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.
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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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,150
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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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