406 Gladstone Blvd

• Potential for High Maintenance Costs: Given the home's age (built in 1910), there is a risk of encountering unexpected repairs or maintenance issues. Older homes often require more upkeep than newer properties, which can lead to higher ongoing expenses. • School District Concerns: The relatively low ratings of the assigned schools (Garfield Elementary 4/10, Northeast Middle 2/10, Northeast High 1/10) may be a deterrent for families with children and could impact the property's long-term resale value. The median income in the area is $39,918, which is lower than the Kansas City average, potentially impacting the resources available for school funding. • Foundation Issues: Given Kansas City's hilly terrain and older housing stock, there's a risk of foundation problems. A professional inspection is recommended to assess the foundation's condition and identify any necessary repairs. Repairing foundation issues can be costly, potentially ranging from $5,000 to $20,000 or more, depending on the severity of the problem. • High Estimated Insurance: The estimated annual insurance cost of $2,696.4 is relatively high compared to the national average. This is likely due to the home's age, the moderate fire risk, and the potential for severe weather in the Kansas City area. Buyers should factor this cost into their budget and shop around for the best rates. • Unknown Land Lease Terms: The analysis doesn't consider potential land lease terms, which can significantly impact the long-term cost of ownership. If the property is subject to a land lease, the buyer will need to factor in the annual lease payments and any restrictions imposed by the lease agreement.