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5124 Genoe Dr
Score
0
Fayetteville, NC

5124 Genoe Dr

148K
3 bd • 2 ba • 1,140 sf

This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$148,000

Price/Sq.Ft

$130

Year Built

1999

AI Property Analysis

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

The Good

The property offers excellent value at $129.82/sqft, which is significantly lower than the Fayetteville average of $145/sqft for manufactured homes. The 0.46-acre lot size is generous, providing ample outdoor space and privacy. Recent updates include an en-suite bathroom renovation, adding value. The open concept layout and split floor plan are desirable features. The property includes additional structures (shed, workshop) that add functionality and value. The minimal flood risk (1/10) is a positive aspect, potentially leading to lower insurance costs.

The Bad

The property's age (built in 1999) means it may require more maintenance and updates compared to newer homes. The severe fire risk (7/10) and wind risk (8/10) could lead to higher insurance premiums. The home's manufactured nature may limit financing options and affect long-term appreciation. The property has been on the market for 79 days, suggesting potential issues with marketability or pricing strategy. The local schools have mixed ratings, with the nearest elementary and middle schools scoring 6/10 and 4/10 respectively.

The Ugly

The severe heat risk (8/10) with 7 extremely hot days per year could lead to higher cooling costs and potential health risks. The property's price history shows significant volatility, with a 136.2% increase from 2016 to 2024, which may indicate an overvalued market or potential issues with the property. The median income in the area ($54,276) is relatively low compared to the asking price, which could limit the pool of potential buyers. The property's manufactured nature may lead to faster depreciation compared to traditional homes.

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

This property is best suited for first-time homebuyers or retirees looking for an affordable country home with ample space. It's ideal for those who value outdoor living, with its large lot, screened porch, and sunroom. Investors looking for a potential rental property could benefit from the affordable price point and the area's average three-bedroom rental rate of $1,425/month. Military personnel stationed at nearby Fort Bragg might find this property attractive due to its proximity and affordability.

Not For

This property is not suitable for buyers seeking a traditional stick-built home or those looking for new construction. It's not ideal for families prioritizing top-rated schools, given the mixed school ratings in the area. Buyers with a low tolerance for climate-related risks (particularly fire, wind, and heat) should look elsewhere. Those seeking a home in a more urban setting with easy access to nightlife and extensive amenities would not find this property suitable.
Demographics
Area Median Income

$54,276

Property History

Price History
Ownership Timeline
$50,000Financed
Apr 6, 2001
Rufus S JohnsonJohn W Roye
Deed
Standard Sale (Purchase/Resales)

Property Taxes

$0
2024 Tax Assessment
Assessed Value$52,200
Tax Rate0.00%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

6.0/10
Good

Middle

4.0/10
Average

High

8.0/10
Excellent

Financials

Monthly Costs
Market Rent (3 bed)

$898

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Location & Comparables

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