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41 Spring Lake Dr
Stafford, VA

41 Spring Lake Dr

$784,300
5 bd • 3 ba • 3,192 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

$784,300

Price/Sq.Ft

$246

Year Built

AI Property Analysis

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

The Good

The property at 41 Spring Lake Dr, Stafford, VA 22556 offers exceptional value with its spacious 3,192 sqft layout, priced at $245.71/sqft, which is approximately 15% below the average price of $289/sqft for similar homes in the area. With 5 bedrooms and 3 bathrooms, it provides ample space for large families or those needing extra rooms for home offices. The brick exterior and mansard roof style suggest a well-built, durable construction that typically requires less maintenance. The property's mature trees provide natural shade and potential energy savings. Its location on Spring Lake Drive implies proximity to water, which often correlates with higher property values and desirable views. The seasonal decorations (pumpkins) and well-maintained landscaping indicate pride of ownership and community engagement.

The Bad

The property's age is unknown, which could indicate potential hidden issues or outdated systems. The lack of listed features or detailed description suggests possible missed opportunities in marketing, or a lack of recent upgrades. The price of $784,300 is 6.34 times the median income of $123,608, which is slightly above the recommended 3-5 times income for affordability. This may limit the pool of potential buyers. The absence of information on utilities and systems raises concerns about the condition and efficiency of HVAC, plumbing, and electrical systems. The property's size and price point may result in higher property taxes and insurance costs compared to the average home in Stafford.

The Ugly

Without knowing the year built, there's a risk of significant upcoming maintenance costs. If the home is older (pre-1980s), it may contain hazardous materials like asbestos or lead paint, requiring expensive remediation. The mansard roof style, while attractive, can be prone to leaks and may be costly to repair or replace, potentially costing $20,000-$30,000 for a home of this size. The large square footage (3,192 sqft) could lead to high utility costs, especially if the home lacks modern energy-efficient features. Given Stafford's proximity to Washington D.C., the property may be subject to high noise levels from nearby military bases or traffic, potentially impacting quality of life and future resale value.

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 larger families or multi-generational households who can fully utilize the 5 bedrooms and 3 bathrooms. With a price point of $784,300, it's ideal for buyers with a household income of at least $200,000 (based on a 28% front-end debt-to-income ratio). The spacious layout makes it perfect for professionals who need home office space or those who frequently entertain. Given Stafford's median income of $123,608, this property would appeal to upper-middle-class families or military officers stationed at the nearby Quantico Marine Corps Base. Investors looking for potential rental income could also benefit, as the 4-bedroom rental rate of $2,742 suggests a possible gross rental yield of around 4.2% annually.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its high price point relative to the median income. Singles or couples without children may find the 5-bedroom layout excessive and costly to maintain. Buyers seeking a modern, energy-efficient home may be disappointed without clear information about recent upgrades or green features. Those with mobility issues might struggle with the multi-level design and front steps. Investors looking for immediate high returns may find the potential 4.2% gross rental yield less attractive compared to other investment opportunities.
Demographics
Area Median Income

$123,608

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Risk Assessment

Risk Analysis

The unknown age of the property poses a significant risk, potentially hiding major system failures or necessary upgrades. The mansard roof style, while aesthetically pleasing, is prone to water damage and may require costly repairs. The property's large size could lead to higher-than-average utility and maintenance costs. Stafford's rapid development may lead to increased traffic and strain on local infrastructure, potentially impacting quality of life. The area's proximity to military installations could expose the property to noise pollution or potential zoning changes. Climate change risks, including potential flooding near Spring Lake, should be carefully evaluated. The high price point relative to median income may limit future buyer pools, potentially affecting resale value.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$609,150

-22.3% below list price

Median Price

$610,000

Based on 6 recent sales

Price per Sq.Ft

$187

Comparable Properties

5 IRVING CT, STAFFORD, VA 22556
Price: $669,900
Sq.Ft: 3,341
Beds/Baths: 5/3
$/Sq.Ft:
$20118.4%
Sale Date: 10/21/2024
30 JOYCE ST, STAFFORD, VA 22554
Price: $569,000
Sq.Ft: 3,300
Beds/Baths: 5/3
$/Sq.Ft:
$17229.8%
Sale Date: 8/24/2024
12 GARFIELD ST, STAFFORD, VA 22556
Price: $601,000
Sq.Ft: 3,170
Beds/Baths: 5/4
$/Sq.Ft:
$19022.8%
Sale Date: 10/7/2024
41 SAINT WILLIAMS WAY, STAFFORD, VA 22556
Price: $610,000
Sq.Ft: 3,324
Beds/Baths: 4/4
$/Sq.Ft:
$18425.3%
Sale Date: 8/24/2024
56 SPRING LAKE DR, STAFFORD, VA 22556
Price: $620,000
Sq.Ft: 3,484
Beds/Baths: 5/4
$/Sq.Ft:
$17827.6%
Sale Date: 8/22/2024
80 SPRING LAKE DR, STAFFORD, VA 22556
Price: $585,000
Sq.Ft: 2,986
Beds/Baths: 4/4
$/Sq.Ft:
$19620.3%
Sale Date: 7/31/2024

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