583 Willow Ct

395K

3 beds

2 baths

1,685 sqft

3 bd • 2 ba • 1,685 sf

This analysis was generated on 2/5/2025. 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

$395,000

Price/Sq.Ft

$234

Year Built

1999

AI Property Analysis

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

The Good

• Location in Gated Community: The property is located in the Collier Club, a gated community, which offers added security and potential amenities such as a clubhouse, pool, and exercise room. • Good Elementary School: The property is located near Sebastian Elementary School, which has a good rating (9/10). This is a significant advantage for families with young children. • Open Floor Plan: The property features an open floor plan, which is a popular design choice that creates a spacious and airy feel. • Roof Replaced in 2018: The roof was replaced in 2018, which is a positive feature as it reduces the likelihood of needing a new roof in the near future. • Climate Risk: The property has minimal flood and air quality risks (1/10).

The Bad

• Extended Market Time: The property has been on the market for 357 days. The average days on market in Sebastian is significantly lower, suggesting potential issues with the property, pricing, or marketing. • Multiple Price Reductions: The property has undergone several price reductions in the past year, totaling a significant decrease from the initial listing price. This could indicate that the property was initially overpriced or that there are underlying issues deterring buyers. • Moderate Fire Risk: The property has a moderate fire risk (3/10), requiring recommended insurance. This is not as bad as a high fire risk, but is still a factor to consider. • High Heat and Wind Risk: The property has an extreme heat and wind risk (10/10). This could lead to higher insurance costs and potential damage from severe weather events. Consider the cost of mitigation measures and the long-term impact on property value.

The Ugly

• High Wind Risk: The property has an extreme wind risk (10/10), which is a major concern in coastal Florida. This will likely result in higher insurance premiums and potential damage from hurricanes or strong storms. Mitigation measures, such as impact windows and hurricane shutters, may be necessary. • High Heat Risk: The property has an extreme heat risk (10/10), indicating that it is prone to very high temperatures during the summer months. This could result in higher energy bills and potential health concerns for residents. Consider the cost of cooling and potential upgrades to insulation and HVAC systems. • Potential Septic System Issues: Many homes in Sebastian rely on septic systems. Without a recent inspection, there's a risk of costly repairs or replacement. The absence of details raises concerns about potential issues. • Limited Appreciation Potential: Given the age of the home (built in 1999) and the lack of significant upgrades, the property may have limited appreciation potential compared to newer or more renovated homes in the area.

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 prioritizing schools: Located near a highly-rated elementary school (9/10 rating, 1.2 miles away) and within a gated community, this home offers a secure and family-friendly environment. • Buyers seeking community amenities: Collier Club offers a clubhouse, kitchen, pool table, exercise room, and pool, providing recreational opportunities for residents. • Individuals valuing open-concept living: The open floor plan and vaulted ceilings create a spacious and airy feel, ideal for those who enjoy entertaining or prefer a more modern layout. • Buyers who appreciate outdoor living: The screened-in lanai and private backyard offer ample space for enjoying the Florida weather and lifestyle, with potential for adding a pool.

Not For

• Buyers with limited mobility: No room details are available, so it's impossible to say if the home is single-story. If the home is multi-story, it may not be suitable for someone with mobility issues. • Buyers seeking a quick purchase: The property has been on the market for an extended period (357 days), which could indicate underlying issues or challenges that may delay the closing process. • Investors seeking immediate cash flow: Given the current market conditions and potential carrying costs, achieving immediate positive cash flow as a rental property may be challenging.

Demographics

Area Median Income

$59,700

Property History

Price History

Ownership Timeline

$240,000Cash Purchase

Apr 12, 2018

Dale I SimchickHelen J Hancock, Lawerence E Hancock

Warranty Deed