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886 Payne Ave
Score
78
Saint Paul, MN

886 Payne Ave

460K
3 bd • 9 ba • 6,426 sf

This analysis was generated on 4/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$459,900
+100%vs 55130
Price/Sq.Ft
$72
-51%vs 55130
Within Fair Range
within range

Current Price

$459,900

Fair Range

$445,000 - $465,000

$459,900
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$455,000
Success Probability:High(75%)

AI Rationale

Reflects market conditions, repair costs, and seller motivation. Quick close sweetens the deal.

Overall Score
78
65
Home Condition
70
Natural Light
95
Value
68
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Aging Balcony
Aging Balcony

Aging Balcony

The balcony appears to be aged and may require structural inspection and repairs to ensure safety.

Dumpster Proximity
Dumpster Proximity

Dumpster Proximity

The presence of dumpsters close to the building could indicate potential pest issues or sanitation concerns.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

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

Sep
2002
$96,000Cash Purchase
September 27, 2002
From:Richard D Berget Sr
To:Steven W Lauber
Warranty Deed
Non-Residential Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$459,900
-30%List: $459,900+30%
20%
$91,980of $459,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,932/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$123,004
Closing Costs
+$31,024
Down Payment
$91,980
Buyer Agent Fee
$11,727
Loan Fees
$3,679
Title & Escrow
$2,760
Inspections
$900
Transfer Tax
$5,059
Prepaid Expenses
$6,899

* 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

5
/10
Limited Buyer Power
Market Speed
4 days
vs 35 day average
This home has been listed for 4 days, while homes in this area typically sell in 35 days
Inventory Health
16
homes for sale
9 homes sold last month, indicating 1.8x more supply than demand
Price Dynamics
101.7%
of asking price
Homes typically sell for 1.7% above asking price

Price Trajectory

$266,500
Current median price
-2.1%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly heating
Prices are up 5.3% over the last 3 months
3 Months
+5.3%
6 Months
+13.4%
1 Year
-2.1%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 105.6% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$266,500
3 Months Ago
$177,450
+50.2%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$459,900
Price/sqft
$72
Layout
3 bd9 ba
Days on market
4 daysat time of analysis

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$55,000

736.2%

Your price is 736.2% above average

Median Price

$65,000

607.5%

Based on 2 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

791 York Avenue, Saint Paul, MN 55106
Price: $65,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/27/2024
920 Fremont Avenue, Saint Paul, MN 55106
Price: $45,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/22/2024

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Low Climate Risk

This property has minimal climate-related risks

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

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the stucco for cracking, especially on the side of the building, and probe any cracks with a screwdriver to assess the depth and condition of the underlying material.

Thoroughly inspect the balcony, paying close attention to the supports, railings, and decking. Look for signs of rot, rust, or instability. Test the railings for sturdiness.

Inspect all apartment units for signs of water damage, including stains on ceilings and walls, especially around windows and in bathrooms. Pay close attention to the unit directly below the cracked stucco area.

Questions to Ask

Important questions to ask during the tour

Can you provide a detailed history of the building's maintenance and repairs over the past 5 years, including receipts and contractor information?

What is the current lease status of the commercial tenant (bakery), including the lease term, rent amount, and any renewal options?

Have there been any issues with the boiler system in recent years, and what is its estimated remaining lifespan?

Given the age of the building, has a lead paint inspection been performed? If so, can I review the report?

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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