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224 Wiltshire Dr
Score
0
Gray, TN

224 Wiltshire Dr

501K
3 bd • 3 ba • 2,118 sf

This analysis was generated on 3/8/2025. 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

$500,700

Price/Sq.Ft

$236

Year Built

AI Property Analysis

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

The Good

• Swimming Pool: Increases property value and provides recreational opportunities • Multi-Level Deck: Expansive outdoor living space, ideal for entertaining and relaxation • Swimming Pool • Multi-Level Deck • Outdoor Furniture • Price Position: The property is listed at $236.40/sqft, significantly higher than the recent median sold price of $186/sqft, suggesting overpricing. • Appreciation Trend: Homes in 37615 have sold for 3.6% more than they did a year ago, but this may not be sustainable given the shift to a neutral market. • Negotiation Opportunity: Most homes are taking longer to sell, indicating the property may also experience a longer listing period, creating negotiation opportunities. • Rental Income: $1,200/month with 95% occupancy (0.0% cap rate) • Schools: No school data available.
Swimming Pool

Swimming Pool

Increases property value and provides recreational opportunities.

Multi-Level Deck

Multi-Level Deck

Expansive outdoor living space, ideal for entertaining and relaxation.

The Bad

• Lack of specific property details (year built, features, room details, utilities) makes accurate valuation challenging. • Limited crime statistics data makes it difficult to assess neighborhood safety. • Month-over-month sales decrease of 48.1% suggests a cooling market with potentially reduced buyer demand. • Climate Risk: No climate risk data available.

The Ugly

• Potential Overpricing: $115,700 above estimated value (30.1% premium)

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

Rental Property Investors: Potential annual revenue of $14,400 with 95% occupancy rate

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$67,865

Property History

Price History
Ownership Timeline
$389,900Financed
Sep 25, 2020
Jeremy FairbanksChristopher Andrew Mays, Megan M Mays
Warranty Deed
Standard Sale (Purchase/Resales)
$305,000Financed
May 14, 2019
David Peaks, Lutricia PeaksJeremy Fairbanks
Warranty Deed
Standard Sale (Purchase/Resales)
$278,000Cash Purchase
Jun 9, 2017
Deanna ColeDavid Peaks, Lutricia Peaks
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 9, 2017
Kevin Clyde ColeDeanna Cole
Intrafamily Transfer
Non-Arm's Length Transactions
$251,000Cash Purchase
Jan 1, 1970
Dodge N P JrDeanna Cole
Deed
Standard Sale (Purchase/Resales)
$251,000Cash Purchase
Jan 1, 1970
Patrick C SwainDodge N P
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970
Swain Carrie LeanneSwain Patrick Carl
Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jan 1, 1970
Swain Beth ASwain Patrick C
Deed
Standard Sale (Purchase/Resales)
$187,500Cash Purchase
Jan 1, 1970
Creative Building DesignsSwain Patrick C
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$760

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$500,700
Price/sqft
$236
Layout
3 bd3 ba
0

Stats in the Area

Based on 4 comparable properties nearby

Average Price

$281,625

77.8%

Your price is 77.8% above average

Median Price

$371,000

35.0%

Based on 4 recent sales

Price per Sq.Ft

$159

48.7%

Your price is 48.7% above average $/sqft

Comparable Properties

531 Old Gray Station Road, Gray, TN 37615
Price: $325,500
Sq.Ft: 2,186
Beds/Baths: 4/3
$/Sq.Ft:
$14937.0%
Sale Date: 11/27/2024
348 Wiltshire Drive, Gray, TN 37615
Price: $380,000
Sq.Ft: 2,526
Beds/Baths: N/A/3
$/Sq.Ft:
$15036.4%
Sale Date: 9/17/2024
279 Harps Lane, Gray, TN 37615
Price: $371,000
Sq.Ft: 2,099
Beds/Baths: 2/2
$/Sq.Ft:
$17725.2%
Sale Date: 10/12/2024
Lot 10r Hicks Drive, Johnson City, TN 37615
Price: $50,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/22/2024

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