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4306 Shalom Creek Ln
Spring, TX

4306 Shalom Creek Ln

$264,900
4 bd • 3 ba • 2,029 sf

This analysis was generated by artificial intelligence on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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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

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 111°F

windSEVERE

Insurance: Required

airMODERATE

3 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Age of the Home: The home was built in 1980, which means that the systems (HVAC, plumbing, electrical) may be nearing the end of their lifespan and could require costly repairs or replacement. A thorough inspection is crucial to identify potential problems. • Foundation Issues: Spring's clay-rich soil can lead to foundation problems, which are costly to repair. A professional inspection is highly recommended to assess the foundation's condition. Signs of foundation issues include cracks in walls and floors, uneven floors, and doors that stick. • Pest Infestations: The warm, humid climate in Spring is conducive to pests like termites, ants, and mosquitoes. A professional pest inspection is recommended to identify potential infestations and implement preventative measures. Ongoing pest control services may be necessary. • High Heat Risk: With a severe heat risk (8/10) and 7 hot days per year, the property's energy consumption for cooling may be higher, leading to increased utility costs. The 98th percentile temperature of 111°F indicates that the HVAC system must be in good condition. • High Wind Risk: The severe wind risk (8/10) may increase the cost of homeowners insurance and increase the risk of damage to the property during severe weather. Buyers should be prepared for potentially higher insurance premiums. • Market Volatility: The property's history shows multiple price changes and failed pending sales, indicating some volatility in its market appeal. Buyers should be aware of the potential for fluctuations in property values and should be prepared to negotiate if the home has been on the market for an extended time. • Traffic and Development: The rapid growth in Spring can lead to increased traffic and potential noise from nearby construction. Buyers should consider their commute and the potential impact of ongoing development on the surrounding area. The property has been on the market for 76 days, which is above the average for this area.
Insurance
Annual Cost

$954

$79 per month

Financials

Monthly Costs
Market Rent (4 bed)

$3,180

Get a detailed rental estimate on Zillow®
HOA Fee

$27

Price History

Property Taxes

$4,581
2024 Tax Assessment
8.7%from previous year
Assessed Value$246,000
Tax Rate1.86%

Location & Comparables

Subject Property
Comparable Sales
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