masterkey logo
4256 Lindsey Dr
Score
0
Decatur, GA

4256 Lindsey Dr

140K
3 bd • 2 ba • 1,325 sf

This analysis was generated on 1/30/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$139,500

Price/Sq.Ft

$105

Year Built

1953

AI Property Analysis

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

The Good

• Relatively affordable price: At $139,500, the property offers a more accessible entry point into the Decatur market compared to the area's high property values. • Spacious 3-bedroom, 2-bath layout: The home provides ample living space with 3 bedrooms and 2 bathrooms, suitable for small families or individuals seeking extra room. • Hardwood floors: The presence of hardwood floors is a desirable feature that can enhance the property's appeal and value. • Detached garage: The detached garage offers additional storage and parking space, which is a plus for many buyers. • New vinyl windows: The new vinyl windows can improve energy efficiency and reduce maintenance costs. • Private yard: The private yard offers outdoor space for recreation and relaxation. • Storage: The property also includes extra storage, which is a desirable feature. • Potential for rental income: The property's rental rate for a 3-bedroom home in Decatur is $1890/month, which suggests a high potential for rental income. • Minimal flood and fire risk: The property has a minimal flood and fire risk (1/10) which can result in lower insurance premiums.

The Bad

• Below-average school ratings: The local schools are rated 4/10, 3/10, and 1/10, which is below the average for the region, potentially impacting resale value for families with school-aged children. • Major air quality and wind risk: The air quality and wind risk are both rated as major (5/10), which may lead to higher insurance premiums and added maintenance costs. The 7 bad air days per year and 7 hot days per year are concerning. • Need for potential updates: The property description mentions 'plenty of potential,' implying that some level of updates or renovations may be required, potentially adding to the total cost of ownership. • Older home: The property was built in 1953, which may mean that it requires more maintenance, has older systems and may have hidden issues. This can lead to unexpected costs for buyers. • Limited information: The property description is fairly vague, making it hard to assess the condition of the property. A thorough inspection is needed. • Price history: The recent price changes indicate a potential flip attempt, which is a red flag and suggests that the property may be overpriced.

The Ugly

• Hidden costs from an older home: The property's age (1953) means that there may be hidden issues (plumbing, electrical, foundation) that could result in unexpected repair and renovation costs. Buyers should budget for these possibilities. • Unclear upgrade details: While new vinyl windows are mentioned, the extent of other upgrades is not clear, potentially leading to additional costs for renovations and repairs. • Below-average school ratings: The low school ratings (4/10, 3/10 and 1/10) will negatively impact the property's value for families with school-aged children. • High climate risks: The major air quality and wind risk (5/10) could result in higher insurance premiums and additional costs for mitigation measures. • Potential for higher property taxes: Due to rapid appreciation, property taxes in Decatur can increase over time, which can impact the overall cost of ownership. • Market competition: Decatur is a competitive market, which can result in bidding wars and potentially drive up the purchase price beyond the buyer's budget. • Recent price changes: The recent price changes and flip attempt indicate a higher risk and that the property may be overpriced. The fact that the seller listed at 36.4% higher than they bought it for is concerning.

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

• First-time homebuyers looking for an entry-level property in Decatur: The price point of $139,500 is relatively affordable compared to the area's median home value, making it an accessible option for those entering the market. The property's 3 bedrooms and 2 bathrooms provide adequate space for a small family or individuals seeking extra room. • Investors seeking rental properties with potential for value-add: The home's existing features, such as hardwood floors and a detached garage, offer a solid base for renovations and upgrades to increase rental income and property value. The property's listed rent of $1890/month for a 3-bedroom suggests a strong potential for cash flow. The recent price decrease of 7% also improves the potential for return on investment. • Buyers interested in a property with a private yard and storage: The property features a private yard and storage space, which are desirable attributes for both homeowners and tenants. These features can enhance the property's appeal and command higher rental rates or resale value. • Buyers who are comfortable with a property requiring some updates: The property description mentions 'plenty of potential', implying that some updates or renovations may be needed. This may appeal to buyers willing to invest sweat equity or those seeking to customize a home to their preferences.

