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20930 Buena Vista Rd
Rockbridge, OH

20930 Buena Vista Rd

$525,000
3 bd • 2 ba • 2,240 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$525,000

Price/Sq.Ft

$234

Year Built

1976

AI Property Analysis

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

The Good

This property stands out with its complete renovation and prime location in the Hocking Hills area, a popular tourist destination. At $234.38/sqft, it's priced competitively for a fully renovated home. The 2,240 sqft layout is spacious, offering 3 bedrooms and 2 full baths, which is ideal for both residential and short-term rental use. Recent upgrades include a modern kitchen with stainless steel appliances and quartz countertops, significantly enhancing the property's value. The open-concept design and abundance of natural light are highly desirable features. The property's climate risk scores are notably low, with minimal flood risk (1/10) and minor risks for air quality (2/10), heat (2/10), and wind (2/10), making it a safer investment. The fenced yard and bonus outbuilding add value and versatility to the property.

The Bad

The property's fire risk is moderate (4/10), which may impact insurance costs. While the home has appreciated significantly since its last sale in 2020 (from $81,000 to $525,000), this 548.1% increase in 5 years may raise concerns about overvaluation or potential market correction. The estimated insurance cost of $1,890/year is relatively high, possibly due to the rural location and fire risk. The property's age (built in 1976) may mean some systems and structures, despite the renovation, could require maintenance or replacement in the coming years. The rural location means limited access to amenities and potentially longer emergency response times.

The Ugly

The dramatic price increase from $81,000 in 2020 to $525,000 in 2025 (548.1%) is concerning and may indicate a potential bubble in the local market or unrealistic pricing. This could lead to difficulties in future resale or refinancing if the market corrects. The rural location may present challenges with internet connectivity and cell service, which could be problematic for both residents and short-term renters. The reliance on electric heating (heat pump) might result in high utility costs, especially during peak winter months. The lack of public sewer and water systems typical in rural areas means the property likely relies on a septic system and well, which can be costly to maintain or replace if issues arise.

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 best suited for investors looking to capitalize on the short-term rental market in the Hocking Hills area. With its modern renovations, spacious layout, and additional outbuilding, it's well-positioned for vacation rentals. It's also ideal for buyers seeking a second home or retirement property in a scenic, rural setting who appreciate modern amenities and don't mind the distance from urban conveniences. The property would work well for small families or couples who enjoy entertaining, given the open layout and outdoor space. Remote workers who can take advantage of the serene environment and don't require daily commutes would find this property attractive, provided they can secure reliable internet service.

Not For

This property is not suitable for buyers looking for an affordable primary residence, given its high price point relative to the local median income of $51,890. It's not ideal for those who require easy access to urban amenities, public transportation, or short commutes to work. Buyers who are risk-averse or concerned about potential market volatility should be cautious, given the extreme price appreciation. Those who prefer newer construction or are not prepared for the potential maintenance requirements of a 1970s-built home, despite renovations, may want to look elsewhere. Families needing more than three bedrooms or those requiring multiple living areas might find the layout limiting.
Demographics
Area Median Income

$51,890

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Risk Assessment

Climate Risks

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

heatMINOR

7 extreme heat days per year

98th percentile: 98°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The most significant risk is the potential for market correction given the extraordinary price appreciation. There's a possibility of the property being overvalued, which could lead to difficulties in refinancing or selling in the future. The moderate fire risk (4/10) could result in higher insurance premiums and requires vigilant fire prevention measures. While flood risk is minimal, the minor wind risk could still lead to storm damage. The rural location may present challenges in terms of emergency services response times and access to healthcare facilities. The potential for high utility costs with electric heating is a concern, especially in a larger home. Long-term maintenance costs could be substantial, particularly if the septic system or well (assuming these are present) require major repairs or replacement. The viability of the property as a short-term rental investment depends heavily on local regulations, which could change, potentially affecting the property's income potential.
Insurance
Annual Cost

$1,890

$158 per month

Financials

Monthly Costs
Market Rent (3 bed)

$1,490

Get a detailed rental estimate on Zillow®

Price History

Property Taxes

$2,962
2023 Tax Assessment
1.9%from previous year
Assessed Value$42,270
Tax Rate7.01%

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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