masterkey logo
986 Wylie St SE
Atlanta, GA

986 Wylie St SE

$950,000
4 bd • 3 ba • 2,321 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$950,000

Price/Sq.Ft

$409

Year Built

2006

AI Property Analysis

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

The Good

This property excels with its prime location in Reynoldstown, just steps from the Atlanta Beltline. The home has seen significant appreciation, increasing 72.7% from its last sale price in 2020. At $409.31/sqft, it's competitively priced compared to the median price of $450/sqft for similar homes in the area. Recent updates include a chef's kitchen with quartz countertops and stainless steel appliances, freshly refinished hardwood floors, and a spa-inspired primary bathroom. The property boasts excellent outdoor living spaces with a screened porch, sunny deck, and private fenced backyard with a firepit. Its 2,321 sqft layout is 15% larger than the neighborhood average of 2,000 sqft for similar homes. The property's flood risk score of 1/10 is significantly better than the area average of 3/10. Current rental rates for 4-bedroom homes in the area are $2,420/month, suggesting a potential 3.1% cap rate.

The Bad

The property has been on the market for 51 days, which is above the Atlanta average of 30 days, suggesting potential pricing or market challenges. The home's age (built in 2006) means it may require some system updates in the coming years. The local schools have mixed ratings, with the nearest elementary school rated 7/10, but the middle and high schools rated only 3/10 and 4/10 respectively. This could impact long-term value and attractiveness to families. The estimated insurance cost of $3,420/year is about 15% higher than the Atlanta average of $2,970/year for similar homes, likely due to the property's value and location.

The Ugly

The rapid appreciation of 72.7% since 2020 raises concerns about potential market volatility and the sustainability of such growth. This could lead to challenges in future appreciation or even a market correction. The total monthly ownership costs are high at approximately $6,150 ($4,500 mortgage + $285 insurance + $1,000 property taxes + $365 estimated maintenance). The heat risk score of 5/10 is concerning, with 7 days per year expected to reach 104°F, which could lead to increased cooling costs and potential comfort issues. The moderate air quality risk (4/10) with 5 bad air days per year could be a health concern for sensitive individuals.

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

This property is ideal for buyers with a household income above $250,000 (based on a 28% front-end DTI ratio). It's perfect for young professionals or small families who prioritize walkability and urban amenities. The property suits those who value outdoor living spaces and entertain frequently. Investors looking for long-term appreciation in a rapidly growing area might also find this property attractive, given its prime location near the Beltline and recent price trends.

Not For

Not suitable for budget-conscious buyers or those with household incomes below $250,000 due to high monthly costs. The property may not be ideal for families heavily prioritizing top-rated public schools across all levels. Not recommended for investors seeking immediate high rental yields, as the current potential cap rate of 3.1% is relatively low. The property's size and layout may not suit larger families needing more than 4 bedrooms or those requiring single-level living.
Demographics
Area Median Income

$82,645

Price Prediction Challenge

Think you know what 986 Wylie St SE will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 104°F

airMODERATE

5 bad air quality days per year

windMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The rapid 72.7% price appreciation since 2020 poses a risk of market correction or slowed future growth. The moderate wind risk (4/10) and recommended wind insurance could lead to increased insurance costs over time. While currently minimal, the fire risk (1/10) should be monitored due to increasing temperatures and climate change impacts. The high monthly costs ($6,150) make the property vulnerable to economic downturns or changes in the owner's financial situation. The mixed school ratings could impact long-term value appreciation, especially if school performance declines further.
Insurance
Annual Cost

$3,420

$285 per month

Financials

Monthly Costs

Price History

Property Taxes

$7,684
2023 Tax Assessment
33.6%from previous year
Assessed Value$304,400
Tax Rate2.52%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$826,683

-13.0% below list price

Median Price

$771,800

Based on 6 recent sales

Price per Sq.Ft

$346

Comparable Properties

198 Hutchinson Street NE #A, Atlanta, GA 30307
Price: $749,000
Sq.Ft: 2,286
Beds/Baths: 4/3
$/Sq.Ft:
$32820.0%
Sale Date: 11/21/2024
827 Lake Avenue NE, Atlanta, GA 30307
Price: $1,175,000
Sq.Ft: 2,372
Beds/Baths: 4/3
$/Sq.Ft:
$49521.0%
Sale Date: 11/21/2024
435 Patterson Avenue SE, Atlanta, GA 30316
Price: $817,500
Sq.Ft: 2,382
Beds/Baths: 3/3
$/Sq.Ft:
$34316.2%
Sale Date: 10/17/2024
281 Lamon Avenue SE, Atlanta, GA 30316
Price: $675,000
Sq.Ft: 2,283
Beds/Baths: 4/3
$/Sq.Ft:
$29627.8%
Sale Date: 10/3/2024
115 Leslie Street SE, Atlanta, GA 30317
Price: $771,800
Sq.Ft: 2,502
Beds/Baths: 4/3
$/Sq.Ft:
$30824.6%
Sale Date: 10/18/2024
115 Leslie Street SE, Atlanta, GA 30317
Price: $771,800
Sq.Ft: 2,502
Beds/Baths: 4/3
$/Sq.Ft:
$30824.6%
Sale Date: 10/18/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$28,500

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results