738 Edgewater Ave

• Stainless steel appliances: Adds a modern touch to the kitchen, approximately $3,000 value. • Updated kitchen cabinets: Modern white cabinets increase the appeal of the kitchen, approximately $5,000 value. • Finished basement: Adds extra living space, approximately $10,000 value. • Updated kitchen • Finished basement • Consistent flooring throughout • Fresh paint • Price Position: Due to the missing square footage data, a price per square foot analysis cannot be performed. Obtaining this information is crucial for accurate valuation. • Appreciation Trend: The property's sales history shows fluctuating values, with significant increases and decreases over the years. A comprehensive market analysis is needed to determine the current appreciation rate in Ridgefield. • Negotiation Opportunity: At 50 days on market, the property is lingering longer than average, suggesting the price may be too high or there are other factors deterring buyers. Further investigation into local market averages is needed. • Investment Opportunity: After $7,000 in renovations, potential $13,000 equity gain (185.7% ROI) • Rental Income: $2,600/month with 90% occupancy (0.0% cap rate) • Schools: The impact of school quality on property values is difficult to assess without complete school ratings and performance data. The 6/10 rating of Slocum Skewes School is likely to have a neutral to slightly positive impact, while the 5/10 rating of the high school may be a concern for some buyers. • Future Development: No specific planned developments are mentioned in the provided data. Further investigation into local planning board meetings and zoning proposals is advised to identify potential future developments. • The house has good natural light, especially in the living areas and bedrooms. The large windows allow plenty of sunlight to enter. • The layout is open and functional, with good flow between the living room, dining area, and kitchen. The basement is finished and can be used as an extra bedroom or living space.