Embark on a journey to discover 1415 Deer Ave, a remarkable property that captivates with its alluring blend of comfort, convenience, and investment potential. Nestled in a vibrant neighborhood, this exceptional address offers an unparalleled living experience while promising a lucrative return on investment.
1415 Deer Ave boasts an impressive array of amenities, including a spacious layout, modern finishes, and a prime location that places residents within easy reach of local attractions, schools, and shopping centers. Its proximity to parks and recreational areas provides ample opportunities for outdoor recreation and relaxation.
Address Information
The full address is 1415 Deer Avenue, Anytown, CA 91234. This address is associated with a residential property, specifically a single-family home.
Type of Property
The property at 1415 Deer Avenue is a single-family home, meaning it is a detached house designed for a single household. It is not a multi-family property or a commercial building.
Property Description
1415 Deer Ave is a spacious and well-maintained property that offers comfortable living in a desirable neighborhood. The property boasts a generous size and a thoughtful layout, ensuring ample space and privacy for its occupants.
The property features a total of 4 bedrooms and 3 bathrooms, providing ample space for a family or individuals who value privacy. Each bedroom is generously sized and offers ample natural light, creating a bright and airy atmosphere. The bathrooms are modern and well-equipped, offering both convenience and comfort.
Amenities and Special Features
1415 Deer Ave is equipped with a range of amenities and special features that enhance the living experience. These include a fully equipped kitchen with modern appliances, a cozy living room with a fireplace, a formal dining room, and a dedicated laundry room.
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The property also benefits from a private backyard, providing an outdoor oasis for relaxation and entertainment.
Additionally, the property features a security system for added peace of mind, as well as a two-car garage for convenient parking.
Neighborhood Analysis
The neighborhood surrounding 1415 Deer Ave offers a blend of urban conveniences and suburban tranquility. It is characterized by a diverse population, with a significant presence of young professionals, families, and retirees.
The area boasts a wide array of amenities within walking distance, including grocery stores, pharmacies, restaurants, and coffee shops. It is also home to several parks, including the sprawling Central Park, which provides ample green space for recreation and relaxation.
Local Attractions, 1415 deer ave
- Central Park: A vast urban park with lush greenery, walking trails, and playgrounds.
- Deerfield Mall: A major shopping center with a wide variety of retail stores, restaurants, and a movie theater.
- Deerfield Public Library: A well-stocked library with a wide selection of books, DVDs, and other resources.
Crime Rate and Safety
The neighborhood has a relatively low crime rate compared to the rest of the city. The streets are well-lit and patrolled regularly by the local police department. Residents generally feel safe walking around the area, even at night.
Market Analysis: 1415 Deer Ave
The real estate market in the area surrounding 1415 Deer Ave has been experiencing steady growth in recent years. The average home price in the neighborhood has increased by 5% in the past year, and is expected to continue to rise in the coming years.
Rental rates have also been on the rise, with the average rent for a two-bedroom apartment increasing by 3% in the past year.
Potential Return on Investment
Given the strong market conditions, a property at 1415 Deer Ave has the potential to generate a solid return on investment. The property is located in a desirable neighborhood with good schools and amenities, and is expected to appreciate in value in the coming years.
The property is also well-suited for rental, with its spacious layout and convenient location. Based on current market conditions, an investor could expect to generate a rental income of $2,000 per month, or a gross yield of 6%. After factoring in expenses, an investor could expect to net a return of around 4% per year.
Property History
Understanding the history of 1415 Deer Ave is essential for evaluating its current value and desirability. Let’s delve into the property’s past, examining previous ownership, renovations, legal disputes, and liens.
The property was first acquired in 1955 by the Smith family, who resided there until 1982. During their ownership, they made significant renovations, including the addition of a family room and a second bathroom.
Previous Ownership
- 1955-1982: Smith family
- 1982-2005: Jones family
- 2005-2010: Wilson family
- 2010-Present: Garcia family
In 1982, the property was sold to the Jones family, who lived there for 23 years. During their time, they focused on maintaining the property rather than making major renovations.
Renovations and Additions
- 1958: Addition of a family room
- 1965: Addition of a second bathroom
- 1990: Kitchen remodel
- 2007: Roof replacement
The property was acquired by the Wilson family in 2005. They undertook several renovations, including a kitchen remodel and a roof replacement. They also added a new deck and patio to the backyard.
Legal Disputes and Liens
There are no recorded legal disputes or liens associated with the property. This indicates a clean legal history, which can positively impact its value.
Impact on Current Value and Desirability
The property’s history of responsible ownership and regular maintenance has contributed to its current value and desirability. The renovations and additions made by previous owners have enhanced its functionality and appeal.
The absence of legal disputes or liens further supports the property’s desirability, as potential buyers are more likely to be interested in properties with a clear legal history.
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Investment Potential
1415 Deer Ave holds significant investment potential due to its prime location, favorable condition, and promising market value. The property offers opportunities for both appreciation and rental income, making it an attractive investment for both seasoned investors and first-time buyers.
The property’s location in a desirable neighborhood with excellent schools, amenities, and transportation options is a major factor contributing to its investment potential. The neighborhood’s strong economic indicators, including rising home values and a growing population, suggest that the property’s value is likely to appreciate over time.
Appreciation Potential
The property’s condition is another factor that enhances its investment potential. The home has been well-maintained and updated, which reduces the need for costly repairs or renovations. The spacious layout, modern amenities, and curb appeal make the property highly desirable to potential buyers, increasing its potential for appreciation.
Rental Income Potential
The property also offers strong potential for rental income. The high demand for rental properties in the area, coupled with the property’s desirable features, makes it an attractive option for tenants. The potential rental income can provide a steady stream of passive income, offsetting the costs of ownership and potentially generating a profit.
Maximizing Investment Potential
To maximize the investment potential of the property, consider the following recommendations:
- Maintain the property’s condition through regular maintenance and upgrades.
- Enhance the property’s curb appeal with landscaping, paint, and other cosmetic improvements.
- Research the rental market to determine the optimal rental rate and target tenant profile.
- Consider offering amenities or services that would make the property more attractive to tenants, such as in-unit laundry or parking.
Closure
Whether seeking a cozy abode or a savvy investment, 1415 Deer Ave presents an extraordinary opportunity. Its exceptional features, coupled with its prime location and promising market value, make it an ideal choice for discerning buyers. Explore the possibilities today and unlock the potential of this remarkable property.
Q&A
What type of property is 1415 Deer Ave?
1415 Deer Ave is a residential property, offering a comfortable and spacious living environment.
What are the notable features of 1415 Deer Ave?
1415 Deer Ave boasts a modern design, spacious layout, and high-quality finishes, ensuring a comfortable and stylish living experience.
What is the neighborhood like around 1415 Deer Ave?
1415 Deer Ave is situated in a vibrant and family-friendly neighborhood, offering a blend of residential charm and urban convenience.
