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426 Ezra Dr
Score
0
Buchanan, VA

426 Ezra Dr

630K
4 bd • 4 ba • 2,358 sf

This analysis was generated on 2/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$629,900

Price/Sq.Ft

$267

Year Built

2005

AI Property Analysis

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

The Good

• Large 10-Acre Lot: The property offers ample space and privacy, making it ideal for outdoor activities and recreation. The median lot size for single-family homes in Buchanan is typically between 0.5 and 1 acre, making this property significantly larger. • Superior Construction: The home features walnut hardwood floors, granite countertops, Trex decking, and cement fiber siding, indicating high-quality materials and construction. • Excellent Schools: The property is located near highly-rated schools, with Buchanan Elementary School, Central Academy Middle, and James River High School all receiving a rating of 8/10. • Minimal Flood Risk: The property has a minimal flood risk (1/10) and is located in FEMA Zone X_UNSHADED, indicating a low probability of flooding.

The Bad

• High Price per Square Foot: At $267.13 per square foot, the property is priced higher than some comparable homes in the area. The median home value in Buchanan is approximately $250,000, which is substantially lower than the listing price of this property. • Extended Time on Market: The property has been on the market for 261 days, which is significantly longer than the average for the area. This could indicate issues with pricing, condition, or market appeal. • Major Heat Risk (5/10): The property is susceptible to high temperatures, with an average of 7 hot days per year and a 98th percentile temperature of 99°F. This could result in higher energy bills and discomfort during the summer months.

The Ugly

• Potential Septic System Issues: Homes built in 2005 may be nearing the end of their septic system's lifespan. Replacement costs can range from $5,000 to $20,000 or more, depending on the system and local regulations. • High Estimated Insurance Costs: The estimated insurance cost of $2267.64 per year is relatively high, potentially due to the fire risk and the size of the property. • Reliance on Electric Heat Pumps: Electric heat pumps can be less efficient than other heating systems, especially in colder climates. This could result in higher energy bills during the winter months.

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

• Buyers Seeking Privacy and Outdoor Recreation: The 10-acre lot offers ample space for outdoor activities like hiking and canoeing, appealing to those who value privacy and a connection with nature. • Buyers Interested in a Multi-Level Home with Flexible Living Spaces: With three finished levels, four bedrooms, and multiple living areas, this property suits those who desire flexible living arrangements. • Buyers Open to Exploring Short-Term Rental Potential: The property is described as having "fantastic opportunity" for Airbnb, which will appeal to those seeking income-generating potential. Estimated rental revenue is $1533/month. • Buyers Comfortable with Estimated Monthly Costs of $3,270+ : Individuals who have evaluated their budgets and can manage these expenses without exceeding their personal debt-to-income preferences (around 33%)—including mortgage, taxes, insurance, and utilities.

Not For

• Buyers Seeking a Low-Maintenance Property: The 10-acre lot will require ongoing maintenance, which may not be suitable for those seeking a low-maintenance lifestyle. • Buyers on a Tight Budget: The price point of $629,900 and estimated monthly costs of $3,270+ may be prohibitive for buyers on a tight budget. • Buyers Requiring Urban Amenities: Buchanan is a small town with limited shopping, dining, and entertainment options, which may not appeal to those who prefer urban amenities. • Buyers with Concerns About Fire Risk: The Major (5/10) fire risk could deter buyers who are particularly concerned about this environmental hazard.
Demographics
Area Median Income

$53,116

Property History

Price History
Ownership Timeline

Property Taxes

$3,292
2024 Tax Assessment
20.9%from previous year
Assessed Value$470,300
Tax Rate0.70%

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

8.0/10
Excellent

Middle

8.0/10
Excellent

High

8.0/10
Excellent

Financials

Monthly Costs
Market Rent (4 bed)

$723

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$629,900
Price/sqft
$267
Layout
4 bd4 ba
Days on market
50 daysat time of analysis

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$47,000

1240.2%

Your price is 1240.2% above average

Median Price

$47,000

1240.2%

Based on 1 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

Lot 4 Solitude RD, Buchanan, VA 24066
Price: $47,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/21/2024

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