Score
0Soquel, CA
994 Laurel Grove Dr
2.9M
5 beds
4 baths
2,438 sqft
5 bd • 4 ba • 2,438 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
0:000:00 / 0:00
List Price
$2,900,000
Price/Sq.Ft
$1,189
Year Built
1993
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 20-acre mountain ridge-top property in Soquel, CA offers exceptional value and unique features. At $1,189.50/sqft, it's priced competitively for the area, considering the extensive land and multiple structures. The property boasts two residences (main house and ADU) plus an extra-large artist studio, providing versatile living and creative spaces. The main house, built in 1993, features 5 bedrooms and 4 bathrooms across 2,438 sqft, with high ceilings, skylights, and open beam ceilings enhancing the sense of space. The property's 20+ fruit trees (including avocado, orange, lemon, lime, and persimmon) offer potential for sustainable living or small-scale agriculture. With a minimal flood risk (1/10) and wind risk (1/10), the property benefits from lower natural disaster concerns compared to many coastal California properties.
The Bad
The property's $2,900,000 price tag, while justified by its features, limits the pool of potential buyers. Its location on a mountain ridge-top, while offering privacy and views, may present accessibility challenges, especially during inclement weather. The moderate fire risk (4/10) is a concern given the property's wooded surroundings. The severe air quality risk (7/10) with 13 bad air days per year could impact outdoor enjoyment and potentially health. The property has been on the market for 85 days, suggesting potential market resistance at this price point. The estimated annual insurance cost of $10,440 is substantial and should be factored into overall ownership costs.
The Ugly
The property's price history reveals significant volatility, with a previous listing at $6,700,000 in October 2023, followed by a dramatic 53.7% decrease to $3,100,000 in August 2024, and a further 6.5% reduction to the current $2,900,000. This instability in pricing could indicate challenges in accurately valuing the property or potential underlying issues. The property's unique features and large acreage may make it difficult to find comparable sales, potentially impacting future resale value. The rural location likely means reliance on septic systems and possibly well water, which can be costly to maintain or replace. The property's size and features (multiple buildings, extensive landscaping) suggest high maintenance costs and time commitment.
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 ideal for affluent buyers seeking a private retreat or family compound, with a household income of $350,000+ (based on a 28% front-end DTI ratio for a 20% down payment on a 30-year mortgage at current rates). It's perfect for those valuing privacy, nature, and space for creative pursuits or hosting extended family. The property suits hobby farmers or gardening enthusiasts due to the existing fruit trees and ample land. It could also appeal to investors looking to create a boutique retreat center or high-end vacation rental, capitalizing on the multiple structures and serene setting.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to its high price point and potential maintenance costs. It's impractical for buyers seeking easy access to urban amenities or those who prioritize walkability (Walk Score likely very low). The property isn't ideal for those with limited mobility due to its likely hilly terrain and multi-level main house. Buyers sensitive to air quality issues should be cautious given the severe air quality risk. It's not appropriate for those seeking a low-maintenance lifestyle or investors looking for a straightforward, easily manageable rental property.
Demographics
Area Median Income
$105,508
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jan 27, 2013Michael B Brown, June K Tokuyama BrownMichael B Brown, June K Tokuyama Brown
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jul 12, 2000Michael B Brown, June K Tokuyama BrownMichael B Brown, June K Tokuyama Brown
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Mar 2, 1998Peter Zajda, Nancy ZajdaPeter Zadja, Nancy Zadja
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Dec 28, 1993Michael B Brown, June K Tokuyama BrownMichael B Brown, June K Tokuyama Brown
Grant Deed
Non-Arm's Length Transactions
$0Cash Purchase
Aug 5, 1991Peter Zajda, Nancy ZajdaMichael B Brown, June K Tokuyama
Grant Deed
Non-Residential Arm's Length Transactions
Property Taxes
$8,455
2024 Tax Assessment
1.7%from previous year
Assessed Value$742,000
Tax Rate1.14%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$2,320
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,900,000
Price/sqft
$1,189
Layout
5 bd•4 ba
Days on market
84 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$1,865,000
55.5%
Your price is 55.5% above average
Median Price
$1,865,000
55.5%
Based on 2 recent sales
Price per Sq.Ft
$932
27.6%
Your price is 27.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 420 Aurora Road, Soquel, CA 95073 | $1,865,000 | 2,002 | N/A | N/A | $93221.7% | 7/29/2024 |
| 420 Aurora Road, Soquel, CA 95073 | $1,865,000 | 2,002 | 5 | 5 | $93221.7% | 7/29/2024 |
420 Aurora Road, Soquel, CA 95073
Price: $1,865,000
Sq.Ft: 2,002
Beds/Baths: N/A/N/A
$/Sq.Ft:
$93221.7%
Sale Date: 7/29/2024
420 Aurora Road, Soquel, CA 95073
Price: $1,865,000
Sq.Ft: 2,002
Beds/Baths: 5/5
$/Sq.Ft:
$93221.7%
Sale Date: 7/29/2024
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