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2429 E St
Sacramento, CA

2429 E St

$595,000
2 bd • 2 ba • 1,179 sf

This analysis was generated by artificial intelligence on 2/5/2025. 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

$595,000

Price/Sq.Ft

$505

Year Built

1918

AI Property Analysis

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

The Good

• Desirable Location: The property is located in Boulevard Park, a highly desirable neighborhood known for its tree-lined streets, historic homes, and proximity to Midtown amenities. Walkability to coffee shops, restaurants, and the farmers market is a major selling point. • Period Charm: The home retains many original features, such as built-ins, a fireplace, and wood floors, which add to its character and appeal. These features are highly sought after by buyers who appreciate historic homes. • Updated Second Bathroom: The addition of a second bathroom with a permit is a significant upgrade that adds convenience and value to the property. Many older homes in the area only have one bathroom, making this a standout feature. • Fresh Exterior and Interior Paint: The fresh coat of sage green exterior paint and interior paint give the home a clean and well-maintained appearance, which is attractive to potential buyers. This reduces the need for immediate renovations. • Outdoor Space: The property features outdoor spaces with a mature lemon tree, camellias, and a custom gardening area, providing opportunities for outdoor living and gardening. This is a desirable feature for many buyers, especially in Sacramento's mild climate.

The Bad

• School Ratings: Washington Elementary has a low rating of 4/10, which may be a concern for families with young children. While Miwok Middle School has a better rating of 7/10, C. K. McClatchy High School's rating of 6/10 is only average. Buyers prioritizing top-rated schools may find this location less desirable. • Small Size: At 1,179 square feet, the home is relatively small compared to the median size of single-family homes in Sacramento, which is around 1,500 square feet. This may be a limitation for buyers seeking more living space. • Uncovered Parking: The property only offers uncovered parking for two cars, which may be inconvenient during inclement weather. Covered parking is a desirable feature for many buyers, and the lack of it could be a disadvantage. • Cosmetic Kitchen Update: The listing mentions that the kitchen has undergone a cosmetic update, which suggests that it may not have been fully renovated. Buyers may need to invest in further upgrades to bring the kitchen up to modern standards. • Foundation Concerns: Homes built in 1918 are more susceptible to foundation issues. The Sacramento area also is known to have expansive clay soil. A full foundation repair can range from $5,000 to $20,000.

The Ugly

• Major Flood Risk: The property has a major flood risk (5/10) and is located in FEMA Zone X, indicating a moderate flood hazard. This necessitates flood insurance, which can add a significant expense to the total cost of ownership. Without flood insurance, the homeowner would be responsible for covering all flood-related damages, which can be substantial. • Extreme Air Quality Risk: The property has an extreme air quality risk (10/10) and experiences an average of 27 bad air days per year. This poses a health concern, particularly for individuals with respiratory issues, and may require the use of air purifiers to mitigate the risks. Sacramento's air quality index (AQI) often exceeds 100, which is considered unhealthy for sensitive groups. • Age of the Home: Built in 1918, the home is over 100 years old, which means it may have outdated systems and require ongoing maintenance and repairs. Older homes are more prone to issues such as foundation problems, leaky roofs, and outdated electrical and plumbing systems. • High Price per Square Foot: At $504.66 per square foot, the property is priced higher than the median price per square foot for homes in Sacramento, which is around $400. This could make it more difficult to attract buyers, especially those who are price-sensitive. • Potential Foundation Issues: Homes built in the early 20th century in Sacramento are susceptible to foundation problems due to the expansive clay soil in the area. A thorough inspection is crucial to identify any existing or potential foundation issues. Repair costs can range from $5,000 to $20,000 or more, depending on the severity of the problem.

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

• Buyers Seeking a Charming Bungalow in a Walkable Neighborhood: The property's location in Boulevard Park, with its tree-lined streets and proximity to coffee shops and small businesses, is ideal for those who value a vibrant and pedestrian-friendly lifestyle. • Individuals Appreciating Period Charm: The bungalow retains many original features, such as built-ins, a fireplace, and wood floors, appealing to those who appreciate historic architectural details. • Buyers comfortable with a smaller home: The smaller home is ideal for those who want to live a more minimalistic lifestyle and enjoy a well-designed interior. • Gardeners and Outdoor Enthusiasts: The property boasts a mature lemon tree, camellias, and a custom gardening area, making it attractive to those who enjoy spending time outdoors. • Buyers who have budgeted for flood insurance: Given the property's flood risk, prospective buyers should be prepared to factor in the additional cost of flood insurance into their budget.

