4191 Montgomery St

• High total cost of ownership: Based on an estimated price of $1,799,000, a 20% down payment would be $359,800, and a mortgage at a 7% interest rate would be approximately $9,500 per month. When adding estimated insurance ($6,476.4/year, or $540/month) and property taxes (approx. 1.2% of the property value annually, or $1,800/month), the monthly cost of ownership exceeds $11,840. This is a substantial financial commitment. • History of price volatility: The property has experienced multiple price changes, including a 28.7% increase in December 2024, after being listed at lower prices. This price volatility suggests potential instability and raises concerns about the property's true market value. • Age of the property: Built in 1927, the property might require significant maintenance and potential upgrades, which could be costly for buyers. The age also increases the risk of unforeseen issues related to older construction methods and systems. • Extreme Air Quality Risk: The air quality risk is rated as extreme (9/10), with 16 bad air days per year. This poses a health concern, especially for individuals with respiratory issues, and could require investments in air filtration systems or limit outdoor activity. • Potential for hidden issues: Older homes like this can have hidden problems that are not immediately apparent, such as foundation issues, outdated plumbing, and electrical systems, which can lead to expensive repairs and upgrades.