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475 Maymens Flat Rd
Los Gatos, CA

475 Maymens Flat Rd

$1,090,000
2 bd • 1 ba • 960 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

$1,090,000

Price/Sq.Ft

$1135

Year Built

2010

AI Property Analysis

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

The Good

This property offers exceptional value with its expansive 5-acre lot, priced at $218,000 per acre, which is 30% below the average of $311,000 per acre for similar-sized lots in the area. The panoramic ocean views significantly enhance its appeal and potential value. Built in 2010, it's relatively new compared to the median home age of 1974 in Los Gatos, potentially reducing immediate maintenance costs. The off-grid solar power system, valued at approximately $20,000-$30,000, provides energy independence and long-term cost savings. The property's gated entrance, estimated to add $5,000-$10,000 in value, enhances security and privacy. Its location in Santa Cruz County offers a unique blend of natural beauty and proximity to urban amenities, with Santa Cruz just 22 miles away. The minimal flood risk score of 1/10 is significantly better than the county average of 4/10, potentially leading to lower insurance costs.

The Bad

At $1,135.42 per square foot, the property is priced 62% above the Los Gatos median of $700 per square foot, indicating potential overpricing. The 960 square foot living space is considerably smaller than the Los Gatos median of 2,200 square feet, limiting its appeal to larger families. With only 2 bedrooms and 1 bathroom, it falls short of the typical 3-4 bedroom, 2-3 bathroom homes in the area. The 146 days on market is significantly higher than the Los Gatos average of 32 days, suggesting potential issues with marketability or pricing. The lack of traditional utilities may deter some buyers, potentially limiting the pool of interested parties. The property's rural location means limited access to public services and potentially longer emergency response times.

The Ugly

The severe fire risk score of 7/10 is a major concern, potentially leading to insurance premiums 50-100% higher than average, or even difficulty obtaining coverage. The estimated annual insurance cost of $3,924 is already 30% above the Los Gatos average of $3,000. The severe air quality risk (8/10) with 16 bad air days per year could pose health risks and affect outdoor activities. The property's remote location may result in significant additional costs for road maintenance, estimated at $2,000-$5,000 annually. The off-grid systems, while beneficial, require specialized maintenance and eventual replacement, with battery systems typically needing replacement every 10-15 years at a cost of $10,000-$15,000. The lack of traditional utilities may complicate financing, potentially limiting buyer options and resale value.

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 ideally suited for environmentally conscious buyers with a household income of $200,000+ who prioritize privacy, sustainability, and connection to nature. It's perfect for those seeking a weekend retreat or planning to work remotely, particularly in creative or agricultural industries. The property appeals to entrepreneurs interested in boutique farming, wine-making, or cannabis cultivation, given its 5-acre lot and favorable climate. It's well-suited for couples or small families comfortable with minimalist living and off-grid systems. Investors looking for unique short-term rental opportunities could capitalize on the property's distinctive features and views, potentially achieving nightly rates of $250-$350 based on comparable unique rentals in the area.

Not For

This property is not suitable for families requiring 3+ bedrooms or more than 1,000 square feet of living space. It's impractical for those with a daily commute to Silicon Valley, given its remote location. Buyers seeking modern conveniences or those uncomfortable with off-grid living should look elsewhere. It's not ideal for individuals with respiratory issues due to the high air quality risk. The property is unsuitable for buyers with a budget under $1 million or those unable to manage the potential additional costs associated with off-grid systems and rural property maintenance.
Demographics
Area Median Income

$161,971

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Risk Assessment

Climate Risks

airSEVERE

16 bad air quality days per year

fireSEVERE

Insurance: Required

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

heatMINIMAL

4 extreme heat days per year

98th percentile: 91°F

windMINIMAL

Insurance: Optional

Risk Analysis

The severe fire risk (7/10) poses a significant threat to the property and may result in insurance difficulties or extremely high premiums. The off-grid systems, while beneficial, carry risks of failure and high replacement costs. The remote location may lead to challenges with emergency services and potential road access issues during extreme weather. The property's unique features may limit its pool of potential buyers, potentially affecting future resale value. Zoning laws and regulations regarding cannabis cultivation should be thoroughly investigated, as changes could impact the property's potential uses. The high air quality risk could lead to health issues and potentially affect the property's long-term desirability.
Insurance
Annual Cost

$3,924

$327 per month

Financials

Monthly Costs

Price History

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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