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12385 Coleman Ave
Felton, CA

12385 Coleman Ave

$548,000
2 bd • 1 ba • 752 sf

This analysis was generated by artificial intelligence on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$548,000

Price/Sq.Ft

$729

Year Built

1971

AI Property Analysis

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

The Good

The property at 12385 Coleman Ave, Felton, CA 95018 offers several attractive features: 1. Recent Renovations: Extensive upgrades including new paint, LVT flooring, kitchen appliances, lighting, mini-split heat pump with AC, updated bathroom, and new insulation. These improvements add significant value and reduce immediate maintenance needs. 2. Location: Situated in the desirable Santa Cruz mountains, only 20 minutes from the beach and with easy access to San Jose. The property is just 5 minutes from Loch Lomond and 7 minutes from grocery stores, balancing rural charm with convenience. 3. Lot Characteristics: The level lot at the top of a hill minimizes runoff concerns during wet winters, a significant advantage in this area. Ample sunlight exposure is rare for the region, enhancing livability and potential for outdoor activities. 4. Price Appreciation: The property has shown strong appreciation, increasing from $400,000 in September 2024 to its current listing of $548,000, a 37% increase in just 4 months. 5. Unique Features: High varnished wood ceilings create a spacious feel and add character. The large back deck with laundry access is a practical and attractive feature for outdoor living. 6. Energy Efficiency: The new mini-split heat pump with AC and added insulation likely improve the home's energy efficiency, potentially leading to lower utility costs. 7. Parking: Off-road parking for at least 3 vehicles is a significant advantage in a rural area where street parking may be limited. 8. Safety: The redwoods positioned away from the house minimize the risk of falling branches, addressing a common concern in wooded areas. 9. Market Position: At $548,000, the property is priced below the median for the area, potentially offering good value given its recent upgrades and location.

The Bad

1. Size Constraints: At 752 square feet, the property is significantly smaller than many family homes, potentially limiting its appeal to larger households or those needing more space. 2. Limited Bedrooms and Bathrooms: With only 2 bedrooms and 1 bathroom, the layout may not suit families or those who frequently host guests. 3. Age of the Property: Built in 1971, the home is over 50 years old. While recent renovations address many concerns, underlying systems (plumbing, electrical) may need attention in the coming years. 4. Price per Square Foot: At $728.72/sqft, the property is priced higher than many comparable homes in the area, potentially due to its recent renovations and location. 5. School Ratings: The local elementary and middle schools have below-average ratings (5/10 and 4/10 respectively), which may concern families with school-age children. 6. Limited Amenities: The property lacks some features commonly sought after, such as a formal dining room, family room, or garage. 7. Propane Dependency: The use of propane for some utilities may result in higher or more variable energy costs compared to all-electric or natural gas homes. 8. Market Volatility: The rapid price increase (37% in 4 months) may indicate an unstable market, potentially leading to future price corrections or difficulty in resale.

The Ugly

1. Natural Disaster Risks: Felton is prone to wildfires and intense winter storms. The property's location in the Santa Cruz mountains exposes it to these risks, potentially leading to high insurance costs, evacuation risks, and property damage. 2. Road Conditions: Mountain roads in the area are susceptible to closures and damage during storms, potentially impacting daily commutes and access to essential services. This could be a significant inconvenience and safety concern. 3. Limited Services: Felton's small-town nature means limited access to healthcare, shopping, and other essential services. Residents often need to travel to larger towns, which can be challenging during adverse weather conditions. 4. Internet and Cell Service: Connectivity issues are common in the area, particularly during power outages. This could be problematic for remote workers or during emergencies. 5. Potential for Hidden Issues: Despite recent renovations, the age of the home (built in 1971) suggests potential for hidden structural or system issues that may not be immediately apparent but could be costly to address. 6. Environmental Concerns: The proximity to redwoods, while scenic, may lead to issues with moisture, shade, and root intrusion over time. This could affect the foundation, create mold issues, or impact garden potential. 7. Market Volatility: The dramatic price increase (37% in 4 months) could indicate a market bubble, potentially leading to future value depreciation or difficulty selling if the market corrects. 8. Utility Challenges: Dependence on propane and potentially well water or septic systems (common in the area) can lead to higher maintenance costs and potential service disruptions. 9. Insurance Costs: Given the natural disaster risks, insurance premiums are likely to be significantly higher than in less risk-prone areas, adding to the total cost of ownership. 10. Accessibility: The rural location may pose challenges for emergency services access, potentially increasing response times for medical or fire emergencies.

