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629 3rd St NW
Score
0
Paris, TX

629 3rd St NW

130K
2 bd • 1 ba • 1,424 sf

This analysis was generated on 2/7/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$130,000

Price/Sq.Ft

$91

Year Built

AI Property Analysis

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

The Good

• Affordable Price per Square Foot: At $91.29 per square foot, the property is priced competitively compared to the median price per square foot in Paris, TX. This makes it an attractive option for budget-conscious buyers. The median price per square foot for single-family homes in Paris, TX is around $110-$130. • Recent HVAC and Window Upgrades: The recently installed efficiency windows and central HVAC components are a significant plus. These upgrades improve energy efficiency, reduce utility costs, and enhance the overall comfort of the home. Older homes often lack these modern features. • Spacious Backyard with Outbuildings: The expansive backyard with outbuildings offers ample space for storage, hobbies, or outdoor activities. This is a valuable asset, especially for buyers who need extra storage or enjoy spending time outdoors. Newly installed perimeter fencing provides security and privacy. • High Ceilings: High ceilings add to the spaciousness and aesthetic appeal of the home. This is a desirable feature that can increase the perceived value of the property. The listing specifically mentions that the ceilings are untouched and magnificent. • Updated Kitchen: The recently updated kitchen with a water filtration system and a modern stainless range is a positive feature. This upgrade provides modern functionality and enhances the overall appeal of the home.

The Bad

• Unknown Year Built: The lack of information about the year the house was built is a significant drawback. Older homes can have hidden problems like outdated wiring, plumbing issues, and foundation problems. Without knowing the age, estimating potential repair costs is challenging. • Limited Bathroom: Having only one bathroom in a 1,424 sq ft home can be inconvenient, especially for families or those who frequently have guests. This could also affect the property's resale value. • School Ratings: The elementary school has a rating of 4/10, and the junior and high schools have a rating of 6/10. This is below average and can be a concern for buyers with children or those who prioritize good schools. • Days on Market: The property has been on the market for 18 days, which is slightly longer than the average for the area. This could indicate that the price is too high, or there are issues with the property that are deterring buyers. • Limited Information on Median Income: The median income data is unavailable, which makes it difficult to assess the affordability of the property for potential buyers in the area.

The Ugly

• Property History Concerns: The property history shows a significant price increase of 63.5% after being listed for sale in January 2025. This raises questions about the justification for such a large price jump and could indicate that the property is overpriced. The lack of a defined sale price in July 2024 is also concerning. • Climate Risks: The property has a severe heat risk (7/10) and a major fire risk (6/10). These risks can lead to higher insurance premiums and potential property damage. Buyers should carefully consider these risks and take appropriate preventative measures. The number of hot days per year is 7, with the 98th percentile temperature being 111°F. • Condition of Older Home: The property is described as a "historic home," but the unknown year built makes it difficult to assess the condition of major systems. Older homes often require extensive repairs and renovations, which can be costly. A thorough inspection is essential to identify any potential problems. • Limited Information: The lack of information about the property's age, median income in the area, and previous sale prices makes it difficult to make an informed decision. Buyers should conduct thorough research and gather as much information as possible before making an offer. • Potential Foundation Issues: Given the age and the local context mentioning older homes in Paris, TX, foundation issues are a concern. A structural engineer should inspect the foundation to assess its condition and identify any potential problems.

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 Affordable Housing: Priced at $91.29 per square foot, this property offers an accessible entry point into homeownership in Paris, TX, making it attractive to those prioritizing affordability. The estimated monthly costs, including mortgage payments (based on prevailing interest rates) and property taxes, are relatively manageable compared to newer constructions or larger homes in the area. • Individuals Interested in Historic Homes: The property retains its original charm and character, appealing to those who appreciate the architectural details and craftsmanship of older homes. The untouched, magnificent ceilings and other vintage features offer a unique aesthetic that is difficult to find in modern constructions. • Buyers Needing Storage or Workshop Space: The expansive backyard includes spacious outbuildings that can be utilized for extra storage, a workshop, or hobby space. The newly installed perimeter fencing provides added security and privacy for outdoor activities and storage. • Residents who value updated essential systems: Recent upgrades, such as efficient windows and a new central HVAC system, enhance comfort and reduce energy consumption. The updated kitchen with a water filtration system and stainless range provides modern functionality while complementing the home's historic character.

Not For

• Buyers Seeking Modern or Newly Constructed Homes: While the property has been updated with some modern amenities, it retains its historic character and may not appeal to those looking for a contemporary or brand-new home. The older construction may require ongoing maintenance and repairs that are not typically associated with newer homes. • Individuals Requiring a Large or Multi-Functional Layout: With two bedrooms and one bathroom, this property may not be suitable for larger families or those needing dedicated office space or multiple living areas. The layout may be less flexible than more modern designs. • Buyers Sensitive to Climate Risks: The property has a severe heat risk (7/10) and a moderate wind risk (4/10), which may be a concern for those who are sensitive to extreme weather conditions. The high heat risk could lead to increased energy costs for cooling during the summer months. • Individuals Prioritizing Walkability or Proximity to Amenities: While the property is located in Paris, TX, its specific location and surrounding area may not be highly walkable or close to major amenities such as shopping centers, restaurants, or entertainment venues. Those who prefer to walk or bike to everyday errands may find this location less convenient.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline

Property Taxes

$0
2024 Tax Assessment
Assessed Value$103,340
Tax Rate0.00%

Sunlight Analysis

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Sunlight Analysis

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Schools

Nearby school quality by education level

Middle

6.0/10
Good

High

6.0/10
Good

Financials

Monthly Costs
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