Score
0Newtown, PA
1335 Chase Rd
800K
4 beds
3 baths
2,580 sqft
4 bd • 3 ba • 2,580 sf
This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$800,000
Price/Sq.Ft
$310
Year Built
1988
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 1335 Chase Rd, Newtown, PA offers numerous advantages. At $310.08/sqft, it's priced competitively compared to the median home value in Newtown of $502,500. The 2,580 sqft layout is spacious, exceeding the average home size in the area by approximately 20%. Recent upgrades add significant value: a completely remodeled kitchen (2019), updated bathrooms (2019), new roof and HVAC (2022), and a new garage system (2024). These improvements, totaling an estimated $75,000-$100,000 in value, reduce near-term maintenance costs. The Pennsbury School District is highly rated, with the high school scoring 8/10, potentially boosting property value by 5-10%. The minimal flood (1/10) and fire (1/10) risks are significantly better than regional averages, potentially leading to lower insurance premiums. The finished basement with a dedicated office space adds functionality, especially valuable in the current work-from-home trend. The extended back patio with a roof enhances outdoor living space, a feature that typically adds 5-10% to a home's value.
The Bad
While the property has many positives, there are some potential drawbacks. The home's age (built in 1988) means it's approaching 40 years old, which could lead to increased maintenance costs for original systems not yet replaced. The major (6/10) heat risk, with 7 hot days per year and a 98th percentile temperature of 102°F, may necessitate increased cooling costs and potential future investments in better insulation or cooling systems. The major (5/10) air quality risk, with 7 bad air days per year, could be a concern for residents with respiratory issues. The price of $800,000, while competitive on a per-square-foot basis, is still significantly above the median home value in Newtown, which could limit the potential buyer pool. The property's appreciation since its last recorded sale in 1992 ($217,000) represents an annual growth rate of about 4.7%, which is good but not exceptional compared to some high-growth markets.
The Ugly
The most concerning aspect of this property is the major (6/10) wind risk, which is classified as critical for insurance purposes. This could lead to significantly higher insurance premiums, potentially 20-30% above average rates for the area. The estimated insurance cost of $2,880/year is already high, and this wind risk could push it even higher. Additionally, the combination of wind, heat, and air quality risks suggests potential future expenses related to climate resilience upgrades, which could cost tens of thousands of dollars. The property's location near I-95, while convenient, may contribute to noise pollution and affect air quality, potentially impacting long-term livability and resale value. The lack of recent sale history (last recorded sale in 1992) makes it difficult to accurately assess short-term market trends for this specific property, adding an element of uncertainty to its current valuation.
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 best suited for upper-middle-income families or professionals with a household income of $200,000+ annually, based on the purchase price and estimated costs. It's ideal for those prioritizing space, modern amenities, and a family-friendly neighborhood within a highly-rated school district. The home would appeal to buyers who value recent upgrades and are willing to pay a premium for move-in ready condition. Work-from-home professionals will appreciate the dedicated office space in the finished basement. The property is also suitable for those looking for long-term value in a stable community, as Newtown has historically shown steady appreciation. Buyers who enjoy outdoor living will value the extended back patio and landscaped yard.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given its $800,000 price tag. It's not ideal for investors looking for high rental yields, as the potential rental income (estimated $3,100/month for a 4-bedroom) would result in a low cap rate of approximately 4.65% before expenses. The property may not appeal to those seeking ultra-modern or new construction homes, as it was built in 1988. Buyers with respiratory sensitivities might be concerned about the air quality risk. Those prioritizing walkability or an urban lifestyle may find the suburban location less appealing. The property is also not suitable for buyers looking for a low-maintenance or downsized living situation, given its size and potential upkeep requirements.
Demographics
Area Median Income
$145,141
Property History
Price History
Ownership Timeline
Property Taxes
$10,221
2024 Tax Assessment
9.7%from previous year
Assessed Value$41,440
Tax Rate24.67%
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
6.0/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,610
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$800,000
Price/sqft
$310
Layout
4 bd•3 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$819,967
2.4%
Your price is 2.4% below average
Median Price
$835,000
4.2%
Based on 3 recent sales
Price per Sq.Ft
$308
0.7%
Your price is 0.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 159 WILLOW DR, NEWTOWN, PA 18940 | $835,000 | 2,411 | 3 | 3 | $34611.7% | 10/3/2024 |
| 197 WILLOW DR, NEWTOWN, PA 18940 | $839,900 | 2,700 | 3 | 3 | $3110.3% | 9/24/2024 |
| 2081 WYNGATE DR, NEWTOWN, PA 18940 | $785,000 | 2,929 | 4 | 3 | $26813.6% | 9/7/2024 |
159 WILLOW DR, NEWTOWN, PA 18940
Price: $835,000
Sq.Ft: 2,411
Beds/Baths: 3/3
$/Sq.Ft:
$34611.7%
Sale Date: 10/3/2024
197 WILLOW DR, NEWTOWN, PA 18940
Price: $839,900
Sq.Ft: 2,700
Beds/Baths: 3/3
$/Sq.Ft:
$3110.3%
Sale Date: 9/24/2024
2081 WYNGATE DR, NEWTOWN, PA 18940
Price: $785,000
Sq.Ft: 2,929
Beds/Baths: 4/3
$/Sq.Ft:
$26813.6%
Sale Date: 9/7/2024
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