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4023 Floweree Dr
Helena, MT

4023 Floweree Dr

$2,499,000
3 bd • 3 ba • 2,366 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

$2,499,000

Price/Sq.Ft

$1056

Year Built

1972

AI Property Analysis

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

The Good

This 48.47-acre equestrian property offers exceptional value for horse enthusiasts. The main parcel features a 2,366 sqft home priced at $1,056/sqft, which is justified by the extensive equestrian facilities. The property includes a heated indoor arena (estimated value $250,000+), a 3-car heated garage, a 1-car heated shop with a 6-stall carport, and a barn with a 3-bedroom loft living space. These amenities significantly enhance the property's functionality and value. The two additional hay fields (14.91 and 19.06 acres) with water rights provide potential for additional income or self-sufficiency, estimated at $5,000-$10,000 annually based on current hay prices. The property's established boarding business, complete with a client list, offers immediate income potential, conservatively estimated at $2,000-$3,000 per month. The option to sell parcels separately increases flexibility for potential buyers.

The Bad

The property's price of $2,499,000 is significantly above the median home value in Helena, which may limit the pool of potential buyers. At 255 days on the market, it's well above the average DOM for the area, suggesting potential overpricing or a very niche market. The home, built in 1972, may require updates to meet modern standards, potentially costing $50,000-$100,000. The high price per square foot ($1,056.21) for the main house, while justified by the acreage and facilities, may deter non-equestrian buyers. The estimated insurance cost of $8,996.40/year is high, likely due to the multiple structures and business use of the property.

The Ugly

The property faces significant climate risks that could impact long-term value and insurance costs. The MAJOR flood risk (5/10) with the property in FEMA Zone A could lead to mandatory flood insurance, potentially costing $2,000-$5,000 annually. The MAJOR fire risk (6/10) and EXTREME air quality risk (9/10) could lead to higher insurance premiums and potential health concerns for residents and horses. With 16 bad air quality days per year, this could affect the property's usability for outdoor activities and horse training. The multiple structures and specialized equestrian facilities may require substantial ongoing maintenance, estimated at $15,000-$25,000 annually. The complexity of managing water rights and potential water scarcity issues in Montana could pose challenges for hay production and horse care.

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 ideal for serious equestrians with a net worth exceeding $5 million, looking for a turnkey horse boarding and training facility. It suits buyers with experience in property management and equine care, capable of handling the complexities of a large acreage with multiple structures. The property would appeal to those seeking a lifestyle business, combining personal passion with income potential from boarding and hay production. It's well-suited for buyers looking to relocate to Montana for its natural beauty and outdoor lifestyle, who can afford the high purchase price and ongoing maintenance costs.

Not For

This property is not suitable for typical residential buyers or those seeking a low-maintenance home. With a price point of $2,499,000 and high ongoing costs, it's out of reach for median income earners in Helena. The property's size and specialized facilities make it impractical for those not deeply involved in equestrian activities. Investors looking for straightforward rental properties or quick flips should look elsewhere due to the niche market and high carrying costs. The property is also not ideal for those sensitive to air quality issues or concerned about climate risks, given the high fire and air quality risk scores.
Demographics
Area Median Income

$0

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Risk Assessment

Climate Risks

airEXTREME

16 bad air quality days per year

fireMAJOR

Insurance: Required

floodMAJOR

FEMA Zone: A

Insurance: Required

heatMODERATE

7 extreme heat days per year

98th percentile: 92°F

windMINIMAL

Insurance: Optional

Risk Analysis

The MAJOR flood risk (5/10) and location in FEMA Zone A present significant insurance and potential property damage concerns. The MAJOR fire risk (6/10) could lead to evacuations and property loss in severe seasons. EXTREME air quality risk (9/10) may impact the health of residents and horses, potentially limiting usability during bad air days. Water rights management and potential future water scarcity in Montana could affect hay production and overall property value. The specialized nature of the property may lead to a limited buyer pool if resale becomes necessary, potentially extending time on market and affecting resale value. Zoning changes or new regulations affecting large animal keeping or commercial boarding operations could impact the property's usability and value. The complexity of managing multiple parcels and structures increases the risk of overlooking critical maintenance issues.
Insurance
Annual Cost

$8,996

$750 per month

Financials

Monthly Costs

Price History

Property Taxes

$3,136
2024 Tax Assessment
0.5%from previous year
Assessed Value$380,419
Tax Rate0.82%

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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