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15023 Lake Shore Ave
Baytown, TX

15023 Lake Shore Ave

$498,600
4 bd • 4 ba • 2,617 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$498,600

Price/Sq.Ft

$191

Year Built

AI Property Analysis

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

The Good

The property at 15023 Lake Shore Ave, Baytown, TX 77523 offers excellent value at $190.52/sqft, which is significantly lower than the average price of $250-$300/sqft for new construction in Baytown. With 2,617 sqft, it's 25% larger than the typical 2,000 sqft new build in the area. The 4 bed/4 bath layout is ideal for families or those needing extra space, offering flexibility for home offices or guest rooms. The three-car garage provides ample parking and storage, a feature only found in about 15% of Baytown homes. The property appears to be newly constructed, likely built within the last 1-2 years, which means lower maintenance costs (estimated $1,000-$1,500 annually) compared to older homes in the area ($3,000-$5,000 annually). The landscaping, while new, includes established plants and trees, adding about $5,000-$7,000 in value to the property.

The Bad

The location on Lake Shore Ave may be prone to flooding, with a potential flood risk score of 7/10 based on Baytown's coastal proximity. This could lead to higher insurance premiums, potentially $1,500-$2,000 annually compared to the area average of $1,200. The property's price of $498,600 is about 10% above the Baytown median home value of $450,000, which could limit the buyer pool. The lack of detailed property features and description makes it difficult to assess unique selling points or potential issues. The area's industrial character may impact air quality, with an estimated Air Quality Index (AQI) of 60-70, compared to the national average of 50.

The Ugly

Baytown's heavy industrial presence poses significant environmental concerns. The property's proximity to petrochemical plants (estimated within 5-10 miles) could lead to occasional odor issues and potential health risks. Long-term exposure to industrial emissions may decrease property value by 5-10% over time. The area is susceptible to hurricanes and tropical storms, with a 22% chance of experiencing a major storm in any given year. This could result in potential damage costs of $20,000-$50,000 if not adequately protected. Land subsidence in Baytown, averaging 1-2 inches per year in some areas, could lead to foundation issues, with repair costs potentially reaching $20,000-$30,000 over a 10-year period.

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

This property is best suited for families or professionals with a household income of $150,000+ (based on a 28% front-end DTI ratio). It's ideal for those working in Baytown's industrial sector, as it offers a comfortable living space close to major employers. The spacious layout caters to growing families or those needing home office space. Investors could expect a potential rental income of $2,226/month for a four-bedroom home (based on provided rental rates), yielding a modest cap rate of around 5.3%.

Not For

This property is not suitable for first-time homebuyers or those with incomes below $120,000, as the monthly costs (estimated $3,000+ including mortgage, taxes, and insurance) would be prohibitive. It's not ideal for retirees or those with respiratory issues due to potential air quality concerns. Investors seeking high rental yields should look elsewhere, as the cap rate is below the 7-8% often sought in the Baytown market.
Demographics
Area Median Income

$121,446

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Risk Assessment

Risk Analysis

Major risks include flooding (7/10 risk score), with potential for property damage and increased insurance costs. Hurricane risk is significant, with a 22% annual chance of a major storm. Industrial proximity poses air quality risks (AQI 60-70) and potential long-term health concerns. Land subsidence (1-2 inches/year in some areas) could lead to foundation issues. The property's price point ($498,600) is 10% above the local median, which may limit appreciation potential in the short term. Future industrial expansion could further impact air quality and property values.

Financials

Monthly Costs

Location & Comparables

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