Score
0Edmond, OK
2616 Amesbury Lake Dr
572K
4 beds
4 baths
4,043 sqft
4 bd • 4 ba • 4,043 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$571,800
Price/Sq.Ft
$141
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 4,043 sqft property at 2616 Amesbury Lake Dr, Edmond, OK offers exceptional value at $141.43/sqft, which is 31% below the median price of $205/sqft for similar homes in the area. With 4 bedrooms and 4 bathrooms, it provides ample space for a growing family or those who need extra rooms for home offices. The property is located in a well-established neighborhood with mature trees, as evident from the aerial image. Its location in Edmond grants access to highly-rated schools, with Edmond Public Schools consistently ranking among the top districts in Oklahoma. The median income of $97,648 in the area suggests a stable, affluent community, which typically correlates with lower crime rates and better-maintained public spaces.
The Bad
The lack of detailed information about the property's features, utilities, and systems is concerning. This absence of data could indicate potential hidden issues or outdated systems that may require significant investment. The year built is unknown, which raises questions about the age of major systems like HVAC, roofing, and plumbing. If the home is older, it may not meet current energy efficiency standards, potentially leading to higher utility costs. The aerial image shows a densely populated area, which might result in less privacy and potentially more noise compared to more spread-out neighborhoods.
The Ugly
Oklahoma's propensity for severe weather, including tornadoes and hailstorms, poses significant risks. The property's storm readiness is unknown, and installing a storm shelter could cost $3,000-$10,000. The clay soil common in Oklahoma can cause foundation issues, especially during drought or heavy rain periods. A thorough foundation assessment is crucial and potential repairs could run from $5,000 to over $20,000. The rapid growth in Edmond might lead to increased traffic congestion and strain on local infrastructure. If an HOA exists, there could be substantial fees and restrictions not yet disclosed, potentially adding hundreds of dollars 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
This property is best suited for families or individuals with a household income of $150,000+ annually, considering the $571,800 price tag and potential additional costs. It's ideal for those prioritizing space and good schools, possibly relocating from more expensive markets like California or New York, where this price point would be considered a bargain for a 4,000+ sqft home. The property could also appeal to multi-generational families needing separate living spaces or professionals requiring home offices. Investors looking for long-term appreciation in a growing suburb might also find this property attractive, with potential rental income of around $2,010 per month for a four-bedroom home based on local averages.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given the high purchase price and potential for additional expenses. It's also not ideal for individuals or couples seeking a low-maintenance lifestyle, as a large home typically requires more upkeep. Those prioritizing walkability or proximity to urban amenities may find the suburban location less appealing. Buyers sensitive to natural disaster risks or those unprepared for the potential costs associated with severe weather events should be cautious. Additionally, it may not be suitable for short-term investors looking for quick returns, as the high price point may limit rapid appreciation.
Demographics
Area Median Income
$97,648
Property History
Price History
Ownership Timeline
$0Cash Purchase
Aug 19, 2024Timothy Richard Matzell, Lynne Jeanine MatzellMatzell Family Trust
Quit Claim Deed
Non-Arm's Length Transactions
$2,850,000Cash Purchase
Aug 6, 2024Maas Family Revocable TrustCharles Anthony Brooks, Laurie Ann Brooks
Warranty Deed
Non-Residential Arm's Length Transactions
$395,000Cash Purchase
Apr 26, 2005Capstone LlcTimothy R Matzell, Lynne J Matzell
Special Warranty Deed
New Construction Residential Transactions
$38,000Cash Purchase
Oct 15, 2004Nova Development IncCapstone Llc
Special Warranty Deed
Non-Residential Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,010
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
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$571,800
Price/sqft
$141
Layout
4 bd•4 ba
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$52,500
989.1%
Your price is 989.1% above average
Median Price
$52,500
989.1%
Based on 1 recent sales
Price per Sq.Ft
N/A
No price per sq.ft data available
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 512 Owens Avenue, Edmond, OK 73013 | $52,500 | N/A | N/A | N/A | N/A | 12/10/2024 |
512 Owens Avenue, Edmond, OK 73013
Price: $52,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/10/2024
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
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results