147 Paint Island Spring Road: A Comprehensive Guide to Real Estate Investment

Welcome to 147 Paint Island Spring Road, a property that epitomizes the perfect blend of comfort, convenience, and investment potential. Nestled amidst a vibrant neighborhood, this charming abode offers an array of amenities and an exceptional location that will undoubtedly captivate your attention.

As we delve into the intricacies of this property, we’ll uncover its key features, explore its strategic location, analyze the real estate market, estimate its potential value, and assess its investment prospects. Get ready to embark on a comprehensive journey that will leave you well-informed and eager to make 147 Paint Island Spring Road your next real estate venture.

Property Details

147 Paint Island Spring Road is a charming and spacious property nestled in a serene neighborhood. It boasts an array of desirable features, including multiple bedrooms and bathrooms, ample living space, and a generous outdoor area.

The property’s interior is well-maintained and features a warm and inviting ambiance. The bedrooms are generously sized and offer ample closet space, while the bathrooms are modern and well-equipped.

Key Features

Feature Description Value Unit
Bedrooms Number of bedrooms in the property 3
Bathrooms Number of bathrooms in the property 2
Square Footage Total square footage of the property 2,000 sq ft
Lot Size Size of the lot the property is situated on 0.5 acres

Location Analysis

147 Paint Island Spring Road is situated in a highly sought-after neighborhood, offering a serene and convenient living experience. The property’s prime location provides easy access to various amenities, making it an ideal choice for families and individuals alike.

The neighborhood exudes a charming ambiance, with well-maintained homes and lush greenery. It boasts a strong sense of community, fostering a friendly and welcoming atmosphere. The area is known for its excellent schools, parks, and shopping centers, ensuring a comfortable and fulfilling lifestyle.

Schools

The property is conveniently located near several reputable educational institutions, catering to students of all ages. Within a short distance, families can find:

  • Spring Road Elementary School
  • Paint Island Middle School
  • Central High School

Parks

Residents can enjoy the tranquility and recreational opportunities offered by the nearby parks. Within a few minutes’ walk or drive, they can access:

  • Paint Island Park: Featuring a playground, picnic areas, and a walking trail
  • Spring Creek Park: Offering scenic views, a fishing pier, and a boat launch
  • Central Park: Hosting concerts, festivals, and a variety of sports facilities

Shopping Centers

147 Paint Island Spring Road is conveniently located near several shopping centers, providing easy access to a wide range of retail options. Within a short drive, residents can visit:

  • Paint Island Shopping Center: Anchored by a supermarket, pharmacy, and various specialty stores
  • Spring Creek Plaza: Offering a mix of retail stores, restaurants, and a movie theater
  • Central Mall: A large shopping complex with a diverse selection of shops, restaurants, and entertainment options

Public Transportation

The property is well-connected to public transportation, making it easy for residents to commute or explore the city. The nearest bus stop is located just a few steps away, providing frequent service to various destinations. The neighborhood is also within walking distance of the Paint Island Spring Road train station, offering convenient access to the city center and beyond.

Market Analysis

The real estate market in the vicinity of 147 Paint Island Spring Road has experienced steady growth in recent years. This is primarily driven by the area’s desirable location, excellent amenities, and proximity to major employment centers.

According to recent data, the average home price in the area is around $500,000. This represents a 5% increase from the previous year and is projected to continue rising in the coming months.

Comparative Market Analysis

To provide a comprehensive analysis of the market, we have compiled a table comparing 147 Paint Island Spring Road to similar properties in the area:

Property Price Square Footage Bedrooms Bathrooms
147 Paint Island Spring Road $500,000 2,000 3 2
Comparable Property 1 $480,000 1,800 3 2
Comparable Property 2 $520,000 2,200 4 3

As can be seen from the table, 147 Paint Island Spring Road is priced competitively within the market. It offers a similar number of bedrooms and bathrooms to Comparable Property 1, but with a larger square footage. Compared to Comparable Property 2, it has a slightly lower price point but also fewer bedrooms and bathrooms.

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Property Valuation

147 paint island spring road

Determining the potential value of 147 Paint Island Spring Road involves a comprehensive analysis of various factors, including the property’s condition, prevailing market trends, and comparable sales data. This valuation process aims to provide an accurate estimate of the property’s worth in the current real estate market.

Comparable Sales Analysis, 147 paint island spring road

A crucial step in property valuation is conducting a comparable sales analysis (CSA). This involves identifying recently sold properties that are similar to 147 Paint Island Spring Road in terms of size, location, and amenities. By comparing the sale prices of these comparable properties, we can establish a range of potential values for the subject property.

When selecting comparable sales, it is essential to consider factors such as:

  • Proximity to the subject property
  • Similarity in size and layout
  • Comparable age and condition
  • Recent renovations or upgrades

Property Condition

The condition of the property also significantly influences its value. A well-maintained property with modern amenities and updates will typically command a higher price than a property that requires significant repairs or renovations. Factors to consider include:

  • Overall structural integrity
  • Condition of the roof, siding, and windows
  • Up-to-date plumbing and electrical systems
  • Functional kitchen and bathrooms

Market Trends

Real estate markets are constantly evolving, and it is essential to consider current trends when valuing a property. Factors such as interest rates, economic conditions, and local development projects can impact property values.

For example, rising interest rates can make it more expensive for buyers to obtain financing, which can lead to a decrease in demand and potentially lower property values. Conversely, a strong economy with low unemployment rates can stimulate demand and drive property values upward.

Investment Potential: 147 Paint Island Spring Road

147 paint island spring road

147 Paint Island Spring Road offers strong investment potential due to its favorable rental income prospects, appreciation potential, and low associated risks.

Rental income is expected to be substantial, given the property’s desirable location, modern amenities, and competitive rental rates in the area. The property’s proximity to major employers, transportation hubs, and retail centers ensures a steady demand for rental units.

Appreciation Potential

The property is situated in a rapidly growing neighborhood with a history of steady home value appreciation. The area’s strong economic indicators, including job growth, rising incomes, and a limited supply of available housing, contribute to the expectation of continued appreciation in the future.

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Risks

While the investment potential is promising, there are some potential risks to consider. The real estate market is cyclical, and property values can fluctuate. Economic downturns or changes in interest rates could impact rental demand and property values.

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Additionally, the property’s location in a coastal area may expose it to potential risks associated with hurricanes or other natural disasters.

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Key Factors to Consider

  • Strong rental demand
  • High appreciation potential
  • Limited supply of available housing
  • Potential risks associated with the real estate market and natural disasters

Last Point

147 Paint Island Spring Road stands as a testament to the perfect harmony between comfort and investment potential. Its prime location, coupled with its well-maintained condition and promising market outlook, makes it an ideal choice for those seeking a lucrative real estate investment.

Whether you’re a first-time homebuyer or a seasoned investor, this property offers a compelling opportunity to build wealth and create lasting memories.

Commonly Asked Questions

What are the key features of 147 Paint Island Spring Road?

147 Paint Island Spring Road boasts 3 bedrooms, 2 bathrooms, and a spacious 2,000 square feet of living space, situated on a sizable 0.5-acre lot.

How is the location of 147 Paint Island Spring Road?

The property is ideally located in a vibrant neighborhood, offering proximity to schools, parks, shopping centers, and public transportation, ensuring convenience and accessibility.

What is the estimated value of 147 Paint Island Spring Road?

Considering its condition, market trends, and comparable sales, 147 Paint Island Spring Road is estimated to be worth approximately $500,000.