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27 Hillsdale Dr
Sussex, NJ

27 Hillsdale Dr

$425,000
5 bd • 3 ba • sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$425,000

Price/Sq.Ft

$425000

Year Built

1978

AI Property Analysis

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

The Good

The property at 27 Hillsdale Dr, Sussex, NJ offers exceptional space with 5 bedrooms, including one on the first level, which is a rare find in the area. The two-car garage adds significant value, as many homes in the region only have single garages. The walkout basement provides additional living space and potential for customization. The property boasts a new oil tank, which is a substantial upgrade ($1,500-$2,500 value) that ensures efficient heating and reduces future replacement costs. The lovely deck overlooking a serene backyard setting enhances the property's appeal for outdoor living and entertainment. At $425,000, the price is 15.8% below its 2005 sale price of $505,000, potentially indicating room for appreciation. The property's climate risk scores are generally favorable, with a minimal flood risk (1/10) that's significantly better than many properties in New Jersey, potentially leading to lower insurance costs.

The Bad

The property has been on the market for 229 days, which is significantly longer than the average days on market for Sussex County (typically 60-90 days), suggesting potential pricing or condition issues. The listing lacks crucial information about the square footage, making it difficult to assess the price per square foot and compare it to market averages. The home was built in 1978, making it 47 years old, which may indicate the need for updates to major systems and appliances. The property relies on oil heating, which can be more expensive and less efficient than natural gas or electric heat pumps. The contingency on the seller finding a home could complicate and potentially delay the closing process for buyers.

The Ugly

The property's extended time on the market (229 days) and multiple price reductions (totaling a 10.5% decrease from the original listing price) suggest potential underlying issues or overpricing. The lack of square footage information is concerning and could indicate an attempt to obscure unfavorable comparisons. As an estate sale, there may be deferred maintenance or outdated features that aren't immediately apparent. The reliance on oil heating and a rented water softener could lead to higher ongoing costs. The moderate fire risk (3/10) and wind risk (4/10) may result in higher insurance premiums, estimated at $1,530 annually. The property's age (47 years) means major systems like the roof, HVAC, and plumbing may be nearing the end of their lifespans, potentially requiring significant investments in the near 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 large families or multi-generational households seeking ample space in a suburban setting. With 5 bedrooms and a bedroom on the first floor, it's ideal for those needing separate living areas or a home office. The walkout basement and two-car garage make it attractive for buyers who need extra storage or workshop space. Given the median income of $92,565 in the area, this property is accessible to households earning around $120,000 or more annually (based on a 28% front-end DTI ratio). It's well-suited for buyers who value a serene setting and are willing to invest in updates to customize the home to their preferences. The minimal flood risk makes it appealing to those concerned about climate-related issues.

Not For

This property is not suitable for first-time homebuyers or those on a tight budget, as the potential for needed updates and higher energy costs could strain finances. It's not ideal for investors looking for a quick flip, given the extended time on market and potential for required renovations. The oil heating system and potential inefficiencies make it unsuitable for extremely eco-conscious buyers or those prioritizing low utility costs. The property may not appeal to buyers looking for a modern, move-in ready home without the need for updates or those who prefer a more urban setting with walkable amenities.
Demographics
Area Median Income

$92,565

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Risk Assessment

Climate Risks

heatMODERATE

7 extreme heat days per year

98th percentile: 97°F

windMODERATE

Insurance: Recommended

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The most significant risks include potential major system failures due to the home's age, which could result in costly repairs or replacements (e.g., new roof: $10,000-$20,000, HVAC system: $5,000-$10,000). The oil heating system poses both financial and environmental risks, with potential for price volatility and higher carbon emissions. The moderate fire risk (3/10) and wind risk (4/10) could lead to insurance premiums 10-20% higher than properties with lower risk scores. The rented water softener represents an ongoing cost and potential water quality concerns. The contingency on the seller finding a home introduces uncertainty into the closing timeline, which could complicate financing or moving plans for the buyer. The lack of square footage information makes it difficult to accurately assess the property's value, potentially risking overpayment.
Insurance
Annual Cost

$1,530

$128 per month

Financials

Monthly Costs

Price History

Property Taxes

$10,082
2023 Tax Assessment
5.2%from previous year
Assessed Value$388,800
Tax Rate2.59%

Location & Comparables

Subject Property
View on Zillow

Frequently Asked Questions

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