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17521 127th Street SE
Snohomish, WA

17521 127th Street SE

$669,000
4 bd • 2 ba • 1,545 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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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

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Risk Assessment

Climate Risks

airMAJOR

9 bad air quality days per year

fireMODERATE

Insurance: Recommended

heatMINOR

7 extreme heat days per year

98th percentile: 88°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The significant price increase since 2012 (602%) raises concerns about potential overvaluation and future appreciation potential. The major air quality risk (6/10) could lead to health issues and increased maintenance costs for HVAC systems. The moderate fire risk (3/10) may result in higher insurance premiums and necessitate additional fire prevention measures. The heating system (ductless heat pump and wall furnace) may lead to higher energy costs and potential comfort issues. The extended time on market (127 days) and price reductions suggest possible challenges in resale. The low-rated Centennial Middle School (3/10) could impact long-term property value and desirability for families with school-age children.
Insurance
Annual Cost

$2,408

$201 per month

Financials

Monthly Costs
Market Rent (4 bed)

$3,446

Get a detailed rental estimate on Zillow®
HOA Fee

$20

Price History

Property Taxes

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

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$431,167

-35.6% below list price

Median Price

$515,000

Based on 6 recent sales

Price per Sq.Ft

$295

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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