Score
0Santa Cruz, CA
2030 N Pacific Ave UNIT 340
975K
3 beds
2 baths
1,475 sqft
3 bd • 2 ba • 1,475 sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$975,000
Price/Sq.Ft
$661
Year Built
2008
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime Downtown Location: The condo's location in the heart of downtown Santa Cruz offers unparalleled convenience with easy access to restaurants, shops, entertainment, and natural attractions like beaches and trails.
• Spacious Layout: At 1,475 square feet with 3 bedrooms and 2 bathrooms, the condo offers a comfortable living space, especially compared to smaller units in the area.
• Secure Building with Amenities: The secured, pet-friendly building with a gym, pool, gated parking, and storage area provides a desirable and convenient lifestyle.
• High Walkability: The location boasts excellent walkability, allowing residents to easily access downtown amenities without relying on a car.
• Desirable School District: The property is located within the Santa Cruz High School district, which has a high rating of 9/10.
The Bad
• High Price per Square Foot: At $661.02 per square foot, this condo is priced at the higher end for Santa Cruz, potentially limiting its appeal to value-conscious buyers.
• Extreme Flood Risk: The 9/10 flood risk is a significant concern, potentially leading to high insurance costs and difficulty obtaining coverage. The FEMA Zone A99 designation suggests proximity to a high-risk area.
• Average Safety Score: A safety score of 57/100 indicates only average safety. The total crime rate of 2866.0 per 100,000 residents is higher than both state and national averages.
• Air Quality Concerns: The SEVERE air quality risk (7/10) with 13 bad air days per year is a potential health concern.
• Reliance on Car: While walkable to downtown, reliance on a car may still be necessary for errands further afield.
The Ugly
• High Violent Crime Rate: The violent crime rate of 963.5 per 100,000 residents is significantly higher than both the state (27.7% higher) and national (17.2% higher) averages. The robbery rate is particularly concerning, exceeding state averages by 54.5% and national averages by 182.9%.
• High Insurance Costs: The estimated annual insurance cost of $3510 is significant, likely driven by the extreme flood risk and potentially the crime rate. This adds a substantial expense to the cost of ownership.
• Limited Climate Control: The reliance on radiant heating and lack of central AC may lead to discomfort during extreme temperatures, potentially requiring additional investment in climate control solutions.
• Potential for Noise: Being located downtown, noise from traffic, pedestrians, and nearby businesses could be a concern, especially for those sensitive to noise.
• No Family Room: The absence of a designated family room might be a drawback for some buyers.
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
• Professionals working in downtown Santa Cruz: The condo's central location offers unparalleled convenience for those who value walkability to work, restaurants, shops, and entertainment.
• Buyers seeking a low-maintenance lifestyle: The condo's amenities (gym, pool, gated parking), coupled with its single-level layout and lack of shared walls, provide a comfortable and convenient living experience.
• Individuals who value security and pet-friendly environments: The secured building with gated parking and pet-friendly policies provide peace of mind and cater to pet owners.
• Buyers interested in potential rental income: With a monthly rental rate of $4780 for a 3-bedroom unit, this condo could appeal to investors seeking rental income.
Not For
• Buyers sensitive to flood risks: The EXTREME flood risk (9/10) may deter buyers who are averse to potential water damage and high insurance premiums.
• Individuals seeking a quiet, suburban environment: The downtown location exposes residents to city noise and activity, which may not appeal to those seeking a more tranquil setting.
• Buyers with limited budgets: The high price point ($975,000) and estimated annual insurance cost ($3510) make this property less accessible to budget-conscious buyers.
• Families prioritizing top-rated schools: While Santa Cruz High School has a good rating (9/10), Mission Hill Middle School has an average rating (5/10), which may be a concern for families with middle school-aged children.
Demographics
Area Median Income
$93,839
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 30, 2021Christopher Palmer, Michelle PalmerChristopher Palmer, Michelle Palmer
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jun 23, 2008Christopher PalmerChristopher Palmer, Michelle Palmer
Intrafamily Transfer
Non-Arm's Length Transactions
$800,000Cash Purchase
Jun 18, 2008Santa Cruz River Street LlcRichard R Randolph, Joan T Randolph
Grant Deed
New Construction Residential Transactions
Property Taxes
$4,941
2024 Tax Assessment
1.2%from previous year
Assessed Value$413,854
Tax Rate1.19%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
5.0/10
AverageMiddle
6.0/10
GoodHigh
7.3/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$975,000
Price/sqft
$661
Layout
3 bd•2 ba
Days on market
3 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,219,000
20.0%
Your price is 20.0% below average
Median Price
$1,049,500
7.1%
Based on 6 recent sales
Price per Sq.Ft
$812
18.6%
Your price is 18.6% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2030 N Pacific Avenue #332, Santa Cruz, CA 95060 | $1,049,500 | 1,472 | 3 | 2 | $7137.9% | 1/7/2025 |
| 2030 Pacific Avenue #332, Santa Cruz, CA 95060 | $1,049,500 | 1,472 | 3 | 2 | $7137.9% | 1/7/2025 |
| 625 Highland Avenue, Santa Cruz, CA 95060 | $1,675,000 | 1,680 | 2 | 2 | $99750.8% | 1/31/2025 |
| 135 Tree Frog Lane, Santa Cruz, CA 95060 | $915,000 | 1,288 | 2 | 2 | $7107.5% | 1/7/2025 |
| 135 Tree Frog Lane, Santa Cruz, CA 95060 | $915,000 | 1,288 | 2 | 2 | $7107.5% | 1/7/2025 |
| 928 Walnut Avenue, Santa Cruz, CA 95060 | $1,710,000 | 1,664 | 2 | 2 | $1,02855.5% | 1/6/2025 |
2030 N Pacific Avenue #332, Santa Cruz, CA 95060
Price: $1,049,500
Sq.Ft: 1,472
Beds/Baths: 3/2
$/Sq.Ft:
$7137.9%
Sale Date: 1/7/2025
2030 Pacific Avenue #332, Santa Cruz, CA 95060
Price: $1,049,500
Sq.Ft: 1,472
Beds/Baths: 3/2
$/Sq.Ft:
$7137.9%
Sale Date: 1/7/2025
625 Highland Avenue, Santa Cruz, CA 95060
Price: $1,675,000
Sq.Ft: 1,680
Beds/Baths: 2/2
$/Sq.Ft:
$99750.8%
Sale Date: 1/31/2025
135 Tree Frog Lane, Santa Cruz, CA 95060
Price: $915,000
Sq.Ft: 1,288
Beds/Baths: 2/2
$/Sq.Ft:
$7107.5%
Sale Date: 1/7/2025
135 Tree Frog Lane, Santa Cruz, CA 95060
Price: $915,000
Sq.Ft: 1,288
Beds/Baths: 2/2
$/Sq.Ft:
$7107.5%
Sale Date: 1/7/2025
928 Walnut Avenue, Santa Cruz, CA 95060
Price: $1,710,000
Sq.Ft: 1,664
Beds/Baths: 2/2
$/Sq.Ft:
$1,02855.5%
Sale Date: 1/6/2025
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