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510 Seven Devils Rd
Score
0
Banner Elk, NC

510 Seven Devils Rd

881K
4 bd • 4 ba • 2,403 sf

This analysis was generated on 3/5/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$880,800

Price/Sq.Ft

$367

Year Built

AI Property Analysis

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

The Good

• Large Deck: Expansive outdoor living space with potential for entertaining and enjoying the views • Landscaping: Mature landscaping adds curb appeal and privacy • Mountain Views: Scenic mountain views enhance the property's desirability • Multi-level Deck • Attached Garage • Price Position: Unable to compare price per sqft to comparable properties due to missing market data. • Appreciation Trend: Historical appreciation rates cannot be determined due to lack of market data. • Potential Equity: Property could be worth up to $44,200 more than the asking price • Rental Income: $2,400/month with 90% occupancy • Schools: The impact of school quality on property values cannot be determined due to a lack of available data. • Future Development: Without access to local market context data, information on planned developments or changes in the area is unavailable. • The large windows and doors on the deck side of the house suggest good natural light in those areas. The surrounding trees may limit light in other areas. • The layout appears to be functional, with decks accessible from multiple levels. The placement on the hillside maximizes views.
Large Deck

Large Deck

Expansive outdoor living space with potential for entertaining and enjoying the views.

Landscaping

Landscaping

Mature landscaping adds curb appeal and privacy.

Mountain Views

Mountain Views

Scenic mountain views enhance the property's desirability.

The Bad

• Lack of available market data makes risk assessment challenging. Further research is needed to identify potential risks related to interest rates, market saturation, or local economic factors. • Climate Risk: A comprehensive climate risk assessment is needed to determine specific insurance implications. This assessment should evaluate potential risks such as flooding, wildfires, and severe weather events to estimate potential insurance costs.

The Ugly

No critical issues identified

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

Rental Property Investors: Potential annual revenue of $28,800 with 90% occupancy rate Value Investors: Projected 7.9% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$0

Sunlight Analysis

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Sunlight Analysis

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Financials

Monthly Costs
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$880,800
Price/sqft
$367
Layout
4 bd4 ba
0

Stats in the Area

Based on 4 comparable properties nearby

Average Price

$334,750

163.1%

Your price is 163.1% above average

Median Price

$610,000

44.4%

Based on 4 recent sales

Price per Sq.Ft

$284

29.1%

Your price is 29.1% above average $/sqft

Comparable Properties

208 Little Boulder Lane, Seven Devils, NC 28604
Price: $660,000
Sq.Ft: 2,366
Beds/Baths: 4/3
$/Sq.Ft:
$27923.9%
Sale Date: 12/6/2024
591 W Tweetsie Lane, Banner Elk, NC 28604
Price: $610,000
Sq.Ft: 2,107
Beds/Baths: 3/3
$/Sq.Ft:
$29021.0%
Sale Date: 9/19/2024
TBD Devils Lake Drive, Seven Devils, NC 28604
Price: $10,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/6/2024
TBD Greencove Drive, Seven Devils, NC 28604
Price: $59,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/24/2024

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