Score
0Spring, TX
4306 Shalom Creek Ln
265K
4 beds
3 baths
2,029 sqft
4 bd • 3 ba • 2,029 sf
This analysis was generated on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$264,900
Price/Sq.Ft
$131
Year Built
1980
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Spacious Layout: With 4 bedrooms, 2 full baths, and a half bath, the property offers ample space for a family. The 2,029 square feet of living space is generous, and the upstairs bedrooms allow for separation between living and sleeping areas.
• Pool and Outdoor Space: The backyard pool is a major highlight, offering a private recreational space. The expansive patio and covered patio provide great areas for outdoor gatherings and entertaining, adding to the home's appeal, especially in the Texas climate.
• Proximity to Schools: The property is located near Roth Elementary (0.3 miles away), which has a good rating (7/10). This makes the location attractive for families with young children. The proximity to Schindewolf Intermediate and Klein Collins High School is also convenient for families with older children.
• Functional Features: The home includes desirable features like a fireplace, an island with a cooktop in the kitchen, a pantry, a dishwasher, and a microwave. These features add convenience and functionality to the home.
• Minimal Flood and Fire Risk: The property has a minimal flood risk (1/10) and a minimal fire risk (1/10), which means that insurance costs may be lower. The property is in FEMA Zone X_UNSHADED, which is a low-risk flood area.
The Bad
• Older Home: Built in 1980, the house will likely require updates and repairs, which can be costly and time-consuming. Buyers need to be prepared for potential maintenance issues with older systems (plumbing, electrical, HVAC) and the roof.
• School Ratings: While Roth Elementary has a good rating (7/10), the intermediate and high schools have lower ratings (5/10), which may be a concern for families with older children. This may affect the long-term appeal for some buyers.
• Price per Square Foot: At $130.56 per square foot, the property is priced at the higher end of the Spring market. This might make it less competitive compared to newer homes in the area with similar square footage. Buyers may want to compare this to other properties in the same school zone.
• Previous Rental History: The property has a history of being listed for rent with fluctuating prices, which could indicate that it was not generating sufficient rental income. Multiple listings and price changes over a short period could raise concerns about the long-term viability of renting this property. This is especially relevant if the buyer is considering this property as an investment.
• Days on Market: The property has been on the market for 76 days, which is higher than the average for Spring. This could indicate that the property is overpriced or has some issues that are deterring buyers.
The Ugly
• Potential Foundation Issues: Given the age of the home (built in 1980) and the clay-rich soil in Spring, there is a high risk of foundation problems. Repairs can be very expensive, potentially costing thousands of dollars. A thorough inspection is essential, and buyers should be prepared for this potential expense.
• HVAC and System Age: The HVAC system, plumbing, and electrical systems are all over 40 years old and may be nearing the end of their lifespan. This could result in costly repairs or replacements in the near future. Buyers should budget for these potential expenses.
• Severe Heat and Wind Risk: The property has a severe heat risk (8/10) and a severe wind risk (8/10). These risks can lead to higher insurance premiums, increased energy costs for cooling, and potential damage during severe weather. Buyers should be aware of these risks and factor them into their budget. The 98th percentile temperature of 111°F also means the HVAC system is likely to be under significant stress during summer months.
• High Maintenance Costs: Older homes typically require more maintenance. Buyers should be prepared for ongoing expenses related to repairs, pest control, and upkeep. The pool, in particular, will require regular maintenance and upkeep costs. The description of the house and yard in the picture suggest they will need some work.
• Market Volatility: The property's history of multiple price changes and failed pending sales indicates some volatility in the market. Buyers should be aware that the value of the property could fluctuate and that they should not overpay for this property.
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
• Growing Families: The four bedrooms, two full baths, and a half bath provide ample space for a family, especially one with children. The upstairs bedroom layout allows for privacy and separation between living and sleeping areas.
• Buyers Seeking a Pool: The backyard pool is a significant draw for those wanting a private recreational space. The covered patio extends the usability of the outdoor area, which is ideal for those who enjoy outdoor living and entertaining.
• Homeowners Comfortable With Older Homes: Given the home was built in 1980, buyers should be comfortable with the potential maintenance and updates that come with a home of this age. This might appeal to those looking for a home with character and willing to invest in renovations.
• Buyers Prioritizing Location: The home's location near Roth Elementary (7/10 rating) is a big plus for families with young children. The proximity to Schindewolf Intermediate and Klein Collins High School is also beneficial for families with older children.
• Buyers with a Moderate Income: The median income in Spring is $92,211 and the estimated mortgage payment (assuming 20% down and a 7% interest rate) would likely fall within the budget of a household with a similar or higher income, making this property affordable for a wide range of buyers.
Not For
• First-Time Home Buyers Seeking Low Maintenance: Given that the home was built in 1980, it will likely require ongoing maintenance and updates. Buyers looking for a turnkey, low-maintenance property may find this home too demanding.
• Buyers with Limited Budgets: The property is priced at $130.56 per square foot, which is higher than the median home value in Spring. Buyers with a strict budget may find the price prohibitive. Additional costs for maintenance, potential foundation issues, and pest control should also be considered.
• Buyers Sensitive to Heat and Wind: The property has a severe heat risk (8/10) and severe wind risk (8/10). Those sensitive to high temperatures and strong winds may find this location less desirable.
• Buyers Seeking Modern Open Floor Plans: While the description mentions an open floor plan, it is common for homes built in 1980 to have more traditional layouts. Buyers seeking a modern, open concept may find the layout less appealing.
• Buyers Requiring New or Updated Systems: With the home being over 40 years old, the HVAC, plumbing, and electrical systems may need updating. Buyers wanting newer systems may find this property unsuitable without significant upgrades.
Demographics
Area Median Income
$92,211
Property History
Price History
Ownership Timeline
$0Financed
Apr 6, 2022Sfr Texas Sub 2022 1 Llc, Sfr Texas Acquisitions 1 LlcSfr Borrower 2022 1 Llc
Special Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Aug 19, 2021Wilmington Trust National Association, Opendoor Property Trust IHp Texas I Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 1, 2021Arsenio De LeonOpendoor Property Trust I
Warranty Deed
Non-Residential Arm's Length Transactions
Property Taxes
$4,581
2024 Tax Assessment
8.7%from previous year
Assessed Value$246,000
Tax Rate1.86%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.7/10
AverageMiddle
7.5/10
GoodHigh
6.0/10
GoodFinancials
Monthly Costs
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