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5921 Alder St
Pittsburgh, PA

5921 Alder St

$935,000
5 bd • 4 ba • 3,097 sf

This analysis was generated by artificial intelligence on 1/30/2025. 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

$935,000

Price/Sq.Ft

$302

Year Built

1900

AI Property Analysis

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

The Good

• Excellent Location: The property is located near Highland Ave, Shadyside, and Ellsworth St., which are known for their vibrant shops, restaurants, and entertainment options. The home's emphasis on walkability is a significant advantage for those who enjoy urban living. • Modern Updates: The property features modern updates, such as granite countertops, an induction stove, stainless steel appliances, and updated bathrooms. These upgrades add to the property's appeal and reduce the need for immediate renovations. • Unique Architectural Details: The home has original architectural details, including stained glass windows, pocket doors, and built-ins, which add charm and character. These features make the home stand out from typical modern constructions. • Ample Living Space: With 5 bedrooms, 4 bathrooms, and 3,097 square feet, the property provides plenty of living space for families or individuals who need extra rooms. This provides flexibility for various living situations. • Additional Amenities: The property includes 2 laundry areas, a game room, and a kitchenette on the 3rd floor. These additional amenities enhance the property's functionality and appeal.

The Bad

• High Price Per Square Foot: At $301.91 per square foot, the property is priced on the higher end compared to the city-wide average. While the home has updates and features, the price point might be a concern for buyers. • Age of the Home: Built in 1900, the home is over 120 years old. This could mean potential issues with aging systems (plumbing, electrical), and it may require more maintenance than a newer property. Buyers should factor in costs of upkeep and potential repairs. • No Specific Room Details: The absence of room details makes it difficult to understand the layout and flow of the home. This lack of information could make it difficult for potential buyers to envision living in the space. Specific room sizes and configurations are not provided. • Days on Market: The property has been on the market for 274 days. This could indicate that the property is overpriced or has some issues that are deterring potential buyers. The average days on market in Pittsburgh is typically lower, suggesting potential concerns with this listing. • Lack of Utility Information: The missing utility information makes it difficult to estimate monthly costs. Buyers would need to investigate this further, adding an extra step to the due diligence process.

The Ugly

• Potential Foundation Issues: As a hillside home in Pittsburgh, it's susceptible to foundation issues, drainage problems, and potential landslides. Repair costs for these issues can be significant, ranging from $5,000 to $50,000 or more, depending on the severity. This is a major concern that could lead to high repair costs. • High Property Taxes: Property taxes in Allegheny County can vary significantly. Without specific information, buyers should be prepared for potentially high property taxes, which can add a considerable monthly expense. These costs may be higher than other areas, which could affect the total cost of ownership. The lack of information on specific millage rates for the area is also a concern. • Combined Sewer Overflows (CSOs): Pittsburgh's aging sewer system can lead to sewage backups during heavy rain. This poses a health risk and could require costly remediation if the property experiences a backup. This risk is not easily quantifiable but should be considered. • Undisclosed Repair Costs: The property's age means that major repairs or replacements may be needed soon, like the roof, HVAC system, or plumbing. These costs are not specified but could be significant, possibly exceeding $10,000 to $20,000 or more, depending on the extent of the work. The lack of utility information also makes it difficult to assess operating costs. • Limited Parking: While there is a 2-car garage, parking can be a challenge in Pittsburgh, particularly in older neighborhoods. If street parking is difficult, this could cause inconvenience for owners and visitors.

