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2106 Barrister St
North Port, FL

2106 Barrister St

$389,900
4 bd • 3 ba • 2,092 sf

This analysis was generated by artificial intelligence on 2/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$389,900

Price/Sq.Ft

$186

Year Built

2025

AI Property Analysis

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

The Good

• New Construction: Built in 2025, the property offers modern construction standards, updated building codes, and new systems, potentially reducing maintenance costs in the initial years. • Open Floor Plan: The open floor plan is ideal for modern living and entertaining, creating a spacious and airy feel. • High Ceilings: The 9'4" ceilings enhance the sense of space and light throughout the home. • Modern Kitchen: The kitchen features Quartz countertops, Samsung stainless steel appliances, and 42" upper cabinets, offering a stylish and functional space. • Proximity to Elementary School: Atwater Elementary School (rated 7/10) is located just 0.5 miles away, making it convenient for families with young children. • Rental Income Potential: Based on market data, a 4-bedroom property can rent for $2,710 per month. This could be an investment opportunity.

The Bad

• Reliance on Builder's Lender: The 1% lender incentive ties buyers to a specific lender, potentially limiting their ability to shop for the best interest rates and terms. Buyers should compare the preferred lender's offer with other lenders to ensure it's competitive. • Limited Landscaping: As a new construction, the property likely has minimal or no landscaping. This adds an additional expense for buyers who desire a well-manicured yard. Landscaping costs in North Port can range from $5,000 to $15,000 depending on the scope of work. • Uncertainty of Final Finishes: The listing states that finishes and colors may vary from the model home, creating uncertainty for the buyer. Requesting a detailed spec sheet is essential to clarify what the final product will include. Confirming appliance brands/models is also recommended. • High School Rating: North Port High School has a rating of 4/10, which may be a concern for families with older children. This could affect resale value for families that value schools. The city average is 6/10.

The Ugly

• Potential for Construction Issues: New construction homes can sometimes have unforeseen issues that arise after move-in, requiring additional repairs or adjustments. A thorough inspection by a qualified home inspector before closing is crucial. • HOA Fees (Potential): The listing does not mention HOA fees, but it is essential to confirm whether an HOA exists or is planned for the future. HOA fees can add a significant monthly expense, ranging from $100 to $500+ in North Port, depending on the amenities and services offered. • Hurricane Risk: North Port is located in a hurricane-prone area, increasing the risk of property damage and higher insurance costs. Investing in hurricane protection measures, such as impact windows or shutters, is highly recommended but can add significant upfront costs. • Sinkhole Risk: While not as prevalent as in some areas of Florida, sinkholes can occur in North Port. Consider a geological survey to assess the risk of sinkhole activity on the property. Sinkhole insurance can be expensive.

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

• Growing Families: With 4 bedrooms, 3 bathrooms, and proximity to Atwater Elementary (rated 7/10), this new construction is suitable for those prioritizing space and school quality. • Buyers Seeking Modern Amenities: The open floor plan, stone counters, stainless steel appliances, and walk-in closets offer a contemporary living experience. • Individuals Desiring Outdoor Living: The triple-panel sliding glass door and covered lanai cater to those who value indoor-outdoor living spaces. • Buyers Taking Advantage of Builder/Lender Incentives: The property's eligibility for a 1% lender incentive and builder incentives can reduce upfront costs.

Not For

• Buyers Seeking Established Landscaping: As a new construction, landscaping is likely minimal or non-existent. Buyers looking for mature trees and established gardens may find this property lacking. • Those Unwilling to Use Preferred Lender: The 1% lender incentive is contingent on using the builder's preferred lender. Buyers who prefer to shop around for their own financing may miss out on this incentive. • Buyers Requiring Immediate Occupancy: The property is under construction, meaning there will be a waiting period before move-in. Those needing immediate housing should consider existing homes.
Demographics
Area Median Income

$68,881

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Risk Assessment

Risk Analysis

• Construction Delays: As an under-construction property, there is a risk of delays due to unforeseen circumstances such as weather, material shortages, or labor issues. A clearly defined timeline with penalty clauses for delays should be in the purchase agreement. • Variance in Finishes: The listing states finishes and colors may vary from the model home. This introduces uncertainty about the final appearance and quality of the property. Request a detailed specification sheet outlining all finishes and fixtures. • New Construction Warranty Limitations: While a new home warranty is a significant benefit, it's essential to understand its limitations and exclusions. Carefully review the warranty document to identify covered items and procedures for filing claims. • Hurricane Risk and Insurance Costs: North Port's location in a hurricane-prone area means higher insurance costs and potential damage from storms. Obtain a detailed flood zone determination and factor potential hurricane-related expenses into your budget.
Insurance
Annual Cost

$1,404

$117 per month

Financials

Monthly Costs

Price History

Property Taxes

$0
2024 Tax Assessment
100.0%from previous year
Assessed Value$6,746
Tax Rate0.00%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$413,998

6.2% above list price

Median Price

$402,995

Based on 6 recent sales

Price per Sq.Ft

$214

Comparable Properties

4575 SCOTTISH TERRACE, NORTH PORT, FL 34288
Price: $545,000
Sq.Ft: 2,002
Beds/Baths: 3/3
$/Sq.Ft:
$27246.1%
Sale Date: 12/12/2024
2064 Aetna ST, NORTH PORT, FL 34288
Price: $402,995
Sq.Ft: 1,919
Beds/Baths: 4/3
$/Sq.Ft:
$21012.7%
Sale Date: 8/28/2024
2064 Aetna ST, NORTH PORT, FL 34288
Price: $402,995
Sq.Ft: 1,919
Beds/Baths: 4/3
$/Sq.Ft:
$21012.7%
Sale Date: 8/28/2024
2064 Aetna Street, North Port, FL 34288
Price: $402,995
Sq.Ft: 1,919
Beds/Baths: 4/3
$/Sq.Ft:
$21012.7%
Sale Date: 8/28/2024
5306 Dunsmuir RD, NORTH PORT, FL 34288
Price: $365,000
Sq.Ft: 1,919
Beds/Baths: 4/3
$/Sq.Ft:
$1902.1%
Sale Date: 8/28/2024
5306 Dunsmuir RD, NORTH PORT, FL 34288
Price: $365,000
Sq.Ft: 1,919
Beds/Baths: 4/3
$/Sq.Ft:
$1902.1%
Sale Date: 8/28/2024

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