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5906 Myrick Rd
Score
0
Dublin, OH

5906 Myrick Rd

480K
5 bd • 4 ba • 2,663 sf

This analysis was generated on 3/2/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$479,900

Price/Sq.Ft

$180

Year Built

2006

AI Property Analysis

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

The Good

• Vaulted Ceilings: Adds spaciousness and architectural interest, increasing perceived value • Hardwood Flooring: Classic and durable flooring material, adds to the home's appeal • Stone and Shingle Exterior: Adds curb appeal and perceived quality to the home's exterior • Vaulted Ceilings • Hardwood Flooring • Stone and Shingle Exterior • Stainless Steel Appliances • Price Position: The property is listed at $180.21 per square foot, below the recent median of $202 for the 43016 zip code, potentially indicating a good value or room for negotiation depending on specific property features. • Appreciation Trend: The property's price has increased significantly since 2015 (from $249,900 to $479,900), reflecting strong market appreciation in the area. • Rental Income: $2,060/month with 90% occupancy (0.0% cap rate) • Future Development: Dublin is experiencing steady growth. Several mixed-use developments are planned near the property, potentially increasing local amenities and property values. However, increased traffic congestion is a possibility. • The house benefits from good natural light, especially in the living room with its many windows. The dining area also has ample light. The kitchen appears to have less natural light. • The layout appears functional, with an open-concept living area and a clear separation of spaces. The vaulted ceilings in the living room enhance the sense of space. The kitchen is adjacent to the living area, which is good for entertaining.
Vaulted Ceilings

Vaulted Ceilings

Adds spaciousness and architectural interest, increasing perceived value.

Hardwood Flooring

Hardwood Flooring

Classic and durable flooring material, adds to the home's appeal.

Stone and Shingle Exterior

Stone and Shingle Exterior

Adds curb appeal and perceived quality to the home's exterior.

The Bad

• Kitchen Renovation (MEDIUM priority): $15,000 • Bathroom Updates (MEDIUM priority): $8,000 • Carpet Replacement (LOW priority): $2,000 • Moderate air quality and heat risks may deter some buyers. • Schools have middling ratings (4/10 and 5/10), which may affect family buyers. • Potential for overpaying in a seller's market if not carefully compared to recent sales.

The Ugly

No critical issues identified
Dated Kitchen

Dated Kitchen

The kitchen features dated cabinets, countertops, and backsplash. This could deter some buyers.

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

Rental Property Investors: Potential annual revenue of $24,720 with 90% occupancy rate Value Investors: Projected 13.6% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $25,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$97,849

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 19, 2021
Chelsea Arens, Ryan ArensKit Yin Wong, Abhishek Niranjan Shettar
Correction Deed
Non-Arm's Length Transactions
$332,800Financed
Dec 2, 2020
Chelsea Arens, Ryan ArensKit Yin Wong, Abhishettar Niranjan Shettar
Warranty Deed
Standard Sale (Purchase/Resales)
$249,900Cash Purchase
May 5, 2015
Jeffrey M Nolan, Amy B GronerChelsea Arens, Ryan Arens
Warranty Deed
Standard Sale (Purchase/Resales)
$244,300Financed
Dec 19, 2006
M/I Homes Of Central Ohio LlcJeffrey M Nolan, Amy B Groner
Warranty Deed
New Construction Residential Transactions

Market Insights

Real-time analysis of the local housing market

February 2025
Seller's Market

This is currently a competitive market for buyers in 43016. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$418,712
$202/sqft
7.3%
Change from last month
Your price: $480K (+15%)
Your price/sqft: $180/sqft (-11%)
71
19 sold last month
12.7%
Change from last month
19 days
Average for homes in this area
64.5%
Change from last month
This property: 5 days (-74%)

Sale Price Distribution

Last month
11
Over Asking
homes
2
At Asking
homes
6
Under Asking
homes
Total: 19 homes sold

If you're buying a home in 43016, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Sale Time Distribution

Last month
15
Under 30 Days
homes
Your property
3
30-90 Days
homes
1
Over 90 Days
homes
Total: 19 homes sold

Many homes in 43016 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

airMINIMAL

3 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 101°F

windMINIMAL

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Moderate air quality and heat risks may deter some buyers. • Schools have middling ratings (4/10 and 5/10), which may affect family buyers. • Potential for overpaying in a seller's market if not carefully compared to recent sales. • Climate & Insurance: For this property, basic weatherization (sealing windows/doors, adding insulation) would cost around $2,000-$3,000. Installing a backup generator to mitigate potential power outages during storms would range from $5,000-$10,000. • Dated Kitchen: The kitchen features dated cabinets, countertops, and backsplash. This could deter some buyers. • Dated Bathrooms: The bathrooms appear to have older fixtures and finishes, which could benefit from updating.
Insurance
Annual Cost

$1,728

$144 per month

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Schools

Gables Elementary School

PublicGrades K-5
4/5
Elementary
6 mi
Get more information on GreatSchools

Ridgeview Middle School

PublicGrades 6-8
5/5
Middle
7.5 mi
Get more information on GreatSchools

Centennial High School

PublicGrades 9-12
5/5
High
6.3 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (5 bed)

$2,060

Get a detailed estimate on Zillow®
HOA Fee

$34

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Location & Comparables

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