Score
0Bonny Doon, CA
50 Rustic Ln
1.5M
4 beds
2 baths
2,219 sqft
4 bd • 2 ba • 2,219 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
$1,499,000
Price/Sq.Ft
$676
Year Built
1979
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large Lot Size: The property sits on 2.89 acres, offering ample space for outdoor activities, gardening, and privacy. This is a significant benefit in the Bonny Doon area where larger lots are desirable.
• Detached ADU: The presence of a detached ADU with a bedroom loft, bathroom, and kitchen adds significant value. It can be used for guests, as a rental unit for additional income, or as a private retreat.
• Spacious Kitchen: The kitchen offers ample workspace and cabinetry, making it ideal for those who enjoy cooking and entertaining.
• Indoor-Outdoor Living: The property offers seamless indoor-outdoor living with separate deck access from three rooms, enhancing the living experience and connection with nature.
• Versatile Library: The library can be used as a reading room, office, or extra bedroom, adding versatility to the floor plan.
• High Ceilings and Walk-in Closets: The high ceilings and walk-in closets in the main bedroom provide a sense of spaciousness and luxury.
• Proximity to Santa Cruz: The property is conveniently located minutes from Santa Cruz, providing access to amenities and services while maintaining a rural feel.
• Natural Beauty: The property is surrounded by natural beauty, including mature trees and views of deer, turkeys, and quail, enhancing its appeal.
The Bad
• High Price per Square Foot: At $675.53 per square foot, the property is priced above the average for some areas in the Santa Cruz region. While Bonny Doon is known for its higher prices, this may still present a challenge for budget-conscious buyers.
• Age of the Home: Built in 1979, the property is 45 years old. This may mean that some systems and appliances could be nearing the end of their lifespan, potentially leading to maintenance and repair costs.
• Rural Location: The property is located in a rural area with limited access to amenities, which may not be suitable for all buyers. The winding, steep roads may also present challenges for some people.
• Septic System: The property uses a septic system, which requires regular maintenance and may need repair or replacement. Septic systems can be costly to maintain and repair.
• Well Water: The property relies on well water, which may have inconsistent supply during droughts. Regular testing for water quality and potential investment in filtration or treatment systems is required. The well’s capacity and history should be checked thoroughly.
The Ugly
• Extreme Air Quality Risk: The property is located in an area with an EXTREME air quality risk (9/10), with 17 bad air days per year. This can impact outdoor activities, require indoor air filtration, and affect the health of sensitive individuals.
• High Insurance Costs: Due to the MAJOR fire risk (5/10), insurance premiums are likely to be very high, as indicated by the estimated cost of $5,396.4/year. This can significantly increase the monthly cost of ownership.
• Potential for Power Outages: The property is located in an area prone to Public Safety Power Shutoffs (PSPS) during fire season. This may require investment in backup power solutions, adding to the overall cost of ownership.
• Septic System Uncertainty: The property uses a septic system, which requires regular maintenance and may need repair or replacement. Septic systems can be costly to maintain and repair, and if not properly maintained, can cause environmental issues.
• Well Water Uncertainty: The property relies on well water, which may have inconsistent supply during droughts. Regular testing for water quality and potential investment in filtration or treatment systems is required. The well’s capacity and history should be checked thoroughly and may add to the cost of ownership.
• Potential for High Maintenance: Homes in wooded areas require more maintenance, including clearing vegetation, dealing with pests, and protecting against weather damage. This can add to the overall cost and effort of homeownership.
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 Private Retreat: The 2.89-acre lot, mature trees, and natural surroundings offer a high level of privacy and seclusion, appealing to those seeking tranquility and a connection with nature.
• Multi-Generational Families or Those Seeking Rental Income: The detached ADU with its own bedroom loft, bathroom, and kitchen is ideal for accommodating guests, extended family, or generating rental income, providing flexibility for different living arrangements.
• Nature Enthusiasts: The property's proximity to nature, including views of deer, turkeys, and quail, along with ample space for gardening and outdoor recreation, caters to those who enjoy nature and wildlife.
• Buyers Comfortable with Rural Living: The property's location in Bonny Doon, with its limited services, winding roads, and reliance on well and septic systems, is best suited for those who prefer a rural lifestyle and are prepared for the associated maintenance and logistical considerations.
• Buyers with a Focus on Outdoor Living: The deck access from three rooms, the spacious yard, and the potential for outdoor gatherings and relaxation make this property ideal for those who prioritize outdoor living.
Not For
• Buyers Seeking Urban Amenities: The property's rural location in Bonny Doon, with limited access to amenities like grocery stores, restaurants, and gas stations, may not be suitable for those who prefer a more urban lifestyle.
• Buyers Uncomfortable with Fire Risk: The property's MAJOR fire risk (5/10) and associated insurance costs and maintenance requirements may not be suitable for risk-averse buyers.
• Buyers Requiring Easy Access and Flat Roads: The winding, narrow, and sometimes steep roads in Bonny Doon may not be suitable for those who require easy access or have mobility issues.
• Buyers Needing Reliable Public Utilities: The property's reliance on well water and a septic system, as well as the potential for power outages, may not be suitable for those who require reliable public utilities.
• Buyers on a Strict Budget: The high insurance costs, potential water and septic maintenance costs, and the relatively high price per square foot may not be suitable for buyers on a strict budget.
Demographics
Area Median Income
$93,839
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jun 19, 2015Bruce D Larkin, Helen Kruse LarkinLarkin Rustic Trust, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 8, 2003Bruce D Larkin, Helen Kruse LarkinBruce D Larkin, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Mar 14, 2003Bruce D Larkin, Helen Kruse LarkinBruce D Larkin, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
May 7, 2001Bruce D Larkin, Helen Kruse LarkinBruce D Larkin, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
May 7, 2001Bruce D Larkin, Helen LarkinBruce D Larkin, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jun 7, 2000Larkin Bruce D Trustee Etal Kruse Helen FBruce D Larkin, Helen Kruse Larkin
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Apr 26, 2000Larkin Bruce D Trustee Etal Kruse Helen F Trustee Etal, Helen Kruse LarkinBruce D Larkin, Helen Kruse Larkin
Correction Deed
Non-Arm's Length Transactions
$0Cash Purchase
Apr 20, 1999Larkin Bruce D Hw Etal Jt Kruse Helen F Hw Etal JtThe Larkin Rustic Trust
Grant Deed
Standard Sale (Purchase/Resales)
Property Taxes
$5,364
2024 Tax Assessment
1.9%from previous year
Assessed Value$436,430
Tax Rate1.23%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
5.0/10
AverageHigh
9.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$2,590
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,499,000
Price/sqft
$676
Layout
4 bd•2 ba
Days on market
12 daysat time of analysis
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$1,310,000
14.4%
Your price is 14.4% above average
Median Price
$1,310,000
14.4%
Based on 1 recent sales
Price per Sq.Ft
$515
31.2%
Your price is 31.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 153 Mclean Place, Santa Cruz, CA 95060 | $1,310,000 | 2,546 | 3 | 2 | $51523.8% | 8/13/2024 |
153 Mclean Place, Santa Cruz, CA 95060
Price: $1,310,000
Sq.Ft: 2,546
Beds/Baths: 3/2
$/Sq.Ft:
$51523.8%
Sale Date: 8/13/2024
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