Score
0Mountain View, CA
470 Thompson Ave
2.0M
3 beds
2 baths
1,116 sqft
3 bd • 2 ba • 1,116 sf
This analysis was generated on 2/13/2025. 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
$1,998,000
Price/Sq.Ft
$1,790
Year Built
1954
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Updated Eichler Home: The property is an updated Eichler, blending modern amenities with mid-century modern architecture, which is a desirable style in Mountain View.
• New Upgrades: The home features a new kitchen, electrical panel, and split-system heating and air conditioning, reducing immediate maintenance concerns and enhancing comfort.
• Proximity to Amenities: The property is located a few hundred yards from a park, playground, fields, and a school, offering convenient access to recreational and educational facilities. Monta Loma Elementary School is 0.1 miles away.
• Minimal Climate Risks: The property has minimal flood and fire risks (both 1/10), reducing potential insurance concerns related to these hazards. The FEMA Zone is X, which is a low-risk area.
The Bad
• High Price per Square Foot: At $1790.32 per square foot, this property is significantly more expensive than average for the Mountain View area. Data from Zillow estimates the average price per square foot in Mountain View to be around $1,400.
• Moderate School Ratings: While the nearby schools are accessible, their ratings (5/10, 7/10, and 8/10) are not exceptional and may not appeal to buyers prioritizing top-tier education.
• High Estimated Insurance Costs: The estimated annual insurance cost of $7,192.8 is considerably high, potentially due to location-specific risks or property characteristics. This can add a substantial expense to the cost of ownership.
• Lack of Detailed Property Features: The property listing lacks specific details about additional features or amenities, making it difficult to fully assess its value and appeal.
The Ugly
• High Price for Size: With 3 bedrooms and 2 bathrooms in 1,116 square feet, the property may feel cramped for some buyers, especially considering the high price point of $1,998,000.
• Severe Air Quality Risk: The air quality risk is rated as severe (7/10), with an average of 13 bad air days per year. This could be a significant concern for health-conscious buyers or those with respiratory issues. The average air quality index for Mountain View is around 5/10, making this property higher risk.
• Potential for Overbidding: Given the competitive market in Mountain View, there is a risk of overpaying for the property due to bidding wars and escalation clauses.
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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 Prioritizing Location Near Parks and Schools: The property's proximity (few 100 yards) to a park, playground, fields, and school offers an attractive lifestyle for those who value these amenities.
• Buyers Who Appreciate Mid-Century Modern Architecture: The updated Eichler design combines modern amenities with classic mid-century modern aesthetics, appealing to those with an appreciation for this architectural style.
• Individuals seeking a low-maintenance outdoor space: The property features lush greenery and planter boxes ready for planting, creating a relaxing retreat with minimal upkeep.
• Buyers looking for a Move-In Ready Home: With a new kitchen, electrical panel, and heating/cooling system, this home requires minimal immediate investment or renovation.
Not For
• Buyers Seeking Larger Homes: With 1,116 square feet, this property may not be suitable for those who require more living space. The price per square foot is high at $1790.32.
• Buyers Sensitive to Air Quality: The severe air quality risk (7/10) with 13 bad air days per year may deter those with respiratory sensitivities.
• Buyers on a Strict Budget: The high property price ($1,998,000) and estimated annual insurance costs ($7,192.8) may be prohibitive for budget-conscious buyers.
• Buyers Unwilling to Compete in a Hot Market: Mountain View's real estate market is known for intense bidding wars and pre-emptive offers, requiring a willingness to compete aggressively.
Demographics
Area Median Income
$159,898
Property History
Price History
Ownership Timeline
$0Cash Purchase
Dec 1, 2022Christine Michelle Chun Quon, The Chun Family TrustChristine M Quon, Darrell J Chun
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$22,086
2024 Tax Assessment
24.3%from previous year
Assessed Value$1,851,912
Tax Rate1.19%
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Climate Risks
airMAJOR
13 bad air quality days per year
heatMODERATE
7 extreme heat days per year
98th percentile: 89°F
floodMINIMAL
FEMA Zone: Low to Moderate Risk Area
Insurance: Optional
fireMINIMAL
Insurance: Optional
windMINIMAL
Insurance: Optional
Risk Analysis
• High Insurance Costs: The estimated annual insurance of $7,192.8 is significantly high and may impact the overall cost of ownership. It is important to get an exact insurance quote to have a more precise number.
