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2709 Carlton Ave NE
Score
0
Grand Rapids, MI

2709 Carlton Ave NE

310K
3 bd • 1 ba • 1,874 sf

This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$309,800

Price/Sq.Ft

$165

Year Built

AI Property Analysis

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

The Good

The property offers 3 bedrooms, making it suitable for a family or those needing extra space. The size of 1,874 sqft provides ample living space. The price per square foot ($165.31) is attractive, especially compared to the median home prices in the Grand Rapids area. The presence of a garage is a valuable asset, especially in Michigan. Based on the provided image, the home looks well-maintained on the exterior. The property also appears to have a decent sized front yard and mature landscaping.

The Bad

The most significant drawback is the lack of specific property details, including the year built and the condition of major systems. The single bathroom may be a limiting factor for larger families or those seeking modern amenities. The absence of listed property features could mean a lack of upgrades or desirable amenities. The property's age is unknown, and may be a risk for higher renovation costs. The lack of room details makes it hard to assess the layout and flow of the home. The lack of utility information makes it difficult to estimate monthly costs.

The Ugly

The unknown year built is a major concern, as it could indicate older systems in need of replacement. The lack of detailed information on the property's condition makes it hard to assess the true cost of ownership. Potential issues with flooding, radon, and lead paint could add significant costs. The single bathroom is a drawback for larger families and could limit the resale value. Without a detailed inspection, the property could have hidden issues that require expensive repairs. The property might require significant renovations if the interior is outdated, leading to higher costs and delays. There is a possibility of it being located in an area with higher property taxes.

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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

This property is best suited for buyers with a household income above $100,000, given a conservative 33% debt-to-income ratio. It’s ideal for those seeking a single-family home with 3 bedrooms and 1 bathroom, and a need for a garage. The property's size (1,874 sqft) works well for small families or couples with a need for extra space. The price per square foot ($165.31) suggests a potentially reasonable entry point for the area. Investors should note the potential for rental income based on the local three-bedroom rental rate of $1,576 per month, potentially yielding a gross annual return of 6.1% before expenses.

Not For

This property is not ideal for buyers requiring more than one bathroom or those seeking a smaller home. Families with young children should be aware of the potential for lead paint in older homes and factor in the cost of testing and mitigation. Buyers with a low tolerance for risk should be cautious due to the unknown age and potential for hidden issues. The lack of specific property details should be a red flag for buyers who prefer turnkey properties. Buyers seeking a high-end or luxury home should look elsewhere.
Demographics
Area Median Income

$59,261

Property History

Price History
Ownership Timeline
$185,000Financed
May 30, 2017
Jeremy HughesRemington Steed, Joy Steed
Warranty Deed
Standard Sale (Purchase/Resales)
$117,500Financed
Jul 19, 2006
The Diane Christian TrustJeremy Hughes
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

The unknown year built is a major risk factor. It could mean older systems (roof, HVAC, plumbing, electrical) that will need replacement soon, potentially costing $20,000+. The lack of property details makes it difficult to assess the condition, and a comprehensive inspection is essential. The proximity to the Grand River should raise concerns for potential flooding, and a flood risk assessment is necessary. Radon testing is recommended, and lead paint inspection is a must if the home was built before 1978. The lack of recent upgrades makes this property a candidate for higher maintenance costs. The competitive market may require acting quickly and potentially bidding above asking price.

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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$310 monthly
$83 monthly

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Financials

Monthly Costs
Market Rent (3 bed)

$1,576

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$309,800
Price/sqft
$165
Layout
3 bd•1 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$298,750

3.7%

Your price is 3.7% above average

Median Price

$280,000

10.6%

Based on 6 recent sales

Price per Sq.Ft

$173

4.4%

Your price is 4.4% below average $/sqft

Comparable Properties

1149 Northwood Street NE, Grand Rapids, MI 49505
Price: $301,000
Sq.Ft: 1,613
Beds/Baths: 4/1
$/Sq.Ft:
$18712.9%
Sale Date: 12/3/2024
3117 Waterford Avenue NE, Grand Rapids, MI 49505
Price: $276,500
Sq.Ft: 1,922
Beds/Baths: 3/1
$/Sq.Ft:
$14413.0%
Sale Date: 10/16/2024
1927 3 Mile Road NE, Grand Rapids, MI 49505
Price: $380,000
Sq.Ft: 2,043
Beds/Baths: 3/1
$/Sq.Ft:
$18612.5%
Sale Date: 10/30/2024
865 Kendalwood Street NE, Grand Rapids, MI 49505
Price: $275,000
Sq.Ft: 1,763
Beds/Baths: 3/1
$/Sq.Ft:
$1565.6%
Sale Date: 10/7/2024
2132 Eastern, Grand Rapids, MI 49505
Price: $280,000
Sq.Ft: 1,531
Beds/Baths: 3/1
$/Sq.Ft:
$18310.6%
Sale Date: 11/7/2024
2132 Eastern Avenue NE, Grand Rapids, MI 49505
Price: $280,000
Sq.Ft: 1,531
Beds/Baths: 3/1
$/Sq.Ft:
$18310.6%
Sale Date: 11/7/2024

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