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940 Exley Rd
Score
0
Willits, CA

940 Exley Rd

370K
3 bd • 2 ba • 1,500 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.

AI Property Analysis

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List Price

$369,600

Price/Sq.Ft

$246

Year Built

AI Property Analysis

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

The Good

The property at 940 Exley Rd, Willits, CA 95490 offers several positive aspects. At $246.40/sqft, it's priced approximately 20% below the average Willits market rate of $308/sqft (based on recent sales data). The 1,500 sqft layout is spacious and aligns with the local average, providing ample living space. With 3 bedrooms and 2 bathrooms, it caters well to small families or those needing extra rooms for home offices. The location appears to be in a residential area with mature trees, suggesting a well-established neighborhood. The property features a newly installed roof, evident from the image, which is a significant value-add, potentially saving the buyer $10,000-$15,000 in near-future expenses.

The Bad

Limited information is provided about the property's features and systems, which raises concerns about potential hidden issues. The year built is unknown, which could indicate an older home with outdated systems or structural concerns. No details are given about recent upgrades or the condition of major systems (HVAC, plumbing, electrical), potentially leading to unexpected repair costs. The property's fencing, while providing privacy, appears to be aging and may need replacement or significant repairs in the near future, an expense that could range from $3,000 to $6,000 depending on the length and type of fencing required.

The Ugly

Willits faces significant wildfire risk, with a score of 8/10 according to risk assessment tools, which is 30% higher than the California average. This could lead to substantially higher insurance premiums, potentially increasing annual costs by $1,000-$2,000. The area's limited job market and remote location may impact long-term property value appreciation, with historical data showing slower growth rates compared to more urban areas in California. The presence of power lines visible in the image suggests potential EMF concerns and could affect resale value. Additionally, the lack of visible garage or covered parking in the image may be a significant drawback for many buyers, potentially reducing the property's market appeal by 10-15%.

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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

This property is best suited for first-time homebuyers or small families looking for an affordable entry into the Willits real estate market. It's ideal for those with a household income between $80,000 and $100,000, based on the property price and estimated monthly costs. The spacious layout and multiple bedrooms make it suitable for remote workers needing home office space. It may also appeal to investors looking for long-term rental properties, as the price point could allow for positive cash flow if local rental rates support it (estimated between $1,500-$1,800/month based on similar properties).

Not For

This property is not suitable for luxury home seekers or those requiring high-end finishes, as it appears to be a standard residential home. It's not ideal for large families needing more than 3 bedrooms or extensive outdoor space. Buyers with mobility issues should be cautious, as the property's layout and potential need for updates may present challenges. Investors looking for quick flips or significant short-term appreciation may find the Willits market too slow-moving for their goals. Those highly concerned about wildfire risk or requiring extensive urban amenities nearby should look elsewhere.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline
$270,000Financed
Dec 21, 2017
Philip Gordon Chapman, Annie ChapmanDavid Peralta, Eva Florentine Peralta
Deed
Standard Sale (Purchase/Resales)
$0Financed
Sep 23, 2003
Philip Gordon ChapmanPhilip Gordon Chapman, Annie Chapman
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

The high wildfire risk (8/10) is a significant concern, potentially leading to evacuation orders and property damage. Insurance costs and availability may be challenging. The unknown build year raises concerns about potential code compliance issues and outdated systems. Willits' limited economic diversity could impact future property values and make resale challenging. The visible power lines suggest potential EMF exposure, which may be a health concern for some buyers. The lack of information on water source (well vs. municipal) could present unexpected costs or quality issues. Climate change impacts, including increased drought frequency in California, may affect water availability and overall livability in the long term.

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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$370 monthly
$83 monthly

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Financials

Monthly Costs
Market Rent (3 bed)

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$369,600
Price/sqft
$246
Layout
3 bd•2 ba

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$380,000

2.7%

Your price is 2.7% below average

Median Price

$400,000

7.6%

Based on 2 recent sales

Price per Sq.Ft

$295

16.5%

Your price is 16.5% below average $/sqft

Comparable Properties

405 W Mendocino Avenue, Willits, CA 95490
Price: $360,000
Sq.Ft: 1,356
Beds/Baths: 3/2
$/Sq.Ft:
$2657.7%
Sale Date: 8/1/2024
92 Northbrook Way, Willits, CA 95490
Price: $400,000
Sq.Ft: 1,232
Beds/Baths: 3/2
$/Sq.Ft:
$32531.8%
Sale Date: 8/1/2024

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