Score
0Abilene, TX
1645 Iberis Rd
540K
4 beds
3 baths
2,995 sqft
4 bd • 3 ba • 2,995 sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$539,900
Price/Sq.Ft
$180
Year Built
1977
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Large Lot Size:** The 3.55-acre lot provides ample space, privacy, and potential for various outdoor activities or future expansion. This is a significant advantage compared to smaller lots in Abilene.
• **Recent Renovations:** The property has undergone recent renovations, including new flooring, paint, kitchen upgrades, and a new roof. This reduces the likelihood of immediate repairs and maintenance costs.
• **Desirable Features:** The home includes desirable features such as built-in features, a chandelier, decorative lighting, a double vanity, an eat-in kitchen, a pantry, paneling, cable TV, natural woodwork, and walk-in closets.
• **Good School District:** The property is located in the Wylie school district, which is generally considered to be a good school district in Abilene. Wylie J High School has a rating of 8/10.
• **Proximity to Amenities:** The property is conveniently located near Crossfit Abilene, Gebo's, FDLIC, and Gold Monarch Healing Center.
The Bad
• **Extended Time on Market:** At 156 days on market, the property has been listed for sale for a significantly longer period than the Abilene average, which typically ranges from 60-90 days. This could indicate issues with pricing, condition, or marketing.
• **High Fire Risk:** The 'EXTREME' fire risk score of 10/10 is a major concern. This will likely result in significantly higher insurance premiums and may deter some buyers. The estimated insurance cost is $1943.64/year.
• **Agent Relationship:** The listing states "Owner related to Agent," which could raise questions about transparency and potential conflicts of interest. Buyers should ensure they have independent representation.
• **Limited Information on Guest House:** The description mentions a "nearby guest house awaits your vision," but provides no details on its size, condition, or potential uses. This lack of information makes it difficult to assess the value and potential costs associated with the guest house.
• **Past Price Reductions:** The property has undergone multiple price reductions in recent months, suggesting an initial overpricing and potentially indicating that the seller is motivated to sell.
The Ugly
• **High Insurance Costs:** The 'EXTREME' fire risk translates directly into substantially higher insurance premiums. The estimated $1943.64/year is likely higher than average for Abilene and represents a significant ongoing expense. Buyers should obtain multiple insurance quotes to verify this cost.
• **Potential Foundation Issues:** Given the age of the home (built in 1977) and the clay soil common in Abilene, there is a risk of foundation issues. A thorough inspection by a qualified foundation specialist is essential to identify any existing problems or potential future concerns.
• **Unclear Guest House Costs:** The vague description of the guest house raises concerns about potential hidden costs. Depending on its condition, renovations could be extensive and expensive. Buyers should budget accordingly or consider foregoing the guest house altogether.
• **Septic System:** The property relies on a septic system. Septic systems require maintenance and can have issues that lead to costly repairs or replacement. Buyers should have the septic system inspected.
• **Heat Risk:** The 'MAJOR' heat risk could lead to high electricity bills in the summer.
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
• Buyers seeking a remodeled home on a large lot: The 3.55-acre property provides ample space and privacy, appealing to those desiring a retreat-like setting.
• Individuals valuing recent upgrades and modern amenities: The new roof, updated electrical, remodeled kitchen with quartz countertops, and new flooring offer a move-in-ready experience.
• Those interested in a property with potential for expansion or customization: The presence of a nearby guest house allows for future development based on the buyer's vision.
• Buyers who prioritize proximity to specific local amenities: The property's location near Crossfit Abilene, Gebo's, FDLIC, and Gold Monarch Healing Center may appeal to individuals who frequent these establishments.
• Individuals comfortable with a higher estimated insurance cost due to fire risk: The property is located in an extreme fire risk zone and carries an estimated insurance cost of $1943.64 per year.
Not For
• Buyers seeking a low-maintenance property: The 3.55-acre lot will require significant upkeep.
• Individuals on a tight budget: The combination of a higher price point, potentially higher property taxes, and increased insurance costs might strain affordability.
• Those sensitive to weather-related risks: The 'EXTREME' fire risk and 'MAJOR' heat risk could deter buyers concerned about safety and comfort.
• Buyers prioritizing a quick sale: The property's extended time on the market suggests it may take longer to sell compared to other properties.
• Those who prefer modern construction: Despite the renovations, the home's original construction in 1977 may not appeal to buyers seeking a more contemporary design.
Demographics
Area Median Income
$70,246
Property History
Price History
Ownership Timeline
$0Financed
Aug 15, 2023Doug WrennClayton Grothe, Lynn Grothe
Vendors Lien
Standard Sale (Purchase/Resales)
Property Taxes
$4,475
2024 Tax Assessment
54.0%from previous year
Assessed Value$263,353
Tax Rate1.70%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
High
7.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$790
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