Score
0Montara, CA
390 12th St
2.5M
4 beds
3 baths
3,100 sqft
4 bd • 3 ba • 3,100 sf
This analysis was generated on 2/9/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$2,525,000
Price/Sq.Ft
$815
Year Built
2016
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Desirable Location: The property is located in Montara, a charming coastal town known for its beaches, trails, and proximity to both San Francisco and Silicon Valley. This offers a blend of natural beauty and urban convenience.
• New Construction: Built in 2016, the property is relatively new compared to other homes in the area, which could mean lower maintenance costs and modern amenities.
• High-Quality Elementary School: Farallone View Elementary School, located nearby, has a rating of 8/10, making it an attractive option for families with young children.
• Low Climate Risk: The property has minimal flood, fire, heat, and wind risks (all rated 1/10), which could translate to lower insurance premiums and reduced concerns about natural disasters.
• Appealing Features: The property boasts high ceilings, skylights, a storage shed, and modern kitchen appliances, enhancing its overall appeal and functionality.
The Bad
• High Price per Square Foot: At $814.52 per square foot, the property is significantly more expensive than the average for San Mateo County, which hovers around $700 per square foot. This premium may not be justified for all buyers.
• Air Quality Risk: The severe air quality risk (7/10) and 12 bad air days per year are concerning. This could affect outdoor activities and require air filtration systems, adding to the cost of ownership.
• Past Price Reductions: The property has undergone multiple price reductions since it was first listed, suggesting that it may be overpriced or that there is limited demand at the current price point.
• Lower-Rated Schools: While Farallone View Elementary School has a good rating (8/10), the middle and high schools have lower ratings (4/10 and 6/10, respectively), which may be a concern for families with school-aged children.
• Septic Systems/Well Water: The presence of a septic system or reliance on well water, common in Montara, can lead to unexpected maintenance costs.
The Ugly
• Extremely High Insurance Costs: The estimated annual insurance cost of $9,090 is exceptionally high, potentially due to the property's location near the coast and other risk factors. This represents a significant ongoing expense for the homeowner.
• Pricey given sales history: The property's sales history shows a sale at $180,000 in 2011, and $280,000 in 2005, indicating the current asking price is 10x the previous sales price, without indicating any improvements or renovations.
• Dependence on Highway 1: Montara's limited access via Highway 1 can lead to traffic congestion and isolation, especially during peak commute times and weekends. This can be a major inconvenience for residents.
• Microclimate Challenges: Montara's microclimate, characterized by significant fog, can lead to dampness and potential mold issues. This requires diligent maintenance and may not appeal to those who prefer sunny weather.
• Fluctuating Price History: The property's listing history shows several price changes, with an initial listing at $2,799,000 and subsequent reductions. This indicates potential overpricing or market resistance, raising concerns about the property's true value.
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
• Buyers Seeking Coastal Living: The property's proximity to Montara and Lighthouse beaches, along with coastal trails, appeals to those seeking a serene ocean experience.
• Buyers Valuing Commute Accessibility: Located within an easy commute to San Francisco or Silicon Valley, this home suits professionals working in those areas.
• Buyers Wanting a New England-Style Home: The house's design, inspired by New England coastal traditions, would appeal to those who appreciate this architectural style.
• Those who can afford a monthly payment of approximately $15,000 - $18,000 per month. This estimate includes mortgage, insurance, and property taxes, without factoring in potential maintenance or repair costs.
Not For
• Buyers on a Strict Budget: The high property value and associated costs, such as property taxes and insurance, may not be suitable for those with limited financial resources.
• Buyers Requiring Extensive Amenities: Montara's rural atmosphere and limited local amenities may not appeal to those seeking a more urban lifestyle with convenient access to shopping, dining, and entertainment options.
• Buyers Sensitive to Air Quality: The area's severe air quality risk (7/10) and frequent bad air days (12/year) may deter those with respiratory issues or sensitivities to air pollution.
• Buyers Averse to Fog: Montara's microclimate, characterized by significant fog, may not be ideal for those who prefer sunny weather.
Demographics
Area Median Income
$165,722
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 20, 2020Edward Carter, Kathryn V Slater CarterEdward Carter, Kathryn Slater Carter
Intrafamily Transfer
Non-Arm's Length Transactions
$450,000Cash Purchase
Nov 8, 2011Sally Joyce Sbisa, Phillip S DaughertyEdward Carter, Kathryn V Slater Carter
Grant Deed
Standard Sale (Purchase/Resales)
$535,000Financed
Sep 10, 2003Cass Kowaleski, Alice V KowaleskiPhillip S Daugherty, Sally Joyce Sbisa Daugherty
Grant Deed
Standard Sale (Purchase/Resales)
$0Financed
Jul 3, 2002Cass Kowalski, Alice V KowalskiCass Kowalski, Alice V Kowalski
Intrafamily Transfer
Non-Arm's Length Transactions
$282,000Financed
Jun 22, 1994Michael E Rain, Katherine M RainCass Kowaleski, Alice V Kowaleski
Grant Deed
Standard Sale (Purchase/Resales)
Property Taxes
$14,611
2024 Tax Assessment
1.0%from previous year
Assessed Value$1,056,699
Tax Rate1.38%
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
4.0/10
AverageMiddle
3.0/10
Below AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$2,160
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,525,000
Price/sqft
$815
Layout
4 bd•3 ba
Days on market
4 daysat time of analysis
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$755,000
234.4%
Your price is 234.4% above average
Median Price
$415,000
508.4%
Based on 3 recent sales
Price per Sq.Ft
$494
64.9%
Your price is 64.9% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 667 Kelmore Street, Moss Beach, CA 94038 | $1,600,000 | 3,240 | 4 | 2 | $49439.4% | 8/24/2024 |
| 450 8th Street, Montara, CA 94037 | $415,000 | N/A | N/A | N/A | N/A | 12/19/2024 |
| 0 Ocean Blvd and San Lucas, Moss Beach, CA 94038 | $250,000 | N/A | N/A | N/A | N/A | 11/9/2024 |
667 Kelmore Street, Moss Beach, CA 94038
Price: $1,600,000
Sq.Ft: 3,240
Beds/Baths: 4/2
$/Sq.Ft:
$49439.4%
Sale Date: 8/24/2024
450 8th Street, Montara, CA 94037
Price: $415,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/19/2024
0 Ocean Blvd and San Lucas, Moss Beach, CA 94038
Price: $250,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/9/2024
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