Score
0Troy, MI
865 Randall Dr
420K
3 beds
3 baths
2,225 sqft
3 bd • 3 ba • 2,225 sf
This analysis was generated on 2/10/2025. 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
$419,900
Price/Sq.Ft
$189
Year Built
1975
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Excellent School District: The property is within walking distance of Leonard Elementary (Blue Ribbon school with a 9/10 rating) and has access to Smith Middle School (7/10) and Troy High School (9/10). This is a major draw for families.
• Spacious Layout (2,225 sqft): The property offers a spacious layout with three bedrooms and three bathrooms, suitable for families or individuals who value ample living space.
• Updated Kitchen: The kitchen features stainless steel appliances and ample cabinet space, suggesting recent updates that add value to the property.
• Family Room with Fireplace: The vaulted family room with an all-brick fireplace provides a cozy and inviting space for relaxation and entertainment.
• Large Backyard: The big backyard with mature trees and a patio offers ample outdoor space for recreation and entertaining.
The Bad
• Age of the Property (Built in 1975): While described as lovingly maintained, a home built in 1975 may have outdated systems (plumbing, electrical) that could require future upgrades or repairs.
• Partially Finished Basement: A partially finished basement may not meet the needs of buyers seeking fully finished living space. Additional investment may be required to complete the basement to desired standards.
• Moderate Flood Risk (3/10): The property has a moderate flood risk, which may require flood insurance and potential mitigation measures. This is higher than the minimal rating and should be considered.
• Commute Times: While Troy offers convenient access to major highways, rush hour traffic can be significant. Commute times to Detroit or other nearby cities could be longer than expected.
The Ugly
• Significant Price Increase Since Last Sale: The property was sold in 1996 for $162,000 and is now listed for $419,900, representing a 159.2% increase. While property values have generally increased, this significant jump warrants careful consideration of market conditions and potential overvaluation.
• Potential for Overbidding: The listing explicitly states that all offers are due by a specific date, suggesting a competitive bidding situation. This could lead to buyers overpaying for the property.
• Reliance on Description: The analysis is heavily reliant on the property description, as there is no interior inspection data. The terms 'charming' and 'lovingly maintained' are subjective and require verification through a thorough inspection.
• Limited Information on HOA: The provided data does not include information on a Homeowner's Association (HOA). If an HOA exists, there will be associated fees and regulations that need to be considered.
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
• Families Prioritizing School Quality: The property's location within walking distance of Leonard Elementary (9/10 rating) and access to Smith Middle School (7/10) and Troy High School (9/10) makes it ideal for families seeking top-rated public schools.
• Buyers Seeking a Move-In Ready Home: The description highlights thoughtful updates and loving maintenance, suggesting the property is in good condition and requires minimal immediate renovations.
• Individuals Valuing Outdoor Space: The property features a big backyard with mature trees and a patio, suitable for those who enjoy outdoor entertaining or gardening.
• Buyers Comfortable with Troy's Real Estate Market: This market is competitive, and this property will likely require a strong offer to secure it.
Not For
• Buyers Seeking a Highly Walkable Neighborhood: While the property is within walking distance to Leonard Elementary, Troy, in general, has limited walkability in many areas. Those prioritizing walkability to amenities and restaurants may find this location less suitable.
• Individuals Concerned About Basement Flooding: Given Troy's susceptibility to basement flooding, buyers with a strong aversion to this risk may want to explore properties with better drainage or newer construction techniques.
• Buyers with Limited Budgets: Troy's competitive real estate market and relatively high property taxes may make it challenging for buyers with strict budget constraints.
• Buyers seeking modern open concept designs: The home was built in 1975 and described as a 'charming colonial'. Colonial style homes typically have more defined, separate rooms, which may not appeal to buyers seeking open floor plans.
Demographics
Area Median Income
$123,388
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 1, 2024Michael E Birkett, Janet S BirkettMichael E Birkett, Janet S Birkett
Intrafamily Transfer
Non-Arm's Length Transactions
$168,500Cash Purchase
Dec 26, 2000Karen M BondyMcihael E Birkett
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$0
2024 Tax Assessment
Assessed Value$189,030
Tax Rate0.00%
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
7.0/10
GoodHigh
9.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,270
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$419,900
Price/sqft
$189
Layout
3 bd•3 ba
Days on market
5 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$537,821
21.9%
Your price is 21.9% below average
Median Price
$554,925
24.3%
Based on 6 recent sales
Price per Sq.Ft
$249
24.2%
Your price is 24.2% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5144 TYLER Drive, Troy, MI 48085 | $477,500 | 2,219 | 4 | 3 | $21514.0% | 12/11/2024 |
| 5092 Berwyck, Troy, MI 48085 | $562,500 | 2,340 | 4 | 3 | $24027.4% | 10/6/2024 |
| 62 Pineview Drive, Troy, MI 48085 | $602,000 | 2,583 | 4 | 3.1 | $23323.5% | 9/19/2024 |
| 793 Huntley Ln, Troy, MI 48085 | $554,925 | 1,805 | 3 | 2.1 | $30762.9% | 1/28/2025 |
| 74 HAMPSHIRE Drive, Troy, MI 48085 | $505,000 | 2,048 | 3 | 2.2 | $24730.7% | 11/7/2024 |
| 386 BELHAVEN Drive, Troy, MI 48085 | $525,000 | 2,110 | 3 | 2 | $24931.8% | 11/22/2024 |
5144 TYLER Drive, Troy, MI 48085
Price: $477,500
Sq.Ft: 2,219
Beds/Baths: 4/3
$/Sq.Ft:
$21514.0%
Sale Date: 12/11/2024
5092 Berwyck, Troy, MI 48085
Price: $562,500
Sq.Ft: 2,340
Beds/Baths: 4/3
$/Sq.Ft:
$24027.4%
Sale Date: 10/6/2024
62 Pineview Drive, Troy, MI 48085
Price: $602,000
Sq.Ft: 2,583
Beds/Baths: 4/3.1
$/Sq.Ft:
$23323.5%
Sale Date: 9/19/2024
793 Huntley Ln, Troy, MI 48085
Price: $554,925
Sq.Ft: 1,805
Beds/Baths: 3/2.1
$/Sq.Ft:
$30762.9%
Sale Date: 1/28/2025
74 HAMPSHIRE Drive, Troy, MI 48085
Price: $505,000
Sq.Ft: 2,048
Beds/Baths: 3/2.2
$/Sq.Ft:
$24730.7%
Sale Date: 11/7/2024
386 BELHAVEN Drive, Troy, MI 48085
Price: $525,000
Sq.Ft: 2,110
Beds/Baths: 3/2
$/Sq.Ft:
$24931.8%
Sale Date: 11/22/2024
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