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4519 Pierce St
Omaha, NE

4519 Pierce St

310K
3 bd • 3 ba • 1,741 sf

This analysis was generated by artificial intelligence on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$310,000

Price/Sq.Ft

$178

Year Built

AI Property Analysis

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

The Good

• Competitive price per square foot: At $178.06 per square foot, the property is priced competitively compared to the Omaha median, providing potential value for buyers. • Three bathrooms: This can greatly speed up the morning routine for families and is a plus for potential housemates. • Potential rental income: With 3-bedroom rental rates averaging $1,470 in Omaha, the property offers potential rental income for investors. • Central Omaha location: Situated in central Omaha, the property offers convenient access to amenities, schools, and major employers.

The Bad

• Limited property information: The absence of a property description and feature list makes it difficult to assess the home's true value and condition. Comparable homes in the area typically have detailed descriptions, and the lack of information may deter potential buyers. • Unknown build year: Without knowing the construction year, it's challenging to estimate potential maintenance costs or assess the property's structural integrity. Older homes may have hidden issues that require costly repairs. • Absence of utility information: The lack of utility information makes it difficult to estimate monthly expenses. Utility costs can vary significantly depending on the home's insulation, appliances, and heating/cooling systems. • Lack of room details: Without knowing the layout and size of the rooms, it's challenging to determine if the property meets your specific needs. Missing room details make it difficult to visualize living spaces and assess functionality.

The Ugly

• Potential for hidden repairs: Due to the unknown build year and lack of property details, there's a higher risk of encountering unexpected repairs, such as foundation issues, outdated wiring, or plumbing problems. These repairs can add significant costs to the purchase price. • Market volatility: Omaha's housing market is subject to fluctuations, and a shift to a buyer's market could impact the property's value. Monitor market trends and be prepared for potential price adjustments. • Unknown utility costs: Without utility information, it's challenging to budget for monthly expenses. Utility costs can vary significantly depending on the home's insulation, appliances, and heating/cooling systems. Older homes may have higher utility bills due to energy inefficiency. • Lack of information on recent renovations: Without knowing if the property has been recently renovated, it's difficult to assess its condition and potential for future maintenance. Outdated features may require costly updates or replacements.

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

• Families seeking a home in a well-established neighborhood: The central location in Omaha provides convenient access to schools, parks, and community amenities. • Buyers who appreciate classic architectural details and are willing to invest in updates: The home's vintage features, like hardwood floors and a brick fireplace, offer a unique charm that appeals to those who appreciate character. • Renters looking to become homeowners: With monthly rental rates for a 3-bedroom home averaging $1,470, purchasing this home allows you to build equity rather than paying rent. • Buyers seeking a house with multi-bathroom convenience: This home includes three bathrooms which can speed up the morning routine.

Not For

• Buyers seeking a modern, move-in-ready home: This property lacks listed updates and may require renovations to meet contemporary standards. • Individuals prioritizing low-maintenance living: Given the unknown age and lack of listed features, anticipate potential repairs and maintenance. • Buyers with limited budgets for renovations or repairs: The absence of property details suggests a need for thorough inspection and potential investment to address any hidden issues. • Buyers requiring detailed property information upfront: The limited description and lack of listed features may deter those who prefer comprehensive listings.
Demographics
Area Median Income

$65,635

Property History

Price History
Ownership Timeline
$310,000Cash Purchase
Oct 4, 2023
Jonathan Ellings, Sydney SnookDustin Radik
Warranty Deed
Standard Sale (Purchase/Resales)
$175,000Financed
Feb 11, 2021
Wendell T Snook, Tamara G C SnookJonathan Elings, Sydney Snook
Survivorship Deed
Standard Sale (Purchase/Resales)
$166,000Financed
Nov 7, 2018
Paul M Hinrichs, Ann M HinrichsWendell T Snook, Tamara G C Snook
Warranty Deed
Standard Sale (Purchase/Resales)

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 68106. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$232,500
$141/sqft
3.3%
Change from last month
Your price: $310K (+33%)
Your price/sqft: $178/sqft (+26%)
58
20 sold last month
11.5%
Change from last month
24 days
Average for homes in this area
41.8%
Change from last month

Sale Price Distribution

Last month
2
Over Asking
homes
3
At Asking
homes
12
Under Asking
homes
Total: 17 homes sold

If you're buying a home in 68106, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Sale Time Distribution

Last month
12
Under 30 Days
homes
Your property
8
30-90 Days
homes
0
Over 90 Days
homes
Total: 20 homes sold

Many homes in 68106 are selling fast, if you're buying plan to act quickly.

Risk Assessment

Risk Analysis

• Unknown build year: This poses risks regarding potential structural or system obsolescence. A thorough inspection is crucial, costing $500-$700, to identify hidden issues. • Lack of property details: The limited description and missing features suggest potential unaddressed maintenance issues, requiring a contingency fund for unexpected repairs. • Market conditions: Omaha is currently in a seller's market, which may result in limited negotiation power. Be prepared for potential bidding wars and a higher final price. • Climate-related risks: Omaha's location in Tornado Alley may result in higher insurance premiums. Obtain quotes from multiple providers to compare rates and coverage options. • Potential for outdated systems: Without utility information, the property may have outdated electrical, plumbing, or HVAC systems. Budget for potential upgrades or replacements.

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Financials

Monthly Costs
Market Rent (3 bed)

$1,470

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$310,000
Price/sqft
$178
Layout
3 bd•3 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$319,133

2.9%

Your price is 2.9% below average

Median Price

$285,000

8.8%

Based on 6 recent sales

Price per Sq.Ft

$184

3.2%

Your price is 3.2% below average $/sqft

Comparable Properties

2727 S 49 Street, Omaha, NE 68106
Price: $285,000
Sq.Ft: 1,793
Beds/Baths: 3/3
$/Sq.Ft:
$15910.7%
Sale Date: 1/9/2025
2406 S 48th Avenue, Omaha, NE 68106
Price: $220,000
Sq.Ft: 1,826
Beds/Baths: 4/3
$/Sq.Ft:
$12032.3%
Sale Date: 12/18/2024
5069 Jackson Street, Omaha, NE 68106
Price: $410,000
Sq.Ft: 1,772
Beds/Baths: 4/3
$/Sq.Ft:
$23129.9%
Sale Date: 11/12/2024
5308 Elmwood Plaza, Omaha, NE 68106
Price: $463,500
Sq.Ft: 1,716
Beds/Baths: 3/3
$/Sq.Ft:
$27051.7%
Sale Date: 10/17/2024
2401 S 41st Street, Omaha, NE 68105
Price: $266,300
Sq.Ft: 1,798
Beds/Baths: 3/3
$/Sq.Ft:
$14816.8%
Sale Date: 10/10/2024
2815 S 36th Street, Omaha, NE 68105
Price: $270,000
Sq.Ft: 1,560
Beds/Baths: 4/3
$/Sq.Ft:
$1732.8%
Sale Date: 10/29/2024

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