409 W Southern Ave
This analysis was generated on 4/4/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:00Property Overview
Current Price
$65,000
Fair Range
$55,000 - $65,000
Negotiation Leverage
3 points to consider in your offer
Recommended Offer
AI Rationale
The offer reflects the needed $38k in repairs and the seller's likely motivation due to the property's extended market time.
Visual Insights
AI-analyzed spaces with reimagining capabilities
Renovation Assessment
Prioritized renovations based on property inspection and market impact.
High Priority Renovations
Complete Interior Renovation
Window Replacement
Electrical System Upgrade
Note: these are rough estimates. For more accurate estimates, please contact a professional.
Ownership History
Previous ownership changes and transaction details
Pricing History
Historical pricing trends for this property
Monthly Costs
Interactive breakdown of estimated monthly expenses
Upfront Transaction Costs
Estimated costs due at closing, including down payment and fees
* 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
Price Trajectory
Historical Market Pulse
Key metrics over time, revealing market momentum and patterns
Negotiation Insight
Days on market increasing 133.3% over the past 3 months suggests growing buyer leverage.
Subject Property
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$55,750
Your price is 16.6% above average
Median Price
$42,500
Based on 6 recent sales
Price per Sq.Ft
$34
Your price is 11.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 409 W Southern Avenue, Springfield, OH 45506 | $39,000 | 1,723 | 3 | 1 | $2340.0% | 2/3/2025 |
| 409 W Southern Avenue, Springfield, OH 45506 | $39,000 | 1,723 | 3 | 1 | $2340.0% | 2/3/2025 |
| 419 Gallagher Street, Springfield, OH 45505 | $24,100 | 1,648 | 2 | 1 | $1561.2% | 12/20/2024 |
| 511 Scott Street, Springfield, OH 45505 | $42,500 | 1,968 | 4 | 1 | $2242.8% | 1/2/2025 |
| 1760 E Wittenberg Boulevard, Springfield, OH 45506 | $124,900 | 1,655 | 3 | 1 | $75100.0% | 10/9/2024 |
| 421 Catherine Street, Springfield, OH 45505 | $65,000 | 1,399 | 2 | 2 | $4623.2% | 3/16/2025 |
Schools
Details about nearby schools in this area
Climate Risks
Assessment of climate-related hazards for this property
Moderate Risk Profile
This property has 0 severe, 0 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
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Tour Checklist
Key items to inspect during your property tour
Thoroughly inspect the roof for signs of leaks, sagging, or missing shingles. Pay close attention to the areas around chimneys and vents.
Check all existing electrical wiring and connections for exposed wires, loose connections, or signs of damage. Use a non-contact voltage tester where appropriate.
Operate all existing windows (if possible) to check for smooth operation, proper sealing, and any signs of damage or rot. Look for condensation between panes, indicating seal failure.
Document all visible issues with photos and detailed notes for future reference and negotiation purposes.
Questions to Ask
Important questions to ask during the tour
Can you provide a detailed list of all the engineering work that has been completed, and are the plans available for review?
What is the reason for selling the property in its current 'As Is' condition, and what are the seller's motivations?
Can you provide any documentation regarding the 'new upgraded windows' that were added, including their energy efficiency ratings and warranty information?
Given the property's flood risk, has the property ever experienced flooding, and what measures have been taken to mitigate flood damage?
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
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