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1822 Lafayette Dr
Hampton, VA

1822 Lafayette Dr

440K
3 bd • 3 ba • 2,576 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

$440,000

Price/Sq.Ft

$171

Year Built

1984

AI Property Analysis

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

The Good

• The property is priced at $170.81 per square foot, which is competitive for single-family homes in Hampton, VA. The median sold price in Hampton is around $200 per square foot, making this property an attractive option. • The home features desirable amenities such as cathedral ceilings, stainless steel appliances, and a bonus theater room. These features enhance the property's appeal and functionality. • The property is located on a quiet cul-de-sac in the established Colonial Acres neighborhood. This provides a safe and peaceful environment for residents. • The home has a heat pump and central air, providing efficient and cost-effective climate control. This is particularly important given the extreme heat risk in the area. • The annual estimated insurance cost is $1584, which is relatively low compared to the national average. This can help keep overall homeownership costs down.

The Bad

• The property is located in an area with a MAJOR flood risk (5/10). This could lead to higher insurance premiums and potential damage from flooding. FEMA Zone X_UNSHADED indicates a moderate flood hazard, but it's still a risk. • The property has a SEVERE wind risk (8/10). High winds can cause damage to the roof, windows, and siding, potentially leading to costly repairs. • The property has an EXTREME heat risk (9/10). With 7 hot days per year and a 98th percentile temperature of 105°F, the home's cooling system will be heavily used, potentially increasing energy costs. • The schools serving the property have average ratings (5/10 and 6/10). This may be a drawback for buyers with children who prioritize highly-rated schools. • The property was built in 1984, which means some of the systems and appliances may be nearing the end of their lifespan. Potential buyers should factor in the cost of potential repairs or replacements.

The Ugly

• The MAJOR flood risk (5/10) could result in significant property damage and high insurance premiums. Even though it's in Zone X_UNSHADED, flooding can still occur, and flood insurance is highly recommended. • The SEVERE wind risk (8/10) could lead to substantial repair costs due to wind damage. High winds can damage the roof, windows, and siding, potentially costing thousands of dollars to repair. • The EXTREME heat risk (9/10) could result in high energy bills and potential strain on the HVAC system. With 7 hot days per year and a 98th percentile temperature of 105°F, the cooling system will be heavily used. • The age of the property (built in 1984) means that some of the systems and appliances may be nearing the end of their lifespan. This could lead to unexpected repair costs and the need for replacements. • The average school ratings (5/10 and 6/10) may deter some buyers, particularly those with children who prioritize high-quality education. This could impact the property's resale value.

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 home in a well-established neighborhood with a convenient location: The Colonial Acres neighborhood offers a stable community environment with easy access to local amenities. • Individuals looking for a home with flexible living spaces: The bonus theater room provides an opportunity to create a customized entertainment area or adapt the space to suit various needs, such as a home office or playroom. • Buyers who prioritize updated kitchens with modern appliances: The stainless steel appliances, including a side-by-side refrigerator and freezer, offer a contemporary and functional cooking space. • Individuals who value energy efficiency and modern climate control systems: The heat pump and central air conditioning ensure year-round comfort and potentially lower energy bills. • Buyers comfortable with the estimated insurance costs: The annual insurance estimate of $1584 should be factored into the overall affordability assessment.

Not For

• Buyers who require a move-in-ready property without any potential for immediate repairs or updates: The home's age (built in 1984) suggests that some systems or finishes may need updating or repairs in the near future. • Individuals seeking a very low-risk property in terms of climate-related hazards: The severe wind risk and major flood risk may be concerning for those seeking a property with minimal environmental risks. • Buyers who prioritize top-rated schools: The school ratings (5/10 and 6/10) may not meet the expectations of those seeking highly-rated educational institutions. • Individuals who prefer a smaller home: At 2,576 sqft, this property might be too large for individuals or couples looking for a smaller, more manageable living space. • Buyers on a very strict budget: While the price per square foot is reasonable, the overall purchase price and potential maintenance costs may exceed the budget of some buyers.
Demographics
Area Median Income

$65,304

Property History

Price History
Ownership Timeline
$395,000Financed
Oct 12, 2023
Kristopher Mollenhauer, Marsha MollenhauerKim Mccroskey
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$4,554
2024 Tax Assessment
7.7%from previous year
Assessed Value$386,800
Tax Rate1.18%

Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 105°F

windSEVERE

Insurance: Required

floodMODERATE

FEMA Zone: Minimal Risk Area

Insurance: Required

airMINIMAL

1 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

• **Flood Risk (5/10):** The property is in FEMA Zone X_UNSHADED. It is advisable to obtain flood insurance, which may cost between $800-$2,000 per year, depending on the coverage. • **Wind Risk (8/10):** High winds can cause damage to the roof, windows, and siding. Reinforcing these elements may cost $3,000-$7,000. • **Heat Risk (9/10):** Extreme heat can increase energy consumption and strain the HVAC system. Consider energy-efficient upgrades to mitigate these effects, costing approximately $2,000-$5,000. • **Air Quality Risk (2/10):** While the air quality risk is relatively low, it is still advisable to monitor air quality and take precautions on days with poor air quality. • **School Ratings:** The school ratings are average (5/10 and 6/10), which may impact property values and desirability for families with children. Properties in higher-rated school districts may see a 5-10% increase in value. • **Home Age:** Built in 1984, some systems and appliances may be nearing the end of their lifespan, potentially leading to unexpected repair costs. An inspection is recommended to identify potential issues.
Insurance
Annual Cost

$1,584

$132 per month

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Schools

Francis Asbury Elementary School

Public•Grades K-5
5/5
Elementary
0.9 mi
Get more information on GreatSchools

Benjamin Syms Middle School

Public•Grades 6-8
6/5
Middle
2.1 mi
Get more information on GreatSchools

Phoebus High School

Public•Grades 9-12
6/5
High
2 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$1,857

Get a detailed estimate on Zillow®
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$440,000
Price/sqft
$171
Layout
3 bd•3 ba
Days on market
55 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$423,417

3.9%

Your price is 3.9% above average

Median Price

$415,000

6.0%

Based on 6 recent sales

Price per Sq.Ft

$161

6.1%

Your price is 6.1% above average $/sqft

Comparable Properties

49 Mizzen Circle #11, Hampton, VA 23664
Price: $415,000
Sq.Ft: 2,597
Beds/Baths: 3/3
$/Sq.Ft:
$1606.4%
Sale Date: 11/14/2024
49 Mizzen Circle #11, Hampton, VA 23664
Price: $415,000
Sq.Ft: 2,597
Beds/Baths: 3/3
$/Sq.Ft:
$1606.4%
Sale Date: 11/14/2024
805 Essex Park Drive, Hampton, VA 23669
Price: $410,000
Sq.Ft: 2,326
Beds/Baths: 4/3
$/Sq.Ft:
$1763.2%
Sale Date: 11/18/2024
16 Rhoda Court, Hampton, VA 23664
Price: $450,000
Sq.Ft: 2,668
Beds/Baths: 4/3
$/Sq.Ft:
$1691.3%
Sale Date: 10/25/2024
465 Beaumont Street, Hampton, VA 23669
Price: $388,000
Sq.Ft: 2,572
Beds/Baths: 4/3
$/Sq.Ft:
$15111.7%
Sale Date: 10/3/2024
11 Fields Drive, Hampton, VA 23664
Price: $462,500
Sq.Ft: 3,024
Beds/Baths: 4/3
$/Sq.Ft:
$15310.5%
Sale Date: 11/1/2024

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