masterkey logo
403 Avenue D
Score
74
New Bern, NC

403 Avenue D

320K
3 bd • 2 ba • 1,790 sf

This analysis was generated on 5/18/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00

Property Overview

List Price
$320,000
+14%vs 28560
Price/Sq.Ft
$179
+1%vs 28560
Above Fair Value
8.5% above range

Current Price

$320,000

Fair Range

$275,000 - $295,000

$320,000
Below Market-20%
Above Market+20%

Negotiation Leverage

4 points to consider in your offer

Recommended Offer

$280,000
Success Probability:High(70%)

AI Rationale

The offer reflects necessary renovations and market conditions. Seller motivation due to high DOM and repeated price reductions supports this strategy.

Overall Score
74
75
Home Condition
75
Natural Light
77
Value
68
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Outdated Kitchen
Outdated Kitchen

Outdated Kitchen

The kitchen has outdated cabinets and countertops.

Outdated Bathroom
Outdated Bathroom

Outdated Bathroom

The bathroom has an older style shower and fixtures.

Dated Ceiling Fan
Dated Ceiling Fan

Dated Ceiling Fan

The ceiling fan in the living room is dated.

Cramped Laundry Area
Cramped Laundry Area

Cramped Laundry Area

The laundry area appears cramped and unfinished.

Worn Deck
Worn Deck

Worn Deck

The back deck shows signs of weathering and could benefit from refinishing or replacement.

Shed Condition
Shed Condition

Shed Condition

The shed appears to be in need of some maintenance, including paint and possible roof repair.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jul
2012
$149,000Cash Purchase
July 27, 2012
From:Trb Rentals Llc
To:Roger C Noyes
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$320,000
-30%List: $320,000+30%
20%
$64,000of $320,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,344/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$85,860
Closing Costs
+$21,860
Down Payment
$64,000
Buyer Agent Fee
$8,160
Loan Fees
$2,560
Title & Escrow
$1,920
Inspections
$900
Transfer Tax
$3,520
Prepaid Expenses
$4,800

* 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

5
/10
Limited Buyer Power
Market Speed
211 days
vs 54 day average
This home has been listed for 211 days, while homes in this area typically sell in 54 days
Inventory Health
181
homes for sale
60 homes sold last month, indicating 3.0x more supply than demand
Price Dynamics
97.4%
of asking price
Homes typically sell for 2.6% below asking price

Price Trajectory

$309,130
Current median price
-1.7%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is heating
Prices are up 3.0% over the last 3 months
3 Months
+3.0%
6 Months
+5.9%
1 Year
-1.7%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 48.5% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$309,130
3 Months Ago
$176,000
+75.6%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$320,000
Price/sqft
$179
Layout
3 bd2 ba
Days on market
211 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$210,083

52.3%

Your price is 52.3% above average

Median Price

$195,000

64.1%

Based on 6 recent sales

Price per Sq.Ft

$125

43.0%

Your price is 43.0% above average $/sqft

Comparable Properties

824 Chattawka Lane, New Bern, NC 28560
Price: $222,000
Sq.Ft: 1,596
Beds/Baths: 4/2
$/Sq.Ft:
$13922.2%
Sale Date: 4/4/2025
222 Change Street, New Bern, NC 28560
Price: $680,000
Sq.Ft: 1,803
Beds/Baths: 3/2
$/Sq.Ft:
$377111.0%
Sale Date: 2/19/2025
708 Contentnea Avenue, New Bern, NC 28560
Price: $75,000
Sq.Ft: 1,642
Beds/Baths: 3/2
$/Sq.Ft:
$4674.4%
Sale Date: 2/24/2025
918 Elm Street, New Bern, NC 28560
Price: $46,500
Sq.Ft: 1,491
Beds/Baths: 3/2
$/Sq.Ft:
$3182.6%
Sale Date: 2/21/2025
1607 Queen Anne Lane, New Bern, NC 28560
Price: $195,000
Sq.Ft: 1,465
Beds/Baths: 3/2
$/Sq.Ft:
$13325.5%
Sale Date: 1/12/2025
727 Main Street, New Bern, NC 28560
Price: $42,000
Sq.Ft: 1,620
Beds/Baths: 4/1
$/Sq.Ft:
$2685.5%
Sale Date: 2/24/2025

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 2 major, and 2 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

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Thoroughly inspect the sunroom and the deck for signs of water damage, rot, or insect infestation, paying close attention to the supports and connections.

Inspect the foundation for cracks, water stains, or signs of settling, especially in the basement or crawl space (if applicable).

Check the grading and drainage around the property to ensure water flows away from the foundation.

Questions to Ask

Important questions to ask during the tour

Has the property ever flooded, and if so, what mitigation measures have been taken?

Can you provide documentation for the upgraded HVAC system and tankless water heater, including installation dates and warranty information?

Is there any documentation regarding the fireplace insert installation and any chimney inspections?

Given the age of the home (c.1935), has a lead paint inspection been performed? If so, can I review the results?

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

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results