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4518 Browndale Ave
Edina, MN

4518 Browndale Ave

$3,197,300
5 bd • 6 ba • 3,834 sf

This analysis was generated by artificial intelligence on 2/11/2025. 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

$3,197,300

Price/Sq.Ft

$834

Year Built

AI Property Analysis

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

The Good

• **Desirable Edina Location:** Edina is a highly sought-after suburb of Minneapolis, known for its excellent schools, safe neighborhoods, and convenient access to amenities. • **Spacious Home:** With 5 bedrooms and 6 bathrooms, the property offers ample space for a family or those who enjoy hosting guests. • **Attractive Exterior:** The image shows a well-maintained home with a classic architectural style, suggesting pride of ownership. • **High Median Income Area:** The median income of $206,038 in Edina indicates a prosperous community with high property values. • **Proximity to Amenities:** Edina offers a variety of shopping, dining, parks, and recreational opportunities, enhancing the quality of life for residents.

The Bad

• **High Price per Square Foot:** At $833.93 per square foot, this property is significantly more expensive than other homes in the Edina market. Without more information, it's difficult to assess if the price is justified. • **No Property Description:** The lack of a description makes it impossible to assess the home's unique features, recent updates, or potential drawbacks. Buyers will need to rely solely on a physical viewing. • **No Room Details:** The absence of room details makes it challenging to evaluate the layout, size, and functionality of the living spaces. This information is crucial for determining if the home meets a buyer's needs. • **No Utility Information:** The lack of utility information prevents buyers from estimating monthly costs and assessing the efficiency of the home's systems. This is essential for budgeting purposes. • **Unknown Year Built:** The unknown year built makes it difficult to assess the home's condition and potential for future maintenance or repairs. This is a significant unknown that requires further investigation.

The Ugly

• **Unknown Condition of Systems:** The unknown year built and lack of utility information raise concerns about the condition of the plumbing, electrical, and HVAC systems. Extensive repairs or replacements could be costly. • **Potential for High Maintenance Costs:** Older homes in Edina often require ongoing maintenance and updates. Buyers should be prepared for potential expenses related to roofing, siding, windows, and other components. • **Risk of Outdated Features:** Without knowing the year built, it's possible the home has outdated features or design elements that may require renovation. This could add significant costs to the purchase. • **Competitive Market Pressures:** Edina's competitive market may lead to bidding wars and overpaying for the property. Buyers should be cautious and conduct thorough due diligence to avoid making an unwise investment. • **High Property Taxes:** Edina's high property values translate into high property taxes, which can significantly impact monthly housing costs. Buyers should carefully consider this expense when budgeting for the purchase.

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 move-in ready home in a highly desirable Edina location near a lake. • Individuals who value traditional architectural styles and a well-maintained exterior. • Those comfortable with Edina's high property values and associated property taxes. • Buyers who prioritize a spacious home with multiple bedrooms and bathrooms for family or guests. • Purchasers looking for a property with potential for future updates or customization to their personal tastes, while still enjoying the benefits of a premium location.

Not For

• Buyers on a strict budget who are sensitive to high property values and property taxes. • Individuals looking for a modern or recently constructed home with updated features. • Those who prefer a low-maintenance property without the potential for older home repairs. • Purchasers seeking detailed information about property features, room layouts, or utility systems prior to viewing. • Buyers requiring immediate access to specific amenities or who prefer a more urban environment.
Demographics
Area Median Income

$206,038

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Risk Assessment

Risk Analysis

• **Unknown Year Built:** This presents a significant risk, as it's difficult to assess the condition of major systems (plumbing, electrical, HVAC) and potential for costly repairs or replacements. A thorough inspection is essential. • **Lack of Property Information:** The absence of a property description, room details, and utility information makes it difficult to evaluate the home's suitability and potential costs. Further investigation is required. • **High Price per Square Foot:** At $833.93/sqft, this property is priced at a premium compared to the Edina average. Market conditions and unique features must justify this higher price. • **Competitive Market:** Edina's competitive market requires buyers to act quickly and potentially offer above asking price. Be prepared for multiple offers and potential bidding wars. • **Older Housing Stock:** Many homes in Edina are older, which means potential maintenance and update costs. Factor in costs for plumbing, electrical, and insulation upgrades.

Financials

Monthly Costs
Market Rent (5 bed)

$2,550

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Location & Comparables

Subject Property
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Frequently Asked Questions

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