Market Research Report: 312 Scenic Dr

Background

The address "312 Scenic Dr" corresponds to multiple residential properties located in various cities across the United States, including Morristown, TN; Alvord, TX; and North Little Rock, AR. Each property is a single-family residence situated in suburban neighborhoods, offering a range of amenities and varying market values.

Property Profiles

312 Scenic Dr, Morristown, TN 37813

• Property Details: A single-family home built in 1958, featuring 3 bedrooms, 2 bathrooms, and a total living area of 1,178 square feet. The property includes a main level garage, a detached two-car garage, and additional outbuildings.

• Market Value: Estimated at $247,800, with an estimated rent of $1,744 per month.

• Recent Sales History:

• June 2018: Sold for $123,000.

• November 2017: Listed at $126,900.

• Tax Information:

• 2025: Tax assessment of $58,275.

• 2024: Tax assessment of $31,250.

312 Scenic Dr, Alvord, TX 76225

• Property Details: A single-family home built in 1965, offering 3 bedrooms, 2 bathrooms, and a total living area of 1,136 square feet. The property includes a fenced backyard and a storage building.

• Market Value: Estimated at $190,800, with an estimated rent of $1,695 per month.

• Recent Sales History:

• February 2015: Listed for sale at $68,500.

• Tax Information:

• 2025: Tax assessment of $190,137.

• 2024: Tax assessment of $191,795.

312 W Scenic Dr, North Little Rock, AR 72118

• Property Details: A single-family residence built in 1963, featuring 3 bedrooms, 2 bathrooms, and a total living area of 1,765 square feet. The property includes a finished basement suitable for a playroom or media room.

• Market Value: Estimated at $184,300, with an estimated rent of $1,475 per month.

• Recent Sales History:

• September 2022: Sold for $169,900.

• Tax Information:

• 2024: Tax assessment of $24,293.

• 2023: Tax assessment of $24,293.

Market Insights and Dynamics

The properties located at 312 Scenic Dr in various cities represent typical single-family homes in suburban settings. The real estate market for such properties is influenced by factors including local economic conditions, demand for housing, and regional development trends.

• Market Size and Growth Potential: The suburban real estate market remains robust, with steady demand for single-family homes. Growth potential varies by region, influenced by local economic development and population trends.

• Industry Trends: There is a growing preference for suburban living due to factors such as affordability, space, and quality of life. This trend contributes to sustained demand for single-family homes in suburban areas.

Competitor Analysis

In the context of single-family residences, competitors include other properties within the same neighborhood and similar suburban areas. Key factors influencing competition include property condition, amenities, pricing, and proximity to essential services.

Strategic Collaborations and Partnerships

While specific collaborations or partnerships for these properties are not detailed, real estate agents, local businesses, and community organizations play a role in enhancing property value and appeal.

Operational Insights

Strategic considerations for property owners include maintaining property condition, understanding local market trends, and effectively marketing the property to potential buyers or renters. Competitive advantages may include unique property features, recent renovations, and desirable locations.

Strategic Opportunities and Future Directions

Opportunities for property owners include capitalizing on market demand through strategic pricing, enhancing property appeal through renovations, and leveraging local economic growth to attract potential buyers or renters.

Contact Information

For inquiries related to these properties, please contact local real estate agents or property management companies specializing in the respective areas.