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6348 Lodimeadow Dr
Score
63
Saline, MI

6348 Lodimeadow Dr

550K
4 bd • 3 ba • 2,405 sf

This analysis was generated on 3/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$549,900
+5%vs 48176
Price/Sq.Ft
$229
+9%vs 48176
Above Fair Value
2.8% above range

Current Price

$549,900

Fair Range

$520,000 - $535,000

$549,900
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$525,000
Success Probability:High(70%)

AI Rationale

The offer is within the fair value range, considering needed repairs. The seller's short ownership period and current market conditions suggest potential motivation.

Overall Score
63
75
Home Condition
72
Natural Light
48
Value
72
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Roof Condition
Roof Condition

Roof Condition

The roof appears to be nearing the end of its lifespan, with some visible wear and potential for leaks.

Dated Siding
Dated Siding

Dated Siding

The exterior siding appears to be dated and could use updating to improve curb appeal.

Aging HVAC System
Aging HVAC System

Aging HVAC System

The water heater and furnace appear to be older models, which may be less energy-efficient and could require replacement soon.

Weathered Deck
Weathered Deck

Weathered Deck

The deck shows signs of weathering and could benefit from refinishing or replacement.

Dark Brick Fireplace
Dark Brick Fireplace

Dark Brick Fireplace

The black brick fireplace is a dated feature that could be updated.

Dark Laundry Room Cabinets
Dark Laundry Room Cabinets

Dark Laundry Room Cabinets

The laundry room cabinets in image 4 are dark and may not appeal to all buyers.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Oct
2024
$340,000Cash Purchase
October 15, 2024
From:Mary Gordon, The Mary Cordon Revocable Living Trust
To:Raffaele Recchia
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$549,900
-30%List: $549,900+30%
20%
$109,980of $549,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$146,899
Closing Costs
+$36,919
Down Payment
$109,980
Buyer Agent Fee
$14,022
Loan Fees
$4,399
Title & Escrow
$3,300
Inspections
$900
Transfer Tax
$6,049
Prepaid Expenses
$8,249

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 55 day average
This is a new listing, while homes in this area typically sell in 55 days
Inventory Health
98
homes for sale
25 homes sold last month, indicating 3.9x more supply than demand
Price Dynamics
99.6%
of asking price
Homes typically sell for 0.4% below asking price

Price Trajectory

$413,315
Current median price
+27.2%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is heating
Prices are up 2.1% over the last 3 months
3 Months
+2.1%
6 Months
-8.7%
1 Year
+27.2%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 44.9% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$413,315
3 Months Ago
$311,500
+32.7%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$549,900
Price/sqft
$229
Layout
4 bd3 ba
NaN

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$287,733

91.1%

Your price is 91.1% above average

Median Price

$420,000

30.9%

Based on 3 recent sales

Price per Sq.Ft

$116

97.1%

Your price is 97.1% above average $/sqft

Comparable Properties

892 Berkshire Drive, Saline, MI 48176
Price: $440,000
Sq.Ft: 2,610
Beds/Baths: 5/3
$/Sq.Ft:
$16926.3%
Sale Date: 2/13/2025
436 Rosebud Lane, Saline, MI 48176
Price: $3,200
Sq.Ft: 2,033
Beds/Baths: 5/3.1
$/Sq.Ft:
$299.3%
Sale Date: 11/1/2024
4881 Weber Road, Saline, MI 48176
Price: $420,000
Sq.Ft: 2,366
Beds/Baths: 3/2
$/Sq.Ft:
$17822.4%
Sale Date: 10/14/2024

Schools

Nearby school quality by education level

Middle

8.0/10
Excellent

High

7.0/10
Good

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the roof closely for missing, cracked, or curling shingles, and check for moss or algae growth.

Inspect the basement for signs of water intrusion, such as stains, mold, or efflorescence (white, powdery deposits).

Questions to Ask

Important questions to ask during the tour

Can you provide documentation of the last roof inspection and any associated repairs?

Has the property ever experienced any flooding or water damage, and if so, what remediation measures were taken?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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