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275 Hoym St APT 3E
Score
68
Fort Lee, NJ

275 Hoym St APT 3E

379K
1 bd • 1 ba • sf

This analysis was generated on 3/18/2025. 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

$379,000

Price/Sq.Ft

$379,000

Year Built

AI Property Analysis

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

The Good

• Price Position: Price per square foot is unavailable due to missing square footage data, preventing comparison to similar properties. • Appreciation Trend: Property sold for $242,500 in 2005 and listed for $379,000 in 2025, representing a 56.3% increase over 20 years. This equates to approximately 2.2% annual appreciation, but does not account for inflation or market fluctuations. • Rental Income: $2,210/month with 99% occupancy (0.1% cap rate) • Schools: The high ratings of School No. 1 (9/10) likely add a premium to property values in this area. Proximity to well-regarded schools is a strong selling point. The impact of Fort Lee High School's rating (6/10) is less clear but could be a factor for families with older children. • Future Development: The property is located a block away from downtown Fort Lee, indicating proximity to commercial and retail areas. No specific planned developments are mentioned in the provided data, but downtown areas often see ongoing improvements and updates. • The unit has a functional layout, but the flow could be improved with some remodeling. The kitchen is somewhat cramped and could be opened up to the living area. The bedroom is adequately sized and has decent natural light.

The Bad

• Bathroom Renovation (HIGH priority): $12,000 • Kitchen Renovation (HIGH priority): $15,000 • Carpet Replacement (MEDIUM priority): $3,000 • Paint Walls and Trim (MEDIUM priority): $2,000 • Lack of square footage information makes it difficult to accurately assess the price and compare it to similar properties. • The property is being sold 'As-Is,' which may require potential buyers to factor in renovation costs. • Moderate air quality risk (4/10) and major heat/wind risks (6/10) may impact insurance costs and long-term maintenance.

The Ugly

• Climate Risk: Flood insurance is not critical due to the minimal flood risk (FEMA Zone X_UNSHADED). Fire risk is also minimal. However, the major wind risk suggests that homeowners insurance premiums may be higher than average. Obtain quotes to assess the specific impact.
Outdated Kitchen Appliances and Cabinets

Outdated Kitchen Appliances and Cabinets

The kitchen appliances are old and may be nearing the end of their lifespan. The cabinets are dated and the overall condition is poor.

Worn Carpet

Worn Carpet

The carpet in the living area is dated, stained, and worn, indicating a need for replacement.

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

Rental Property Investors: Potential annual revenue of $26,520 with 99% occupancy rate Value Investors: Projected 14.8% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $32,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$92,456

Property History

Price History
Ownership Timeline
$242,500Financed
Mar 11, 2005
Frank Devito JrSeong Kim
Deed
Standard Sale (Purchase/Resales)

Property Taxes

$5,318
2024 Tax Assessment
5.4%from previous year
Assessed Value$204,000
Tax Rate2.61%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Schools

Nearby school quality by education level

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (1 bed)

$2,210

Get a detailed estimate on Zillow
HOA Fee

$433

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Location & Comparables

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