Score
0Decatur, GA
3312 Erin Cir
270K
3 beds
3 baths
1,786 sqft
3 bd • 3 ba • 1,786 sf
Educational Use Only — NOT an appraisal or professional advice. — NOT professional advice. See terms
List Price
$270,000
Price/Sq.Ft
$151
Year Built
2008
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Desirable Location: The condo is located in the desirable North Village neighborhood, with easy access to Downtown Decatur and Avondale Estates. This provides convenient access to amenities, restaurants, and entertainment.
• Spacious Layout: At 1,786 sqft, the condo offers a comfortable living space, especially considering the average rental rate for a 3-bedroom unit in 2023 was $1,890. The open-concept design enhances the sense of space.
• Craftsman Detailing: The property features high ceilings and craftsman detailing, adding architectural interest and appeal. This is a sought-after style in the Decatur area.
• Private Yard: The fenced-in yard backing up to mature trees provides a private outdoor space, a valuable feature for condo living.
• Included Appliances: The seller is including a refrigerator, washer, and dryer, reducing the initial moving expenses for the buyer.
The Bad
• Low School Ratings: The assigned schools have low ratings (Peachcrest Elementary 3/10, Bethune Middle 3/10, Towers High 1/10), which may deter families with school-aged children. This could also impact resale value.
• Air Quality and Heat Risks: The property has major air quality (5/10) and heat risks (5/10), with 6 bad air days and 7 hot days annually. This could lead to higher utility bills and health concerns.
• Limited Information on HOA: The listing lacks details about HOA fees and regulations, which can significantly impact monthly costs and property usage. This is a critical piece of information that needs to be obtained.
• Days on Market: 31 days on the market is slightly above average for a hot market like Decatur. This could indicate pricing issues or other concerns that need to be investigated.
• Price Reductions: The property has undergone two price reductions in the past month (2.7% and 4.3%), suggesting the initial pricing was too high or there may be underlying issues deterring buyers.
The Ugly
• Limited Appreciation Potential: The property sold for $175,000 in 2008 and is now listed at $270,000. This represents a roughly 54% increase over 17 years, which is below the average appreciation rate for the Decatur area during that time.
• High Air Quality Risk: A major air quality risk (5/10) could lead to health issues and impact the enjoyment of outdoor spaces. Addressing this may require investing in air purifiers and limiting outdoor activities on bad air days.
• Low School Ratings Impact: The low school ratings could significantly impact resale value and limit the pool of potential buyers, particularly families with children. This is a major concern in Decatur, where school quality is a key factor in property values.
• Competition from Newer Construction: While the craftsman style is appealing, newer condo developments in Decatur may offer more modern amenities and energy-efficient features, posing competition to this property.
• Potential for Hidden Maintenance Issues: As a 16-year-old condo, there's a higher risk of encountering unexpected maintenance issues, such as plumbing or electrical problems, which could lead to significant repair costs.
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
• Buyers seeking a move-in ready home near Downtown Decatur and Avondale Estates: The property's location offers convenient access to local amenities and major highways.
• Individuals or small families who appreciate craftsman-style detailing and an open-concept living space: The townhome's design provides a seamless flow between living, dining, and kitchen areas.
• Those who value privacy and nature: The unit is nestled in a private part of the neighborhood, backing up to mature trees and offering a fenced yard.
• Buyers looking for a property with included appliances: The seller is including a refrigerator, washer, and dryer, reducing initial moving expenses.
• Buyers who prefer properties with low flood and fire risk: The property has minimal flood and fire risks (1/10), reducing insurance concerns.
Not For
• Buyers highly sensitive to air quality: The air quality risk is rated as major (5/10), with 6 bad air days per year.
• Families prioritizing highly-rated public schools: The assigned schools have low ratings (1-3/10), which may be a concern for some families.
• Buyers seeking a very low-maintenance property: As an older condo (built in 2008), there may be potential maintenance issues associated with an aging building.
• Those who prefer areas with lower crime rates: While specific crime data is not provided, it's advisable to research local crime statistics to ensure comfort with the neighborhood's safety profile.
• Buyers who need lots of storage space: Although the bedrooms have plenty of closet space, the overall storage capacity of the condo may be limited compared to larger single-family homes.
Demographics
Area Median Income
$45,436
Property History
Price History
Ownership Timeline
$175,000Financed
Sep 30, 2008North Village Partners LlcJoy A Hebert
Grant Deed
Subdivision Related Transfer
Property Taxes
$2,593
2023 Tax Assessment
4.6%from previous year
Assessed Value$108,320
Tax Rate2.39%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
1.0/10
Below AverageMiddle
2.0/10
Below AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$270,000
Price/sqft
$151
Layout
3 bd•3 ba
Days on market
29 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$369,083
26.8%
Your price is 26.8% below average
Median Price
$360,000
25.0%
Based on 6 recent sales
Price per Sq.Ft
$225
32.8%
Your price is 32.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1318 Glen Forest Way, Decatur, GA 30032 | $320,000 | 1,694 | 4 | 3 | $18925.0% | 10/17/2024 |
| 1318 Glen Forest Way, Decatur, GA 30032 | $320,000 | 1,694 | 4 | 3 | $18925.0% | 10/17/2024 |
| 3422 Maplehurst Drive, Decatur, GA 30032 | $222,000 | 1,588 | 4 | 3 | $1407.5% | 9/20/2024 |
| 1097 Chatsworth Drive, Avondale Estates, GA 30002 | $632,500 | 1,820 | 3 | 2 | $348129.9% | 12/13/2024 |
| 681 Farrar Court, Decatur, GA 30032 | $360,000 | 1,476 | 3 | 2 | $24461.3% | 12/17/2024 |
| 681 Farrar Court, Decatur, GA 30032 | $360,000 | 1,476 | 3 | 2 | $24461.3% | 12/17/2024 |
1318 Glen Forest Way, Decatur, GA 30032
Price: $320,000
Sq.Ft: 1,694
Beds/Baths: 4/3
$/Sq.Ft:
$18925.0%
Sale Date: 10/17/2024
1318 Glen Forest Way, Decatur, GA 30032
Price: $320,000
Sq.Ft: 1,694
Beds/Baths: 4/3
$/Sq.Ft:
$18925.0%
Sale Date: 10/17/2024
3422 Maplehurst Drive, Decatur, GA 30032
Price: $222,000
Sq.Ft: 1,588
Beds/Baths: 4/3
$/Sq.Ft:
$1407.5%
Sale Date: 9/20/2024
1097 Chatsworth Drive, Avondale Estates, GA 30002
Price: $632,500
Sq.Ft: 1,820
Beds/Baths: 3/2
$/Sq.Ft:
$348129.9%
Sale Date: 12/13/2024
681 Farrar Court, Decatur, GA 30032
Price: $360,000
Sq.Ft: 1,476
Beds/Baths: 3/2
$/Sq.Ft:
$24461.3%
Sale Date: 12/17/2024
681 Farrar Court, Decatur, GA 30032
Price: $360,000
Sq.Ft: 1,476
Beds/Baths: 3/2
$/Sq.Ft:
$24461.3%
Sale Date: 12/17/2024
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