4010 Lost Springs Dr

• Severe fire risk: The property has a severe fire risk (7/10), leading to high insurance premiums (estimated at $4,662/year). This poses a significant financial and safety concern for potential buyers. • High insurance costs: The estimated annual insurance cost of $4,662 is substantial and must be factored into the monthly budget. This is largely due to the fire risk. • Major air quality risk: The air quality risk is rated as major (5/10), with 7 bad air days per year. This could impact health and require measures like air filtration systems. • Moderate heat risk: The moderate heat risk (4/10), with a 98th percentile temperature of 97°F and 7 hot days per year, may require additional cooling measures and increase utility costs. • High purchase price: The purchase price of $1,295,000 is very high, reflecting the high cost of homes in Calabasas. Buyers should carefully consider their budget and ability to afford this amount. • Potential for high property taxes: California has high property taxes, and Calabasas is no exception. This will add to the monthly cost of ownership. • 123.3% price increase: The property was sold in 2003 for $580,000. The current listing price is $1,295,000, representing a 123.3% increase, which may indicate an inflated valuation. • Days on Market: The property has been on the market for 17 days, which is not significant but could indicate that buyers are hesitating due to price or other concerns.