Score
0Flushing, NY
65-56 Alderton Street
990K
2 beds
2 baths
1,332 sqft
2 bd • 2 ba • 1,332 sf
This analysis was generated on 2/19/2025. 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
$990,000
Price/Sq.Ft
$743
Year Built
1956
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Prime Location:** Situated in Rego Park, the property benefits from its proximity to schools (PS 174 with an 8/10 rating is 0.1 miles away), shopping, public transportation, and recreational facilities. This adds significant value for families and commuters.
• **Finished Basement:** The finished basement provides valuable extra living space, suitable for a rec room, office, or storage. This increases the property's functionality and appeal.
• **Updated Kitchen:** The granite kitchen with tile backsplash and stainless steel appliances adds a modern touch and reduces the need for immediate renovations. This is a desirable feature for many buyers.
• **Outdoor Space:** The new front porch, back patio, and fenced yard offer outdoor living opportunities, a valuable asset in a densely populated area like Flushing. The private driveway and garage are also significant perks, given parking challenges in the neighborhood.
The Bad
• **Limited Bedroom Count:** Currently configured as a 2-bedroom home, it might not meet the needs of families or individuals requiring more living space. While conversion to a 3-bedroom is possible, it adds to the overall cost.
• **High Price per Square Foot:** At $743.24/sq ft, the property is priced higher than some comparable homes in the Flushing area, especially considering its age and potential maintenance needs. The median price per square foot in Flushing is around $600.
• **Climate Risks:** The property's location exposes it to major air quality (5/10), heat (6/10) and wind risks (6/10) which could impact insurance costs and the overall comfort of living in the house.
• **Days on Market:** With 69 days on the market, this is slightly above the average for similar properties in the area, suggesting that the price may be a bit high or there are other factors deterring buyers.
The Ugly
• **Extreme Flood Risk (9/10):** This is the most significant drawback. The FEMA Zone X_UNSHADED designation means the property is in a high-risk flood area, making it difficult and expensive to insure. The estimated insurance cost of $3564/year is likely understated, and actual costs could be much higher.
• **Age of the Property (Built in 1956):** While the roof was replaced 12 years ago, other systems (plumbing, electrical, HVAC) are likely original and nearing the end of their lifespan. Expect potential repair or replacement costs in the near future. Homes of this age in Flushing typically require significant updates to meet modern standards.
• **Potential for High Maintenance Costs:** Older homes often require more maintenance. Budget for potential repairs to the roof, foundation, and other structural elements. The steam heating system, while functional, may be less efficient and more costly to maintain than modern alternatives.
• **Attached Brick Colonial:** Attached homes offer less privacy than detached homes. Noise from neighbors could be a concern. Ensure proper soundproofing measures are in place.
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
• Buyers Seeking a Traditional Home in a Well-Connected Neighborhood: The property's proximity to schools, shopping, and public transportation makes it suitable for those valuing convenience and community amenities.
• Individuals Desiring a Finished Basement and Outdoor Space: The finished basement offers additional living space, while the fenced yard and patio provide outdoor enjoyment.
• Buyers Comfortable with the Estimated Monthly Costs: Those who have factored in mortgage payments, property taxes, insurance (estimated at $3,564/year), and potential maintenance expenses into their budget might find this property appealing.
• Potential Homeowners Looking for a Home with Recent Updates: The updated kitchen with granite counters and stainless steel appliances, along with the relatively new roof (12 years old), may attract buyers seeking a move-in ready home with minimized immediate renovation needs.
Not For
• Buyers Seeking Minimal Flood Risk: The property's extreme flood risk (9/10) may deter risk-averse buyers concerned about potential damage and high insurance costs.
• Individuals Requiring a Large Number of Bedrooms: Currently configured as a 2-bedroom home, despite the potential for conversion, it may not suit those needing more space without incurring renovation costs.
• Buyers on a Tight Budget: The asking price of $990,000, combined with potential renovation costs (e.g., converting to 3 bedrooms, upgrading heating), high property taxes, and flood insurance, might make it unaffordable for some.
• Those Sensitive to Environmental Factors: The major air quality and heat risks (5/10 and 6/10, respectively), along with the wind risk (6/10), may not appeal to those prioritizing environmental quality and comfort.
Demographics
Area Median Income
$79,221
Property History
Price History
Ownership Timeline
Property Taxes
$0
2023 Tax Assessment
Assessed Value$57,540
Tax Rate0.00%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Elementary
6.7/10
GoodMiddle
7.4/10
GoodHigh
4.3/10
AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,950
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
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
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
