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590 Seven Devils Rd
Score
0
Banner Elk, NC

590 Seven Devils Rd

492K
3 bd • 2 ba • 1,402 sf

This analysis was generated on 3/5/2025. 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

$492,400

Price/Sq.Ft

$351

Year Built

AI Property Analysis

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

The Good

• Mountain View: The property offers a scenic mountain view, which can significantly increase its appeal and market value • Price Position: Price per sqft of $351.21 cannot be compared to comparable properties due to lack of market data. • Appreciation Trend: Historical appreciation rates cannot be determined due to the absence of market data. • Investment Opportunity: After $7,000 in renovations, potential $15,600 equity gain (222.9% ROI) • Rental Income: $2,000/month with 90% occupancy (0.1% cap rate) • Schools: Unable to assess school impact on property value due to lack of available data. • Future Development: No specific planned developments are available. Contacting the local municipality may provide more insight. • The layout is difficult to assess from the exterior view, but the house appears to be a single-story structure. Further interior inspection is needed to determine the functionality and flow of the living spaces.
Mountain View

Mountain View

The property offers a scenic mountain view, which can significantly increase its appeal and market value.

The Bad

• Siding Replacement (MEDIUM priority): $5,000 • Landscaping Improvements (LOW priority): $2,000 • Lack of available market data makes it difficult to assess potential risks accurately. Further research is needed to determine potential risks. • Climate Risk: Due to lack of specific climate risk data, insurance implications cannot be accurately assessed. Typical homeowner's insurance in the area may range from $900-$1500 annually, but this could vary based on individual risk factors.

The Ugly

No critical issues identified
Weathered Siding

Weathered Siding

The siding appears weathered and may require maintenance or replacement. This could lead to further damage if not addressed.

Exterior Clutter

Exterior Clutter

There is some visible clutter and debris near the entrance, which detracts from the property's curb appeal.

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 $24,000 with 90% occupancy rate Value Investors: Projected 7.6% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $7,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$0

Sunlight Analysis

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

Sunlight Analysis

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Financials

Monthly Costs
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$492,400
Price/sqft
$351
Layout
3 bd2 ba
0

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$202,333

143.4%

Your price is 143.4% above average

Median Price

$59,000

734.6%

Based on 3 recent sales

Price per Sq.Ft

$448

21.6%

Your price is 21.6% below average $/sqft

Comparable Properties

354 Hawks Lake Drive, Seven Devils, NC 28604
Price: $538,000
Sq.Ft: 1,200
Beds/Baths: 2/2
$/Sq.Ft:
$44827.7%
Sale Date: 9/13/2024
TBD Devils Lake Drive, Seven Devils, NC 28604
Price: $10,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/6/2024
TBD Greencove Drive, Seven Devils, NC 28604
Price: $59,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/24/2024

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