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1031 2nd St
Hudson, WI

1031 2nd St

1.1M
7 bd • 4 ba • 6,051 sf

This analysis was generated by artificial intelligence on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$1,100,000

Price/Sq.Ft

$182

Year Built

1900

AI Property Analysis

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

The Good

• The property has 7 bedrooms and 4 bathrooms, making it suitable for large families or for use as a short-term rental with high occupancy potential. The rental rates are $2320 for a four bed, and higher for larger properties. • The property includes two kitchens, offering flexibility for multi-generational living or for operating a short-term rental with separate living spaces. The median income is $104865, which is a good sign for the area. • The property features desirable amenities such as a hot tub, swimming pool, and covered front porch, enhancing its appeal for both personal enjoyment and rental income generation. • The property is located one block from historic Hudson and the St. Croix River, providing convenient access to local attractions, shops, and restaurants. Willow River Elementary School has a rating of 8/10, which is a positive.

The Bad

• The property is described as a "pink palace" and "Barbie mansion," which indicates a very specific and potentially polarizing aesthetic. This could significantly narrow the pool of potential buyers if you decide to sell. • The listing relies heavily on the short-term rental income potential but provides no concrete data to support the claim that it's a "top earning" property. Prospective buyers need to independently verify this information. • The listing mentions the property could be 'duplexed,' but it's unclear if this conversion is already in place or would require additional work and permits. Buyers need to investigate local zoning regulations and potential costs. • At 201 days on the market, the property has been listed for an extended period. This could indicate pricing issues, needed repairs, or other factors that are deterring buyers. The median days on market should be checked to see how it compares.

The Ugly

• The property was built in 1900, which means it likely requires significant ongoing maintenance and potential upgrades to its systems (plumbing, electrical, HVAC). This could lead to unexpected expenses. • The property relies on window unit(s) for cooling in addition to central air, which may be inefficient and costly to operate, especially during hot summer months. Modernizing the cooling system could be a significant expense. • The property's unique 'pink palace' aesthetic may require a specific buyer willing to embrace or maintain this design. Neutralizing the color scheme could be a costly undertaking. • Estimated insurance is $3960/year, which may be higher than average due to the age of the property, its location, or other factors. Buyers need to confirm insurance costs and understand potential 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

• Investors seeking a high-occupancy short-term rental property near the St. Croix River and downtown Hudson. The property's current use as a profitable short-term rental, combined with its proximity to local attractions, makes it ideal for generating rental income. The multiple kitchens and flexible layout support various rental configurations. • Buyers interested in a multi-family property with potential for owner-occupancy. The description suggests the property could be duplexed, offering rental income from one unit while living in the other. The 'Ken’s dreamy apartment' already in place provides immediate rental potential. • Individuals who appreciate historic homes with unique architectural features and are willing to maintain them. The property's original woodwork, pink staircases, and overall 'Barbie mansion' aesthetic will appeal to those with a taste for vintage charm and distinctive design. • Buyers who value proximity to downtown amenities and recreational opportunities. Being one block from historic Hudson and the St. Croix River provides easy access to shops, restaurants, and outdoor activities.

Not For

• Buyers seeking a modern, low-maintenance home. Built in 1900, this property likely requires ongoing maintenance and updates to its systems and finishes. The description emphasizes its vintage charm, which may not appeal to those seeking contemporary features. • Individuals with limited budgets for renovations or repairs. The property's age and unique features may require specialized maintenance or restoration work, potentially leading to higher costs than a newer home. • Families requiring highly-rated middle schools. The 4/10 rating for Hudson Middle School may be a significant concern for families with children in that age group. • Buyers who prefer a neutral or understated aesthetic. The property's 'pink palace' and 'Barbie mansion' description suggests a very specific and bold design that may not appeal to all tastes.
Demographics
Area Median Income

$104,865

Property History

Price History
Ownership Timeline
$0Financed
Sep 20, 2023
Jay Clairain, Nicole ClairainBrooke Fleetwood
Warranty Deed
Non-Arm's Length Transactions
$614,000Cash Purchase
Nov 16, 2020
Jay Clairain, Nicole ClairainBrooke Fleetwood
Land Contract
Non-Residential Arm's Length Transactions
$400,000Financed
May 20, 2015
April L SimmonsJay Clairain
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Aug 22, 2013
Robert John Simmons, April SimmonsApril Simmons
Affidavit Of Death
Non-Arm's Length Transactions

Property Taxes

$10,584
2023 Tax Assessment
10.8%from previous year
Assessed Value$557,000
Tax Rate1.90%

Market Insights

Real-time analysis of the local housing market

January 2025
Neutral Market

The market in 54016 is currently balanced between buyers and sellers. While prices are stable, it's still important to make competitive offers on homes you're interested in.

$484,133
$209/sqft
10.0%
Change from last month
Your price: $1.1M (+127%)
Your price/sqft: $182/sqft (-13%)
226
34 sold last month
0.9%
Change from last month
54 days
Average for homes in this area
5.9%
Change from last month
This property: 200 days (+270%)

Sale Price Distribution

Last month
7
Over Asking
homes
8
At Asking
homes
19
Under Asking
homes
Total: 34 homes sold

If you're buying a home in 54016, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Sale Time Distribution

Last month
6
Under 30 Days
homes
10
30-90 Days
homes
4
Over 90 Days
homes
Your property
Total: 20 homes sold

Avg time on Rocket Homes in 54016 has remained consistent over time.

Risk Assessment

Climate Risks

airMINIMAL

2 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 100°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• **High Price Point:** At $1,100,000, this property sits at the upper end of the Hudson market. Ensure a thorough comparative market analysis (CMA) is performed to validate the price. • **Age of Property:** Built in 1900, the property may have hidden issues such as outdated plumbing, electrical systems, or structural concerns. A comprehensive inspection is crucial. • **Short-Term Rental Income:** While the property is described as a 'top earning short term rental', verify this claim with concrete financial data. Rental income can fluctuate based on seasonality and market conditions. • **Unique Aesthetics:** The 'pink palace' and 'Barbie mansion' theme may limit the pool of potential buyers if you decide to sell in the future. • **School Ratings:** The 4/10 rating for Hudson Middle School could deter families with middle school-aged children.
Insurance
Annual Cost

$3,960

$330 per month

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Schools

Willow River Elementary School

PublicGrades K-5
8/5
Elementary
0.2 mi
Get more information on GreatSchools

Hudson Middle School

PublicGrades 6-8
4/5
Middle
1.9 mi
Get more information on GreatSchools

Hudson High School

PublicGrades 9-12
7/5
High
1 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (7 bed)

$2,320

Get a detailed estimate on Zillow®
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,100,000
Price/sqft
$182
Layout
7 bd4 ba
Days on market
200 daysat time of analysis

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$0

No average price data available

Median Price

$0

Based on 1 recent sales

Price per Sq.Ft

$0

No price per sq.ft data available

Comparable Properties

Lot 8 Tower, Hudson, WI 54016
Price: $0
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 1/30/2025

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