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4996 Butler Dr
Troy, MI

4996 Butler Dr

$320,000
3 bd • 2 ba • 1,507 sf

This analysis was generated by artificial intelligence on 1/26/2025. 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

$320,000

Price/Sq.Ft

$212

Year Built

AI Property Analysis

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

The Good

• The property is a 3-bedroom, 2-bathroom house: this configuration is suitable for families and is often in demand in suburban areas. This is a standard layout, making it appealing to a wide range of potential buyers. • The price per square foot ($212.34) is reasonable: compared to the median income of $123,388, the price point appears to be within reach for many Troy residents. This suggests that the property is competitively priced for the area. • Troy is a desirable city: Troy is known for its excellent public schools, safe neighborhoods, and convenient access to major highways. These factors make it an attractive place to live and contribute to the property's value. The median income in Troy is $123,388, indicating a strong local economy.

The Bad

• The absence of a specific build year: this makes it difficult to assess the property's condition and remaining lifespan of key components (roof, HVAC, plumbing, etc.). Older homes in Troy often require more maintenance and potential upgrades, which can add to the overall cost. • Lack of detailed property features: the listing does not provide specific information about the property's features, such as the type of flooring, kitchen appliances, or the age of the windows. This lack of detail makes it hard to assess the value and appeal of the home. • No description of the house: the absence of a property description makes it impossible to understand the interior layout, the condition of the rooms, or any unique features the property might possess. This lack of information hinders a potential buyer's ability to evaluate the property.

The Ugly

• The lack of detailed information: without specifics on the build year, property description, or features, it's hard to determine the true condition and value of the property. This creates uncertainty and potential risks for buyers. • Potential for high maintenance costs: older homes often come with unexpected repair needs, especially for critical systems like the roof, HVAC, and plumbing. Without a thorough inspection and more details, the potential for costly repairs is a significant concern. • The image shows snow: this suggests a winter setting, which can obscure potential issues with the yard, landscaping, or the foundation. It also means it might be hard to assess the property without a physical visit, which might not be possible for a remote buyer.

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

• Families or individuals seeking a well-established suburban home in a highly-rated school district. The 3-bedroom, 2-bath layout is suitable for small to medium-sized families. The property is located in Troy which is known for its excellent schools, making this home attractive to families with children. • Buyers who prioritize a convenient location with access to major highways. The image suggests that the property is located in a residential neighborhood, which is typical for Troy. The city's location provides easy access to major highways, facilitating commutes to various parts of the Metro Detroit area. • Homeowners comfortable with potential maintenance needs of an older home. Given the lack of a build year, the property is likely not new construction and may require some degree of maintenance or upgrades. Buyers should be prepared for potential costs associated with that.

Not For

• Buyers seeking a brand new or recently built home. The lack of information about the build year suggests that the property is likely older. This could mean more maintenance and potential updates than a newer home. • Those with limited budgets who are not prepared for potential maintenance and renovation costs. Older homes often require more upkeep, and without knowing the state of the roof, HVAC, and other systems, it's hard to estimate the cost of ownership. • Buyers who prioritize walkability to downtown amenities. The image suggests that the property is in a residential area, which may not be ideal for those who prefer a more urban lifestyle with easy access to downtown attractions.
Demographics
Area Median Income

$123,388

Price Prediction Challenge

Think you know what 4996 Butler Dr will sell for? Put your market expertise to the test!

1 market expert predicted

Join 1 market expert in predicting this property's future. Closest prediction wins Market Expert status + 1 month Premium access!

$400,000
25.0% above list

Average prediction

75%
High confidence

Community consensus

1
Market experts

Total predictions

Recent Predictions

DS
Dennis S.

The house has been fully renovated. All repairs like bathroom/kitchen plumbing and roof has been completed.

1/26/2025
$400,000
75% confidence
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Risk Assessment

Risk Analysis

• Potential for higher property taxes: Troy has relatively high property taxes compared to other areas in Michigan. Buyers should research the specific tax rates for the neighborhood and factor these into their budget. • Risk of basement flooding: Like many areas in Michigan, Troy can be prone to basement flooding. A sewer line inspection and inquiries about the history of flooding in the area are recommended. Look for evidence of past water damage during the home tour. • Potential for unexpected maintenance costs: Given the unknown year built, there is a higher risk of unexpected maintenance or repair costs, especially for older systems like the HVAC, roof, and plumbing. • Possibility of a competitive market: Troy's real estate market is often competitive, which means that buyers may have to bid above the asking price and make quick decisions. This can be a challenge for those not prepared for bidding wars. • Unknown HOA fees: If the property is part of a subdivision, there may be HOA fees. Buyers should inquire about these fees, rules, and regulations.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$338,083

5.7% above list price

Median Price

$340,000

Based on 6 recent sales

Price per Sq.Ft

$215

Comparable Properties

39366 Quinn, Sterling Heights, MI 48310
Price: $340,000
Sq.Ft: 1,405
Beds/Baths: 3/2
$/Sq.Ft:
$24214.0%
Sale Date: 10/8/2024
2542 NADINE Drive, Sterling Heights, MI 48310
Price: $325,000
Sq.Ft: 1,577
Beds/Baths: 3/2
$/Sq.Ft:
$2062.9%
Sale Date: 9/25/2024
40246 RIVERBEND Drive, Sterling Heights, MI 48310
Price: $290,000
Sq.Ft: 1,519
Beds/Baths: 2/2
$/Sq.Ft:
$19110.1%
Sale Date: 9/10/2024
40363 DENBIGH Drive, Sterling Heights, MI 48310
Price: $350,000
Sq.Ft: 1,735
Beds/Baths: 3/2.1
$/Sq.Ft:
$2025.0%
Sale Date: 11/16/2024
39540 CRYSTAL Drive, Sterling Heights, MI 48310
Price: $330,000
Sq.Ft: 1,531
Beds/Baths: 3/2.1
$/Sq.Ft:
$2161.5%
Sale Date: 9/21/2024
2312 Terova Drive, Troy, MI 48085
Price: $393,500
Sq.Ft: 1,680
Beds/Baths: 3/2
$/Sq.Ft:
$23410.3%
Sale Date: 10/8/2024

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