This specific address likely refers to a property managed or owned by a company named “Stephens Properties,” located at 1519 West 79th Street. This format typically denotes a physical location, possibly a residential or commercial building. Understanding the context of “Stephens Properties” as a business entity and the specific address as a locatable property provides a foundation for further investigation.
Locating and identifying properties is crucial in real estate, property management, and related fields. Precise address information allows for accurate record-keeping, property valuation, and facilitates transactions. Historical context, such as past ownership, building permits, and zoning regulations associated with this address, can offer valuable insights into the property’s current status and potential future use.
This understanding of the property’s location and the involved management company forms a basis for exploring relevant topics such as property details, ownership history, market value, and local regulations. Further research might involve accessing public records, contacting real estate agencies, or consulting online property databases.
1. Property Location
Property location is a critical factor in understanding the context of a specific address like 1519 W 79th Street, especially when considering its association with a property management company such as Stephens Properties. Location influences property value, accessibility, and potential usage. Analyzing location involves examining several key facets.
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Geographic Coordinates
Precise latitude and longitude coordinates pinpoint the property’s exact position on the Earth’s surface. This precise location data is essential for mapping, navigation, and spatial analysis. Understanding the geographic coordinates allows for accurate identification and differentiation from similarly named locations.
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Neighborhood Context
The surrounding neighborhood significantly impacts a property’s character. Factors like local amenities, school districts, crime rates, and demographic trends contribute to the overall desirability and market value. For 1519 W 79th Street, understanding the neighborhood provides crucial context for evaluating its potential.
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Accessibility and Transportation
Accessibility refers to the ease of reaching the property via various transportation modes. Proximity to major roads, public transit options, and airports influences convenience and connectivity. Analyzing accessibility helps assess the property’s suitability for different purposes, be it residential, commercial, or industrial.
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Proximity to Key Services
The distance to essential services like hospitals, schools, shopping centers, and recreational facilities impacts the quality of life and practicality of a location. This proximity is a key consideration for potential residents or businesses operating at 1519 W 79th Street.
These facets of property location contribute significantly to the overall understanding of a specific address. In the case of 1519 W 79th Street, managed by Stephens Properties, the location information provides crucial context for assessing its value, potential, and suitability for various purposes. This detailed location analysis allows for informed decision-making regarding property management, investment, or development.
2. Ownership Details
Ownership details are fundamental to understanding any property, including the property located at 1519 W 79th Street associated with Stephens Properties. These details establish legal ownership, responsibility for maintenance and taxes, and potential for transactions. A thorough examination of ownership provides critical insights for various stakeholders.
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Current Legal Owner
Identifying the current legal owner of 1519 W 79th Street is paramount. This information confirms who holds the title to the property and has the legal right to sell, lease, or otherwise manage it. Public records, such as property deeds, can typically provide this information. Determining whether Stephens Properties is the legal owner or manages the property on behalf of another entity is crucial.
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Ownership History
Tracing the property’s ownership history can reveal valuable information about past transactions, renovations, and potential legal encumbrances. This history can offer insights into the property’s current condition and market value. A clear understanding of past ownership patterns can also inform future investment decisions.
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Liens and Encumbrances
Liens and encumbrances represent claims against a property, often related to outstanding debts or unpaid taxes. Identifying any existing liens or encumbrances on 1519 W 79th Street is essential for assessing its true market value and potential for future transactions. A title search can reveal this information.
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Ownership Structure
Understanding the ownership structure, whether individual, corporate, or trust-based, provides insights into the decision-making process and potential complexity of future transactions. This information is relevant for anyone considering purchasing, leasing, or investing in the property.
Comprehensive knowledge of ownership details provides a solid foundation for assessing the property at 1519 W 79th Street. This information clarifies responsibility, reveals potential risks and opportunities, and informs strategic decision-making related to property management, investment, or development. This detailed analysis of ownership is critical for anyone interacting with the property, including Stephens Properties, potential buyers, or regulatory bodies.
