949 Lenox Pl

• Slate Roof: Durable and aesthetically pleasing, adds significant value and longevity to the property • Wrap-around Porch: Provides ample outdoor living space and enhances the architectural appeal • Brick Exterior: Durable and low-maintenance, contributing to long-term value • Slate Roof • Brick Exterior • Wrap-around Porch • Multiple Fireplaces (visible chimneys) • Mature Landscaping • Price Position: At $174.77 per square foot, the property's price is relatively low compared to the national average. However, without local market data, it is difficult to determine if this is a fair price for the Mount Adams area. • Appreciation Trend: The property sold for $445,830 in 2003 and is now listed for $1,050,000, representing a significant increase in value over time. However, the lack of recent market data makes it difficult to assess current appreciation trends. • Potential Equity: Property could be worth up to $50,000 more than the asking price • Rental Income: $4,113/month with 95% occupancy (0.0% cap rate) • Schools: Proximity to Walnut Hills High School (9/10) likely adds a significant premium to property values, potentially 5-10% compared to areas with lower-rated schools. The lower rating of South Avondale Elementary may be a concern for some buyers. • Future Development: No specific developments are listed. However, maintaining the historic character of the gaslight district is a priority, which could limit large-scale changes. • The large windows and multiple exposures suggest good natural light throughout the house. The porch may provide some shade, but overall, the light appears to be plentiful.