Score
0Ontario, NY
7576 Furnace Rd
470K
3 beds
2 baths
1,755 sqft
3 bd • 2 ba • 1,755 sf
This analysis was generated on 2/21/2025. 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
$469,900
Price/Sq.Ft
$268
Year Built
2025
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• New Construction: Built in 2025, the property offers the benefits of new construction, including modern building codes, energy efficiency, and contemporary design. This often translates to lower maintenance costs and fewer immediate repairs compared to older homes.
• Included Pool: The inground pool is a significant amenity, especially appealing during the summer months. The fenced-in area provides safety and privacy, enhancing the outdoor living experience.
• Acre Lot: The 1-acre lot offers ample space and privacy, providing opportunities for outdoor activities, gardening, or future expansion. This is a desirable feature in Ontario, where larger lots can be hard to find.
• Open Floor Plan: The wide-open floor plan is ideal for modern living, providing a spacious and flexible layout for entertaining and family gatherings. This design is popular among today's buyers.
• Proximity to Lake Ontario: The property's location within walking distance of Lake Ontario's boat launch and park offers convenient access to recreational opportunities, enhancing its appeal for outdoor enthusiasts.
• Town Water & Sewer: Connection to town water and sewer eliminates the concerns and maintenance associated with well and septic systems, providing reliable and convenient utility services.
The Bad
• Limited Information on Builder Reputation: The listing lacks details about the builder's experience, reputation, or track record. Researching the builder's past projects, customer reviews, and licensing is crucial to assess the quality and reliability of the construction.
• No Room Dimensions Provided: The absence of specific room dimensions makes it difficult to assess the actual size and layout of the rooms. Requesting detailed floor plans with measurements is essential to ensure the home meets the buyer's space requirements.
• Reliance on Propane: While efficient, propane can be more expensive than natural gas in some areas. Comparing propane costs to alternative heating sources and evaluating the long-term cost implications is advisable, especially considering Ontario's cold winters.
• Estimated Insurance Costs: The provided insurance estimate may not be accurate and could vary based on individual circumstances, coverage levels, and insurance provider. Obtaining personalized quotes is necessary to determine the actual insurance costs. The listing presents a minor fire risk (2/10) which could lead to increased insurance.
The Ugly
• Significant Price Increase: The property's price history shows a dramatic increase from $79,900 in 2023 to $469,900 in 2024. This 305.1% increase raises concerns about potential overpricing and whether the current price aligns with market value and improvements made. A thorough appraisal is essential.
• Long Days on Market: With 115 days on the market, the property has been listed for an extended period compared to the average in a hot market. This could indicate issues with pricing, condition, or buyer appeal. Analyzing comparable properties and market trends is crucial to determine the cause.
• Location in Agricultural Area: While some appreciate the rural setting, the property's location in an agricultural area may result in exposure to farm-related odors, noise, and potential pesticide drift. These factors could be a deterrent for some buyers, especially those with sensitivities or allergies.
• Limited School Ratings: The school ratings for Ontario Elementary School (5/10) and Wayne Senior High School (6/10) are average to below average. This may be a concern for buyers with school-aged children who prioritize high-performing schools. Further research into school performance and programs is recommended.
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 New Construction with Modern Amenities: The property offers a brand-new home with modern features like granite countertops, soft-close drawers, a Zline appliance package, and luxury vinyl planking. The open floor plan and included appliances cater to those seeking a move-in-ready home.
• Individuals Desiring Single-Level Living: The ranch-style layout with a main-level primary bedroom is suitable for those who prefer or require single-story living, eliminating the need for stairs.
• Buyers Interested in Outdoor Recreation: The proximity to Lake Ontario's boat launch and park, coupled with the inground pool and patio, makes this property ideal for those who enjoy outdoor activities and water-based recreation.
• Individuals Valuing Energy Efficiency: With MI thermopane tilt-in windows, 2x6 exterior walls, and a high-efficiency furnace and central air, this home appeals to those who prioritize energy savings and lower utility bills.
• Buyers Appreciating Turnkey Solutions: The inclusion of town water and sewer, internet, and cable availability simplifies the move-in process and reduces the need for immediate setup of essential services.
Not For
• Buyers Seeking Established Neighborhoods: As new construction, the surrounding landscaping and neighborhood feel may not be as mature or established compared to older homes in the area.
• Individuals Requiring Immediate Occupancy: Because the home is under construction, it is not suitable for buyers who need to move in immediately. The construction timeline needs to be factored into their housing needs.
• Buyers Unwilling to Make Color Choices: While the description notes there is still time to pick colors, this suggests that some decisions have already been made. Buyers who want complete control over all design elements may find this limiting.
• Individuals Sensitive to Agricultural Environments: Given Ontario's agricultural setting, those highly sensitive to farm-related odors or potential pesticide drift might find this location less desirable.
• Buyers Reliant on Public Transportation: With limited public transportation in Ontario, this property is not ideal for those who rely on public transit for commuting or other needs.
Demographics
Area Median Income
$80,125
Property History
Price History
Ownership Timeline
$116,000Financed
Oct 12, 2023Thomas J TennitySro Properties Inc
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Apr 21, 2022Thomas J Tennity, Kimberly S TennityThomas J Tennity
Quit Claim Deed
Non-Arm's Length Transactions
$217,000Cash Purchase
Apr 15, 2014Guy F BaileyThomas Tennity
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 12, 1998Robert BaileyGuy Bailey
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$0
2023 Tax Assessment
Assessed Value$269,100
Tax Rate0.00%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
High
6.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$839
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$469,900
Price/sqft
$268
Layout
3 bd•2 ba
Days on market
114 daysat time of analysis
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$275,000
70.9%
Your price is 70.9% above average
Median Price
$275,000
70.9%
Based on 1 recent sales
Price per Sq.Ft
$179
49.6%
Your price is 49.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2147 Apple Tree Drive, Ontario, NY 14519 | $275,000 | 1,536 | 3 | 3 | $17933.1% | 9/19/2024 |
2147 Apple Tree Drive, Ontario, NY 14519
Price: $275,000
Sq.Ft: 1,536
Beds/Baths: 3/3
$/Sq.Ft:
$17933.1%
Sale Date: 9/19/2024
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