Score
0Lake Placid, FL
73 Lake Henry Dr
150K
00
1,007 sqft
0 bd • 0 ba • 1,007 sf
This analysis was generated on 2/25/2025. 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
$150,000
Price/Sq.Ft
$149
Year Built
1974
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Unique Dome Structure: The dome shape offers a distinctive architectural style that may appeal to some buyers, and potentially increased protection against hurricanes.
• Low Flood Risk: The property has a minimal flood risk (1/10) and is in FEMA Zone X_UNSHADED, reducing the need for flood insurance.
• Below Average Price Per Square Foot: At $148.96/sqft, the property is priced competitively compared to the median price per square foot in some other Florida markets.
• Estimated Low Insurance Cost: The estimated insurance cost of $540/year is relatively low, potentially reducing overall ownership expenses.
The Bad
• Unknown Number of Bedrooms and Bathrooms: The listing lacks specific information on the number of bedrooms and bathrooms, making it difficult to assess the property's suitability.
• Reliance on Description: The description's claim of hurricane safety should not be taken at face value. A professional inspection is necessary to verify this claim.
• Unclear Lot Size: While the description mentions a 'nice big lot,' the actual size is not quantified, making it difficult to assess its potential use and value.
• Limited Property Features Listed: The lack of detailed property features makes it challenging to compare this home to others in the market.
The Ugly
• Age of the Property (Built in 1974): The home's age suggests potential issues with outdated systems (electrical, plumbing, HVAC) and the need for significant renovations. Homes built before 1990 in Florida may have outdated building codes and materials.
• Extreme Wind Risk (10/10): Despite the dome structure, the area has an extreme wind risk, which could lead to higher insurance premiums and potential damage during storms.
• Severe Heat Risk (8/10): The high heat risk in Lake Placid can result in high cooling costs and potential health concerns during the summer months. Consider energy-efficient upgrades and proper insulation.
• Lack of Detailed Information: The listing lacks crucial details, such as the number of bedrooms and bathrooms, system ages, and lot size. This makes it difficult to assess the property's true value and potential issues.
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
• Buyers Seeking a Unique, Potentially Hurricane-Resistant Home: The dome structure may appeal to those prioritizing storm safety, though an inspection is crucial.
• Individuals Interested in Renovation Projects: This property offers a chance to customize and update a distinctive home.
• Buyers Comfortable with Unconventional Design: The dome shape and layout will suit those who don't require a standard floor plan.
• Buyers looking to purchase a home below the median home price: With a listing price of $150,000, this property offers affordability compared to other options in the area.
Not For
• Buyers Seeking a Traditional Home Layout: The dome structure may not suit those who prefer conventional room arrangements.
• Individuals Requiring Move-In Ready Condition: This property likely needs updates and repairs, making it unsuitable for those seeking immediate occupancy.
• Buyers Sensitive to High Heat Risk: Lake Placid has a severe heat risk (8/10), which might deter those uncomfortable with high temperatures.
• Buyers with Limited Renovation Budgets: Given the home's age and unique design, potential renovations may be extensive and costly.
Demographics
Area Median Income
$46,525
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 25, 2020Patricia McfetridgePatricia Diane Mcfetridge, Patricia D Henson Revocable Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Feb 18, 2020Patricia Mcfetridge, Estate Of Jerry A McfetridgePatricia Mcfetridge
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$913
2023 Tax Assessment
3.1%from previous year
Assessed Value$50,229
Tax Rate1.82%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
4.0/10
AverageFinancials
Monthly Costs
Market Rent (0 bed)
Get a detailed estimate on Zillow$707
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$150,000
Price/sqft
$149
Layout
0 bd•0 ba
Days on market
6 daysat time of analysis
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$184,967
18.9%
Your price is 18.9% below average
Median Price
$214,900
30.2%
Based on 3 recent sales
Price per Sq.Ft
$243
38.7%
Your price is 38.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 11 Pinewood Court, Lake Placid, FL 33852 | $214,900 | 1,191 | 2 | 2 | $18021.1% | 11/23/2024 |
| 55 Chickasaw Street, Lake Placid, FL 33852 | $320,000 | 1,044 | 2 | 2 | $307105.8% | 9/20/2024 |
| 144 Cloverleaf Byp, Lake Placid, FL 33852 | $20,000 | N/A | N/A | N/A | N/A | 9/5/2024 |
11 Pinewood Court, Lake Placid, FL 33852
Price: $214,900
Sq.Ft: 1,191
Beds/Baths: 2/2
$/Sq.Ft:
$18021.1%
Sale Date: 11/23/2024
55 Chickasaw Street, Lake Placid, FL 33852
Price: $320,000
Sq.Ft: 1,044
Beds/Baths: 2/2
$/Sq.Ft:
$307105.8%
Sale Date: 9/20/2024
144 Cloverleaf Byp, Lake Placid, FL 33852
Price: $20,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/5/2024
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