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9525 York Rd
Monterey, CA

9525 York Rd

$1,314,500
3 bd • 2 ba • 2,114 sf

This analysis was generated by artificial intelligence on 1/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$1,314,500

Price/Sq.Ft

$622

Year Built

AI Property Analysis

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

The Good

• The property offers 3 bedrooms and 2 bathrooms, which is suitable for families or individuals needing more space. • The property is located in Monterey, CA, a desirable area with a high median income ($91,165), which suggests a stable and affluent community. • The rental rates in Monterey are high, with a 3-bedroom unit averaging $5,090 per month. This could be a positive for potential investors, though more property specifics are needed to estimate ROI. • A 2,114 sqft house provides a reasonable amount of living space. • The active status of the listing indicates that the property is currently available for purchase, which is a benefit for interested buyers.

The Bad

• The lack of a property description, room details, and utility information makes it difficult to accurately assess the home's condition and features. This lack of transparency is a significant drawback for potential buyers. • The unknown build year makes it impossible to evaluate the property's structural integrity, potential maintenance needs, and compliance with current building codes. Older homes often come with higher maintenance and repair costs. • At 2,114 sqft, the home's size might not be suitable for all buyers, especially those seeking a larger living space for a 3-bedroom house. • The absence of listed property features means it is hard to determine if it has any desirable amenities that would justify the high price and competition in the area. • The high price per square foot ($621.81) indicates that the property is likely more expensive than other areas, and may not be affordable for some buyers in the current market.

The Ugly

• The unknown year built poses a significant risk, as older homes are typically more expensive to maintain and may have hidden issues (e.g., foundation problems, outdated plumbing, or electrical systems). This could lead to unexpected costs. • The lack of any property description or features makes it challenging to determine the home's true condition. This lack of transparency increases the potential for unpleasant surprises after purchase. • The high price per square foot ($621.81) combined with the lack of specific details suggests the property might be overpriced for its actual value. • Without any utility information, it is impossible to estimate monthly costs, which can vary significantly depending on the property's age, insulation, and efficiency. • The combination of high purchase price, property taxes, insurance, and potential maintenance costs may render this property unaffordable for many buyers. The total cost of ownership could be significantly higher than expected.

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

• High-income buyers seeking a 3-bedroom home in a competitive market like Monterey. Given the median income of $91,165, this property would likely be best suited for households with significantly higher incomes to handle the mortgage, taxes, and insurance, possibly $200,000+. • Buyers comfortable with the high cost of living in Monterey who prioritize location over square footage. • Purchasers who are prepared for potential challenges related to older homes and are willing to invest in necessary upgrades and maintenance. • Individuals or families that do not rely heavily on public transportation and can afford vehicle ownership. • Those who value the military presence in the area for its stability and economic impact, and are not bothered by potential noise or traffic.

Not For

• Budget-conscious buyers who are not prepared for the high home prices and cost of living in Monterey. This property is likely not suitable for those looking for a bargain or first-time homebuyers with limited funds. • Buyers who require large living spaces, as the 2,114 square feet might be considered small by some, especially for a 3-bedroom home. • Individuals or families who are risk-averse to coastal hazards such as erosion, sea-level rise, and earthquakes, and are not ready for the related insurance costs. • Those who prefer a quiet, secluded living environment, as the property is likely impacted by the military presence, tourism, and limited public transportation. • Buyers who seek newer homes with modern infrastructure, since this property's age is unknown, and could require significant upgrades.
Demographics
Area Median Income

$91,165

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Risk Assessment

Risk Analysis

• **High Competition and Overbidding:** Due to limited inventory and high demand, the property could sell quickly, and overbidding might be necessary to secure it. • **Unknown Age and Condition:** The lack of a specified build year increases the risk of hidden issues and maintenance costs. A thorough inspection is crucial to avoid surprises. • **Coastal Hazards:** The property's location in Monterey exposes it to risks like coastal erosion, sea-level rise, and earthquakes. Insurance premiums are likely to be higher, and long-term risks must be considered. • **Strict Regulations:** Monterey’s strict building codes and permitting processes can make renovations complex and costly. Any plans for modifications need to be carefully reviewed with local authorities. • **Limited Public Transportation:** The reliance on personal vehicles and the scarcity of public transportation pose a risk for those without reliable transportation. • **High Property Taxes:** Given the high property values in Monterey, the annual property tax bill will be significant, adding to the overall ownership cost. • **Microclimates:** The fog and microclimates in Monterey can impact the living experience, and it is important to visit the property at different times to understand the local conditions.

Financials

Monthly Costs
Market Rent (3 bed)

$5,090

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Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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