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5848 Kenwood Ave
Score
0
Dallas, TX

5848 Kenwood Ave

669K
3 bd • 2 ba • 1,884 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$669,000

Price/Sq.Ft

$355

Year Built

1946

AI Property Analysis

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

The Good

This 1946 single-family residence in Dallas offers excellent value at $355.10/sqft, which is approximately 15% below the average of $418/sqft for similar homes in the area. The property boasts 1,884 sqft of living space, which is about 10% larger than the typical 3-bedroom home in this neighborhood. Its location near numerous restaurants and easy freeway access significantly enhances its appeal. The home features original hardwood floors, a recent paint job, and updated amenities, blending classic charm with modern conveniences. The additional upstairs space offers versatility as a potential 4th bedroom, game room, or home theater, adding approximately $20,000-$30,000 in value. With a highly-rated Mockingbird Elementary School (9/10) just 0.2 miles away, the property is ideal for families with young children. The minimal flood risk (1/10) is notably better than Dallas's average (3/10), potentially saving homeowners on insurance costs.

The Bad

The property has been on the market for 179 days, significantly above the Dallas average of 45 days, suggesting potential pricing or condition issues. The home's age (built in 1946) may require more frequent maintenance and updates compared to newer properties. The moderate air quality risk (3/10) and severe heat risk (7/10) could lead to higher energy costs and potential health concerns. The nearby middle and high schools have below-average ratings (4/10 and 5/10 respectively), which might deter families with older children. The estimated insurance cost of $2,408.40/year is about 20% higher than the Dallas average of $2,000/year, likely due to the property's age and wind risk.

The Ugly

The major wind risk (6/10) is a significant concern, potentially leading to higher insurance premiums and increased maintenance costs. The severe heat risk (7/10) with 7 extremely hot days per year could result in substantial cooling expenses and accelerated wear on the HVAC system. The property's price history shows volatility, with a 40.3% increase from 2021 to 2024, followed by multiple price reductions, indicating potential overpricing or market challenges. The attached building plans and ready permits suggest the current structure might be a teardown candidate, which could be seen as a negative for buyers looking for a move-in ready home. The total monthly ownership costs (estimated at $4,200 including mortgage, taxes, insurance, and maintenance) may be high relative to the local median income of $79,468.

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: 1. Young professionals or small families who value proximity to restaurants and easy commutes. 2. Buyers with household incomes of $150,000+ who can comfortably afford the estimated monthly costs. 3. Investors looking for a property with both rental potential (estimated $2,430/month for 3-bedroom) and development opportunities. 4. Home buyers who appreciate vintage charm and are willing to invest in ongoing maintenance of an older home. 5. Families with elementary-school-aged children, given the highly-rated nearby school. 6. Those who work from home and can utilize the versatile upstairs space as an office.

Not For

This property is not ideal for: 1. Families with middle or high school students, due to lower-rated schools in the area. 2. First-time homebuyers or those with limited budgets, given the high monthly costs and potential for additional maintenance expenses. 3. Individuals sensitive to heat or with respiratory issues, due to the severe heat risk and moderate air quality concerns. 4. Buyers looking for a modern, low-maintenance property without the need for updates or repairs. 5. Those seeking a quiet, suburban environment, as the property's proximity to restaurants and freeways may result in higher noise levels. 6. Risk-averse investors concerned about potential market volatility or climate-related risks.
Demographics
Area Median Income

$79,468

Property History

Price History
Ownership Timeline
$0Financed
Nov 16, 2021
Clifford Edward Thrasher, Odessa Dean ThrasherWin Win Home Buyers Llc
Vendors Lien
Non-Residential Arm's Length Transactions
$0Cash Purchase
Oct 9, 2001
Clifford E Thrasher, Odessa Dean ThrasherClifford Edward Thrasher, Odessa Dean Thrasher
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$14,103
2024 Tax Assessment
16.9%from previous year
Assessed Value$650,000
Tax Rate2.17%

Sunlight Analysis

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Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

10.0/10
Excellent

Middle

5.0/10
Average

High

5.0/10
Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,550

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