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: 1. First-time homebuyers or downsizers: The compact size (752 sqft) and relatively affordable price point ($548,000) make it accessible for those entering the market or looking to reduce their living space. 2. Nature enthusiasts: Ideal for those who value proximity to outdoor recreation, with quick access to Loch Lomond and the Santa Cruz mountains. 3. Remote workers: The recent upgrades, including new insulation and HVAC, create a comfortable work-from-home environment. However, potential buyers should verify internet reliability. 4. Investors: With a strong recent appreciation (37% in 4 months) and potential for short-term rentals given the scenic location, it could be attractive for investment purposes. 5. DIY enthusiasts: The spacious lot offers potential for personalization and expansion, appealing to those who enjoy home improvement projects. 6. Commuters to San Jose: The property's location offers two route options to San Jose, making it suitable for those who work in the tech hub but prefer a rural lifestyle. 7. Singles or couples without children: The 2-bedroom, 1-bathroom layout is well-suited for individuals or couples who don't require extensive space. 8. Retirees: The single-level layout, recent upgrades, and peaceful setting could appeal to retirees looking for a low-maintenance home in a scenic area.

Not For

This property is not ideal for: 1. Large families: The 2-bedroom, 1-bathroom layout and 752 sqft size are too small for families needing more space and privacy. 2. Luxury home seekers: Despite recent upgrades, the property lacks high-end amenities and the space typically associated with luxury homes. 3. Those with mobility issues: While single-level, the rural mountain setting may pose accessibility challenges. 4. Urban lifestyle enthusiasts: The limited local amenities and distance from major urban centers make it unsuitable for those who prefer city living. 5. Risk-averse buyers: The natural disaster risks (wildfires, storms) and potential market volatility may be too concerning for cautious buyers. 6. Families with school-age children: The below-average ratings of local elementary and middle schools may be a deterrent. 7. Those without vehicles: The rural location and limited public transportation options make car ownership nearly essential. 8. Buyers seeking new construction: Despite renovations, the 1971 build date may not appeal to those specifically looking for new homes. 9. Those requiring high-speed, reliable internet: The area's potential connectivity issues may frustrate buyers who depend heavily on internet access. 10. Buyers uncomfortable with propane or alternative water/sewage systems: The rural setting often requires familiarity with and acceptance of these systems.
Demographics
Area Median Income

$106,597

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Risk Assessment

Risk Analysis

1. Natural Disaster Risks: High wildfire risk in summer and potential for intense winter storms. This could lead to evacuation orders, property damage, and increased insurance costs. 2. Market Volatility: The 37% price increase in 4 months suggests potential market instability. Risk of future price corrections or difficulty selling if the market shifts. 3. Infrastructure Challenges: Mountain roads are prone to closures and damage, potentially impacting daily life and property access. 4. Limited Services: Felton's small size means limited healthcare, shopping, and emergency services, which could be problematic in crisis situations. 5. Connectivity Issues: Potential for unreliable internet and cell service, especially during power outages, impacting work-from-home capabilities and emergency communications. 6. Age-Related Issues: Built in 1971, there may be hidden structural or system problems despite recent renovations. Potential for costly repairs in plumbing, electrical, or foundation. 7. Environmental Impact: Proximity to redwoods could lead to moisture issues, root intrusion, or excessive shade impacting the property over time. 8. Utility Dependencies: Reliance on propane and possibly well water or septic systems can lead to higher maintenance costs and potential service disruptions. 9. Insurance Challenges: High-risk location likely means expensive homeowners insurance, potentially impacting overall affordability. 10. Accessibility Concerns: Rural location may result in longer emergency response times. 11. Future Development: Potential for changes in local zoning or nearby development that could impact property value or quality of life. 12. Climate Change Impact: Increasing frequency and severity of wildfires and storms in the region could escalate risks over time. 13. Water Scarcity: California's ongoing drought issues could lead to water use restrictions or increased costs in the future. 14. Property Line Disputes: Rural properties sometimes face challenges with unclear boundaries or easements. 15. Wildlife Interactions: Increased potential for encounters with local wildlife, which could pose safety risks or property damage.

Financials

Monthly Costs

Price History

Property Taxes

$5,593
2024 Tax Assessment
0.1%from previous year
Assessed Value$394,614
Tax Rate1.42%

Location & Comparables

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Comparable Sales
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