. • Rural Location Disadvantages: As a very small, rural village, Spaulding lacks many of the amenities and services found in larger towns or cities. This means longer travel times for shopping, healthcare, and entertainment. • Potentially Outdated Systems: The lack of information on utilities and systems makes it difficult to evaluate potential maintenance costs. Older rural homes often have outdated plumbing, electrical systems, or septic systems that might require significant repairs or upgrades.

The Ugly

• Potential for High Repair Costs: Given the lack of information about the property's age and condition, there's a significant risk of unexpected and potentially high repair costs. This is especially true for older homes with outdated systems or structural issues. • Unknown Utility Costs: Without information on the property's utilities (e.g., electricity, gas, water), it's difficult to estimate monthly operating expenses. Rural areas can have higher utility costs due to less efficient systems or the need for well and septic maintenance. • Financing Challenges: Securing financing for rural properties can sometimes be more difficult than in urban areas. Lenders might have stricter requirements or offer less favorable terms for properties in rural locations. • Community Fit: Small-town living is not for everyone. The tight-knit community might not be suitable for individuals or families who prefer more anonymity or a faster-paced environment. It's important to spend time in Spaulding before buying to assess if it's the right fit for you. • Limited Amenities: Spaulding's lack of amenities and services might be a significant disadvantage for buyers who are used to urban conveniences. The need to travel for shopping, healthcare, and entertainment can be time-consuming and costly.

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

• Large Families seeking ample living space with 4 bedrooms and 4 bathrooms, particularly those who value a lower price per square foot ($99.67) compared to average homes in larger metropolitan areas. The property's size could accommodate multi-generational living or families who require dedicated spaces for children or home offices. • Buyers comfortable with rural living and a slower pace of life, who appreciate the quiet setting of Spaulding and are willing to travel for amenities and services. The property's location suggests a focus on privacy and a more nature-oriented lifestyle. • Homeowners looking for a property with a significant amount of interior space (3,350 sqft) at a relatively accessible price point ($333,900) in the current market. This could appeal to buyers who are prioritizing space over proximity to urban centers. • DIY Enthusiasts or those who enjoy home improvement projects. Given the lack of details on the property's condition and age, there may be opportunities to customize or upgrade the home to their preferences. However, this also comes with the risk of potential repair costs.

Not For

• Buyers seeking modern, move-in ready homes. Given the lack of information on the property's age and condition, it is likely to require updates or repairs. This property is not suitable for those who want a low-maintenance purchase. • Individuals or families requiring close proximity to urban amenities, such as restaurants, shopping centers, or public transportation. Spaulding is a rural village, and the property will require travel for most services. • Buyers who are risk-averse or have a limited budget for unexpected repairs. The lack of details about the property's condition introduces uncertainty, and potential issues with systems (e.g., plumbing, well, septic) could result in significant costs. • Investors seeking high appreciation or quick resale opportunities. Property values in rural areas might appreciate more slowly than in urban centers, and the resale process can be longer.
Demographics
Area Median Income

$65,617

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Risk Assessment

Risk Analysis

• Unknown Property Condition: The lack of information about the property's age, condition, and any past renovations presents a significant risk. Undisclosed issues could lead to unexpected repair costs and delays. • Well and Septic Concerns: If the property relies on a well and septic system, there are risks of contamination, system failure, and high maintenance expenses. Thorough inspections are essential to mitigate these risks. • Limited Resale Potential: Rural properties may not appreciate as quickly as those in urban areas. This could lead to a longer resale process and potentially lower returns for investors. The market in Spaulding is small and may not be as liquid as in larger cities. • Commuting Costs: The rural location may result in higher commuting costs for work, shopping, and other services. Consider the impact of transportation expenses on your overall budget. • Internet and Cell Service Limitations: Limited or unreliable internet and cell service can be a significant issue for some buyers, especially those who work from home or rely on these services for communication and entertainment.

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