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3487 Moyer Rd
North Tonawanda, NY

3487 Moyer Rd

$165,000
2 bd • 1 ba • 1,086 sf

This analysis was generated by artificial intelligence on 1/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$165,000

Price/Sq.Ft

$152

Year Built

AI Property Analysis

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

The Good

• Affordable price per square foot: At $151.93 per sqft, the property appears to be competitively priced compared to other homes in the area, potentially offering good value for buyers seeking a budget-friendly option. • Decent sized home at 1,086 sqft: The size of the home is adequate for a small family, single person, or couple, offering enough space for comfortable living. • Potential for customization: The lack of specific details about the property's features allows buyers to customize the home to their own tastes and preferences. This can be a positive for those who want to personalize their living space. • Opportunity for value appreciation: With some strategic upgrades, the property has the potential to increase in value over time, making it a good investment opportunity. • Proximity to amenities: While not explicitly listed, the location in North Tonawanda suggests that the property is likely located near shops, restaurants, schools, and other amenities which can make it an attractive place to live.

The Bad

• Lack of detailed property information: The absence of a property description, room details, and utility information makes it difficult to assess the true value and condition of the property. This lack of information increases uncertainty for potential buyers. • No listed property features: The absence of listed features makes it difficult to determine the property's unique selling points and its desirability compared to other properties in the area. This lack of information can deter potential buyers. • Unknown year of construction: The unknown year built makes it difficult to assess the property's condition, potential for repairs, and long-term maintenance costs. This lack of information is a major concern for potential buyers. • Generic description of neighborhood: The description of the area as having 'diverse neighborhoods' is not specific enough to make a determination about the property's specific location. This lack of detailed local context may cause hesitation in potential buyers. • Limited information on utilities: The lack of information about the property's utilities makes it difficult to assess potential costs and necessary upgrades. This includes the heating, cooling, plumbing, and electrical systems.

The Ugly

• Potential for hidden issues: The lack of specific information about the property's condition raises concerns about potential hidden issues, such as structural problems, plumbing issues, or electrical faults. These problems could lead to costly repairs and unexpected expenses. • High property taxes: The high property taxes in Niagara County can significantly increase the overall cost of homeownership, making it less affordable than comparable properties in other areas with lower taxes. A detailed review of the specific tax assessment will be needed. • Environmental risks: The property's proximity to the Niagara River and industrial areas could expose it to pollutants and flooding, potentially leading to health concerns and costly remediation efforts. A thorough environmental assessment is needed to identify potential risks. • Maintenance costs: The lack of information about the property's condition and age may indicate that it requires more maintenance than a newer or well-maintained property, increasing the overall cost of ownership. The driveway, roof, and yard may all require maintenance. • Risk of market volatility: The real estate market in North Tonawanda can fluctuate, which could affect the property's value and resale potential. A market analysis will be needed to determine the current value and its trajectory.

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

• First-time homebuyers seeking an affordable entry point into the North Tonawanda market. The price point of $165,000 is below the average for single-family homes in the area, making it attractive for those with a limited budget. • Buyers comfortable with a smaller home and willing to perform some updates. The 1,086 sqft size is suitable for individuals or small families, but may require some modernization to meet current standards. • Individuals or small families looking for a property with a decent sized yard. The image shows a yard that appears to be larger than some in the area, which can be suitable for outdoor activities and gardening. • Buyers who prioritize a single-story layout. The ranch-style home is ideal for those who prefer a single-level living space without stairs. • Buyers who value a location with proximity to both natural features and industrial areas. The property's location near the Niagara River and its industries provides a mix of scenic views and access to economic opportunities, which can be appealing to those who value both.

Not For

• Buyers seeking a large, modern home with updated amenities. This property, with its unknown age and lack of listed features, may not meet the needs of those looking for turn-key properties. • Buyers with a large family requiring more bedrooms and bathrooms. The property's two bedrooms and one bathroom may not be suitable for larger families. • Buyers who are not comfortable with the potential environmental risks associated with the property's location. The proximity to the Niagara River and industrial areas could expose the property to pollutants and flooding, which may be a concern for some buyers. • Buyers seeking a low-maintenance property. The lack of specific information about the property's condition suggests that it may require repairs or upgrades. Additionally, the larger yard may require more maintenance than other properties. • Buyers who are not comfortable with the potential for high property taxes. The relatively high property taxes in Niagara County may be a concern for buyers with a limited budget.
Demographics
Area Median Income

$70,248

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Risk Assessment

Risk Analysis

• Potential for high property taxes: North Tonawanda is in Niagara County, which has relatively high property taxes compared to some other parts of New York State. This can significantly increase the overall cost of homeownership. • Environmental concerns: The property's proximity to the Niagara River and industrial areas may expose it to pollutants and flooding, requiring costly mitigation measures. • Unknown property age and condition: The lack of information about the year built and the property's condition raises concerns about potential hidden issues and costly repairs. This can include the roof, foundation, plumbing, electrical system, and HVAC. • Potential for radon: Western New York has areas with higher radon levels, requiring testing and potentially costly mitigation efforts. The absence of information about radon testing in the provided data adds to the risk. • Soil contamination: Due to the region's industrial past, there may be soil contamination requiring costly remediation. A thorough environmental assessment is necessary to identify any potential problems. • Potential for repairs or upgrades: The property's lack of specific features suggests that it may require repairs or upgrades, which may add unexpected costs for the buyer. This includes the kitchen, bathrooms, and other interior and exterior elements.

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