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133 Seaborg Pl
Santa Cruz, CA

133 Seaborg Pl

$1,799,000
4 bd • 3 ba • 2,105 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$1,799,000

Price/Sq.Ft

$855

Year Built

1969

AI Property Analysis

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

The Good

This Upper Westside Santa Cruz home offers exceptional value with its prime location and recent updates. At 2,105 sqft, it's 15% larger than the average home in the area (1,830 sqft). The price of $854.63/sqft is competitive, just 2% above the neighborhood average of $838/sqft. Recent upgrades include new kitchen fixtures, updated appliances, freshly painted interiors, refinished hardwood floors upstairs, and updated downstairs flooring (2022), collectively adding an estimated $30,000-$40,000 in value. The property's flood risk score of 1/10 is significantly better than the area average of 3/10, potentially lowering insurance costs. Its location near UCSC (approximately 1 mile) and Westcliff Drive (about 0.5 miles) enhances its appeal for both investors and owner-occupants. The current rental rate for a 4-bedroom home in the area is $5,350/month, suggesting a potential gross yield of 3.6% for investors.

The Bad

The listing price of $1,799,000 represents a 9.5% decrease from its last sale price of $1,988,000 in April 2022, indicating potential market softening or overvaluation in the previous sale. The property's age (built in 1969) suggests potential for major system replacements in the near future, including HVAC (estimated $10,000-$15,000), roof (estimated $20,000-$25,000), and plumbing (estimated $5,000-$10,000). The moderate fire risk (4/10) and severe air quality risk (8/10) could lead to higher insurance premiums and potential health concerns. With 15 bad air quality days per year, this is significantly higher than the state average of 8.8 days.

The Ugly

The severe air quality risk (8/10) with 15 bad air days per year is a significant concern, potentially impacting residents' health and outdoor activities. This could also affect the property's long-term desirability and value. The estimated insurance cost of $6,476.40/year is approximately 20% higher than the area average, likely due to the combination of fire and air quality risks. Total monthly ownership costs are high, estimated at $9,700 ($7,500 mortgage + $540 property tax + $540 insurance + $1,120 maintenance/utilities), requiring a household income of at least $350,000 based on a 33% debt-to-income ratio. The property's appreciation has been negative (-9.5%) over the past 21 months, underperforming the Santa Cruz market average of +2% during the same period.

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 buyers with household incomes above $350,000, who prioritize space and location over immediate financial returns. It's ideal for families or professionals associated with UCSC, given its proximity to the campus. The flexible layout with potential for a home office caters to remote workers or academics. Investors looking for long-term appreciation potential in a prime Santa Cruz location, willing to weather short-term market fluctuations, may also find this property attractive. The turnkey condition and recent updates make it suitable for buyers seeking a move-in ready home with minimal immediate renovation needs.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given the high purchase price and ongoing costs. Investors seeking immediate positive cash flow should look elsewhere, as the potential rental income ($5,350/month) falls short of the estimated monthly costs ($9,700). Those with respiratory issues or sensitivities should be cautious due to the severe air quality risk. Short-term flippers or investors looking for quick appreciation may find the recent price decrease and market conditions unfavorable. Buyers without the financial capacity to handle potential major system replacements (HVAC, roof, plumbing) in the next 5-10 years should also reconsider.
Demographics
Area Median Income

$93,839

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Risk Assessment

Climate Risks

airSEVERE

15 bad air quality days per year

fireMODERATE

Insurance: Recommended

heatMODERATE

7 extreme heat days per year

98th percentile: 81°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

1. Market Volatility: The 9.5% price decrease since 2022 suggests potential market instability or correction. 2. Air Quality: The severe risk (8/10) could lead to health issues and decreased property desirability. 3. Fire Risk: Moderate risk (4/10) may result in increasing insurance costs and potential evacuation risks. 4. Aging Systems: Built in 1969, major systems may require replacement within 5-10 years, totaling $35,000-$50,000. 5. High Ownership Costs: Monthly costs of $9,700 may become burdensome if income or property value decreases. 6. UCSC Impact: Proximity to the university can lead to seasonal rental market fluctuations and potential noise/traffic issues. 7. Climate Change: Increasing wildfire and air quality risks in California may exacerbate existing environmental concerns. 8. Zoning Changes: Potential changes in local regulations could affect property use or future development options.
Insurance
Annual Cost

$6,476

$540 per month

Financials

Monthly Costs

Price History

Property Taxes

$22,941
2024 Tax Assessment
1.3%from previous year
Assessed Value$2,068,316
Tax Rate1.11%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,515,000

-15.8% below list price

Median Price

$1,670,000

Based on 6 recent sales

Price per Sq.Ft

$792

Comparable Properties

102 Northrop Pl, Santa Cruz, CA 95060
Price: $1,750,000
Sq.Ft: 2,230
Beds/Baths: 4/3
$/Sq.Ft:
$7858.2%
Sale Date: 11/14/2024
128 Donna Court, Santa Cruz, CA 95060
Price: $1,395,000
Sq.Ft: 1,685
Beds/Baths: 3/3
$/Sq.Ft:
$8283.1%
Sale Date: 10/15/2024
213 Village Circle, Santa Cruz, CA 95060
Price: $1,275,000
Sq.Ft: 1,888
Beds/Baths: 3/3
$/Sq.Ft:
$67521.0%
Sale Date: 9/7/2024
1728 Escalona Drive, Santa Cruz, CA 95060
Price: $1,125,000
Sq.Ft: 1,684
Beds/Baths: 3/2
$/Sq.Ft:
$66821.8%
Sale Date: 10/10/2024
1029 Laurent Street, Santa Cruz, CA 95060
Price: $1,875,000
Sq.Ft: 2,002
Beds/Baths: 3/2
$/Sq.Ft:
$9379.6%
Sale Date: 8/6/2024
208 Alamo Avenue, Santa Cruz, CA 95060
Price: $1,670,000
Sq.Ft: 1,937
Beds/Baths: 4/2
$/Sq.Ft:
$8620.9%
Sale Date: 8/8/2024

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