keepup
501 Grove Avenue
Score
69
Patchogue, NY

501 Grove Avenue

843K
3 bd • 2 ba • 1,600 sf

Educational Use Only — NOT professional advice. See terms

Property Overview

List Price
$842,500
+47%vs 11772
Price/Sq.Ft
$527
+35%vs 11772

Price Analysis

How the list price compares to AI estimate

within range

List Price

$842,500

$825k
$875k
AI Estimated Range
$842,500
-20% Below+20% Above

AI estimates this property's value between $825,000 - $875,000 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

$825,000

Targets the lower end of recent sale outcomes observed between $825,000 and $875,000.

How This Was Calculated

The offer reflects the fair market value adjusted for necessary repairs and considers the seller's likely motivation due to extended DOM. The strategy leverages data on repairs and market conditions to present a compelling 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
69
68
Home Condition
75
Natural Light
71
Market Data
68
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

Cracked Driveway
Cracked Driveway

Cracked Driveway

The asphalt driveway shows signs of cracking and wear, suggesting it may need resurfacing or replacement.

Overgrown Landscaping
Overgrown Landscaping

Overgrown Landscaping

The landscaping is overgrown and unkempt, detracting from the property's curb appeal.

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

Sep
2024
$842,500Financed
September 18, 2024
From:Susan Erickson Est, Samantha Pavelchak
To:Stanley M Che-Chang
Executors Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$842,500
-30%List: $842,500+30%
20%
$168,500of $842,500
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $3,539/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$224,586
Closing Costs
+$56,086
Down Payment
$168,500
Buyer Agent Fee
$21,484
Loan Fees
$6,740
Title & Escrow
$5,056
Inspections
$900
Transfer Tax
$9,268
Prepaid Expenses
$12,638

* 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
266 days
vs 34 day average
This home has been listed for 266 days, while homes in this area typically sell in 34 days
Inventory Health
69
homes for sale
29 homes sold last month, indicating 2.4x more supply than demand
Price Dynamics
101.9%
of asking price
Homes typically sell for 1.9% 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

$578,750
Current median price
+9.0%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests stability
Prices are down 0.0% over the last 3 months
3 Months
0.0%
6 Months
+4.8%
1 Year
+9.0%

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

Days on market increasing 10.0% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$578,750
3 Months Ago
$362,500
+59.7%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$842,500
Price/sqft
$527
Layout
3 bd2 ba
Days on market
266 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$542,000

55.4%

Your price is 55.4% above average

Median Price

$552,000

52.6%

Based on 6 recent sales

Price per Sq.Ft

$332

58.6%

Your price is 58.6% above average $/sqft

Comparable Properties

26 Wiggins Avenue, Patchogue, NY 11772
Price: $530,000
Sq.Ft: 1,545
Beds/Baths: 3/2
$/Sq.Ft:
$34334.9%
Sale Date: 7/14/2025
11 Marvin Street, Patchogue, NY 11772
Price: $552,000
Sq.Ft: 1,743
Beds/Baths: 3/2
$/Sq.Ft:
$31739.9%
Sale Date: 7/11/2025
18 Carman Street, Patchogue, NY 11772
Price: $600,000
Sq.Ft: 1,648
Beds/Baths: 2/2
$/Sq.Ft:
$36430.9%
Sale Date: 6/18/2025
204 Bay Avenue, Patchogue, NY 11772
Price: $680,000
Sq.Ft: 1,576
Beds/Baths: 3/2
$/Sq.Ft:
$43118.1%
Sale Date: 4/25/2025
9 Clifton Drive, Patchogue, NY 11772
Price: $340,000
Sq.Ft: 1,900
Beds/Baths: 4/2
$/Sq.Ft:
$17966.0%
Sale Date: 6/2/2025
59 Carman Street, Patchogue, NY 11772
Price: $550,000
Sq.Ft: 1,538
Beds/Baths: 3/2
$/Sq.Ft:
$35832.1%
Sale Date: 4/8/2025

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 1 major, and 3 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 bulkhead along the 103 feet of waterfront for signs of damage, erosion, or instability. Pay close attention to the joints and connections.

Thoroughly inspect the roof for any signs of leaks, damage, or wear, especially around vents, chimneys, and flashing. Check for missing or damaged shingles.

Educational Questions

Sample questions for educational purposes

Can you provide documentation regarding the last time the bulkhead was inspected and any repairs or maintenance that have been performed?

When was the roof last replaced, and is there any warranty information available? Has the roof been inspected recently?

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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