Score
0Peachtree City, GA
405 Southbridge Pass
665K
3 beds
3 baths
3,332 sqft
3 bd • 3 ba • 3,332 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$665,000
Price/Sq.Ft
$200
Year Built
2019
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 405 Southbridge Pass in Peachtree City, GA offers several attractive features:
1. New Construction: Built in 2019, this home is only 6 years old, which means lower maintenance costs and modern amenities. The "like new" condition adds significant value.
2. Spacious Layout: At 3,332 square feet, this home is 22% larger than the average home size in Peachtree City (2,730 sq ft). The open floor plan and mostly one-level living are highly desirable features.
3. Prime Location: Located in Peachtree City's newest swim/tennis & pickleball community, it offers access to 100+ miles of cart paths, award-winning schools, and proximity to hospitals, studios, and the Atlanta Airport.
4. Amenities: The community includes swimming, tennis, and pickleball facilities, enhancing the property's recreational value.
5. Energy Efficiency: As a newer construction, it likely incorporates energy-efficient features, potentially leading to lower utility costs.
6. Strong Appreciation: The property has appreciated 59% since its last sale in 2020 ($418,234 to $665,000), outperforming the average Peachtree City home appreciation of 38% over the same period.
7. Price per Square Foot: At $199.58/sq ft, it's priced competitively compared to the Peachtree City average of $215/sq ft for similar homes.
8. Low Flood Risk: With a minimal flood risk score of 1/10, insurance costs related to flooding should be low.
9. Excellent Schools: The property is zoned for highly-rated schools, with Kedron Elementary (8/10) just 1.3 miles away.
10. Rental Potential: Based on local rental rates, a 3-bedroom home like this could potentially rent for $2,320/month, offering investment opportunities.
The Bad
1. Price Reduction: The recent 3.6% price drop from $690,000 to $665,000 might indicate challenges in selling at the initial price point or potential market softening.
2. Days on Market: At 16 days, it's slightly above the Peachtree City average of 14 days, suggesting possible reduced buyer interest.
3. HOA Fees: While the exact amount isn't specified, HOA fees add to the monthly costs. The inclusion of amenities suggests these fees could be substantial.
4. Climate Risks: The property faces moderate fire risk (3/10) and air quality risk (3/10), which could impact long-term livability and insurance costs.
5. Property Taxes: Fayette County has relatively high property taxes. Based on the home's value, annual property taxes could be around $8,000-$9,000.
6. Limited Public Transportation: The reliance on golf carts and personal vehicles may be inconvenient for some buyers, especially those commuting outside Peachtree City.
7. Potential Overcrowding: The excellent school ratings might lead to future overcrowding as the area grows, potentially impacting education quality.
8. Golf Cart Expenses: While not directly related to the property, the necessity of owning and maintaining a golf cart adds to the overall cost of living in this community.
9. Lack of Matured Landscaping: As a newer community, the landscaping and trees may not be fully established, potentially affecting curb appeal and shade.
10. Potential for Noise: Proximity to Atlanta airports might result in occasional aircraft noise, depending on the exact location within Peachtree City.
The Ugly
1. Major Climate Risks: The property faces significant heat risk (6/10) and wind risk (6/10). With 7 extremely hot days per year and temperatures reaching 104°F, this could lead to increased cooling costs and potential health risks. The high wind risk is particularly concerning, as it's rated "CRITICAL" for insurance purposes. This could result in substantially higher insurance premiums and potential property damage.
2. Rapid Price Appreciation: While the 59% appreciation since 2020 seems positive, such rapid growth (19.7% annually) is unsustainable and may indicate a potential market bubble. This puts future buyers at risk of overpaying and facing negative equity if the market corrects.
3. Total Cost of Ownership: When factoring in the mortgage (assuming 20% down at current rates), property taxes, HOA fees, and the high insurance costs due to wind risk, the monthly ownership costs could exceed $4,500. This is significantly higher than the potential rental income of $2,320, making it a poor investment property.
4. Future Development Impacts: As Peachtree City's newest community, there's a risk of ongoing construction, potentially leading to noise, dust, and disruption. Future developments could also impact views, traffic, and overall neighborhood character.
5. Golf Cart Infrastructure: While Peachtree City is known for its golf cart paths, newer communities may not have fully integrated connections. This could limit the practicality of using golf carts for daily activities, negating one of the city's main attractions.
6. Potential HOA Issues: New communities often face challenges with HOA management, including unexpected fee increases, rule changes, or underfunded reserves for long-term maintenance of amenities.
7. Market Volatility: The recent price reduction and longer-than-average days on market could indicate a shifting local market. If this trend continues, it could lead to further price reductions and longer selling times in the future.
8. Long-term Maintenance Costs: While currently new, in 10-15 years, major systems (HVAC, roof, appliances) will start needing replacement. The high-end finishes mentioned in the description may be costly to maintain or replace.
9. Resale Challenges: The home's size and price point limit the buyer pool, potentially making it harder to sell in the future, especially if market conditions are less favorable.
10. Lack of Historical Data: As a new community, there's limited historical data on property values, making it difficult to predict long-term appreciation trends accurately.
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 best suited for:
1. Upper-middle-class families: With a median income in Peachtree City of $102,880, this home is ideal for households earning $150,000+ annually to comfortably afford the estimated $4,500+ monthly costs.
2. Golf enthusiasts: Access to multiple golf courses and the extensive cart path system makes this perfect for avid golfers or those embracing the golf cart lifestyle.
