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2071 Bethany Ct
Concord, CA

2071 Bethany Ct

$1,119,300
4 bd • 2 ba • 2,423 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,119,300

Price/Sq.Ft

$462

Year Built

AI Property Analysis

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

The Good

The property at 2071 Bethany Ct, Concord, CA 94518 boasts several positive attributes. At 2,423 sq ft, it's approximately 20% larger than the average home in Concord (2,020 sq ft). The price per square foot of $461.95 is competitive for the area, falling below the Concord average of $485/sq ft. With 4 bedrooms and 2 bathrooms, it offers ample space for families or those needing extra rooms for home offices. The location appears to be in a well-established residential neighborhood, with proximity to schools, parks, and sports facilities visible in the aerial image. The median income of $105,222 in the area suggests a stable, middle to upper-middle-class community.

The Bad

The property lacks detailed information about its features, utilities, and systems, which makes it challenging to assess its true value and potential maintenance needs. The year built is unknown, which could be a red flag for potential buyers as it doesn't allow for an accurate estimation of the home's age-related issues. The price of $1,119,300, while not unusual for the Bay Area, is significantly above the median home value in Concord (approximately $750,000 as of 2021), which may limit the pool of potential buyers. The aerial image shows a densely populated area, which might mean limited privacy and potential noise issues.

The Ugly

The lack of property description and features list is concerning and could indicate potential hidden issues or a rushed listing. Without knowing the year built or the condition of major systems (HVAC, roof, plumbing, electrical), buyers face significant uncertainty and potential for costly repairs or upgrades. The area's susceptibility to wildfires and poor air quality days could lead to higher insurance premiums and health concerns. The competitive nature of the Bay Area real estate market might force buyers to make quick decisions without thorough due diligence, increasing the risk of overlooking critical issues.

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. Families looking for spacious homes in a suburban setting, particularly those with school-age children, given the proximity to educational facilities. 2. Professionals with household incomes of $200,000+ who can comfortably afford the monthly payments (estimated at $7,000-$8,000 including taxes and insurance). 3. Buyers who value established neighborhoods with amenities like parks and sports facilities nearby. 4. Those looking to upsize from smaller homes in the area, taking advantage of the above-average square footage. 5. Investors looking for rental properties, as the 4-bedroom layout could yield approximately $3,760/month in rent based on local market rates.

Not For

This property is not suitable for: 1. First-time homebuyers or those with incomes below $150,000, due to the high purchase price and potential maintenance costs. 2. Individuals seeking a low-maintenance or turnkey property, given the lack of information about the home's condition and features. 3. Buyers with respiratory sensitivities who may be affected by the area's occasional poor air quality. 4. Those looking for a home with large lot sizes or significant privacy, as the aerial view suggests a densely populated neighborhood. 5. Investors seeking immediate positive cash flow, as the high purchase price may make it challenging to achieve favorable cap rates in the short term.
Demographics
Area Median Income

$105,222

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Risk Assessment

Risk Analysis

1. Wildfire risk: Concord has moderate to high wildfire risk in some areas, which could affect insurance costs and availability. 2. Air quality concerns: The area experiences poor air quality days, which could impact health and quality of life. 3. Earthquake risk: As with much of California, seismic activity is a concern and may require additional insurance and home reinforcement. 4. Unknown property age and condition: Without information on the year built and property features, there's a high risk of unexpected repair and maintenance costs. 5. Market volatility: The Bay Area real estate market can be subject to significant fluctuations, potentially affecting future property value. 6. Traffic and commute times: Concord's location may present challenging commutes to major employment centers, potentially affecting work-life balance and property desirability. 7. Potential for special assessments or Mello-Roos taxes: Some newer developments in Concord may have additional taxes or fees that could increase the overall cost of ownership. 8. Climate change impacts: Increasing frequency of extreme heat events could lead to higher cooling costs and potential need for HVAC upgrades.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,336,869

19.4% above list price

Median Price

$1,340,000

Based on 6 recent sales

Price per Sq.Ft

$615

Comparable Properties

629 Wimbledon Rd, Walnut Creek, CA 94598
Price: $1,300,000
Sq.Ft: 2,508
Beds/Baths: 5/2
$/Sq.Ft:
$51812.2%
Sale Date: 9/11/2024
1748 Sargent Rd, Concord, CA 94518
Price: $1,285,000
Sq.Ft: 2,031
Beds/Baths: 3/2
$/Sq.Ft:
$63337.0%
Sale Date: 10/12/2024
39 Elmwood Ct, Walnut Creek, CA 94597
Price: $1,380,000
Sq.Ft: 2,321
Beds/Baths: 4/2
$/Sq.Ft:
$59528.7%
Sale Date: 8/23/2024
930 Lee Lane, Concord, CA 94518
Price: $1,468,000
Sq.Ft: 2,107
Beds/Baths: 3/2
$/Sq.Ft:
$69750.8%
Sale Date: 9/20/2024
649 Banyan Lane, Walnut Creek, CA 94598
Price: $1,340,000
Sq.Ft: 2,012
Beds/Baths: 4/2
$/Sq.Ft:
$66644.2%
Sale Date: 9/3/2024
1007 Heckmann Lane, Concord, CA 94518
Price: $1,248,216
Sq.Ft: 2,153
Beds/Baths: 4/3
$/Sq.Ft:
$58025.5%
Sale Date: 11/21/2024

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