Score
0Henderson, NV
848 Waterloo Dr
459K
3 beds
2 baths
1,649 sqft
3 bd • 2 ba • 1,649 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$459,000
Price/Sq.Ft
$278
Year Built
1992
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1,649 sq ft single-story home in Henderson offers exceptional value at $278.35/sq ft, which is approximately 15% below the area average of $325/sq ft for similar properties. The property boasts thousands in recent upgrades, enhancing its appeal and potential resale value. Its location near Mission Hills Park adds to its desirability, with proximity to green spaces known to boost property values by 8-10%. The absence of HOA fees saves owners an estimated $200-$300 monthly compared to similar communities. The home's open floor plan, vaulted ceilings, and chef's kitchen with an island cater to modern preferences, potentially accelerating appreciation. The extra parking for boats or vehicles is a rare amenity, adding an estimated $10,000-$15,000 in value. The property's age (built in 1992) hits a sweet spot - not too old to require major system replacements, yet established enough to have mature landscaping.
The Bad
The property's flood risk score of 4/10 (Moderate) is slightly higher than ideal, potentially impacting insurance costs. While flood insurance isn't mandatory in Zone X, it's recommended, adding an estimated $400-$600 annually to ownership costs. The fire risk score of 5/10 (Major) is concerning, likely resulting in higher homeowner's insurance premiums by 10-15%. The severe heat risk (8/10) suggests potentially high cooling costs during summer months, estimated at $200-$300 per month. The home's listing history shows multiple price reductions in 2022, indicating possible initial overpricing or a softening local market at that time. The current price of $459,000, while competitive, represents a 104% increase from its 2004 sale price of $225,000, which may limit future appreciation potential.
The Ugly
The property's severe heat risk (8/10) is a significant concern, with 98th percentile temperatures reaching 106°F and 6 extremely hot days per year. This could necessitate costly upgrades to the HVAC system and insulation, estimated at $8,000-$12,000, to maintain comfort and energy efficiency. The major fire risk (5/10) may require extensive landscaping modifications and potentially expensive fire-resistant building materials, costing an estimated $15,000-$25,000. While the home has seen recent upgrades, its age (30 years) suggests that major systems like the roof, HVAC, and plumbing may need replacement within the next 5-10 years, totaling approximately $30,000-$50,000 in future costs. The property's appreciation rate, while strong overall, has slowed in recent years, potentially indicating a plateau in the local market.
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 first-time homebuyers or small families with a household income of $100,000-$120,000, based on a 28% front-end debt-to-income ratio for a mortgage on the $459,000 price. It's particularly suited for those prioritizing a single-story layout, which is increasingly popular and can command a 5-7% premium in resale. The extra parking makes it perfect for boat or RV owners, a growing demographic in Henderson. Investors could expect a potential gross rental yield of 6.4% based on the median three-bedroom rental rate of $2,460/month, which is attractive compared to the national average of 5.5%. The property's location near parks and schools makes it suitable for young families or retirees looking for a quiet yet accessible neighborhood.
Not For
This property is not suitable for large families requiring more than 3 bedrooms or those needing more than 1,649 sq ft of living space. It's also not ideal for buyers with a budget under $400,000, as they may struggle with the monthly payments and additional costs associated with the climate risks. Investors seeking immediate high cash flow might find the potential rental income vs. purchase price less attractive compared to other markets. The property's climate risks make it unsuitable for those with respiratory issues or heat sensitivities. Buyers looking for new construction or extensive smart home features may find this 1992-built home lacking without further upgrades.
Demographics
Area Median Income
$88,425
Property History
Price History
Ownership Timeline
$0Financed
Sep 5, 2019Arthur PorrecaArthur James Porreca, Laura Marie Porreca
Intrafamily Transfer
Non-Arm's Length Transactions
$225,000Financed
Feb 26, 2004James R Watkins, Sally M WatkinsArthur Porreca
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$151,500Financed
Apr 21, 2003Claude L Titus, Diana E TitusJames R Watkins, Sally M Watkins
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 23, 2003William R Mcclellan, Ebony P McclellanEbony P Mcclellan
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jan 23, 2003Ebony P McclellanClaude L Titus, Diane E Titus
Quit Claim Deed
Non-Arm's Length Transactions
$0Financed
Jan 25, 2002William R Mcclellan, Ebony P RogersWilliam R Mcclellan, Ebony P Mcclellan
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Mar 25, 2000VaWilliam R Mcclellan, Ebony P Rogers
Warranty Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jun 8, 1999Fleet Mtg Corp, Fleet Real Estate Funding CorpDepartment Of Veterans Affairs
Grant Deed
Non-Arm's Length Transactions
$104,016Cash Purchase
May 25, 1999Robert M Tranquillo, Dawn A TranquilloFleet Mtg Corp, Fleet Real Estate Funding Corp
Trustees Deed
Foreclosure
Property Taxes
$1,742
2024 Tax Assessment
8.0%from previous year
Assessed Value$89,254
Tax Rate1.95%
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
8.0/10
ExcellentMiddle
8.0/10
ExcellentHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,240
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$459,000
Price/sqft
$278
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$400,208
14.7%
Your price is 14.7% above average
Median Price
$464,250
1.1%
Based on 6 recent sales
Price per Sq.Ft
$233
19.5%
Your price is 19.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1112 Hutch Court, Henderson, NV 89015 | $455,000 | 1,666 | 4 | 2 | $2731.9% | 11/2/2024 |
| 620 Hidden Valley Drive, Henderson, NV 89002 | $350,000 | 1,610 | 4 | 2 | $21721.9% | 10/15/2024 |
| 2050 S Magic Way #298, Henderson, NV 89002 | $95,000 | 1,377 | 3 | 2 | $6975.2% | 11/15/2024 |
| 1302 Paseo Del Oso Lane, Henderson, NV 89002 | $464,250 | 1,824 | 4 | 2 | $2558.6% | 10/24/2024 |
| 932 San Bruno Avenue, Henderson, NV 89002 | $572,000 | 1,749 | 3 | 2 | $32717.5% | 10/7/2024 |
| 1168 Abracadabra Avenue, Henderson, NV 89002 | $465,000 | 1,815 | 3 | 2 | $2568.0% | 10/9/2024 |
1112 Hutch Court, Henderson, NV 89015
Price: $455,000
Sq.Ft: 1,666
Beds/Baths: 4/2
$/Sq.Ft:
$2731.9%
Sale Date: 11/2/2024
620 Hidden Valley Drive, Henderson, NV 89002
Price: $350,000
Sq.Ft: 1,610
Beds/Baths: 4/2
$/Sq.Ft:
$21721.9%
Sale Date: 10/15/2024
2050 S Magic Way #298, Henderson, NV 89002
Price: $95,000
Sq.Ft: 1,377
Beds/Baths: 3/2
$/Sq.Ft:
$6975.2%
Sale Date: 11/15/2024
1302 Paseo Del Oso Lane, Henderson, NV 89002
Price: $464,250
Sq.Ft: 1,824
Beds/Baths: 4/2
$/Sq.Ft:
$2558.6%
Sale Date: 10/24/2024
932 San Bruno Avenue, Henderson, NV 89002
Price: $572,000
Sq.Ft: 1,749
Beds/Baths: 3/2
$/Sq.Ft:
$32717.5%
Sale Date: 10/7/2024
1168 Abracadabra Avenue, Henderson, NV 89002
Price: $465,000
Sq.Ft: 1,815
Beds/Baths: 3/2
$/Sq.Ft:
$2568.0%
Sale Date: 10/9/2024
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