Score
0Pittsburgh, PA
286 Arden Rd
537K
3 beds
1 baths
2,113 sqft
3 bd • 1 ba • 2,113 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$536,900
Price/Sq.Ft
$254
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 286 Arden Rd, Pittsburgh, PA 15216 offers several attractive features. At 2,113 sqft, it's 41% larger than the average 3-bedroom home in Pittsburgh (1,500 sqft). The price per square foot of $254.09 is competitive for the area, especially given the size. The home's colonial style architecture with distinctive blue shutters and door adds curb appeal. It's situated on a corner lot with a spacious front yard, providing more outdoor space than typical urban properties. The driveway offers off-street parking, a valuable asset in Pittsburgh where parking can be challenging. The property appears well-maintained with manicured landscaping, suggesting pride of ownership.
The Bad
While spacious, the property has only one bathroom for three bedrooms, which is below the current market preference for at least 1.5 baths in homes this size. This could necessitate a costly bathroom addition ($15,000-$25,000) to meet modern expectations. The asking price of $536,900 is 30% higher than Pittsburgh's median home value of $412,000, which may limit the buyer pool. The lack of detailed information about the year built, utilities, and systems raises concerns about potential hidden issues and necessary updates, especially given Pittsburgh's older housing stock.
The Ugly
Given Pittsburgh's topography, the property's elevated position with steps leading to the entrance could pose accessibility issues, especially during winter. This may require additional maintenance costs for snow removal and potential liability risks. If the home was built before 1978 (likely given the style), there's a high risk of lead paint and possibly asbestos, requiring testing and potentially costly remediation ($10,000-$30,000). The visible chimney suggests a fireplace or old heating system, which may need inspection or replacement ($5,000-$15,000 for a new furnace). The property's corner location, while offering more space, also means more sidewalk to maintain and clear of snow, increasing winter maintenance costs and effort.
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:
1. Growing families needing extra space, willing to add a bathroom.
2. Buyers with household incomes of $160,000+ (based on a 28% front-end DTI ratio for a 30-year mortgage at current rates).
3. Those who appreciate historic charm and are prepared for the maintenance of an older home.
4. Professionals working in downtown Pittsburgh, as the 15216 zip code offers a reasonable commute.
5. Buyers who value off-street parking and outdoor space in an urban setting.
Not For
This property is not ideal for:
1. First-time homebuyers or those with limited budgets, given the above-median price point.
2. Individuals with mobility issues, due to the front steps and potential for interior stairs.
3. Buyers looking for a move-in ready, modern home with multiple bathrooms.
4. Investors seeking immediate high rental yields, as the purchase price may limit cash flow potential.
5. Those unprepared for the potential costs and challenges of maintaining an older home in Pittsburgh's climate.
Demographics
Area Median Income
$66,770
Property History
Price History
Ownership Timeline
$462,000Cash Purchase
Jun 28, 2021John M Fehr, Joyce S SallsMelinda D Bobish, Steven T Souza
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$990
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$536,900
Price/sqft
$254
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$347,667
54.4%
Your price is 54.4% above average
Median Price
$375,000
43.2%
Based on 6 recent sales
Price per Sq.Ft
$175
45.2%
Your price is 45.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 122 Abington Dr, Mt. Lebanon, PA 15216 | $240,000 | 2,100 | 4 | 2 | $11455.0% | 10/5/2024 |
| 39 Florence Pl, Mt. Lebanon, PA 15228 | $380,000 | 1,782 | 4 | 2 | $21316.1% | 11/14/2024 |
| 1242 Hillsdale Ave, Dormont, PA 15216 | $300,000 | 1,901 | 3 | 2 | $15837.9% | 10/9/2024 |
| 271 Atlanta Drive, Mt. Lebanon, PA 15228 | $435,000 | 2,156 | 4 | 2 | $20220.6% | 8/26/2024 |
| 447 Greenhurst Dr, Mt. Lebanon, PA 15243 | $375,000 | 2,221 | 3 | 2 | $16933.6% | 8/30/2024 |
| 433 Clokey Ave, Mt. Lebanon, PA 15228 | $356,000 | 1,813 | 3 | 2 | $19622.7% | 8/29/2024 |
122 Abington Dr, Mt. Lebanon, PA 15216
Price: $240,000
Sq.Ft: 2,100
Beds/Baths: 4/2
$/Sq.Ft:
$11455.0%
Sale Date: 10/5/2024
39 Florence Pl, Mt. Lebanon, PA 15228
Price: $380,000
Sq.Ft: 1,782
Beds/Baths: 4/2
$/Sq.Ft:
$21316.1%
Sale Date: 11/14/2024
1242 Hillsdale Ave, Dormont, PA 15216
Price: $300,000
Sq.Ft: 1,901
Beds/Baths: 3/2
$/Sq.Ft:
$15837.9%
Sale Date: 10/9/2024
271 Atlanta Drive, Mt. Lebanon, PA 15228
Price: $435,000
Sq.Ft: 2,156
Beds/Baths: 4/2
$/Sq.Ft:
$20220.6%
Sale Date: 8/26/2024
447 Greenhurst Dr, Mt. Lebanon, PA 15243
Price: $375,000
Sq.Ft: 2,221
Beds/Baths: 3/2
$/Sq.Ft:
$16933.6%
Sale Date: 8/30/2024
433 Clokey Ave, Mt. Lebanon, PA 15228
Price: $356,000
Sq.Ft: 1,813
Beds/Baths: 3/2
$/Sq.Ft:
$19622.7%
Sale Date: 8/29/2024
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