502 Iron Lantern Dr

• Updated Kitchen: The updated kitchen with granite countertops and stainless steel appliances adds significant value • Hardwood Flooring: The presence of hardwood flooring in the living areas enhances the aesthetic appeal and value • Built-in Desk Area in Kitchen: The built-in desk area in the kitchen provides a functional workspace and adds value • Granite Countertops in Kitchen • Stainless Steel Appliances • Hardwood Flooring • Updated Kitchen Cabinets • Price Position: The property is listed at $197.29 per sqft, which is higher than the median price per sqft of $174 for the 63011 zip code. • Appreciation Trend: Homes in 63011 have sold for 3.7% more than they did a year ago, indicating moderate appreciation. • Negotiation Opportunity: The property has been on the market for 75 days, significantly longer than the 'quick sale' timeframe of under 30 days seen for 20 homes in the area, suggesting it's not moving as fast as other properties. • Investment Opportunity: After $9,500 in renovations, potential $5,600 equity gain (58.9% ROI) • Rental Income: $2,210/month with 90% occupancy (0.1% cap rate) • Schools: Proximity to Parkway West High School is a selling point, potentially adding a 3-5% premium to property values compared to similar homes in less desirable school zones. • Future Development: No specific planned developments are identified in the immediate vicinity that would significantly impact the property. • The property appears to have good natural light, especially in the kitchen and living areas, due to the large windows and sliding doors. The bedrooms also have adequate natural light. • The layout is functional with good flow between the kitchen, dining, and living areas. The open concept kitchen and family room area is a desirable feature. The bedrooms are adequately sized, but the bathrooms are small.