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11405 NW 38th Pl
Score
73
Vancouver, WA

11405 NW 38th Pl

900K
4 bd • 3 ba • 2,694 sf

This analysis was generated on 3/16/2025. 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

$899,900

Price/Sq.Ft

$334

Year Built

2022

AI Property Analysis

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

The Good

• Quartz Countertops: Durable and aesthetically pleasing countertops in the kitchen, adding to the home's value • Stainless Steel Appliances: Modern and efficient appliances that enhance the kitchen's functionality and appeal • Hardwood Flooring: Adds warmth and elegance to the living spaces, increasing the home's market value • Custom Kitchen Cabinetry: High-quality cabinetry with ample storage, enhancing the kitchen's functionality and aesthetic • Designer Lighting Fixtures: Stylish lighting fixtures that complement the home's design, adding to its overall appeal • Built-in Mudroom Storage: Organized storage solution that adds convenience and functionality to the entryway • Wood Ceiling in Master Bathroom: Adds a touch of luxury and sophistication to the master bathroom • Freestanding Tub: Adds a spa-like feel to the master bathroom, enhancing its appeal • Modern Farmhouse Exterior • Open-Concept Living Spaces • Gourmet Kitchen • Spa-Like Master Bathroom • Mudroom with Built-in Storage • Price Position: At $334.04/sqft, the property is priced significantly higher than the median price per square foot in the 98685 zip code ($286/sqft), indicating a premium price. • Appreciation Trend: The sold price of homes in 98685 has remained the same since last year, indicating a stable market with limited appreciation in the short term. • Negotiation Opportunity: The property has been on the market for 178 days, significantly longer than the average time on market in 98685, which suggests potential negotiation opportunities. • Potential Equity: Property could be worth up to $25,100 more than the asking price • Rental Income: $3,520/month with 95% occupancy (3.5% cap rate) • Future Development: The property is located near shopping, coffee shops, and restaurants, suggesting ongoing commercial activity and potential for further development in the surrounding area. The 'Fun Facts' mention the area's growth boom in the late 20th century, indicating a history of suburban development.
Quartz Countertops

Quartz Countertops

Durable and aesthetically pleasing countertops in the kitchen, adding to the home's value.

Stainless Steel Appliances

Stainless Steel Appliances

Modern and efficient appliances that enhance the kitchen's functionality and appeal.

Hardwood Flooring

Hardwood Flooring

Adds warmth and elegance to the living spaces, increasing the home's market value.

Designer Lighting Fixtures

Designer Lighting Fixtures

Stylish lighting fixtures that complement the home's design, adding to its overall appeal.

Built-in Mudroom Storage

Built-in Mudroom Storage

Organized storage solution that adds convenience and functionality to the entryway.

Freestanding Tub

Freestanding Tub

Adds a spa-like feel to the master bathroom, enhancing its appeal.

The Bad

• Moderate fire risk (3/10) necessitates careful insurance consideration. • Extreme air quality risk (9/10) with 14 bad air days per year may deter some buyers. • The property's high price point ($899,900) may limit the pool of potential buyers in a market where the median price is $592,366.

The Ugly

No critical issues identified

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 $42,240 with 95% occupancy rate Value Investors: Projected 9.5% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$112,375

Property History

Price History
Ownership Timeline
$960,000Financed
May 19, 2022
Karisen Building LlcJeffrey Drood, Jennifer Drood
Warranty Deed
Standard Sale (Purchase/Resales)
$370,000Cash Purchase
May 17, 2021
Fg Investments LlcKarlsen Building Llc
Warranty Deed
Non-Residential Arm's Length Transactions

Property Taxes

$0
2024 Tax Assessment
Assessed Value$743,831
Tax Rate0.00%

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

4.0/10
Average

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (4 bed)

$1,760

Get a detailed estimate on Zillow
HOA Fee

$88

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Location & Comparables

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