Score
0Newport News, VA
308 Ferguson Ave
245K
3 beds
1 baths
1,073 sqft
3 bd • 1 ba • 1,073 sf
This analysis was generated on 2/13/2025. 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
$245,000
Price/Sq.Ft
$228
Year Built
1920
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Walkable Location: Situated in Hilton Village, the property is within walking distance of shopping and dining amenities, enhancing its appeal to those who value convenience. Walkable areas command a premium of approximately 10-20% compared to less accessible locations in Newport News.
• Detached Studio: The separate studio offers flexible space that can be used as an office, art studio, or workshop, adding value and functionality to the property. A similar detached building can easily cost between $15,000 - $25,000.
• Classic Architectural Features: The hardwood floors, built-ins, and fireplace contribute to the home's charm and character, attracting buyers who appreciate vintage properties. Homes with original hardwood floors in Newport News typically sell for 5-10% more than those without.
• Minimal Flood and Fire Risk: With flood and fire risks rated at 1/10, insurance costs related to these hazards are likely to be lower compared to properties in higher-risk zones. The average flood risk in surrounding areas is around 3/10, making this property more secure from flood-related issues.
The Bad
• High Heat Risk: The "EXTREME" heat risk (9/10) means that the property experiences very high temperatures, which could lead to increased energy consumption for cooling and potential discomfort for residents. Newport News experiences 7 days above 106°F. This is significantly higher than other areas in Virginia.
• Low School Ratings for Middle and High School: The middle and high schools have ratings of 3/10 and 4/10, respectively, which may be a concern for families with school-aged children. This could affect the resale value if the buyer pool is limited to those without kids.
• Older Construction: Built in 1920, the property is likely to require more maintenance and repairs compared to newer homes. Expect higher ongoing costs.
• Only One Bathroom: For a 3-bedroom house, having only one bathroom may be inconvenient, especially for families. This could be a drawback compared to other homes in the area.
The Ugly
• Severe Wind Risk (8/10): The high wind risk necessitates comprehensive insurance coverage, potentially increasing annual premiums by 15-20% compared to lower-risk areas. This can add several hundred dollars to the annual cost of ownership.
• Potential for Outdated Systems: Given the age, the property may have outdated plumbing, electrical, and HVAC systems. Replacing these systems could cost between $15,000 and $30,000.
• Small Living Space: At 1,073 square feet for a 3-bedroom home, the living space may feel cramped, especially for families. The average square footage for a 3-bedroom home in Newport News is closer to 1,200-1,400 square feet.
• School Ratings: The middle and high school ratings are relatively low (3/10 and 4/10), which may deter families with children. This can negatively impact resale value and limit the pool of potential buyers.
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 charming, walkable neighborhood: Its location in Hilton Village, with its proximity to shopping and dining, makes it ideal for those who value convenience and community.
• Individuals or couples needing a separate workspace: The detached studio provides an excellent space for a home office, art studio, or workshop.
• Those who appreciate classic architectural details: The hardwood floors, built-ins, and fireplace add character and appeal to buyers who appreciate vintage homes.
• Buyers comfortable with potentially high summer temperatures: The house has an attic fan and central air, making it more appealing to buyers used to dealing with temperatures in the 90s and above.
Not For
• Those sensitive to extreme heat: The heat risk is rated as extreme (9/10), with an average of 7 days per year exceeding 106°F. Buyers who are not comfortable with hot weather may find this property unsuitable.
• Buyers looking for modern, updated homes: Built in 1920, this cottage retains its original charm, which may not appeal to buyers seeking contemporary features and finishes.
• Individuals with mobility issues: Given the likely presence of stairs and the older construction, the property may not be ideal for those with mobility challenges.
• Those seeking low-maintenance properties: Older homes often require more upkeep and repairs than newer constructions. Buyers looking for a hassle-free living experience might want to consider other options.
Demographics
Area Median Income
$57,182
Property History
Price History
Ownership Timeline
$208,000Financed
Jun 18, 2014Robert PierceKody S Crosson, Calandra G Wahl
Warranty Deed
Standard Sale (Purchase/Resales)
$220,000Financed
Sep 8, 2005Robin C FitchettRobert Pierce
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$3,479
2025 Tax Assessment
6.2%from previous year
Assessed Value$294,800
Tax Rate1.18%
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
Elementary
6.0/10
GoodMiddle
3.0/10
Below AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,116
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$245,000
Price/sqft
$228
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$224,167
9.3%
Your price is 9.3% above average
Median Price
$230,000
6.5%
Based on 6 recent sales
Price per Sq.Ft
$221
3.3%
Your price is 3.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 600 North Avenue, Newport News, VA 23601 | $235,000 | 1,005 | 2 | 1 | $2342.4% | 11/6/2024 |
| 4 Hudson Circle, Newport News, VA 23605 | $235,000 | 978 | 3 | 1 | $2405.2% | 9/25/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 716 Randolph Road, Newport News, VA 23605 | $215,000 | 989 | 3 | 1 | $2174.8% | 9/17/2024 |
| 205 Piez Avenue, Newport News, VA 23601 | $230,000 | 1,143 | 3 | 2 | $20111.9% | 10/28/2024 |
600 North Avenue, Newport News, VA 23601
Price: $235,000
Sq.Ft: 1,005
Beds/Baths: 2/1
$/Sq.Ft:
$2342.4%
Sale Date: 11/6/2024
4 Hudson Circle, Newport News, VA 23605
Price: $235,000
Sq.Ft: 978
Beds/Baths: 3/1
$/Sq.Ft:
$2405.2%
Sale Date: 9/25/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
716 Randolph Road, Newport News, VA 23605
Price: $215,000
Sq.Ft: 989
Beds/Baths: 3/1
$/Sq.Ft:
$2174.8%
Sale Date: 9/17/2024
205 Piez Avenue, Newport News, VA 23601
Price: $230,000
Sq.Ft: 1,143
Beds/Baths: 3/2
$/Sq.Ft:
$20111.9%
Sale Date: 10/28/2024
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