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207 Evergreen St
Score
0
Wood Heights, MO

207 Evergreen St

349K
3 bd • 3 ba • 2,944 sf

This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$349,000

Price/Sq.Ft

$119

Year Built

1972

AI Property Analysis

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

The Good

This property offers exceptional value at $118.55/sqft, which is significantly below the area average of $150-$180/sqft for similar homes. The 2,944 sqft of living space is 30% larger than the typical 3-bedroom home in Wood Heights (average 2,200 sqft). The 2-acre lot provides ample privacy and outdoor space, a rarity in this price range. Recent updates, including a new septic system (estimated $10,000-$15,000 value), fresh interior paint, and a remodeled rec room, add immediate value. The 960 sq/ft shop with electricity is a standout feature, potentially adding $20,000-$30,000 in value for buyers needing workspace or storage. The property's flood risk score of 1/10 is excellent, potentially saving $500-$1,000 annually on insurance compared to higher-risk properties in the area.

The Bad

The property has been on the market for 51 days, which is 20% longer than the area average of 42 days, suggesting potential pricing or marketing issues. The home's age (built in 1972) may necessitate updates to major systems within 5-10 years, including HVAC ($6,000-$10,000), roof ($8,000-$12,000), and possibly electrical ($5,000-$8,000). While the kitchen is equipped, the listing doesn't mention recent upgrades, potentially indicating dated finishes that may require modernization ($15,000-$25,000). The split-level design, while spacious, can be less desirable for some buyers, potentially limiting the market appeal.

The Ugly

The property relies on well water and a septic system, which can be costly to maintain and replace. While the septic system is new, the well system's condition is unknown and could require significant investment ($5,000-$15,000) if issues arise. The moderate fire risk (4/10) and heat risk (4/10) could lead to increased insurance premiums and potential future mitigation costs. The local school ratings (elementary 7/10, middle 4/10, high school 5/10) may deter families with school-age children, potentially impacting future resale value. The property's rural location, while appealing to some, may limit appreciation compared to more centrally located properties.

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 buyers seeking space and privacy on a budget, with household incomes of $80,000-$120,000 (based on a 28% front-end DTI ratio). It's perfect for remote workers or small business owners who can utilize the large shop space. The property suits nature enthusiasts and those desiring a quiet, rural lifestyle while maintaining proximity to city amenities. Investors could potentially see a 6-7% cap rate if rented at the local 3-bedroom rate of $1,530/month, assuming minimal vacancy and maintenance costs.

Not For

Not suitable for buyers seeking a low-maintenance lifestyle or those uncomfortable with well and septic systems. The rural location and larger property size may not appeal to those prioritizing walkability or quick access to urban amenities. Families highly focused on top-rated schools may find the local options lacking. Not ideal for investors seeking quick flips or high appreciation, as rural properties typically appreciate more slowly than urban counterparts.
Demographics
Area Median Income

$71,622

Property History

Price History
Ownership Timeline

Property Taxes

$1,909
2023 Tax Assessment
7.8%from previous year
Assessed Value$25,620
Tax Rate7.45%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Schools

Nearby school quality by education level

Middle

4.0/10
Average

High

5.0/10
Average

Financials

Monthly Costs
Market Rent (3 bed)

$885

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