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30551 Berghway Trl #112
Warren, MI

30551 Berghway Trl #112

$314,832
2 bd • 2 ba • 1,576 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

$314,832

Price/Sq.Ft

$200

Year Built

AI Property Analysis

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

The Good

This property stands out with its spacious 1,576 sqft layout, which is 30% larger than the average two-bedroom home in Warren (typically around 1,213 sqft based on rental data). At $199.77/sqft, it's priced competitively compared to the Warren average of $150-$200/sqft for similar properties. The exterior presents a high-end appearance with a mix of brick and stone facade, suggesting quality construction. The property features a bay window and an attached two-car garage, both of which add significant value. The landscaping appears well-maintained, with a manicured lawn and young trees, indicating pride of ownership and potential for appreciation as the landscaping matures. The property seems to be part of a newer development, which often comes with modern amenities and infrastructure.

The Bad

The property's price of $314,832 is significantly higher than Warren's median home value (typically around $170,000-$200,000), which may limit the pool of potential buyers. With only 2 bedrooms, it may not suit families looking for more space, potentially narrowing the market further. The lack of detailed information about the property's features, utilities, and systems is concerning and may indicate potential hidden issues or maintenance needs. The property's location in a newer development might mean higher property taxes and potentially stricter HOA regulations, which could increase the total cost of ownership.

The Ugly

Given Warren's industrial character, there's a risk of proximity to factories or industrial parks, which could affect air quality and property value. The lack of information about the year built is concerning - if it's a newer construction, it might have been built on previously industrial land, raising potential environmental concerns. Warren's relatively high property taxes could significantly increase the total cost of ownership. The area's vulnerability to economic shifts, particularly those affecting the auto industry, poses a long-term risk to property values. Some parts of Warren are in flood plains, and without specific information about this property's location, flood risk cannot be ruled out, potentially leading to high insurance costs.

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 at least $100,000, based on a 28% front-end debt-to-income ratio for a mortgage on a $314,832 home. It's ideal for young professionals or couples without children who prioritize space and modern amenities. The property could appeal to first-time homebuyers looking for a move-in ready home with room for future family growth. Investors might also find this attractive for high-end rentals, given the property's size exceeds the average for 2-bedroom units in Warren, potentially commanding rents above the $1,213 average for 2-bedroom properties.

Not For

This property is not suitable for large families needing 3+ bedrooms. With a price point of $314,832, it's out of reach for buyers with incomes below $80,000, which is above Warren's median income of $62,728. It's not ideal for investors seeking immediate high cash flow, as the purchase price may result in negative cash flow if used as a rental at current market rates. Buyers sensitive to potential industrial impacts or those seeking historic homes would likely find this property unsuitable.
Demographics
Area Median Income

$62,728

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Risk Assessment

Risk Analysis

The property's high price relative to Warren's median home value poses a risk of slower appreciation or potential loss of value in a market downturn. Warren's reliance on the auto industry means economic shifts could dramatically impact home values. The lack of information about the home's age and systems raises concerns about potential near-future maintenance costs. If located in or near a flood plain, insurance costs could be significantly higher. The potential for strict HOA regulations in a newer development could limit future property modifications or rentals. Environmental risks from nearby industrial areas could affect long-term health and property value.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$285,317

-9.4% below list price

Median Price

$292,000

Based on 6 recent sales

Price per Sq.Ft

$186

Comparable Properties

5277 HAWKSEYE Trace, Warren, MI 48092
Price: $340,000
Sq.Ft: 1,566
Beds/Baths: 2/2
$/Sq.Ft:
$2178.7%
Sale Date: 11/17/2024
30009 HERITAGE Parkway, Warren, MI 48092
Price: $230,000
Sq.Ft: 1,660
Beds/Baths: 2/2
$/Sq.Ft:
$13930.6%
Sale Date: 11/3/2024
30137 TRAILWOOD Drive, Warren, MI 48092
Price: $349,900
Sq.Ft: 1,643
Beds/Baths: 3/2
$/Sq.Ft:
$2136.6%
Sale Date: 10/20/2024
29712 HERITAGE Parkway, Warren, MI 48092
Price: $250,000
Sq.Ft: 1,660
Beds/Baths: 2/2
$/Sq.Ft:
$15124.6%
Sale Date: 10/18/2024
4704 AUDUBON Drive, Warren, MI 48092
Price: $250,000
Sq.Ft: 1,363
Beds/Baths: 3/2
$/Sq.Ft:
$1838.2%
Sale Date: 11/5/2024
30235 Kelsey, Warren, MI 48092
Price: $292,000
Sq.Ft: 1,382
Beds/Baths: 3/2
$/Sq.Ft:
$2115.8%
Sale Date: 10/21/2024

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