Score
0Lewisville, TX
701 Price Dr
320K
3 beds
2 baths
1,224 sqft
3 bd • 2 ba • 1,224 sf
This analysis was generated on 2/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$319,990
Price/Sq.Ft
$261
Year Built
1970
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Recent remodel: The property has been recently remodeled with updated laminate flooring, fresh paint, and renovated kitchen and bathrooms.
• Foundation repair: A newly repaired foundation provides structural stability and peace of mind.
• Updated systems: New PVC plumbing and electrical updates reduce the risk of future maintenance issues.
• New appliances: The property comes equipped with brand-new appliances, adding convenience for the buyer.
• Low flood risk (1/10): The property is in FEMA Zone X_UNSHADED, indicating minimal flood risk.
The Bad
• Low school ratings: Lakeland Elementary (2/10), Huffines Middle School (3/10), and Lewisville High School (3/10) are below average, potentially impacting property value and appeal to families.
• High heat risk (7/10): With 7 hot days/year and a 98th percentile temperature of 109°F, cooling costs could be substantial.
• Major wind risk (5/10): This could lead to higher insurance premiums and potential property damage from storms.
• Price volatility: The property has experienced significant price changes recently, including a 35.6% increase followed by a -1.2% decrease, indicating potential pricing instability.
• Long days on market: At 193 days, the property has been on the market for an extended period, potentially signaling issues with pricing, condition, or location.
The Ugly
• Older construction (1970): Despite the remodel, the home's age may lead to unexpected maintenance issues and higher utility costs compared to newer homes.
• High price per square foot: At $261.43/sqft, the property is priced higher than some comparable homes in the area.
• Potential for higher insurance costs: The major wind risk (5/10) and the age of the home may result in elevated insurance premiums. The estimated insurance is $1151.964/year.
• Air Quality Risk: The moderate air quality risk (3/10) with 3 bad air days a year, may be a concern for some buyers.
• Previous Listing History: Listed for $239,000 in 2024 then a 35.6% increase to $323,990 in 2025, then a decrease of -1.2% to 319,990. This indicates the property may be overpriced.
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
• First-time homebuyers seeking a move-in-ready property: The recent remodel and included appliances offer a hassle-free transition.
• Buyers prioritizing updated systems: The new plumbing, electrical updates, and foundation repair provide peace of mind regarding potential maintenance costs.
• Individuals valuing energy efficiency: The new windows contribute to lower utility bills and a more comfortable living environment.
• Buyers seeking access to amenities: The location provides convenient access to local schools, parks, and shopping centers.
• Investors seeking rental income: With median 3-bedroom rental rates at $2150/month (2023 data), this property presents a potential investment opportunity.
Not For
• Buyers seeking top-rated schools: The nearby schools have lower ratings (2/10 and 3/10), which may not meet the needs of families prioritizing education.
• Buyers needing a large home: At 1,224 sqft, this property may feel small for larger households or those desiring more living space.
• Buyers prioritizing low-risk climates: The severe heat risk (7/10) and major wind risk (5/10) may deter those seeking a milder climate with less potential for extreme weather events.
• Buyers who want immediate equity: Given the price fluctuations and days on market, the property may not offer immediate appreciation potential.
• Buyers seeking a recently built home: Built in 1970, the property may lack the modern construction and energy efficiency found in newer homes, despite the recent remodel.
Demographics
Area Median Income
$68,923
Property History
Price History
Ownership Timeline
$0Financed
Sep 18, 2024Konroe Joe StahlAjr Homes Llc
Vendors Lien
Non-Arm's Length Transactions
Property Taxes
$4,057
2024 Tax Assessment
13.1%from previous year
Assessed Value$234,791
Tax Rate1.73%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
3.0/10
Below AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,380
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