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168 Meadow Dr
Rochester, NY

168 Meadow Dr

$387,500
3 bd • 3 ba • 1,842 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

$387,500

Price/Sq.Ft

$210

Year Built

AI Property Analysis

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

The Good

The property at 168 Meadow Dr, Rochester, NY 14618 offers several attractive features. At $210.37/sqft, it's priced approximately 15% below the average of $247.50/sqft for similar homes in the area, representing good value. The 1,842 sqft layout is spacious, about 10% larger than the typical 3-bedroom home in Rochester (1,675 sqft). The property boasts a desirable 3 bedroom, 3 bathroom configuration, offering flexibility for various living arrangements. The attached two-car garage adds significant value, addressing winter parking needs and providing extra storage. The Tudor-style architecture with its distinctive steep roof and decorative half-timbering adds charm and character, potentially enhancing resale value. The property appears well-maintained with a recently updated exterior paint job and landscaping, reducing immediate maintenance costs for new owners.

The Bad

While the property has many positives, there are some potential drawbacks. The exact year built is unknown, which could indicate an older home with hidden issues or outdated systems. Older homes in Rochester often require updates to insulation, windows, and HVAC systems to combat harsh winters, potentially costing $15,000-$30,000. The lack of detailed information about utilities and systems is concerning, as it's crucial in Rochester's climate. The property's price of $387,500 is slightly above the median home value in Rochester ($184,000 as of 2021), which could limit the buyer pool. Additionally, the location on Meadow Dr might experience increased traffic noise compared to more secluded streets in the area.

The Ugly

The most significant concern is the lack of information about the home's age and systems. If the house was built before 1978, there's a high risk of lead paint, with remediation costs potentially reaching $10,000-$30,000. Asbestos is another possibility in older homes, with removal costs ranging from $5,000-$20,000. The freeze-thaw cycle in Rochester can be particularly damaging to foundations; if there are existing issues, repairs could cost $5,000-$15,000 or more. Without knowing the age and condition of major systems like the roof, HVAC, and plumbing, buyers could face unexpected repairs within the first few years of ownership, potentially totaling $20,000-$50,000. The property's location in the 14618 zip code suggests it's in Brighton, which has some of the highest property taxes in the area. Annual property taxes could exceed $10,000, significantly impacting the total cost of ownership.

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 buyers with a household income of at least $130,000, based on the purchase price and potential property taxes. It's ideal for families or professionals who need extra space and value a character-filled home. The multiple bathrooms and bedrooms make it suitable for those who frequently host guests or have older children. Investors might also find this property attractive, as the rental rate for a three-bedroom home in Rochester ($1,780/month as of 2023) could yield a decent return, especially if the property appreciates in value. The charming Tudor style and well-maintained appearance make it a good fit for buyers who appreciate architectural character and are willing to invest in maintaining a unique home.

Not For

This property is not suitable for first-time homebuyers or those on a tight budget due to the above-median price point and potential for high maintenance costs. It's also not ideal for buyers looking for a modern, move-in ready home with all the latest amenities, as older homes often require updates and may lack some contemporary features. Individuals with mobility issues might find the multi-level Tudor style challenging. Those seeking a low-maintenance lifestyle or planning to be absent homeowners should be cautious, as older homes in Rochester's climate often require consistent upkeep and monitoring, especially during harsh winters.
Demographics
Area Median Income

$108,665

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Risk Assessment

Risk Analysis

The primary risks include potential hidden issues due to the unknown age of the home. Rochester's harsh winters can be particularly hard on older houses, potentially leading to ice dams, roof damage, and plumbing issues. The freeze-thaw cycle poses a constant threat to the foundation and exterior masonry. There's also a risk of outdated electrical systems in older homes, which could require a costly upgrade to meet modern safety standards (potentially $8,000-$15,000). The property's location in a desirable area (14618 zip code) suggests high property taxes, which could increase over time, impacting long-term affordability. Market analysis shows that while Rochester's real estate market has been strong, there's potential for a slowdown due to rising interest rates and economic uncertainty, which could affect future appreciation.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$400,917

3.5% above list price

Median Price

$453,500

Based on 6 recent sales

Price per Sq.Ft

$201

Comparable Properties

1575 Clover Street, Brighton, NY 14610
Price: $460,000
Sq.Ft: 2,105
Beds/Baths: 3/3
$/Sq.Ft:
$2193.9%
Sale Date: 11/14/2024
225 Hollywood Avenue, Brighton, NY 14618
Price: $475,000
Sq.Ft: 2,140
Beds/Baths: 4/3
$/Sq.Ft:
$2225.5%
Sale Date: 9/25/2024
50 Oakdale Drive, Brighton, NY 14618
Price: $420,000
Sq.Ft: 2,005
Beds/Baths: 4/3
$/Sq.Ft:
$2090.4%
Sale Date: 8/13/2024
836 Hillside Avenue, Brighton, NY 14618
Price: $267,000
Sq.Ft: 1,858
Beds/Baths: 3/2
$/Sq.Ft:
$14431.7%
Sale Date: 10/9/2024
120 Monroe Parkway, Brighton, NY 14618
Price: $453,500
Sq.Ft: 1,875
Beds/Baths: 4/2
$/Sq.Ft:
$24215.0%
Sale Date: 10/2/2024
5 Saint Regis Drive S, Brighton, NY 14618
Price: $330,000
Sq.Ft: 1,931
Beds/Baths: 4/4
$/Sq.Ft:
$17118.8%
Sale Date: 10/2/2024

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