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27810 Bloomfield Ct
Valencia, CA

27810 Bloomfield Ct

$950,000
4 bd • 3 ba • 1,892 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

$950,000

Price/Sq.Ft

$502

Year Built

1997

AI Property Analysis

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

The Good

The property at 27810 Bloomfield Ct, Valencia, CA 91354 offers several attractive features: 1. Location: Situated in a quiet cul-de-sac, providing a peaceful setting. 2. Energy Efficiency: Owned, paid-off solar panels, which can significantly reduce electricity costs. 3. Low HOA: At $59/month, it's substantially lower than the area average, typically ranging from $200-$400/month in Valencia. 4. No Mello Roos: This tax-free status is a significant advantage in California, potentially saving thousands annually. 5. Recent Upgrades: Updated kitchen with quartz countertops and stainless steel appliances, remodeled primary bathroom, and luxury vinyl flooring add value and reduce immediate renovation needs. 6. Price Appreciation: The property has shown strong appreciation, increasing from $241,000 in 1998 to the current $950,000 listing price, representing a 294% increase over 27 years (about 5.2% annually). 7. School District: Excellent schools nearby, with ratings of 8/10 for elementary and junior high, and 9/10 for high school, enhancing long-term value. 8. Size: At 1,892 sqft, it's spacious for a 4-bedroom home, offering good value at $502.11/sqft, which is competitive for Valencia. 9. Features: Vaulted ceilings, three-sided fireplace, and ceiling fans in every bedroom add to the home's appeal and comfort. 10. Backyard: Large, private backyard suitable for entertaining and outdoor activities. 11. Climate Resilience: Low flood risk (1/10) and wind risk (1/10), reducing potential insurance costs and damage concerns.

The Bad

1. Price Point: At $950,000, it's above the median home value in Valencia (typically around $750,000-$800,000), which may limit the buyer pool. 2. Age of Home: Built in 1997, it's approaching 30 years old, which may mean some systems and structures are nearing the end of their lifespan. 3. Market Timing: Listed in January 2025, typically a slower season for real estate transactions, which could impact time on market. 4. Air Quality and Heat Risks: With severe ratings (7/10) for both, this could affect outdoor enjoyment and potentially increase cooling costs. 5. Lot Size: Not specified, but typical for the area, which may be smaller than some buyers prefer. 6. Potential for Outdated Features: While many upgrades are mentioned, some original features from 1997 may still be present and require updating. 7. Insurance Costs: Estimated at $3,420/year, which is on the higher side, likely due to the fire risk. 8. Limited Parking: No mention of extended parking beyond the standard two-car garage, which may be an issue for larger families or those with multiple vehicles. 9. Potential for High Energy Costs: Despite solar panels, the severe heat risk (7/10) suggests potentially high cooling costs during summer months. 10. Market Volatility: The significant price increase from the previous sale ($899,900 to $950,000 in less than a year) might indicate a volatile local market or potential overpricing.

The Ugly

1. Severe Fire Risk: With a fire risk rating of 8/10, this is a critical concern. It not only affects insurance rates but poses a genuine threat to the property and safety of occupants. Insurance costs are likely to increase over time, and in extreme cases, coverage might become difficult to obtain. 2. Rapid Price Appreciation: The property's value increased by 273.4% between February and April 2024 (from $899,900 to $950,000). This abnormal appreciation rate raises red flags about market stability and potential overvaluation. 3. Potential Hidden Issues: Despite recent upgrades, the home's age (28 years) suggests possible hidden problems. Major systems like plumbing, electrical, or HVAC might be nearing the end of their lifespan. Replacement costs could be substantial: - HVAC system: $5,000 - $10,000 - Roof replacement: $15,000 - $25,000 - Plumbing overhaul: $5,000 - $15,000 4. Air Quality Concerns: The severe air quality risk (7/10) with 14 bad air days per year could have long-term health implications and might necessitate expensive air filtration systems. 5. Heat Risk: The severe heat risk (7/10) with 5 extremely hot days per year could lead to: - Increased energy costs despite solar panels - Potential need for additional insulation or cooling systems - Accelerated wear on exterior paint and materials 6. Market Volatility: The rapid price changes in the property's recent history suggest a potentially unstable local market. This volatility could affect future resale value and make it difficult to accurately assess the property's true worth. 7. Potential for Natural Disasters: While flood and wind risks are low, the combination of severe fire, heat, and air quality risks indicates vulnerability to climate-related issues. This could lead to increased insurance costs, potential property damage, and periods of uninhabitability. 8. HOA Concerns: While the current HOA fee is low ($59/month), this could be unsustainable long-term. There's a risk of significant fee increases or special assessments if the HOA is underfunded for major repairs or improvements. 9. Solar Panel Maintenance: While owned solar panels are a plus, they will require maintenance and eventual replacement. Costs could range from $5,000 to $20,000 for system replacement in 10-15 years. 10. Potential for Overimprovement: The extensive upgrades, while attractive, might price the home above the neighborhood average. This could limit appreciation potential and make it harder to recoup investment upon resale.

