Score
0Santa Cruz, CA
202 Panetta Ave #12
1.1M
1 beds
3 baths
1,310 sqft
1 bd • 3 ba • 1,310 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,150,000
Price/Sq.Ft
$878
Year Built
2021
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This modern, live/work condo built in 2021 features a unique 3-level layout with a ground-level commercial space, a second-floor living area with a modern kitchen, and a third-floor bedroom with a rooftop patio. The location is excellent, within walking distance of West Cliff Drive, Natural Bridges State Beach, and numerous restaurants and breweries. The unit has high ceilings, walk-in closet(s), a security gate, and modern appliances. The price of $877.86/sqft is competitive given the new construction and live/work zoning.
The Bad
The property's single bedroom configuration may not suit all buyers. The 1,310 sqft size is smaller than average for a multi-level townhome. While the property is new, the 3/10 rating for the nearby Bay View Elementary School may be a concern for families with young children. The property's listing history shows a recent price reduction, which could indicate a market slowdown or issues with the property itself. The estimated insurance costs are also high at $4,140 annually.
The Ugly
The property's exposure to natural hazards, including earthquakes and wildfires, poses a significant risk. The high estimated annual insurance cost of $4,140 reflects this risk and could potentially increase. The property's single-car garage and limited on-street parking is a constraint. The HOA fees are not listed, which could be an additional cost. The property's location in a popular tourist area could result in traffic and noise issues during peak season. The listing history shows a recent price drop, indicating potential challenges in the current market.
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 single professionals or couples seeking a modern, live/work space with a strong emphasis on location and lifestyle. The flexible commercial space on the ground floor is ideal for entrepreneurs, artists, or those running a small business from home. The proximity to the beach, downtown, and recreational activities will appeal to those who prioritize an active lifestyle and enjoy the Santa Cruz scene. The 3-level layout is perfect for those who don't require a large living space.
Not For
This property is not suitable for families needing multiple bedrooms or significant living space. The single bedroom and 1,310 sqft size will be limiting for larger households. Buyers seeking large yards or multiple parking spaces may be dissatisfied. Those looking for a traditional residential property in a quiet neighborhood may find the live/work zoning and proximity to commercial activity less appealing.
Demographics
Area Median Income
$93,839
Property History
Price History
Ownership Timeline
$0Cash Purchase
May 3, 2020Matthew W Eaton, Jeffrey J JeinikerPanetta Avenue Llc
Intrafamily Transfer
Non-Arm's Length Transactions
$1,900,000Cash Purchase
Dec 10, 2019Rtp Delaware Avenue LlcMatthew W Eaton, Jeffrey J Jelniker
Grant Deed
Non-Residential Arm's Length Transactions
$0Financed
Dec 3, 2019Anna Evered AnderliteJason E Anderlite
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
9.0/10
ExcellentFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,150,000
Price/sqft
$878
Layout
1 bd•3 ba
Days on market
13 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,144,333
0.5%
Your price is 0.5% above average
Median Price
$1,375,000
16.4%
Based on 6 recent sales
Price per Sq.Ft
$944
7.0%
Your price is 7.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 124 Grandview Terrace, Santa Cruz, CA 95060 | $1,375,000 | 1,259 | 2 | 3 | $1,09224.4% | 11/14/2024 |
| 149 Dufour Street, Santa Cruz, CA 95060 | $1,400,000 | 1,365 | 2 | 3 | $1,02616.8% | 8/29/2024 |
| 202 Panetta Avenue #13, Santa Cruz, CA 95060 | $1,175,000 | 1,310 | 1 | 3 | $8972.2% | 8/13/2024 |
| 2395 Delaware #108 Avenue #108, Santa Cruz, CA 95060 | $165,000 | 1,344 | 2 | 2 | $12386.0% | 10/26/2024 |
| 318 Walk Circle, Santa Cruz, CA 95060 | $1,251,000 | 1,083 | 2 | 2 | $1,15531.6% | 10/8/2024 |
| 201 John Street, Santa Cruz, CA 95060 | $1,500,000 | 1,093 | 2 | 2 | $1,37256.3% | 9/27/2024 |
124 Grandview Terrace, Santa Cruz, CA 95060
Price: $1,375,000
Sq.Ft: 1,259
Beds/Baths: 2/3
$/Sq.Ft:
$1,09224.4%
Sale Date: 11/14/2024
149 Dufour Street, Santa Cruz, CA 95060
Price: $1,400,000
Sq.Ft: 1,365
Beds/Baths: 2/3
$/Sq.Ft:
$1,02616.8%
Sale Date: 8/29/2024
202 Panetta Avenue #13, Santa Cruz, CA 95060
Price: $1,175,000
Sq.Ft: 1,310
Beds/Baths: 1/3
$/Sq.Ft:
$8972.2%
Sale Date: 8/13/2024
2395 Delaware #108 Avenue #108, Santa Cruz, CA 95060
Price: $165,000
Sq.Ft: 1,344
Beds/Baths: 2/2
$/Sq.Ft:
$12386.0%
Sale Date: 10/26/2024
318 Walk Circle, Santa Cruz, CA 95060
Price: $1,251,000
Sq.Ft: 1,083
Beds/Baths: 2/2
$/Sq.Ft:
$1,15531.6%
Sale Date: 10/8/2024
201 John Street, Santa Cruz, CA 95060
Price: $1,500,000
Sq.Ft: 1,093
Beds/Baths: 2/2
$/Sq.Ft:
$1,37256.3%
Sale Date: 9/27/2024
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