41 Grandview St APT 1001

• **Severe Air Quality Risk:** The severe air quality risk (8/10) with 15 bad air days per year is a significant health concern. This could impact the desirability of the property for individuals with respiratory issues and may lead to higher healthcare costs. • **High Insurance Costs:** The estimated insurance cost of $2,336.4 per year is substantial and reflects the moderate fire risk and severe air quality risk. This adds to the overall cost of ownership. • **Potential for Hidden Costs:** Given the age of the building (1989), there is potential for unforeseen maintenance and repair costs. Older plumbing, electrical systems, and HVAC may require upgrades or repairs, which can be expensive. • **Limited Space:** At 692 sq ft, the condo is small, which may not be suitable for those needing more living space. The single-bedroom layout limits its appeal to those requiring additional bedrooms or larger living areas. • **High Total Cost of Ownership:** The combination of a high purchase price ($649,000), high property taxes, and insurance costs will result in substantial monthly carrying costs. This makes it less affordable for a large segment of the potential buying pool. • **Competitive Market:** The extremely competitive Santa Cruz market means that buyers are likely to face multiple offers and bidding wars, which may drive up the final purchase price. This also means there could be appraisal issues that could delay or kill the transaction. • **Potential for HOA Increases:** While the HOA includes gas, the potential for future increases in fees must be considered, as they can significantly impact monthly carrying costs.