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. Upper-middle-income families: With a price of $950,000, assuming a 20% down payment and current interest rates, the monthly mortgage payment would be around $4,500-$5,000. This suggests a household income of $150,000-$180,000 per year (using the 28% housing expense ratio). 2. Growing families: The 4-bedroom, 3-bathroom layout is ideal for families with children or those planning to expand. The proximity to highly-rated schools (8/10 and 9/10) makes it especially attractive for parents. 3. Energy-conscious buyers: The owned, paid-off solar panels will appeal to those looking to reduce their carbon footprint and energy costs. 4. Remote workers or telecommuters: The spacious layout and dedicated living areas could easily accommodate home offices. 5. Entertainers: The large, private backyard and open-concept living areas are perfect for those who enjoy hosting gatherings. 6. Move-up buyers: Those looking to upgrade from a smaller home or condo in the area will appreciate the space and amenities. 7. Tech-savvy homeowners: The updated electrical panel and modern amenities cater to those who value smart home capabilities. 8. Low-maintenance seekers: Recent upgrades and modern finishes mean less immediate work for new owners. 9. Long-term investors: The strong appreciation history (294% since 1998) suggests potential for continued value growth, especially given the desirable school district and ongoing development in Valencia. 10. Buyers prioritizing outdoor living: The private backyard and Valencia's generally good climate (despite some heat and air quality concerns) cater to those who enjoy outdoor activities.

Not For

This property is not ideal for: 1. First-time homebuyers: The $950,000 price point is likely out of reach for most first-time buyers in the area. 2. Budget-conscious buyers: With a median income in Valencia of $136,229, this home is priced above what many local families can afford. 3. Investors seeking immediate high rental yields: At the current price, achieving a strong cap rate through rental income would be challenging. Using the provided data for 4-bedroom rentals ($4,750/month), the gross rental yield would be only about 6% annually before expenses. 4. Those with respiratory issues: The severe air quality risk (7/10) with 14 bad air days per year could pose health risks for individuals with asthma or other respiratory conditions. 5. Retirees or downsizers: The two-story layout and larger size may not be suitable for those looking to simplify or reduce home maintenance responsibilities. 6. Buyers seeking new construction: Built in 1997, this home lacks the "brand new" appeal some buyers prefer. 7. Large or multigenerational families: While spacious, the 4-bedroom layout may not accommodate very large families or those planning for multigenerational living arrangements. 8. Buyers with mobility issues: The two-story design could be challenging for those with mobility concerns, especially if all bedrooms are upstairs (layout not specified). 9. Risk-averse buyers: The severe fire risk (8/10) and other climate-related concerns may be too stressful for some potential homeowners. 10. Short-term flippers: The recent price appreciation and upgrades suggest limited potential for quick, profitable resale without significant additional investment. 11. Buyers seeking extensive customization: The recent upgrades and HOA presence (even with low fees) may limit options for major renovations or exterior changes. 12. Those requiring extra parking: No mention of extended parking beyond the standard garage may be an issue for households with multiple vehicles.
Demographics
Area Median Income