3. Building Type
Building type significantly influences the function, value, and potential of a property, particularly when considering a specific address like 1519 W 79th Street, potentially managed by Stephens Properties. Understanding the building type provides crucial context for assessing its suitability for various purposes and understanding its role within the local market.
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Residential
Residential buildings serve as dwellings, ranging from single-family homes to multi-unit apartment complexes. If 1519 W 79th Street is a residential building, further classification into subtypes like detached houses, townhouses, or condominiums is necessary. This classification impacts property value, rental potential, and target demographics.
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Commercial
Commercial buildings house businesses, encompassing office spaces, retail stores, and restaurants. If 1519 W 79th Street is a commercial property, understanding the specific type, such as a standalone retail store or a multi-tenant office building, is crucial. This classification affects lease terms, tenant mix, and potential revenue generation.
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Industrial
Industrial buildings accommodate manufacturing, warehousing, and distribution activities. If 1519 W 79th Street is an industrial property, factors like warehouse size, loading dock access, and heavy machinery capacity become relevant. This classification dictates suitability for specific industrial operations and influences property valuation.
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Mixed-Use
Mixed-use buildings combine different functions, often incorporating residential, commercial, and even industrial spaces within a single structure. If 1519 W 79th Street represents a mixed-use development, understanding the proportions and configurations of different uses becomes important. This classification adds complexity to zoning regulations and property management but also offers potential for diversified income streams.
Accurate identification of the building type at 1519 W 79th Street is essential for informed decision-making related to property management, investment, or development. This information, coupled with the context of Stephens Properties’ involvement, provides a more comprehensive understanding of the property’s current status and future potential within the local market. Further investigation may be needed to determine the precise building type and its specific characteristics.
4. Zoning Regulations
Zoning regulations play a crucial role in determining permitted land uses and building activities at any given address. For a property such as that potentially managed by Stephens Properties at 1519 W 79th Street, understanding applicable zoning regulations is essential for ensuring compliance and maximizing property value. Zoning regulations dictate the types of activities allowed, building size and height restrictions, parking requirements, and other development standards. These regulations, established by local authorities, influence a property’s suitability for residential, commercial, industrial, or mixed-use purposes. For instance, a property zoned for residential use cannot typically house a commercial business. Conversely, a property within a commercial zone may face restrictions on residential development.
The relationship between zoning regulations and a specific property like 1519 W 79th Street involves several practical considerations. Compliance with zoning regulations is mandatory for any development or renovation project. Variances or special permits may be required to deviate from existing regulations. Understanding current zoning regulations informs potential future uses and development possibilities. For example, a property zoned for high-density residential development might present an opportunity for constructing multi-family housing. Conversely, a property located within a historically preserved district may face limitations on exterior modifications. Zoning regulations also impact property value; properties in commercially zoned areas often command higher prices than those in residentially zoned areas. Knowledge of zoning regulations provides valuable insights for property owners, developers, and investors.
In summary, zoning regulations exert a significant influence on property use and development. For Stephens Properties and any stakeholders involved with 1519 W 79th Street, a comprehensive understanding of applicable zoning regulations is crucial for ensuring legal compliance, maximizing property value, and making informed decisions regarding future development or investment. Due diligence in researching and interpreting local zoning ordinances is essential for successful property management and development. Ignoring zoning regulations can lead to legal challenges, fines, and project delays.
5. Market Valuation
Market valuation plays a crucial role in understanding the financial context of any property, particularly one associated with a property management company like Stephens Properties. For the property located at 1519 W 79th Street, market valuation provides a critical benchmark for various financial decisions, including potential sales, purchases, investments, and insurance. Accurate valuation considers numerous factors, providing a comprehensive assessment of the property’s worth in the current market.
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Comparative Market Analysis (CMA)
CMA involves comparing the subject property (1519 W 79th Street) to similar recently sold properties in the same neighborhood. This analysis considers factors like property size, age, condition, features, and location to establish a reasonable market value range. A well-conducted CMA provides a realistic estimate of what the property might sell for in the current market conditions.
