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700 Keith St
Salmon, ID

700 Keith St

$489,000
4 bd • 3 ba • 2,396 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$489,000

Price/Sq.Ft

$204

Year Built

1994

AI Property Analysis

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

The Good

This property offers exceptional value at $204.09/sqft, which is approximately 20% below the average price of $255/sqft for similar homes in Salmon. The 2,396 sqft of living space is about 15% larger than the local average of 2,080 sqft for 4-bedroom homes. Recent upgrades include new flooring, paint, plumbing fixtures, on-demand water heater, and lighting throughout, estimated at $30,000-$40,000 in value. The home's flood risk score of 1/10 is significantly better than the area average, potentially leading to lower insurance costs. The property has appreciated 55.2% since its last sale in 2021, outperforming the local market average of 38% over the same period.

The Bad

The severe fire risk (7/10) and extreme air quality risk (10/10) are significant concerns, potentially leading to higher insurance premiums and health risks. The home's age (built in 1994) suggests some systems may need replacement in the near future. The evaporative cooling system may be less effective during periods of high humidity. The property's days on market (3) is too short to gauge market reception accurately.

The Ugly

The extreme air quality risk with 37 bad air days per year could lead to significant health issues and decreased quality of life. The severe fire risk score of 7/10 will likely result in very high insurance premiums, potentially adding $3,000-$5,000 annually to ownership costs. The reliance on propane for heating and the fireplace could lead to volatile energy costs, with propane prices fluctuating seasonally. The lack of central air conditioning may necessitate a costly upgrade ($5,000-$7,000) to deal with increasing summer temperatures.

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 buyers with household incomes above $120,000, based on the estimated monthly costs. It's well-suited for families or those who work from home, given the spacious layout and bonus room. The property appeals to outdoor enthusiasts who value mountain views and don't mind some environmental risks. Investors could benefit from the strong appreciation trend and the potential for short-term rentals, given the tourist appeal of Salmon.

Not For

Not suitable for individuals with respiratory issues due to the extreme air quality risk. The fire risk and potential for high insurance costs make it less ideal for risk-averse buyers or those on tight budgets. Not recommended for buyers seeking a low-maintenance property, as the large size and environmental factors may require significant upkeep.
Demographics
Area Median Income

$0

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Risk Assessment

Climate Risks

airEXTREME

37 bad air quality days per year

fireSEVERE

Insurance: Required

heatMODERATE

7 extreme heat days per year

98th percentile: 94°F

floodMINIMAL

FEMA Zone: X

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe fire risk (7/10) poses a significant threat to the property and may lead to evacuations or property damage. Extreme air quality (10/10) could cause health issues and potentially impact future resale value. The reliance on propane heating may lead to volatile energy costs. The lack of central air conditioning could be a concern with increasing temperatures. The property's rapid appreciation (55.2% since 2021) may not be sustainable, posing a risk of market correction.
Insurance
Annual Cost

$1,760

$147 per month

Financials

Monthly Costs

Price History

Property Taxes

$1,225
2023 Tax Assessment
Infinity%from previous year
Assessed Value$328,978
Tax Rate0.37%

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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