Score
0Warren, MI
30551 Berghway Trl #112
315K
2 beds
2 baths
1,576 sqft
2 bd • 2 ba • 1,576 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
$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
Property History
Price History
Ownership Timeline
$314,832Financed
Apr 29, 2022Mjc Stoneridge LlcBrian Samuel Kirsch
Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
5.0/10
AverageHigh
4.5/10
AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,213
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$314,832
Price/sqft
$200
Layout
2 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$285,317
10.3%
Your price is 10.3% above average
Median Price
$292,000
7.8%
Based on 6 recent sales
Price per Sq.Ft
$186
7.4%
Your price is 7.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5277 HAWKSEYE Trace, Warren, MI 48092 | $340,000 | 1,566 | 2 | 2 | $2178.7% | 11/17/2024 |
| 30009 HERITAGE Parkway, Warren, MI 48092 | $230,000 | 1,660 | 2 | 2 | $13930.6% | 11/3/2024 |
| 30137 TRAILWOOD Drive, Warren, MI 48092 | $349,900 | 1,643 | 3 | 2 | $2136.6% | 10/20/2024 |
| 29712 HERITAGE Parkway, Warren, MI 48092 | $250,000 | 1,660 | 2 | 2 | $15124.6% | 10/18/2024 |
| 4704 AUDUBON Drive, Warren, MI 48092 | $250,000 | 1,363 | 3 | 2 | $1838.2% | 11/5/2024 |
| 30235 Kelsey, Warren, MI 48092 | $292,000 | 1,382 | 3 | 2 | $2115.8% | 10/21/2024 |
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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