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6409 Moncrieff Dr
Austin, TX

6409 Moncrieff Dr

$350,000
3 bd • 2 ba • 1,452 sf

This analysis was generated by artificial intelligence on 1/25/2025. 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

$350,000

Price/Sq.Ft

$241

Year Built

2020

AI Property Analysis

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

The Good

This 2020-built home offers excellent value at $241.05/sqft, which is approximately 20% below the Austin average of $300/sqft for similar properties. The property boasts energy-efficient features, including ENERGY STAR qualified appliances and equipment, potentially saving 15-20% on utility costs. Its location near McKinney Falls State Park, Onion Creek Golf Club, and Austin-Bergstrom Airport adds significant value. The home's flood risk score of 1/10 is exceptionally low for the Austin area, where the average is around 4/10. With 3 bedrooms and 2 bathrooms in 1,452 sqft, it matches the ideal size for the median Austin household. The seller's offer to include 3 points towards closing costs (approximately $10,500) adds significant value for buyers.

The Bad

The property has been on the market for 92 days, which is about 40% longer than the Austin average of 65 days, suggesting potential pricing or market positioning issues. The recent 4.1% price reduction indicates possible overpricing initially. The home's location in the 78747 zip code puts it in a less central area of Austin, which may limit appreciation compared to more central neighborhoods. The local schools have below-average ratings (Blazier Elementary 6/10, Paredes Middle 2/10, Akins High 3/10), which could impact long-term value and desirability for families.

The Ugly

The severe heat risk (8/10) with 7 extremely hot days per year and a 98th percentile temperature of 108°F could lead to higher cooling costs and potential comfort issues. The severe wind risk (8/10) is a major concern, potentially leading to 30-40% higher insurance premiums and increased maintenance costs. These climate risks may negatively impact long-term property value and insurability. The moderate fire risk (4/10) adds another layer of potential insurance and safety concerns. The estimated insurance cost of $1,260/year seems low given these risks and may increase significantly in the future.

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 ideal for first-time homebuyers or young professionals with a household income around $100,000-$120,000, based on the price point and potential mortgage payments. It's well-suited for those prioritizing energy efficiency, modern amenities, and proximity to outdoor recreation. Investors could expect a potential gross rental yield of 8.2% based on the estimated three-bedroom rental rate of $2,410/month, making it attractive for long-term buy-and-hold strategies. The property is also suitable for remote workers or frequent travelers due to its proximity to the airport and modern, open layout conducive to home offices.

Not For

This property is not suitable for large families requiring more than 3 bedrooms or those needing more than 1,452 sqft of living space. It's not ideal for buyers prioritizing top-rated schools, as the local schools have below-average ratings. Luxury home seekers or those looking for properties with high-end finishes and premium locations might find this home lacking. Investors looking for short-term rentals or quick flips may find the property's location and market position challenging for rapid appreciation or high turnover.
Demographics
Area Median Income

$86,862

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 108°F

windSEVERE

Insurance: Required

fireMODERATE

Insurance: Recommended

airMINOR

0 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The severe wind risk (8/10) poses a significant threat to the property's long-term maintenance costs and insurability. Insurance premiums could increase by 30-40% over time due to this risk. The severe heat risk (8/10) may lead to higher energy costs and potential HVAC system strain, possibly requiring earlier replacement (estimated cost: $5,000-$7,000). The moderate fire risk (4/10) should be addressed through proper landscaping and maintenance to mitigate potential issues. The below-average school ratings could impact future resale value, potentially limiting price appreciation to 2-3% annually instead of the Austin average of 5-7%. The property's location in a less central area may result in longer selling times in a downturn, potentially 20-30% longer than more central Austin properties.
Insurance
Annual Cost

$1,260

$105 per month

Financials

Monthly Costs
Market Rent (3 bed)

$2,410

Get a detailed rental estimate on Zillow®
HOA Fee

$45

Price History

Property Taxes

$0
2024 Tax Assessment
100.0%from previous year
Assessed Value$340,212
Tax Rate0.00%

Location & Comparables

Subject Property
Comparable Sales
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