Score
0Union City, TN
222 Hayes St
295K
3 beds
2 baths
2,056 sqft
3 bd • 2 ba • 2,056 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$294,900
Price/Sq.Ft
$143
Year Built
2005
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers excellent value at $143.43/sqft, which is significantly lower than the Tennessee average of $198/sqft. The 2,056 sqft of living space is generous, providing ample room for various lifestyle needs. The home's recent upgrades, including a 1-year-old roof and 3-year-old HVAC system, add substantial value (estimated $15,000 for roof and $7,000 for HVAC) and reduce immediate maintenance concerns. The 0.44-acre lot size is 76% larger than the average lot size in Union City (0.25 acres), offering excellent outdoor space. The property's flood risk score of 1/10 is exceptionally low, potentially leading to lower insurance costs. The home's flexible layout with a bonus room that could serve as a 4th bedroom or home office adds versatility for various buyer needs.
The Bad
The property has been on the market for 80 days, which is above the average DOM for Union City (typically 30-45 days), suggesting potential pricing or condition issues. The lack of listed specific features beyond basic amenities may indicate a need for updates in certain areas. The home's heat risk score of 6/10 is concerning, with 7 hot days per year over 108°F, which could lead to higher cooling costs and potential comfort issues. The property's price history shows volatility, with a significant 87% increase from 2014 to 2022, followed by a slight decrease, which may raise questions about long-term value stability.
The Ugly
The property's location in Union City presents some challenges. The city's limited job market, primarily focused on manufacturing and agriculture, may restrict long-term appreciation potential. The area's median household income (estimated around $40,000 based on state averages) suggests affordability concerns for many local buyers. The lack of robust public transportation and limited amenities typical of small rural towns could deter some buyers and impact future resale value. While the schools are relatively close (1.9-2 miles away), their ratings (4/10, 5/10, and 7/10) are average to below average, which could be a significant concern for families with children.
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:
1. First-time homebuyers or young families looking for spacious, affordable housing with good value per square foot.
2. Remote workers or retirees who can take advantage of the bonus room as a home office and appreciate the quiet, rural setting.
3. Investors looking for rental properties, as the low price point could yield attractive returns in a market with limited housing options.
4. Buyers who prioritize low natural disaster risks, particularly flooding, as the property's 1/10 flood risk score is exceptional.
5. Those seeking a slower-paced, community-oriented lifestyle typical of small-town America.
Not For
This property is not ideal for:
1. Buyers seeking high-end, luxury amenities or modern, updated finishes throughout.
2. Professionals who require easy access to a diverse job market or frequent commuters to larger cities.
3. Families highly prioritizing top-rated schools, as the local options have average to below-average ratings.
4. Those who prefer an active urban lifestyle with abundant entertainment options and amenities.
5. Buyers looking for rapid property appreciation or in a hot real estate market with quick turnover.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$261,000Financed
Apr 11, 2022Randy N ChismDaniel C Carr, Haley E Carr
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 4, 2022Ezra Johnson, Charity JohnsonRandy N Chism
Quit Claim Deed
Non-Arm's Length Transactions
$141,722Cash Purchase
May 30, 2014Charity JohnsonRandy N Chism
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$1,892
2023 Tax Assessment
16.2%from previous year
Assessed Value$67,500
Tax Rate2.80%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$0
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$294,900
Price/sqft
$143
Layout
3 bd•2 ba
Days on market
123 daysat time of analysis
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$35,000
742.6%
Your price is 742.6% above average
Median Price
$35,000
742.6%
Based on 1 recent sales
Price per Sq.Ft
N/A
No price per sq.ft data available
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 221 Wilma Drive (Lot #47) #Lot #47, Union City, TN 38261 | $35,000 | N/A | N/A | N/A | N/A | 8/21/2024 |
221 Wilma Drive (Lot #47) #Lot #47, Union City, TN 38261
Price: $35,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/21/2024
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