Score
0Comer, GA
8 W Pine Ave
175K
3 beds
1 baths
1,328 sqft
3 bd • 1 ba • 1,328 sf
This analysis was generated 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
Property History
Price History
Ownership Timeline
$0Cash Purchase
Oct 7, 2021Peggy Nelms BeardDedra Poss Banks, Michel Poss Roberts
Warranty Deed
Non-Arm's Length Transactions
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
Middle
5.0/10
AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$825
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$175,000
Price/sqft
$132
Layout
3 bd•1 ba
Days on market
53 daysat time of analysis
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$278,000
37.1%
Your price is 37.1% below average
Median Price
$316,000
44.6%
Based on 4 recent sales
Price per Sq.Ft
$194
32.1%
Your price is 32.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 15 Shannons Lane, Comer, GA 30629 | $316,000 | 1,400 | 3 | 2 | $22671.3% | 8/30/2024 |
| 15 Shannons Lane, Comer, GA 30629 | $316,000 | 1,400 | 3 | 2 | $22671.3% | 8/30/2024 |
| 131 Scarlett Oak Lane, Comer, GA 30629 | $240,000 | 1,470 | 3 | 2 | $16323.9% | 8/16/2024 |
| 131 Scarlett Oak Lane, Comer, GA 30629 | $240,000 | 1,470 | 3 | 2 | $16323.9% | 8/14/2024 |
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
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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