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9864 E Leavenworth Road
Score
0
Leavenworth, WA

9864 E Leavenworth Road

1.4M
3 bd • 3 ba • 2,791 sf

This analysis was generated on 2/21/2025. 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

$1,400,000

Price/Sq.Ft

$502

Year Built

1977

AI Property Analysis

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

The Good

• Waterfront Location: The property boasts low-bank waterfront access to the Wenatchee River, offering recreational opportunities and scenic views. Waterfront properties in Leavenworth command a premium due to their scarcity. • Additional Cabin: The inclusion of a separate cabin with a loft and kitchen provides additional living space or rental income potential. This feature enhances the property's versatility and value. • Proximity to Amenities: The property is within walking distance to downtown Leavenworth, providing convenient access to shops, restaurants, and local attractions. This location appeals to buyers who value walkability and urban amenities. • School Ratings: The property is located near Alpine Lakes Elementary (7/10), Icicle River Middle School (5/10), and Cascade High School (6/10).

The Bad

• Price per Square Foot: At $501.61 per square foot, the property is priced higher than the Leavenworth average of approximately $400 per square foot for similar homes. This premium may deter some buyers. • Age of the Property: Built in 1977, the home may require updates to meet modern standards and preferences. Potential buyers should factor in renovation costs for kitchens, bathrooms, and overall aesthetics. • Moderate Flood Risk: The property's location in FEMA Zone AE indicates a moderate flood risk (3/10). While not the highest risk, it necessitates flood insurance and awareness of potential water damage.

The Ugly

• Severe Fire Risk: The property has a severe fire risk (8/10), necessitating careful management of vegetation and defensible space. This risk can significantly increase insurance premiums and require ongoing maintenance. • Severe Air Quality Risk: The property has a severe air quality risk (8/10), with 13 bad air days per year. This factor may deter buyers with respiratory issues or environmental concerns. Consider installing air filtration systems. • High Total Monthly Ownership Costs: Assuming a 20% down payment and a 7% interest rate, the mortgage could run ~$7,000/month. Adding ~$420/month insurance and ~$300/month property taxes totals ~$7,720/month. This does not include maintenance, placing the cost-to-size ratio at the high end of the local market.

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

• Buyers Seeking a Multi-Generational Living Arrangement: The main house, combined with the cabin next door, offers distinct living spaces suitable for extended family or guests. The two hot tubs enhance the recreational appeal for multiple occupants. • Individuals Valuing Waterfront Access: The property's low-bank Wenatchee River access and picnic area cater to those who prioritize outdoor activities and waterfront enjoyment. • Buyers Comfortable with Estimated Monthly Costs of $7,000+: Individuals who have carefully evaluated their budgets and can manage these expenses without exceeding their personal debt-to-income preferences (around 33%)—including mortgage, taxes, insurance, and potential maintenance. • Investors exploring short term rental income from both properties, understanding local regulations and demand.

Not For

• Buyers on Strict Budgets: The price per square foot is above the local average, and monthly carrying costs are relatively high. Those seeking lower monthly obligations or smaller overall expenses might find this less suitable. • Individuals sensitive to air quality: The severe air quality risk (8/10) and 13 bad air days per year may deter those with respiratory issues or environmental concerns. • Risk-Averse Buyers: The combination of moderate flood risk and severe fire risk introduces additional maintenance and infrastructure considerations that may deter those unwilling to manage potential uncertainties.
Demographics
Area Median Income

$70,523

Property History

Price History
Ownership Timeline
$500,000Cash Purchase
Nov 25, 2011
Maynard EyestoneSims Kelly Limited Liability Company
Warranty Deed
Non-Residential Arm's Length Transactions
$226,000Financed
Apr 13, 2006
Daniel Eby, Maynard EyestoneMaynard Eyestone
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 27, 2006
Great Properties LlcDaniel Eby, Maynard Evestone
Quit Claim Deed
Non-Arm's Length Transactions

Property Taxes

$8,169
2023 Tax Assessment
7.0%from previous year
Assessed Value$1,098,135
Tax Rate0.74%

Sunlight Analysis

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

Sunlight Analysis

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Schools

Nearby school quality by education level

Middle

5.0/10
Average

High

6.0/10
Good

Financials

Monthly Costs
Market Rent (3 bed)

$920

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,400,000
Price/sqft
$502
Layout
3 bd3 ba
Days on market
13 daysat time of analysis

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$571,667

144.9%

Your price is 144.9% above average

Median Price

$365,000

283.6%

Based on 3 recent sales

Price per Sq.Ft

$284

76.6%

Your price is 76.6% above average $/sqft

Comparable Properties

625 Cedar Street, Leavenworth, WA 98826
Price: $1,050,000
Sq.Ft: 2,432
Beds/Baths: 3/4
$/Sq.Ft:
$43213.9%
Sale Date: 11/7/2024
213 Whitman Street, Leavenworth, WA 98826
Price: $365,000
Sq.Ft: 2,672
Beds/Baths: N/A/N/A
$/Sq.Ft:
$13772.8%
Sale Date: 9/5/2024
256 Benton Street, Leavenworth, WA 98826
Price: $300,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/27/2024

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