• Air Quality: The severe air quality risk (7/10) with 13 bad air days per year could pose health concerns and necessitate air purification systems, adding to the overall cost.
• Intense Market Competition: Mountain View's competitive real estate market may lead to bidding wars, driving the final purchase price above the asking price.
• Limited Property Details: The listing lacks detailed property features, making it difficult to assess the true value and condition of the home without a thorough inspection.
Insurance
Annual Cost
$7,193
$599 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$1,998 monthly
$599 monthly
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Schools
Showing top 5 of 7 schools
Henry M. Gunn High School
Public•Grades 9-12
9/10
High
2,006 students
Jane Lathrop Stanford Middle School
Public•Grades 6-8
9/10
Middle
1,137 students
Fairmeadow Elementary School
Public•Grades K-5
9/10
Elementary
445 students
Los Altos High School
Public•Grades 9-12
8/10
High
2,227 students
Gabriela Mistral Elementary
Public•Grades K-5
7/10
Elementary
373 students
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$4,340
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,998,000
Price/sqft
$1,790
Layout
3 bd•2 ba
Days on market
6 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,237,500
61.5%
Your price is 61.5% above average
Median Price
$1,550,000
28.9%
Based on 6 recent sales
Price per Sq.Ft
$1,182
51.5%
Your price is 51.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1940 Mount Vernon Court #14, Mountain View, CA 94040 | $550,000 | 1,128 | 2 | 2 | $48872.8% | 1/1/2025 |
| 1940 Mount Vernon Court #14, Mountain View, CA 94040 | $550,000 | 1,128 | 2 | 2 | $48872.8% | 1/1/2025 |
| 126 Greenmeadow Way, Palo Alto, CA 94306 | $1,550,000 | 1,131 | 2 | 2 | $1,37023.5% | 11/7/2024 |
| 2340 Craig Ct. Court, Mountain View, CA 94043 | $1,900,000 | 1,008 | 3 | 2 | $1,8855.3% | 11/22/2024 |
| 2340 Craig Ct. Court, Mountain View, CA 94043 | $1,900,000 | 1,008 | 3 | 2 | $1,8855.3% | 11/21/2024 |
| 2047 Montecito Avenue #20, Mountain View, CA 94043 | $975,000 | 1,000 | 2 | 2 | $97545.5% | 11/14/2024 |
1940 Mount Vernon Court #14, Mountain View, CA 94040
Price: $550,000
Sq.Ft: 1,128
Beds/Baths: 2/2
$/Sq.Ft:
$48872.8%
Sale Date: 1/1/2025
1940 Mount Vernon Court #14, Mountain View, CA 94040
Price: $550,000
Sq.Ft: 1,128
Beds/Baths: 2/2
$/Sq.Ft:
$48872.8%
Sale Date: 1/1/2025
126 Greenmeadow Way, Palo Alto, CA 94306
Price: $1,550,000
Sq.Ft: 1,131
Beds/Baths: 2/2
$/Sq.Ft:
$1,37023.5%
Sale Date: 11/7/2024
2340 Craig Ct. Court, Mountain View, CA 94043
Price: $1,900,000
Sq.Ft: 1,008
Beds/Baths: 3/2
$/Sq.Ft:
$1,8855.3%
Sale Date: 11/22/2024
2340 Craig Ct. Court, Mountain View, CA 94043
Price: $1,900,000
Sq.Ft: 1,008
Beds/Baths: 3/2
$/Sq.Ft:
$1,8855.3%
Sale Date: 11/21/2024
2047 Montecito Avenue #20, Mountain View, CA 94043
Price: $975,000
Sq.Ft: 1,000
Beds/Baths: 2/2
$/Sq.Ft:
$97545.5%
Sale Date: 11/14/2024
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