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4555 Paul Sweet Rd
Santa Cruz, CA

4555 Paul Sweet Rd

$1,698,000
3 bd • 3 ba • 2,880 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,698,000

Price/Sq.Ft

$590

Year Built

1997

AI Property Analysis

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

The Good

This hilltop hacienda offers exceptional value with its unique Southwest style architecture, canyon views, and spacious 2,880 sqft layout. At $589.58/sqft, it's priced competitively for the Santa Cruz market. The property boasts energy-efficient features including solar panels and a wood-burning stove, potentially reducing utility costs by 30-40%. The separate studio with private entrance adds flexibility for rental income (est. $2,000/month) or multi-generational living. Recent upgrades include a new deck and railing, enhancing outdoor living space. The Tesla EV charger and additional EV compatibility add $5,000-$7,000 in value. With a minimal flood risk score of 1/10, it outperforms the area average, potentially lowering insurance costs.

The Bad

The property has been on the market for 148 days, suggesting potential overpricing or limited buyer pool. Multiple price reductions (totaling 18.7% since August 2024) indicate initial overvaluation. The shared well with one neighbor may pose future maintenance and water rights complications. The air quality risk score of 7/10 is concerning, with 13 bad air days per year potentially impacting outdoor enjoyment and health. The carport, rather than a garage, may be seen as a downgrade for some buyers in this price range.

The Ugly

The $6,112.80 annual insurance cost is significantly higher than average, likely due to fire risk (3/10) and the property's unique features. Estimated monthly ownership costs are high: $8,490 ($5,660 mortgage at 3% down + $510 insurance + $850 property tax + $300 utilities + $1,170 maintenance/repairs). The 1997 build means major systems may need replacement soon: roof ($20,000-$30,000), HVAC ($10,000-$15,000). The stairs from the carport to the home entrance could be a accessibility concern for some buyers. The workspace below the carport may not be properly permitted, potentially requiring costly upgrades or removal.

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 ideal for buyers with household income above $300,000, seeking a unique, architect-designed home with stunning views. It's perfect for those who value energy efficiency and have the means to handle higher-than-average ownership costs. The separate studio makes it suitable for multi-generational families or those looking for rental income potential. Work-from-home professionals will appreciate the dedicated workspace and quiet location. EV owners, particularly Tesla drivers, will benefit from the charging infrastructure.

Not For

Not suitable for first-time homebuyers or those with limited budgets due to high monthly costs. The unique style and hilltop location may not appeal to buyers seeking a more traditional or easily accessible home. Those with respiratory issues should consider the high air quality risk score. Not ideal for investors seeking immediate positive cash flow, as the potential rental income ($4,980/month for 3-bed) falls short of the estimated monthly costs ($8,490).
Demographics
Area Median Income

$121,538

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Risk Assessment

Climate Risks

airSEVERE

13 bad air quality days per year

fireMODERATE

Insurance: Recommended

heatMODERATE

7 extreme heat days per year

98th percentile: 86°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

Fire risk (3/10) and severe air quality risk (7/10) may lead to increasing insurance premiums and potential health concerns. The shared well introduces potential water rights and maintenance disputes. The property's unique style may limit the buyer pool during resale. Multiple price reductions suggest potential market softening or overvaluation. The workspace and studio may not be properly permitted, potentially leading to legal or renovation costs. Climate change could exacerbate wildfire and air quality risks in the coming years.
Insurance
Annual Cost

$6,113

$509 per month

Financials

Monthly Costs

Price History

Property Taxes

$9,789
2024 Tax Assessment
2.9%from previous year
Assessed Value$833,511
Tax Rate1.17%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

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