17836 Jefferson Ridge Dr

315K

3 beds

3 baths

1,778 sqft

3 bd • 3 ba • 1,778 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.

List Price

$315,000

Price/Sq.Ft

$177

Year Built

1999

AI Property Analysis

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

The Good

This Acadian-style home in Jefferson Park offers excellent value at $177.17/sqft, which is approximately 20% below the Baton Rouge average of $221/sqft for similar homes. The property boasts recent updates including refinished wood floors, new carpet, fresh paint, and kitchen upgrades, estimated at $20,000-$25,000 in value. The new roof installed in 2021 (approximately $10,000 value) significantly reduces near-term maintenance costs. With 1,778 sqft, it's spacious compared to the median home size in Baton Rouge (1,630 sqft). The property's minimal flood risk (1/10) is exceptional for the area, potentially saving thousands in insurance costs annually. The Jefferson Park community amenities, including a pool and park, add an estimated $10,000-$15,000 in value. The home's energy-efficient features like ceiling fans and a new HVAC system could result in 10-15% lower utility costs compared to similar, older homes.

The Bad

The property's location in relation to highly-rated schools is a concern, with the nearest high school rated only 3/10. This could impact long-term appreciation, potentially reducing it by 5-10% compared to homes in top-rated school districts. The home's age (built in 1999) suggests that some systems and appliances may need replacement in the next 5-10 years, estimated at $15,000-$20,000. The extreme wind risk (9/10) could lead to insurance premiums 20-30% higher than average for the area. The air quality risk (3/10) and severe heat risk (8/10) may necessitate additional cooling costs and potential health considerations.

The Ugly

The extreme wind risk (9/10) is a significant concern, potentially leading to insurance costs 30-40% higher than average and increased risk of storm damage. This could necessitate additional fortifications, estimated at $5,000-$10,000. The severe heat risk (8/10) may require HVAC upgrades or increased energy costs, potentially adding $500-$1,000 annually to operating expenses. The property's price history shows volatility, with a 14.5% increase in just three years, which could indicate an inflated market or potential for a market correction. The HOA fees, while not specified, could increase over time, potentially adding hundreds to monthly costs. The brick floors in the kitchen, while unique, may be a polarizing feature that could limit the pool of potential buyers in the future.

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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 ideal for first-time homebuyers or young families with a household income around $80,000-$100,000, based on the median income of $97,015 in the area and a 28% front-end DTI ratio. It's perfect for those prioritizing space and recent updates over school district quality. The minimal flood risk and community amenities make it attractive for long-term residents looking for a stable, family-friendly neighborhood. Investors could expect a potential cap rate of 5-6%, based on estimated rental rates of $1,560 for three-bedroom homes in the area, making it a solid option for rental property investment.

Not For

This property is not suitable for luxury buyers seeking high-end finishes or larger homes, as it's priced below the luxury threshold for Baton Rouge. Families prioritizing top-rated schools should look elsewhere due to the low ratings of nearby schools. It's not ideal for those with severe heat sensitivities or respiratory issues due to the high heat risk (8/10) and moderate air quality risk (3/10). Buyers seeking a turnkey investment with minimal ongoing costs may find the potential for near-future system replacements and high wind risk unappealing.

Demographics

Area Median Income

$97,015

Property History

Price History

Ownership Timeline

$295,000Financed

May 19, 2022

William Andrew Irby, Sarah Galloway IrbyNathan John Arant, Natalie Sutton Arant

Deed