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702 Petersburg Rd
Score
69
Woodbine, NJ

702 Petersburg Rd

499K
3 bd • 3 ba • 1,892 sf

This analysis was generated on 4/4/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$499,000
+28%vs 08270
Price/Sq.Ft
$264
+16%vs 08270
Above Fair Value
5.1% above range

Current Price

$499,000

Fair Range

$425,000 - $475,000

$499,000
Below Market-20%
Above Market+20%

Negotiation Leverage

4 points to consider in your offer

Recommended Offer

$440,000
Success Probability:High(65%)

AI Rationale

Reflects market conditions, necessary repairs, and seller motivation. The offer provides room for negotiation while addressing key issues.

Overall Score
69
67
Home Condition
75
Natural Light
70
Value
68
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Exterior Paint Color
Exterior Paint Color

Exterior Paint Color

The exterior of the house is painted a bright pink color, which is an unusual and potentially off-putting choice for many buyers. This will likely need to be repainted.

Outdated Bathroom
Outdated Bathroom

Outdated Bathroom

The bathroom features outdated wallpaper and fixtures, including a pink countertop and a dated shower enclosure.

Dated Kitchen
Dated Kitchen

Dated Kitchen

The kitchen has a mix of old and newer appliances, with a rustic aesthetic that may not appeal to all buyers. The cabinets appear to be older and may need updating.

Worn Wood Floors
Worn Wood Floors

Worn Wood Floors

The floors in the living areas appear to be original wood, but they show signs of wear and tear. They may need refinishing or replacement.

Worn Staircase
Worn Staircase

Worn Staircase

The wooden stairs show signs of wear and tear, with some areas appearing discolored or damaged. This could be a safety hazard and detracts from the overall appearance.

Damaged Brickwork
Damaged Brickwork

Damaged Brickwork

The exterior brickwork on the steps and patio appears to be deteriorating, with some bricks missing or cracked. This could lead to further damage and is a safety concern.

Sunroom Interior
Sunroom Interior

Sunroom Interior

The sunroom has an orange interior with a checkered floor, which may not be to everyone's taste.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$25,000

Exterior Repainting

$15,000
High

Bathroom Renovations

$10,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

May
2004
$350,000Cash Purchase
May 7, 2004
From:Robert G David, Joan H David
To:Raymond A Finley Iii, Deborah A Finley
Bargain And Sale Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$499,000
-30%List: $499,000+30%
20%
$99,800of $499,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $2,096/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$133,385
Closing Costs
+$33,585
Down Payment
$99,800
Buyer Agent Fee
$12,725
Loan Fees
$3,992
Title & Escrow
$2,994
Inspections
$900
Transfer Tax
$5,489
Prepaid Expenses
$7,485

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
166 days
vs 121 day average
This home has been listed for 166 days, while homes in this area typically sell in 121 days
Inventory Health
22
homes for sale
7 homes sold last month, indicating 3.1x more supply than demand
Price Dynamics
90.8%
of asking price
Homes typically sell for 9.2% below asking price

Price Trajectory

$205,000
Current median price
+179.9%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly cooling
Prices are down 54.9% over the last 3 months
3 Months
-54.9%
6 Months
-43.1%
1 Year
+179.9%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market decreasing 82.6% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$205,000
3 Months Ago
$258,438
20.7%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$499,000
Price/sqft
$264
Layout
3 bd3 ba
Days on market
166 daysat time of analysis

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$189,900

162.8%

Your price is 162.8% above average

Median Price

$189,900

162.8%

Based on 2 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

1175 rt 47, Dennisville, NJ 08270
Price: $189,900
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 3/11/2025
1175 Route 47, Woodbine Borough, NJ 08270
Price: $189,900
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 3/6/2025

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 2 major, and 1 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the foundation for cracks, especially near the waterfront and areas with damaged brickwork.

Thoroughly inspect all wood floors, especially in areas with visible wear and tear, for signs of rot, water damage, or insect infestation.

Inspect the electrical panel for proper labeling, adequate amperage, and any signs of overheating or damage.

Check the ceilings and walls for water stains, cracks, or signs of mold, especially in bathrooms and near the roofline.

Questions to Ask

Important questions to ask during the tour

What is the age of the electric water heater, and when was it last serviced?

Are there any known issues with the septic system or well (if applicable), and when was the last inspection?

Can you provide any documentation regarding the age and condition of the roof?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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