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1524 Lovingston Way
Score
0
Sunbury, OH

1524 Lovingston Way

1.2M
6 bd • 5 ba • 4,872 sf

This analysis was generated on 3/2/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$1,199,900

Price/Sq.Ft

$246

Year Built

2015

AI Property Analysis

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

The Good

• Large Front Porch: Adds curb appeal and outdoor living space, estimated value $10,000. • Modern Staircase with Cable Railing: Adds a contemporary touch and visual appeal, estimated value $5,000. • Built-in Mudroom Storage: Provides practical storage and organization, estimated value $3,000. • Stone and siding exterior • Two-story living room • Modern kitchen with stainless steel appliances • Cable railing staircase • Built-in mudroom storage • Price Position: At $246.28/sqft, the property is priced significantly higher than the median price per square foot in the 43074 zip code ($207.00). A comparative market analysis (CMA) of similar properties in the Northstar community is needed to determine if the price is justified. • Appreciation Trend: The market has seen a 1.8% year-over-year increase in median sold price. However, this figure is for all homes in the 43074 zip code and may not accurately reflect appreciation in the Northstar golf community or for homes in this price range. • Investment Opportunity: After $5,000 in renovations, potential $35,100 equity gain (702.0% ROI) • Rental Income: $4,775/month with 99% occupancy (3.5% cap rate) • Schools: Homes in areas with schools rated 6/10 and 7/10 may experience a slightly lower premium compared to areas with top-rated schools (9/10 or 10/10). However, the Northstar community's amenities and overall desirability contribute to property values. • Future Development: The Northstar golf community is largely built out. Future development is likely to be infill or redevelopment projects. No specific large-scale developments are currently planned near 1524 Lovingston Way. • The house has good natural light, especially in the living room with its large windows. The front porch may slightly reduce light in the front rooms, but overall, the light is adequate.
Large Front Porch

Large Front Porch

Adds curb appeal and outdoor living space, estimated value $10,000.

Modern Staircase with Cable Railing

Modern Staircase with Cable Railing

Adds a contemporary touch and visual appeal, estimated value $5,000.

Built-in Mudroom Storage

Built-in Mudroom Storage

Provides practical storage and organization, estimated value $3,000.

The Bad

• Driveway Resurfacing (LOW priority): $3,000 • Landscaping Refresh (LOW priority): $2,000 • The median sold price in the area ($490,000) is significantly lower than the listing price of $1,199,900, potentially indicating overpricing. • Slowing sales volume (-37.5% MoM) suggests decreased buyer demand, potentially leading to longer time on market. • Minimal flood and fire risk, but moderate heat risk could impact long-term maintenance costs and buyer preferences.

The Ugly

No critical issues identified
Landscaping

Landscaping

Some minor landscaping issues, such as patchy grass and overgrown bushes, need attention.

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

Rental Property Investors: Potential annual revenue of $57,300 with 99% occupancy rate Value Investors: Projected 12.5% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $5,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$98,071

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 19, 2016
Cargen Holdings LlcLucas E Eastwood
Warranty Deed
Non-Arm's Length Transactions
$0Cash Purchase
Feb 23, 2015
Northstar Residential Development LlcCoppertree Homes Llc
Limited Warranty Deed
Non-Arm's Length Transactions

Property Taxes

$14,548
2023 Tax Assessment
10.3%from previous year
Assessed Value$301,070
Tax Rate4.83%

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

6.0/10
Good

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (6 bed)

$1,020

Get a detailed estimate on Zillow
HOA Fee

$25

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Location & Comparables

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Comparable Sales
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