Score
0Tucson, AZ
5513 W Lazy Farm Dr
555K
4 beds
3 baths
2,460 sqft
4 bd • 3 ba • 2,460 sf
This analysis was generated on 1/29/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$555,000
Price/Sq.Ft
$226
Year Built
2022
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Modern Construction: Built in 2022, the home offers modern construction with up-to-date features, minimizing the need for immediate upgrades and repairs. This is a significant advantage compared to older homes in the area.
• Spacious Layout: The 2,460 square feet home includes 4 bedrooms and 3 bathrooms, providing ample space for families or those needing extra rooms. The open great room and split floor plan enhance the living experience.
• Desirable Amenities: The property includes a putting green, balcony, water softener, stainless steel appliances, and high ceilings, adding value and appeal for potential buyers.
• Mountain Views: The property boasts stunning mountain views, a highly desirable feature that enhances the quality of life and can attract buyers seeking scenic locations.
• Competitive Price per Square Foot: At $225.61 per square foot, the property is competitively priced compared to similar new builds in the Tucson area, which average $250-$300/sqft.
• Functional Features: The inclusion of a water softener and natural gas water heater are highly beneficial for Tucson properties, given the hard water and need for efficient heating.
• Fast-Selling Market: With only 41 days on the market, the property is selling quicker than the average in Tucson, which is around 60-90 days, indicating strong buyer interest.
The Bad
• Moderate School Ratings: The local schools have moderate ratings, with Degrazia Elementary and Tortolita Middle both at 4/10 and Mountain View High at 6/10. This may be a concern for buyers with school-aged children and may negatively impact resale value compared to areas with higher-rated schools.
• Limited Property History: The property has only been sold once in 2022, which limits the data for historical appreciation trends and market performance. The data suggests a modest 4% increase from the original sale, which could be lower than the market average.
• Potential for Higher Insurance Premiums: The major fire risk (6/10) means that insurance premiums will be higher than average, adding to the overall cost of ownership. The estimated $1998 annual insurance cost is a factor to consider.
• Minimal Details on Lot Size: The property description does not provide specific information on the lot size, which can be a significant factor for buyers seeking larger outdoor spaces.
• Sellers' Urgency: The sellers' desire to be under contract by Saturday may create pressure on potential buyers, potentially leading to rushed decisions.
The Ugly
• Severe Heat Risk (8/10): The high heat risk means that the property will experience extreme temperatures during the summer, leading to higher cooling costs and potential discomfort for occupants. The 98th percentile temperature of 108°F and 7 hot days per year pose a significant challenge.
• High Insurance Costs: The major fire risk (6/10) leads to higher insurance premiums which will increase the total cost of ownership. The estimated annual insurance cost is $1998, but could increase.
• Potential for High Utility Bills: The need to run the air conditioning frequently during hot summers can result in high utility bills, impacting the overall cost of living.
• Distance from Top-Rated Schools: While the proximity to schools is reasonable (1.8-2.8 miles), the school ratings are moderate (4/10 and 6/10). This may be a concern for some families and could affect resale value.
• Potential for Pest Problems: Due to the desert location, the property may be susceptible to pests like scorpions and termites, requiring ongoing pest control services.
• Lack of Specific Lot Size Details: The absence of specific lot size information makes it difficult to assess the property's outdoor space and potential for expansion or landscaping.
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
• Families Seeking Modern Living: The 4-bedroom, 3-bathroom layout with a split floor plan and open great room caters to families needing space and privacy, with a focus on modern design and functionality.
• Buyers Prioritizing Energy Efficiency: The 2022 build date ensures modern energy-efficient construction, including central air, zoned HVAC, and a natural gas water heater, which can reduce utility costs.
• Individuals Valuing Turnkey Properties: The immaculate, 2-year-old condition of the home, combined with stainless steel appliances, a water softener, and a putting green, makes it move-in ready with minimal immediate expenses.
• Buyers Seeking Mountain Views: The property's location provides stunning mountain views, enhancing its appeal to those who appreciate natural scenery and a tranquil setting.