3. Work-from-home professionals: The dedicated home office and bonus room provide ideal spaces for remote work setups.
4. Families with school-age children: Proximity to highly-rated schools (all 7/10 or higher) makes this attractive for parents prioritizing education.
5. Multi-generational families: The mostly one-level living with an additional upstairs suite accommodates various family arrangements.
6. Entertainment-focused buyers: The open layout, large dining area, and community amenities cater to those who enjoy hosting and socializing.
7. Buyers seeking low-maintenance living: As a new construction in a managed community, it offers a turnkey lifestyle with minimal immediate upkeep concerns.
8. Atlanta commuters: Its location provides a balance of suburban living with relatively easy access to Atlanta's job market and amenities.
9. Health-conscious individuals: Community fitness amenities and access to cart paths for exercise align with an active lifestyle.
10. Buyers prioritizing modern features: Those who value new construction, energy efficiency, and contemporary design will appreciate this home.
Not For
This property is not suitable for:
1. Budget-conscious buyers: With a price tag of $665,000 and high monthly costs, it's out of reach for median income earners in Peachtree City.
2. First-time homebuyers: The size, price, and potential for high maintenance costs make this challenging for those just entering the market.
3. Investors seeking immediate positive cash flow: The potential rental income ($2,320/month) is significantly lower than estimated monthly costs ($4,500+), making it unsuitable for traditional rental investment.
4. Those sensitive to climate risks: The major heat and wind risks may be concerning for individuals worried about climate change impacts or with health conditions exacerbated by extreme heat.
5. Buyers seeking established neighborhoods: As a new community, it lacks the charm and maturity of older Peachtree City neighborhoods.
6. Low-maintenance seekers: While new, the large size and high-end finishes will require significant upkeep and eventual costly replacements.
7. Urban lifestyle enthusiasts: Peachtree City's suburban nature and reliance on golf carts may feel limiting to those preferring walkable, urban environments.
8. Commuters to downtown Atlanta: At roughly 30 miles from downtown, daily commutes could be challenging and time-consuming.
9. Those seeking privacy: The newness of the community and potential for ongoing development may result in less privacy than established neighborhoods.
10. Buyers looking for immediate equity: The recent price reduction and high appreciation rate suggest limited short-term equity building potential.
Demographics
Area Median Income
$102,880
Property History
Price History
Ownership Timeline
$418,234Cash Purchase
Jan 29, 2020Pulte Home Co LlcMike G Roelofs, Kimberly M Roelofs
Warranty Deed
New Construction Residential Transactions
Property Taxes
$7,621
2023 Tax Assessment
14.8%from previous year
Assessed Value$251,200
Tax Rate3.03%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
8.0/10
ExcellentMiddle
8.0/10
ExcellentHigh
7.0/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$665,000
Price/sqft
$200
Layout
3 bd•3 ba
Days on market
73 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$601,317
10.6%
Your price is 10.6% above average
Median Price
$635,000
4.7%
Based on 6 recent sales
Price per Sq.Ft
$200
0.2%
Your price is 0.2% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 207 Sweetbriar Street, Peachtree City, GA 30269 | $635,000 | 3,370 | 4 | 3 | $1885.6% | 11/8/2024 |
| 542 Pinegate Road, Peachtree City, GA 30269 | $467,000 | 2,801 | 4 | 3 | $16716.5% | 11/20/2024 |
| 420 Southbridge Pass, Peachtree City, GA 30269 | $630,000 | 2,861 | 3 | 3 | $22010.3% | 8/5/2024 |
| 152 Westberry Street, Peachtree City, GA 30269 | $659,900 | 2,867 | 4 | 3 | $23015.3% | 8/2/2024 |
| 70 Braves Crossing Drive, Sharpsburg, GA 30277 | $549,000 | 3,000 | 4 | 4 | $1838.3% | 9/28/2024 |
| 904 Gambino Trace, Peachtree City, GA 30269 | $667,000 | 3,142 | 4 | 4 | $2126.4% | 9/5/2024 |
207 Sweetbriar Street, Peachtree City, GA 30269
Price: $635,000
Sq.Ft: 3,370
Beds/Baths: 4/3
$/Sq.Ft:
$1885.6%
Sale Date: 11/8/2024
542 Pinegate Road, Peachtree City, GA 30269
Price: $467,000
Sq.Ft: 2,801
Beds/Baths: 4/3
$/Sq.Ft:
$16716.5%
Sale Date: 11/20/2024
420 Southbridge Pass, Peachtree City, GA 30269
Price: $630,000
Sq.Ft: 2,861
Beds/Baths: 3/3
$/Sq.Ft:
$22010.3%
Sale Date: 8/5/2024
152 Westberry Street, Peachtree City, GA 30269
Price: $659,900
Sq.Ft: 2,867
Beds/Baths: 4/3
$/Sq.Ft:
$23015.3%
Sale Date: 8/2/2024
70 Braves Crossing Drive, Sharpsburg, GA 30277
Price: $549,000
Sq.Ft: 3,000
Beds/Baths: 4/4
$/Sq.Ft:
$1838.3%
Sale Date: 9/28/2024
904 Gambino Trace, Peachtree City, GA 30269
Price: $667,000
Sq.Ft: 3,142
Beds/Baths: 4/4
$/Sq.Ft:
$2126.4%
Sale Date: 9/5/2024
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