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114 Mahogany Ln
Score
0
Union City, CA

114 Mahogany Ln

1.6M
4 bd • 3 ba • 1,867 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

$1,608,100

Price/Sq.Ft

$861

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property at 114 Mahogany Ln, Union City, CA 94587 offers several attractive features. At 1,867 sqft with 4 bedrooms and 3 bathrooms, it's 12.5% larger than the average Union City home (1,660 sqft). The price of $1,608,100 translates to $861.33/sqft, which is 5.3% below the Union City average of $910/sqft, suggesting potential value. The property features a two-car garage, providing ample parking space. Its location on a tree-lined street with mature landscaping enhances curb appeal and provides natural shade. The balcony off the second floor adds outdoor living space and architectural interest. The home's light-colored exterior reflects sunlight, potentially improving energy efficiency in the warm California climate.

The Bad

The property's asking price of $1,608,100 is 25.8% above Union City's median home value of $1,278,000, which may limit the buyer pool. The front yard appears to need landscaping attention, potentially adding to initial maintenance costs. The driveway, while functional, shows signs of wear and may need resurfacing in the near future. The property's age, while not specified, suggests it's not a new construction, which could mean higher maintenance costs and potential outdated features. The lack of solar panels, increasingly common in California, may result in higher energy costs.

The Ugly

The property's location in Union City exposes it to significant earthquake risk, with potential for substantial damage and high insurance costs. The median household income in Union City is $127,828, meaning the home price is 12.6 times the median income, far exceeding the recommended 3-5 times income for affordability. This could severely limit potential buyers and future resale options. The lack of detailed information about the home's systems, utilities, and features suggests potential hidden issues or deferred maintenance that could lead to significant unexpected costs for the new owner.

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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 high-income families or professionals earning at least $320,000 annually (based on a 5x income to home price ratio). It's ideal for those needing space for a growing family or home office, given the 4 bedrooms and ample square footage. The property would appeal to buyers who value a suburban setting with easy access to Bay Area job centers. It's also suitable for those who appreciate traditional architectural styles and are willing to invest in potential upgrades and maintenance.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its high price point. It's not ideal for investors looking for immediate high rental yields, as the potential rental income (estimated $4,080 for a 4-bedroom) would only cover about 30% of a typical mortgage payment. Those seeking a low-maintenance or move-in ready home may find this property challenging due to potential renovation needs. Buyers sensitive to earthquake risks or those unable to afford high insurance premiums should also reconsider.
Demographics
Area Median Income

$127,828

Property History

Price History
Ownership Timeline
$361,000Financed
Jul 7, 1999
Catellus Residential Group IncArnodl R Pedrigal, Imelda M Pedrigal
Grant Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

Earthquake risk is a significant concern, potentially leading to high insurance costs and repair expenses. The property's high price relative to median income poses a risk of price stagnation or decline in economic downturns. Potential hidden maintenance issues due to lack of detailed information could lead to unexpected costs. The home's age may necessitate major system upgrades (HVAC, plumbing, electrical) in the near future. Union City's proximity to industrial areas could impact air quality and property values. Future development in the area could affect the neighborhood's character and the property's value.

Cost & Affordability

Monthly Costs

Breakdown of estimated monthly expenses for this property

Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements

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$1,608 monthly
$83 monthly

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Schools

James Logan High School

PublicGrades 9-12
8/10
High
3,635 students

Guy Jr. Emanuele Elementary School

PublicGrades K-5
5/10
Elementary
569 students

Cesar Chavez Middle School

PublicGrades 6-8
4/10
Middle
1,210 students

Financials

Monthly Costs
Market Rent (4 bed)

$4,080

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,608,100
Price/sqft
$861
Layout
4 bd3 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,425,167

12.8%

Your price is 12.8% above average

Median Price

$1,655,000

2.8%

Based on 6 recent sales

Price per Sq.Ft

$779

10.6%

Your price is 10.6% above average $/sqft

Comparable Properties

221 Felicio Cmn, Fremont, CA 94536
Price: $1,125,000
Sq.Ft: 1,632
Beds/Baths: 3/3
$/Sq.Ft:
$68920.0%
Sale Date: 12/12/2024
1893 Serpentine Drive, Union City, CA 94587
Price: $1,655,000
Sq.Ft: 1,859
Beds/Baths: 4/3
$/Sq.Ft:
$8903.4%
Sale Date: 10/24/2024
35081 11th Street, Union City, CA 94587
Price: $1,140,000
Sq.Ft: 1,675
Beds/Baths: 4/3
$/Sq.Ft:
$68121.0%
Sale Date: 10/2/2024
35875 Vivian Pl, Fremont, CA 94536
Price: $1,880,000
Sq.Ft: 1,986
Beds/Baths: 4/3
$/Sq.Ft:
$9479.9%
Sale Date: 9/18/2024
35489 Monterra Circle, Union City, CA 94587
Price: $1,036,000
Sq.Ft: 1,708
Beds/Baths: 3/3
$/Sq.Ft:
$60729.6%
Sale Date: 9/4/2024
34625 Arroyo Dr, Union City, CA 94587
Price: $1,715,000
Sq.Ft: 1,997
Beds/Baths: 4/3
$/Sq.Ft:
$8590.3%
Sale Date: 8/22/2024

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