masterkey logo
2375 Spring Cir
Comer, GA

2375 Spring Cir

$174,900
2 bd • 1 ba • 1,000 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$174,900

Price/Sq.Ft

$175

Year Built

1970

AI Property Analysis

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

The Good

This charming country cottage offers excellent value at $174.90/sqft, which is approximately 30% below the median price of $250/sqft for similar homes in Comer, GA. The property sits on a generous half-acre lot, providing ample space and privacy. Recent updates add significant value: a 2-year-old roof ($8,000-$10,000 value), moisture barrier and ductwork in the crawl space (2011, $3,000-$5,000 value), and updated kitchen plumbing and rewired electrical (2020, $5,000-$7,000 value). The home's flood risk score of 1/10 is exceptionally low, potentially leading to lower insurance premiums. With rental rates for 2-bedroom homes in the area at $995/month, this property could generate a potential gross yield of 6.8% for investors.

The Bad

At 1,000 sqft, the home is smaller than the average single-family residence in Comer (typically 1,500-1,800 sqft). The property has been on the market for 47 days, which is above the average DOM of 30-35 for the area, suggesting possible overpricing or low demand. The home's age (built in 1970) means potential for additional maintenance costs. The property relies on window unit air conditioning, which is less efficient than central air and may need upgrading ($4,000-$7,000 for central AC installation). The single bathroom could be a limitation for some buyers, as most families prefer at least 1.5 baths.

The Ugly

The property faces significant climate risks, particularly in fire (5/10) and wind (6/10), which are rated as MAJOR. This could lead to substantially higher insurance premiums, potentially 20-30% above average. The heat risk is also concerning at 6/10, with 7 extremely hot days per year, which could necessitate costly cooling system upgrades. The home's reliance on propane for heating (typically more expensive than natural gas) could result in higher utility costs. The 143% price increase since the last sale in 2005 ($71,775 to $174,900) far outpaces local income growth, potentially limiting the buyer pool and future appreciation.

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 first-time homebuyers or retirees looking for a low-maintenance, affordable country home. With a median income of $53,472 in the area, buyers with household incomes of $60,000-$70,000 could comfortably afford this home (based on a 28% front-end DTI ratio). It's ideal for those prioritizing a quiet, rural lifestyle with some modern amenities. Investors looking for rental properties could benefit from the potential 6.8% gross yield, which is above average for the area. The property would appeal to those who value outdoor space, with its half-acre lot, fenced yard, and herb garden.

Not For

This property is not suitable for larger families needing 3+ bedrooms or more than one bathroom. Buyers seeking modern, energy-efficient homes may find the lack of central AC and reliance on propane heating unappealing. It's not ideal for those prioritizing proximity to urban amenities or highly-rated schools (with local schools rated 5-6/10). Investors looking for immediate high-end rental income may find the current condition and size limiting. The property may not suit those with limited mobility, as it likely has no significant accessibility features given its age and style.
Demographics
Area Median Income

$53,472

Price Prediction Challenge

Think you know what 2375 Spring Cir will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 105°F

windMAJOR

Insurance: Required

fireMAJOR

Insurance: Required

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The major fire (5/10) and wind (6/10) risks could significantly impact insurance costs and availability. Future climate change effects may exacerbate these risks. The heat risk (6/10) could necessitate costly cooling system upgrades. The home's age (55 years) suggests potential for major system failures in the near future, including plumbing, electrical, and HVAC, with potential costs of $15,000-$25,000 over the next 5-10 years. The rural location may face challenges with internet connectivity and access to services. The significant price increase since 2005 (143%) may limit future appreciation potential, especially if local incomes don't keep pace.
Insurance
Annual Cost

$630

$52 per month

Financials

Monthly Costs

Price History

Property Taxes

$1,373
2023 Tax Assessment
14.2%from previous year
Assessed Value$44,027
Tax Rate3.12%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$210,999

20.6% above list price

Median Price

$210,999

Based on 2 recent sales

Price per Sq.Ft

$231

Comparable Properties

413 Hwy 72E, Comer, GA 30629
Price: $210,999
Sq.Ft: 912
Beds/Baths: 3/2
$/Sq.Ft:
$23132.3%
Sale Date: 10/9/2024
413 Highway 72 E, Comer, GA 30629
Price: $210,999
Sq.Ft: 912
Beds/Baths: 3/2
$/Sq.Ft:
$23132.3%
Sale Date: 10/9/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$5,247

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results