Score
0Albany, OR
2307 Waverly Dr SE
425K
3 beds
3 baths
1,608 sqft
3 bd • 3 ba • 1,608 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$425,000
Price/Sq.Ft
$264
Year Built
1963
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Updated and Remodeled: The property has been meticulously updated, featuring a modern kitchen and bathrooms, new flooring, and fresh paint. These updates minimize immediate maintenance costs and offer a move-in-ready experience.
• Functional Layout: With 3 bedrooms and 2.5 bathrooms, the 1,608 sqft layout provides ample space for comfortable living, accommodating both household life and entertaining needs.
• Outdoor Amenities: The inclusion of a fire pit and raised beds in the yard enhances the property's outdoor appeal, offering opportunities for relaxation and gardening.
• Minimal Flood Risk: The property is located in FEMA Zone X_UNSHADED, indicating minimal flood risk (1/10). This reduces the likelihood of flood damage and eliminates the need for flood insurance.
The Bad
• Lower-Rated Middle and High Schools: Calapooia Middle School (3/10) and South Albany High School (4/10) have lower ratings compared to other schools in the region. This might be a concern for individuals prioritizing education.
• Air Quality Concerns: The property has an extreme air quality risk (9/10), with an average of 12 bad air days per year. This is higher than the national average and could impact outdoor activities and health.
• Older Construction: Built in 1963, the home's age could mean potential maintenance issues and outdated systems compared to newer properties. An inspection is crucial to assess the condition of plumbing, electrical, and HVAC systems.
• Limited Public Transportation: Albany has limited public transportation options, which may be a drawback for those who rely on public transit.
The Ugly
• Potential for Hidden Issues Due to Age: Given the home was built in 1963, there's a risk of encountering hidden issues such as asbestos, lead paint, or outdated wiring. These issues could lead to costly remediation or repairs.
• High Air Quality Risk: An air quality risk of 9/10 is a significant concern. With 12 bad air days per year, residents may experience respiratory issues, and the need for air purification systems could increase utility costs.
• School Ratings: The Calapooia Middle School (3/10) and South Albany High School (4/10) ratings are below average. This could impact the property's long-term value and make it less attractive to individuals with school-aged children.
• History of Price Reductions: The property has experienced multiple price reductions, starting from $449,900 and decreasing to $425,000. This could indicate underlying issues or an initial overpricing, potentially affecting future resale value.
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
• Buyers Seeking a Move-In Ready Home: The property's extensive renovations, including updated kitchen and bathrooms, new flooring, and fresh paint, make it ideal for those wanting a hassle-free transition.
• Individuals Prioritizing Outdoor Space: The property features a fire pit and raised beds, appealing to buyers who value outdoor living and gardening.
• Buyers Looking for a Family-Friendly Neighborhood: Located near Periwinkle Elementary School (rated 6/10 and 0.3 miles away), this home is suitable for individuals who value proximity to schools and parks.
• Those Seeking a Home in a Community with a Small-Town Feel: Albany offers a distinct small-town character, appealing to those who prefer a close-knit community over a bustling urban environment.
Not For
• Buyers Seeking Newer Construction: Built in 1963, this home may have older systems and potential maintenance needs compared to newer properties.
• Individuals Requiring Close Proximity to Major Urban Amenities: Albany has a small-town feel and limited nightlife, which may not suit those seeking a vibrant urban environment.
• Buyers Sensitive to Air Quality Issues: With an extreme air quality risk (9/10) and 12 bad air days per year, this property may not be suitable for individuals with respiratory sensitivities.
• Those Seeking High-Performing Schools: While Periwinkle Elementary has a decent rating (6/10), the middle and high schools have lower ratings (3/10 and 4/10, respectively), which may not appeal to those prioritizing education.
Demographics
Area Median Income
$61,285
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 14, 2007Ramona LangWilliam M Lang, Ramona A Lang
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$3,519
2023 Tax Assessment
1.8%from previous year
Assessed Value$175,950
Tax Rate2.00%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Middle
3.0/10
Below AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$893
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$425,000
Price/sqft
$264
Layout
3 bd•3 ba
Days on market
33 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$358,983
18.4%
Your price is 18.4% above average
Median Price
$440,000
3.4%
Based on 6 recent sales
Price per Sq.Ft
$216
22.4%
Your price is 22.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1209 Canal Av SE, Albany, OR 97322 | $440,000 | 1,746 | 3 | 3 | $2524.7% | 11/12/2024 |
| 2122 Madison St SE, Albany, OR 97322 | $389,900 | 1,504 | 3 | 3 | $2591.9% | 9/27/2024 |
| 3800 S MOUNTAIN VIEW DR #31, Albany, OR 97322 | $197,000 | 1,540 | 3 | 2 | $12851.6% | 1/9/2025 |
| 3800 Mountain View (#31) St SE #31, Albany, OR 97322 | $197,000 | 1,540 | 3 | 2 | $12851.6% | 1/8/2025 |
| 1662 Sherman (1664) ST SE, Albany, OR 97322 | $465,000 | 1,740 | N/A | N/A | $2671.1% | 12/9/2024 |
| 1662 Sherman (1664) St SE, Albany, OR 97322 | $465,000 | 1,760 | 4 | 2 | $2640.0% | 12/9/2024 |
1209 Canal Av SE, Albany, OR 97322
Price: $440,000
Sq.Ft: 1,746
Beds/Baths: 3/3
$/Sq.Ft:
$2524.7%
Sale Date: 11/12/2024
2122 Madison St SE, Albany, OR 97322
Price: $389,900
Sq.Ft: 1,504
Beds/Baths: 3/3
$/Sq.Ft:
$2591.9%
Sale Date: 9/27/2024
3800 S MOUNTAIN VIEW DR #31, Albany, OR 97322
Price: $197,000
Sq.Ft: 1,540
Beds/Baths: 3/2
$/Sq.Ft:
$12851.6%
Sale Date: 1/9/2025
3800 Mountain View (#31) St SE #31, Albany, OR 97322
Price: $197,000
Sq.Ft: 1,540
Beds/Baths: 3/2
$/Sq.Ft:
$12851.6%
Sale Date: 1/8/2025
1662 Sherman (1664) ST SE, Albany, OR 97322
Price: $465,000
Sq.Ft: 1,740
Beds/Baths: N/A/N/A
$/Sq.Ft:
$2671.1%
Sale Date: 12/9/2024
1662 Sherman (1664) St SE, Albany, OR 97322
Price: $465,000
Sq.Ft: 1,760
Beds/Baths: 4/2
$/Sq.Ft:
$2640.0%
Sale Date: 12/9/2024
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