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4229 Cedar Lake Rd
Score
62
Chelsea, MI

4229 Cedar Lake Rd

579K
4 bd • 3 ba • 2,609 sf

This analysis was generated on 3/30/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$579,100
+66%vs 48118
Price/Sq.Ft
$222
+14%vs 48118
Above Fair Value
1.6% above range

Current Price

$579,100

Fair Range

$540,000 - $570,000

$579,100
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$560,000
Success Probability:High(65%)

AI Rationale

Reflects fair market value adjusted for necessary repairs and market conditions. Seller motivation due to DOM and market trends supports the offer.

Overall Score
63
75
Home Condition
75
Natural Light
47
Value
72
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Dated Wood Trim
Dated Wood Trim

Dated Wood Trim

The wood trim around the windows and doors throughout the house appears dated and could benefit from being updated.

Laminate Flooring
Laminate Flooring

Laminate Flooring

The laminate flooring throughout the house is functional but lacks the appeal and value of hardwood floors.

Dated Laundry Room
Dated Laundry Room

Dated Laundry Room

The laundry room has dated flooring and basic fixtures.

Aging Deck
Aging Deck

Aging Deck

The deck appears to be aging and could benefit from refinishing or replacement to ensure safety and longevity.

Outdated Bathroom Fixtures
Outdated Bathroom Fixtures

Outdated Bathroom Fixtures

The bathroom has an older vanity and flooring.

Garage Floor
Garage Floor

Garage Floor

The garage has a basic concrete floor that shows wear and staining.

Unfinished Garage Walls
Unfinished Garage Walls

Unfinished Garage Walls

The outbuilding/garage has unfinished plywood walls, which are not aesthetically pleasing and offer minimal insulation.

Weathered Deck
Weathered Deck

Weathered Deck

The deck appears weathered and the wood is showing signs of wear. The stain is faded and there are visible cracks.

Unfinished Basement
Unfinished Basement

Unfinished Basement

The basement is unfinished with exposed ceiling and basic flooring.

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

Apr
2019
$342,000Financed
April 24, 2019
From:Peggy Liggit
To:Matthew R Alter, Rebecca M Alter
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
$579,100
-30%List: $579,100+30%
20%
$115,820of $579,100
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year, HOA: $17/month

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$154,652
Closing Costs
+$38,832
Down Payment
$115,820
Buyer Agent Fee
$14,767
Loan Fees
$4,633
Title & Escrow
$3,475
Inspections
$900
Transfer Tax
$6,370
Prepaid Expenses
$8,687

* 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
0 days
vs 32 day average
This is a new listing, while homes in this area typically sell in 32 days
Inventory Health
31
homes for sale
12 homes sold last month, indicating 2.6x more supply than demand
Price Dynamics
101.1%
of asking price
Homes typically sell for 1.1% above asking price

Price Trajectory

$460,000
Current median price
-20.5%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly heating
Prices are up 7.9% over the last 3 months
3 Months
+7.9%
6 Months
+9.0%
1 Year
-20.5%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 88.1% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$460,000
3 Months Ago
$240,000
+91.7%

Schools

Nearby school quality by education level

Middle

9.0/10
Excellent

High

10.0/10
Excellent

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 1 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

Inspect the pole barn's electrical panel and wiring for proper grounding and any signs of amateur work.

Thoroughly inspect the solar panel array for any visible damage, loose connections, or signs of wear and tear.

Inspect the deck thoroughly for signs of rot, insect damage, loose railings, and unstable support posts.

Inspect the basement for any signs of moisture, mold, or water damage, especially around the foundation walls.

Questions to Ask

Important questions to ask during the tour

Can you provide documentation for the solar panel system, including its installation date, warranty information, and any performance guarantees?

What is the average monthly cost of electricity after the installation of the solar panels?

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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