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2215 Hampton Road UNIT 1
Score
0
Wenatchee, WA

2215 Hampton Road UNIT 1

425K
3 bd • 2 ba • 1,844 sf

This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$425,000

Price/Sq.Ft

$230

Year Built

1969

AI Property Analysis

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

The Good

• Proximity to Recreation: The property is conveniently located near Mission Ridge Ski Resort (6 miles) and Squilchuck State Park (2 miles), offering easy access to outdoor activities such as skiing, hiking, and snowshoeing. • Spacious Layout: With 1,844 square feet, 3 bedrooms, and 2 bathrooms, the condo offers ample living space for families or individuals who need extra room for guests or hobbies. • Unique Features: The property boasts a loft, vaulted ceilings, a dedicated 2-car carport, a storage shed, and a thermostat-controlled wine room with a custom-built wine rack, adding character and functionality. • Included Appliances: The property comes equipped with essential appliances, including dishwashers, dryers, disposals, microwaves, refrigerators, stoves/ranges, and washers, reducing upfront costs for buyers.

The Bad

• High Fire Risk: The property's fire risk is rated as extreme (9/10), which could lead to significantly higher insurance premiums. Buyers should obtain multiple insurance quotes to assess the potential cost. • Air Quality Concerns: The air quality risk is also rated as extreme (10/10), with approximately 20 bad air days per year. This could be a significant concern for individuals with respiratory issues or those sensitive to air pollution. • School Ratings: The assigned schools have relatively low ratings (4/10 and 5/10), which may be a concern for families with school-aged children. Buyers should research alternative school options if this is a priority. • Potential for Increased Insurance Costs: Given the extreme climate risks (fire and air quality), insurance costs could rise substantially in the future, impacting the overall cost of ownership.

The Ugly

• Age and Condition: Built in 1969, the condo is over 50 years old and may require significant updates and repairs. Buyers should be prepared for potential maintenance issues and renovation costs. The presence of an electric water heater in the stairway also suggests outdated infrastructure. • Increasing Costs: The property was listed for sale at $425,000 in 2025, representing a 136.1% increase from its 2013 sale price of $180,000. While this indicates potential appreciation, it also suggests that the property may be overpriced relative to its condition and market value. • Unknown HOA Financial Health: It's critical to investigate the HOA's financial reserves and any history of special assessments. Underfunded reserves could lead to unexpected costs for owners.

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

• Outdoor Enthusiasts: The property's proximity to Mission Ridge Ski Resort (6 miles) and Squilchuck State Park (2 miles) is ideal for those who enjoy skiing, hiking, and other outdoor activities. The location provides convenient access to recreational amenities and natural landscapes. • Buyers Seeking Unique Architectural Features: The condo's distinctive design, featuring a loft, vaulted ceilings, and large windows with scenic views, will appeal to those who appreciate architectural character and open living spaces. The custom-built wine rack is an additional unique feature. • Buyers Prioritizing Included Amenities: The HOA covers common area maintenance, trash, grounds maintenance, snow removal, and water, which simplifies homeownership. The dedicated 2-car carport and storage shed offer added convenience.

Not For

• Buyers Concerned About Air Quality: The property is located in an area with extreme air quality risk, experiencing approximately 20 bad air days per year. Individuals sensitive to air pollution may find this location unsuitable. • Buyers Seeking Low-Maintenance Properties: While the HOA covers some maintenance, the property's age (built in 1969) may require ongoing repairs and updates. Buyers seeking a turnkey property with minimal maintenance should consider newer options. • Buyers on a Tight Budget: While the price per square foot ($230.48) might seem reasonable, potential increases in insurance costs due to fire risk, combined with HOA fees and potential maintenance expenses, could strain a tight budget.
Demographics
Area Median Income

$64,480

Property History

Price History
Ownership Timeline
$180,000Financed
Aug 6, 2013
Dennis E Odell, Phyllis C OdellCarol Backstrom
Warranty Deed
Standard Sale (Purchase/Resales)
$164,000Cash Purchase
Dec 2, 2010
Charles W ChurchDennis E Odell, Phyllis C Odell
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$2,417
2023 Tax Assessment
1.3%from previous year
Assessed Value$291,882
Tax Rate0.83%

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 98801, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$514,773
$275/sqft
3.0%
Change from last month
Your price: $425K (-17%)
Your price/sqft: $230/sqft (-16%)
115
14 sold last month
4.2%
Change from last month
74 days
Average for homes in this area
5.2%
Change from last month
This property: 4 days (-95%)

Sale Price Distribution

Last month
2
Over Asking
homes
8
At Asking
homes
4
Under Asking
homes
Total: 14 homes sold

If you're buying a home in 98801, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Sale Time Distribution

Last month
4
Under 30 Days
homes
Your property
4
30-90 Days
homes
6
Over 90 Days
homes
Total: 14 homes sold

Most homes in 98801 are taking a long time to sell, it's a good idea to negotiate on homes here.

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

airSEVERE

20 bad air quality days per year

fireSEVERE

Insurance: Required

heatMINIMAL

7 extreme heat days per year

98th percentile: 88°F

floodMINIMAL

FEMA Zone: Low to Moderate Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• High Fire Risk: With a fire risk score of 9/10, insurance premiums are likely to be higher. Buyers should obtain multiple insurance quotes and understand potential mitigation measures, such as defensible space landscaping, which can add to the overall cost of ownership. • Air Quality: The extreme air quality risk (10/10) and 20 bad air days per year can impact health and lifestyle. Installing and maintaining high-quality air filtration systems will be necessary, adding to ongoing expenses. • Age of the Property: Built in 1969, the condo may require significant updates and repairs to modernize systems and address potential maintenance issues. A professional inspection is highly recommended to identify potential problems. • HOA Fees: While the HOA covers some essential services, there may be limitations or special assessments that could increase costs. Review the HOA documents carefully to understand the scope of coverage and potential future expenses. • Market Volatility: The Wenatchee real estate market can be competitive and subject to seasonal fluctuations. Monitor market trends and be prepared to act quickly, but also be cautious about overpaying.
Insurance
Annual Cost

$1,530

$128 per month

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Schools

Mission View Elementary School

Public•Grades K-5
4/5
Elementary
5.3 mi
Get more information on GreatSchools

Orchard Middle School

Public•Grades 6-8
4/5
Middle
6.7 mi
Get more information on GreatSchools

Wenatchee High School

Public•Grades 9-12
5/5
High
5.6 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$1,780

Get a detailed estimate on Zillow®
HOA Fee

$633

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$425,000
Price/sqft
$230
Layout
3 bd•2 ba
Days on market
4 daysat time of analysis

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$564,000

24.6%

Your price is 24.6% below average

Median Price

$564,000

24.6%

Based on 1 recent sales

Price per Sq.Ft

$344

33.0%

Your price is 33.0% below average $/sqft

Comparable Properties

5186 Squilchuck Road, Wenatchee, WA 98801
Price: $564,000
Sq.Ft: 1,640
Beds/Baths: 3/2
$/Sq.Ft:
$34449.2%
Sale Date: 10/18/2024

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