Score
0Williamsville, NY
248 N Long St
270K
4 beds
2 baths
1,756 sqft
4 bd • 2 ba • 1,756 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
$270,000
Price/Sq.Ft
$154
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Spacious Size:** At 1,756 square feet with 4 bedrooms and 2 bathrooms, the house offers ample living space for a family. This is a good size for the area.
• **Competitive Price per Square Foot:** The price per square foot of $153.76 is relatively attractive compared to other homes in the area, potentially indicating a good value.
• **Rental Income Potential:** With median 4-bedroom rental rates at $1940/month, the property offers the potential to generate rental income, offsetting mortgage costs.
• **Desirable Location:** Williamsville is a sought-after suburb known for its excellent schools, parks, and local businesses.
• **Strong Median Income:** The high median income of $89,001 in Williamsville suggests a stable and affluent community.
The Bad
• **Unknown Build Year:** The missing build year makes it difficult to assess the property's condition and potential maintenance needs. Older homes often require more repairs and updates.
• **Lack of Property Details:** The absence of property features, room details, and utility information limits the ability to evaluate the home's layout, amenities, and functionality.
• **No Property Description:** The missing description prevents a clear understanding of the home's unique characteristics, recent improvements, or potential drawbacks.
• **High Property Taxes:** Williamsville is known for having relatively high property taxes, which can significantly impact affordability. The actual tax amount is unknown and needs to be researched.
• **Competition:** Williamsville is a desirable suburb, so expect competition, especially for well-maintained homes. Buyers may need to move quickly and offer above asking price.
The Ugly
• **Potential for High Renovation Costs:** Given the unknown build year and lack of property details, the house may require significant renovations, potentially leading to substantial expenses. This is especially true for older homes in Williamsville.
• **Risk of Unexpected Repairs:** Without knowing the age and condition of the property, there's a higher risk of encountering unexpected repairs, such as roof replacement, foundation issues, or plumbing problems.
• **Potential for Lead Paint or Asbestos:** If the house was built before 1978, there's a risk of lead paint. Asbestos may also be present in older homes. Remediation can be costly.
• **Unknown Utility Costs:** The absence of utility information makes it difficult to estimate monthly expenses. Utility costs can vary significantly depending on the home's age, insulation, and energy efficiency.
• **Flood Risk:** Parts of Williamsville are prone to flooding. If the property is located in a flood plain, flood insurance will be required and can add significantly to monthly expenses.
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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 family home in a desirable suburban location: The 4-bedroom layout provides ample space, and Williamsville is known for its excellent schools and family-friendly environment.
• Individuals looking for a property with rental income potential: With median 4-bedroom rental rates at $1940/month, renting out rooms could offset mortgage costs.
• Buyers who appreciate a walkable neighborhood with access to amenities: Williamsville offers a mix of local businesses, parks, and services within a reasonable distance.
• Those comfortable with older homes and potential renovation projects: The unknown build year suggests it may require some updates and repairs.
• Buyers prepared to act quickly and competitively in a seller's market: Due to Williamsville's desirability, swift decision-making may be necessary to secure the property.
Not For
• Buyers seeking a modern, move-in-ready home: The unknown build year suggests potential updates or renovations may be needed.
• Individuals on a strict budget: High property taxes and potential renovation costs can strain finances.
• Buyers prioritizing low-maintenance properties: Older homes often require more upkeep and repairs.
• Those sensitive to noise or traffic: Further research is needed to determine the property's proximity to busy roads or commercial areas.
• Individuals seeking guaranteed appreciation: Market conditions can fluctuate, and property value is not guaranteed to increase.
Demographics
Area Median Income
$89,001
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 1, 2023Adam A ColeAdam A Cole, Alexandra Cole
Intrafamily Transfer
Non-Arm's Length Transactions
$270,000Financed
Dec 28, 2022Dennis P HarlowAdam A Cole
Warranty Deed
Standard Sale (Purchase/Resales)
$162,400Cash Purchase
Sep 17, 2015Patrick LesterDennis P Harlow
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 29, 2009Karen Smith, Karen LesterPatrick Lester
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• **Unknown Age & Condition:** Without knowing the build year or having property details, assessing the home's condition and potential maintenance needs is difficult. This increases the risk of unexpected repairs and expenses.
• **High Property Taxes:** Williamsville's high property taxes can significantly impact affordability. Factor this into your budget and understand how assessments work in the area. A higher assessment could lead to increased taxes.
• **Competition:** Williamsville is a desirable area, leading to competition among buyers. This might require quick decision-making and potentially offering above the asking price.
• **Older Housing Stock:** Much of Williamsville's housing stock is older, increasing the risk of issues like lead paint, asbestos, and outdated systems. Thorough inspections are crucial.
• **Weather:** Western New York experiences significant snowfall. This can lead to snow removal costs, driveway maintenance, and potential roof issues due to snow and ice buildup.
• **Flood Plains:** Parts of Williamsville are prone to flooding, particularly near Ellicott Creek. Check flood maps and consider flood insurance, which can add to expenses.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$270 monthly
$83 monthly
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow®$1,940
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$270,000
Price/sqft
$154
Layout
4 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$362,000
25.4%
Your price is 25.4% below average
Median Price
$379,000
28.8%
Based on 6 recent sales
Price per Sq.Ft
$219
29.8%
Your price is 29.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 211 Bentham Parkway E, Amherst, NY 14226 | $380,000 | 1,720 | 3 | 2 | $22143.7% | 12/6/2024 |
| 19 Sargent Drive, Amherst, NY 14226 | $417,000 | 1,728 | 4 | 2 | $24156.9% | 10/30/2024 |
| 36 Grant Road, Amherst, NY 14226 | $300,000 | 1,691 | 3 | 2 | $17715.4% | 9/26/2024 |
| 5 Parkwood Drive, Amherst, NY 14226 | $376,000 | 1,489 | 3 | 2 | $25364.2% | 11/6/2024 |
| 177 Columbia Drive, Amherst, NY 14221 | $379,000 | 1,920 | 3 | 2 | $19728.4% | 10/8/2024 |
| 137 Thistle Lea, Amherst, NY 14221 | $320,000 | 1,422 | 3 | 2 | $22546.4% | 10/30/2024 |
211 Bentham Parkway E, Amherst, NY 14226
Price: $380,000
Sq.Ft: 1,720
Beds/Baths: 3/2
$/Sq.Ft:
$22143.7%
Sale Date: 12/6/2024
19 Sargent Drive, Amherst, NY 14226
Price: $417,000
Sq.Ft: 1,728
Beds/Baths: 4/2
$/Sq.Ft:
$24156.9%
Sale Date: 10/30/2024
36 Grant Road, Amherst, NY 14226
Price: $300,000
Sq.Ft: 1,691
Beds/Baths: 3/2
$/Sq.Ft:
$17715.4%
Sale Date: 9/26/2024
5 Parkwood Drive, Amherst, NY 14226
Price: $376,000
Sq.Ft: 1,489
Beds/Baths: 3/2
$/Sq.Ft:
$25364.2%
Sale Date: 11/6/2024
177 Columbia Drive, Amherst, NY 14221
Price: $379,000
Sq.Ft: 1,920
Beds/Baths: 3/2
$/Sq.Ft:
$19728.4%
Sale Date: 10/8/2024
137 Thistle Lea, Amherst, NY 14221
Price: $320,000
Sq.Ft: 1,422
Beds/Baths: 3/2
$/Sq.Ft:
$22546.4%
Sale Date: 10/30/2024
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