Not For

• Buyers Seeking a Large, Modern Home: With 1,179 square feet and a 1918 build date, this bungalow may not meet the needs of those seeking a spacious, updated home with modern amenities. • Individuals Prioritizing Top-Rated Schools: While Miwok Middle School has a rating of 7/10, Washington Elementary is rated 4/10, and C. K. McClatchy High School is rated 6/10. Buyers prioritizing highly-rated schools may want to consider other neighborhoods. • Buyers on a Tight Budget: The price of $595,000, combined with potential costs for flood insurance, HVAC upgrades, and kitchen renovations, may be prohibitive for buyers with limited financial resources. • Individuals Sensitive to Air Quality: The property's extreme air quality risk may be a concern for those with respiratory issues or sensitivities. • Buyers Averse to Flood Risk: The major flood risk (5/10) and the need for flood insurance may deter buyers who prefer properties with minimal flood potential.
Demographics
Area Median Income

$77,839

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Risk Assessment

Climate Risks

airEXTREME

27 bad air quality days per year

heatMAJOR

6 extreme heat days per year

98th percentile: 102°F

floodMAJOR

FEMA Zone: X

Insurance: Required

fireMINOR

Insurance: Recommended

windMINIMAL

Insurance: Optional

Risk Analysis

• Flood Risk: The property's location in FEMA Zone X and flood risk score of 5/10 necessitate flood insurance, adding to the total cost of ownership. Premiums can vary significantly depending on coverage and deductible, potentially ranging from $800 to $2,500 per year. Failure to maintain flood insurance could result in significant financial losses in the event of a flood. • Air Quality: The extreme air quality risk (10/10) and 27 bad air days per year pose a health concern, particularly for individuals with respiratory issues. Mitigation measures, such as air purifiers, will add to the ongoing expenses of the property. • Age of the Home: Built in 1918, the property may have hidden maintenance issues that could require costly repairs. Foundation problems, outdated plumbing and electrical systems, and lead paint are potential concerns that should be addressed during a professional inspection. Repair costs could range from a few hundred dollars for minor fixes to several thousand dollars for major repairs. • Market Fluctuations: Sacramento's housing market is subject to fluctuations, and property values can rise and fall depending on economic conditions and buyer demand. There is no guarantee that the property will appreciate in value, and it could potentially depreciate, resulting in a financial loss upon resale. • Uncovered Parking: The property only has uncovered parking for two cars. This may be a significant drawback for buyers with multiple vehicles or those who prefer covered parking for protection from the elements. Adding a garage or carport could cost between $15,000 and $30,000.
Insurance
Annual Cost

$2,142

$179 per month

Financials

Monthly Costs
Market Rent (2 bed)

$2,040

Price History

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$584,833

-1.7% below list price

Median Price

$650,000

Based on 6 recent sales

Price per Sq.Ft

$473

Comparable Properties

1500 24th Street, Sacramento, CA 95816
Price: $650,000
Sq.Ft: 1,219
Beds/Baths: 3/2
$/Sq.Ft:
$5335.7%
Sale Date: 12/5/2024
415 26th Street, Sacramento, CA 95816
Price: $659,000
Sq.Ft: 1,040
Beds/Baths: 3/2
$/Sq.Ft:
$63425.6%
Sale Date: 10/22/2024
2209 I Street, Sacramento, CA 95816
Price: $490,000
Sq.Ft: 1,320
Beds/Baths: 2/2
$/Sq.Ft:
$37126.4%
Sale Date: 10/18/2024
1515 P Street, Sacramento, CA 95814
Price: $499,000
Sq.Ft: 1,313
Beds/Baths: 2/2
$/Sq.Ft:
$38024.7%
Sale Date: 10/11/2024
2020 H Street, Sacramento, CA 95811
Price: $511,000
Sq.Ft: 1,328
Beds/Baths: 1/2
$/Sq.Ft:
$38523.8%
Sale Date: 9/20/2024
1813 Capitol Avenue, Sacramento, CA 95811
Price: $700,000
Sq.Ft: 1,309
Beds/Baths: 1/2
$/Sq.Ft:
$5356.0%
Sale Date: 8/29/2024

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