514 Pangborn Blvd

200K

3 beds

1 baths

1,200 sqft

3 bd • 1 ba • 1,200 sf

This analysis was generated on 2/26/2025. 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

$200,000

Price/Sq.Ft

$167

Year Built

AI Property Analysis

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

The Good

• Affordable Price per Square Foot: At $166.67 per square foot, the property offers an attractive price point compared to other homes in the Hagerstown area. This can be a significant advantage for budget-conscious buyers. • Potential for Customization: The lack of specified features allows buyers to personalize the property to their tastes and needs, offering a blank canvas for renovations and upgrades. • Three Bedrooms: The presence of three bedrooms provides ample space for families or individuals needing extra rooms for guests, home offices, or hobbies. The average rent for a 3-bedroom property in Hagerstown is $1690, showing the income potential. • Accessible Price Point: With a listing price of $200,000, this property is positioned competitively within the Hagerstown market. This can attract a broader pool of potential buyers.

The Bad

• Lack of Property Details: The absence of property features and room details makes it difficult to assess the property's true value and condition. Buyers must rely heavily on inspections and personal walkthroughs. • Unknown Construction Year: This introduces uncertainty about the property's structural integrity and potential for outdated systems, potentially leading to higher maintenance costs. • One Bathroom: Having only one bathroom for a three-bedroom house may be inconvenient for families or multiple occupants. This could affect the property's appeal and resale value. • No Property Description: The absence of a property description limits the ability to understand the unique selling points and potential drawbacks of the home.

The Ugly

• Potential for Costly Repairs: The unknown construction year and lack of property details raise concerns about the potential for significant repairs related to outdated systems, structural issues, or environmental hazards. • Limited Appeal to Discerning Buyers: The absence of modern amenities and detailed information may deter buyers seeking move-in-ready homes with specific features. • Risk of Unexpected Expenses: Without a thorough inspection, buyers may encounter unforeseen expenses related to hidden problems, code violations, or necessary upgrades. • Uncertainty Regarding Property Value: The lack of comprehensive information makes it challenging to accurately assess the property's market value and potential for appreciation.

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

• Buyers Seeking Affordability: With a price of $200,000, this property offers an accessible entry point to homeownership in Hagerstown, particularly attractive for first-time buyers or those with budget constraints. • Investors Targeting Rental Income: The property's potential rental income of $1,690/month (based on 3-bedroom rental rates) makes it a viable option for investors seeking a steady cash flow in the Hagerstown rental market. • Buyers Prioritizing Location: Pangborn Blvd's proximity to local amenities, schools, and transportation hubs makes this property suitable for those who value convenience and accessibility. • Buyers Comfortable with Older Homes: This house appeals to individuals who appreciate the charm and character of older homes and are willing to undertake potential renovations or upgrades.

Not For

• Buyers Requiring Modern Amenities: The property's lack of listed features and unknown construction year may deter buyers seeking modern, updated homes with contemporary amenities. • Buyers with Limited Renovation Budgets: Potential repair needs associated with an older home could be a barrier for buyers with strict budget constraints or those unwilling to undertake extensive renovations. • Buyers Seeking Low-Maintenance Properties: The age of the property suggests a higher likelihood of ongoing maintenance and repairs, making it unsuitable for buyers prioritizing low-maintenance living. • Buyers Sensitive to Environmental Hazards: The potential presence of lead paint or asbestos may discourage buyers with health concerns or those unwilling to deal with remediation processes.

Demographics

Area Median Income

$73,397

Property History

Price History

Ownership Timeline

$200,000Cash Purchase

Jan 13, 2025

Brothers Express Enterprises LlcPolidecto Hernandez

Deed