Not For

• Buyers seeking a fully updated, move-in ready home: The property description indicates that it has 'plenty of potential', suggesting that it requires some level of renovation or upgrades. Buyers looking for a turn-key property may find this unsuitable. • Buyers with a strict budget and no room for unexpected costs: Given that the home was built in 1953, there may be potential for unexpected maintenance or repair costs. Buyers with limited funds may be better off considering a newer property. • Buyers who prioritize top-rated schools: The local schools are rated as 4/10, 3/10 and 1/10, which is below average. Buyers with school-aged children who prioritize education may not find this property ideal. • Buyers sensitive to air quality and wind risk: The air quality and wind risk for the property are rated as major (5/10), which may be a concern for some buyers. Those with respiratory issues or sensitivity to wind may prefer a location with lower risk scores.
Demographics
Area Median Income

$46,169

Property History

Price History
Ownership Timeline
$110,000Cash Purchase
Nov 1, 2024
Timothy Lee Conaway, Timothy L ConawayMls Holdings Group Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Oct 30, 2024
Young & Young Properties Llc, David YoungTimothy Lee Conaway, Gina Conaway
Quit Claim Deed
Non-Arm's Length Transactions

Property Taxes

$1,634
2023 Tax Assessment
3.3%from previous year
Assessed Value$65,760
Tax Rate2.49%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

airMODERATE

7 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 105°F

windMODERATE

Insurance: Required

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Age of the property: Built in 1953, the home may require significant updates to comply with modern building standards and ensure structural integrity. This could lead to unexpected repair costs. • School ratings: The local schools are rated 4/10, 3/10, and 1/10, which may be a concern for families with school-aged children and may also impact future property values. • Major air quality and wind risk: The property has a major air quality and wind risk, which may lead to higher insurance costs and may require additional maintenance and safety precautions. • Potential for hidden issues: As with older homes, there is a risk of hidden issues, such as plumbing or electrical problems, which could lead to unexpected expenses during or after the purchase. • Competition in the Decatur market: Decatur has a competitive market, and there is a risk of potential bidding wars, which could drive up the purchase price and potentially exceed the buyer's budget. • Unclear details on upgrades: While the description mentions new vinyl windows, it is unclear what other upgrades were recently completed. A thorough inspection is necessary to determine the full scope of any needed repairs. • Potential for higher property taxes: With rapid appreciation in Decatur, property taxes can increase over time. Buyers should budget for potential increases in property taxes.
Insurance
Annual Cost

$502

$42 per month

Price Prediction Challenge

Think you know what 4256 Lindsey Dr will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Schools

Canby Lane Elementary School

Public•Grades PK-5
5/10
Elementary
544 students

Towers High School

Public•Grades 9-12
3/10
High
957 students

Mary Mcleod Bethune Middle School

Public•Grades 6-8
2/10
Middle
858 students

Financials

Monthly Costs
Market Rent (3 bed)

$1,890

Get a detailed estimate on Zillow®
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$139,500
Price/sqft
$105
Layout
3 bd•2 ba
Days on market
65 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$204,133

31.7%

Your price is 31.7% below average

Median Price

$210,000

33.6%

Based on 6 recent sales

Price per Sq.Ft

$150

29.8%

Your price is 29.8% below average $/sqft

Comparable Properties

1753 Lee Street, Decatur, GA 30035
Price: $179,900
Sq.Ft: 1,264
Beds/Baths: 3/2
$/Sq.Ft:
$14235.2%
Sale Date: 11/28/2024
1753 Lee Street, Decatur, GA 30035
Price: $179,900
Sq.Ft: 1,264
Beds/Baths: 3/2
$/Sq.Ft:
$14235.2%
Sale Date: 11/21/2024
1672 Camperdown Circle, Decatur, GA 30035
Price: $175,000
Sq.Ft: 1,374
Beds/Baths: 3/2
$/Sq.Ft:
$12721.0%
Sale Date: 11/6/2024
4296 Langdon Drive, Decatur, GA 30035
Price: $210,000
Sq.Ft: 1,312
Beds/Baths: 3/2
$/Sq.Ft:
$16052.0%
Sale Date: 10/5/2024
2176 Leslie Brook Drive, Decatur, GA 30035
Price: $240,000
Sq.Ft: 1,455
Beds/Baths: 3/2
$/Sq.Ft:
$16556.7%
Sale Date: 10/17/2024
2176 Leslie Brook Drive, Decatur, GA 30035
Price: $240,000
Sq.Ft: 1,455
Beds/Baths: 3/2
$/Sq.Ft:
$16556.7%
Sale Date: 10/17/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings
$4,185
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results

Similar Properties

No similar properties found at this time.

View All Properties