40 S Circle Dr

• Inflated Initial Listing Price and Subsequent Reduction: The property was initially listed at $5,900,000, a 1375% increase from its 2014 sale price of $400,000. The subsequent 6.8% price reduction to $5,500,000 after 175 days on the market suggests the initial price was significantly overvalued, potentially deterring buyers. • Extremely High Estimated Insurance Cost: The estimated annual insurance cost of $19,800 is exceptionally high, representing approximately 0.36% of the property's value. This could be due to a combination of factors, including the home's high value, location in a fire-prone area, and potential earthquake risks. This dramatically increases the total cost of ownership. • Air Quality Risk: The severe air quality risk (7/10) with 13 bad air days per year poses a significant health concern. This could necessitate the installation of high-end air filtration systems, adding to the cost and maintenance burden for potential buyers. • Crime Statistics: While violent and property crime rates are slightly below state and national averages, the total crime rate of 1411.5 per 100,000 residents indicates a need for enhanced security measures. The robbery rate is 39.2% higher than the national average, which is a significant safety concern. • Limited Rental Income Potential: Despite the option of a 4-bedroom rental, the estimated rental income of $5350 per month would not cover the high mortgage payments, property taxes, and insurance costs. This makes the property a less attractive investment for those seeking rental income.