Score
0Santa Cruz, CA
115 Belvedere Ter
1.3M
2 beds
2 baths
1,336 sqft
2 bd • 2 ba • 1,336 sf
Educational Use Only — NOT an appraisal or professional advice. — NOT professional advice. See terms
AI Property Analysis
0:000:00 / 0:00
List Price
$1,349,000
Price/Sq.Ft
$1,010
Year Built
1955
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Desirable central location: The property's proximity to boutique shopping, popular restaurants, DeLaveaga Golf Course, and hiking trails makes it highly attractive to those seeking convenience and an active lifestyle. This is a highly desirable location.
• Move-in ready condition: The property description highlights recent upgrades, including an EV garage plug-in, custom office built-ins, a new laundry room, master closet built-ins, hall bath updates, new dishwasher, disposal, front yard, and fencing. This suggests that the house is ready for immediate occupancy without requiring significant renovations.
• Charming vintage features: The home's decorative recessed ceiling, arched entryways, wood-burning fireplace, and lush landscaping provide a unique aesthetic appeal. These features add to the property's charm and character.
• Functional upgrades: The upgraded utility room with a pantry and hidden tankless water heater enhances the property's functionality. The detached office provides a separate space for remote work or creative projects. The steam shower is also a nice feature.
• Peaceful setting: The property's location on a quiet, dead-end street offers a peaceful living environment, which is a desirable feature for many buyers. The backyard's jasmine archways, twinkle lighting, and bird sanctuary add to the serene atmosphere.
The Bad
• High price per square foot: At $1009.73 per square foot, the property is significantly more expensive than the national average. This may make it less appealing to budget-conscious buyers, even for Santa Cruz.
• Older construction: Being built in 1955, the property may have older systems (plumbing, electrical, foundation) that could require future repairs or upgrades. This can lead to unexpected costs for the buyer.
• Limited bedroom count: With only 2 bedrooms, the property may not be suitable for larger families or those who need extra space. This could limit the pool of potential buyers.
• No explicit utility information: The listing does not provide details about utilities (gas, electric, water, sewer). This lack of information makes it difficult to estimate monthly costs and could hide potential issues.
• Days on market: While not excessively long, 58 days on market exceeds the average for a competitive market such as Santa Cruz. This might indicate that the asking price is too high, or that there are issues with the property that potential buyers notice.
The Ugly
• Earthquake risk: Santa Cruz is located near several active fault lines, increasing the risk of earthquakes. This could result in significant property damage and require expensive earthquake insurance.
• Coastal erosion and sea-level rise: Properties along the coast are vulnerable to coastal erosion and sea-level rise. While this property is not directly on the coast, it is still a consideration.
• Wildfire risk: Wildfires are a growing concern in the surrounding hills and mountains. This could lead to increased insurance premiums and potential property damage. The property is not in a high-risk area, but this can still be a risk.
• High competition and bidding wars: The Santa Cruz real estate market is highly competitive, with limited inventory. This can lead to intense bidding wars and offers well above the asking price.
• Tourist impact and homelessness: The popularity of Santa Cruz as a tourist destination can lead to crowded beaches, traffic, and increased demand on resources. The city also faces challenges with homelessness, which may impact the neighborhood.
• Potential for hidden issues: Older homes can have hidden issues such as foundation problems, mold, or outdated electrical and plumbing. These issues may require costly repairs or upgrades not immediately apparent during a typical showing.
Who is this property for?
These details are presented solely for educational purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking a charming, move-in ready home in a desirable central location: The property's proximity to shopping, dining, and outdoor activities, coupled with recent upgrades, makes it ideal for those seeking convenience and a relaxed lifestyle. The detached office caters to remote workers or those needing a creative space.
• Individuals appreciating vintage charm with modern amenities: The home blends original features like arched entryways and a wood-burning fireplace with modern updates such as a steam shower and upgraded appliances.
• Those who prioritize low-maintenance outdoor spaces: The mature landscaping, spacious patio, and bird sanctuary provide a serene environment without requiring extensive upkeep. The new fencing adds privacy and security.
• Buyers who value a quiet neighborhood: The home's location on a dead-end street offers a peaceful setting away from busy roads. This is beneficial for those seeking a tranquil living environment.
• Potential renters or those looking for a short-term rental: The property's location and features could attract renters, potentially generating income.
Not For
• Buyers seeking a larger home: With 2 bedrooms and 1,336 sq ft, this property may not be suitable for larger families or those who desire more living space.
• Individuals on a tight budget: The price per square foot ($1009.73) is significantly higher than the national average, and the overall price of $1,349,000 may be prohibitive for some buyers.
