keepup
4229 Cedar Lake Rd
Score
62
Chelsea, MI

4229 Cedar Lake Rd

579K
4 bd • 3 ba • 2,609 sf

Educational Use Only — NOT professional advice. See terms

Property Overview

List Price
$579,100
+66%vs 48118
Price/Sq.Ft
$222
+14%vs 48118

Price Analysis

How the list price compares to AI estimate

1.6% above

List Price

$579,100

$540k
$570k
AI Estimated Range
$579,100
-20% Below+20% Above

AI estimates this property's value between $540,000 - $570,000 based on comparable sales and condition (Confidence: 85%). Educational analysis only, not a professional appraisal or valuation.

Market Data Points

3 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

Offer Analysis

AI-generated starting point for educational purposes

Data Coverage: High

AI Suggested Starting Point

$560,000

Lands near the middle of recent sale outcomes observed between $540,000 and $570,000.

How This Was Calculated

Reflects fair market value adjusted for necessary repairs and market conditions. Seller motivation due to DOM and market trends supports the offer.

AI-generated educational analysis. Not professional advice, an appraisal, or a recommended offer. Consult licensed agents and attorneys for negotiation strategies.

AI Analysis Score
63
75
Home Condition
75
Natural Light
47
Market Data
⚠️ Limited data
72
Location

*AI scoring for educational purposes only. Scores are subjective and not professional evaluations. Consult licensed professionals for property assessments.*

Limited Market Data Available

We recommend obtaining a professional appraisal from a licensed appraiser for an accurate property valuation.

Visual Insights

AI-analyzed spaces with reimagining capabilities

Dated Wood Trim
Dated Wood Trim

Dated Wood Trim

The wood trim around the windows and doors throughout the house appears dated and could benefit from being updated.

Laminate Flooring
Laminate Flooring

Laminate Flooring

The laminate flooring throughout the house is functional but lacks the appeal and value of hardwood floors.

Dated Laundry Room
Dated Laundry Room

Dated Laundry Room

The laundry room has dated flooring and basic fixtures.

Aging Deck
Aging Deck

Aging Deck

The deck appears to be aging and could benefit from refinishing or replacement to ensure safety and longevity.

Outdated Bathroom Fixtures
Outdated Bathroom Fixtures

Outdated Bathroom Fixtures

The bathroom has an older vanity and flooring.

Garage Floor
Garage Floor

Garage Floor

The garage has a basic concrete floor that shows wear and staining.

Unfinished Garage Walls
Unfinished Garage Walls

Unfinished Garage Walls

The outbuilding/garage has unfinished plywood walls, which are not aesthetically pleasing and offer minimal insulation.

Weathered Deck
Weathered Deck

Weathered Deck

The deck appears weathered and the wood is showing signs of wear. The stain is faded and there are visible cracks.

Unfinished Basement
Unfinished Basement

Unfinished Basement

The basement is unfinished with exposed ceiling and basic flooring.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Apr
2019
$342,000Financed
April 24, 2019
From:Peggy Liggit
To:Matthew R Alter, Rebecca M Alter
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$579,100
-30%List: $579,100+30%
20%
$115,820of $579,100
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year, HOA: $17/month

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$154,652
Closing Costs
+$38,832
Down Payment
$115,820
Buyer Agent Fee
$14,767
Loan Fees
$4,633
Title & Escrow
$3,475
Inspections
$900
Transfer Tax
$6,370
Prepaid Expenses
$8,687

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
0 days
vs 32 day average
This is a new listing, while homes in this area typically sell in 32 days
Inventory Health
31
homes for sale
12 homes sold last month, indicating 2.6x more supply than demand
Price Dynamics
101.1%
of asking price
Homes typically sell for 1.1% above asking price

*Market analysis for educational purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$460,000
Current median price
-20.5%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests strong growth
Prices are up 7.9% over the last 3 months
3 Months
+7.9%
6 Months
+9.0%
1 Year
-20.5%

Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 88.1% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$460,000
3 Months Ago
$240,000
+91.7%

Schools

Nearby school quality by education level

Middle

9.0/10
Excellent

High

10.0/10
Excellent

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 1 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Inspect the pole barn's electrical panel and wiring for proper grounding and any signs of amateur work.

Thoroughly inspect the solar panel array for any visible damage, loose connections, or signs of wear and tear.

Inspect the deck thoroughly for signs of rot, insect damage, loose railings, and unstable support posts.

Inspect the basement for any signs of moisture, mold, or water damage, especially around the foundation walls.

Educational Questions

Sample questions for educational purposes

Can you provide documentation for the solar panel system, including its installation date, warranty information, and any performance guarantees?

What is the average monthly cost of electricity after the installation of the solar panels?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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