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2264 Huntington Point Rd UNIT 104
Chula Vista, CA

2264 Huntington Point Rd UNIT 104

$649,000
2 bd • 3 ba • 1,410 sf

This analysis was generated by artificial intelligence 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

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Risk Assessment

Climate Risks

fireMAJOR

Insurance: Required

heatMODERATE

6 extreme heat days per year

98th percentile: 94°F

airMODERATE

3 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The major fire risk (6/10) is the most significant concern, potentially leading to insurance challenges and safety issues. The moderate heat risk could result in higher cooling costs and potential discomfort during peak summer months. The solar panel financing arrangement needs careful review to understand long-term financial implications. The property's below-average appreciation history suggests potential for slower future value growth. Unknown HOA fees could significantly impact the total cost of ownership. The longer time on market might indicate hidden issues or overpricing, potentially affecting future resale value.
Insurance
Annual Cost

$2,336

$195 per month

Financials

Monthly Costs
Market Rent (2 bed)

$3,600

Get a detailed rental estimate on Zillow®
HOA Fee

$420

Price History

Property Taxes

$2,894
2024 Tax Assessment
1.7%from previous year
Assessed Value$247,554
Tax Rate1.17%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$780,625

20.3% above list price

Median Price

$783,000

Based on 6 recent sales

Price per Sq.Ft

$532

Comparable Properties

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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