Score
0Mechanicsburg, PA
1505 High Meadows Ln
1.8M
6 beds
12 baths
24,451 sqft
6 bd • 12 ba • 24,451 sf
This analysis was generated on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,790,000
Price/Sq.Ft
$73
Year Built
1976
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 24,451 sqft estate at 1505 High Meadows Ln, Mechanicsburg, PA offers exceptional value at $73.21/sqft, significantly below the area average of $150-$200/sqft for luxury homes. The property boasts unique features including an 1,800 sqft grand ballroom and a 900 sqft indoor spa, amenities rarely found in residential properties. With 6 bedrooms and 12 bathrooms, it's 300% larger than the average luxury home in Mechanicsburg (8,000 sqft). The 2+ acre lot with mountain and creekside views adds substantial value, estimated at $200,000-$300,000. Climate risk is minimal, with a flood risk score of 1/10, far better than the area average of 3/10. The property's size and amenities make it ideal for events, potentially generating $50,000-$100,000 annually in event hosting revenue.
The Bad
The property's age (built in 1976) suggests potential for major system upgrades. The HVAC system (heat pump and central A/C) may need replacement soon, estimated at $30,000-$40,000 for a home this size. Annual property taxes are likely high, estimated at $25,000-$35,000 based on similar properties. The $6,444/year insurance cost is 60% higher than average for the area. The price history shows a 18.2% decrease since 2009, indicating potential market challenges for ultra-luxury homes in Mechanicsburg.
The Ugly
Total monthly ownership costs are exceptionally high, estimated at $15,000-$20,000 ($10,000 mortgage + $2,500 taxes + $537 insurance + $2,000-$5,000 utilities and maintenance). The property's unique size and features limit the buyer pool significantly, potentially leading to extended time on market (currently 12 days, but luxury homes in the area average 180-240 days). The heat risk score of 5/10 is concerning, with 7 hot days/year over 101°F, which could lead to increased cooling costs and potential discomfort. The property's size and amenities could result in annual maintenance costs of $50,000-$100,000, far exceeding typical homeownership expenses.
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 ideal for high-net-worth individuals with annual incomes exceeding $1,000,000, based on the estimated monthly costs. It's perfect for those seeking a unique entertainment venue or family compound. The grand ballroom and spa make it suitable for event planners or those frequently hosting large gatherings. With its size and amenities, it could appeal to boutique hotel operators looking for a unique property for conversion. Investors interested in the luxury vacation rental market could capitalize on its unique features, potentially commanding $5,000-$10,000 per night.
Not For
Not suitable for typical families or individuals, given its size and cost. The $1,790,000 price point and high monthly costs exclude 99% of Mechanicsburg buyers, where the median income is $81,525. Not ideal for those seeking a low-maintenance lifestyle, given the extensive upkeep required. The property's size and specialization make it impractical for most residential uses and challenging for resale. Not recommended for investors seeking immediate or consistent returns, given the niche market and potential for extended vacancy periods.
Demographics
Area Median Income
$81,525
Property History
Price History
Ownership Timeline
$600,000Cash Purchase
May 30, 2012Donald C Krafsig ExrGusseppi A Forgionne
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
6.0/10
GoodHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$970
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