275 S Wallace Blvd
This analysis was generated on 3/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:00Property Overview
Current Price
$424,900
Fair Range
$380,000 - $420,000
Negotiation Leverage
5 points to consider in your offer
Recommended Offer
AI Rationale
The offer accounts for renovation costs and market conditions. The seller might be motivated given the market's slight cooling and average DOM.
Visual Insights
AI-analyzed spaces with reimagining capabilities
Dated Bathroom
The bathroom has a dated vanity and pink paint, which may not appeal to all buyers.
Drop Ceiling and Old Carpet
The basement has a drop ceiling which can hide potential issues like plumbing leaks or mold. The carpet is dated and could be hiding moisture.
Outdated Laundry Area
The laundry area has yellow walls and dated cabinets. The floor tiles are also outdated.
Dehumidifier
The presence of a dehumidifier suggests potential moisture issues in the basement.
Overgrown Landscaping
The exterior landscaping is overgrown and needs attention.
Renovation Assessment
Prioritized renovations based on property inspection and market impact.
High Priority Renovations
No required renovations identified
Note: these are rough estimates. For more accurate estimates, please contact a professional.
Ownership History
Previous ownership changes and transaction details
Pricing History
Historical pricing trends for this property
Monthly Costs
Interactive breakdown of estimated monthly expenses
Upfront Transaction Costs
Estimated costs due at closing, including down payment and fees
* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.
** Buyer agent fees are negotiable and may sometimes be covered by the seller.
Buyer Power Index
Price Trajectory
Historical Market Pulse
Key metrics over time, revealing market momentum and patterns
Negotiation Insight
Days on market increasing 78.0% over the past 3 months suggests growing buyer leverage.
Subject Property
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$294,500
Your price is 44.3% above average
Median Price
$340,000
Based on 2 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 |
|---|---|---|---|---|---|---|
| 505 Emmet Street, Ypsilanti, MI 48197 | $340,000 | N/A | N/A | N/A | N/A | 1/15/2025 |
| 418 Olive Street, Ypsilanti, MI 48197 | $249,000 | N/A | N/A | N/A | N/A | 12/30/2024 |
Schools
Nearby school quality by education level
High
Climate Risks
Assessment of climate-related hazards for this property
Moderate Risk Profile
This property has 0 severe, 0 major, and 3 moderate risk factors
Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.
Sunlight Analysis
Data provided by Shadowmap
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Tour Checklist
Key items to inspect during your property tour
Inspect the basement for signs of moisture, especially around the perimeter walls and under the drop ceiling. Pay close attention to the area around the dehumidifier.
Thoroughly inspect the roof, looking for missing, damaged, or curling shingles. Check for any signs of leaks or water damage in the attic.
Inspect the foundation for cracks, settling, or other signs of structural damage.
Questions to Ask
Important questions to ask during the tour
What is the age of the roof, and when was it last inspected? Are there any warranties on the roof?
Has the basement ever experienced water intrusion or flooding? If so, what measures were taken to address the problem?
Given the moderate flood risk, what is the current flood insurance situation for the property? Is it required, and what is the annual premium?
Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.
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.
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