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2642 Alabama Ave
Score
0
Dallas, TX

2642 Alabama Ave

375K
4 bd • 3 ba • 2,034 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

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List Price

$375,000

Price/Sq.Ft

$184

Year Built

2024

AI Property Analysis

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

The Good

• New Construction (2024): Being newly built, the property benefits from modern construction standards, updated building codes, and potentially lower maintenance costs compared to older homes. • Smart Home Features: The inclusion of smart locks and solar-powered cameras enhances security and convenience, appealing to tech-savvy buyers. • Included Kitchen Appliances: Having all necessary kitchen appliances included saves buyers the expense and hassle of purchasing them separately. • Master Suite Features: The master bedroom boasts desirable features like a fireplace, dual sinks, a separate shower, and a walk-in closet, offering a comfortable and luxurious retreat. • Open Floor Plan: The spacious design connecting the living room and kitchen creates an inviting and functional space for socializing and entertaining.

The Bad

• Low School Ratings: The assigned schools (Clinton P Russell Elementary, Boude Storey Middle School, and South Oak Cliff High School) have low ratings (2-3/10), which may deter families with children who prioritize education. This is significantly below the Dallas ISD average. • Limited Lot Information: The listing lacks details about the lot size and features. A small lot could limit outdoor space and future expansion possibilities. • Unclear HOA Status: The listing doesn't specify whether there's a Homeowners Association (HOA). If an HOA exists, fees and restrictions could impact affordability and lifestyle. The absence of an HOA could also be a negative for some buyers. • Location relative to amenities: While the location is not specified, the provided context mentions Urban Sprawl and limited public transportation options.

The Ugly

• Lengthy Time on Market with Multiple Price Reductions: The property has been on the market for 142 days with a series of price decreases from an initial listing price of $455,000 down to $375,000. This suggests potential issues with the property's perceived value or underlying problems that are deterring buyers. The total price reduction is approximately 17.6%, which is significant. • Low Median Income Area: The median income in the 75216 zip code is $31,063, which is considerably lower than the Dallas average. This could indicate a challenging economic environment and potential affordability issues for some buyers. • Major Wind Risk: A wind risk score of 6/10 is relatively high, and could translate into higher insurance premiums. • School Quality Concerns: The schools in the area have low ratings. The property's proximity to the airport could also be a detriment.

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

• First-time Homebuyers: The property's modern construction (2024), smart home features, and included appliances offer an appealing entry point into homeownership, with an estimated insurance cost of $1350/year. • Families with Children: The 4-bedroom layout, including a Jack and Jill bathroom connecting two bedrooms, provides ample space for a growing family. While school ratings are low (2-3/10), the proximity to Clinton P Russell Elementary School (0.5 miles) offers convenience. • Tech-Savvy Individuals: The smart home features, cable/internet availability, and solar-powered cameras cater to those seeking a connected and secure living environment. • Buyers Seeking New Construction: Built in 2024, the property offers the benefits of modern building codes and minimal immediate maintenance concerns compared to older homes in the area. • Buyers Comfortable with Estimated Monthly Costs of $2,500+: Individuals who have evaluated their budgets and can manage these expenses without exceeding their personal debt-to-income preferences (around 33%)—including mortgage, taxes, and insurance.

Not For

• Buyers Prioritizing Top-Rated Schools: The assigned schools have low ratings (2-3/10), which may not meet the needs of families seeking high-performing educational institutions. • Buyers Requiring Ample Storage: While the master bedroom features a walk-in closet, the description doesn't mention storage space in other areas of the home. Those needing extensive storage might find it lacking. • Buyers Seeking Established Neighborhoods: As a new construction, the surrounding area may still be undergoing development, with fewer mature trees and established community amenities. • Buyers on Extremely Tight Budgets: While the price per square foot appears attractive, the total cost of ownership (including mortgage, taxes, insurance, and potential HOA fees) should be carefully evaluated. The median income in the area is relatively low ($31,063), which could indicate affordability challenges for some buyers. • Buyers Sensitive to Airport Noise: Depending on the exact location within the 75216 zip code, potential noise from DFW or Love Field airports could be a concern.
Demographics
Area Median Income

$31,063

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 12, 2024
Tony WhiteTony Whites Repair Contract Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Nov 7, 2020
Topletz InvestmentsTony White
Special Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$3,458
2024 Tax Assessment
30.4%from previous year
Assessed Value$154,710
Tax Rate2.24%

Sunlight Analysis

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Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

4.3/10
Average

Middle

4.0/10
Average

High

2.5/10
Below Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,259

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