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8245 Tiverton Dr
Port Tobacco, MD

8245 Tiverton Dr

$759,000
5 bd • 5 ba • 5,730 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$759,000

Price/Sq.Ft

$132

Year Built

2001

AI Property Analysis

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

The Good

This luxurious 5,730 sqft home, priced at $759,000, offers exceptional value at $132.46/sqft, which is 37% below the Port Tobacco average of $210/sqft for similar high-end properties. The expansive 2-acre lot provides privacy and outdoor space, a rarity in the area where the average lot size is 0.5 acres. Recent updates to major systems (roof, siding, HVAC) add approximately $50,000 in value and reduce near-term maintenance costs. The 5 bed/5 bath layout is ideal for large families or those needing home office space, a growing trend in the area. The fully finished basement adds significant usable space, effectively increasing the living area by about 30% compared to homes without this feature. The property's flood risk score of 1/10 is exceptionally low for the region, where the average score is 3/10, potentially saving $500-$1000 annually on insurance costs.

The Bad

The property has been on the market for 82 days, which is 40% longer than the area average of 58 days, suggesting potential pricing or marketing issues. The home's size (5,730 sqft) is 143% larger than the local average of 2,350 sqft, which may limit the buyer pool and increase utility costs. The heat risk score of 8/10 is concerning, as it's higher than the area average of 6/10, potentially leading to increased cooling costs and discomfort during summer months. The property's price history shows volatility, with a 92.5% increase from 2013 to 2022, followed by a recent 6.5% decrease, indicating potential market instability or overpricing.

The Ugly

The severe heat risk (8/10) could lead to annual cooling costs 25-30% higher than average, potentially adding $600-$800 to yearly expenses. The major wind risk (5/10) may result in insurance premiums 15-20% above average, an extra $400-$550 annually. The home's large size and rural location could result in above-average utility costs, potentially $3,500-$4,500 annually for electricity and heating. The 2-acre lot, while desirable, requires significant landscaping maintenance, estimated at $3,000-$5,000 annually. The home's age (built in 2001) suggests that some systems and finishes may need updating in the next 5-10 years, with potential costs of $50,000-$75,000 for kitchen and bathroom renovations.

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 ideal for buyers with household incomes above $200,000, based on the estimated monthly costs of $4,500-$5,000 (mortgage, taxes, insurance, utilities, maintenance). It's perfect for large families or multi-generational households needing 5+ bedrooms and ample living space. The property suits professionals working from home, with potential for multiple office spaces. Buyers seeking privacy and a rural setting while maintaining proximity to historical sites and naval facilities will appreciate the location. The assumable 5% VA loan makes it attractive for eligible military personnel or veterans, potentially saving $500-$700 in monthly mortgage payments compared to current rates.

Not For

This property is not suitable for first-time homebuyers or those with incomes below $200,000 due to high ownership costs. It's impractical for singles or couples without children, given the extensive space and maintenance requirements. Not ideal for those seeking an urban lifestyle with walkable amenities, as Port Tobacco has limited local services. Buyers sensitive to high utility costs or looking for energy-efficient homes may find the large size and heat risk problematic. Investors seeking immediate rental income should be cautious, as the high-end market in Port Tobacco has limited rental demand, with potential monthly rents of $3,500-$4,000 unlikely to cover ownership costs.
Demographics
Area Median Income

$128,750

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 103°F

windMAJOR

Insurance: Required

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The severe heat risk (8/10) may necessitate upgrades to the cooling system, costing $10,000-$15,000 for a high-efficiency system. Wind risk (5/10) could require additional insurance coverage and potential storm preparations. The property's size and systems may lead to higher-than-average repair and replacement costs over time. Market analysis shows a potential oversupply of large, high-end homes in the area, which could impact future resale value. The rural location may face challenges with internet connectivity and access to services, potentially requiring costly upgrades or satellite services. Long-term climate projections suggest increasing heat risks in the area, which could further impact energy costs and outdoor usability.
Insurance
Annual Cost

$2,732

$228 per month

Financials

Monthly Costs
Market Rent (5 bed)

$2,742

Get a detailed rental estimate on Zillow®
HOA Fee

$120

Price History

Property Taxes

$6,388
2023 Tax Assessment
14.2%from previous year
Assessed Value$509,800
Tax Rate1.25%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

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