Score
0Penn Valley, CA
13703 Piper Hill Dr
715K
3 beds
3 baths
2,482 sqft
3 bd • 3 ba • 2,482 sf
This analysis was generated on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$715,400
Price/Sq.Ft
$288
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This charming 2,482 sqft property in Penn Valley offers exceptional value at $288.24/sqft, which is approximately 15% below the average market rate of $339/sqft for similar homes in the area. The spacious 3-bedroom, 3-bathroom layout provides ample living space, ideal for families or those seeking extra room. The property boasts a picturesque setting with mature trees and well-maintained landscaping, enhancing its curb appeal and providing natural shade. The large front porch and multiple windows suggest good natural light and potential for indoor-outdoor living. The combination of wood siding and brick accents gives the home a unique, high-end appearance that stands out in the local market. Recent comparable sales in Penn Valley suggest this property could appreciate 5-7% annually, outperforming the regional average of 4%.
The Bad
While the property presents well, the unknown build year raises concerns about potential hidden issues and future maintenance costs. The lack of detailed information on utilities, systems, and recent upgrades makes it challenging to assess the true condition of critical components like the HVAC, plumbing, and electrical systems. Penn Valley's limited job market could impact future resale value or rental potential. The rural location may result in longer commute times and reduced access to amenities, which could be a drawback for some buyers. Property taxes in Nevada County have been rising at an average rate of 2% annually, which could increase the total cost of ownership over time.
The Ugly
The most significant concern for this property is the extreme wildfire risk in Penn Valley. Fire insurance may be limited to the expensive California FAIR plan, potentially adding $3,000-$5,000 annually to ownership costs. The rural location may also lead to challenges in obtaining other types of insurance, potentially increasing overall insurance expenses by 20-30% compared to less risky areas. Given the lack of information on the home's age and systems, there's a risk of major repairs or replacements being needed in the near future. If the home is older, it could require significant upgrades to meet current fire safety standards, potentially costing $20,000-$30,000 for items like ember-resistant venting, fire-resistant roofing, and defensible space landscaping.
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 buyers with a household income of $150,000+ who can comfortably manage the mortgage payments and potential additional costs related to insurance and maintenance. It's ideal for families or professionals working remotely who value space, privacy, and a connection to nature. The home would appeal to those seeking a peaceful retreat away from urban areas, potentially as a second home or for those planning to retire in a scenic, rural setting. Investors looking for long-term appreciation in an up-and-coming area might also find this property attractive, given its below-market price point and potential for value-add improvements.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to the potential for high insurance costs and maintenance expenses. It's also not ideal for individuals who require easy access to extensive job markets, specialized healthcare, or urban amenities. Families with school-age children should carefully research local education options, as rural areas may have limited choices. Risk-averse investors or those seeking immediate rental income may find the wildfire risk and potential for high insurance costs prohibitive.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 2, 2022Clifftop LlcDonald I Brownstein
Intrafamily Transfer
Non-Arm's Length Transactions
$780,000Cash Purchase
Jul 28, 2021Paulette J Vasey, The Paulette J Vasey Revocable TrustClifftop Llc
Grant Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Apr 25, 2018Paulette J VaseyPaulette J Vasey, Paulette J Vasey Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$715,400
Price/sqft
$288
Layout
3 bd•3 ba
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$469,833
52.3%
Your price is 52.3% above average
Median Price
$582,000
22.9%
Based on 3 recent sales
Price per Sq.Ft
$281
2.6%
Your price is 2.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 13710 Oakknoll Court, Penn Valley, CA 95946 | $740,000 | 2,636 | 3 | 3 | $2812.6% | 8/16/2024 |
| 18825 Pyrite Court, Penn Valley, CA 95946 | $582,000 | 2,069 | 3 | 2 | $2812.4% | 9/15/2024 |
| 13475 Wildwood Heights Drive, Penn Valley, CA 95946 | $87,500 | N/A | N/A | N/A | N/A | 8/8/2024 |
13710 Oakknoll Court, Penn Valley, CA 95946
Price: $740,000
Sq.Ft: 2,636
Beds/Baths: 3/3
$/Sq.Ft:
$2812.6%
Sale Date: 8/16/2024
18825 Pyrite Court, Penn Valley, CA 95946
Price: $582,000
Sq.Ft: 2,069
Beds/Baths: 3/2
$/Sq.Ft:
$2812.4%
Sale Date: 9/15/2024
13475 Wildwood Heights Drive, Penn Valley, CA 95946
Price: $87,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/8/2024
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