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308 River St UNIT B23
Score
0
Santa Cruz, CA

308 River St UNIT B23

688K
2 bd • 1 ba • 757 sf

This analysis was generated on 1/16/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$688,000

Price/Sq.Ft

$909

Year Built

1993

AI Property Analysis

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

The Good

This charming 2-bedroom penthouse condo offers a prime location with easy access to beaches, vibrant downtown Santa Cruz, and UC Santa Cruz. The property features modern updates like new laminate flooring and stainless steel appliances. The cozy fireplace adds warmth, while the private deck provides stunning views. Community amenities include a pool, BBQ areas, and access to the San Lorenzo River levee trail. This condo is ideal for busy professionals or those seeking a second home.

The Bad

The property has a relatively high HOA fee of $677 per month, which may impact affordability. Additionally, the lack of cooling systems might be a concern during warmer months. The square footage is modest at 757, which might not suit those looking for more space.

The Ugly

A significant concern is the property's location in a flood zone, with a severe flood risk score of 7. Flood insurance is recommended and possibly required, adding to the overall cost of ownership.

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 for young professionals, university staff, or second-home buyers who desire a low-maintenance lifestyle in a vibrant coastal city. It's ideal for those who appreciate modern amenities and community features.

Not For

This condo is not ideal for families seeking larger living spaces or those who prefer a standalone home with a private yard. Additionally, buyers who are sensitive to high HOA fees or flood-related risks may want to avoid this property.
Demographics
Area Median Income

$93,839

Property History

Price History
Ownership Timeline
$0Cash Purchase
Sep 24, 2022
Shakil Langha, Shiba M SurtiAshiana Family Llc
Correction Deed
Non-Arm's Length Transactions
$560,000Financed
Oct 4, 2021
Steven Gregori, Kymberly BronziniShakil Langha, Shiba M Surti
Grant Deed
Standard Sale (Purchase/Resales)
$515,000Financed
Oct 17, 2019
Jessica RessSteve Gregori, Kymberly D Bronzini
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 11, 2019
Steve Gregori, Kymberly D BronziniSteve Gregori, Kymberly Bronzini
Intrafamily Transfer
Non-Arm's Length Transactions
$368,000Financed
Jul 22, 2014
The A N Warburton Iii Trust, Alfred N Warburton IiiJessica Ress
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 21, 2009
Alfred Newcombe Warburton IiiThe A N Warburton Iii Trust, Alfred N Warburton Iii
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Aug 14, 2001
Kathy VerhinesAlfred Newcombe Warburton Iii
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Mar 29, 1996
Alfred Newcombe Warburton IiiAlfred Newcombe Warburton Iii
Intrafamily Transfer
Non-Arm's Length Transactions
$129,000Financed
Dec 20, 1993
River Street PlaceAlfred Newcombe Warburton Iii
Grant Deed
Standard Sale (Purchase/Resales)

Property Taxes

$6,853
2024 Tax Assessment
1.2%from previous year
Assessed Value$582,624
Tax Rate1.18%

Sunlight Analysis

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

Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

5.0/10
Average

Middle

6.0/10
Good

High

7.3/10
Good

Financials

Monthly Costs
Market Rent (2 bed)

$3,860

Get a detailed estimate on Zillow
HOA Fee

$677

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$688,000
Price/sqft
$909
Layout
2 bd•1 ba
Days on market
49 daysat time of analysis

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$728,000

5.5%

Your price is 5.5% below average

Median Price

$730,000

5.8%

Based on 3 recent sales

Price per Sq.Ft

$921

1.3%

Your price is 1.3% below average $/sqft

Comparable Properties

112 Ocean Street, Santa Cruz, CA 95060
Price: $855,000
Sq.Ft: 828
Beds/Baths: 2/1
$/Sq.Ft:
$1,03313.6%
Sale Date: 10/11/2024
2030 Pacific Avenue #325, Santa Cruz, CA 95060
Price: $730,000
Sq.Ft: 901
Beds/Baths: 2/1
$/Sq.Ft:
$81010.9%
Sale Date: 9/19/2024
605 Pacific Avenue #302, Santa Cruz, CA 95060
Price: $599,000
Sq.Ft: 650
Beds/Baths: 1/1
$/Sq.Ft:
$9221.4%
Sale Date: 7/25/2024

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