Score
0Helena, MT
4023 Floweree Dr
2.5M
3 beds
3 baths
2,366 sqft
3 bd • 3 ba • 2,366 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
$2,499,000
Price/Sq.Ft
$1,056
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
Property History
Price History
Ownership Timeline
Property Taxes
$3,136
2024 Tax Assessment
0.5%from previous year
Assessed Value$380,419
Tax Rate0.82%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
5.0/10
AverageHigh
9.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$0
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