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3300 Bandolino Ln
Plano, TX

3300 Bandolino Ln

$410,000
4 bd • 3 ba • 2,665 sf

This analysis was generated by artificial intelligence on 2/5/2025. 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

$410,000

Price/Sq.Ft

$154

Year Built

1976

AI Property Analysis

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

The Good

• Desirable Plano neighborhood: The property is located in a highly desirable Plano neighborhood, which is attractive to buyers seeking a reputable and well-maintained community. Plano's median household income is $91,883, reflecting the area's affluence. • Proximity to schools, parks, shopping, and dining: The property's location offers convenient access to essential amenities, enhancing its appeal to families and individuals alike. Wells Elementary School is within walking distance (0.3 miles, rated 7/10). • Rental income potential: The existing 1-bed, 1-bath rental unit provides an immediate income stream, which can help offset mortgage costs or provide additional revenue. The median rent for a one-bedroom unit in Plano is $1570 (2023 data). • Large lot with a built-in pool: The large lot and pool add to the property's charm and recreational value, making it attractive to buyers who enjoy outdoor living and entertaining. • Priced below market value: The listing claims the property is priced below market value, presenting an opportunity for buyers to gain equity through renovations and improvements. The price per square foot is $153.85, which may be lower than some comparable properties in the area, but further market analysis is needed to confirm.

The Bad

• The property requires significant updates and renovations: The listing explicitly states the need for updates, which could involve considerable time, effort, and financial investment. This may deter buyers seeking a move-in-ready home. • Plano Senior High School has a lower rating (4/10) compared to the elementary and middle schools: This could be a concern for families prioritizing high school quality, potentially impacting the property's long-term resale value. • The built-in pool may require maintenance and repairs: Pools can be costly to maintain and may require repairs, adding to the overall expenses of the property. The green color of the water in the picture indicates that the pool has not been properly maintained and will require significant work to make it usable. • The "Other" property feature is vague: The listing's inclusion of "Other" under property features without further detail leaves potential buyers with unanswered questions and could indicate undisclosed issues or features of limited value.

The Ugly

• House Built in 1976: The age of the property suggests that it may have outdated systems and require significant repairs or replacements. The average lifespan of a roof is 20-30 years, so that will likely need to be replaced soon. • Severe Heat Risk: The property has a severe heat risk (7/10), which can lead to higher energy bills and potential health concerns during the summer months. With 7 hot days per year reaching 110°F, cooling costs will be substantial. • Major Wind Risk: The property has a major wind risk (6/10), potentially increasing insurance premiums and the risk of property damage during storms. This is a critical factor given the frequency of severe weather in North Texas. • Open House and Offer Deadline: The listing's call for "final and best offers" by a specific date may create a competitive bidding environment, potentially driving up the price and pressuring buyers to make quick decisions without thorough due diligence. The property has been on the market for 1 day, which may indicate high demand or a strategic listing approach to generate immediate interest.

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

• Investors seeking properties with renovation potential and rental income opportunities: The existing 1-bed, 1-bath rental unit offers immediate income potential, while the main house can be updated to increase its value. The median rent for a one-bedroom unit in Plano is $1570, providing a baseline for potential rental income. • Buyers who prioritize location and access to amenities: The property's proximity to top-rated schools like Wells Elementary (rated 7/10 and 0.3 miles away), parks, shopping, and dining areas makes it attractive. Its convenient access to highways simplifies commutes. • Those comfortable with renovation projects and customizing a home: This property presents a blank canvas for buyers who want to personalize their living space and update it to modern standards. • Buyers seeking a home with a pool for recreational purposes: The built-in pool adds to the property's appeal, offering a space for relaxation and entertainment during the hot Texas summers.

Not For

• Buyers seeking a move-in-ready home without the need for renovations: This property requires updates and improvements to reach its full potential, which may not suit buyers looking for immediate occupancy without additional work. • Individuals with limited budgets for renovations: The property's need for updates may require a significant financial investment beyond the purchase price, making it less suitable for those with limited funds for renovations. • Buyers who are highly sensitive to heat: With a severe heat risk (7/10) and an average of 7 hot days per year with temperatures reaching 110°F, this location may not be ideal for those who are particularly sensitive to extreme heat. • Those who are not comfortable with high property taxes: Plano has notably high property taxes due to the lack of state income tax, which may deter buyers seeking lower tax burdens.
Demographics
Area Median Income

$91,883

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 110°F

windMAJOR

Insurance: Required

airMODERATE

3 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Foundation Issues: Given the age of the home (built in 1976) and Plano's clay soil, a thorough foundation inspection is crucial. Repair costs can range from $5,000 to $20,000+ depending on the severity. • HVAC System: The age of the HVAC system is unknown, but systems typically last 15-20 years. Replacement can cost $5,000 - $10,000. • Wind Risk: The property has a major wind risk (6/10), potentially leading to higher insurance premiums and the need for wind-resistant upgrades. •Renovation Costs: Accurately estimating renovation costs is crucial. Unexpected issues can arise, increasing the budget. Obtain multiple quotes from contractors and factor in a contingency fund. • Market Fluctuations: While Plano is desirable, market conditions can change. Monitor local real estate trends to ensure the investment aligns with current market dynamics.
Insurance
Annual Cost

$1,476

$123 per month

Financials

Monthly Costs
Market Rent (4 bed)

$3,040

Price History

Property Taxes

$0
2024 Tax Assessment
100.0%from previous year
Assessed Value$411,875
Tax Rate0.00%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

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