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8 W Pine Ave
Comer, GA

8 W Pine Ave

$175,000
3 bd • 1 ba • 1,328 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$175,000

Price/Sq.Ft

$132

Year Built

1945

AI Property Analysis

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

The Good

The property at 8 W Pine Ave, Comer, GA offers excellent value at $131.78/sqft, which is significantly below the median price for 3-bedroom homes in the area ($1,335/month rental rate suggests higher market values). The 0.36-acre lot size is generous for a downtown location, providing ample outdoor space. The home's location in the heart of downtown Comer offers walkability to local amenities like coffee shops, cafes, and the weekly Farmer's Market, enhancing its appeal and potential for appreciation. The property features character-rich elements such as walk-in closets and built-in shelving, adding to its charm. The screened-in back porch is a valuable feature for outdoor enjoyment. The home's proximity to Athens, Elberton, and Commerce expands its potential buyer pool. Climate risk is relatively low, with minimal flood risk (1/10) and no critical flood insurance requirement, which is a significant advantage.

The Bad

The property has been on the market for 201 days, suggesting potential issues with pricing or condition. The home was built in 1945, which may indicate the need for updates or renovations. With only one bathroom for three bedrooms, the layout may be less appealing to some buyers. The property has undergone multiple price reductions, from an initial listing of $250,000 to the current $175,000, indicating possible overpricing or market challenges. The local schools have average ratings (5-6/10), which may deter families with school-age children. The median income in the area ($53,472) is relatively low, which could impact future appreciation and the pool of potential buyers.

The Ugly

The property faces significant climate risks, particularly in fire (5/10), heat (6/10), and wind (5/10), all rated as MAJOR. These risks could lead to higher insurance premiums and potential property damage. The critical need for fire and wind insurance adds to the overall cost of ownership. With only basic features mentioned (ceiling fan, oven, range), the home may lack modern amenities and require substantial upgrades. The age of the house (80 years old) suggests a high likelihood of major system replacements being necessary soon, including plumbing, electrical, and possibly structural elements. The single bathroom could be a significant drawback for a three-bedroom home, potentially requiring a costly addition to meet modern expectations.

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 investors looking for an entry-level property with potential for appreciation. It's ideal for singles or couples who prioritize location over space and are comfortable with a more modest living arrangement. The home would appeal to those who value small-town living and proximity to local amenities. Investors looking for a rental property could benefit from the low purchase price and potential for steady rental income, given the area's rental rates. DIY enthusiasts or those willing to invest in renovations could add significant value to the property.

Not For

This property is not suitable for larger families needing multiple bathrooms or those seeking a move-in ready, modern home. Buyers with a household income significantly above the area median of $53,472 may find the property and location limiting. It's not ideal for those sensitive to climate risks, particularly fire and heat. Individuals looking for a low-maintenance property or those unwilling to invest in potential upgrades and renovations should look elsewhere. The property may not meet the needs of those requiring high-rated school districts.
Demographics
Area Median Income

$53,472

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 105°F

fireMAJOR

Insurance: Required

windMAJOR

Insurance: Required

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The major climate risks (fire 5/10, heat 6/10, wind 5/10) pose significant threats to the property and may result in higher insurance costs and potential damage. The age of the home (built 1945) suggests a high risk of major system failures or necessary upgrades, which could be costly. The single bathroom for a three-bedroom home may limit future resale potential without significant investment. The multiple price reductions and extended time on market (201 days) indicate possible overpricing or underlying issues with the property. The area's relatively low median income ($53,472) could impact future appreciation and limit the pool of potential buyers in case of resale. The basic feature set and potential need for modernization could require substantial investment to bring the property up to current market standards.
Insurance
Annual Cost

$630

$53 per month

Financials

Monthly Costs

Price History

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$278,000

58.9% above list price

Median Price

$316,000

Based on 4 recent sales

Price per Sq.Ft

$194

Comparable Properties

15 Shannons Lane, Comer, GA 30629
Price: $316,000
Sq.Ft: 1,400
Beds/Baths: 3/2
$/Sq.Ft:
$22671.3%
Sale Date: 8/30/2024
15 Shannons Lane, Comer, GA 30629
Price: $316,000
Sq.Ft: 1,400
Beds/Baths: 3/2
$/Sq.Ft:
$22671.3%
Sale Date: 8/30/2024
131 Scarlett Oak Lane, Comer, GA 30629
Price: $240,000
Sq.Ft: 1,470
Beds/Baths: 3/2
$/Sq.Ft:
$16323.9%
Sale Date: 8/16/2024
131 Scarlett Oak Lane, Comer, GA 30629
Price: $240,000
Sq.Ft: 1,470
Beds/Baths: 3/2
$/Sq.Ft:
$16323.9%
Sale Date: 8/14/2024

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