keepup
453 S Chestnut St
Score
57
Ravenna, OH

453 S Chestnut St

55K
4 bd • 1 ba • 1,519 sf

Educational Use Only — NOT professional advice. See terms

Property Overview

List Price
$55,000
+53%vs 44266
Price/Sq.Ft
$36
-29%vs 44266

Price Analysis

How the list price compares to AI estimate

37.5% above

List Price

$55,000

$30k
$40k
AI Estimated Range
$55,000
-20% Below+20% Above

AI estimates this property's value between $30,000 - $40,000 based on comparable sales and condition (Confidence: 45%). 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: Moderate

AI Suggested Starting Point

$35,000

Lands near the middle of recent sale outcomes observed between $30,000 and $40,000.

How This Was Calculated

The offer reflects the property's poor condition, necessary renovations, and market trends. The moderate success probability considers the seller's potential motivation given the property's history and current market conditions.

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

AI Analysis Score
57
45
Home Condition
65
Natural Light
64
Market Data
58
Location

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

Visual Insights

AI-analyzed spaces with reimagining capabilities

Peeling Paint
Peeling Paint

Peeling Paint

Extensive peeling paint on the exterior siding indicates significant deferred maintenance and potential wood rot.

Deteriorated Shower
Deteriorated Shower

Deteriorated Shower

The shower stall is in poor condition with visible damage and outdated fixtures, requiring a complete replacement.

Exposed Ceiling Joists
Exposed Ceiling Joists

Exposed Ceiling Joists

The ceiling is open, exposing the joists and insulation, indicating ongoing demolition or significant damage.

Exposed Wall Framing
Exposed Wall Framing

Exposed Wall Framing

The walls are partially demolished, exposing the framing and lath, suggesting a major renovation is needed.

Outdated Kitchen Appliances
Outdated Kitchen Appliances

Outdated Kitchen Appliances

The kitchen features old, basic appliances that are likely inefficient and near the end of their lifespan.

Damaged Flooring
Damaged Flooring

Damaged Flooring

The hardwood floors are heavily worn and damaged, requiring refinishing or replacement.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$133,000

Exterior Paint and Wood Repair

$15,000
High

Complete Interior Renovation

$100,000
High

Bathroom Renovation

$10,000
High

Flooring Replacement

$8,000
High

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

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$55,000
-30%List: $55,000+30%
20%
$11,000of $55,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $231/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$15,503
Closing Costs
+$4,503
Down Payment
$11,000
Buyer Agent Fee
$1,403
Loan Fees
$440
Title & Escrow
$330
Inspections
$900
Transfer Tax
$605
Prepaid Expenses
$825

* 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
2 days
vs 127 day average
This home has been listed for 2 days, while homes in this area typically sell in 127 days
Inventory Health
2
homes for sale
3 homes sold last month, indicating demand exceeds supply
Price Dynamics
91.6%
of asking price
Homes typically sell for 8.4% below asking price

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

Price Trajectory

$197,500
Current median price
-92.0%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests softening
Prices are down 3.6% over the last 3 months
3 Months
-3.6%
6 Months
-0.9%
1 Year
-92.0%

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

Home sales increasing 70.9% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$197,500
3 Months Ago
$150,000
+31.7%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$55,000
Price/sqft
$36
Layout
4 bd1 ba
Days on market
2 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$152,283

63.9%

Your price is 63.9% below average

Median Price

$174,000

68.4%

Based on 6 recent sales

Price per Sq.Ft

$109

66.8%

Your price is 66.8% below average $/sqft

Comparable Properties

164 E Highland Avenue, Ravenna, OH 44266
Price: $115,000
Sq.Ft: 1,368
Beds/Baths: 3/1
$/Sq.Ft:
$84132.2%
Sale Date: 6/13/2025
634 S Chestnut Street, Ravenna, OH 44266
Price: $92,700
Sq.Ft: 1,760
Beds/Baths: 3/1
$/Sq.Ft:
$5345.5%
Sale Date: 6/26/2025
1061 Williams Avenue, Ravenna, OH 44266
Price: $180,000
Sq.Ft: 1,305
Beds/Baths: 4/1
$/Sq.Ft:
$138280.9%
Sale Date: 6/19/2025
423 Lincoln Street, Ravenna, OH 44266
Price: $174,000
Sq.Ft: 1,290
Beds/Baths: 3/1
$/Sq.Ft:
$135272.5%
Sale Date: 6/17/2025
1068 Mechanic Avenue, Ravenna, OH 44266
Price: $154,000
Sq.Ft: 1,543
Beds/Baths: 4/1
$/Sq.Ft:
$100175.6%
Sale Date: 4/12/2025
1065 S Diamond Street, Ravenna, OH 44266
Price: $198,000
Sq.Ft: 1,368
Beds/Baths: 3/1
$/Sq.Ft:
$145299.7%
Sale Date: 4/2/2025

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Low Climate Risk

This property has minimal climate-related risks

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

Thoroughly inspect all exposed wood framing for signs of rot, insect damage, or water stains.

Check the foundation for cracks, settling, or water intrusion.

Check the basement or crawl space for signs of moisture, mold, or pests.

Take photos of all areas of concern, including any damage, defects, or potential problems.

Educational Questions

Sample questions for educational purposes

Can you provide a detailed scope of the remodeling work that was started and then abandoned by the previous owner? What permits were pulled, and are they still active or were they closed out?

Are there any known structural issues with the property, especially considering the exposed framing and potential water damage mentioned in the property condition analysis?

Why was the property listed for $89,900 in August 2025 and then reduced to $55,000 in September 2025? What changed in that short period?

What is the history of water intrusion or flooding in the basement or crawl space, if any?

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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