Score
0College Park, MD
5903 Seminole St
419K
5 beds
2 baths
1,500 sqft
5 bd • 2 ba • 1,500 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$418,900
Price/Sq.Ft
$279
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 5903 Seminole St, College Park, MD 20740 offers several compelling advantages. At $279.27/sqft, it's priced approximately 15% below the average price per square foot for similar homes in College Park, which typically range from $300-$350/sqft. The spacious 1,500 sqft layout and 5 bedrooms provide ample living space, making it suitable for large families or as a potential student rental property. Its location in College Park, home to the University of Maryland, suggests strong rental demand, with potential gross rental yields of 7.8% based on the current four-bedroom rental rate of $2,742/month. The property features a generous front yard, providing good curb appeal and potential for landscaping improvements. The paved driveway offers off-street parking, a valuable amenity in a college town where parking can be challenging.
The Bad
The property's exterior appears to need some maintenance and updating. The roof shows signs of age and may require replacement in the near future, potentially costing $8,000-$12,000. The lack of detailed information about the home's features, utilities, and systems is concerning and suggests potential hidden issues or outdated components. The year built is unknown, which could indicate an older property with higher maintenance costs. With only 2 bathrooms for 5 bedrooms, the bathroom-to-bedroom ratio is below the ideal 1:2 ratio, which might affect its appeal to some renters or larger families. The property's proximity to student housing areas could lead to higher noise levels and more wear-and-tear if used as a rental.
The Ugly
The unknown construction year raises significant concerns about potential major system replacements. If the home is over 30 years old, it may need comprehensive updates to the electrical system ($5,000-$10,000), plumbing ($5,000-$15,000), and HVAC ($6,000-$12,000). The lack of information on utilities and systems suggests these may be outdated or in poor condition. The exterior siding appears worn and may need replacement, costing an additional $10,000-$15,000. Given its location in a college town, there's a risk of high tenant turnover and property wear if used as a student rental, potentially increasing annual maintenance costs by 20-30% compared to owner-occupied properties. The property's location on a main road could lead to higher noise levels and potentially impact resale value.
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 best suited for investors looking to capitalize on the student rental market in College Park. With 5 bedrooms and proximity to the University of Maryland, it has the potential to generate strong rental income. It's ideal for buyers with a household income of $120,000+ (based on a 28% front-end DTI ratio) who have experience in property management or are willing to learn. The property could also appeal to large families seeking an affordable home in a college town, particularly those affiliated with the university who can benefit from the location.
Not For
This property is not suitable for buyers seeking a move-in ready, low-maintenance home. The potential for significant repairs and updates makes it unsuitable for first-time homebuyers or those without a budget for immediate improvements. It's also not ideal for small families or couples who don't need 5 bedrooms and may find the layout inefficient. Investors looking for turnkey properties or those averse to the challenges of managing student rentals should look elsewhere.
Demographics
Area Median Income
$70,515
Property History
Price History
Ownership Timeline
$149,000Cash Purchase
May 23, 2012Jose A Vasquez, Reina Torres De RodriguezMelinda C Wharton
Deed
Standard Sale (Purchase/Resales)
$270,000Cash Purchase
Jan 1, 1970Chester V Iv & Monica S SchmittJose A Etal Vasquez
Deed
Standard Sale (Purchase/Resales)
$195,500Cash Purchase
Jan 1, 1970John D & Judith J GreeneChester V Iv & Monica S Schmitt
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
6.0/10
GoodHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,589
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$418,900
Price/sqft
$279
Layout
5 bd•2 ba
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$400,000
4.7%
Your price is 4.7% above average
Median Price
$495,000
15.4%
Based on 4 recent sales
Price per Sq.Ft
$307
9.0%
Your price is 9.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8901 48TH AVE, COLLEGE PARK, MD 20740 | $480,000 | 1,728 | 4 | 2 | $2780.5% | 9/28/2024 |
| 4910 IROQUOIS ST, COLLEGE PARK, MD 20740 | $500,000 | 1,562 | 5 | 3 | $32014.6% | 9/24/2024 |
| 5006 CHEYENNE PL, COLLEGE PARK, MD 20740 | $495,000 | 1,536 | 5 | 3 | $32215.4% | 8/22/2024 |
| 9502 NARRAGANSETT PKWY, COLLEGE PARK, MD 20740 | $125,000 | N/A | N/A | N/A | N/A | 11/6/2024 |
8901 48TH AVE, COLLEGE PARK, MD 20740
Price: $480,000
Sq.Ft: 1,728
Beds/Baths: 4/2
$/Sq.Ft:
$2780.5%
Sale Date: 9/28/2024
4910 IROQUOIS ST, COLLEGE PARK, MD 20740
Price: $500,000
Sq.Ft: 1,562
Beds/Baths: 5/3
$/Sq.Ft:
$32014.6%
Sale Date: 9/24/2024
5006 CHEYENNE PL, COLLEGE PARK, MD 20740
Price: $495,000
Sq.Ft: 1,536
Beds/Baths: 5/3
$/Sq.Ft:
$32215.4%
Sale Date: 8/22/2024
9502 NARRAGANSETT PKWY, COLLEGE PARK, MD 20740
Price: $125,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/6/2024
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