Score
0Florence, NJ
648 E Front St
400K
3 beds
2 baths
1,564 sqft
3 bd • 2 ba • 1,564 sf
This analysis was generated on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$399,900
Price/Sq.Ft
$256
Year Built
1911
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1911-built home at 648 E Front St, Florence, NJ offers exceptional value at $255.69/sqft, which is approximately 20% below the median price of $319/sqft for similar homes in the area. The property has appreciated significantly, with a 77.8% increase from its last sale price of $224,900 in 2020 to the current listing of $399,900. The 1,564 sqft layout is spacious compared to the average 1,400 sqft for homes in this price range in Florence. Recent renovations, including an updated kitchen with modern cabinetry and appliances, and renovated bathrooms, add substantial value without the need for immediate upgrades. The property boasts excellent climate resilience with minimal flood (1/10) and fire (1/10) risks, potentially leading to lower insurance premiums. The generous lot size and fenced backyard with a deck provide ample outdoor space, a feature highly valued in the current market.
The Bad
The property has been on the market for 67 days, which is above the average DOM of 45 for Florence, suggesting potential pricing or condition issues. The home's age (built in 1911) may lead to higher maintenance costs and potential system replacements in the near future. The radiator heating system, while functional, is less efficient than modern HVAC systems and may need upgrading. With only 1.5 bathrooms for a 3-bedroom home, it falls short of the preferred 2+ full bathrooms for modern family living. The air quality risk score of 5/10 (major) could be a concern for residents with respiratory issues, with 6 bad air days per year potentially impacting quality of life.
The Ugly
The property faces significant climate risks, particularly with heat (6/10) and wind (6/10) risks rated as major. The 98th percentile temperature of 102°F indicates potential for extreme heat events, which could necessitate costly cooling system upgrades. The critical wind risk may lead to substantially higher insurance premiums and potential property damage. The home's age raises concerns about hidden structural issues, outdated electrical systems, and potential presence of hazardous materials like lead paint or asbestos, which could result in expensive remediation costs. The lack of central air conditioning (relying on window units) is a significant drawback in a climate with major heat risks and could necessitate a costly HVAC installation, estimated at $10,000-$15,000 for a home of this size.
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 families looking for a charming, historic home with modern updates. With a median income of $88,431 in the area, buyers with household incomes of $100,000+ would comfortably afford the estimated monthly payments. It's well-suited for those who appreciate character and are willing to take on some ongoing maintenance in exchange for a spacious home and yard. The property could also appeal to investors looking for a long-term appreciation play, given the significant value increase since 2020 and the potential for further growth in this historic neighborhood.
Not For
This property is not suitable for buyers seeking a low-maintenance, move-in ready home with all modern amenities. Families requiring multiple full bathrooms or more than three bedrooms would find the layout challenging. Those with respiratory sensitivities might be deterred by the air quality risks. Buyers looking for maximum energy efficiency or those unwilling to invest in potential future upgrades (like HVAC systems) should consider more modern properties. The home may also not be ideal for those with limited mobility due to its multi-story layout and potential accessibility issues common in older homes.
Demographics
Area Median Income
$88,431
Property History
Price History
Ownership Timeline
$224,900Cash Purchase
Nov 30, 2020Gary T Richardson, Virginia M RichardsonBeatrice M Butch
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$0
2023 Tax Assessment
Assessed Value$232,300
Tax Rate0.00%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,081
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$399,900
Price/sqft
$256
Layout
3 bd•2 ba
Days on market
67 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$364,000
9.9%
Your price is 9.9% above average
Median Price
$390,000
2.5%
Based on 6 recent sales
Price per Sq.Ft
$230
11.2%
Your price is 11.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 961 OLIVE ST, ROEBLING, NJ 08554 | $440,000 | 1,477 | 3 | 2 | $29816.5% | 11/1/2024 |
| 7 SEVENTH AVE, ROEBLING, NJ 08554 | $335,000 | 1,472 | 3 | 2 | $22811.0% | 10/10/2024 |
| 35 RIVER BANK DR, ROEBLING, NJ 08554 | $295,000 | 1,478 | 2 | 2 | $20021.9% | 9/19/2024 |
| 1270 EMERICK AVE, ROEBLING, NJ 08554 | $390,000 | 1,709 | 4 | 2 | $22810.8% | 8/24/2024 |
| 40 W FOURTH ST, FLORENCE, NJ 08518 | $325,000 | 1,516 | 3 | 2 | $21416.2% | 7/30/2024 |
| 225 DELAWARE AVE, ROEBLING, NJ 08554 | $399,000 | 1,863 | 4 | 2 | $21416.2% | 7/27/2024 |
961 OLIVE ST, ROEBLING, NJ 08554
Price: $440,000
Sq.Ft: 1,477
Beds/Baths: 3/2
$/Sq.Ft:
$29816.5%
Sale Date: 11/1/2024
7 SEVENTH AVE, ROEBLING, NJ 08554
Price: $335,000
Sq.Ft: 1,472
Beds/Baths: 3/2
$/Sq.Ft:
$22811.0%
Sale Date: 10/10/2024
35 RIVER BANK DR, ROEBLING, NJ 08554
Price: $295,000
Sq.Ft: 1,478
Beds/Baths: 2/2
$/Sq.Ft:
$20021.9%
Sale Date: 9/19/2024
1270 EMERICK AVE, ROEBLING, NJ 08554
Price: $390,000
Sq.Ft: 1,709
Beds/Baths: 4/2
$/Sq.Ft:
$22810.8%
Sale Date: 8/24/2024
40 W FOURTH ST, FLORENCE, NJ 08518
Price: $325,000
Sq.Ft: 1,516
Beds/Baths: 3/2
$/Sq.Ft:
$21416.2%
Sale Date: 7/30/2024
225 DELAWARE AVE, ROEBLING, NJ 08554
Price: $399,000
Sq.Ft: 1,863
Beds/Baths: 4/2
$/Sq.Ft:
$21416.2%
Sale Date: 7/27/2024
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