Score
0Okemos, MI
4457 Wausau Rd
497K
5 beds
5 baths
4,200 sqft
5 bd • 5 ba • 4,200 sf
This analysis was generated on 2/26/2025. 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
$496,800
Price/Sq.Ft
$118
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large square footage: At 4,200 sq ft, the property offers ample living space, suitable for large families or those who value spaciousness. This is significantly above the average home size in Okemos.
• Numerous bedrooms and bathrooms: With 5 bedrooms and 5 bathrooms, the property provides privacy and convenience for multiple occupants, reducing conflicts over shared facilities.
• Below-average price per square foot: At $118.29/sq ft, the property is priced below the typical Okemos average, potentially offering good value for the size. More information is needed on prices per sqft in the area.
• Proximity to amenities: Okemos is located near Lansing, offering access to a range of amenities, including shopping centers, restaurants, and cultural attractions. Specific distances to these amenities would further enhance this advantage.
• Strong rental market: The presence of Michigan State University contributes to a strong rental market, making the property potentially attractive to investors seeking rental income. Median rental rates for larger properties are strong, with 4-bedroom rentals averaging $1650/month.
The Bad
• Unknown build year: Without knowing the construction date, assessing the property's structural integrity and potential for outdated systems (plumbing, electrical, HVAC) is impossible. Older homes may require costly upgrades to meet modern safety standards.
• Lack of property description: The absence of detailed features makes it difficult to assess the property's current condition or suitability for specific needs. Key information such as the type of heating system, roofing material, or window quality is missing.
• High number of bedrooms and bathrooms: While offering ample space, 5 bedrooms and 5 bathrooms may indicate higher property taxes and utility costs compared to smaller homes in the area. Maintenance demands for numerous bathrooms can also be significant.
• No utility information: The lack of details on utilities (gas, electricity, water) makes it challenging to estimate monthly operating costs. This is a major drawback, as utility bills can significantly impact affordability.
• Limited market context: While the median income and rental rates are provided, information on recent sales trends, inventory levels, and days on market is missing. This limits the ability to assess whether the property is competitively priced.
The Ugly
• Unknown build year: This could indicate significant hidden problems, such as outdated wiring, plumbing issues, or structural damage, requiring extensive and costly repairs. Asbestos and lead paint are also more likely in houses of unknown age.
• Lack of disclosure: The absence of a property description raises concerns about potential undisclosed issues. The seller's lack of transparency may indicate a desire to conceal negative aspects of the property.
• Potential for high renovation costs: Given the unknown build year, the property may require extensive modernization, including kitchen and bathroom renovations, electrical upgrades, and plumbing replacements. These costs can quickly escalate, exceeding initial estimates.
• Risk of code violations: Older homes may not comply with current building codes, requiring expensive modifications to meet safety standards. This is especially relevant for electrical and plumbing systems.
• Uncertainty about future maintenance: Without knowing the age and condition of major systems (roof, HVAC, foundation), it's difficult to predict future maintenance costs. Unexpected repairs can strain finances and disrupt daily life.
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
• Large families or multi-generational households: The 5-bedroom, 5-bathroom layout offers ample private space for multiple occupants, minimizing shared facilities.
• Buyers prioritizing space and storage: The 4,200 sq ft provides generous living areas and storage options, well-suited for those with extensive belongings or hobbies requiring dedicated space.
• Buyers comfortable with potential updates: Given the unknown build year, the property may require modernization, appealing to those with renovation experience or a desire to customize their living space.
• Investors considering rental income: The property's size and bedroom count make it potentially suitable for renting to student groups or large families, generating consistent rental income. The median 4-bedroom rent is $1650/month in 2023.
• Buyers looking for a property below median price for square footage: The price/sqft of $118.29 is a good deal.
Not For
• Buyers seeking a modern, move-in-ready home: The unknown build year suggests potential for outdated features or deferred maintenance, requiring significant updates.
• Buyers on a strict budget: The large square footage can translate to higher utility bills and maintenance costs, potentially straining limited financial resources.
• Buyers prioritizing walkability or urban amenities: Okemos is primarily suburban, meaning some amenities may require driving. Those preferring immediate access to shops and restaurants may find the location less appealing.
• Buyers seeking minimal upkeep: A large house with an unknown age will likely require ongoing maintenance and potential repairs, demanding time and effort from the homeowner.
Demographics
Area Median Income
$99,093
Property History
Price History
Ownership Timeline
$372,500Financed
Aug 11, 2020Carol J WrubleShelby J Denike, Nicole Sammartino
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 22, 2002Robert J Binder, Carol WrubleCarol J Wruble
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Feb 23, 1999Carol J WrubleCarol J Wruble, Robert J Binder
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$970
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$496,800
Price/sqft
$118
Layout
5 bd•5 ba
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$434,900
14.2%
Your price is 14.2% above average
Median Price
$434,900
14.2%
Based on 1 recent sales
Price per Sq.Ft
$120
1.4%
Your price is 1.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 4682 Huron Hill Drive, Okemos, MI 48864 | $434,900 | 3,628 | 5 | 4 | $1201.3% | 11/11/2024 |
4682 Huron Hill Drive, Okemos, MI 48864
Price: $434,900
Sq.Ft: 3,628
Beds/Baths: 5/4
$/Sq.Ft:
$1201.3%
Sale Date: 11/11/2024
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