• Buyers who prefer modern construction: While the home has been upgraded, it was built in 1955. Buyers seeking a newer home may not find this property appealing.
• Those who are risk-averse to natural hazards: Santa Cruz is known for its risk of earthquakes, coastal erosion, wildfires, and tsunamis. Buyers concerned about these issues may prefer a different location.
• Individuals who are not comfortable with the Santa Cruz lifestyle: The relaxed, outdoorsy culture may not be for everyone, and the city's tourist impact and homeless issues may be a concern for some.
Demographics
Area Median Income
$91,801
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 5, 2024Susan L MclucasSusan L Mclucas, 2005 Susan L Mclucas Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Feb 5, 2024Susan L Mclucas, 2005 Susan L Mclucas Revocable TrustSusan L Mclucas
Intrafamily Transfer
Non-Arm's Length Transactions
$1,325,000Financed
May 10, 2022Guy Lasnier, Janice LasnierSusan L Mclucas, The 2005 Susan L Mclucas Revocable Trust
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 3, 2015Guy Lasnier, Janice LasnierThe Lasnier Revocable Trust, Janice Lasnier
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jul 9, 2014Guy Lasnier, Janice Tetlow LasnierGuy Lasnier, Janice Tetlow Lasnier
Intrafamily Transfer
Non-Arm's Length Transactions
$583,500Financed
May 8, 2012Nik WhitingGuy Lasnier, Janice R Tetlow
Grant Deed
Standard Sale (Purchase/Resales)
$550,000Financed
Oct 28, 2004Renee Whiting, Mark WoodwardNik Whiting
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Sep 26, 2002Kenneth Whiting, Renee WhitingViolet N Seyden, Kenneth Whiting
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 2, 1998Seyden Violet NViolet N Seyden, The Seyden Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$3,420
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,349,000
Price/sqft
$1,010
Layout
2 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,515,333
11.0%
Your price is 11.0% below average
Median Price
$1,600,000
15.7%
Based on 6 recent sales
Price per Sq.Ft
$1,125
10.2%
Your price is 10.2% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 105 Allerton Street, Santa Cruz, CA 95065 | $1,850,000 | 1,237 | 3 | 2 | $1,49648.1% | 10/11/2024 |
| 2030 Pacific Avenue #113, Santa Cruz, CA 95060 | $942,000 | 1,448 | 3 | 2 | $65135.6% | 9/19/2024 |
| 241 Walnut Avenue, Santa Cruz, CA 95060 | $1,950,000 | 1,600 | 2 | 2 | $1,21920.7% | 10/24/2024 |
| 116 Clay Street, Santa Cruz, CA 95062 | $1,400,000 | 1,300 | 3 | 2 | $1,0776.7% | 8/13/2024 |
| 420 Parnell Street, Santa Cruz, CA 95062 | $1,600,000 | 1,196 | 3 | 2 | $1,33832.5% | 8/20/2024 |
| 206 Prospect Heights Avenue, Santa Cruz, CA 95065 | $1,350,000 | 1,389 | 2 | 1 | $9723.7% | 10/8/2024 |
105 Allerton Street, Santa Cruz, CA 95065
Price: $1,850,000
Sq.Ft: 1,237
Beds/Baths: 3/2
$/Sq.Ft:
$1,49648.1%
Sale Date: 10/11/2024
2030 Pacific Avenue #113, Santa Cruz, CA 95060
Price: $942,000
Sq.Ft: 1,448
Beds/Baths: 3/2
$/Sq.Ft:
$65135.6%
Sale Date: 9/19/2024
241 Walnut Avenue, Santa Cruz, CA 95060
Price: $1,950,000
Sq.Ft: 1,600
Beds/Baths: 2/2
$/Sq.Ft:
$1,21920.7%
Sale Date: 10/24/2024
116 Clay Street, Santa Cruz, CA 95062
Price: $1,400,000
Sq.Ft: 1,300
Beds/Baths: 3/2
$/Sq.Ft:
$1,0776.7%
Sale Date: 8/13/2024
420 Parnell Street, Santa Cruz, CA 95062
Price: $1,600,000
Sq.Ft: 1,196
Beds/Baths: 3/2
$/Sq.Ft:
$1,33832.5%
Sale Date: 8/20/2024
206 Prospect Heights Avenue, Santa Cruz, CA 95065
Price: $1,350,000
Sq.Ft: 1,389
Beds/Baths: 2/1
$/Sq.Ft:
$9723.7%
Sale Date: 10/8/2024
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