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89368 North Ln
Score
0
Florence, OR

89368 North Ln

400K
3 bd • 2 ba • 1,560 sf

This analysis was generated on 3/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$400,000

Price/Sq.Ft

$256

Year Built

AI Property Analysis

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

The Good

• Metal Roof: Long-lasting and durable, adds approximately $10,000 in value. • Large Asphalt Driveway: Provides ample parking and good curb appeal, adding approximately $3,000 in value. • Laminate Flooring • Metal Roof • Asphalt Driveway • Price Position: At $256.41/sqft, a comparative analysis to similar properties is needed to determine if this is a competitive price. Market data unavailable • Appreciation Trend: Market data unavailable • Rental Income: $1,917/month with 99% occupancy (0.1% cap rate) • Schools: Unable to assess the impact of school quality on property value due to lack of available school data. • Future Development: Further research is needed to identify specific planned developments near 89368 North Ln, Florence, OR. Contacting the local planning department is recommended. • The kitchen layout is functional but somewhat dated. The open doorway provides good flow to other living spaces.
Metal Roof

Metal Roof

Long-lasting and durable, adds approximately $10,000 in value.

Large Asphalt Driveway

Large Asphalt Driveway

Provides ample parking and good curb appeal, adding approximately $3,000 in value.

The Bad

• Kitchen Renovation (MEDIUM priority): $15,000 • Lack of specific market data limits a comprehensive risk assessment. General economic conditions and interest rate fluctuations could impact buyer demand. • Absence of crime statistics raises concerns about neighborhood safety and security, potentially affecting property values. • Reliance on tourism could make the local economy vulnerable to seasonal fluctuations and external events.

The Ugly

• Climate Risk: Insurance rates near coastal areas can vary. Recommend obtaining quotes to assess potential higher premiums due to proximity to water and potential climate-related risks.

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

Rental Property Investors: Potential annual revenue of $23,004 with 99% occupancy rate Value Investors: Projected 13.0% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $15,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$53,552

Property History

Price History
Ownership Timeline
$400,000Financed
Mar 20, 2023
Eric W TimbrlakeSusan F Somers, Thomas L Somers
Warranty Deed
Standard Sale (Purchase/Resales)
$160,000Financed
Oct 11, 2010
Sarah J RaganEric W Timberlake
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$902

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$400,000
Price/sqft
$256
Layout
3 bd2 ba
0

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$422,500

5.3%

Your price is 5.3% below average

Median Price

$435,000

8.0%

Based on 2 recent sales

Price per Sq.Ft

$289

11.3%

Your price is 11.3% below average $/sqft

Comparable Properties

88943 TWIN LAKES CT, Florence, OR 97439
Price: $410,000
Sq.Ft: 1,782
Beds/Baths: 3/2
$/Sq.Ft:
$23010.3%
Sale Date: 10/31/2024
88999 SUTTON LAKE RD, Florence, OR 97439
Price: $435,000
Sq.Ft: 1,248
Beds/Baths: 3/2
$/Sq.Ft:
$34935.9%
Sale Date: 10/2/2024

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