2008 River Run Rd

• Hardwood Flooring: Adds warmth and elegance to the interior, increasing appeal to buyers • Quartz Countertops: Durable and stylish, enhancing the kitchen's functionality and aesthetics • Updated Kitchen Cabinets: Modern design and ample storage space, increasing the kitchen's value • Updated Bathrooms: Modern fixtures and finishes, enhancing the bathrooms' appeal and functionality • Stone Exterior: Durable and aesthetically pleasing, enhancing the property's curb appeal • Hardwood Flooring • Quartz Countertops • Updated Kitchen Cabinets • Updated Bathrooms • Stone Exterior • Price Position: The property is listed at $206.61 per square foot, while recent sales in the area average $180 per square foot. This suggests the property is overpriced by approximately 14%, providing a strong basis for negotiation. • Appreciation Trend: Limited historical data available. However, the property was listed in 2019 for $1,089,000, suggesting minimal appreciation or even depreciation given the current listing price of $999,800 after a recent price decrease. • Negotiation Opportunity: At 93 days on market, this property has been listed significantly longer than average, indicating potential for negotiation. Properties listed over 90 days in this market typically see a 3-5% price reduction. • Rental Income: $4,000/month with 90% occupancy (4.2% cap rate) • Schools: The 7/10 rating of Sparta Elementary may positively influence property values for families with young children. However, the lower ratings of Belton Middle (4/10) and Belton High (5/10) could be a concern for some buyers, potentially impacting resale value. • Future Development: The property description mentions proximity to Belton's dining and shopping. Further research is needed to identify any specific planned commercial or residential developments that could impact property values or traffic patterns in the area.