322-324 Pearl St
This analysis was generated on 5/3/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:00Property Overview
Current Price
$625,000
Fair Range
$575,000 - $600,000
Negotiation Leverage
4 points to consider in your offer
Recommended Offer
AI Rationale
Reflects market conditions and necessary repairs, despite the competitive market.
Visual Insights
AI-analyzed spaces with reimagining capabilities
Stained Carpet
The carpet in the living room has a significant stain, indicating potential water damage or other issues.
Outdated Kitchen
The kitchen features outdated wood cabinets and laminate countertops, which detract from the property's value.
Outdated Bathrooms
The bathrooms have outdated fixtures and finishes, including a pink bathtub and dated tile.
Worn Flooring
The flooring in the attic space is worn and dated, detracting from the room's appeal.
Renovation Assessment
Prioritized renovations based on property inspection and market impact.
High Priority Renovations
Carpet Replacement
Kitchen Renovation
Note: these are rough estimates. For more accurate estimates, please contact a professional.
Ownership History
Previous ownership changes and transaction details
Monthly Costs
Interactive breakdown of estimated monthly expenses
Upfront Transaction Costs
Estimated costs due at closing, including down payment and fees
* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.
** Buyer agent fees are negotiable and may sometimes be covered by the seller.
Buyer Power Index
Price Trajectory
Historical Market Pulse
Key metrics over time, revealing market momentum and patterns
Negotiation Insight
Home sales decreasing 34.6% over the past 3 months suggests growing buyer leverage.
Subject Property
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$628,833
Your price is 0.6% below average
Median Price
$635,000
Based on 6 recent sales
Price per Sq.Ft
$495
Your price is 7.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 500 Salem St #604, Medford, MA 02155 | $600,000 | 1,258 | 3 | 2 | $4774.4% | 3/20/2025 |
| 7 Bellingham Ave #3, Everett, MA 02149 | $635,000 | 1,152 | 2 | 2 | $55120.7% | 3/19/2025 |
| 24 Wiley St, Malden, MA 02148 | $675,000 | 1,450 | 2 | 2 | $4661.9% | 2/11/2025 |
| 3920 Mystic Valley Pkwy #906, Medford, MA 02155 | $710,000 | 1,229 | 2 | 2 | $57826.4% | 2/24/2025 |
| 111 Devir St #306, Malden, MA 02148 | $555,000 | 1,243 | 3 | 2 | $4472.3% | 2/5/2025 |
| 500 Salem Street #508, Medford, MA 02155 | $598,000 | 1,321 | 3 | 2 | $4530.9% | 1/14/2025 |
Schools
Details about nearby schools in this area
Neighborhood Mobility
How easily you can get around with or without a car
Walk Score®
Very Walkable
Score measures pedestrian-friendliness based on distances to amenities.
Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.
Climate Risks
Assessment of climate-related hazards for this property
Moderate Risk Profile
This property has 0 severe, 0 major, and 4 moderate risk factors
Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.
Sunlight Analysis
Data provided by Shadowmap
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Tour Checklist
Key items to inspect during your property tour
Inspect the oil tank (if visible) for rust, leaks, or damage.
Examine the foundation for cracks, water stains, or other signs of damage.
Inspect the roof for missing or damaged shingles, and check the gutters for proper drainage.
Questions to Ask
Important questions to ask during the tour
What is the age of the oil tank, and when was it last inspected?
Are there any known issues with the plumbing or electrical systems?
Are there any open permits or outstanding violations on the property?
Can you provide any documentation related to the insurance costs, particularly regarding the flood and wind risk assessments?
Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.
Property Discussion
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