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2420 Sunnyfield Ct
Hillsborough, NC

2420 Sunnyfield Ct

$378,600
2 bd • 2 ba • 1,237 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$378,600

Price/Sq.Ft

$306

Year Built

AI Property Analysis

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

The Good

The property at 2420 Sunnyfield Ct, Hillsborough, NC offers several positive aspects: 1. Price point: At $378,600, it's priced competitively for the area, considering the median income of $88,767. This represents a price-to-income ratio of 4.26, which is relatively affordable for the region. 2. Size efficiency: With 1,237 sq ft for a 2-bedroom home, it offers a good balance of space without excess square footage to maintain. This is particularly appealing for small families, couples, or downsizers. 3. Price per square foot: At $306.06/sq ft, it's competitively priced compared to many newer constructions in the area, which often exceed $350/sq ft. 4. Location: Hillsborough is known for its charming small-town feel and growing population, which can contribute to property value appreciation. 5. Rental potential: Based on local rental rates, a 2-bedroom property like this could potentially rent for around $1,315/month, offering a gross rental yield of approximately 4.2% annually. 6. Modern aesthetics: The image shows a living room with contemporary design elements, including a skylight, modern ceiling fan, and updated color scheme, suggesting recent renovations or good maintenance. 7. Natural light: The skylight and what appears to be large windows provide ample natural light, a desirable feature for many buyers. 8. Open floor plan: The image suggests an open concept living area, which is popular among today's buyers and can make the space feel larger.

The Bad

1. Limited information: The lack of details about the year built, property features, and utilities makes it challenging to fully assess the property's condition and potential maintenance needs. 2. Smaller size: At 1,237 sq ft, it's smaller than many family homes in the area, which could limit its appeal to larger families or those needing more space. 3. Potential for higher property taxes: Orange County, where Hillsborough is located, is known for relatively high property taxes. This could increase the overall cost of ownership. 4. Limited bedrooms: With only 2 bedrooms, it may not meet the needs of larger families or those requiring additional rooms for home offices or guests. 5. Possible historic district restrictions: If the property is within Hillsborough's historic district, renovations or changes may require approval, potentially limiting future modification options. 6. Unknown age: Without knowing the year built, it's impossible to gauge potential age-related issues or necessary updates to major systems like HVAC, plumbing, or electrical. 7. Lack of mentioned features: The absence of listed features suggests the property may lack amenities like a garage, outdoor space, or modern appliances, which could be drawbacks for some buyers. 8. Potential for higher insurance costs: Depending on the age and construction of the home, insurance costs could be higher than average, especially if located in a flood-prone area.

The Ugly

1. Unknown utility systems: The lack of information about utilities raises concerns. If the property relies on well water and a septic system, as is common in more rural parts of Hillsborough, this could lead to significant maintenance costs. A new septic system can cost $10,000-$25,000, while well issues can run into thousands. 2. Potential hidden issues: Without knowing the age of the home or its history, there could be significant hidden problems like outdated wiring, plumbing issues, or structural concerns. These could result in major unexpected expenses. 3. Possible flood risk: Some areas of Hillsborough are prone to flooding. If this property is in such an area, it could lead to much higher insurance premiums (potentially $1,000-$3,000 annually) and the risk of costly damage. 4. Market volatility: While Hillsborough is growing, small towns can be more susceptible to market fluctuations. A downturn could disproportionately affect property values, potentially leading to negative equity. 5. Limited appreciation potential: If the home is significantly older or in need of major updates, it may not appreciate as quickly as newer or more updated properties in the area. 6. Potential zoning or land use issues: Without more information, there could be unknown zoning restrictions or easements that limit the use or future development of the property. 7. High ownership costs: When factoring in potential property taxes (which could be $4,000-$6,000 annually in Orange County), insurance, and maintenance for an older home, the total monthly ownership costs could exceed $2,500, which is nearly 34% of the median monthly income in the area. 8. Infrastructure concerns: If the property is in a rapidly growing area of Hillsborough, there may be strain on local infrastructure, potentially leading to issues with roads, schools, or other public services in the future.

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: With a price point below $400,000, it's accessible for many first-time buyers in the area, especially considering the median income of $88,767. 2. Young professionals or couples: The 2-bedroom layout and modern aesthetics cater well to singles or couples starting out. 3. Remote workers: If one of the bedrooms can be used as a home office, it's ideal for the growing remote work population. 4. Downsizers: Empty nesters or retirees looking to reduce their living space and maintenance responsibilities might find this property appealing. 5. Investors: With a potential gross rental yield of 4.2%, it could be attractive for investors looking for rental income in a growing market. 6. History enthusiasts: Buyers who appreciate Hillsborough's historic charm and are willing to navigate potential historic district regulations might be drawn to this property. 7. Low-maintenance seekers: The relatively small square footage suggests lower maintenance costs and efforts compared to larger homes. 8. Commuters to nearby cities: Those working in Durham, Chapel Hill, or even Raleigh might find Hillsborough's location and this property's price point attractive.

Not For

This property is not ideal for: 1. Large families: With only 2 bedrooms and 1,237 sq ft, it's too small for families needing 3+ bedrooms or more living space. 2. Luxury buyers: Those seeking high-end finishes, expansive space, or premium amenities will likely find this property lacking. 3. Fixer-upper enthusiasts: The modern appearance suggests it doesn't need major renovations, which may disappoint buyers looking for a project. 4. Multi-generational households: The limited space makes it unsuitable for families planning to house multiple generations under one roof. 5. Home business operators: Unless zoning allows it, the residential nature and size may not accommodate those needing space for a home-based business. 6. Buyers seeking new construction: This property, likely older, won't appeal to those specifically wanting a brand-new home with modern building standards. 7. Hobby enthusiasts needing space: Those with space-intensive hobbies (e.g., woodworking, art studios) may find the square footage limiting. 8. Buyers with mobility issues: Without knowing if it's single-level or has accessibility features, it may not suit those with mobility concerns.
Demographics
Area Median Income

$88,767

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Risk Assessment

Risk Analysis

1. Unknown age and condition: Without knowing the year built, there's a risk of unexpected major system failures (HVAC, plumbing, electrical). These could cost $5,000-$15,000 each to replace. 2. Potential historic district restrictions: If in Hillsborough's historic district, renovations could be costly and time-consuming due to regulatory approvals. This could add 20-30% to renovation costs and months to timelines. 3. Flood risk: Some areas of Hillsborough have higher flood risks. If applicable, flood insurance could add $1,000-$3,000 annually to ownership costs. 4. Market volatility: Small town markets can be more volatile. A 10-15% market downturn could significantly impact equity, especially problematic if the buyer is putting down a small down payment. 5. Infrastructure strain: Hillsborough's growth could lead to overcrowded schools or increased traffic. This might affect quality of life and future resale value. 6. Utility systems: If on well water and septic, these systems could require expensive maintenance or replacement ($10,000-$25,000 for a new septic system). 7. Zoning changes: Future zoning changes could affect property use or value, particularly if the area is seeing rapid development. 8. Insurance costs: Depending on age and construction, insurance could be higher than expected, potentially $1,000-$2,000 annually. 9. Property tax increases: Orange County has relatively high property taxes that could increase, affecting affordability over time. 10. Limited appreciation: If significant updates are needed, the property might not appreciate as quickly as newer homes in the area.

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