Score
0Chula Vista, CA
2264 Huntington Point Rd UNIT 104
649K
2 beds
3 baths
1,410 sqft
2 bd • 3 ba • 1,410 sf
This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$649,000
Price/Sq.Ft
$460
Year Built
2005
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 2-bedroom, 3-bathroom condominium in Chula Vista offers excellent value at $460.28/sqft, which is approximately 10% below the average of $511/sqft for similar properties in the area. The 1,410 sqft layout is spacious for a 2-bedroom unit, providing ample living space. Recent upgrades include a remodeled kitchen with an island, newer flooring, and a new A/C system, enhancing both comfort and value. The property features solar panels, which can significantly reduce electricity costs (estimated 30-40% savings on average). Built in 2005, it's relatively new and well-maintained by the original owners. The location is prime, with highly-rated schools nearby (Marshall Elementary 8/10, Eastlake High 9/10) and easy access to amenities. The absence of Mello-Roos taxes is a significant financial benefit, potentially saving owners thousands annually. The attached 2-car garage with direct access and an extra parking space add convenience and value in a area where parking can be at a premium.
The Bad
The property has been on the market for 102 days, which is significantly above the average of 45 days for Chula Vista, suggesting it may be slightly overpriced or there might be hidden issues. The recent 3% price reduction indicates the sellers are adjusting to market feedback. The estimated insurance cost of $2,336.40/year is on the higher side, likely due to the elevated fire risk (6/10). While the solar panels are a plus, the transferable financing or negotiation required could complicate the transaction. The condo is part of an HOA, but the fees are not disclosed, which could be a significant additional cost to consider in the total cost of ownership.
The Ugly
The major fire risk (6/10) is a significant concern, potentially leading to higher insurance premiums and the need for additional fire safety measures. The moderate heat risk (4/10) with 6 hot days per year could result in increased cooling costs and potential discomfort. The property's appreciation since its last sale in 2005 (52% over 19 years) is below average, indicating potential for slower future appreciation compared to other areas. The alcove mentioned as a potential office space is not a true third bedroom, which might limit the property's appeal to larger families or those needing dedicated office space. The negotiable or transferable solar panel financing could be complex and potentially costly, depending on the terms.
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 ideal for small families, couples, or single professionals with a household income around $150,000-$180,000, aligning with the area's median income of $150,284. It's perfect for first-time homebuyers or those downsizing from larger homes who value modern amenities and energy efficiency. The property suits those prioritizing good schools and a family-friendly neighborhood. Investors could also consider this property, with potential rental income around $3,600/month for a two-bedroom unit, although the current price point may limit immediate cash flow potential.
Not For
This property is not suitable for larger families needing more than two bedrooms or those requiring a dedicated home office. It's not ideal for buyers on a tight budget, as the total cost of ownership (including potential HOA fees and higher insurance costs) could be substantial. Those highly concerned about climate risks, particularly fire danger, may want to look elsewhere. Investors seeking immediate high cash flow might find the current price point challenging for positive returns without significant appreciation.
Demographics
Area Median Income
$150,284
Property History
Price History
Ownership Timeline
$426,000Financed
Oct 3, 2005Shea Homes LpSergio Morlett, Irasema Paredes De Morlett
Grant Deed
New Construction Residential Transactions
Property Taxes
$2,894
2024 Tax Assessment
1.7%from previous year
Assessed Value$247,554
Tax Rate1.17%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.9/10
AverageMiddle
6.0/10
GoodHigh
7.5/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$649,000
Price/sqft
$460
Layout
2 bd•3 ba
Days on market
103 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$780,625
16.9%
Your price is 16.9% below average
Median Price
$783,000
17.1%
Based on 6 recent sales
Price per Sq.Ft
$532
13.5%
Your price is 13.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1104 La Vida Court, Chula Vista, CA 91915 | $753,750 | 1,325 | 3 | 3 | $56923.6% | 11/14/2024 |
| 2340 Greenbriar #D, Chula Vista, CA 91915 | $783,000 | 1,600 | 3 | 3 | $4896.3% | 12/6/2024 |
| 2009 Clearwater Place, Chula Vista, CA 91913 | $810,000 | 1,532 | 3 | 3 | $52914.9% | 11/5/2024 |
| 2494 Mackenzie Creek Road, Chula Vista, CA 91914 | $885,000 | 1,523 | 3 | 3 | $58126.2% | 11/1/2024 |
| 2332 Cabo Bahia, Chula Vista, CA 91914 | $680,000 | 1,246 | 3 | 3 | $54618.6% | 11/13/2024 |
| 1153 La Vida Ct, Chula Vista, CA 91915 | $772,000 | 1,607 | 3 | 3 | $4804.4% | 11/14/2024 |
1104 La Vida Court, Chula Vista, CA 91915
Price: $753,750
Sq.Ft: 1,325
Beds/Baths: 3/3
$/Sq.Ft:
$56923.6%
Sale Date: 11/14/2024
2340 Greenbriar #D, Chula Vista, CA 91915
Price: $783,000
Sq.Ft: 1,600
Beds/Baths: 3/3
$/Sq.Ft:
$4896.3%
Sale Date: 12/6/2024
2009 Clearwater Place, Chula Vista, CA 91913
Price: $810,000
Sq.Ft: 1,532
Beds/Baths: 3/3
$/Sq.Ft:
$52914.9%
Sale Date: 11/5/2024
2494 Mackenzie Creek Road, Chula Vista, CA 91914
Price: $885,000
Sq.Ft: 1,523
Beds/Baths: 3/3
$/Sq.Ft:
$58126.2%
Sale Date: 11/1/2024
2332 Cabo Bahia, Chula Vista, CA 91914
Price: $680,000
Sq.Ft: 1,246
Beds/Baths: 3/3
$/Sq.Ft:
$54618.6%
Sale Date: 11/13/2024
1153 La Vida Ct, Chula Vista, CA 91915
Price: $772,000
Sq.Ft: 1,607
Beds/Baths: 3/3
$/Sq.Ft:
$4804.4%
Sale Date: 11/14/2024
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