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

• Buyers Seeking a Walkable Lifestyle: The property's proximity to Highland Ave, Shadyside, and Ellsworth St. makes it ideal for individuals who prioritize walkability to shops, restaurants, and entertainment. The 'walkable' attribute is a key selling point. • Homeowners Appreciating Historic Charm with Modern Updates: The property blends original character (stained glass windows, pocket doors, built-ins) with modern updates (granite countertops, induction stove, updated baths). This appeals to those who value a mix of old and new. • Families or Individuals Requiring Ample Space: With 5 bedrooms, 4 bathrooms, and 3,097 square feet, this home offers ample living space. The game room, 2 laundry areas, and a 3rd-floor kitchenette add versatility. • Buyers Comfortable with Older Home Maintenance: While updated, the property is 124 years old. Buyers should be prepared for the maintenance and upkeep associated with older homes, including potential foundation and infrastructure issues common in Pittsburgh. • Homeowners Looking for Outdoor Space: The property includes a patio, yard, and a 2-car garage. This is ideal for buyers who value outdoor living and parking options.

Not For

• Buyers Seeking New Construction: The property was built in 1900, making it a historic home with potential maintenance needs. Those wanting a newly built home may find this property less suitable. • Buyers with Mobility Issues: The property may have multiple levels and stairs, which may not be ideal for individuals with mobility challenges. The presence of city steps in the neighborhood should also be considered. • Buyers on a Strict Budget: The property's price of $935,000 and potential upkeep costs may not align with buyers on a strict budget. Older homes can sometimes require more frequent and costly repairs. • Buyers Unfamiliar with Pittsburgh's Terrain: Given Pittsburgh's hilly topography, this property may have unique foundation or drainage issues. Buyers unfamiliar with these challenges might find this property less desirable. • Buyers Prioritizing Minimal Maintenance: The combination of an older home, a yard, and a 2-car garage means that maintenance will be an ongoing consideration. Those seeking low-maintenance options may not find this suitable.
Demographics
Area Median Income

$61,938

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Risk Assessment

Risk Analysis

• Foundation Issues: As a hillside home in Pittsburgh, there's a risk of foundation issues, landslides, and drainage problems. A thorough inspection is critical to assess the stability and condition of the foundation, including any retaining walls. • Aging Infrastructure: Given the age of the home (built in 1900), there's a risk of encountering aging infrastructure, including plumbing, electrical, and sewer systems. This could lead to unexpected repairs and costs. Pittsburgh's combined sewer system could also pose a risk of backups during heavy rain. • Radon: Radon is a concern in Pittsburgh. Testing for radon is recommended and mitigation may be necessary. • Market Volatility: While the area is desirable, real estate markets can fluctuate. Changes in the local market dynamics could impact property values. • Maintenance Costs: Older homes often come with higher maintenance costs. Buyers should be prepared for potential repairs and updates that may be needed over time. The property's age means that components like the roof, windows, and HVAC systems may need replacement or repair soon.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$983,473

5.2% above list price

Median Price

$921,435

Based on 6 recent sales

Price per Sq.Ft

$334

Comparable Properties

5718 WALNUT, Shadyside, PA 15232
Price: $1,460,000
Sq.Ft: 3,087
Beds/Baths: 5/4
$/Sq.Ft:
$47356.7%
Sale Date: 10/31/2024
154 Reizenstein Way, Shadyside, PA 15206
Price: $1,285,000
Sq.Ft: 3,268
Beds/Baths: 4/4
$/Sq.Ft:
$39330.2%
Sale Date: 10/15/2024
705 Chislett Street, East Liberty, PA 15206
Price: $605,000
Sq.Ft: 2,549
Beds/Baths: 4/4
$/Sq.Ft:
$23721.4%
Sale Date: 10/26/2024
922 Ivy St, Shadyside, PA 15232
Price: $921,435
Sq.Ft: 3,344
Beds/Baths: 4/3
$/Sq.Ft:
$2768.7%
Sale Date: 10/17/2024
617 N Saint Clair St, Highland Park, PA 15206
Price: $750,000
Sq.Ft: 2,587
Beds/Baths: 4/3
$/Sq.Ft:
$2904.0%
Sale Date: 8/15/2024
615 S Aiken Ave, Shadyside, PA 15232
Price: $879,400
Sq.Ft:
Beds/Baths: 5/4
$/Sq.Ft: N/A
Sale Date: 10/23/2024

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