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2450 Begonia Pl
Santa Cruz, CA

2450 Begonia Pl

$1,495,000
3 bd • 2 ba • 1,355 sf

This analysis was generated by artificial intelligence on 1/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,495,000

Price/Sq.Ft

$1103

Year Built

1963

AI Property Analysis

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

The Good

This Santa Cruz beach home offers a bright, newly updated interior with three bedrooms plus an office, making it perfect for families. The chef's kitchen with Calacatta white quartz countertops and stainless appliances is a highlight, along with a large backyard ideal for entertaining or adding an ADU. Located minutes from Pleasure Point and Capitola, it provides easy access to top dining and surf spots. The home boasts a park-like exterior and a new deck for outdoor gatherings, plus a finished garage and new driveway.

The Bad

The property is priced at $1,495,000, which might be high for some buyers given the size of 1,355 square feet. The area is experiencing high demand and low inventory, which could lead to competitive bidding. Additionally, the flood zone status, although minimal risk, could potentially increase insurance costs.

The Ugly

There are no major red flags with this property. However, the ongoing competitive market and potential for multiple offers might deter some buyers. The high property tax of $11,271.92 annually is another consideration for long-term affordability.

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 families or professionals seeking a turnkey beach home with modern amenities and proximity to Santa Cruz's vibrant lifestyle. It's also suitable for those interested in adding an ADU for rental income or extended family.

Not For

This property may not be suitable for budget-conscious buyers or those looking for a large living space, as the square footage is relatively modest for the price. It's also not ideal for individuals seeking rural seclusion or those averse to flood zone properties.
Demographics
Area Median Income

$91,801

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Risk Assessment

Risk Analysis

While the property is in an area of minimal flood hazard, it's still important to consider potential insurance implications. The competitive market in Santa Cruz means buyers should be prepared for bidding wars. Additionally, staying informed about local zoning changes or development plans is crucial for long-term investment security.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,262,167

-15.6% below list price

Median Price

$1,385,000

Based on 6 recent sales

Price per Sq.Ft

$987

Comparable Properties

1477 Bulb Avenue, Santa Cruz, CA 95062
Price: $1,418,000
Sq.Ft: 1,328
Beds/Baths: 3/2
$/Sq.Ft:
$1,0683.2%
Sale Date: 10/30/2024
1200 Capitola Road #24, Santa Cruz, CA 95062
Price: $745,000
Sq.Ft: 1,208
Beds/Baths: 3/2
$/Sq.Ft:
$61744.1%
Sale Date: 10/19/2024
1430 Eastcrest Court, Santa Cruz, CA 95062
Price: $1,400,000
Sq.Ft: 1,294
Beds/Baths: 3/2
$/Sq.Ft:
$1,0821.9%
Sale Date: 9/23/2024
3890 Reposa Avenue, Santa Cruz, CA 95062
Price: $1,300,000
Sq.Ft: 1,391
Beds/Baths: 3/2
$/Sq.Ft:
$93515.3%
Sale Date: 9/6/2024
2720 Placer Street, Santa Cruz, CA 95062
Price: $1,325,000
Sq.Ft: 1,128
Beds/Baths: 3/2
$/Sq.Ft:
$1,1756.5%
Sale Date: 10/24/2024
940 32nd Avenue, Santa Cruz, CA 95062
Price: $1,385,000
Sq.Ft: 1,320
Beds/Baths: 4/2
$/Sq.Ft:
$1,0494.9%
Sale Date: 9/3/2024

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