Score
0Marietta, GA
517 Coral St
429K
3 beds
3 baths
2,055 sqft
3 bd • 3 ba • 2,055 sf
This analysis was generated 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?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
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
Property History
Price History
Property Taxes
$897
2023 Tax Assessment
20.9%from previous year
Assessed Value$173,168
Tax Rate0.52%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
5.0/10
AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$429,000
Price/sqft
$209
Layout
3 bd•3 ba
Days on market
38 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$521,637
17.8%
Your price is 17.8% below average
Median Price
$450,000
4.7%
Based on 6 recent sales
Price per Sq.Ft
$264
20.9%
Your price is 20.9% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 77 Mcdonald Street SW, Marietta, GA 30064 | $1,000,000 | 2,147 | 3 | 3 | $466123.1% | 12/4/2024 |
| 1104 Brownstone Drive, Marietta, GA 30008 | $387,000 | 2,152 | 3 | 3 | $18013.9% | 11/7/2024 |
| 1052 Rose Drive, Marietta, GA 30060 | $427,920 | 1,805 | 3 | 3 | $23713.6% | 11/13/2024 |
| 78 Griggs Street SW, Marietta, GA 30064 | $414,900 | 1,900 | 4 | 3 | $2184.6% | 10/16/2024 |
| 331 Niles Court, Marietta, GA 30060 | $450,000 | 1,865 | 3 | 3 | $24115.6% | 10/7/2024 |
| 331 Niles Court, Marietta, GA 30060 | $450,000 | 1,865 | 3 | 3 | $24115.6% | 10/4/2024 |
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
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