Score
0College Park, GA
1972 Cambridge Ave
550K
5 beds
4 baths
3,360 sqft
5 bd • 4 ba • 3,360 sf
This analysis was generated on 1/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$550,000
Price/Sq.Ft
$164
Year Built
2019
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The property is a relatively new construction (built in 2019), which means that it likely features modern building codes, updated systems, and contemporary design elements. This can translate to lower maintenance costs and fewer immediate repairs than older properties.
• The home is spacious, with 5 bedrooms and 4 bathrooms, making it suitable for large families or those who need extra space for guests or home offices. The 3,360 square feet provides ample living space for comfortable family living.
• The property features desirable amenities such as a master suite with trey ceilings, recessed lighting, a large bathroom with a glass shower, soaking tub, and dual vanities. The open-concept kitchen with an island, extra counter space, and wine rack is ideal for modern living and entertaining.
• The basement is finished and includes a home theater, a fifth bedroom with a full bathroom, a home office, and additional flex space, providing versatility and added value. This is a great benefit not always available in this area.
• The location is convenient, with a short walk to Barrett Park and close proximity to the airport, Delta, Porsche, Tyler Perry Studios, and Woodward Academy. This makes it ideal for those who want to live near work, entertainment, and family activities.
• The property has a minimal flood risk (1/10) and fire risk (1/10), which means that insurance costs related to these specific hazards are lower than average. The FEMA flood zone is X_UNSHADED, which is considered a low-risk zone.
• The property includes high-speed internet access, which is a must-have for many buyers. It also has central heat and a heat pump, making it energy efficient.
The Bad
• The property has been on the market for an extended period (580 days), which can be a red flag for buyers. This suggests that the property may be overpriced, have hidden issues, or not appeal to the current market. The median days on market in the area is significantly lower, at 60-90 days.
• The price per square foot ($163.69) is slightly higher than the median for the College Park area, which might deter budget-conscious buyers, as the average price per sqft is closer to $150. This is especially notable given the recent price reductions.
• The public school ratings in the area are below average, which can be a drawback for families with children. College Park Elementary (3/10), Woodland Middle (3/10), and Tri-Cities High (2/10) are not considered top-performing schools.
• Despite the description of the home as "like new", the age of the property (built in 2019) means that some systems and appliances may require maintenance or replacement in the near future. The typical life of major appliances is 10-15 years.
• The property's proximity to the airport, while convenient for travel, also means potential noise pollution. The property description does not mention soundproofing or other measures to mitigate noise, which could be a concern for some buyers.
The Ugly
• The property has been on the market for 580 days with multiple price reductions. This suggests that the property may be overvalued for its current condition or location, or that there are other underlying issues that are deterring buyers. The price history reveals a steady decrease from $695,000 to $550,000 over a span of 16 months, which indicates potential concern.
• The major wind risk (6/10) is a significant concern that could lead to higher insurance premiums. This is a critical factor that could impact the total cost of ownership. Insurance for wind damage can be costly and is a critical factor to consider.
• The moderate air quality risk (3/10) and the property's proximity to the airport could be a concern for buyers with respiratory issues. The 3 bad air days per year, while not extreme, should still be considered.
• The major heat risk (5/10) and the 98th percentile temperature of 103°F suggests that the home may experience high temperatures during the summer months, which could increase energy costs and impact comfort levels.
• Despite being described as "like new", the home's age means that the buyer will be responsible for maintenance and repairs as systems and appliances age. This could lead to unexpected expenses.
• The estimated insurance of $1980/year may reflect the wind and heat risks, and could be an additional expense for buyers. This cost should be factored into the total cost of ownership.
• The local school ratings are below average, which negatively impacts long-term value and appreciation. This is a concern for families with children and potential investors.
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
• Families seeking a spacious, move-in ready home in a convenient location. The 5 bedrooms and 4 bathrooms provide ample space for a growing family, while the proximity to Barrett Park, the airport, and major employers like Delta and Porsche are ideal for busy professionals.
• Buyers who prioritize modern amenities and open-concept living. The kitchen's island, open cabinetry, and view to the dining and living rooms are great for entertaining. The home theater in the basement adds an additional entertainment space.
• Individuals who value proximity to cultural and educational institutions. The home's location is close to Tyler Perry Studios and Woodward Academy, making it attractive for those interested in the arts or with ties to the school.
