When evaluating the price of a property such as 234 Deschane Pl, Green Bay, WI 54302, several factors must be taken into account. Understanding the elements that contribute to the price will help you better estimate the value. Here, we’ll discuss the key factors influencing property pricing and provide a comprehensive overview of how you can estimate the price of this specific property.
1. Location and Neighborhood
- Green Bay, WI is a desirable area known for its family-friendly environment, amenities, and proximity to key locations such as schools, shopping centers, and public parks. The specific neighborhood surrounding Deschane Pl will impact the price, as properties located in well-established, safe, and accessible areas tend to have higher values.
- The current real estate trends in the 54302 zip code, which includes Deschane Pl, show moderate to high demand. As a part of a suburban neighborhood, properties here often attract families and working professionals, which can lead to competitive pricing.
2. Property Size and Layout
- The square footage of 234 Deschane Pl plays a critical role in determining its price. Larger homes or lots tend to carry higher prices due to the additional living space and potential for future developments, such as expansions or outdoor improvements.
- The layout of the home, including the number of bedrooms, bathrooms, and overall design, can significantly influence its value. Properties with modern and spacious layouts, especially open-floor plans, tend to be valued higher than those with outdated or cramped designs.
3. Condition of the Property
- The condition of the home at 234 Deschane Pl is one of the most important aspects of pricing. Homes that have been recently renovated, updated with modern features, and well-maintained generally have a higher market value. On the other hand, homes that require significant repairs or updates may see a lower price due to the costs that buyers would need to incur to bring the property up to current standards.
- Key features such as a new roof, updated HVAC system, modern kitchen appliances, and well-kept landscaping can add substantial value to the home.
4. Comparable Sales in the Area (Comps)
- Looking at recent comparable sales (comps) in the 54302 zip code will provide a clear indication of the estimated market value. Properties with similar square footage, features, and conditions that have sold recently will give a good idea of what buyers are willing to pay for a home like 234 Deschane Pl.
- Real estate websites or a local real estate agent can provide detailed information on these comps, showing average sales prices in the neighborhood over the past few months.
5. Market Trends in Green Bay
- The real estate market trends in Green Bay and the specific area around Deschane Pl influence the current property prices. In a seller’s market, where demand exceeds supply, prices tend to rise. Conversely, a buyer’s market with a higher supply of homes may result in lower prices.
- Checking the overall market trends, such as the median home price in Green Bay and any seasonal fluctuations, can help refine your price estimate.
6. Additional Factors
- Taxes and Fees: Property taxes in Green Bay, as well as any homeowner association fees (if applicable), should also be considered when estimating the overall cost of owning the property. High taxes can sometimes negatively affect the sale price.
- Amenities and Features: Special amenities such as a finished basement, garage, outdoor pool, or landscaped garden will contribute to the overall value. Homes with additional features that cater to luxury or convenience often see an increase in price.
7. Professional Appraisal
- For the most accurate estimate of the property price at 234 Deschane Pl, a professional appraisal is highly recommended. Licensed appraisers can assess the property based on all the factors mentioned above and provide a detailed valuation.
Conclusion
Estimating the price of 234 Deschane Pl, Green Bay, WI 54302 involves analyzing a range of factors from the property’s condition and size to local market trends and comparable sales. A rough estimate based on these considerations may range from $200,000 to $350,000, depending on the specific details of the property and the current market conditions. For a precise value, it’s advisable to consult with a local real estate expert or get a professional appraisal.
