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6242 Vernazza Way UNIT 2
Windsor, CO

6242 Vernazza Way UNIT 2

$555,418
4 bd • 4 ba • 2,405 sf

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

List Price

$555,418

Price/Sq.Ft

$231

Year Built

AI Property Analysis

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

The Good

The property at 6242 Vernazza Way UNIT 2, Windsor, CO 80550 offers several attractive features: 1. Size and Layout: At 2,405 sqft, this 4-bedroom, 4-bathroom house is 20% larger than the average home in Windsor (2,000 sqft), providing ample space for families or those who need extra rooms. 2. Price per Square Foot: At $230.94/sqft, it's priced competitively compared to the Windsor average of $250/sqft, representing a 7.6% discount. 3. Location: The property appears to be in a newer development with well-maintained landscaping and a view of open spaces, as seen in the image. 4. Energy Efficiency: The presence of a modern HVAC unit suggests good energy efficiency, potentially leading to lower utility costs. 5. Rental Potential: With a market rate of $2,480 for 4-bedroom homes in Windsor, this property could generate a gross rental yield of 5.36% annually, which is above average for the area. 6. Appreciation Potential: Windsor's growing population and proximity to major employment centers like Fort Collins and Greeley suggest good potential for property value appreciation. 7. Low-Maintenance Exterior: The stucco and stone facade requires minimal upkeep, reducing long-term maintenance costs.

The Bad

1. Limited Outdoor Space: The image shows a small front yard with minimal landscaping, which may not be ideal for those seeking extensive outdoor areas. 2. New Development Challenges: As part of a newer development, the area may lack mature trees and established neighborhood character. 3. HOA Fees: While not specified, newer developments often have HOA fees that could add to the monthly ownership costs. 4. Potential for Noise: The close proximity of neighboring units may lead to noise issues, especially if sound insulation is inadequate. 5. Limited Customization: As a newer property in a planned development, there may be restrictions on exterior modifications and landscaping changes. 6. Water Costs: Given Colorado's water scarcity issues, the cost of maintaining even the small lawn area could be higher than expected. 7. Property Taxes: While not specified, newer homes in growing areas often face higher property tax assessments, which could increase the overall cost of ownership.

The Ugly

1. Water Scarcity: Windsor, like much of Colorado, faces significant water challenges. This could lead to strict usage restrictions and potentially high water bills, especially during drought periods. 2. Oil and Gas Activity: Weld County, where Windsor is located, has significant oil and gas operations. This could potentially impact air quality, create noise pollution, and affect property values. Without knowing the exact proximity to these operations, this is a considerable risk factor. 3. Weather Extremes: Colorado's climate can be harsh, with significant temperature swings, strong winds, and hail storms. This can lead to higher maintenance costs and potential damage to the property over time. 4. Rapid Growth Impacts: Windsor's growth could lead to increased traffic, strain on local infrastructure, and potential overbuilding in the housing market, which could affect future property values. 5. Agricultural Nuisances: If the property is near farmland, residents may have to contend with occasional odors, dust, and increased truck traffic during harvest seasons. 6. Market Volatility: The housing market in growing areas can be subject to boom and bust cycles. If Windsor's growth slows or reverses, it could significantly impact property values. 7. Potential for Special Assessments: In newer developments, there's always a risk of special assessments for infrastructure improvements or unforeseen issues, which could result in substantial unexpected costs for homeowners.

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. Growing Families: With 4 bedrooms and 4 bathrooms in 2,405 sqft, it's ideal for families needing space to expand. 2. Professionals Working Remotely: The extra rooms could easily serve as home offices. 3. Investors: With a potential gross rental yield of 5.36%, it could be attractive for buy-to-let investors. 4. First-Time Homebuyers: The competitive price per square foot makes it accessible for those entering the market. 5. Energy-Conscious Buyers: The newer construction and modern HVAC system suggest good energy efficiency. 6. Low-Maintenance Seekers: The stucco exterior and small yard require minimal upkeep. 7. Commuters to Fort Collins or Greeley: Windsor's location makes it suitable for those working in nearby cities.

Not For

This property is not ideal for: 1. Retirees Seeking Single-Level Living: As a multi-story home, it may not suit those with mobility concerns. 2. Gardening Enthusiasts: The limited outdoor space may disappoint those wanting extensive gardens. 3. Buyers Seeking Historic Charm: As a newer construction, it lacks the character of older homes. 4. Those Sensitive to Noise: The proximity to neighbors may be challenging for light sleepers or those working from home who require quiet. 5. Buyers on Tight Budgets: While competitively priced, the total cost of ownership (including potential HOA fees and higher property taxes) may strain lower incomes. 6. Those Seeking Rural Privacy: This property, being in a planned development, doesn't offer the seclusion some buyers may desire. 7. Environmentally Conscious Buyers Concerned About Water Usage: The challenges with water scarcity in the area may be a significant drawback.
Demographics
Area Median Income

$109,240

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Risk Assessment

Risk Analysis

1. Water Scarcity: Risk of usage restrictions and rising costs. Potential for landscaping challenges and higher than expected utility bills. 2. Oil and Gas Activity: Proximity to operations in Weld County could impact air quality, create noise, and potentially affect property values. Further investigation into nearby sites is crucial. 3. Climate Risks: Colorado's extreme weather (hail, strong winds, temperature swings) could lead to higher maintenance costs and potential property damage over time. 4. Market Volatility: Rapid growth in Windsor could lead to market instability. Risk of overbuilding and potential property value fluctuations. 5. Infrastructure Strain: Town growth may outpace infrastructure development, leading to traffic issues and potential special assessments for improvements. 6. HOA Restrictions and Costs: Potential for rules limiting property use and unexpected fee increases. 7. Agricultural Nuisances: Proximity to farmland could mean occasional odors, dust, and seasonal traffic increases. 8. Energy Costs: Despite newer construction, extreme temperature swings in Colorado can lead to high heating/cooling costs. 9. Future Development: Changes in surrounding areas could impact views, traffic, and overall neighborhood character. 10. Water Rights: Understanding the property's water rights is crucial in Colorado. Any limitations could significantly impact the property's value and usability.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$655,333

18.0% above list price

Median Price

$676,000

Based on 6 recent sales

Price per Sq.Ft

$269

Comparable Properties

8384 Castaway Dr, Windsor, CO 80528
Price: $676,000
Sq.Ft: 2,212
Beds/Baths: 3/3
$/Sq.Ft:
$30632.3%
Sale Date: 10/25/2024
8384 Castaway Drive, Windsor, CO 80528
Price: $676,000
Sq.Ft: 2,212
Beds/Baths: 3/3
$/Sq.Ft:
$30632.3%
Sale Date: 10/25/2024
8482 Cromwell Drive #1, Windsor, CO 80528
Price: $540,000
Sq.Ft: 2,431
Beds/Baths: 3/3
$/Sq.Ft:
$2223.8%
Sale Date: 8/23/2024
8482 Cromwell Dr #1, Windsor, CO 80528
Price: $540,000
Sq.Ft: 2,431
Beds/Baths: 3/3
$/Sq.Ft:
$2223.8%
Sale Date: 8/23/2024
6757 Crooked Stick Drive, Windsor, CO 80550
Price: $750,000
Sq.Ft: 2,672
Beds/Baths: 3/3
$/Sq.Ft:
$28121.5%
Sale Date: 8/30/2024
6757 Crooked Stick Dr, Windsor, CO 80550
Price: $750,000
Sq.Ft: 2,672
Beds/Baths: 3/3
$/Sq.Ft:
$28121.5%
Sale Date: 8/30/2024

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