• Homebuyers who are attracted to historic areas with modern upgrades. The property blends the aesthetic of a historic home with the modern feel and quality of new construction, appealing to those who appreciate character and updated features.
• Buyers comfortable with a higher price point in exchange for a larger home with many upgrades in a desirable location. Although the price per square foot is slightly higher than the median in the area, the home's features may justify the increased cost.
Not For
• Buyers seeking a low-maintenance property. While the home is relatively new, the spacious layout and basement require more maintenance than a smaller home. Additionally, the large yard requires regular upkeep.
• Buyers with a limited budget. The $550,000 price tag, while potentially negotiable, is still a significant investment, especially when considering the cost of ownership, including property taxes, insurance, and utilities. The median income in College Park is $44,882 which may suggest that this property is not affordable for the average resident.
• Buyers who prioritize top-rated public schools. The local public schools have below-average ratings, so families seeking highly-rated public schools should look elsewhere or consider private school options.
• Buyers who are sensitive to airport noise and air quality. The home is located close to the airport, which may result in aircraft noise. The air quality is rated as moderate (3/10), with a few bad air days per year.
• Buyers who are looking for a quick sale. The property has been on the market for 580 days, which might indicate challenges in selling the home quickly. This may be due to the price point, the local market, or other factors.
Demographics
Area Median Income
$44,882
Property History
Price History
Ownership Timeline
$0Financed
Aug 29, 2022Ribbon Home Spv Ii LlcRibbon Home Spv V Llc
Warranty Deed
Non-Arm's Length Transactions
$650,000Cash Purchase
Jun 23, 2022Carline HookerRibbon Home Spv Ii Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$479,000Cash Purchase
Mar 2, 2020Entrust Realty LlcArline Hooker
Warranty Deed
Standard Sale (Purchase/Resales)
$120,000Cash Purchase
Sep 29, 2017Jay Holdings IncEntrust Realty Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$120,000Financed
Jul 12, 2000Wordna H Jenkins TrustSwasey, Dennis A & Thaisa K
Deed
Non-Residential Arm's Length Transactions
Property Taxes
$5,961
2023 Tax Assessment
8.6%from previous year
Assessed Value$227,600
Tax Rate2.62%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
2.8/10
Below AverageMiddle
3.3/10
Below AverageHigh
2.5/10
Below AverageFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,345
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$550,000
Price/sqft
$164
Layout
5 bd•4 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$389,167
41.3%
Your price is 41.3% above average
Median Price
$355,000
54.9%
Based on 6 recent sales
Price per Sq.Ft
$165
0.8%
Your price is 0.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 3044 Orr Drive, East Point, GA 30344 | $340,000 | 2,928 | 4 | 4 | $11629.1% | 11/7/2024 |
| 1630 Academy Square, Atlanta, GA 30337 | $635,000 | 2,716 | 4 | 4 | $23442.8% | 10/30/2024 |
| 1965 Lyle Avenue, College Park, GA 30337 | $440,000 | 3,032 | 4 | 3 | $14511.3% | 8/25/2024 |
| 2355 Rugby Lane, Atlanta, GA 30337 | $295,000 | N/A | 4 | 4 | N/A | 10/21/2024 |
| 1895 Vesta Avenue, Atlanta, GA 30344 | $355,000 | N/A | N/A | N/A | N/A | 11/14/2024 |
| 1614 Temple Avenue, College Park, GA 30337 | $270,000 | N/A | N/A | N/A | N/A | 9/19/2024 |
3044 Orr Drive, East Point, GA 30344
Price: $340,000
Sq.Ft: 2,928
Beds/Baths: 4/4
$/Sq.Ft:
$11629.1%
Sale Date: 11/7/2024
1630 Academy Square, Atlanta, GA 30337
Price: $635,000
Sq.Ft: 2,716
Beds/Baths: 4/4
$/Sq.Ft:
$23442.8%
Sale Date: 10/30/2024
1965 Lyle Avenue, College Park, GA 30337
Price: $440,000
Sq.Ft: 3,032
Beds/Baths: 4/3
$/Sq.Ft:
$14511.3%
Sale Date: 8/25/2024
2355 Rugby Lane, Atlanta, GA 30337
Price: $295,000
Sq.Ft: N/A
Beds/Baths: 4/4
$/Sq.Ft: N/A
Sale Date: 10/21/2024
1895 Vesta Avenue, Atlanta, GA 30344
Price: $355,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/14/2024
1614 Temple Avenue, College Park, GA 30337
Price: $270,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/19/2024
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