Triple Diamond Analysis Location. Location. Location. — analyzed three ways. Immediate DiamondThe legal address of the property. Are there red flags — conditions on your "don't want" list — right here at the property’s situs? Intermediate DiamondThe location of the property within its neighborhood. Neighborhood sections range from A (most desirable) on down. Greater DiamondThe broader area surrounding the neighborhood — schools, infrastructure, neighboring communities, and development trends.