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14614 Park Ave
Score
0
Charlevoix, MI

14614 Park Ave

235K
3 bd • 2 ba • 1,024 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$234,500

Price/Sq.Ft

$229

Year Built

AI Property Analysis

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

The Good

• Affordable price point: At $234,500, the property offers an accessible entry point into the Charlevoix housing market. • Manageable square footage: The 1,024 sqft size may appeal to buyers seeking a smaller, easier-to-maintain home. • Potential for customization: The lack of detailed information allows buyers to envision and implement their desired renovations and upgrades. • Established location: Being on Park Ave suggests a mature residential neighborhood with potential access to local amenities.

The Bad

• Lack of property features: The absence of listed features makes it difficult to assess the property's amenities and overall appeal. • Limited property description: The missing description hinders a buyer's ability to understand the property's layout, condition, and unique selling points. • Missing room details: The lack of room specifics makes it challenging to visualize the living spaces and their functionality. • Unknown utilities and systems: The absence of utility information makes it difficult to estimate monthly expenses and potential maintenance costs.

The Ugly

• Unknown property condition: The lack of information raises concerns about the property's overall condition, potentially requiring significant repairs or renovations. • Potential for hidden issues: Without detailed inspections, buyers may encounter unforeseen problems with the foundation, roof, or other critical systems. • Unclear ownership costs: The absence of utility information and potential maintenance needs makes it difficult to estimate the true cost of ownership. • Market uncertainty: The lack of market insights makes it challenging to determine if the property is priced appropriately for the current Charlevoix market. • Risk of outdated systems: The unknown build year suggests the potential for outdated electrical, plumbing, or HVAC systems, requiring costly upgrades.

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

• Buyers seeking an affordable home: The property's price of $234,500 may appeal to buyers looking for entry-level homes in Charlevoix. • Buyers comfortable with older homes: While the exact build year is unknown, the property may suit those willing to invest in potential renovations and upgrades. • Buyers seeking a smaller home: At 1,024 sqft, the property may be ideal for individuals or smaller families seeking a manageable living space. • Buyers interested in a well-established neighborhood: The location on Park Ave suggests a mature residential area.

Not For

• Buyers requiring modern amenities: The lack of listed property features may deter buyers seeking updated or move-in-ready homes. • Buyers needing detailed property information upfront: The limited property description and room details may frustrate those wanting comprehensive information before viewing. • Buyers with specific accessibility needs: The absence of listed property features makes it difficult to determine if the home is suitable for individuals with mobility issues. • Buyers with larger families or space requirements: The 1,024 sqft size may be insufficient for larger families or those needing ample living space.
Demographics
Area Median Income

$0

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 49720, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$365,000
$240/sqft
4.6%
Change from last month
Your price: $235K (-36%)
Your price/sqft: $229/sqft (-5%)
47
4 sold last month
20.5%
Change from last month
0 days
Average for homes in this area
0.0%
Change from last month

Sale Price Distribution

Last month
1
Over Asking
homes
2
At Asking
homes
1
Under Asking
homes
Total: 4 homes sold

If you're buying a home in 49720, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Sale Time Distribution

Last month
0
Under 30 Days
homes
Your property
0
30-90 Days
homes
0
Over 90 Days
homes
Total: 0 homes sold

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Risk Analysis

• Unknown build year: This poses risks related to potential code violations, outdated systems (plumbing, electrical), and the presence of hazardous materials like asbestos or lead paint. A thorough inspection is crucial. • Lack of property details: The missing description, room details, and utility information make it difficult to assess the property's true condition and value. Further investigation is essential. • Potential for hidden costs: Without knowing the condition of utilities and systems, buyers may face unexpected repair or replacement expenses. • Market volatility: The absence of market insights makes it challenging to gauge current market conditions and potential price fluctuations in Charlevoix. • Insurance costs: Without property details, it's difficult to estimate insurance costs accurately. Factors like the home's age, condition, and location can significantly impact premiums.

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Financials

Monthly Costs
Market Rent (3 bed)

$0

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$234,500
Price/sqft
$229
Layout
3 bd•2 ba

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$72,500

223.4%

Your price is 223.4% above average

Median Price

$105,000

123.3%

Based on 2 recent sales

Price per Sq.Ft

$97

136.1%

Your price is 136.1% above average $/sqft

Comparable Properties

6685 M66 #130, Charlevoix, MI 49720
Price: $105,000
Sq.Ft: 1,078
Beds/Baths: 3/2
$/Sq.Ft:
$9757.5%
Sale Date: 9/6/2024
TBD Spring St. N, Charlevoix, MI 49715-2
Price: $40,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/10/2024

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