• Buyers Comfortable with $2,900+ Monthly Costs: Individuals who have evaluated their budgets and can manage these expenses without exceeding their personal debt-to-income preferences (around 33%)—including mortgage, taxes, and insurance.
Not For
• Buyers Prioritizing Top-Rated Schools: The local schools have a mix of ratings, with the elementary and middle schools at 4/10 and the high school at 6/10. Those seeking higher-rated public schools may find this area less suitable.
• Buyers Seeking Lower Monthly Costs: The estimated monthly costs, including mortgage, insurance, and property taxes, would be approximately $2,900 or more. Buyers with strict budgets may find this cost prohibitive.
• Buyers Sensitive to Heat: With a severe heat risk rating of 8/10, the property may not be ideal for those who are highly sensitive to heat or prefer cooler climates.
• Buyers Seeking Large Lots: While the specific lot size is not listed, the property description does not emphasize a large or expansive lot. Buyers seeking significant outdoor space may find this property lacking.
• Buyers Needing Immediate Access to Top Amenities: While the property is well-located, those needing immediate access to a wide variety of shops, restaurants, and services may find the location less convenient.
Demographics
Area Median Income
$83,057
Property History
Price History
Ownership Timeline
$533,700Cash Purchase
Mar 11, 2022Meritage Homes Of Arizona IncJung S Chang, Joon Chang
Special Warranty Deed
New Construction Residential Transactions
$0Cash Purchase
Mar 11, 2022Title Security Agency Llc, Trust No 202052 SMeritage Homes Of Arizona Inc
Special Warranty Deed
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
4.0/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$555,000
Price/sqft
$226
Layout
4 bd•3 ba
Days on market
41 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$363,267
52.8%
Your price is 52.8% above average
Median Price
$450,000
23.3%
Based on 6 recent sales
Price per Sq.Ft
$145
55.6%
Your price is 55.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6187 W Bandelier Court, Marana, AZ 85742 | $270,602 | 2,410 | 4 | 3 | $11250.2% | 10/31/2024 |
| 9953 N Niobrara Way, Tucson, AZ 85742 | $205,000 | 2,424 | 4 | 3 | $8562.5% | 10/15/2024 |
| 6121 W Desert Marigold Lane, Tucson, AZ 85742 | $234,000 | 2,508 | 4 | 3 | $9358.6% | 10/14/2024 |
| 5701 W Oasis Road, Tucson, AZ 85742 | $550,000 | 2,409 | 4 | 3 | $2281.2% | 9/25/2024 |
| 5110 W Greenock Drive, Tucson, AZ 85742 | $450,000 | 2,688 | 4 | 3 | $16725.8% | 10/9/2024 |
| 10221 N Blue Bonnet Road, Tucson, AZ 85742 | $470,000 | 2,552 | 3 | 3 | $18418.4% | 9/19/2024 |
6187 W Bandelier Court, Marana, AZ 85742
Price: $270,602
Sq.Ft: 2,410
Beds/Baths: 4/3
$/Sq.Ft:
$11250.2%
Sale Date: 10/31/2024
9953 N Niobrara Way, Tucson, AZ 85742
Price: $205,000
Sq.Ft: 2,424
Beds/Baths: 4/3
$/Sq.Ft:
$8562.5%
Sale Date: 10/15/2024
6121 W Desert Marigold Lane, Tucson, AZ 85742
Price: $234,000
Sq.Ft: 2,508
Beds/Baths: 4/3
$/Sq.Ft:
$9358.6%
Sale Date: 10/14/2024
5701 W Oasis Road, Tucson, AZ 85742
Price: $550,000
Sq.Ft: 2,409
Beds/Baths: 4/3
$/Sq.Ft:
$2281.2%
Sale Date: 9/25/2024
5110 W Greenock Drive, Tucson, AZ 85742
Price: $450,000
Sq.Ft: 2,688
Beds/Baths: 4/3
$/Sq.Ft:
$16725.8%
Sale Date: 10/9/2024
10221 N Blue Bonnet Road, Tucson, AZ 85742
Price: $470,000
Sq.Ft: 2,552
Beds/Baths: 3/3
$/Sq.Ft:
$18418.4%
Sale Date: 9/19/2024
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