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1741 Morse Ave
Score
0
Sacramento, CA

1741 Morse Ave

499K
3 bd • 2 ba • 1,767 sf

This analysis was generated on 3/2/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$499,000

Price/Sq.Ft

$282

Year Built

1948

AI Property Analysis

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

The Good

• Price Position: At $282.40 per sqft, the property's price is difficult to assess without comparable sales data in the immediate area. • Appreciation Trend: Property sold for $208,000 in 2002 and $320,000 in 2003, indicating a 53.8% increase in one year. It is now listed for $499,000, a 55.9% increase since 2003. • Rental Income: $2,496/month with 90% occupancy (0.1% cap rate) • Safety: The violent crime rate is lower than both state and national averages (-16.8% and -23.6%, respectively). However, property crime is lower than the state average (-5.3%) but higher than the national average (13.6%). Robbery, burglary, and motor vehicle theft rates show mixed comparisons, with burglary being significantly higher than both state and national averages (24.3% and 69.8%, respectively). • Future Development: The property description mentions proximity to shopping, schools, and Kaiser. Further research into specific planned commercial or residential developments in the immediate vicinity is recommended to assess potential impacts on property values and traffic. • The layout appears functional, with an open flow between the living room, dining area, and kitchen. However, the kitchen's layout and finishes are outdated.

The Bad

• Kitchen Remodel (HIGH priority): $15,000 • Bathroom Renovation (HIGH priority): $8,000 • Front Porch Repair (MEDIUM priority): $3,000 • Driveway Repair/Replacement (MEDIUM priority): $5,000 • Carpet Replacement (MEDIUM priority): $10,000 • Major flood risk (5/10) requires critical insurance coverage, adding to ownership costs. • Extreme air quality risk (10/10) with 33 bad air days per year may deter some buyers. • Severe heat risk (7/10) with 7 hot days per year and a 98th percentile temperature of 102°F may require additional cooling expenses. • Below-average school ratings (3/10) may negatively impact property value for families with children. • Relatively high crime rates compared to national averages, particularly for robbery, burglary, and motor vehicle theft, may deter some buyers. • School Quality Issue: The low school ratings (3/10) for the assigned schools (Cottage Elementary and Encina Preparatory High School) may negatively impact property values. Homes in areas with higher-rated schools typically command a premium. The estimated impact could be a 5-10% reduction in value compared to similar properties in better school districts.

The Ugly

No critical issues identified
Front Porch

Front Porch

The front porch shows signs of cracking and wear, indicating potential structural issues.

Driveway

Driveway

The driveway has multiple cracks and uneven surfaces, suggesting potential foundation or settling issues.

Bathroom Condition

Bathroom Condition

The bathroom features outdated fixtures, finishes, and a worn shower/tub surround, indicating the need for renovation.

Kitchen Condition

Kitchen Condition

The kitchen has outdated appliances, countertops, and cabinets, suggesting the need for a complete remodel.

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 $29,952 with 90% occupancy rate Value Investors: Projected 20.2% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $41,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$50,560

Property History

Price History
Ownership Timeline
$0Cash Purchase
Aug 8, 2024
Beth E ThompsonBeth E Thompson, The Beth E Thompson Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$320,000Financed
Oct 1, 2003
Michael L Price, Laurel J PriceRonald H Thompson Jr, Beth E Thompson
Grant Deed
Standard Sale (Purchase/Resales)
$208,000Financed
Jul 24, 2002
Andrew W Farrar, Dianne D FarrarMichael L Price, Laurel J Price
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 24, 2000
Farrar Andrew W & Dianne DAndrew W Farrar, Dianne D Farrar
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$5,373
2024 Tax Assessment
2.6%from previous year
Assessed Value$446,031
Tax Rate1.20%

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

airSEVERE

33 bad air quality days per year

heatMAJOR

7 extreme heat days per year

98th percentile: 102°F

floodMODERATE

FEMA Zone: Minimal Risk Area

Insurance: Required

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Safety Analysis

50/100
Average

Based on data from Rancho Cordova Police Department

Total Crime Rate
2653.0
per 100,000 residents
Violent Crime Rate
828.0
per 100,000 residents
Property Crime Rate
1818.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
773
Property Crimes
1,813
2023
Violent Crimes
883
14.2%
Property Crimes
1,837
1.3%

Risk Analysis

• Major flood risk (5/10) requires critical insurance coverage, adding to ownership costs. • Extreme air quality risk (10/10) with 33 bad air days per year may deter some buyers. • Severe heat risk (7/10) with 7 hot days per year and a 98th percentile temperature of 102°F may require additional cooling expenses. • Below-average school ratings (3/10) may negatively impact property value for families with children. • Relatively high crime rates compared to national averages, particularly for robbery, burglary, and motor vehicle theft, may deter some buyers. • Climate & Insurance: Mitigation measures for heat risk could include installing energy-efficient windows and HVAC systems (estimated $5,000 - $10,000). Improving air filtration systems may cost $500 - $2,000. Addressing flood risk may require elevating the structure or improving drainage, with costs ranging from $10,000 to $50,000 depending on the specific measures. • Front Porch: The front porch shows signs of cracking and wear, indicating potential structural issues. • Driveway: The driveway has multiple cracks and uneven surfaces, suggesting potential foundation or settling issues. • Bathroom Condition: The bathroom features outdated fixtures, finishes, and a worn shower/tub surround, indicating the need for renovation. • Kitchen Condition: The kitchen has outdated appliances, countertops, and cabinets, suggesting the need for a complete remodel.
Insurance
Annual Cost

$1,796

$150 per month

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Schools

Cottage Elementary School

PublicGrades K-5
3/5
Elementary
0.5 mi
Get more information on GreatSchools

General Davie, Jr. Primary Center

PublicGrades
/5
Elementary
0.4 mi
Get more information on GreatSchools

Encina Preparatory High School

PublicGrades 9-12
3/5
High
0.9 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$2,496

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$499,000
Price/sqft
$282
Layout
3 bd2 ba
Days on market
3 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$549,667

9.2%

Your price is 9.2% below average

Median Price

$575,000

13.2%

Based on 6 recent sales

Price per Sq.Ft

$323

12.6%

Your price is 12.6% below average $/sqft

Comparable Properties

2631 Hilldale Road, Sacramento, CA 95864
Price: $640,000
Sq.Ft: 1,666
Beds/Baths: 3/2
$/Sq.Ft:
$38436.0%
Sale Date: 12/14/2024
1808 richmond, Sacramento, CA 95825
Price: $420,000
Sq.Ft: 1,680
Beds/Baths: 4/2
$/Sq.Ft:
$25011.5%
Sale Date: 11/3/2024
2117 Byron Road, Sacramento, CA 95825
Price: $475,000
Sq.Ft: 1,651
Beds/Baths: 3/2
$/Sq.Ft:
$2881.9%
Sale Date: 10/4/2024
1915 Maryal Drive, Sacramento, CA 95864
Price: $699,000
Sq.Ft: 1,646
Beds/Baths: 3/2
$/Sq.Ft:
$42550.4%
Sale Date: 9/19/2024
3709 Dubac Way, Sacramento, CA 95864
Price: $575,000
Sq.Ft: 1,685
Beds/Baths: 3/2
$/Sq.Ft:
$34120.8%
Sale Date: 9/6/2024
2229 Weldon, Sacramento, CA 95825
Price: $489,000
Sq.Ft: 1,943
Beds/Baths: 4/2
$/Sq.Ft:
$25210.9%
Sale Date: 9/24/2024

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