Score
0Newport News, VA
308 Ferguson Ave
245K
3 beds
1 baths
1,073 sqft
3 bd • 1 ba • 1,073 sf
This analysis was generated on 2/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$245,000
Price/Sq.Ft
$228
Year Built
1920
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Walkable Location: Situated in Hilton Village, the property is within walking distance of shopping and dining amenities, enhancing its appeal to those who value convenience. Walkable areas command a premium of approximately 10-20% compared to less accessible locations in Newport News.
• Detached Studio: The separate studio offers flexible space that can be used as an office, art studio, or workshop, adding value and functionality to the property. A similar detached building can easily cost between $15,000 - $25,000.
• Classic Architectural Features: The hardwood floors, built-ins, and fireplace contribute to the home's charm and character, attracting buyers who appreciate vintage properties. Homes with original hardwood floors in Newport News typically sell for 5-10% more than those without.
• Minimal Flood and Fire Risk: With flood and fire risks rated at 1/10, insurance costs related to these hazards are likely to be lower compared to properties in higher-risk zones. The average flood risk in surrounding areas is around 3/10, making this property more secure from flood-related issues.
The Bad
• High Heat Risk: The "EXTREME" heat risk (9/10) means that the property experiences very high temperatures, which could lead to increased energy consumption for cooling and potential discomfort for residents. Newport News experiences 7 days above 106°F. This is significantly higher than other areas in Virginia.
• Low School Ratings for Middle and High School: The middle and high schools have ratings of 3/10 and 4/10, respectively, which may be a concern for families with school-aged children. This could affect the resale value if the buyer pool is limited to those without kids.
• Older Construction: Built in 1920, the property is likely to require more maintenance and repairs compared to newer homes. Expect higher ongoing costs.
• Only One Bathroom: For a 3-bedroom house, having only one bathroom may be inconvenient, especially for families. This could be a drawback compared to other homes in the area.
The Ugly
• Severe Wind Risk (8/10): The high wind risk necessitates comprehensive insurance coverage, potentially increasing annual premiums by 15-20% compared to lower-risk areas. This can add several hundred dollars to the annual cost of ownership.
• Potential for Outdated Systems: Given the age, the property may have outdated plumbing, electrical, and HVAC systems. Replacing these systems could cost between $15,000 and $30,000.
• Small Living Space: At 1,073 square feet for a 3-bedroom home, the living space may feel cramped, especially for families. The average square footage for a 3-bedroom home in Newport News is closer to 1,200-1,400 square feet.
• School Ratings: The middle and high school ratings are relatively low (3/10 and 4/10), which may deter families with children. This can negatively impact resale value and limit the pool of potential buyers.
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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
• Buyers seeking a charming, walkable neighborhood: Its location in Hilton Village, with its proximity to shopping and dining, makes it ideal for those who value convenience and community.
• Individuals or couples needing a separate workspace: The detached studio provides an excellent space for a home office, art studio, or workshop.
• Those who appreciate classic architectural details: The hardwood floors, built-ins, and fireplace add character and appeal to buyers who appreciate vintage homes.
• Buyers comfortable with potentially high summer temperatures: The house has an attic fan and central air, making it more appealing to buyers used to dealing with temperatures in the 90s and above.
Not For
• Those sensitive to extreme heat: The heat risk is rated as extreme (9/10), with an average of 7 days per year exceeding 106°F. Buyers who are not comfortable with hot weather may find this property unsuitable.
• Buyers looking for modern, updated homes: Built in 1920, this cottage retains its original charm, which may not appeal to buyers seeking contemporary features and finishes.
• Individuals with mobility issues: Given the likely presence of stairs and the older construction, the property may not be ideal for those with mobility challenges.
• Those seeking low-maintenance properties: Older homes often require more upkeep and repairs than newer constructions. Buyers looking for a hassle-free living experience might want to consider other options.
Demographics
Area Median Income
$57,182
Property History
Price History
Ownership Timeline
$208,000Financed
Jun 18, 2014Robert PierceKody S Crosson, Calandra G Wahl
Warranty Deed
Standard Sale (Purchase/Resales)
$220,000Financed
Sep 8, 2005Robin C FitchettRobert Pierce
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$3,479
2025 Tax Assessment
6.2%from previous year
Assessed Value$294,800
Tax Rate1.18%
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Climate Risks
heatSEVERE
7 extreme heat days per year
98th percentile: 106°F
windSEVERE
Insurance: Required
airMINIMAL
0 bad air quality days per year
floodMINIMAL
FEMA Zone: Minimal Risk Area
Insurance: Optional
fireMINIMAL
Insurance: Optional
Risk Analysis
• High Wind Risk (8/10): Requires critical insurance coverage and potential reinforcement of the structure to mitigate damage.
• Extreme Heat Risk (9/10): May lead to higher energy bills and the need for upgraded cooling systems, especially during peak summer months.
• Older Infrastructure: Built in 1920, the property may have outdated plumbing, electrical, and HVAC systems, potentially leading to costly repairs or upgrades.
• Potential for Lead Paint or Asbestos: Homes built before 1978 may contain lead-based paint, and asbestos may be present in older building materials. Testing and remediation could be necessary.
• Market Volatility: The real estate market in Newport News can fluctuate, and property values may be affected by economic conditions, interest rates, and local developments.
Insurance
Annual Cost
$882
$74 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$245 monthly
$74 monthly
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Schools
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$1,857
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$245,000
Price/sqft
$228
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$224,167
9.3%
Your price is 9.3% above average
Median Price
$230,000
6.5%
Based on 6 recent sales
Price per Sq.Ft
$221
3.3%
Your price is 3.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 600 North Avenue, Newport News, VA 23601 | $235,000 | 1,005 | 2 | 1 | $2342.4% | 11/6/2024 |
| 4 Hudson Circle, Newport News, VA 23605 | $235,000 | 978 | 3 | 1 | $2405.2% | 9/25/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 205 Piez Avenue, Newport News, VA 23601 | $230,000 | 1,143 | 3 | 2 | $20111.9% | 10/28/2024 |
600 North Avenue, Newport News, VA 23601
Price: $235,000
Sq.Ft: 1,005
Beds/Baths: 2/1
$/Sq.Ft:
$2342.4%
Sale Date: 11/6/2024
4 Hudson Circle, Newport News, VA 23605
Price: $235,000
Sq.Ft: 978
Beds/Baths: 3/1
$/Sq.Ft:
$2405.2%
Sale Date: 9/25/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
205 Piez Avenue, Newport News, VA 23601
Price: $230,000
Sq.Ft: 1,143
Beds/Baths: 3/2
$/Sq.Ft:
$20111.9%
Sale Date: 10/28/2024
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