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301 Crescent Ave
Santa Maria, CA

301 Crescent Ave

$715,000
3 bd • 2 ba • 1,499 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$715,000

Price/Sq.Ft

$477

Year Built

1980

AI Property Analysis

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

The Good

The property at 301 Crescent Ave boasts several attractive features. At $476.98/sqft, it's priced competitively compared to the Santa Maria average of $485/sqft for similar homes. The 1,499 sqft layout is spacious and well-utilized, with the conversion of a fourth bedroom into a custom walk-in closet adding a touch of luxury. The home has appreciated significantly, showing a 36.2% increase since its last sale in 2021, outperforming the local market average of 25% over the same period. The backyard is a standout feature with a jacuzzi, pergola, and diverse fruit orchard, adding both aesthetic and practical value. RV parking with 50-amp service is a rare amenity that expands the property's versatility. The home's location near Pine Grove Elementary School (rated 8/10) is excellent for families. Climate risk is generally low, with minimal flood (1/10) and wind (1/10) risks, potentially leading to lower insurance premiums.

The Bad

While the property has many positives, there are some concerns. The fire risk is major (5/10) and the air quality risk is significant (6/10), which could lead to higher insurance costs and potential health concerns. The home's age (built in 1980) suggests potential for upcoming major system replacements. The estimated insurance cost of $2,574/year is relatively high, likely due to the fire risk. The property lacks central air conditioning, relying on ceiling fans, which may be inadequate during hotter months. The local school options for higher grades are less impressive, with Orcutt Junior High and Ernest Righetti High School rated 5/10 and 6/10 respectively.

The Ugly

The most concerning aspect is the major fire risk (5/10), which not only increases insurance costs but also poses a significant safety concern. The high air quality risk (6/10) with 8 bad air days per year could be problematic for residents with respiratory issues. The property's appreciation rate, while positive, may not be sustainable long-term, potentially leading to market volatility. The lack of central air conditioning in a region that experiences up to 7 hot days per year (with temperatures reaching 87°F) could necessitate a costly HVAC installation in the future. The home's age (43 years) suggests that major systems (plumbing, electrical, roofing) may need replacement in the near future, potentially costing $20,000-$40,000.

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. Families with young children, given the proximity to a highly-rated elementary school and the spacious backyard. 2. Buyers with household incomes around $180,000-$200,000, based on the purchase price and estimated monthly costs. 3. RV owners or those needing extra parking space, due to the dedicated RV parking area. 4. Gardening enthusiasts or those interested in sustainable living, given the established fruit orchard. 5. Buyers looking for a move-in ready home with recent updates and luxury touches like the custom walk-in closet. 6. Those who prioritize outdoor living spaces, with the jacuzzi and pergola offering great entertainment potential.

Not For

This property is not ideal for: 1. Buyers on a tight budget, given the $715,000 price tag and potential for high maintenance costs. 2. Those with severe respiratory issues, due to the high air quality risk. 3. Investors looking for high rental yields, as the purchase price may limit rental profitability. 4. Families with older children, given the lower-rated options for junior high and high schools. 5. Buyers seeking new construction or extremely energy-efficient homes. 6. Those who require central air conditioning without additional investment. 7. Risk-averse buyers concerned about potential natural disasters, particularly wildfires.
Demographics
Area Median Income

$99,418

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Risk Assessment

Climate Risks

airMAJOR

8 bad air quality days per year

fireMAJOR

Insurance: Required

heatMINOR

7 extreme heat days per year

98th percentile: 87°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

1. Fire Risk: The major fire risk (5/10) is a significant concern, potentially leading to higher insurance premiums and safety issues. 2. Air Quality: With a 6/10 risk and 8 bad air days per year, this could impact health and quality of life. 3. Potential for Major Repairs: Given the home's age (43 years), significant systems may need replacement soon. 4. Market Volatility: The rapid appreciation (36.2% since 2021) may not be sustainable, risking potential market corrections. 5. Climate Change Impact: Increasing temperatures could exacerbate the lack of central air conditioning. 6. Insurance Costs: At $2,574/year, insurance is relatively high and may increase due to fire risk. 7. Water Scarcity: Santa Maria's location in drought-prone California could lead to water use restrictions, impacting the garden and orchard. 8. Soil Conditions: Santa Maria's clay soils could potentially cause foundation issues over time. 9. Seismic Activity: Being in a seismically active region, earthquake damage is a potential risk. 10. Agricultural Proximity: Nearby farmland could lead to pesticide drift concerns.
Insurance
Annual Cost

$2,574

$215 per month

Financials

Monthly Costs

Price History

Property Taxes

$7,224
2024 Tax Assessment
1.5%from previous year
Assessed Value$557,134
Tax Rate1.30%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$689,833

-3.5% below list price

Median Price

$699,000

Based on 6 recent sales

Price per Sq.Ft

$459

Comparable Properties

1133 George Drive, Santa Maria, CA 93455
Price: $650,000
Sq.Ft: 1,264
Beds/Baths: 3/2
$/Sq.Ft:
$5147.8%
Sale Date: 11/27/2024
1133 George Drive, Santa Maria, CA 93455
Price: $650,000
Sq.Ft: 1,264
Beds/Baths: 3/2
$/Sq.Ft:
$5147.8%
Sale Date: 11/27/2024
1147 Patterson Road, Santa Maria, CA 93455
Price: $749,000
Sq.Ft: 1,726
Beds/Baths: 4/2
$/Sq.Ft:
$4349.0%
Sale Date: 11/15/2024
1147 Patterson Road, Santa Maria, CA 93455
Price: $749,000
Sq.Ft: 1,726
Beds/Baths: 4/2
$/Sq.Ft:
$4349.0%
Sale Date: 11/14/2024
1137 Via Alta, Santa Maria, CA 93455
Price: $699,000
Sq.Ft: 1,429
Beds/Baths: 3/2
$/Sq.Ft:
$4892.6%
Sale Date: 9/15/2024
564 Hartnell Road, Santa Maria, CA 93455
Price: $642,000
Sq.Ft: 1,742
Beds/Baths: 3/2
$/Sq.Ft:
$36922.7%
Sale Date: 10/26/2024

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