Score
0Piedmont, CA
111 Hazel Ln
2.5M
4 beds
4 baths
2,540 sqft
4 bd • 4 ba • 2,540 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$2,495,000
Price/Sq.Ft
$982
Year Built
1950
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property excels with its prime location in the heart of Piedmont, offering all-level living and a highly desirable single-story layout. The home features 4 bedrooms and 4 bathrooms across 2,540 sqft, including a fully functioning 1bed/1bath guest unit, providing flexibility for multi-generational living or rental income. Recent upgrades include a new roof, updated kitchen and bathrooms, and refinished hardwood floors throughout. The property boasts excellent outdoor living spaces with a sunny central courtyard and stunning spa. Its location offers direct access to Exedra Park, Piedmont High School, and the town center via a neighborhood pathway. The home is situated in a top-tier school district, with Piedmont High School rated 10/10 and just 0.1 miles away. Climate risks are minimal, with flood (1/10), fire (1/10), and wind (1/10) risks all scoring exceptionally low.
The Bad
At $2,495,000, the property is priced at $982.28 per square foot, which is significantly higher than the Piedmont median of $718/sqft. This premium pricing may limit the pool of potential buyers. The property lacks central air conditioning, which could be a concern during hot days, especially considering the moderate heat risk (3/10) with 6 hot days per year. The estimated annual insurance cost of $8,982 is relatively high, potentially adding to the overall cost of ownership. The severe air quality risk (8/10) with 14 bad air days per year could be a health concern for some buyers.
The Ugly
The property's appreciation rate, while positive, has been inconsistent. From 2002 to 2010, it appreciated by 16.3% over 8 years, an average of just 2% per year. However, from 2010 to the current listing price, it has appreciated by 78.9% over 15 years, averaging 5.26% per year. This volatility in appreciation rates could be a concern for investors. The home's age (built in 1950) suggests potential for hidden issues or needed updates despite recent renovations. The lack of central air conditioning could necessitate a costly installation, especially given the moderate heat risk. The severe air quality risk (8/10) could necessitate additional expenses for air purification systems and may impact outdoor enjoyment of the property.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for affluent families or professionals seeking a move-in ready home in a top-tier school district. With a median income in Piedmont of $147,080, buyers should have a household income of at least $415,000 to comfortably afford this home (based on a 28% front-end debt-to-income ratio). The single-story layout and guest unit make it ideal for multi-generational families or those needing space for a home office or au pair. The property would also appeal to buyers prioritizing outdoor living spaces and easy access to town amenities. Investors looking for a high-end rental property could benefit from the strong rental market, with 4-bedroom homes in the area commanding around $3,706 per month.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to its high price point and potential for additional costs (e.g., air conditioning installation). Buyers sensitive to air quality issues should carefully consider the severe air quality risk. Investors seeking immediate high returns may find the price point challenging for generating positive cash flow. The property may not be ideal for those requiring extensive customization, as Piedmont has strict building codes and design review processes.
Demographics
Area Median Income
$147,080
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 11, 2017Barbara B Krusi, Jean B KrusiBarbara B Krusi, Jean B Krusi
Intrafamily Transfer
Non-Arm's Length Transactions
$1,395,000Cash Purchase
Jan 13, 2010Gabriella P WhelanGeorge S Krusi, Barbara B Krusi
Grant Deed
Standard Sale (Purchase/Resales)
$1,200,000Financed
Dec 4, 2002George S Krusi, Ellen Hindes Bruck TrustGabrielle P Whelan
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 7, 1999Robert Leary, Bertha LearyThe Robert & Bertha Leary Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jul 30, 1997Krusi Harriet H Trust One & George SCarlisle H Krusi, Susan Krusi Dyke
Correction Deed
Non-Arm's Length Transactions
$585,500Cash Purchase
Jul 30, 1997Krusi Harriet H Interim Trust , Carlisle H KrusiGeorge S Krusi, Ellen Hindes Bruck Trust
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$27,420
2024 Tax Assessment
1.5%from previous year
Assessed Value$1,829,832
Tax Rate1.50%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
9.0/10
ExcellentHigh
10.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,658
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,495,000
Price/sqft
$982
Layout
4 bd•4 ba
Days on market
14 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$2,132,500
17.0%
Your price is 17.0% above average
Median Price
$2,050,000
21.7%
Based on 6 recent sales
Price per Sq.Ft
$760
29.2%
Your price is 29.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1297 Sunnyhills Rd, Oakland, CA 94610 | $2,050,000 | 2,742 | 4 | 4 | $74823.9% | 10/18/2024 |
| 155 Hagar, Piedmont, CA 94611 | $2,765,000 | 2,752 | 4 | 4 | $1,0052.3% | 10/12/2024 |
| 45 Templar Pl, Oakland, CA 94618 | $1,800,000 | 2,912 | 3 | 4 | $61837.1% | 10/18/2024 |
| 6050 Johnston Dr, Oakland, CA 94611 | $1,820,000 | 2,795 | 4 | 4 | $65133.7% | 9/27/2024 |
| 1075 Annerley Rd., Piedmont, CA 94610 | $2,620,000 | 2,860 | 4 | 4 | $9166.7% | 9/26/2024 |
| 855 Northvale Rd, Oakland, CA 94610 | $1,740,000 | 2,806 | 5 | 4 | $62036.9% | 9/14/2024 |
1297 Sunnyhills Rd, Oakland, CA 94610
Price: $2,050,000
Sq.Ft: 2,742
Beds/Baths: 4/4
$/Sq.Ft:
$74823.9%
Sale Date: 10/18/2024
155 Hagar, Piedmont, CA 94611
Price: $2,765,000
Sq.Ft: 2,752
Beds/Baths: 4/4
$/Sq.Ft:
$1,0052.3%
Sale Date: 10/12/2024
45 Templar Pl, Oakland, CA 94618
Price: $1,800,000
Sq.Ft: 2,912
Beds/Baths: 3/4
$/Sq.Ft:
$61837.1%
Sale Date: 10/18/2024
6050 Johnston Dr, Oakland, CA 94611
Price: $1,820,000
Sq.Ft: 2,795
Beds/Baths: 4/4
$/Sq.Ft:
$65133.7%
Sale Date: 9/27/2024
1075 Annerley Rd., Piedmont, CA 94610
Price: $2,620,000
Sq.Ft: 2,860
Beds/Baths: 4/4
$/Sq.Ft:
$9166.7%
Sale Date: 9/26/2024
855 Northvale Rd, Oakland, CA 94610
Price: $1,740,000
Sq.Ft: 2,806
Beds/Baths: 5/4
$/Sq.Ft:
$62036.9%
Sale Date: 9/14/2024
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