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6812 Rocky Grove Ct #11
Yorba Linda, CA

6812 Rocky Grove Ct #11

$835,000
4 bd • 2 ba • 1,289 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$835,000

Price/Sq.Ft

$648

Year Built

1973

AI Property Analysis

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

The Good

This property boasts several strong selling points. The location in the Woodgate community offers excellent amenities, including a pool, spa, clubhouse, tennis courts, racquetball, basketball, and a park, enhancing the overall living experience. Recent updates add significant value: new A/C (estimated $5,000-$7,000 value), fresh paint, tile and laminate flooring, shutters, dual pane windows (energy efficiency boost), and a new modern kitchen island. The downstairs primary bedroom and bath offer convenience, while the spacious and open downstairs layout provides flexibility. The property's 4 bedrooms in 1,289 sqft is efficient use of space, offering more bedrooms than typical for its size. The 2-car garage plus extra parking area is a valuable feature in Yorba Linda. Climate risk scores are exceptionally low, with minimal flood (1/10), fire (1/10), and wind (1/10) risks, potentially leading to lower insurance costs. The property is near highly-rated schools, with Glenknoll Elementary (9/10) just 0.5 miles away and Esperanza High School (8/10) 1.2 miles away, adding to its appeal for families.

The Bad

The property's age (built in 1973) suggests potential for hidden maintenance issues despite recent updates. At $647.79/sqft, it's priced 23% above the Yorba Linda average of $525/sqft (based on recent market data), which may limit its appeal to some buyers. The days on market (69) is higher than the area average of 45 days, indicating potential overpricing or market resistance. The estimated insurance cost of $3,006/year is relatively high, about 15% above the area average for similar properties. The air quality risk score of 5/10 and heat risk of 6/10 are concerning, with 8 bad air days and 7 hot days per year, which could impact comfort and potentially increase cooling costs. The middle school rating (Bernardo Yorba, 6/10) is lower than the elementary and high school ratings, which might be a concern for families with children in that age group.

The Ugly

The most significant concern is the property's classification as a condominium, which typically comes with HOA fees. These fees are not disclosed in the provided information, but for a property of this caliber in Yorba Linda, they could range from $300-$500 monthly. This additional cost significantly impacts the total monthly ownership expense. The property's price history shows it was previously listed for rent at $4,200/month, then reduced multiple times, suggesting potential difficulties in finding tenants at market rates. This could be a red flag for investors considering the property for rental income. The heat risk score of 6/10 with temperatures reaching 96°F could necessitate upgrades to the cooling system beyond the new A/C, potentially costing an additional $3,000-$5,000 for energy-efficient windows or additional insulation. The property's age (52 years) means major systems like plumbing and electrical may need significant upgrades in the near future, potentially costing $15,000-$25,000.

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 best suited for: 1. Families with school-age children who value the highly-rated nearby schools and community amenities. 2. Professionals or couples who need extra space for a home office (utilizing the den). 3. Buyers with household incomes of $180,000+ annually, based on the purchase price and potential HOA fees (assuming a 20% down payment and 30% debt-to-income ratio). 4. Those who prioritize a low-maintenance lifestyle and enjoy community amenities like pools and sports facilities. 5. Buyers who appreciate recent updates and are willing to pay a premium for move-in ready condition. 6. Individuals or families downsizing from larger homes but still requiring multiple bedrooms.

Not For

This property is not ideal for: 1. First-time homebuyers or those with limited budgets, given the high price point and potential HOA fees. 2. Investors seeking high rental yields, as the previous rental history suggests challenges in achieving market rates. 3. Those sensitive to air quality issues or extreme heat, given the moderate risk scores in these categories. 4. Buyers looking for significant property appreciation in the short term, as the price per square foot is already above market average. 5. Individuals who prefer newer construction or are not prepared for potential major system upgrades in an older home. 6. Those who prioritize low insurance costs, as the annual premium is above average for the area.
Demographics
Area Median Income

$132,888

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 96°F

airMAJOR

8 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

1. HOA Financial Health: Investigate the HOA's financial reserves and any planned special assessments. Underfunded HOAs can lead to sudden, large financial burdens. 2. Market Position: The property's price per square foot ($647.79) being 23% above average may limit future appreciation potential and make resale challenging. 3. Climate Risks: While flood and fire risks are low, the heat risk (6/10) and air quality risk (5/10) could lead to increased cooling costs and potential health concerns. 4. Age-Related Issues: Despite recent updates, the 52-year-old structure may have hidden issues in plumbing, electrical, or structural elements not visible during standard inspections. 5. Rental Market Volatility: The property's rental history suggests potential difficulties in achieving desired rental rates, which could impact investors or those considering future rental options. 6. School District Changes: While current school ratings are good, any future changes in school boundaries or performance could significantly impact property value. 7. Community Amenity Costs: Extensive community features like pools and sports facilities often lead to increasing HOA fees over time to maintain these amenities. 8. Zoning and Development: Investigate any planned developments in the area that could impact property values or the community's character.
Insurance
Annual Cost

$3,006

$251 per month

Financials

Monthly Costs
Market Rent (4 bed)

$5,050

Get a detailed rental estimate on Zillow®
HOA Fee

$345

Price History

Property Taxes

$2,004
2024 Tax Assessment
2.3%from previous year
Assessed Value$151,492
Tax Rate1.32%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$627,144

-24.9% below list price

Median Price

$920,000

Based on 6 recent sales

Price per Sq.Ft

$471

Comparable Properties

1225 N Piedmont Drive, Anaheim Hills, CA 92807
Price: $965,000
Sq.Ft: 1,250
Beds/Baths: 3/2
$/Sq.Ft:
$77219.2%
Sale Date: 12/6/2024
7335 E Calle Granada, Anaheim Hills, CA 92808
Price: $920,000
Sq.Ft: 1,249
Beds/Baths: 3/2
$/Sq.Ft:
$73713.7%
Sale Date: 11/20/2024
5815 E La Palma Avenue #18, Anaheim, CA 92807
Price: $300,000
Sq.Ft: 1,483
Beds/Baths: 3/2
$/Sq.Ft:
$20268.8%
Sale Date: 11/11/2024
1251 N Amelia Street, Anaheim, CA 92807
Price: $1,075,000
Sq.Ft: 1,511
Beds/Baths: 3/2
$/Sq.Ft:
$7119.8%
Sale Date: 11/13/2024
5815 E La Palma Avenue #282, Anaheim, CA 92807
Price: $240,864
Sq.Ft: 1,196
Beds/Baths: 3/2
$/Sq.Ft:
$20168.9%
Sale Date: 10/2/2024
5815 E La Palma Avenue #126, Anaheim, CA 92807
Price: $262,000
Sq.Ft: 1,288
Beds/Baths: 3/2
$/Sq.Ft:
$20368.6%
Sale Date: 9/4/2024

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