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2457 Hart Ave
Score
0
Santa Clara, CA

2457 Hart Ave

1.8M
3 bd • 2 ba • 1,438 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$1,799,999

Price/Sq.Ft

$1,252

Year Built

1955

AI Property Analysis

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

The Good

• Desirable Location: Situated in the 'heart of Santa Clara' on a 'quiet, tree-lined street,' the property benefits from a prime location. Proximity to Pruneridge Golf Club and Maywood Park adds to its appeal. • Commuter Convenience: The property offers 'easy access to highways and expressways,' making it ideal for commuters working in Silicon Valley. This accessibility is a significant advantage in the Bay Area. • Rental Income Potential: As of 2023, a 3-bedroom property in Santa Clara can command approximately $3,750 in monthly rent. This presents a solid investment opportunity, especially given the high demand for housing in the area. • Proximity to Tech Companies: The property's location near major tech companies like Nvidia and Apple makes it highly desirable for employees in the tech industry. This proximity drives up demand and property values.

The Bad

• High Price per Square Foot: At $1251.74 per square foot, this property is significantly more expensive than the median for Santa Clara. This premium may not be justified unless the upgrades are exceptional and recent. • Moderate School Ratings: The proximity to schools is a plus, but the ratings (6/10, 5/10, 7/10) are only moderate. This could be a drawback for families prioritizing top-tier education. Compare these ratings to other schools in the area. • Limited Property Details: The lack of listed property features makes it difficult to assess the true value of the upgrades mentioned in the description. Request a detailed list of all upgrades, including dates and costs. • Pending Sale History: The pending sale on 2025-02-03 suggests a potential issue with a previous buyer. Investigate the reasons for the failed transaction to identify any underlying problems.

The Ugly

• Major Flood Risk: A flood risk of 5/10 is a significant concern. The FEMA Zone designation 'X_SHADED' and the 'CRITICAL' insurance implication indicate a high probability of flooding, potentially leading to property damage and increased insurance costs. Investigate the specific flood history of the property and surrounding area. • High Estimated Insurance Costs: The estimated annual insurance cost of $6,479.9964 is exceptionally high, primarily due to the flood risk. This significantly increases the overall cost of ownership. Obtain multiple insurance quotes and explore potential mitigation measures to reduce premiums. • Significant Price Increase: The 202.5% price increase since 2009 raises questions about the justification for the current listing price. Conduct a thorough comparative market analysis to ensure the price aligns with current market conditions and recent sales of comparable properties. • Air Quality Risk: The 'SEVERE' air quality risk (7/10) and 13 bad air days per year are concerning. This may impact outdoor activities, respiratory health, and potentially decrease the property's appeal to health-conscious buyers. Research local air quality trends and consider the long-term implications.

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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

• Tech Professionals: Given its proximity to major tech companies like Nvidia and Apple, this property is ideal for those seeking a short commute. Easy access to highways and expressways further enhances its appeal for commuters. • Families Prioritizing Education: Located within walking distance of C. W. Haman Elementary School (rated 6/10), Buchser Middle School (rated 5/10), and Santa Clara High School (rated 7/10), this home suits those valuing educational proximity. Consider the impact of school ratings on long-term property value. • Buyers Seeking Outdoor Living: The 'entertainer's backyard' with mature fruit trees offers an appealing space for relaxation and social gatherings. Those who value outdoor living and gardening will find this feature particularly attractive. • Long-Term Investment-Focused Buyers: While the initial price point is high, Santa Clara's consistent property appreciation trend makes this an appealing long-term investment. The property's 202.5% increase in value since 2009 underscores this potential.

Not For

• Buyers Sensitive to Flood Risk: The property's 'MAJOR' flood risk (5/10) and FEMA Zone designation may deter those seeking minimal flood exposure. The 'CRITICAL' insurance implication further underscores this concern. • Buyers on a Strict Budget: With a price per square foot of $1251.74 and high estimated insurance costs, this property may not suit buyers seeking affordability. The overall cost of ownership is significantly above average. • Individuals Prioritizing Air Quality: The 'SEVERE' air quality risk (7/10) and 13 bad air days per year make this property less suitable for those with respiratory sensitivities or those prioritizing clean air. • Buyers Requiring Top-Rated Schools: While the property is near schools, their ratings (6/10, 5/10, 7/10) may not meet the expectations of buyers seeking top-tier educational institutions.
Demographics
Area Median Income

$107,311

Property History

Price History
Ownership Timeline
$595,000Financed
Dec 30, 2008
Philip Williams, The Williams Family TrustMohsen Mohammadi, Nicole M Christon
Grant Deed
Standard Sale (Purchase/Resales)

Property Taxes

$8,868
2024 Tax Assessment
1.0%from previous year
Assessed Value$751,182
Tax Rate1.18%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 95050. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$1,510,000
$961/sqft
3.6%
Change from last month
Your price: $1.8M (+19%)
Your price/sqft: $1,252/sqft (+30%)
46
14 sold last month
43.8%
Change from last month
23 days
Average for homes in this area
89.3%
Change from last month
This property: 28 days (+22%)

Sale Price Distribution

Last month
6
Over Asking
homes
3
At Asking
homes
5
Under Asking
homes
Total: 14 homes sold

If you're buying a home in 95050, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Sale Time Distribution

Last month
10
Under 30 Days
homes
Your property
3
30-90 Days
homes
1
Over 90 Days
homes
Total: 14 homes sold

Many homes in 95050 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

airMAJOR

13 bad air quality days per year

floodMODERATE

FEMA Zone: Moderate Risk Area

Insurance: Required

heatMODERATE

7 extreme heat days per year

98th percentile: 93°F

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Safety Analysis

74/100
Good

Based on data from Cupertino Police Department

Total Crime Rate
900.0
per 100,000 residents
Violent Crime Rate
166.0
per 100,000 residents
Property Crime Rate
725.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
154
Property Crimes
768
2023
Violent Crimes
178
15.6%
Property Crimes
700
8.9%

Risk Analysis

• High Insurance Costs: The 'MAJOR' flood risk (5/10) significantly increases insurance premiums, potentially adding thousands of dollars annually to the cost of ownership. Obtain detailed flood zone information and consider mitigation measures. • Air Quality Concerns: The 'SEVERE' air quality risk (7/10) with 13 bad air days per year may require ongoing investment in air purification systems and could affect resale value. Research local air quality trends and potential mitigation strategies. • School Rating Considerations: While the property is near schools, the ratings (6/10, 5/10, 7/10) may impact long-term property value and appeal to families. Analyze school performance data and consider the impact on future resale potential. • Market Volatility: As part of Silicon Valley, Santa Clara's real estate market is susceptible to fluctuations based on the tech industry's performance. Economic downturns could impact property values. Monitor local economic indicators and diversify investments.
Insurance
Annual Cost

$6,480

$540 per month

Cost & Affordability

Monthly Costs

Breakdown of estimated monthly expenses for this property

Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements

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$1,800 monthly
$540 monthly

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Schools

Westwood Elementary School

PublicGrades K-5
7/10
Elementary
392 students

Santa Clara High School

PublicGrades 9-12
6/10
High
1,967 students

C. W. Haman Elementary School

PublicGrades K-5
6/10
Elementary
381 students

Sutter Elementary School

PublicGrades K-5
6/10
Elementary
456 students

Buchser Middle School

PublicGrades 6-8
5/10
Middle
1,011 students

Financials

Monthly Costs
Market Rent (3 bed)

$3,750

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Location & Comparables

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