$136,229

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Risk Assessment

Climate Risks

fireSEVERE

Insurance: Required

airSEVERE

14 bad air quality days per year

heatSEVERE

5 extreme heat days per year

98th percentile: 100°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

1. Fire Risk: The severe fire risk (8/10) is the most critical issue. This could lead to: - Dramatically increasing insurance premiums, potentially rising 50-100% over the next 5-10 years. - Difficulty obtaining or maintaining insurance coverage. - Potential for property damage or total loss. - Periods of mandatory evacuation during fire seasons. 2. Climate-Related Risks: - Heat Risk (7/10): Could increase cooling costs by 20-30% annually. - Air Quality Risk (7/10): May necessitate installation of whole-house air filtration systems ($2,000-$5,000). - These factors could impact outdoor livability and potentially property value. 3. Market Volatility: - The rapid price changes (273.4% increase in early 2024, followed by another 5.6% increase) suggest an unstable local market. - Risk of a market correction, potentially leading to a 10-20% value decrease in the short term. 4. Age-Related Issues: - At 28 years old, major systems may need replacement soon: * Roof: $15,000-$25,000 within 5-10 years * HVAC: $5,000-$10,000 within 2-5 years * Water Heater: $1,000-$3,000 within 2-5 years 5. HOA Risks: - Current low fee ($59/month) may be unsustainable. - Potential for significant increases or special assessments if reserves are inadequate. 6. Solar Panel Maintenance: - While currently beneficial, panels may need replacement in 10-15 years at a cost of $15,000-$25,000. 7. Insurance Costs: - Current high estimate ($3,420/year) likely to increase due to fire risk. - Potential for 50-100% increase over 5-10 years. 8. Potential for Overimprovement: - Extensive upgrades may have priced the home above neighborhood averages. - Could limit future appreciation potential. 9. Zoning and Development: - Potential for nearby development changing neighborhood character. - Risk of zoning changes affecting property use or value. 10. Economic Factors: - Rising interest rates could impact future resale value and buyer pool. - Local economic changes (e.g., major employer leaving) could affect home values. 11. Natural Disasters: - While flood and wind risks are low, earthquakes remain a concern in Southern California. - Seismic retrofitting may be necessary, costing $3,000-$7,000. 12. Potential Hidden Defects: - Despite upgrades, possibility of hidden issues due to age (e.g., plumbing, electrical). - Could lead to unexpected repair costs of $10,000-$30,000.
Insurance
Annual Cost

$3,420

$285 per month

Financials

Monthly Costs
Market Rent (4 bed)

$4,750

Get a detailed rental estimate on Zillow®
HOA Fee

$59

Price History

Property Taxes

$5,780
2024 Tax Assessment
2.8%from previous year
Assessed Value$369,418
Tax Rate1.56%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$788,832

-17.0% below list price

Median Price

$827,990

Based on 6 recent sales

Price per Sq.Ft

$444

Comparable Properties

27882 Skycrest Circle, Valencia, CA 91354
Price: $827,990
Sq.Ft: 1,815
Beds/Baths: 3/3
$/Sq.Ft:
$4569.1%
Sale Date: 12/7/2024
23417 Fairhaven Court, Valencia, CA 91354
Price: $860,000
Sq.Ft: 1,928
Beds/Baths: 3/3
$/Sq.Ft:
$44611.2%
Sale Date: 11/7/2024
24004 Cornelia Place, Valencia, CA 91354
Price: $760,000
Sq.Ft: 1,858
Beds/Baths: 4/3
$/Sq.Ft:
$40918.5%
Sale Date: 10/10/2024
27647 Spandau Drive, Saugus, CA 91350
Price: $855,000
Sq.Ft: 1,680
Beds/Baths: 3/3
$/Sq.Ft:
$5091.4%
Sale Date: 10/23/2024
24158 Arrowhead Court #80, Valencia, CA 91354
Price: $710,000
Sq.Ft: 1,698
Beds/Baths: 3/3
$/Sq.Ft:
$41816.7%
Sale Date: 10/10/2024
27938 Dickason Drive, Valencia, CA 91354
Price: $720,000
Sq.Ft: 1,698
Beds/Baths: 3/3
$/Sq.Ft:
$42415.6%
Sale Date: 10/10/2024

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