503 N Market St
This analysis was generated on 4/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:00Property Overview
Current Price
$85,000
Fair Range
$60,000 - $75,000
Negotiation Leverage
3 points to consider in your offer
Recommended Offer
AI Rationale
Reflecting the property's condition and needed repairs.
Visual Insights
AI-analyzed spaces with reimagining capabilities
Staircase Condition
The staircase, while ornate, shows signs of wear and tear and needs restoration. The surrounding structure is exposed.
Exposed Framing
Exposed framing and unfinished walls indicate a significant amount of work is needed to bring the property up to habitable standards.
Damaged Flooring
The wooden floors are heavily worn, damaged, and require either refinishing or replacement.
Old Windows
The windows appear to be old and single-paned, which could lead to drafts and energy loss.
Peeling Paint and Weathered Wood
Peeling paint and weathered wood trim on the exterior indicate deferred maintenance and potential wood rot.
Fireplace Condition
The fireplaces are in varying states of disrepair, with exposed brick and missing finishes. Restoration is needed.
Secondary Staircase Condition
The secondary staircase is in poor condition with peeling paint and decorative hearts, indicating a need for replacement or significant restoration.
Outdated Mailbox and Plaque
The mailbox and house number plaque are rusted and outdated, detracting from the curb appeal.
Renovation Assessment
Prioritized renovations based on property inspection and market impact.
High Priority Renovations
Exterior Paint and Trim Repair
Complete Interior Renovation
Flooring Replacement/Refinishing
Note: these are rough estimates. For more accurate estimates, please contact a professional.
Ownership History
Previous ownership changes and transaction details
Pricing History
Historical pricing trends for this property
Monthly Costs
Interactive breakdown of estimated monthly expenses
Upfront Transaction Costs
Estimated costs due at closing, including down payment and fees
* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.
** Buyer agent fees are negotiable and may sometimes be covered by the seller.
Buyer Power Index
Price Trajectory
Historical Market Pulse
Key metrics over time, revealing market momentum and patterns
Negotiation Insight
Days on market increasing 83.3% over the past 3 months suggests growing buyer leverage.
Subject Property
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$183,667
Your price is 53.7% below average
Median Price
$168,000
Based on 3 recent sales
Price per Sq.Ft
$82
Your price is 62.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 515 N Jefferson, Van Wert, OH 45891 | $215,000 | 2,275 | 4 | 2 | $95207.5% | 11/13/2024 |
| 702 W main Street, Van Wert, OH 45891 | $168,000 | 2,220 | 4 | 2 | $76146.3% | 11/15/2024 |
| 702 W Main Street, Van Wert, OH 45891 | $168,000 | 2,220 | 4 | 2 | $76146.3% | 10/19/2024 |
Schools
Nearby school quality by education level
Middle
High
Climate Risks
Assessment of climate-related hazards for this property
Moderate Risk Profile
This property has 0 severe, 0 major, and 1 moderate risk factors
Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.
Sunlight Analysis
Data provided by Shadowmap
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Tour Checklist
Key items to inspect during your property tour
Thoroughly inspect the foundation for cracks, settling, or signs of water damage, especially given the age of the property and minor flood risk.
Examine the framing and structural integrity of the exposed walls and floors, paying close attention to any signs of rot, insect infestation, or previous repairs.
Assess the condition of the roof sheathing from inside the attic, looking for water stains, sagging, or damage to the underlying structure.
Check for any existing electrical wiring and plumbing, noting the materials used (e.g., knob and tube wiring, lead pipes) and their overall condition.
Questions to Ask
Important questions to ask during the tour
What is the history of the renovations? Were permits pulled for any of the work that has been completed or started?
Are there any known structural issues with the property, such as foundation problems, roof leaks, or termite damage?
What is the status of the utilities (water, electricity, gas)? Are they currently connected, and have they been inspected recently?
Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.
Property Discussion
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