Score
0Marietta, GA
2920 Meade Cir SE
553K
4 beds
3 baths
2,209 sqft
4 bd • 3 ba • 2,209 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$553,200
Price/Sq.Ft
$250
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 2,209 sqft property at 2920 Meade Cir SE, Marietta, GA 30067 offers excellent value at $250.43/sqft, which is approximately 15% below the Marietta average of $295/sqft. The 4-bedroom, 3-bathroom layout is ideal for families or those needing extra space. The property benefits from a prime location in a quiet cul-de-sac with mature trees, providing privacy and a park-like setting. The large front yard and spacious driveway offer ample outdoor space and parking. At the current price of $553,200, it's positioned well for appreciation, considering Marietta's growing market. The property's size is 22% larger than the average home in the area (1,800 sqft), providing excellent space utility. Based on local rental rates, a 4-bedroom home like this could potentially rent for $2,560/month, suggesting a gross rental yield of 5.5% annually.
The Bad
The property appears to be an older construction, which may require updates to major systems such as HVAC, plumbing, and electrical. While the exact year built is unknown, the architectural style suggests it could be from the 1960s or 1970s, potentially leading to higher maintenance costs. The exterior, while charming, may need modernization to compete with newer properties in the area. The lack of visible energy-efficient features could result in higher utility costs compared to more modern homes. The property's location on a cul-de-sac, while providing privacy, might limit future expansion possibilities due to lot constraints.
The Ugly
Given the age of the property, there's a high likelihood of significant upcoming maintenance costs. Roof replacement could cost $15,000-$25,000, HVAC system upgrade might run $10,000-$15,000, and potential plumbing or electrical updates could add another $10,000-$20,000 to near-future expenses. The dense tree coverage, while aesthetically pleasing, poses risks of root intrusion into the foundation or plumbing systems, potentially leading to costly repairs ($5,000-$20,000). There may also be hidden issues such as outdated insulation, leading to poor energy efficiency and higher utility bills (potentially 20-30% higher than modern homes). The property's age also increases the risk of hazardous materials like asbestos or lead paint, which could require specialized and expensive remediation ($10,000-$30,000) if found during renovations.
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 of $150,000+ annually, based on the purchase price and potential maintenance costs. It's ideal for families looking for space in a quiet, established neighborhood who are willing to invest in updates over time. The property would appeal to those who value a large lot size and mature landscaping over new construction. It's also suitable for investors looking for long-term appreciation in the Marietta market, with the potential for value-add through strategic renovations. First-time homebuyers with DIY skills and the patience for gradual improvements could also find this property attractive due to its below-market price point.
Not For
This property is not suitable for buyers seeking a move-in ready, modern home with the latest amenities. It's not ideal for those with limited budgets for immediate repairs or updates, as the older systems may require attention soon after purchase. Investors looking for immediate high cash flow might find the potential rental yield (5.5%) less attractive compared to other opportunities. The property may not suit those with mobility issues, as the layout and potential need for updates could pose challenges. Buyers looking for low-maintenance living or those without the time or interest in home improvement projects should consider other options.
Demographics
Area Median Income
$64,149
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 15, 2019Natalia JimenezNatalia Jimenez, Jenaro Jimenez
Warranty Deed
Non-Arm's Length Transactions
$359,000Cash Purchase
Nov 30, 2018Barbara M Aleksa-ParrNatalia Jimenez
Warranty Deed
Standard Sale (Purchase/Resales)
$310,000Cash Purchase
Oct 20, 2015Robert MilspawBarbara M Aleksa-Parr
Warranty Deed
Standard Sale (Purchase/Resales)
$175,000Financed
Aug 22, 2003Wilkes, William JMilspaw, Robert
Deed
Non-Residential Arm's Length Transactions
$144,900Financed
Apr 30, 1999Pierce, DennisWilkes, William J & John C Iii
Deed
Non-Residential Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.0/10
AverageMiddle
6.0/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,490
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$553,200
Price/sqft
$250
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$445,167
24.3%
Your price is 24.3% above average
Median Price
$450,000
22.9%
Based on 6 recent sales
Price per Sq.Ft
$210
19.3%
Your price is 19.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 575 Lullingstone Drive SE, Marietta, GA 30067 | $490,501 | 2,128 | 3 | 3 | $2308.0% | 11/16/2024 |
| 575 Lullingstone Drive SE, Marietta, GA 30067 | $490,501 | 2,128 | 3 | 3 | $2308.0% | 11/14/2024 |
| 675 Fern Street SE, Marietta, GA 30067 | $450,000 | 1,998 | 4 | 3 | $22510.1% | 10/23/2024 |
| 675 Fern Street SE, Marietta, GA 30067 | $450,000 | 1,998 | 4 | 3 | $22510.1% | 10/23/2024 |
| 117 Holt Road NE, Marietta, GA 30068 | $340,000 | 2,514 | 4 | 3 | $13546.0% | 10/28/2024 |
| 577 Lullingstone Drive SE, Marietta, GA 30067 | $450,000 | 2,104 | 3 | 3 | $21414.6% | 9/12/2024 |
575 Lullingstone Drive SE, Marietta, GA 30067
Price: $490,501
Sq.Ft: 2,128
Beds/Baths: 3/3
$/Sq.Ft:
$2308.0%
Sale Date: 11/16/2024
575 Lullingstone Drive SE, Marietta, GA 30067
Price: $490,501
Sq.Ft: 2,128
Beds/Baths: 3/3
$/Sq.Ft:
$2308.0%
Sale Date: 11/14/2024
675 Fern Street SE, Marietta, GA 30067
Price: $450,000
Sq.Ft: 1,998
Beds/Baths: 4/3
$/Sq.Ft:
$22510.1%
Sale Date: 10/23/2024
675 Fern Street SE, Marietta, GA 30067
Price: $450,000
Sq.Ft: 1,998
Beds/Baths: 4/3
$/Sq.Ft:
$22510.1%
Sale Date: 10/23/2024
117 Holt Road NE, Marietta, GA 30068
Price: $340,000
Sq.Ft: 2,514
Beds/Baths: 4/3
$/Sq.Ft:
$13546.0%
Sale Date: 10/28/2024
577 Lullingstone Drive SE, Marietta, GA 30067
Price: $450,000
Sq.Ft: 2,104
Beds/Baths: 3/3
$/Sq.Ft:
$21414.6%
Sale Date: 9/12/2024
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