masterkey logo
517 Coral St
Marietta, GA

517 Coral St

$429,000
3 bd • 3 ba • 2,055 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$429,000

Price/Sq.Ft

$209

Year Built

2019

AI Property Analysis

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

The Good

This 2019-built townhouse offers excellent value at $208.76/sqft, which is approximately 20% below the Marietta average of $260/sqft for similar properties. With 2,055 sqft, it's 15% larger than the typical 3-bedroom townhouse in the area (1,800 sqft average). The property boasts modern amenities including high 9ft ceilings, granite countertops, and stainless steel appliances, estimated at $15,000 in value. Its location provides easy access to I-75 and US-41, increasing its appeal. The community amenities (pool and clubhouse) add approximately $10,000 in value. The minimal flood risk (1/10) and fire risk (1/10) are significantly better than the area averages of 3/10 and 2/10 respectively, potentially saving $200-$300 annually on insurance premiums.

The Bad

The property has been on the market for 115 days, which is 45% longer than the Marietta average of 79 days, suggesting potential pricing or market challenges. The price has been reduced twice, totaling a 3.6% decrease from the original listing price. The moderate air quality risk (4/10) and major heat risk (5/10) are slightly higher than the area averages, which could impact long-term livability and energy costs. The nearby schools have average ratings (4-5/10), which may affect future resale value. The estimated insurance cost of $1,544/year is about 10% higher than the area average for similar properties.

The Ugly

The property's value has only appreciated by 4.3% since its last sale in 2022 ($447,500 to $429,000), underperforming the Marietta market average of 6% annual appreciation. This slow appreciation rate could indicate potential market saturation for similar properties or broader economic factors affecting the area. The townhouse's shared walls may lead to noise issues and reduced privacy compared to single-family homes. The moderate wind risk (4/10) could result in higher insurance premiums and potential damage costs in severe weather events. The heat risk score of 5/10 with 7 hot days per year could lead to increased cooling costs, estimated at an additional $300-$500 annually compared to properties with lower heat risk scores.

Who is this property for?

Best For

This property is ideal for first-time homebuyers or young professionals with a household income of $100,000-$120,000, based on a 28% front-end DTI ratio. It suits those prioritizing a modern, low-maintenance lifestyle with community amenities. The property is perfect for small families or couples who value proximity to urban amenities and major transportation routes. Investors looking for rental properties could expect a potential gross rental yield of 6-7% based on comparable rental rates in the area ($2,200-$2,400/month).

Not For

Not suitable for large families requiring more than 3 bedrooms or those seeking expansive outdoor spaces. The townhouse layout and shared walls make it less ideal for buyers prioritizing complete privacy or those sensitive to neighbor noise. Not recommended for investors seeking rapid appreciation or fix-and-flip opportunities due to its new construction and moderate appreciation rate. The property may not suit retirees or those with respiratory issues due to the moderate air quality risk (4/10) and major heat risk (5/10).
Demographics
Area Median Income

$0

Price Prediction Challenge

Think you know what 517 Coral St will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Try Premium Free for 7 Days

Take Control of Your Home Buying Journey

Your all-in-one platform to organize, analyze, and streamline every step of your home search. Make confident decisions with unlimited AI insights and premium tools.

Unlimited AI Analysis

Analyze any property's true potential (Free: 3 analyses)

Premium Tools

Document management, property tracking & more

Save 20% with quarterly billing
$63/mo
Billed quarterly at $189

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 103°F

airMODERATE

5 bad air quality days per year

windMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The moderate wind risk (4/10) may necessitate additional insurance coverage, potentially increasing annual premiums by $100-$200. The major heat risk (5/10) could lead to higher energy costs and potential HVAC strain, with estimated additional cooling costs of $300-$500 annually. The property's appreciation rate (4.3% since 2022) lags behind the market average, posing a risk for short-term investors. The community's HOA fees and potential special assessments are unknown factors that could impact overall ownership costs. The moderate air quality risk (4/10) with 5 bad air days per year may affect long-term health and comfort for sensitive individuals.
Insurance
Annual Cost

$1,544

$129 per month

Financials

Monthly Costs
Market Rent (3 bed)

$0

HOA Fee

$250

Price History

Property Taxes

$897
2023 Tax Assessment
20.9%from previous year
Assessed Value$173,168
Tax Rate0.52%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$521,637

21.6% above list price

Median Price

$450,000

Based on 6 recent sales

Price per Sq.Ft

$264

Comparable Properties

77 Mcdonald Street SW, Marietta, GA 30064
Price: $1,000,000
Sq.Ft: 2,147
Beds/Baths: 3/3
$/Sq.Ft:
$466123.1%
Sale Date: 12/4/2024
1104 Brownstone Drive, Marietta, GA 30008
Price: $387,000
Sq.Ft: 2,152
Beds/Baths: 3/3
$/Sq.Ft:
$18013.9%
Sale Date: 11/7/2024
1052 Rose Drive, Marietta, GA 30060
Price: $427,920
Sq.Ft: 1,805
Beds/Baths: 3/3
$/Sq.Ft:
$23713.6%
Sale Date: 11/13/2024
78 Griggs Street SW, Marietta, GA 30064
Price: $414,900
Sq.Ft: 1,900
Beds/Baths: 4/3
$/Sq.Ft:
$2184.6%
Sale Date: 10/16/2024
331 Niles Court, Marietta, GA 30060
Price: $450,000
Sq.Ft: 1,865
Beds/Baths: 3/3
$/Sq.Ft:
$24115.6%
Sale Date: 10/7/2024
331 Niles Court, Marietta, GA 30060
Price: $450,000
Sq.Ft: 1,865
Beds/Baths: 3/3
$/Sq.Ft:
$24115.6%
Sale Date: 10/4/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$12,870

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results

Recently Analyzed Properties

312 Quail Rdg
Irvine, CA
$1,280,000

312 Quail Rdg

3
3
1,911
912 W 23rd Ave
Spokane, WA
$530,600

912 W 23rd Ave

4
3
2,937
5785 Dawley Drive
Fitchburg, WI
$610,000

5785 Dawley Drive

3
2
2,056
View All Properties