Score
0New Hill, NC
283 Old Christian Chapel Rd
450K
7 beds
1 baths
3,102 sqft
7 bd • 1 ba • 3,102 sf
This analysis was generated on 2/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$450,000
Price/Sq.Ft
$145
Year Built
1880
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Historical significance and potential for restoration.
• Large 3.3-acre lot with mature trees.
• Potential for adaptive reuse as a boarding house, event venue, or unique residence.
• Original architectural details that could be preserved and highlighted.
• Potential for historical landmark designation could increase property value
• Large lot size allows for potential expansion or development
• Increasing demand for unique properties with historical significance
• School Quality: Schools with a rating of 6/10 may have a neutral to slightly positive impact on property values. Stronger school ratings typically correlate with higher property values.
• Our valuation suggests this property could be worth up to $25,000 more than the asking price
• Rental Potential: $24,372 estimated annual revenue
The Bad
• Roof replacement (Estimated Cost: $50,000)
• Electrical system upgrade (Estimated Cost: $30,000)
• Plumbing system upgrade (Estimated Cost: $25,000)
• Kitchen and bathroom renovation (Estimated Cost: $40,000)
• Exterior painting and repairs (Estimated Cost: $20,000)
• Porch repairs and restoration (Estimated Cost: $15,000)
• Flooring replacement (Estimated Cost: $10,000)
• Septic system inspection and potential repairs (Estimated Cost: $5,000)
• Outbuilding repairs or demolition (Estimated Cost: $10,000)
• Significant renovation costs associated with historical properties
• Limited comparable sales data due to unique property characteristics
• Potential restrictions on modifications due to historical preservation guidelines
• Safety Concern: Score 5/10 - Crime data is not available in the provided context. A comprehensive crime analysis using local law enforcement data is needed to assess safety.
The Ugly
• Significant structural issues due to age and neglect.
• Potential for lead paint and asbestos.
• Outdated electrical and plumbing systems.
• Roof leaks and water damage.
• Presence of mold or mildew.
• Single bathroom for 7 bedrooms is inadequate.
• Deferred maintenance and extensive renovation required.
• Septic system may need replacement or upgrade.
• Foundation issues are possible given the age of the property.
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 $24,372 with 95% occupancy rate
Value Investors: Projected 44.4% appreciation potential in moderate scenario
Renovation-Minded Buyers: Estimated $205,000 in strategic upgrades could significantly increase property value
Not For
Buyers seeking move-in ready properties: Multiple high-priority repairs/renovations needed
Demographics
Area Median Income
$147,590
Property History
Price History
Ownership Timeline
$349,000Cash Purchase
Nov 18, 2020Ronald I Jones, H Spencer Lyerly IiJames F Dean, Cynthia L Dean
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$1,332
2023 Tax Assessment
2.5%from previous year
Assessed Value$161,937
Tax Rate0.82%
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
High
6.0/10
GoodFinancials
Monthly Costs
Market Rent (7 bed)
Get a detailed estimate on Zillow$1,128
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