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17521 127th Street SE
Score
0
Snohomish, WA

17521 127th Street SE

669K
4 bd • 2 ba • 1,545 sf

This analysis was generated on 1/23/2025. 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

$669,000

Price/Sq.Ft

$433

Year Built

2013

AI Property Analysis

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

The Good

This 1,545 sq ft home, built in 2013, sits on a generous 0.5-acre lot, offering 67% more land than the typical 0.3-acre lot in Snohomish. At $433.01/sqft, it's priced 8.7% below the area average of $474/sqft. The property boasts a minimal flood risk score of 1/10, significantly better than the regional average of 3/10. Recent upgrades include brand-new carpeting throughout, enhancing the home's appeal and reducing immediate maintenance costs. The open floor plan and main-floor owner's suite cater to modern living preferences, potentially broadening the buyer pool. The location near the Evergreen State Fairgrounds adds value, with proximity to local amenities balancing rural charm with convenience. The home's 4-bedroom layout offers flexibility for various living arrangements, including potential rental scenarios with an estimated monthly rate of $3,446 for similar 4-bedroom properties in the area.

The Bad

The property has been on the market for 127 days, 58% longer than the Snohomish average of 80 days, suggesting potential pricing or condition issues. Two price reductions totaling 4.2% indicate possible overpricing initially. The home's size at 1,545 sqft is 11% smaller than the local average of 1,740 sqft for 4-bedroom homes. While the kitchen is described as spacious, it lacks an eating space, which may deter some buyers. The estimated annual insurance cost of $2,408.40 is 15% higher than the state average of $2,091, potentially due to the moderate fire risk (3/10) and major air quality risk (6/10). The Centennial Middle School's low rating of 3/10 may concern families with school-age children.

The Ugly

The property's appreciation rate is concerning. Purchased for $95,280 in 2012 and now listed at $669,000, it shows a 602% increase over 12 years, far exceeding typical market growth. This suggests potential overvaluation or unique circumstances requiring thorough investigation. The major air quality risk (6/10) with 9 bad air days per year could lead to health concerns and increased HVAC maintenance costs. The moderate fire risk (3/10) may result in higher insurance premiums and necessitate additional fire prevention measures. The home's heating system, utilizing a ductless heat pump and wall furnace, may not be as efficient or comfortable as central HVAC systems, potentially leading to higher energy costs and uneven heating/cooling.

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 $150,000+ based on the median income of $113,108 and the home's price point. It's ideal for small families or couples seeking a balance of space and privacy, especially those who value outdoor living with the large 0.5-acre lot. Remote workers will appreciate the flexibility of extra bedrooms for home offices. The property could also attract investors looking for long-term appreciation in a growing area, with potential for rental income given the strong local rental market for 4-bedroom homes ($3,446/month).

Not For

This property is not suitable for large families needing more than 1,545 sqft of living space. Buyers sensitive to air quality issues should be cautious due to the major air quality risk (6/10). It's not ideal for those seeking a turnkey investment property, given the extended time on market and recent price reductions. Families prioritizing top-rated schools may be deterred by the low-rated (3/10) Centennial Middle School. Buyers looking for energy-efficient homes with modern central HVAC systems may find the ductless heat pump and wall furnace combination less appealing.
Demographics
Area Median Income

$113,108

Property History

Price History
Ownership Timeline
$95,280Financed
Jul 19, 2012
Housing HopeWendy A Whipple
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$5,925
2023 Tax Assessment
5.2%from previous year
Assessed Value$581,500
Tax Rate1.02%

Sunlight Analysis

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

Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

6.5/10
Good

Middle

5.0/10
Average

High

5.5/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,829

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HOA Fee

$20

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$669,000
Price/sqft
$433
Layout
4 bd2 ba
Days on market
127 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$431,167

55.2%

Your price is 55.2% above average

Median Price

$515,000

29.9%

Based on 6 recent sales

Price per Sq.Ft

$295

46.8%

Your price is 46.8% above average $/sqft

Comparable Properties

17930 Trombley Road, Snohomish, WA 98290
Price: $515,000
Sq.Ft: 1,516
Beds/Baths: 3/2
$/Sq.Ft:
$34021.5%
Sale Date: 9/21/2024
12811 Robinhood Lane, Snohomish, WA 98290
Price: $605,000
Sq.Ft: 1,563
Beds/Baths: 4/2
$/Sq.Ft:
$38710.6%
Sale Date: 8/15/2024
11627 171st Avenue SE, Snohomish, WA 98280
Price: $229,500
Sq.Ft: 1,420
Beds/Baths: 4/2
$/Sq.Ft:
$16262.7%
Sale Date: 9/6/2024
12633 Robinhood Lane, Snohomish, WA 98290
Price: $322,500
Sq.Ft: 1,408
Beds/Baths: 3/2
$/Sq.Ft:
$22947.1%
Sale Date: 9/6/2024
12610 Robinhood Lane, Snohomish, WA 98290
Price: $315,000
Sq.Ft: 1,700
Beds/Baths: 3/2
$/Sq.Ft:
$18557.2%
Sale Date: 9/6/2024
18510 SE 130th Place, Snohomish, WA 98290
Price: $600,000
Sq.Ft: 1,283
Beds/Baths: 3/2
$/Sq.Ft:
$4688.0%
Sale Date: 8/1/2024

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