2474 N Claiborn Ave

310K

3 beds

3 baths

1,344 sqft

3 bd • 3 ba • 1,344 sf

Educational Use Only — NOT an appraisal or professional advice. — NOT professional advice. See terms

3/16/2025

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AI Property Analysis

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List Price

$310,000

Price/Sq.Ft

$231

Year Built

2023

AI Property Analysis

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

The Good

• Quartz Countertops: Durable and aesthetically pleasing countertops, adding to the kitchen's appeal • Luxury Vinyl Plank Flooring: Waterproof and scratch-resistant flooring, ideal for high-traffic areas • Marble-look Tile in Bathrooms: Adds a touch of elegance and sophistication to the bathrooms • New Construction • Open-Concept Layout • Quartz Countertops • Luxury Vinyl Plank Flooring • Marble-look Tile in Bathrooms • Price Position: At $230.65 per square foot, this property is significantly higher than the median of $158 per square foot in the 70117 zip code. • Appreciation Trend: Homes in 70117 have sold for 4% more than they did a year ago, indicating moderate appreciation. • Rental Income: $1,524/month with 99% occupancy (0.1% cap rate) • Schools: Given the average school ratings (5/10 and 6/10), the school proximity likely has a neutral impact on property values. Higher-rated schools would typically add a premium. • Future Development: The property is located in the historic Carver Theater area, which may be subject to preservation and revitalization efforts. Further research is needed to determine specific planned developments in the immediate vicinity.

Quartz Countertops

Durable and aesthetically pleasing countertops, adding to the kitchen's appeal.

Luxury Vinyl Plank Flooring

Waterproof and scratch-resistant flooring, ideal for high-traffic areas.

Marble-look Tile in Bathrooms

Adds a touch of elegance and sophistication to the bathrooms.

The Bad

• Install missing refrigerator (MEDIUM priority): $1,500 • Finish electrical outlet (LOW priority): $500 • High flood risk (7/10) may lead to increased insurance costs and potential property damage. • Extreme heat and wind risks may require additional property maintenance and insurance coverage. • Buyer's market conditions may limit potential appreciation in the short term. • Climate Risk: Due to the SEVERE flood risk (7/10), flood insurance is CRITICAL. Expect annual premiums in the range of $2,500 - $5,000 depending on coverage and elevation. Wind risk is also EXTREME (10/10), potentially increasing homeowner's insurance costs by $500-$1,000 annually.

The Ugly

No critical issues identified

Who is this property for?

These details are presented solely for educational purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $18,288 with 99% occupancy rate Renovation-Minded Buyers: Estimated $2,000 in strategic upgrades could significantly increase property value