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Appraisals
Professional appraisals provide a formal, independent assessment of market value. Appraisers utilize established methodologies, considering various factors including property characteristics, market conditions, and recent sales data. Appraisals are often required for mortgage financing and insurance purposes, offering a reliable and objective valuation for 1519 W 79th Street.
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Income Approach
For income-generating properties, the income approach estimates value based on potential rental income. This approach considers factors like rental rates, vacancy rates, operating expenses, and capitalization rates. If 1519 W 79th Street is a rental property managed by Stephens Properties, this approach provides a valuable perspective on its financial performance and potential return on investment.
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Cost Approach
The cost approach estimates the cost of replacing the building, less depreciation. This approach is particularly relevant for newer properties or unique structures where comparable sales data is limited. While less common for residential properties, the cost approach can be valuable in assessing the replacement value of 1519 W 79th Street for insurance purposes.
Understanding the market valuation of 1519 W 79th Street is crucial for informed decision-making. Whether considering a sale, purchase, or investment, a comprehensive valuation provides a realistic assessment of the property’s financial worth. This information, coupled with the context of Stephens Properties’ involvement, enables stakeholders to make sound financial judgments and strategize effectively. Accurately assessing market value minimizes financial risks and maximizes potential returns.
6. Neighborhood Context
Neighborhood context significantly influences the character and value of a property like that potentially managed by Stephens Properties at 1519 W 79th Street. This context encompasses a range of factors that contribute to the overall perception and desirability of the location. Analyzing neighborhood context requires considering both tangible and intangible elements.
Proximity to amenities, such as parks, schools, shopping centers, and restaurants, directly impacts quality of life and property values. Access to quality education influences family decisions regarding residential choices. The presence of well-maintained parks and recreational facilities enhances community well-being. Convenient access to retail and dining establishments adds to the attractiveness of a location. For example, a property located near a highly-rated school district may command a premium price compared to similar properties in areas with less desirable schools. Similarly, proximity to a popular shopping district might increase foot traffic and potential revenue for commercial properties. Conversely, a location plagued by high crime rates or lack of essential amenities could negatively impact property values and desirability.
Beyond amenities, intangible factors also contribute to neighborhood context. Community demographics, including age, income levels, and cultural diversity, shape the neighborhood’s character. Prevailing architectural styles and the overall aesthetic appeal of the neighborhood contribute to its desirability. Social dynamics, including community involvement and neighborhood events, foster a sense of belonging. These intangible factors often exert a subtle yet powerful influence on property values and the overall appeal of a location. For instance, a neighborhood known for its strong sense of community and active social scene might attract residents seeking a close-knit environment. Conversely, a neighborhood characterized by high turnover rates and limited community engagement might be perceived as less desirable.
In summary, understanding neighborhood context is essential for assessing the true value and potential of a property. For Stephens Properties and stakeholders interested in 1519 W 79th Street, a comprehensive analysis of the surrounding neighborhood provides crucial insights into its strengths and weaknesses. This analysis informs investment decisions, property management strategies, and development planning. A thorough understanding of neighborhood context provides a foundation for making informed decisions and maximizing property value.
Frequently Asked Questions
This section addresses common inquiries regarding the property potentially managed by Stephens Properties, located at 1519 W 79th Street. Clear and concise answers aim to provide a comprehensive understanding of key aspects related to this property.
Question 1: What type of property is located at 1519 W 79th Street?
The specific building type requires further investigation. Public records or contacting local real estate professionals can provide clarification regarding whether the property is residential, commercial, industrial, or mixed-use. Understanding the building type is crucial for assessing its suitability for various purposes.
Question 2: Who owns the property at 1519 W 79th Street?
Determining the legal owner requires consulting public property records. While potentially managed by Stephens Properties, confirming their ownership status versus a management role necessitates further research. Clarifying ownership is essential for understanding responsibility and potential transactions.
Question 3: What is the current market value of this property?
Estimating market value requires a comprehensive analysis involving comparative market analysis, professional appraisals, or potentially the income approach if applicable. Various online resources and local real estate professionals can provide insights into current market values in the area. Accurate valuation is crucial for financial decisions.
