149 Hempstead Avenue

• Gourmet Kitchen: The renovated kitchen with high-end appliances, custom cabinetry, and a large island significantly increases the property's appeal and value, potentially adding $50,000 - $75,000. • Outdoor Kitchen: The built-in outdoor kitchen with stone surround, stainless steel grill, and countertop space enhances the outdoor living experience and adds approximately $20,000 - $30,000 in value. • Hardwood Flooring: The presence of hardwood flooring throughout the main living areas and bedrooms adds warmth and elegance, contributing an estimated $15,000 - $25,000 to the property value. • Renovated Bathrooms: The updated bathrooms with modern fixtures, stylish tile work, and glass-enclosed showers increase the property's desirability and value, adding approximately $10,000 - $15,000 per bathroom. • Brick Exterior • Outdoor Kitchen • Hardwood Floors • Updated Kitchen • Updated Bathrooms • Price Position: The price per square foot of $527.78 is significantly higher than the median price per square foot of $447 in the area, potentially deterring buyers. • Appreciation Trend: While the area has seen an 8.7% year-over-year increase in median sold price, this property's history shows price fluctuations and a recent 15.6% reduction from its initial listing, suggesting an initial overpricing. • Potential Equity: Property could be worth up to $50,000 more than the asking price • Rental Income: $5,000/month with 90% occupancy (0.0% cap rate) • Schools: The presence of a high-performing high school (South Side High School) adds an estimated 5-7% premium to property values in this area. • Future Development: No specific large-scale developments are currently planned in the immediate vicinity that would drastically alter the neighborhood character. • The property appears to have good natural light, especially in the kitchen and living areas, based on the window placement and overall brightness in the photos. The large windows and doors leading to the outdoor spaces also contribute to a bright and airy feel. • The layout appears functional with good flow between the kitchen, dining, and living areas. The outdoor patio and kitchen area provide an excellent space for entertaining. The separation of the garage from the main house adds to the privacy and aesthetic appeal of the backyard.