Score
0Los Gatos, CA
475 Maymens Flat Rd
1.1M
2 beds
1 baths
960 sqft
2 bd • 1 ba • 960 sf
This analysis was generated 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
$1,135
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
Property History
Price History
Ownership Timeline
$0Cash Purchase
Apr 24, 2024Phoenix Holdings Group IncPhoenix Holdings Group Xix Inc
Intrafamily Transfer
Non-Arm's Length Transactions
$855,000Cash Purchase
May 6, 2021Joanne EhrichLibra Holdings Inc, Phoenix Holdings Group Inc
Grant Deed
Standard Sale (Purchase/Resales)
$449,000Financed
Mar 17, 2015Georgia K Hilgeman, The Georgia K Hilgeman TrustJoanne Ehrich
Grant Deed
Standard Sale (Purchase/Resales)
$165,000Cash Purchase
Oct 2, 2003Donald E Frank, Donald E Frank Revocable TrustGeorgia K Hilgeman, The Georgia K Hilgeman Trust
Grant Deed
Standard Sale (Purchase/Resales)
$85,000Cash Purchase
Jun 1, 1998Oswald David WDonald E Frank, Donald E Frank Revocable Trust
Grant Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$3,370
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