Score
0Ashland, OH
317 Lee Ave
159K
3 beds
1 baths
1,360 sqft
3 bd • 1 ba • 1,360 sf
Educational Use Only — NOT an appraisal or professional advice. — NOT professional advice. See terms
List Price
$159,000
Price/Sq.Ft
$117
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 317 Lee Ave, Ashland, OH offers excellent value at $116.91/sqft, which is significantly below the average for the area. With 1,360 sqft, it provides ample living space for its 3 bedrooms. The home's location on a tree-lined street with mature landscaping enhances its curb appeal and provides natural shade, potentially reducing cooling costs. The white vinyl siding and black shutters create a classic, low-maintenance exterior. The property includes a spacious front yard, offering potential for gardening or outdoor activities. Its price point of $159,000 is well-aligned with the median income of $55,413 in the area, making it potentially affordable for many local buyers.
The Bad
The property only has 1 bathroom, which may be inconvenient for a 3-bedroom home and could limit its appeal to some buyers. The lack of listed features suggests the home may not have recent upgrades or modern amenities. The absence of a visible garage in the image could be a drawback for some potential buyers, especially in an area with harsh winters. The unknown build year raises concerns about potential age-related issues and necessary updates. The limited property description and lack of detailed room information make it challenging to fully assess the interior condition and layout.
The Ugly
Given the lack of information about the home's age and systems, there could be significant hidden costs for repairs or updates. If the home is older, it may require substantial investments in areas like the roof, HVAC, plumbing, or electrical systems. The single bathroom could necessitate an expensive addition to make the home more functional for a family. The potential lack of energy-efficient features in an older home could lead to higher utility costs. Without information on the foundation or basement condition, there could be unseen structural issues or water damage problems typical in Ohio homes.
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
This property is best suited for first-time homebuyers or small families looking for an affordable entry into homeownership in Ashland. It's ideal for buyers with a household income around $55,000-$65,000, aligning with the area's median income. The home would suit those willing to invest sweat equity for improvements over time. It's also appropriate for investors looking for a potential rental property, given the three-bedroom layout and the current three-bedroom rental rate of $1,190 in the area.
Not For
This property is not suitable for larger families needing multiple bathrooms or more than three bedrooms. It's also not ideal for buyers seeking a move-in ready, updated home with modern amenities. Individuals with mobility issues might find the property challenging if it lacks accessibility features. Luxury home buyers or those seeking high-end finishes will likely find this property doesn't meet their expectations.
Demographics
Area Median Income
$55,413
Property History
Price History
Ownership Timeline
$159,000Financed
Aug 4, 2023Dylan J Wengerd, Chelsea E WengerdLinda L Coor, Owen J Coors
Warranty Deed
Standard Sale (Purchase/Resales)
$95,000Cash Purchase
Mar 25, 2005Kim E Henthorn, Barbara J HenthornJeffrey D Miller, Kara D Miller
Survivorship Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$610
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$159,000
Price/sqft
$117
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$103,750
53.3%
Your price is 53.3% above average
Median Price
$100,000
59.0%
Based on 6 recent sales
Price per Sq.Ft
$83
40.9%
Your price is 40.9% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 127 Sloan Avenue, Ashland, OH 44805 | $163,500 | 1,146 | 3 | 1 | $14322.0% | 11/8/2024 |
| 127 Sloan Avenue, Ashland, OH 44805 | $163,500 | 1,146 | 3 | 1 | $14322.0% | 11/6/2024 |
| 1123 Cleveland Ave, Ashland, OH 44805 | $89,000 | 1,350 | 3 | 1 | $6643.6% | 8/13/2024 |
| 109 Banning Ave., Ashland, OH 44805 | $41,500 | 1,372 | 2 | 1 | $3074.1% | 8/13/2024 |
| 319 E Liberty St, Ashland, OH 44805 | $65,000 | 1,392 | 3 | 1 | $4760.1% | 8/13/2024 |
| 108 East Liberty Street, Ashland, OH 44805 | $100,000 | 1,398 | 3 | 1 | $7238.8% | 8/13/2024 |
127 Sloan Avenue, Ashland, OH 44805
Price: $163,500
Sq.Ft: 1,146
Beds/Baths: 3/1
$/Sq.Ft:
$14322.0%
Sale Date: 11/8/2024
127 Sloan Avenue, Ashland, OH 44805
Price: $163,500
Sq.Ft: 1,146
Beds/Baths: 3/1
$/Sq.Ft:
$14322.0%
Sale Date: 11/6/2024
1123 Cleveland Ave, Ashland, OH 44805
Price: $89,000
Sq.Ft: 1,350
Beds/Baths: 3/1
$/Sq.Ft:
$6643.6%
Sale Date: 8/13/2024
109 Banning Ave., Ashland, OH 44805
Price: $41,500
Sq.Ft: 1,372
Beds/Baths: 2/1
$/Sq.Ft:
$3074.1%
Sale Date: 8/13/2024
319 E Liberty St, Ashland, OH 44805
Price: $65,000
Sq.Ft: 1,392
Beds/Baths: 3/1
$/Sq.Ft:
$4760.1%
Sale Date: 8/13/2024
108 East Liberty Street, Ashland, OH 44805
Price: $100,000
Sq.Ft: 1,398
Beds/Baths: 3/1
$/Sq.Ft:
$7238.8%
Sale Date: 8/13/2024
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