875 5th Ave #1B
This analysis was generated on 3/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:00Property Overview
Current Price
$900,000
Fair Range
$875,000 - $925,000
Negotiation Leverage
4 points to consider in your offer
Recommended Offer
AI Rationale
Accounts for needed renovations and market conditions. Seller motivation is high due to extended listing and potential carrying costs.
Visual Insights
AI-analyzed spaces with reimagining capabilities
Dated Reception Chairs
The reception area chairs in image 1 have a dated appearance and may not appeal to modern tastes.
Renovation Assessment
Prioritized renovations based on property inspection and market impact.
High Priority Renovations
No required renovations identified
Note: these are rough estimates. For more accurate estimates, please contact a professional.
Ownership History
Previous ownership changes and transaction details
Pricing History
Historical pricing trends for this property
Monthly Costs
Interactive breakdown of estimated monthly expenses
Upfront Transaction Costs
Estimated costs due at closing, including down payment and fees
* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.
** Buyer agent fees are negotiable and may sometimes be covered by the seller.
Buyer Power Index
Price Trajectory
Historical Market Pulse
Key metrics over time, revealing market momentum and patterns
Negotiation Insight
Home sales decreasing 32.0% over the past 3 months suggests growing buyer leverage.
Schools
Nearby school quality by education level
Middle
High
Climate Risks
Assessment of climate-related hazards for this property
Moderate Risk Profile
This property has 0 severe, 0 major, and 3 moderate risk factors
Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.
Sunlight Analysis
Data provided by Shadowmap
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Tour Checklist
Key items to inspect during your property tour
Inspect the ceiling and walls for water stains, especially near windows and in bathrooms.
Questions to Ask
Important questions to ask during the tour
What specific upgrades or repairs have been made to the plumbing and electrical systems in the past 10 years?
Can you provide documentation of the building's maintenance schedule and any recent repairs related to the central air system?
What are the specific details of the capital assessment of $316.67/month, and what projects does it cover?
Can you provide a detailed breakdown of the HOA fees and what services they cover?
Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.
Property Discussion
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