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178 Island Rd
Dunnsville, VA

178 Island Rd

$454,100
3 bd • 2 ba • 1,299 sf

This analysis was generated by artificial intelligence on 2/2/2025. 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

$454,100

Price/Sq.Ft

$350

Year Built

AI Property Analysis

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

The Good

• Waterfront Proximity: The property's location on Island Road suggests proximity to the Rappahannock River. Waterfront properties often hold a premium value and can be highly desirable. The image shows that this property is near a lot of waterfront homes. • Three Bedrooms and Two Bathrooms: The presence of three bedrooms and two bathrooms is suitable for many families and may be appealing to a wide range of buyers. This is a standard size for most families. • Adequate Square Footage: At 1,299 square feet, the house offers a reasonable living space, which can accommodate a family or individuals looking for more room than a typical apartment. This is a common size for a family home. • Slower Pace of Life: Dunnsville offers a quieter, more relaxed lifestyle compared to urban areas. This can be a major draw for those seeking a break from the city. • Opportunity for Rural Living: For buyers seeking a rural environment with more space and privacy, this property offers an opportunity to live outside of a more populated area. The image shows a lot of trees and open land, which is great for a buyer looking for a rural life.

The Bad

• Lack of Property Details: The absence of a property description, room details, and utility information makes it challenging to assess the property's condition and suitability. This lack of transparency makes it difficult to compare to other properties. • Unknown Build Year: Not knowing when the house was built makes it hard to determine the remaining lifespan of systems like the roof, plumbing, and electrical. This is a major concern for potential buyers because of the potential costs associated with repairs and upgrades. • High Price per Square Foot: At $349.58 per square foot, the property may be overpriced compared to other homes in Dunnsville, especially given the lack of detailed information on property features and condition. Without additional information, it is hard to determine the value of the property. • Rural Location Challenges: The rural nature of Dunnsville means potential limitations on internet and cell service, longer commutes to amenities, and the need to manage septic and well systems. These challenges are not for everyone. • Potential for High Maintenance Costs: Rural properties often require more upkeep and maintenance for things like septic systems, wells, and pest control. These costs can add up over time.

The Ugly

• High Price with Limited Information: The asking price of $454,100 seems high given the lack of information about the property's features, condition, and age. This is a major concern because it is hard to determine the home's value. • Potential for Major Repairs: Without knowing the property's age and condition, buyers risk facing significant repair costs for the septic system, well, roof, HVAC, and other essential systems. These costs can be in the tens of thousands of dollars. • Flood Risk Impact on Insurance: If the property is in a flood zone, flood insurance premiums can be substantial, adding to the monthly cost of homeownership. These costs can be $1,000-$3,000+ per year. • Unknown Utility Costs: Without detailed utility information, it's impossible to estimate monthly costs. Rural homes often have higher expenses for things like septic pumping and water treatment. These costs can be difficult to estimate. • Potential for Hidden Issues: Older homes in rural areas can have hidden issues related to foundation, pests, and outdated systems that may not be apparent without a thorough inspection. These problems can be expensive to fix and may not be caught until after purchase.

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 Waterfront Living: The property's location on Island Road suggests proximity to the Rappahannock River, which appeals to individuals seeking waterfront views and access for recreational activities. The image shows a significant amount of water front homes, so this property would fit in with other waterfront homes. • Buyers Familiar with Rural Systems: Individuals comfortable with well water and septic systems, which are common in Dunnsville, will find this property suitable. The lack of public utilities is typical for the area, which requires a specific buyer profile. • Buyers Seeking a Slower Pace of Life: The rural setting of Dunnsville offers a tranquil environment, making this property appealing to those who prefer a quieter lifestyle away from urban areas. The image shows that this property is in a quiet area with trees surrounding it. • Buyers Willing to Commute for Amenities: Given the distance to amenities in Dunnsville, this property is best suited for buyers who are prepared to drive for groceries, shopping, healthcare, and other necessities. The image shows that this property is not near any commercial areas, so a commute would be required. • Buyers with a Detailed Inspection Plan: Given the age of the property and the potential for issues related to septic, well, and older homes, this home is best suited for buyers who plan to have a thorough inspection by a qualified professional.

Not For

• Buyers Prioritizing Urban Amenities: The rural location of Dunnsville means this property is not suitable for those who desire immediate access to a wide range of shopping, dining, entertainment, and public transportation options. The image shows that this property is in a very rural area. • Buyers Requiring High-Speed Internet: If consistent and reliable high-speed internet is crucial for work or personal needs, this property may not be ideal due to limited provider options and potential reliability issues in the rural area. • Buyers Unfamiliar with Rural Systems: Individuals not comfortable with managing well water and septic systems might find the maintenance and potential costs associated with these systems to be a significant drawback. • Buyers Seeking Walkable Neighborhoods: The property's location requires driving for most amenities and services, making it unsuitable for buyers who prefer walkable neighborhoods. This can be seen in the image, as there are not sidewalks or other walking areas. • Buyers on a Strict Budget: Given the potential for additional expenses related to well water treatment, septic system maintenance, and flood insurance, this property may not be a good fit for buyers with a limited budget.
Demographics
Area Median Income

$0

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Risk Assessment

Risk Analysis

• Unknown Property Age: The lack of information on the property's build year is a significant concern, as it makes it difficult to assess the structural integrity, potential for needed repairs, and expected lifespan of systems. • Septic System Issues: Septic systems can fail, and replacement costs can range from $5,000 to $15,000 or more, depending on system size and local regulations. The age and condition of the current system is unknown, adding to the uncertainty. • Well Water Quality: Well water can have contaminants or minerals that require expensive treatment systems. Testing for these issues is essential, but the costs can add up over time. • Potential Flood Risk: The property’s proximity to the Rappahannock River may increase flood risk. Checking local flood maps will help you assess the risk. Flood insurance may be required and can add $1,000 to $3,000+ per year. • Limited Information: The lack of detailed information about the property's features, utilities, and room details makes it difficult to make a full assessment of the property's condition and value. This lack of transparency adds to the risk for buyers.

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