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2830 E Louise Ave
Millcreek, UT

2830 E Louise Ave

$662,700
4 bd • 1 ba • 828 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$662,700

Price/Sq.Ft

$800

Year Built

AI Property Analysis

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

The Good

The property at 2830 E Louise Ave, Millcreek, UT 84109 boasts an excellent location in a desirable area with a median income of $109,926, indicating a stable and affluent neighborhood. The lot features mature trees and landscaping, providing natural shade and aesthetic appeal. At 828 sqft, the home offers a compact, potentially energy-efficient living space. The 4-bedroom layout in a small footprint suggests efficient use of space, which could appeal to those seeking a minimalist lifestyle or looking to maximize rental potential. The price of $662,700 translates to $800.36/sqft, which, while high, may reflect the property's location value and potential for expansion or redevelopment.

The Bad

The property's size of 828 sqft is significantly smaller than typical 4-bedroom homes, which may feel cramped for many families. With only one bathroom for four bedrooms, the layout is highly unusual and potentially inconvenient for a family or multiple occupants. The lack of detailed information about the year built, property features, and utilities suggests potential hidden issues or outdated systems that could require significant investment. The price per square foot of $800.36 is exceptionally high for the area, potentially indicating overpricing or unique circumstances not evident from the available data.

The Ugly

The extreme disparity between the number of bedrooms (4) and bathrooms (1) raises serious concerns about the property's layout and functionality. This imbalance could severely impact daily living and potentially limit the property's appeal and value. The lack of information about the year built and property features suggests the home might be very old or in poor condition, potentially requiring extensive renovations or even a complete rebuild to meet modern standards. The high price of $662,700 for such a small home (828 sqft) with these limitations indicates a potential market bubble or unrealistic seller expectations, which could lead to difficulties in financing or future resale.

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 might be best suited for: 1. Investors looking for a redevelopment opportunity in a desirable area, potentially to tear down and rebuild or extensively renovate. 2. Small families or individuals who prioritize location over space and are willing to invest in significant renovations. 3. Buyers interested in a minimalist lifestyle who value location and are comfortable with compact living spaces. 4. Real estate developers who see potential in the lot for multi-unit development, subject to local zoning laws.

Not For

This property is not suitable for: 1. Large families requiring spacious living areas and multiple bathrooms. 2. Buyers seeking a move-in ready home without the need for major renovations. 3. Individuals looking for a typical 4-bedroom home with standard amenities. 4. First-time homebuyers or those with limited budgets, given the high price and potential renovation costs. 5. Investors looking for immediate rental income without significant upfront investment.
Demographics
Area Median Income

$109,926

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Risk Assessment

Risk Analysis

1. Overvaluation risk: The price per square foot ($800.36) is exceptionally high, which could lead to financing challenges and future resale difficulties. 2. Renovation costs: Given the unusual layout and lack of information, extensive renovations may be necessary, potentially costing hundreds of thousands of dollars. 3. Zoning and permit issues: Any major renovations or redevelopment plans may face challenges with local zoning laws and building permits. 4. Market volatility: The high price point makes the property vulnerable to market downturns, potentially leading to negative equity. 5. Structural issues: The lack of information about the year built and features suggests potential hidden structural problems that could be costly to address. 6. Financing challenges: Traditional lenders may be hesitant to finance a property with such unusual characteristics, potentially requiring alternative financing methods. 7. Resale difficulties: The unique and potentially impractical layout may significantly limit the pool of future buyers, affecting long-term value and liquidity.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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