Question 4: What are the applicable zoning regulations for this location?
Local zoning ordinances govern permitted uses and development restrictions. Consulting the relevant municipal authorities or accessing online zoning maps provides specific information regarding the zoning classification for 1519 W 79th Street. Understanding zoning regulations is crucial for compliance and future development planning.
Question 5: What is the neighborhood surrounding 1519 W 79th Street like?
Researching local demographics, amenities, school districts, and crime rates provides insights into the neighborhood context. Online resources, community profiles, and local real estate agents can offer valuable information about the surrounding area. Understanding the neighborhood is crucial for assessing quality of life and potential property value appreciation.
Question 6: How can one obtain more detailed information about this property?
Further research might involve accessing public records, contacting Stephens Properties directly if they manage the property, or consulting local real estate professionals familiar with the area. These resources can provide more specific details regarding the property’s history, features, and current status. Thorough research is recommended before making any decisions related to the property.
Understanding the key aspects outlined above is essential for anyone interested in the property at 1519 W 79th Street. Further investigation and due diligence are recommended for comprehensive understanding and informed decision-making.
The following sections will delve deeper into specific aspects of property analysis and market dynamics.
Tips for Evaluating Properties Like 1519 W 79th Street
Careful consideration of key factors is crucial when evaluating properties, whether for investment, purchase, or management purposes. These tips provide a framework for comprehensive due diligence, enabling informed decision-making.
Tip 1: Conduct Thorough Due Diligence: Research goes beyond surface-level observations. Investigate property history, ownership details, zoning regulations, and any potential legal encumbrances. Accessing public records and consulting legal professionals ensures a complete understanding of the property’s status.
Tip 2: Analyze Location Carefully: Location significantly influences property value and potential. Assess proximity to amenities, transportation options, school districts, and local economic trends. Understanding the neighborhood context provides valuable insights into long-term growth and desirability.
Tip 3: Assess Building Condition: A professional inspection assesses structural integrity, mechanical systems, and potential maintenance needs. Understanding the building’s condition allows for accurate budgeting and informed negotiations.
Tip 4: Understand Market Dynamics: Research current market trends, including comparable sales data, rental rates, and vacancy rates. Accurate market analysis informs pricing strategies and investment decisions. Consulting local real estate experts provides valuable market insights.
Tip 5: Consider Long-Term Potential: Evaluate potential for future appreciation, development opportunities, and long-term investment returns. Understanding zoning regulations and local development plans informs decisions about long-term investment strategies.
Tip 6: Review Management Practices: If a property management company like Stephens Properties is involved, research their reputation, management style, and fee structure. Effective property management maximizes investment returns and minimizes potential risks.
Tip 7: Secure Financing Strategically: Explore various financing options and secure favorable terms. Understanding financing options and interest rates allows for informed financial planning and maximizes return on investment.
Careful consideration of these tips enables informed decision-making, minimizes risks, and maximizes potential returns. Thorough analysis and strategic planning are essential for successful property evaluation.
The following conclusion summarizes the key takeaways and provides final recommendations for navigating property evaluations effectively.
Conclusion
Analysis of the property potentially associated with Stephens Properties at 1519 W 79th Street necessitates a comprehensive approach. Understanding key aspects, including property location, ownership details, building type, zoning regulations, market valuation, and neighborhood context, provides a foundation for informed decision-making. Thorough due diligence, including researching public records, consulting local experts, and analyzing market trends, allows for a complete assessment of the property’s potential. Accurate valuation and a clear understanding of legal and regulatory factors are essential for successful property management, investment, or development.
Strategic property evaluation requires a holistic perspective, integrating diverse data points and market insights. Careful consideration of both tangible and intangible factors contributes to a comprehensive understanding of a property’s value and potential. This nuanced approach enables stakeholders to navigate complexities, mitigate risks, and capitalize on opportunities within the dynamic real estate landscape. Ultimately, informed decision-making, driven by thorough research and strategic planning, is paramount for achieving success in property-related endeavors.
