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6500 Crooked O Trl
Gainesville, GA

6500 Crooked O Trl

$315,000
3 bd • 2 ba • 1,920 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

$315,000

Price/Sq.Ft

$164

Year Built

1997

AI Property Analysis

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

The Good

This property offers excellent value at $164.06/sqft, which is approximately 30% below the Gainesville average of $235/sqft. The home's recent updates, including fresh paint, new flooring, light fixtures, and stainless steel appliances, create a move-in ready condition, potentially saving buyers $15,000-$20,000 in immediate renovation costs. At 1,920 sqft, it's 15% larger than the average 3-bedroom home in the area (1,670 sqft). The property's location between Gainesville, Cumming, and Dawsonville offers strategic access to multiple job markets and amenities. Climate risk scores are favorable, with minimal flood risk (1/10) and moderate fire (3/10) and wind (4/10) risks, likely contributing to lower insurance costs.

The Bad

The property's price history shows volatility, with a significant jump from $225,000 in May 2024 to $359,000 in July 2024, followed by multiple price reductions. This suggests potential overpricing and market resistance. The current list price of $315,000 is still 40% higher than the May 2024 sale price, which may impact appraisal. The home's age (built in 1997) means some systems may need replacement soon. The lack of a designated dining room and master bathroom could limit appeal for some buyers. At 8 days on the market with a recent price drop, there might be undisclosed issues or market hesitation.

The Ugly

The property's rapid price fluctuations raise concerns about market stability and potential bubble conditions in the area. The 59.6% price increase from May to July 2024 is unsustainable and may indicate speculative flipping activity. Long-term price history shows extreme volatility, with the property selling for $225,000 in 2001, dropping to $91,000 in 2003, and now listed at $315,000. This erratic pattern suggests high market risk. The moderate heat risk (4/10) with 7 hot days/year could lead to increased cooling costs and potential HVAC strain. The area's air quality risk (4/10) with 4 bad air days/year may pose health concerns for sensitive individuals.

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 first-time homebuyers or young families with a household income around $90,000-$100,000, based on a 28% front-end DTI ratio. It's ideal for those prioritizing space and move-in ready condition over high-end finishes or luxury features. The location makes it suitable for commuters who need access to multiple nearby cities. Investors looking for potential rental income could benefit, as the $1,890 average rent for 3-bedroom homes in the area suggests a possible gross rental yield of 7.2% annually.

Not For

This property is not suitable for luxury buyers seeking high-end finishes or extensive amenities. It's also not ideal for those requiring a formal dining room or a dedicated master bathroom. Buyers looking for new construction or hoping to avoid potential near-future maintenance issues may want to look elsewhere. The property may not suit retirees or those with limited mobility due to its split-level design. Investors seeking stable, predictable appreciation may be concerned by the property's volatile price history.
Demographics
Area Median Income

$86,093

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Risk Assessment

Climate Risks

airMODERATE

4 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 102°F

windMODERATE

Insurance: Recommended

fireMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The volatile price history poses a significant risk, with potential for market correction or difficulty in future resale. The home's age (26 years) suggests major systems (HVAC, roof, water heater) may need replacement within 5-10 years, potentially costing $20,000-$30,000. The moderate fire risk (3/10) and wind risk (4/10) may lead to higher insurance premiums or necessitate additional coverage. The area's moderate air quality risk could impact long-term health and quality of life. The rapid price increases in the area could lead to increased property taxes, potentially affecting affordability over time.
Insurance
Annual Cost

$1,134

$95 per month

Financials

Monthly Costs

Price History

Property Taxes

$2,652
2023 Tax Assessment
8.0%from previous year
Assessed Value$107,756
Tax Rate2.46%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$407,817

29.5% above list price

Median Price

$350,000

Based on 6 recent sales

Price per Sq.Ft

$238

Comparable Properties

8325 Gabriel Court, Gainesville, GA 30506
Price: $350,000
Sq.Ft: 1,770
Beds/Baths: 4/2
$/Sq.Ft:
$19820.5%
Sale Date: 11/5/2024
6920 Deer Trail, Gainesville, GA 30506
Price: $340,000
Sq.Ft: 2,208
Beds/Baths: 4/2
$/Sq.Ft:
$1546.1%
Sale Date: 10/31/2024
6330 Quail Trail, Gainesville, GA 30506
Price: $309,900
Sq.Ft: 1,638
Beds/Baths: 3/2
$/Sq.Ft:
$18915.3%
Sale Date: 10/24/2024
5950 Lakeside Court, Gainesville, GA 30506
Price: $890,000
Sq.Ft: 2,172
Beds/Baths: 3/2
$/Sq.Ft:
$410149.8%
Sale Date: 8/16/2024
8325 Gabriel Court, Gainesville, GA 30506
Price: $350,000
Sq.Ft:
Beds/Baths: 4/2
$/Sq.Ft: N/A
Sale Date: 11/6/2024
6925 Crystal Cove Trail, Gainesville, GA 30506
Price: $207,000
Sq.Ft:
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 10/10/2024

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