675 S Sierra Ave UNIT 15

• **High Estimated Insurance Costs:** The estimated annual insurance cost of $6,246 is significantly high, which is a major added expense for potential buyers. This likely reflects the property's coastal location and the associated risks, potentially making ownership more expensive than other inland properties. • **Potential for Hidden Maintenance Costs:** Although the property has some updates, the age of the building (1972) suggests that there could be hidden maintenance issues. This could lead to unexpected expenses for repairs and replacements in the future, and could be a major concern for less experienced buyers. • **Price Instability:** The property's history shows significant price increases, with a 15% increase from $1,500,000 to the current listing price of $1,725,000 in just over a year, followed by a recent 0.6% increase to $1,735,000. The fluctuation in price may be a sign of market instability or that the property is overpriced in the current market, and the 177 days on the market support this. • **Coastal Environment Risks:** While flood and fire risks are minimal, the property is still subject to the potential long-term effects of coastal erosion and sea-level rise. These risks can be difficult to predict and could impact property value and insurance rates over time. The proximity to the bluff also presents risk from potential erosion. • **Potential for Train Noise:** The property's proximity to the Coaster train line may lead to noise pollution, which could be a concern for some buyers. While the description mentions the soothing sounds of the ocean, the train noise should also be considered, especially if the property is close to the tracks.