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1551 Fairmont Dr
Score
71
Prosper, TX

1551 Fairmont Dr

1.1M
4 bd • 4 ba • 2,894 sf

This analysis was generated on 3/31/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$1,050,900
+24%vs 75078
Price/Sq.Ft
$363
+44%vs 75078
Above Fair Value
0.1% above range

Current Price

$1,050,900

Fair Range

$1,020,000 - $1,050,000

$1,050,900
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$1,020,000
Success Probability:High(75%)

AI Rationale

Considering the buyer's market, higher price per sqft, and the property's new condition, an offer of $1,020,000 is competitive yet strategic. The seller, likely a developer, may be motivated to move inventory, especially with the market's current supply dynamics.

Overall Score
71
95
Home Condition
85
Natural Light
47
Value
78
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Ownership History

Previous ownership changes and transaction details

Nov
2023
$0Cash Purchase
November 16, 2023
From:Lee Anderson, Debra Anderson
To:Lee Anderson, Debra Anderson
Intrafamily Transfer
Non-Arm's Length Transactions

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$1,050,900
-30%List: $1,050,900+30%
20%
$210,180of $1,050,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year, HOA: $138/month

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$279,915
Closing Costs
+$69,735
Down Payment
$210,180
Buyer Agent Fee
$26,798
Loan Fees
$8,407
Title & Escrow
$6,306
Inspections
$900
Transfer Tax
$11,560
Prepaid Expenses
$15,764

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 69 day average
This is a new listing, while homes in this area typically sell in 69 days
Inventory Health
323
homes for sale
60 homes sold last month, indicating 5.4x more supply than demand
Price Dynamics
96.2%
of asking price
Homes typically sell for 3.8% below asking price

Price Trajectory

$830,000
Current median price
+6.1%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is stable
Prices are up 0.7% over the last 3 months
3 Months
+0.7%
6 Months
-2.3%
1 Year
+6.1%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 51.9% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$830,000
3 Months Ago
$470,000
+76.6%

Schools

Nearby school quality by education level

Elementary

7.0/10
Good

Middle

8.0/10
Excellent

High

9.0/10
Excellent

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 1 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect all windows and doors, especially the telescoping sliding glass door, for smooth operation, proper sealing, and any signs of air leaks or drafts.

Test all KitchenAid appliances, including the double oven, gas cooktop, dishwasher, microwave, and disposal, to ensure they are functioning correctly and without any unusual noises or issues.

Inspect the 'spa-like' primary bathroom, paying close attention to the floor-to-ceiling tiled shower, rainfall shower head, traditional shower head, built-in seating, and free-standing tub for leaks, proper drainage, and grout condition.

Questions to Ask

Important questions to ask during the tour

What specific fire mitigation measures were implemented during construction, considering the major fire risk in the area?

Can you provide documentation of the tankless water heater's installation and maintenance history, including its energy efficiency rating and expected lifespan?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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