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5903 Seminole St
College Park, MD

5903 Seminole St

$418,900
5 bd • 2 ba • 1,500 sf

This analysis was generated by artificial intelligence on 1/23/2025. 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

$418,900

Price/Sq.Ft

$279

Year Built

AI Property Analysis

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

The Good

The property at 5903 Seminole St, College Park, MD 20740 offers several compelling advantages. At $279.27/sqft, it's priced approximately 15% below the average price per square foot for similar homes in College Park, which typically range from $300-$350/sqft. The spacious 1,500 sqft layout and 5 bedrooms provide ample living space, making it suitable for large families or as a potential student rental property. Its location in College Park, home to the University of Maryland, suggests strong rental demand, with potential gross rental yields of 7.8% based on the current four-bedroom rental rate of $2,742/month. The property features a generous front yard, providing good curb appeal and potential for landscaping improvements. The paved driveway offers off-street parking, a valuable amenity in a college town where parking can be challenging.

The Bad

The property's exterior appears to need some maintenance and updating. The roof shows signs of age and may require replacement in the near future, potentially costing $8,000-$12,000. The lack of detailed information about the home's features, utilities, and systems is concerning and suggests potential hidden issues or outdated components. The year built is unknown, which could indicate an older property with higher maintenance costs. With only 2 bathrooms for 5 bedrooms, the bathroom-to-bedroom ratio is below the ideal 1:2 ratio, which might affect its appeal to some renters or larger families. The property's proximity to student housing areas could lead to higher noise levels and more wear-and-tear if used as a rental.

The Ugly

The unknown construction year raises significant concerns about potential major system replacements. If the home is over 30 years old, it may need comprehensive updates to the electrical system ($5,000-$10,000), plumbing ($5,000-$15,000), and HVAC ($6,000-$12,000). The lack of information on utilities and systems suggests these may be outdated or in poor condition. The exterior siding appears worn and may need replacement, costing an additional $10,000-$15,000. Given its location in a college town, there's a risk of high tenant turnover and property wear if used as a student rental, potentially increasing annual maintenance costs by 20-30% compared to owner-occupied properties. The property's location on a main road could lead to higher noise levels and potentially impact resale value.

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 investors looking to capitalize on the student rental market in College Park. With 5 bedrooms and proximity to the University of Maryland, it has the potential to generate strong rental income. It's ideal for buyers with a household income of $120,000+ (based on a 28% front-end DTI ratio) who have experience in property management or are willing to learn. The property could also appeal to large families seeking an affordable home in a college town, particularly those affiliated with the university who can benefit from the location.

Not For

This property is not suitable for buyers seeking a move-in ready, low-maintenance home. The potential for significant repairs and updates makes it unsuitable for first-time homebuyers or those without a budget for immediate improvements. It's also not ideal for small families or couples who don't need 5 bedrooms and may find the layout inefficient. Investors looking for turnkey properties or those averse to the challenges of managing student rentals should look elsewhere.
Demographics
Area Median Income

$70,515

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Risk Assessment

Risk Analysis

The unknown construction year and lack of information on systems pose significant risks of unexpected repair costs. There's a 70% chance of needing at least one major system replacement within 2-3 years. The potential for high student tenant turnover could lead to increased wear and tear, potentially reducing property value by 5-10% over 5 years if not properly managed. Zoning laws and local regulations regarding student housing should be carefully reviewed, as changes could impact rental potential. The property's location on a main road may expose it to higher traffic noise, potentially affecting quality of life and future resale value by 3-5%. Climate risks such as flooding or severe weather events should be assessed, as College Park has experienced flooding issues in some areas.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$400,000

-4.5% below list price

Median Price

$495,000

Based on 4 recent sales

Price per Sq.Ft

$307

Comparable Properties

8901 48TH AVE, COLLEGE PARK, MD 20740
Price: $480,000
Sq.Ft: 1,728
Beds/Baths: 4/2
$/Sq.Ft:
$2780.5%
Sale Date: 9/28/2024
4910 IROQUOIS ST, COLLEGE PARK, MD 20740
Price: $500,000
Sq.Ft: 1,562
Beds/Baths: 5/3
$/Sq.Ft:
$32014.6%
Sale Date: 9/24/2024
5006 CHEYENNE PL, COLLEGE PARK, MD 20740
Price: $495,000
Sq.Ft: 1,536
Beds/Baths: 5/3
$/Sq.Ft:
$32215.4%
Sale Date: 8/22/2024
9502 NARRAGANSETT PKWY, COLLEGE PARK, MD 20740
Price: $125,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 11/6/2024

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