280 Durham Rd

1. EXTREME flood risk (9/10) is a major concern, potentially leading to very high insurance costs and future property damage. The FEMA Zone X_UNSHADED designation suggests it's outside the 100-year floodplain, but still at significant risk. 2. Annual flood insurance is likely to be extremely expensive, potentially $5,000-$10,000 or more, given the extreme risk rating. 3. The property has appreciated only 29.75% since its last sale in 2004 ($400,000 to $519,000), significantly underperforming compared to average home price increases in Guilford over the same period. 4. MAJOR wind risk (6/10) could lead to higher homeowners insurance premiums and potential storm damage. 5. The combination of extreme flood risk and major wind risk suggests a high vulnerability to coastal storms and hurricanes. 6. MAJOR heat risk (6/10) with 7 extremely hot days per year indicates potential discomfort and higher cooling costs, especially concerning given the lack of central AC. 7. The 10.4% price drop since initial listing suggests potential overvaluation or hidden issues discovered during the listing period. 8. Given the age of the home, major systems (plumbing, electrical, roof) may need significant updates or replacements in the near future, potentially costing $50,000 or more. 9. The estimated insurance cost of $1,868/year seems unusually low given the extreme flood and major wind risks, suggesting it may not include flood insurance. True insurance costs could be 3-5 times higher. 10. The property's unique style and potential need for updates may make it difficult to resell in the future, potentially leading to longer market times and lower appreciation.