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493 NE Caden Ave
Score
70
Hillsboro, OR

493 NE Caden Ave

560K
3 bd • 3 ba • 1,717 sf

This analysis was generated on 3/17/2025. 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

$560,400

Price/Sq.Ft

$326

Year Built

AI Property Analysis

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

The Good

• Mature Tree Coverage: Mature trees provide shade, aesthetic appeal, and potentially increase property values • Greenbelt/Park Access: Proximity to green spaces enhances recreational opportunities and desirability • Established Neighborhood • Mix of Housing Styles • Proximity to Commercial Areas • Green Spaces and Parks • Price Position: Property priced at $326.38/sqft, 4.2% above the median of $313/sqft for the 97124 area. • Appreciation Trend: Homes in 97124 have sold for 2.9% more than they did a year ago, indicating moderate appreciation. • Investment Opportunity: After $17,000 in renovations, potential $7,600 equity gain (44.7% ROI) • Rental Income: $3,190/month with 95% occupancy (5.1% cap rate) • Schools: No school data provided to assess impact on property values. • Future Development: No specific planned developments are mentioned in the provided data. • The neighborhood exhibits a mix of grid and curvilinear street patterns. Housing density varies across different sections. Some areas appear to have more efficient space utilization than others.
Mature Tree Coverage

Mature Tree Coverage

Mature trees provide shade, aesthetic appeal, and potentially increase property values.

Greenbelt/Park Access

Greenbelt/Park Access

Proximity to green spaces enhances recreational opportunities and desirability.

The Bad

• Roof Replacement (MEDIUM priority): $12,000 • Landscaping Updates (LOW priority): $5,000 • Potential for rising interest rates could impact buyer affordability and slow down sales. • Lack of specific property details (year built, features, utilities) makes a comprehensive risk assessment challenging.

The Ugly

No critical issues identified
Aging Roofs

Aging Roofs

Some roofs may be nearing the end of their lifespan, requiring future replacement.

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

Rental Property Investors: Potential annual revenue of $38,280 with 95% occupancy rate Value Investors: Projected 13.3% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $17,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$100,596

Property History

Price History
Ownership Timeline
$223,360Financed
May 11, 2004
West Hills Development CoWilliam Y An
Warranty Deed
New Construction Residential Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$1,860

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$560,400
Price/sqft
$326
Layout
3 bd3 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$504,292

11.1%

Your price is 11.1% above average

Median Price

$554,000

1.2%

Based on 6 recent sales

Price per Sq.Ft

$290

12.5%

Your price is 12.5% above average $/sqft

Comparable Properties

492 NE 63RD WAY, Hillsboro, OR 97124
Price: $554,000
Sq.Ft: 1,717
Beds/Baths: 3/3
$/Sq.Ft:
$3231.1%
Sale Date: 2/2/2025
2196 NE 50TH WAY, Hillsboro, OR 97124
Price: $374,000
Sq.Ft: 1,756
Beds/Baths: 3/3
$/Sq.Ft:
$21334.7%
Sale Date: 1/30/2025
6326 SE SIGRID ST, Hillsboro, OR 97123
Price: $645,000
Sq.Ft: 1,756
Beds/Baths: 4/3
$/Sq.Ft:
$36712.5%
Sale Date: 1/22/2025
1889 NE ASHBERRY DR, Hillsboro, OR 97124
Price: $445,000
Sq.Ft: 1,500
Beds/Baths: 2/3
$/Sq.Ft:
$2979.1%
Sale Date: 1/31/2025
1927 NE 49TH WAY, Hillsboro, OR 97124
Price: $389,000
Sq.Ft: 1,756
Beds/Baths: 3/3
$/Sq.Ft:
$22232.1%
Sale Date: 12/19/2024
1952 NE 51ST AVE, Hillsboro, OR 97124
Price: $618,750
Sq.Ft: 1,954
Beds/Baths: 4/3
$/Sq.Ft:
$3173.0%
Sale Date: 1/24/2025

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